BRICS ANNOUNCES NEW WORLD RESERVE CURRENCY AS AMERICA COMMITS ECONOMIC SUICIDE BY GREG REESE – https://www.bitchute.com/video/qIvNWF4QwqbC/
Russia has released the first images of the BRICS currency to be released, causing shock in the West and concern in the US. This move is equivalent to a “nuclear blow” to the dollar and the global financial system.
The BRICS currency was unveiled at a ceremony to celebrate the UAE’s admission to the BRICS+ bloc in South Africa!
Information indicates that especially the UAE and Saudi Arabia are celebrating the development as the currency will be linked to oil (natural resources) and this means for the states a disconnection from the dollar and American hegemony.
The atmosphere is more than triumphant.
The move to a gold-backed trading currency will undermine the dollar’s purchasing power, leading to higher oil and gas prices, particularly as depleted Western reserves need to be replenished ahead of the northern hemisphere’s winter months.
We remind you that the BRICS group initially invited Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates to join the bloc.
New members will be officially accepted on January 1, 2024.
UAE to witness ‘growing enthusiasm’ for investment opportunities after BRICS invite
— i24NEWS English (@i24NEWS_EN) September 7, 2023
'The UAE has been actively working on diversifying its economy, away from oil dependency. The other reason is geo-political influence,' @Najat_AlSaeed explains#MiddleEastNow | @laura_i24 pic.twitter.com/5iQVgHgn59
Russian Ambassador: This is the currency of BRICS!
An important event took place during the meeting of the Russian diplomat with the UAE Ambassador Mahash Saeed Al Hameli.
The Russian ambassador to the Republic of South Africa, Ilya Rogachev, presented the 100 BRICS coin for the first time.
The Russian ambassador handed over this banknote to his UAE ambassador on the occasion of the Middle Eastern state’s accession to BRICS.
It is emphasized that the 100 BRICS banknote was printed in Russia.
On one side of the banknote are the flags of the five BRICS countries, while on the reverse side are the symbols of the countries included in the block.
It is not yet known exactly when the BRICS single currency will be launched, but all information indicates that this will happen very soon.
According to economists, the introduction of a single BRICS currency will significantly weaken the role of the dollar in world trade.
What the Iranians are reporting
The Russian Ambassador to South Africa presented the 100 BRICS banknote to the UAE Ambassador in Pretoria, Iran’s IRNA news agency reported.
The Iranian news agency notes that the note was displayed on Tuesday afternoon during a ceremony at the UAE embassy in South Africa.
The banknote also bears the inscription “BRICS New Development Bank” and lists both the members of the organization and all prospective members.
Look at the two pictures
End of dollar hegemony – Currencies not pegged to gold are now ‘bubbles’
According to commodity market expert Alasdair Macleod, gold reserves need to cover the issuance of banknotes.
With gold bullion having migrated eastwards in huge quantities in recent decades, there is little scope for the western alliance and its sphere of influence to back their own currencies.
All the jitters coming from the emerging economic axis of Russia and China are leading to a new gold-linked trade settlement currency proposed at the BRICS summit in Johannesburg.
Until the details are revealed, all we can conclude is that Russia is leading this venture suggested by Sergei Glazyev.
The gold of Russia
Officially, Russia has monetary gold reserves of 2,302 tons. But in addition, there are unknown amounts of gold that are kept in the State Treasury of Russia and the State Fund for Precious Metals. These two funds are said to contain an additional 10,000 tonnes between them, bringing Russian state holdings to over 12,000 tonnes.
Whatever the actual number, it is likely that Russia has more gold to print money with than the US government’s 8,133 tons, which is unverified and rumored to be wildly overstated.
In an article for the Moscow newspaper Vedomosti last December Sergei Glazyev wrote that,
“Large gold reserves allow Russia to pursue a foreign economic policy and minimize dependence on external creditors.
The amount of gold reserves affects the country’s reputation, creditworthiness and investment attractiveness.
Large reserves allow you to plan the state budget for a long time by buying a lot of economic and political risks.
Glazyev is known to have similar views to Putin, which is probably why he was appointed to head the Eurasian Economic Union committee.
And the minutes of this state strongly indicate that gold is the basis of commercial arrangements.
Glazyev is also the driving force behind the boosted Moscow gold exchange.
And the Russian gold mine’s production at 325 tonnes is planned to be boosted. It was the second best after China’s 375 tonnes last year.
A great moment for #Ethiopia as the BRICS leaders endorse our entry into this group today. Ethiopia stands ready to cooperate with all for an inclusive and prosperous global order. pic.twitter.com/BPspm8C0jm
— Abiy Ahmed Ali 🇪🇹 (@AbiyAhmedAli) August 24, 2023
🇮🇷 | The Islamic Republic of Iran became a member of "BRICS". Permanent membership in the group of global emerging economies is considered a big step for the foreign policy of the Islamic Republic. pic.twitter.com/KMAhjKZzFM
— Government of the Islamic Republic of Iran (@Iran_GOV) August 24, 2023
Inviting Egypt to join the BRICS confirms its growing role in the global economy & its ability to contribute to formulating a more inclusive & just int’l economic system that takes into account the interests & contributions of the emerging economies & peoples of Global South pic.twitter.com/16PMtW9yOj
— Egypt MFA Spokesperson (@MfaEgypt) August 24, 2023
The Tribulation is commencing..
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