- Russia and China have announced a new gold-backed currency to replace the US dollar.
- The move is part of a de-dollarization trend, with countries like Brazil and China already ditching the dollar in favor of their currencies.
- The rise of the BRICS (Brazil, Russia, India, China, South Africa) economic block is significant, with over 40% of the world’s population seeking membership.
- The upcoming BRICS Summit in South Africa will focus on creating a new gold-backed currency, accelerating the de-dollarization trend.
- While the US dollar remains the dominant currency, the rise of alternative currencies may lead to reduced US debt purchases and potentially force the government to live within its means.
Transcript: “Hey gang, it’s me Dr. Steve. So it’s official, what’s fast becoming the largest economic Union in the world has just announced a new gold-backed currency aimed deliberately replacing the US dollar. We’re going to find out what’s happening, why it’s happening, and what it all means for a rising and very real New World Order.
First, just a quick 60-second recap for how we got here in the first place. As many of you know, following the end of World War II, the world outside of the Soviet Bloc began to be led by a single economic and militaristic superpower, namely the United States and most particularly its dollar. This accelerated in the 1970s when the United States struck a deal with Saudi Arabia to standardize oil prices in terms of the US dollar. This deal elevated the US dollar to the world’s Reserve currency since you could buy oil and gas directly without going through some kind of exchange rate. Moreover, nations buying and selling in US dollars in turn inordinately purchase US treasury bonds with their surplus dollars so as not to lose money in the exchange process back to their own currencies. This allows the US government to print up pretty much as much money as they want because they assume that plenty of foreign nations using the US dollar will purchase up all the debt in the form of US treasuries.
But all of that changed on Thursday, February 24, 2022. That’s when Russian forces launched a special military operation in Ukraine. In mere hours, sanctions were unleashed on Russia from the United States and the European Union using the US currency against Russia and kicking them off Swift, the international financial transaction platform which is inordinately controlled by United States banks. Well, suddenly in the eyes of many around the world, the dollar transformed from a free international currency to a very powerful and effective weapon. A weapon that more and more nations feared would eventually be used against them. The weaponization of the dollar escalated the need for many countries to deliberately begin the process of de-dollarization.
A few months back, Brazil and China reached an agreement to ditch the dollar and conduct their cross-border trade with the Yuan, the Chinese currency. Around the same time, China and Saudi Arabia began talks to price Saudi Arabia’s oil sales in the Yuan rather than in US dollars. Similarly, both the UAE and Qatar have been trading with China using the Yuan in direct payments. And even France just completed their first Yuan-settled liquefied natural gas trade with China. But none of that compares to what was just announced ahead of the upcoming Summit with what is fast becoming the single largest economic Union in the world. And this changes everything, gang. With this announcement, gold has now become king again, literally king of the world. A new age of gold-backed currency is rising, and now is your time to get in before the rest of the world figures it out.
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Now, if you don’t know what’s happening here, it’s being called the hottest ticket in geopolitics: the rise of BRICS. BRICS stands for Brazil, Russia, India, China, and South Africa, the five foundational nations that have formed a new and powerful economic block since its formation in the 2000s. The economic block has grown exponentially with dozens of countries seeking to join. Nations such as Saudi Arabia, the UAE, Egypt, Algeria, Argentina, Mexico, Nigeria, they’re all lining up and applying for membership, making up over 40 percent of the world’s population. And all eyes are fixed on their upcoming Summit in August in South Africa because it’s just been announced that the agenda there will center on the creation of a new gold-backed currency that would have at least 20 nations all joining in.
This development is considered by many to be key in accelerating the trend of de-dollarization as more and more nations move away from the US dollar as the dominant global reserve currency. As we saw earlier, the de-dollarization is already well underway. The international return to the gold standard is key here. China, Russia, India, they all hold substantial gold reserves, with China alone possessing over 50,000 tons. The Shanghai Gold Exchange allows for the conversion of currencies into gold, and it’s likely that this mechanism will play a key role in the new BRICS currency.
So now the question, what does this all mean for us? Well, first we have to understand that the gold-backed currency used among BRICS nations aims to further erode the dollar and establish a multipolar world, a world where political and economic power is decentralized away from a single dominant power and shared instead among a variety of political and economic centers. Scholars have long argued that the age of a unipolar world, a world with a single superpower, the United States governing the rules by which all other nations have to live by is basically dead. We’ve already been seeing a multipolar world rising for the last couple of decades. But ironically, fears and frustrations with the Biden administration’s weaponization of the dollar against Russia and its threats against nations that didn’t go along with the sanctions, it’s only served to actually hasten that rise.
So, first and foremost, the gold-backed currency represents a rising new geopolitical world order. But secondly, we should note it’s going to take time before the economics of that world order changes substantially. And that’s because the US dollar still remains by far the single most dominant currency. Yes, it’s true there’s been significant de-dollarization. In 2001, 73% of global reserves were held in dollars, but that percentage has now decreased to 58%. But we have to distinguish between how much a currency is kept as a share of the reserves of central banks around the globe versus how much it continues to be used in everyday global financial transactions. While nations are clearly seeking alternatives to the dollar, it still overwhelmingly dominates as the currency by which people lend or borrow or save. And it remains the dominant currency by which most nations measure their own assets and wealth. In other words, the dollar is and will remain very strong for the foreseeable future, even though it’s going to have some major competitors.
But thirdly, and perhaps most consequentially for us, more and more nations de-dollarize, less and less will be buying up US debt, which means that the treasury can no longer continue to print money at the pace it’s been doing over the last few decades. Which in turn, means that perhaps finally, our government can at least begin the process of living within its means, stop the endless funding of foreign wars, and prioritize the interests of the people over and against the interests of a financial class led by an out-of-control Federal Reserve.
If that happens, then de-dollarization may not just benefit the international community; it may indeed have extraordinary benefits here at home as well. Are you ready to join the resistance? Because I’m leading a group of dedicated, courageous Patriots who can spearhead into the heart of the secular globalist establishment. We’ve punished Bud Light and Target, driven CNN and the Legacy Media to near bankruptcy, forced BlackRock to backtrack on ESG, and now we’re seeing our conservative-dominated Supreme Court ending affirmative action and protecting religious liberty.