New Gold Backed Currency Called BRICS

Jim Rickards, a former insider in the financial industry, has been warning about the impact of America’s credit-based economy and the rise of the Brics Nations for years.

The violation of Gresham’s Law and Triffin’s Dilemma, the fall of the Bretton Woods Agreement, and the weaponizing of the dollar are just a few of the factors that have contributed to this potential shift.

It’s important to understand the global macroeconomics at play and be aware of the potential consequences.

Key Takeaways

• The Brics Nations announce a new currency backed by gold, which could significantly impact the global economy.
• Jim Rickards has been warning about the impact of America’s credit-based economy and the rise of the Brics Nations for years.
• Understanding the global macroeconomics at play and the potential consequences is crucial in navigating the changing landscape of the world economy.

The Rise of the Brics Nations

You may have heard of the Brics Nations, which stands for Brazil, Russia, India, China, and South Africa. These countries have been gaining force and momentum in recent years, and their rise is worth paying attention to.

One major event that highlights their growing power is their plan to announce a new currency, which is anticipated to be backed by gold. This announcement is expected to be made on August 22nd at the Brics meeting in Johannesburg.

The Brics Nations have been gaining momentum due to their production of food, gold, silver, and machinery, which the rest of the world relies on. As a result, they are no longer willing to accept the U.S. as the global bully in the playground.

The U.S. has been a credit-based economy, printing fake money and spreading it throughout the world. This has caused the rest of the world to become increasingly frustrated with the U.S. and its actions.

The Brics Nations are also gaining force due to the violation of two basic laws. The first is Gresham’s Law, which states that when bad money enters a system, good money goes into hiding. The second is Triffin’s Dilemma, which occurred in 1944 at the Bretton Woods agreement in New Hampshire. This agreement stated that the world would trade in U.S. dollars, but now it is falling apart due to Triffin’s Dilemma.

The Brics Nations are gaining momentum and force, which is something that you should be aware of. Their rise is changing the global economy, and it’s important to understand their impact.

The Impact of America’s Credit-Based Economy

You know that the US has been the big bully in the playground, but suddenly all the other kids are saying, “Well, you’re not going to be the bull anymore. We’re going to gang up on you.” That’s what the BRICS are doing. They said, “Hey, we’re going to take you down, bully.”

The announcement made by Jim Rickards a couple of weeks ago is that the BRICS nations are supposedly set to announce to the world their new currency, which he anticipates to be backed by gold. As we’ve talked about, the only other Tier One Reserve asset is gold, so this is significant. He expects them to make that announcement on August 22nd at the BRICS meeting in Johannesburg.

The US has been a credit-based economy, which means it prints fake money and spreads it throughout the world. However, the rest of the world is actually producing the food, the gold, the silver, the machinery, and all of this. Finally, the rest of the world said, “Enough’s enough.”

The reasons behind the banks running into trouble have not gone away, and at the same time, the BRICS nations are gaining force and momentum. This is all coming down fast right now, and it’s going faster and faster.

France is joining China, and they are saying, “Screw you, US. We’re going to deal with China in Chinese currency, not the US dollar.” The average American has no idea what that means.

There are two basic laws that are being violated. When Nixon in 1971 took the dollar off the gold standard, he violated Gresham’s law, which says when bad money enters a system, good money goes into hiding. The second law is Triffin’s dilemma, which happened in 1944. At the Bretton Woods agreement in New Hampshire, the world agreed that they would trade in US dollars. However, the Bretton Woods agreement is falling apart because Triffin’s dilemma meant the US had to supply dollars to every Central Bank throughout the world, so we had to print quadrillions of dollars.

The US weaponizes the dollar against Russia and tries to crush Russia’s economy. The rest of the world is saying, “Enough of you sending us your toilet paper. You take our materials, you take our production, and you send us this trash.”

Jim Rickards and His Predictions

According to Jim Rickards, the BRICS nations are planning to announce their new currency, which is expected to be backed by gold, at the BRICS meeting in Johannesburg on August 22nd. This announcement could potentially change the global economic landscape, as the United States has been seen as a bully in the play yard, printing fake money and spreading it throughout the world.

Rickards argues that the rest of the world is tired of the United States’ credit-based economy, which relies on the production of other countries for food, gold, silver, machinery, and more. The BRICS nations, including Brazil, Russia, India, China, and South Africa, are gaining force and momentum, and could potentially form a coalition with Japan and Mexico to challenge the dominance of the US dollar.

Rickards believes that the US dollar has been weaponized against other countries, such as Russia, and that the world is entering a period of currency wars. He argues that the US violated two basic laws when it took the dollar off the gold standard in 1971 and violated Gresham’s law, which states that bad money enters a system, good money goes into hiding. He also argues that Triffin’s dilemma, which occurred in 1944 at the Bretton Woods agreement, is now falling apart, as the US had to supply dollars to every central bank throughout the world, leading to the printing of quadrillions of dollars.

Rickards warns that the world is entering a period of hyperinflation, wars, and starvation, and that the average person cannot see what’s coming. He believes that people need to be cognitively aware of these changes and the potential consequences they could have on the global economy.

Understanding Global Macroeconomics

In the world of global macroeconomics, there are several key factors that are currently affecting the global economy. The United States has been the dominant player in the global economy, but other countries are now pushing back against this dominance. The BRICS nations (Brazil, Russia, India, China, and South Africa) are set to announce their new currency, which is expected to be backed by gold. This announcement is set to be made on August 22nd at the BRICS meeting in Johannesburg.

The reason behind the banks running into trouble has not gone away, and the forces outside the country are gaining momentum. The violation of Gresham’s Law and Triffin’s Dilemma are also affecting the global economy. When Nixon took the dollar off the gold standard in 1971, bad money entered the system and good money went into hiding. Triffin’s Dilemma, which happened in 1944 at the Bretton Woods agreement, meant that the US had to supply dollars to every central bank throughout the world.

The US had to print trillions and probably quadrillions of dollars, and this promised Saudi Arabia that the US would protect them. However, when Biden came into office, he weaponized the dollar against Russia, and Saudi Arabia joined Russia’s side. The dollar is now being used as a weapon against other countries, which is causing hyperinflation and war.

The weaponizing of the dollar means that it is no longer neutral like gold and is being used to fight wars. The rest of the world is tired of receiving fake money from the US and is now pushing back against this dominance. The world is about to change, and it is important to be cognitively aware of these changes. The average person may not be able to see what is coming, but it is important to understand the confluence of events that are rapidly coming to a head.

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The Troubles of Banks and the Brics’ Response

You are aware that the US has been the dominant player in the global economy, but now the other countries are ganging up against the US. The Brics Nations, comprising Brazil, Russia, India, China, and South Africa, are set to announce their new currency, which is anticipated to be backed by gold. This announcement is expected to be made on August 22nd at the Brics meeting in Johannesburg.

The US has been running a credit-based economy, printing fake money and spreading it throughout the world. However, the rest of the world is actually producing the food, gold, silver, machinery, and other resources. The Brics Nations have had enough of the US’s bullying tactics and are now standing up against it.

The troubles of banks have not gone away, and the forces outside the US are gaining momentum. France has joined China in dealing with Chinese currency instead of the US dollar, and the Brics Nations are gaining force and momentum. Nixon’s decision in 1971 to take the dollar off the gold standard violated Gresham’s law, which means when bad money enters a system, good money goes into hiding. In 1944, the Bretton Woods agreement violated Triffin’s dilemma, which meant the US had to supply dollars to every central bank throughout the world. This led to the US printing trillions of dollars and promising Saudi Arabia to protect them.

The dollar is now being weaponized against Russia, and the Brics Nations are using their currency to fight against the US. The world is changing rapidly, and it’s important to be cognitively aware of these changes. The US’s problems are not going away, and the Brics Nations are set to take over the global economy.

Violation of Gresham’s Law and Triffin’s Dilemma

As the world shifts away from the US dollar as the global reserve currency, it’s important to understand the violations of Gresham’s Law and Triffin’s Dilemma that have played a role in this shift.

Gresham’s Law states that when bad money enters a system, good money goes into hiding. In 1971, when President Nixon took the US dollar off the gold standard, people started buying more gold, causing good money to go into hiding. This violation of Gresham’s Law has had a lasting impact on the US economy and its global position.

Triffin’s Dilemma, on the other hand, refers to the US’s obligation to supply dollars to every central bank throughout the world. This obligation has led to the printing of trillions, if not quadrillions, of dollars, causing inflation and a loss of confidence in the US dollar as a stable reserve currency.

The Bretton Woods agreement in 1944 established the US dollar as the global reserve currency, but violations of Gresham’s Law and Triffin’s Dilemma have caused a shift away from the dollar as the world’s reserve currency. The emergence of the BRICS nations and their potential announcement of a new gold-backed currency further highlights this shift.

As the world continues to change, it’s important to acknowledge these violations and their impact on the global economy. The US’s position as a credit-based economy and its reliance on printing fake money has led to tensions with other nations, and the emergence of new currencies backed by more stable assets such as gold may further challenge the US’s global position.

The Fall of the Bretton Woods Agreement

You know that the Bretton Woods Agreement, which was established in 1944, made the US dollar the global reserve currency. This meant that other countries could trade with each other using the US dollar. However, this agreement began to fall apart in the 1970s due to Triffin’s Dilemma. This dilemma arose because the US had to supply dollars to every central bank throughout the world, and this required the US to print more dollars than it had in gold reserves.

In 1971, President Nixon took the US dollar off the gold standard, violating Gresham’s Law. This law states that when bad money enters a system, good money goes into hiding. As a result, people started buying more gold, and the US dollar lost its value. The US began printing more fake money, which it spread throughout the world. This led to the US becoming a credit-based economy.

The fall of the Bretton Woods Agreement has had significant consequences for the US and the world. The US has become the big bully in the playground, and other countries have started to gang up on it. The BRICS nations, which include Brazil, Russia, India, China, and South Africa, have announced their new currency, which is expected to be backed by gold. This announcement is set to be made on August 22nd, 2023, at the BRICS meeting in Johannesburg.

The US has been printing fake money and spreading it throughout the world, while the rest of the world has been producing food, gold, silver, machinery, and other goods. The BRICS nations have had enough of this and are set to take down the US. France has already joined China and is dealing with China in Chinese currency instead of the US dollar.

The fall of the Bretton Woods Agreement has led to a war using money. The US has weaponized the dollar against Russia and tried to crush Russia’s economy. The rest of the world is now using money to fight wars, as predicted by Jim Rickards in his book, Currency Wars. The fall of the Bretton Woods Agreement is a significant event that people need to be cognitively aware of, as it will change the world.

The Emergence of the Brics Coalition

You may have heard of the Brics Coalition, which refers to Brazil, Russia, India, China, and South Africa. This group of nations has been gaining momentum and force in recent years, challenging the dominance of the United States as the world’s superpower.

One of the main reasons for the emergence of the Brics Coalition is the dissatisfaction of these nations with the U.S. as the global bully. The U.S. has been printing fake money and spreading it throughout the world, while the rest of the world produces the food, gold, silver, and machinery. The Brics Coalition has had enough and is set to announce their new currency, which is expected to be backed by gold.

This announcement is anticipated to be made on August 22nd at the Brics meeting in Johannesburg. If Jim Rickards, a man who has seen it from the inside, is right, the world is about to change. The Brics Coalition’s new currency could challenge the U.S. dollar as the world’s reserve currency, which was established after World War II in the Bretton Woods agreement.

The emergence of the Brics Coalition violates two basic laws, Gresham’s Law and Triffin’s Dilemma. Gresham’s Law states that when bad money enters a system, good money goes into hiding. Triffin’s Dilemma, which occurred in 1944, meant that the U.S. had to supply dollars to every Central Bank throughout the world.

The Brics Coalition is gaining force and momentum, and more nations, such as France, are joining China in dealing with them in Chinese currency, not the U.S. dollar. The weaponizing of the dollar against Russia has led to a currency war, and the world is changing rapidly. It’s important to acknowledge these events and be cognitively aware of the potential impact they could have on the global economy.

The Civil War Inside the Country

The current state of the US economy has led to a civil war between the rich and the poor. The country’s economic policies have favored the wealthy, leading to an increasing wealth gap and rising poverty levels. The poor are struggling to make ends meet, while the rich are amassing wealth at an unprecedented rate.

This economic divide has led to a political divide, with the poor feeling increasingly disenfranchised and disconnected from the political process. The rich, on the other hand, are using their wealth and influence to shape policy in their favor, further exacerbating the divide.

The Civil War inside the country is not just an economic or political issue. It is a social issue that is tearing the fabric of society apart. The poor are angry and frustrated, while the rich are becoming increasingly isolated from the rest of society.

The current economic policies are unsustainable, and if left unchecked, they will lead to the collapse of the US economy. The government must take action to address the wealth gap and ensure that everyone has a fair chance at economic success.

In conclusion, the Civil War inside the country is a complex issue that requires a multi-faceted solution. The government must take action to address the wealth gap and ensure that everyone has a fair chance at economic success. Failure to do so will lead to the collapse of the US economy and further exacerbate the social and political divide.

Inflation and the Rise of Oil Prices

As the world continues to grapple with the effects of the COVID-19 pandemic, inflation has become a growing concern for many countries. In the United States, the Consumer Price Index (CPI) has risen sharply, with the cost of goods and services increasing at the fastest rate in over a decade. This rise in inflation has been attributed to a number of factors, including supply chain disruptions, labor shortages, and increased demand as the economy reopens.

One of the key drivers of inflation has been the rise in oil prices. The cost of crude oil has surged in recent months, with Brent crude reaching its highest level since 2018. This increase in oil prices has been driven by a number of factors, including supply disruptions, increased demand as economies reopen, and speculation in the futures markets.

The rise in oil prices has had a ripple effect across the economy, with higher fuel costs driving up the cost of transportation and goods. This has led to higher prices for consumers, as businesses pass on the increased costs to their customers.

To combat inflation, central banks have taken a number of measures, including raising interest rates and reducing the supply of money in the economy. However, these measures can have unintended consequences, such as slowing economic growth and increasing unemployment.

In the face of these challenges, it is important for businesses and individuals to be mindful of the risks posed by inflation and rising oil prices. By taking steps to manage costs and reduce their exposure to inflation, they can help to mitigate the impact of these economic challenges on their bottom line.

Weaponizing the Dollar

As the world’s reserve currency, the US dollar was supposed to be neutral and as good as gold. However, since Nixon took the dollar off the gold standard in 1971, the US has been printing fake money and spreading it throughout the world. This has led to the violation of two basic laws: Gresham’s Law and Triffin’s Dilemma.

Gresham’s Law states that when bad money enters a system, good money goes into hiding. In 1971, when Nixon took the dollar off the gold standard, people started buying more gold. Triffin’s Dilemma, on the other hand, happened in 1944 at the Bretton Woods agreement in New Hampshire. The world agreed to trade in US dollars, and everything was fine until the US had to supply dollars to every central bank throughout the world. This led to the printing of trillions and probably quadrillions of dollars.

Weaponizing the dollar means using it against other countries. The US has weaponized the dollar against Russia, trying to crush its economy. The US has also weaponized the dollar by promising Saudi Arabia that it would protect them and then weaponizing the dollar against them. This has led to the Saudis joining Russia’s side in a coalition called BRICS, which stands for Brazil, Russia, India, China, and South Africa.

The BRICS nations are set to announce to the world their new currency, which is anticipated to be backed by gold. This announcement is expected to be made on August 22nd at the BRICS meeting in Johannesburg. This could lead to the US losing its status as the world’s reserve currency and could have significant implications for the global economy.

In conclusion, the US has been the big bully in the play yard, printing fake money and spreading it throughout the world. However, the rest of the world has had enough and is ganging up on the US. The weaponization of the dollar has led to the violation of basic laws and could lead to significant changes in the global economy. It is essential to be cognitively aware of these events as they could have a significant impact on the world.

The Future: Hyperinflation, War, and Starvation

As Jim Rickards pointed out, the world is rapidly changing, and the reasons behind the banks running into trouble have not gone away. The forces outside the country, being the BRICS nations, are set to announce their new currency, which is expected to be backed by gold. This announcement is set to be made on August 22nd at the BRICS meeting in Johannesburg.

The US has been the big bully in the playground for a long time, but suddenly, all the other kids are saying, “well, you’re not going to be the bully anymore. We’re going to gang up on you.” This is what the BRICS are doing. They are saying, “We’re going to take you down, bully.”

The US has been a credit-based economy, which means that it prints fake money and spreads it throughout the world. However, the rest of the world is actually producing the food, gold, silver, machinery, and all other materials. Finally, the rest of the world said enough is enough.

There is a Confluence of events that are coming together at the same time, and it’s important to acknowledge the fact that the world is about to change. If Jim Rickards is right, America has pissed off the rest of the world, and hyperinflation, war, and starvation are on the horizon.

The weaponizing of the dollar means that the dollar is being used against other countries, like Russia. The US is dealing in fake money, which is like toilet paper, and the rest of the world is saying enough of this trash. The US takes their materials and production and sends them fake money in return.

Civilization runs on energy, and when Biden made energy so expensive and weaponized the dollar, he basically screwed the world and America on top of it. The future looks bleak, and it’s important to be cognitively aware of what’s happening because the world is changing fast, like a toilet paper roll going faster and faster.

The Role of Energy in Civilization

Energy plays a critical role in the development and progress of civilization. As you know, energy is the driving force behind almost everything we do, from powering our homes and businesses to fueling our transportation systems. Energy is essential for the production of goods and services, and it is a vital component of economic growth.

Civilization runs on energy, and without it, progress would be impossible. The availability and affordability of energy sources have a significant impact on the development of nations and their economies. As you may have heard, the world is currently undergoing a significant shift in energy production and consumption patterns.

The traditional sources of energy, such as oil, coal, and natural gas, are being replaced by renewable energy sources, such as solar, wind, and hydropower. This transition is driven by concerns over climate change and the finite nature of fossil fuels. However, the transition to renewable energy sources is not without its challenges.

One of the main challenges of renewable energy is its intermittent nature. Unlike traditional sources of energy, renewable energy sources are dependent on weather conditions and can be unpredictable. This makes it difficult to ensure a stable and reliable energy supply. Additionally, renewable energy sources require significant investment in infrastructure and technology, which can be costly.

Despite these challenges, the transition to renewable energy sources is necessary to ensure a sustainable future for civilization. The world must work together to develop and implement new technologies and infrastructure to support the transition to renewable energy sources.

In conclusion, energy is a critical component of civilization, and the transition to renewable energy sources is necessary for a sustainable future. The world must work together to overcome the challenges of renewable energy and ensure a reliable and stable energy supply for future generations.