Gold Telegraph
@GoldTelegraph
WHEN THE FOUNDATION SHAKES?
In March, we learned that BRICS is actively developing a payment system utilizing the blockchain.
Many countries are starting to link payment systems.
Russia and China have almost stopped using the dollar in their mutual trade.
Monetary evolution? Yes.
We are in the middle of a real-time chess match fundamentally reshaping our global monetary system.
Hot conflicts are erupting worldwide, financial warfare is escalating, and nations are scrambling to secure minerals to reduce dependency on others.
The era of a unipolar world is crumbling, giving way to the rise of a multipolar global order.
Trade between Russia and China surged by 26% to $240 billion in 2023, with over 90% of settlements conducted in their national currencies.
This is very significant as the blueprint has arrived.
China’s trade with other BRICS members rose 11.3% year-on-year in the first quarter, underscoring the growing ties within the group.
In late April, we learned that the United States is drafting sanctions that threaten to isolate some Chinese banks from the global financial system.
These sanctions coincide with the United States’ effort to confiscate $300 billion worth of Russian reserves like a light switch.
With sanctions, America has consistently wielded its power like a conductor orchestrating a symphony of isolation and economic chaos to enforce its order.
The result?
More and more countries are shifting to localize trade to become less dependent on the dollar.
They are starting to put their foot down.
This week, a Russian IMF rep said BRICS could offer an alternative currency in the event of the dollar’s and the international monetary system’s collapse.
The International Monetary Fund has already warned of the risks from the Western seizure of Russian assets.
The United States sees itself as the captain of the economic world, using its economic muscle to impose sanctions on other countries and intimidate them into compliance.
But they fail to see that they are aiming the economic gun at their foot, heading straight into a horrible storm that could leave them limping into it on one leg.
Countries worldwide are joining forces to actively combat these financial weapons by aggressively stockpiling time-tested reserve assets such as gold, working on unified payment systems, and crafting new mechanisms to circumvent such threats.
When trust is completely gone, it is like glass that breaks into a million pieces.
It is almost impossible to piece it back together.
In the week ahead, I will delve deeper into this topic, shedding light on why emerging markets have reached their limit and are intensely advocating for reform within the international monetary system.
Many of these nations possess significant commodities that will be crucial in driving this reset and facilitating change.
Of course, gold reigns supreme on this reset’s chessboard, serving as the most strategic piece in this intricate puzzle.
Lots of long-form articles are coming.
