Topic: Brics De Dollarization

Vladimir Putin and the BRICS nations are actively moving to de-dollarize the global economy, with 90% of their settlements now occurring outside the US dollar. This shift was accelerated by the Biden administration's decision to remove Russia from the Swift banking system. Larry Fink of BlackRock is described as supporting the transition to a cashless society and increased global debt.

The BRICS nations are amassing thousands of tons of gold to facilitate de-dollarization and establish a new global payment system. Under the Basel III accords, gold is now considered a "Tier One" asset, and there are moves to make it a "High Quality Liquid Asset" (HQLA) for use in the repo market. This shift allows nations to use gold for international payments, bypassing the US dollar and creating unprecedented demand for physical bullion.

The Trump administration's foreign policy focuses on preserving the U.S. dollar as the global reserve currency by countering the BRICS nations' de-dollarization efforts. George Papadopoulos argued that 125% tariffs on Chinese goods and strategic alliances with India are successfully repatriating manufacturing to the West. The economic pressure has reportedly forced China into a defensive posture as its domestic economy slows.

Dr. Kirk Elliott breaks down the recent BRICS summit in Kazan, Russia, where Vladimir Putin announced an "irreversible" move toward de-dollarization. The BRICS nations unveiled a new common currency unit, reportedly 40% backed by gold, which aims to circumvent the U.S. dollar and the SWIFT banking system.

The upcoming BRICS summit in Russia is identified as a pivotal moment for the launch of a new common currency backed by gold. Vladimir Putin's goal of de-dollarization is discussed alongside the expansion of BRICS to include nations like Saudi Arabia, Iran, and Egypt. The launch of the BRICS Pay app is highlighted as a competitor to Western payment systems like SWIFT.

The discussion turns to future threats against Donald Trump, with Mike Adams warning that the deep state may escalate to "area effect weapons" like truck bombs. They also analyze the global economic shift as BRICS nations move away from the U.S. dollar. The Houthi attacks in the Red Sea are cited as evidence of waning U.S. naval and economic dominance.

The host and guest discuss how US economic sanctions have backfired, accelerating the global move toward de-dollarization. They argue that the BRICS nations, representing over 50% of the world's population, are successfully creating an alternative to the dollar-based financial system. This shift is expected to lead to sustained inflation in the United States as the dollar's global demand shrinks.

The discussion covers the acceleration of de-dollarization by the BRICS nations (Brazil, Russia, India, China, South Africa). Elliott explains how US sanctions have backfired, pushing Russia and China to create a rival financial power center. He notes that the Bank of China's Russian division has recently suspended some operations to avoid secondary US sanctions, further complicating global trade.

Kim Dotcom joins the show to discuss the global financial crisis and the rise of BRICS as a challenge to U.S. hegemony. He argues that the U.S. is functionally bankrupt with $316 trillion in combined debt and unfunded liabilities. Dotcom explains that the move toward de-dollarization by Russia, China, and Saudi Arabia is the "Achilles heel" of the United States, as it removes the ability to print money on the backs of other nations.

Turkey's potential entry into the BRICS alliance represents a significant geopolitical shift, as it possesses the largest conventional army in Europe and is a key NATO member. Vladimir Putin's strategy to de-dollarize the global economy is gaining momentum as more nations move to trade in local currencies. This transition is viewed as a direct challenge to Western financial hegemony and a precursor to a gold-backed BRICS currency.

The segment details how the weaponization of the US dollar against Russia has accelerated the "de-dollarization" of the global economy. The BRICS nations (Brazil, Russia, India, China, South Africa) are developing alternative payment systems like CIPS to bypass the SWIFT network. Dr. Kirk Elliott predicts that the shift of economic power from the West to the East is permanent and will lead to higher interest rates in the US.

The segment explores how BRICS nations are actively de-dollarizing the global economy. Dr. Elliott suggests that US leaders are inadvertently (or intentionally) pushing nations toward BRICS by using sanctions and attacking Russia. He also notes that Bill Gates and China are buying up farmland, recognizing that food will be the ultimate currency in a post-collapse world.

The discussion covers the geopolitical consequences of U.S. lawfare, including Saudi Arabia and India decoupling from the U.S. dollar. Domestically, the focus shifts to Fulton County DA Fani Willis and allegations of perjury regarding her relationship with prosecutor Nathan Wade. Barnes claims the Georgia case against Trump is a distraction from the court's failure to hear Trump's original 2020 election contest.

Vladimir Putin and the BRICS nations (including new members Saudi Arabia and Iran) are actively de-dollarizing the global economy, with 70% of the world's population now trading in non-dollar currencies. This shift threatens the U.S. dollar's status as the world's reserve currency and the petrodollar system. The UN and BIS have set a September 2024 deadline for a "Pact for the Future" to implement a unified ledger for all global assets.

Mike Adams explains that Israel's survival is intrinsically tied to the strength of the U.S. dollar, which he claims is "going to zero." As BRICS nations like Saudi Arabia move away from the dollar, the U.S. will lose its ability to financially and militarily support Israel. Adams warns that if Israel does not learn to get along with its neighbors, it will be left defenseless when the American empire collapses economically.

The BRICS nations are pursuing a long-term strategy of de-dollarization, which is accelerated by US support for the conflict in Gaza. Critics argue that the US should leverage its military aid to hold Israel accountable, comparing the current relationship to a friend trying to stop another from "driving drunk" on arrogance.

Representative Matt Gaetz defends his motion to vacate the speakership, citing the $33 trillion national debt and the global trend of de-dollarization led by the BRICS nations. Gaetz dismisses claims that his actions were motivated by a House Ethics Committee investigation, asserting that he is the most investigated man in Congress. He argues that the House must return to single-subject spending bills to prevent a total economic collapse.

The Federal Reserve is expected to raise interest rates by 25 basis points, a move the host predicts will temporarily weaken gold prices. However, a long-term "Death of the Dollar" is forecast as nations like Brazil, India, and China move away from the U.S. currency for international trade. Gold is predicted to skyrocket above $2,200 an ounce once the Fed begins lowering rates to stimulate the economy before the election.