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This compilation of financial-related insights includes videos from ITM Trading, Wall Street Silver, Tech Revolution, and Steven Van Metre.
Lynette Zang on ITM Trading answers questions about BRICS countries moving against the Dollar. Peter St Onge on Wall Street Silver says central bank digital currencies are coming and asks if you’re ready. Tech Revolution shares news of a new secret strategy by BRICS. Steven Van Metre explains why this country’s unprecedented collapse of its economic base threatens to start a global depression.
ITM TRADING, INC.
Sep 6, 2023
Question 1: 0:40
What would happen once the BRICS countries go to the alternate currency?
Question 2: 2:04
Will we be able to buy the BRIC gold backed currency?
Question 3: 2:57
Would silver become an underground currency in order to avoid CBDC transaction tracking?
Question 4: 4:45
Can you please just a short concise step by step order of events as you see them coming? Hyperinflation, reset and establishing of digital dollar, calling in of gold, re-evaluation of gold?
Question 5: 6:02
Japan essentially failed in 2000, how have they been able to manipulate the system to stay alive for now 23 years?
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Wall Street Silver
Premiered Sep 6, 2023
Economist Peter St Onge joins us to discuss the staggering $33 trillion in government debt, the projected $2 trillion annual deficits, and the implications if a recession hits. Peter outlines the potential disaster of running wartime deficits in peacetime and the risks posed by our growing debt bubble. The conversation also touches on rising delinquencies, the possible onset of a severe recession, and the role of gold and silver in this landscape. Furthermore, the debate around the push for cashless Central Bank Digital Currencies (CBDCs) and its implications on privacy is also explored.
Tech Revolution
Sep 6, 2023
In a move that signifies a monumental shift in power dynamics, the BRICS alliance has unveiled its highly anticipated secret strategy that holds the potential to revolutionize economic structures on a global scale.
This strategy comes with an intriguing twist – an invitation extended to oil-rich countries that could pave the way for unprecedented changes in the energy sector. As we explore the complexities of this strategic move, we’ll explore how the BRICS nations are positioning themselves to play a pivotal role in the global oil market, with key OPEC producers receiving an invitation to join their ranks.
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With the Western sphere, particularly the United States, facing a period of weakening dominance, the BRICS alliance emerges as a compelling alternative force that represents nearly half of the global population.
In a truly historic move, the BRICS, these five influential emerging economies have opened their doors to six new countries, marking a significant shift in the global order.
The big announcement came during their annual summit, where the leaders of BRICS came together and agreed to welcome Argentina, Ethiopia, Iran, Saudi Arabia, Egypt, and the United Arab Emirates as full members starting from January 1st next year.
Chinese President Xi Jinping, who heads one of the most powerful nations in this group of non-Western states, rightly called this expansion a “new starting point for BRICS cooperation” that would inject fresh energy into global peace and development efforts.
The news was met with enthusiasm from around the world. Ethiopian Prime Minister Abiy Ahmed highlighted the significance of this moment for his country, echoing his readiness to contribute to a more inclusive and prosperous global order.
Even in Iran, senior presidential adviser Mohammad Jamshidi expressed the move as a “historic development and a strategic success” for their foreign policy. The decision to expand the BRICS family was a hot topic during the summit, and it’s interesting to note the mix of opinions that surfaced.
This diverse group, which operates by consensus, had some debate over the speed and number of new members. But fret not, they reached a common ground on the criteria for admission, paving the way for potential further expansion.
Now, the BRICS alliance has been a topic of intrigue since its inception in 2009, gaining even more momentum when South Africa joined the party a year later. With this recent addition of six new members, the alliance now represents nearly half of the world’s population and a significant chunk of its economic output.
It’s all about bringing in new dimensions to bilateral cooperation, as Indian Prime Minister Narendra Modi highlighted. The landscape of global power dynamics is definitely experiencing some interesting shifts.
It’s quite a bold move that’s bound to shake up the geopolitical landscape, but what’s interesting is the surprisingly subdued response from Western governments and media so far.
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Now, let’s dive into the energy implications of this BRICS expansion. Picture this, a greater slice of the global oil production pie. Recent stats reveal that this expanded alliance now holds a whopping 43% of global crude oil production.
On the other hand, OPEC controls around 38%. Can you see the huge geopolitical ripple this creates? Economic dominance? Check. With the addition of these six countries, including Saudi Arabia with its trillion-dollar GDP, the BRICS collective now boasts an undeniable 29% share of global GDP.
And guess what? Energy plays a big role in this economic prowess. Keep your eyes on Saudi Arabia and Russia. These two heavyweights often clashed in the OPEC+ alliance, causing quite a stir. The interesting part is whether their increased cooperation within BRICS can smooth out any rough edges within OPEC+ operations.
Even before this expansion, BRICS was home to two major players: China, boasting the title of the world’s largest crude importer, and India, holding the distinction of being the third-largest.
Now, consider this, the entrance of new members could potentially amplify the trend of oil trading deals within the BRICS circle.
This, in turn, might gradually forge a distinct division in what was once a unified global oil market. As these influential nations collaborate more closely and enhance their energy partnerships, the ramifications on traditional market dynamics could be profound.
Steven Van Metre
Sep 6, 2023
This Country’s Unprecedented Collapse of its Economic Base Threatens to Start a Global Depression
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