Topic: Kazan

2 chapters across the catalog

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 Kazan, Russia, is identified as a major turning point for the global economy. Dr. Elliott explains that the bloc is developing the "Enbridge" platform and "SIPS" to replace the Western SWIFT system. He warns that the addition of OPEC nations to BRICS will accelerate the de-dollarization of the world, leaving the US dollar without its traditional demand.