I’ve been telling you about the BRICS nations for a while now…
That would be an acronym for Brazil, Russia, India, China and South Africa.
And it’s not just some random club of countries…it’s an organization designed to destroy the U.S. Dollar by refusing to use it for international trade.
Believe me when I tell you that is a VERY big deal…
Just watch this short video if you want to know why:
Well, it’s no longer just 5 countries…
As of today, the BRICS has just DOUBLED in size now that UAE, Saudi Arabia, Ethiopia, Egypt, and Iran are officially added — and that is very bad news for the United States.
Sorry folks, I don’t like reporting on bad news any more than you do, but I must get the truth out there.
Today, the UAE, Saudi Arabia, Ethiopia, Egypt, and Iran are officially members of BRICS. They join Brazil, Russia, India, China, and South Africa as a formidable economic powerhouse, representing 29% of global GDP and 43% of global oil production.
Here are more details from the Daily Investor:
Membership of the BRICS group of emerging-market nations has doubled, with Saudi Arabia, Iran, the United Arab Emirates, Ethiopia, and Egypt having joined its ranks on 1 January 2024, South Africa’s envoy to the bloc said.
Current members Brazil, Russia, India, China and South Africa in August invited six other nations to become part of their group, pairing some of the planet’s largest energy producers with some of the biggest consumers among developing countries.
Only Argentina declined the invitation after President Javier Milei, who took office this month, reversed his predecessor’s membership bid.
The five invitees sent senior-level representatives to a BRICS sherpa meeting in Durban, South Africa, earlier this month, and they fully participated in the gathering, “a clear indication that they have accepted the invitation” to join, Anil Sooklal, Pretoria’s ambassador to the bloc, said in an interview Friday.
The new members will also send officials to a sherpa meeting in Moscow on 30 January, he said.
We’ve been telling you about the coming BRICS currency that will directly challenge the US Dollar as the world reserve currency.
That’s bad…very bad.
Reports are now saying the BRICS currency will be backed by GOLD.
Remember when we took the US Dollar off the gold standard?
Foolish.
And it looks like those chickens are coming home to roost.
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