EPISODE · Dec 10, 2024 · 42 MIN
BRICS' Gold-Backed Currency: A Game Changer for Global Trade
from Hard Asset Money Show · host Christian Briggs
Every time we see BRICS gain another member country, or more percentage of localized currencies being utilized in purchases and sales. BRICS announced that they are going to have gold back their new currency. Up to 40 percent in physical gold, and 60 percent utilizing local currencies to help backstop it. They're going down the road that we did for a century, and then in 1971, President Nixon terminated the convertibility of the U.S. dollar to gold. BRICS is going to this because it's the only way they can dominate the world's stage of currency usage. And just recently, the president of Brazil said he pushed back on the Trump’s tariffs, saying there is absolutely no way that the United States can stop the BRICS. The US economy is one single currency vision which is coming out in 2025.
What this episode covers
Every time we see BRICS gain another member country, or more percentage of localized currencies being utilized in purchases and sales. BRICS announced that they are going to have gold back their new currency. Up to 40 percent in physical gold, and 60 percent utilizing local currencies to help backstop it. They're going down the road that we did for a century, and then in 1971, President Nixon terminated the convertibility of the U.S. dollar to gold. BRICS is going to this because it's the only way they can dominate the world's stage of currency usage. And just recently, the president of Brazil said he pushed back on the Trump’s tariffs, saying there is absolutely no way that the United States can stop the BRICS. The US economy is one single currency vision which is coming out in 2025.
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BRICS' Gold-Backed Currency: A Game Changer for Global Trade
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