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This compilation of financial-related insights includes videos from Sean Foo, Michael Cowan, David Lin, Tech Revolution, Liberty and Finance and Stansberry Research.
Sean Foo says the Dollar is done with the new BRICS expansion that shocked the world. Michael Cowan says BRICS is a new world order. David Lin is joined by Jeff Christian to discuss why the Dollar didn’t crash after the BRICS expansion. Tech Revolution brings news of BRICS threatening the Dollar and the West with a new currency. Andy Schectman joins Liberty and and Finance to talk about why BRICS expanding is a huge threat to Dollar dominance. Daniela Cambone on Stansberry Research shares eleven predictions for the fall of the American monetary empire.
Sean Foo
Aug 25, 2023
The BRICS has officially expanded, adding 6 new members to the bloc. This is not just a big shock to the geopolitical order, but also seals the fate of the US dollar. The new members include Saudi Arabia, the UAE and Iran, all of which are big oil producers. This could very well accelerate de-dollarization to new levels. Here’s why the world reserve currency is under threat!
Michael Cowan
Aug 25, 2023
This Could Change Everything…
https://www.youtube.com/watch?v=0if7LkNqO4M
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David Lin
Aug 25, 2023
Jeffrey Christian, managing partner of CPM Group, recaps the highlights of the recent BRICS Summit in South Africa and the future of the U.S. dollar.
Tech Revolution
Aug 25, 2023
The stage was set, and the world watched with bated breath as the BRICS summit of 2023 commenced. Little did anyone expect that the echoes of this summit would resonate far beyond its intended reach.
In a world where alliances define the global stage, a seismic shift has rocked the international community. As the doors of diplomacy swung open, a whirlwind of enthusiasm engulfed the corridors of power. Reports came rushing in, like wildfire sweeping through a parched forest.
Over 50 countries, spanning continents, had quietly formed a queue, eagerly vying to join the ranks of this formidable alliance. It was a diplomatic spectacle like no other, a saga that blurred the lines between ambition and alliance. Nations, big and small, had cast their dice into the arena of geopolitics, hoping to secure a seat at the coveted BRICS table.
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Indonesia. Yep, they’re one of the many countries that are considering hopping on board.
President Cyril Ramaphosa of South Africa has thrown out a whopping 69 invitations to heads of state and government for the BRICS Summit. And here’s the twist: not only are leaders from Africa, Asia, and Latin America coming to the party, but also folks from all around the globe.
Heads up because we’ve got a star-studded event on our hands. All the BRICS members are sending their top dogs except for President Putin of Russia. He is not able to attend for some reason.
The whole BRICS thing started from a chat between foreign ministers of Brazil, China, India, and Russia. Later, South Africa got the nod and became a member back in 2010. Now, get this, Indonesian President Joko Widodo is making his way to the event and will be hanging around until Thursday, August 24.
It’s not just Indonesia; Saudi Arabia and Argentina are also contenders to become new members of the BRICS club. People in the know say that Indonesia’s been doing some serious thinking about joining BRICS.
President Jokowi’s got his thinking cap on, but as of his departure on Sunday, August 20, he’s still keeping the official stance under wraps. Hey, here’s a cool nugget, Brazilian President Luiz Inácio Lula da Silva is rooting for Indonesia to join BRICS. And he’s not stopping there, he’s also giving a shout-out to Argentina, Venezuela, Saudi Arabia, and the United Arab Emirates, hoping they’ll all join the club too.
And wait for it, Bangladesh, Ethiopia, Iran, Nigeria, and Egypt are waving their hands and saying, “We want in.” According to South African Foreign Minister Naledi Pandor, a whopping 40 countries have shown an interest in joining BRICS, and around 23 of them are getting serious about it.
And that is just in the African continent. Even more have expressed their wills. Pandor says that the global scene these days has countries all intrigued about BRICS as an alternative in our diverse world. Pandor, the South African Foreign Minister, really wants to make it clear that BRICS isn’t about being against the West. Instead, this group is all about being a diplomatic tool for developing countries to shine.
And guess what? The club’s getting bigger, the United Arab Emirates, Egypt, and Bangladesh are also part of the gang. Plus, Uruguay’s knocking on the door, and Saudi Arabia, Algeria, Honduras, and Zimbabwe are peeking in too.
Imagine this: Alongside the familiar names, the likes of the United Arab Emirates, Egypt, and Bangladesh have also eagerly stepped into the spotlight, officially becoming part of the gang. It’s like a canvas of cultures, colors, and ideas all blending together.
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But wait, there’s a plot twist that adds to the intrigue. Uruguay, with excitement brimming, is gently tapping on the door of the BRICS club, eagerly hoping to secure its place. It’s like that moment when someone’s knocking, and you can’t help but wonder what’s on the other side.
And let’s not forget the curious observers – Saudi Arabia, Algeria, Honduras, and Zimbabwe, they’re all on the sidelines, casting curious glances through the window of opportunity. You can almost feel the excitement and anticipation as these countries contemplate stepping into the limelight that BRICS offers.
Now, let’s chat about the summit in Johannesburg. They’re looking at expanding the BRICS gang, and that’s a hot topic. Dammu Ravi, the Economic Secretary at the Indian Ministry of Foreign Affairs, chimed in, saying that they need some strict rules for anyone wanting to join the party.
Liberty and Finance
Premiered Aug 25, 2023
Andy Schectman joins us for a flash update to discuss the joining of Saudi Arabia, Iran, United Arab Emirates, Argentina, Egypt and Ethiopia into the BRICS coalition. He discusses how this is a major development for dedollarization.
Stansberry Research
Aug 25, 2023
BRICS countries – Brazil, Russia, India, China, and South Africa – have been talking about establishing a new gold-backed currency this year in hopes of replacing the U.S. dollar as the king of global currencies.
With the 15th annual BRICS summit taking place earlier this week, many market experts are monitoring whether these discussions will come to fruition as we approach 2024.
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So today, we’ll review predictions from several of our guests over the course of our “summer series” about the potential impact of the dollar relinquishing its world reserve currency status…
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