The World Is Watching & Waiting On BRICS Summit...Oct 22-24.

[Luigi1]

Here's an article of Dinarian interests...

The world is dumping USD.

Treat as a rumor.  Not verified.  Your opine.

 

 

MikeCristo8:        The World is Dumping USD.

ARTICLE:  Many do not understand gold & silver rising (in price).

The world is dumping Dollars which is driving gold & silver price higher.

Gold & silver are detaching themselves from the Dollar credit system at this moment as the BRICS system launches.

 

Russia has been buying silver all along.

 

They just chose to announce to the world.  Bold statement: gold & silver have already detached from the Dollar.

If the United States had their gold...You would see banks massively writing down their balance sheets.

 

That’s not happening.

 

 

 

LUIGI'TWO CENTS WORTH:

For decades the US has dominated the global gold & silver prices.

That's why gold was at $35 oz & silver at $9 an oz for decades.

Gold & silver all the sudden shoots up in values due to the detachment away from the USD.

The USD Ofically dies after the BRICS Summit 22-24 Oct, officially ends.

The new BRICS currency called the UNIT will become the prime global currency of preference.

The US missed the boat due to it's slow response to gold, silver, oil & minerals asset backed currency.

The FIAT Dollar era has ended even if the USD goes gold backed.

It's too little, too late to get in on the ground floor.

We can only hope China-Russia will be merciful & allow the US to become a team player in the future of the global economy.

IMHO.

 

[southbeach]

What about the Strategic Framework Agreement?

[Luigi1]

15 minutes ago, southbeach said:

What about the Strategic Framework Agreement?

 

China hijacked E.O. 13303 thanks to China Joe.  OBiden sold US out to China.

China didn't give all those kickbacks to OBiden because they like him...they are demanding repayment in full.

BRICS will be in full control of the GCR-RV-RI.

Watch very close, the economic events after BRICS Summit.    IMHO.

[Luigi1]

22 minutes ago, southbeach said:

What about the Strategic Framework Agreement?

 

Iraq just announced plans to go BRICS.

This would make the Strategic Framework null & void.

Good luck getting China to pay up the cost of the war that was supposed to pay for itself.

[kelsguy1113]

Putin says BRICS, not the West, will drive global economic growth

By Gleb Bryanski and Vladimir Soldatkin

October 18, 20248:49 AM MDTUpdated a day ago

 

Item 1 of 4 Russian President Vladimir Putin attends the BRICS Business Forum in Moscow, Russia October 18, 2024. Alexander Zemlianichenko/Pool via REUTERS

 

• Putin sees BRICS as counterweight to the West
• Says BRICS is 'open' to admitting new members
• BRICS to focus on boosting use of national currencies
• Talk of BRICS common currency is 'premature'

MOSCOW, Oct 18 (Reuters) - The BRICS group will generate most of the global economic growth in the coming years thanks to its size and relatively fast growth compared with that of developed Western nations, Russian President Vladimir Putin said on Friday.

Putin hopes to build up BRICS - which has expanded to include Egypt, Ethiopia, Iran and the United Arab Emirates as well as Brazil, Russia, India, China and South Africa - as a powerful counterweight to the West in global politics and trade.

The Kremlin leader is due to host a BRICS summit in the Russian city of Kazan on Oct. 22-24.

"The countries in our association are essentially the drivers of global economic growth. In the foreseeable future, BRICS will generate the main increase in global GDP," Putin told officials and businessmen at BRICS business forum in Moscow.

"The economic growth of BRICS members will increasingly depend less on external influence or interference. This is essentially economic sovereignty," Putin added.

Next week's summit is being presented by Moscow as evidence that Western efforts to isolate Russia over its actions in Ukraine have failed.

Russia wants other countries to work with it to overhaul the global financial system and end the dominance of the U.S. dollar.

China, India and the UAE confirmed on Friday that their leaders would attend the summit in Kazan.

'DOORS ARE OPEN'

Putin said 30 countries around the world had expressed interest in cooperation with the BRICS grouping and that next week's summit would consider possible options for the group's further enlargement.

"The doors are open, we are not barring anyone," Putin told reporters from BRICS countries .

Putin cited some of the initiatives that Russia has previously outlined ahead of the summit, including a joint cross-border payments system and a reinsurance company.

Putin said that group members were working on a SWIFT-like financial messaging system immune to Western sanctions and the use of national digital currencies in financing investment projects with high growth potential inside and outside BRICS.

He stressed that Russia's financial initiatives for the summit implied the extensive use of national currencies, while talk of creating a single currency for the BRICS grouping was "premature".

He called on the New Development Bank, the BRICS' only functioning multilateral development institution, to invest in technology and infrastructure across the countries of the Global South.

"As a development institution, the bank already serves as an alternative to many Western financial mechanisms, and we will naturally continue to develop it," Putin said. He called for more investment in e-commerce and artificial intelligence.

 

Putin sought to promote Russia's new transport megaprojects such as the Arctic Sea Route and the North-to-South corridor, linking Russia to the Gulf and Indian Ocean through the Caspian Sea and Iran.

"It is the key to increasing freight transportation between the Eurasian and African continents," he said.

 

Putin says BRICS, not the West, will drive global economic growth | Reuters

[kelsguy1113]

according to Reuters, a common currency will not come out of this summit. Who knows for sure.

[southbeach]

I read they’re shooting for 2027

[Luigi1]

Here's another article related to the above...

 

 

Militia Man:     Crossing the T & dotting the I...finalizing reform.

ARTICLE:  The evidence is abundant.  Iraq is finalizing her reforms.  With what?  The support of American partnerships especially with large economic reforms and financial aspects in Iraq…These things are going to be linking the East to the West and they told you, via what?  Iraq’s Development Road Program.  They’re going to need the freedom of capital movement.  That’s going to be the Real Effective Exchange Rate.