The 2024 BRICS Summit has expanded with new members, aiming to reshape the global monetary system and diminish the US dollar\u2019s dominance. As Russia and China make significant moves, discover how these developments pose a direct threat to the dollar and what you can do to protect your wealth.<\/p>\n
CHAPTERS:<\/p>\n
00:00 – Introduction: The 2024 BRICS Summit<\/p>\n
00:34 – BRICS Expands: New Members and Global Impact<\/p>\n
01:45 – Petro-Dollar Under Threat<\/p>\n
03:31 – Gold Prices Soaring: A Warning Sign?<\/p>\n
04:40 – Exporting Inflation and Global Pushback<\/p>\n
05:53 – BRICS Pay: A New Financial System<\/p>\n
06:30 – Central Banks Stockpiling Gold<\/p>\n
08:03 – Protect Your Wealth with Silver and Gold<\/p>\n
TRANSCRIPTION:<\/p>\n
00:00<\/b><\/p>\n
The United States government continues to tell us that there is no threat to the dollar and that Russia is isolated, while the media continues to downplay the 2024 BRICS Summit happening right now under Russia\u2019s chairmanship. But do not be fooled by this narrative, because if you have seen any of the video footage coming out of Russia, it is clear that this is a leader who is not isolated and a country that is making big moves against the West.<\/p>\n
00:34<\/b><\/p>\n
Hi everyone, thank you for being here. Today marks the third and final day of the BRICS Block 2024 Summit. What started as a handful of five countries creating an economic alliance has now doubled in size for membership, with countless countries requesting to join. Today, we have over 30 countries involved in this summit, with leaders from all over the world laser-focused on trying to figure out how they can create a new world order through a new financial system. Yes, this is squarely focused on how these countries can come together and end the dollar\u2019s supremacy. This is because, for decades, the United States has been weaponizing the dollar against these countries, using it as a way to push US policy. And whether or not you agree with the United States\u2019 political stance on various issues or how they\u2019ve used the dollar, one thing has become clear: if these countries do not band together and create a new path forward, then they are going to be left behind.<\/p>\n
01:45<\/b><\/p>\n
The fascinating part about all of this is that the countries in the BRICS alliance represent half of the world\u2019s population and a growing percentage of GDP. They have the majority of landmass and therefore the majority of natural resources. Now, the media will continue to tell us that they will never band together, that it won\u2019t work, that there are too many issues and political divides between the countries. But this week\u2019s summit is proving otherwise. We\u2019ve already seen different countries reconciling, including China and India, who had a falling out in 2020 and this week decided to put aside their differences and come to a border agreement deal\u2014something that\u2019s being celebrated in India and China and is seen as a huge step forward in the BRICS Block Alliance.<\/p>\n
02:19<\/b><\/p>\n
But that\u2019s not all. We\u2019re also seeing India\u2014I see here from Barron\u2019s\u2014Xi Jinping holds talks with Iran\u2019s Raisi at the BRICS Summit. So right here, we have the leaders of China and Iran coming together and holding private discussions. Now, this comes on the heels of Putin and the UAE President also having private discussions. As a quick reminder, a large reason why the US dollar has remained the global reserve currency is because of the petrodollar agreement, which says that all oil will be priced in dollars. Now, should this crack\u2014should oil start to be priced in other currencies, or there\u2019s a move away from the dollar\u2014this would be huge. Because the less demand there is for dollars, the less value there is for dollars, which means that our standard of living, our quality of living in the United States would deteriorate rapidly.<\/p>\n
03:31<\/b><\/p>\n
Now, there\u2019s a reason that, again, our government and the media keep telling us that this won\u2019t happen. They don\u2019t want anyone to be scared, and they don\u2019t want anyone to go outside of the system. But there is a reason that this week, gold prices continue to hit record highs. Gold is telling us something. Yes, there is the war in the Middle East, so we know that there is increasing geopolitical conflict happening. We are also seeing this BRICS Summit happening, and people are concerned about the current financial system. If we stay in the financial system as it is today, our days are numbered. It is clear, based on the amount of debt that we continue to create, that the dollar\u2019s value has eroded. Right? In the last couple of years, we\u2019ve lost 25% of our purchasing power.<\/p>\n
04:09<\/b><\/p>\n
Well, you might have asked yourself at some point, how is it possible that we have so much debt and it\u2019s only been in the last couple of years that we lost this purchasing power? Yes, we printed more in a shorter period of time, but there is another reason. When you look at the US dollar, part of the reason why we\u2019ve been able to create so much of it, so much currency, and not have inflation just be sky-high for years and years and years is because of the fact that everyone globally uses the dollar. It is our number one export. So because the demand for dollars is so high, it masks the amount of currency we\u2019re creating. It essentially means we are able to export our inflation onto the rest of the world, which is another reason why these countries are getting together and saying, \u201cThis isn\u2019t fair. We want a seat at the table. We want to create our own rules, and we don\u2019t want to be beholden to the United States in something that benefits the US but not the rest of the world.\u201d<\/p>\n
05:17<\/b><\/p>\n
Which is, again, why a lot of people are actually rooting for BRICS. Now, here in the United States, you might look at this and think, \u201cThat makes sense,\u201d but the concern for the average American is, if you have dollar or dollar-denominated assets, you are at risk. You\u2019re at risk of losing your savings, you\u2019re at risk of losing your purchasing power, your retirement\u2014all of those things. Because once this happens, as BRICS becomes more successful, and we know this week they launched BRICS Pay, a new financial system that completely sidesteps Western technology and allows these countries to facilitate trade in their local currencies, we know that this means there\u2019s going to be less utilization of the dollar. And as the dollar continues to lose its value, what eventually happens in countries where there\u2019s hyperinflation? Well, that\u2019s when we see a currency reset.<\/p>\n
\n05:53<\/b><\/p>\n
Often, a lot of people talk about resets back to the value of gold\u2014gold being true money, whereas all this fiat currency is just made up. It\u2019s just a piece of paper. Now, who is buying gold in record quantities? BRICS. The BRICS block countries. China has been one of the largest buyers of gold. Their central bank has been buying gold in record quantities. Now, maybe they\u2019re preparing for a future where there is a BRICS currency that\u2019s gold-backed. I know a lot of people have speculated that. There hasn\u2019t been much chat of that coming out of this week, although the summit\u2019s not over yet, so there could be new developments. But more likely, they are preparing, moving away from the dollar, and preparing to have true money reserves. Because this is what\u2019s going to set them up in a position of power. As the dollar fails, they will be ready.<\/p>\n
06:30<\/b><\/p>\n
And I keep saying to everyone out there who\u2019s watching, we need to be taking notes. There\u2019s a reason that these central banks, who are preparing to move away from the dollar, are choosing to stock up on gold. It\u2019s because as the financial system crashes\u2014because we know, again, that the days of the current system are numbered\u2014as that system crashes, as the dollar loses its value, the people who are going to hold true wealth, true money, are those who are going to hold silver and gold. Gold is going to be the way that you protect your wealth and set yourself up on the other side. Silver is what you\u2019re going to use for your day-to-day purchases. And this is why it\u2019s so important to have a strategy in place now.<\/p>\n
07:33<\/b><\/p>\n
Because everyone\u2019s focused on the election, everyone\u2019s looking at what\u2019s coming next right here on US soil, and not to say it\u2019s not important, but there are other things going on in the world that our media doesn\u2019t want you to focus on, and our government is going to tell you aren\u2019t important. But do not be fooled because big moves are happening, and it\u2019s only the beginning. I believe that we can expect to see new members in the BRICS block coming out soon, as well as new developments on the payment system that are going to tell us a lot more. So I am going to continue to bring you the latest on this.<\/p>\n
08:03<\/b><\/p>\n
But in the meantime, if you are trying to figure out, \u201cOkay, this is concerning to me, what do I need to do today to protect myself?\u201d that\u2019s where I would tell you to make sure you have a strategy in place that involves silver and gold. Because, again, if it\u2019s all in the system, if you\u2019re working with your current financial advisor or someone who only knows how to operate within the system, well then you\u2019re going to lose everything. So I highly recommend you talk to one of our expert analysts. They have decades of experience in helping people just like you with these types of topics, with understanding currency life cycles, what\u2019s going on outside of the system, and how you can protect yourself.<\/p>\n
09:09<\/b><\/p>\n
So if you haven\u2019t already talked to one of our analysts, you can either click the link below in the description and set up a time that works for you, or you can call us at the number at the bottom of your screen. Either way, just make sure that you have a plan in place because I truly believe that as all this continues to pick up momentum, there are going to be a lot of people out there who knew this was coming, didn\u2019t take action, and regretted it. And that\u2019s not what I want for you. So that is my wish.<\/p>\n
09:40<\/b><\/p>\n
And again, I will continue to keep you updated. I know a lot more is going to be coming out, so let me know your thoughts in the comments below. What other questions do you have? What else would you like to see me talk about as it pertains to BRICS, the dollar, and how you can protect yourself? And in the meantime, thank you again so much for being here. I\u2019m Taylor with ITM Trading, your trusted source for all things gold, silver, and lifelong wealth protection. Until next time.<\/p>\n","protected":false},"excerpt":{"rendered":"
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