Topic: Brics Gold

The United States is facing an imminent financial collapse as the global debt reaches $37 trillion and the dollar loses its status as the world's reserve currency. Colonel McGregor points to the Shanghai Cooperation Council as the foundation for a new financial system backed by gold and minerals. He warns that bankruptcy may be the only factor that prevents the U.S. from entering a major war in Asia or Europe.

The potential success of the BRICS nations in de-dollarizing the global economy is predicted to lead to an inflationary crisis and runs on American banks. Kirk Elliott advises moving assets out of traditional banking and into tangible goods like gold and silver, which have no counterparty risk. He notes that the supply of physical silver on the COMEX is running low while industrial demand remains sky-high.

Vladimir Putin and the BRICS nations aim to de-dollarize the global economy by backing a common currency with gold. Donald Trump counters this by proposing reciprocal tariffs and potentially backing the U.S. dollar with gold reserves. Dr. Kirk Elliott notes that according to the U.S. Debt Clock, gold should be valued at over $12,000 an ounce based on the M3 money supply.

The host recounts childhood memories of his uncle, a high-level Federal Reserve manager, discussing the disappearance of U.S. gold after Nixon ended the gold standard in 1971. Current market data shows a massive influx of gold into the U.S. Treasury from London, suggesting Trump may be preparing for a "re-dollarization" backed by gold. This move would potentially neutralize the BRICS currency threat and address the $35 trillion national debt.

Three of the largest commercial banks in China have reportedly begun blocking gold purchases by their citizens. Dr. Kirk Elliott interprets this as a move to prevent people from holding private assets outside of the upcoming digital currency systems. Despite this, the Chinese government continues to mine and stockpile gold to back a potential new BRICS currency, indicating they want the state, not the people, to hold the wealth.

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 new BRICS currency unit, launching in late October 2024, will be a basket of currencies weighted 40% by gold. This institutional demand is expected to drive gold to $3,000 and silver to $50 by the end of the year. Dr. Kirk Elliott warns that a failure of a major US bank could trigger a contagion effect similar to the Silicon Valley Bank collapse but on a much larger scale.

The upcoming BRICS summit in Russia is identified as a pivotal moment for the global shift away from the US dollar. General Flynn warns that a gold-backed Central Bank Digital Currency (CBDC) system is being prepared to replace the dollar in global trade. He references Executive Order 14067 as the Biden-Harris administration's framework for implementing a similar digital system in the US.

China has announced a massive 500 billion yuan stimulus package and lowered mortgage rates to combat a deepening economic depression. This news caused silver prices to surge over 4% in a single day, surpassing $32 an ounce. Tensions within the BRICS nations are noted as India pulls away from trade deals with China.

Jason Fick joins the show to discuss a massive First Amendment lawsuit against the U.S. government and big tech companies. Meanwhile, gold prices hit an all-time high of $2,630 as nations like Saudi Arabia and China prepare for the rollout of a BRICS currency. The "unit" currency is expected to be backed by gold and a basket of national currencies.

Gold reaches a new record high of $2,656 as the BRICS nations prepare to roll out a decentralized digital currency called the "unit." This currency is rumored to be backed 40% by gold and 60% by a basket of national currencies. Unlike the U.S. dollar, the unit system is designed to be impossible for any single nation to counterfeit.

Saudi Arabia's central bank was reportedly caught secretly purchasing 160 tons of gold in Switzerland, signaling a shift toward the BRICS economic bloc. Simultaneously, the Bank for International Settlements (BIS) has launched "Project Agora," a unified ledger system involving 40 major financial institutions. This project aims to tokenize all assets, creating a programmable monetary system that critics warn will lead to the total loss of financial privacy and the implementation of a "mark of the beast" style control grid.

Central banks worldwide are divesting from the U.S. dollar and purchasing gold in anticipation of a global conflict and the potential weaponization of the SWIFT system. Martin Armstrong recommends that individuals hold physical gold and pre-1964 silver coins as a hedge against a domestic currency collapse. He notes that the BRICS nations are actively creating an alternative financial system to bypass Western sanctions and debt obligations.

Klaus Schwab's "Great Reset" was described as a strategy to use economic shocks to force the public into a centralized digital control grid. Countries like Australia, New Zealand, and Indonesia are reportedly moving forward with "Real ID" and digital currency systems. Dr. Kirk Elliott emphasized that China is accumulating 30,000 tons of gold to back its digital currency, creating a "dangling carrot" to lure other nations away from the U.S. dollar.

The expansion of the BRICS nations is cited as a sign of the declining hegemony of the U.S. dollar. Gerald Celente forecasts that gold could hit $3,000 an ounce as geopolitical tensions escalate in Ukraine and the Middle East. He announces an "Occupy Peace" rally in Kingston, New York, featuring speakers like Scott Ritter and Judge Napolitano to advocate for an end to global conflicts.

Russia has legalized Bitcoin for international trade to bypass Western sanctions and the SWIFT system. The BRICS nations are reportedly developing a new currency backed by 40% gold, creating an "honest ledger" that cannot be counterfeited or weaponized. As major producers like Saudi Arabia and Turkey move toward this system, the U.S. dollar is predicted to lose its status as the world's primary reserve currency.

The BRICS nations, led by Russia and China, are actively working to "de-dollarize" the world by trading oil in local currencies. China has reportedly amassed over 30,000 tons of gold to back a new digital currency. Dr. Kirk Elliott explains that this move is designed to destroy Western banks like JP Morgan, which hold massive "naked short" positions in silver.

Turkey has expressed a desire to join the BRICS nations, a move that would significantly accelerate the global shift away from the US dollar. The BRICS bloc is reportedly working on a gold-backed currency and plans to peg oil prices to gold rather than the dollar. This strategy aims to dismantle Western economic hegemony by leveraging the natural resources and manufacturing power of the East.

Russian economists are proposing a new system to peg one barrel of oil to one gram of gold, effectively bypassing the US dollar in energy markets. China is reportedly encouraging its citizens to purchase silver as a tactical move to trigger a short squeeze against Western banks. These developments suggest a coordinated effort by the East to dismantle the Western banking system through commodity-backed trade.

Economic disruption is predicted to lead to social unrest and potential martial law scenarios ahead of the 2024 US election. As the US depletes its strategic oil reserves, it becomes increasingly dependent on OPEC and BRICS nations for energy. The global power shift from West to East is expected to culminate in the BRICS nations controlling global trade benchmarks through gold and oil.