BRICS Announces Massive Trade Agreement to Ditch the US Dollar
GeoPolitical Analyst: 6-19-2024
The BRICS economic alliance has announced an extensive trade agreement that will effectively ditch the US dollar.
The collective settled on an agreement with a plethora of outside nations to settle trade dealings in their national currencies, circumventing the use of the greenback. The agreement includes all BRICS nations as well as Thailand, Laos, Sri Lanka, Kazakhstan, Venezuela, and Bolivia.
Moreover, it becomes one of the bloc’s most extensive de-dollarization policies in its history. Its presence should only be magnified by the impending arrival of the bloc’s independent payment system.
Over the last two years, the BRICS economic alliance has grown tremendously. The grouping has sought to increase its relevance on a global scale and introduce an increasingly multipolar world. A massive part of those efforts are connected to the introduction of landmark economic policies.
Now, the alliance has announced a monumental development that could have immense ramifications for global finance.
Specifically, BRICS announced a massive trade agreement at this week’s Foreign Ministers Meeting that would ditch the US dollar for all alliance trade settlements.
The nations included will opt to settle all trade with national currencies as opposed to Western alternatives.
https://www.youtube.com/watch?v=4xLVTTslaJU
Fixed Prices? Price Controls? Shortages? Rationing? ITS ALL COMING…
Greg Mannarino: 6-20-2024
https://www.youtube.com/watch?v=_2QvMJciA80
‘The End Of Fiat Currencies As We Know It’ | Gary Wagner
David Lin: 6-19-2024
Gary Wagner, Editor of TheGoldForecast.com, discusses his outlook for inflation, gold, monetary policy, and the impact of AI on our economy.
0:00 – Intro
0:55 – Inflation
9:44 – Consumer sentiment
12:00 – Fed monetary policy
15:32 – Stocks
20:25 – Gold and fiat
https://www.youtube.com/watch?v=85d-2YUYaxM
