It is far more deadly but also almost completely hidden from the American public. And while the mass media does not report on it, this new global conflict poses the biggest threat to the US economy and the American way of life as we’ve known it for decades.
By my calculations, this crisis will reach its climax in late 2023, and if we are not on the winning side by then, America will simply stop being a world superpower.
If you’ve been watching the news, it’s probably no secret that China and Russia have recently pledged a friendship “without limits”. Weeks after that Russia invaded Ukraine, but their friendship is not about that war. They’re aiming much…much higher.
As you may also know, both countries are part of something called the BRICS, which is an increasingly cohesive geopolitical bloc that also contains India, Brazil, and South Africa. Their governments meet annually at formal summits and coordinate multilateral policies.The BRICS already accounts for 25% of the world’s GDP, so they matter. And that GDP figure is expected to increase to 50% by 2030, even if they don’t take on new members.
Expanding BRICS will immediately accelerate the process, and expanding they are.
In the wake of the latest BRICS summit held in June 2022, Algeria, Argentina, and Iran have applied to join the organization, and in the following month, we learned that Egypt, Saudi Arabia, and Turkey also expressed interest in becoming members.
All those countries can prove important new members of the BRICS, but one will prove key – Saudi Arabia.
The Saudi Kingdom has been vital in creating and maintaining the petro-dollar system ever since the 1970s.
They were and officially still are our allies in the middle east.
But this ally is about to be a turncoat, and it will spell disaster for the dollar.
Make no mistake: the dollar is the biggest economic bubble there’s ever been. When it implodes, it will be terrible beyond words for the US. The dollar supply would far and away exceed demand. And all that inflation we’ve been exporting for decades will come back with a vengeance.
The way it starts is with the US losing control of the oil markets.
China has also been heavily courting the Saudi Kingdom, investing more than in any other Arab country, and giving them everything they want from weapons to technology. When President Xi visited the country last year, he was received with the greatest fanfare, unlike President Biden whose pleas for higher oil production fell on deaf ears.
As the biggest importer of Saudi oil, China has already gotten them to sell part of their oil in yuan instead of dollars. Nigeria, another OPEC country is doing the same with more to follow.
That brings us to today and the biggest piece of news that was not reported by the mainstream media.
Russia and China have just announced the creation of a new BRICS currency that will be backed by all that gold they’ve been buying in a frenzy as well as other commodities like oil, gas, and other precious metals.
These countries and their ever-increasing number of allies are returning to hard money based on tangible assets. Foreign minister Lavrov of Russia confirmed just the other day that this new BRICS currency will be discussed (and probably adopted shortly after) at the BRICS summit that will take place in august 2023. (Source)
Right now, the US still has the petro-dollar to rely on, but when Saudi Arabia turns, that will quickly collapse. Once it happens, you’ll have a currency backed by nothing and held by the country with the largest foreign debt in the world, versus a new currency backed by gold and a basket of commodities.
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