Dollar Collapse | “THIS WILL BE THE BIGGEST SHOCK IN THE INTERNATIONAL MONETARY SYSTEM SINCE 1971!…August 22nd 2023” – Jim Rickards + “BRICS to Introduce a New GOLD-Backed Currency In Contrast to the Credit-Backed U.S. Dollar.”
The BRICS group is preparing to unveil a new currency, which will be the biggest shock in the international monetary system since 1971. The BRICS summit in Durban, South Africa, will feature leaders from Brazil, Russia, India, China, and South Africa. The group has been meeting for 17 years and has a rotating presidency, with South Africa as the president. They have 190 meetings a year and have expanded to include Iran, Turkey, Argentina, Chile, and other important countries. There is a full-scale assault on the US dollar as the leading global payment currency. Prime Minister Malaysia suggested the creation of an Asian monetary fund, but it wouldn’t be dollar-based or even SDR-based, that’s the IMF’s money. Instead, it would be a basket of local currencies or a local currency’s paid to a basket, and the fund would lend to members through trade deficits or infrastructure. The biggest project right now is not final, but the BRICS Plus, which has now invited 20 other countries to join their meetings. China and Saudi Arabia have agreed on a deal where China’s yuan would be the world’s largest reserve currency.
