Join us in this eye-opening video as we uncover the BRICS Nations’ secret plan for a gold and silver-backed currency, recently leaked by none other than Jim Rickards, a renowned financial expert and author. Discover how this strategic move by Brazil, Russia, India, China, and South Africa could potentially reshape the entire international monetary system.
Jim Rickards delves deep into the BRICS’ revolutionary approach to creating a new reserve currency firmly anchored to the weight of gold. In this video, we break down the key points of his analysis, challenging conventional notions of fiat currencies.
Rickards explains that the BRICS currency is unlike any other; it’s tied to gold by its weight. One unit of this currency equals a specific weight of gold, offering stability amidst currency fluctuations. This ingenious move invokes Aristotle’s transitive law, where a equals b equals c, making a equal c.
But hold on, the BRICS have a clever twist. They’ve defined their currency by weight of gold, not pegged to any specific dollar value. This leaves room for the dollar-gold exchange rate to fluctuate, allowing the BRICS to free ride on the dollar gold market.
Contrary to misconceptions, this isn’t the end of the US dollar or the Euro, nor is it a gold standard. Instead, it’s a strategic play by the BRICS, capitalizing on the expected dollar devaluation relative to gold over time.
Rickards emphasizes that Russia plays a significant role in this strategy, and the BRICS have their fingerprints all over it. By anchoring their currency to gold, they’ve set a long-term bet on the dollar’s eventual devaluation.
Recent US actions, like freezing Russian Central Bank assets, have shaken confidence in the dollar. This has prompted countries like Saudi Arabia, India, Brazil, Malaysia, and Turkey to rethink their reliance on the dollar, seeking alternatives and diversifying their reserves.
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