Thursday, August 10, 2023

BRICS: The Global Assault to Dethrone and Kill the Dollar—the Enemy is Locked and Loaded

Protect Your Retirement Savings Today...

America's Fall from Supremacy: The Global Assault to Dethrone and Kill the Dollar. The Enemy's Locked and Loaded.


The quest to de-crown the dollar is resolute, and countries are tabling their tensions to join forces against the United States.


My Fellow American,

The United States has long been the reigning superpower of the global economy, with its currency -the U.S. dollar- as the world's primary reserve.

However, in recent years, emerging nations such as Brazil, Russia, India and China (collectively known as BRICS) have begun to challenge that supremacy.

In 2019 at a summit meeting in Brazil, the BRICS nations announced their plans to launch a Gold-Backed Digital Currency, which is designed with the intention of dethroning and replacing the U.S. dollar.

IMPORTANT READ THIS

The goal of this new currency is to provide an alternative to the current system that isn't subject to being manipulated by economic sanctions or other geopolitical conflicts.

Foreign governments wanting to liberate themselves from reliance on the U.S. dollar can throw the U.S Dollar overboard.

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As many as 19 other countries—including Egypt, Saudi Arabia, and the United Arab Emirates—are aspiring to join the ranks of BRICS and catalyze a shift in the world economic order.

A new BRICS currency would not only deteriorate the value of the Dollar as a global reserve currency but also undercut the influence of the United States on a global stage.

Countries are also dropping the Dollar because Biden's inflation is wreaking havoc on their economies. Inflation erodes the value of fiat currencies, and countries that heavily depend on U.S. dollar reserves are already feeling the heat.

Diversification in Gold is critical for retirees. As BRICS currency gains influence, the purchasing power of the U.S. citizen plummets—meaning a fixed amount of savings will have far less purchasing power down the road.

China has already developed its digital currency, known as the "Digital Yuan". This project could potentially set a precedent for other BRICS member countries to follow—a move that would only further destabilize the U.S. dollar's hegemony over global finance.

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Why is this bad for the U.S.?

BRICS is backed by Gold. The Dollar and soon coming Digital Dollar is backed by Debt. We are now up from $28 Trillion to $32 Trillion in Debt.

Janet Yellen told the Senate Bank and Finance Committee she and Biden plan to take the national Debt to $50 Trillion in the next ten years. We are now up to $32 Trillion. What do you think inflation will be like in ten years?

The silver lining for investors.
If countries switch away from the U.S. dollar and to a gold-backed currency, it could drive up the price of Gold—already at record highs—even further.

This would lead to increased demand for physical Gold, resulting in higher prices and potential shortages. In short, BRICS' adoption of a digital gold-backed currency will spell trouble for the U.S. economy.

What you do next:

If you are in cash or paper assets, it's time to seriously consider getting out. Only Gold and other metals will maintain their value, while paper and paper assets will plummet in value.

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