The Old Pretender
@Dioclet54046121
We need to get the monetary collapse in the rear view mirror, imo, so we can adapt to the new reality.
I s-----t Steve Bannon’s “Rio Reset” hype is intended to scare the summit into doing nothing that upsets Trump: “few expect a breakthrough this week in reducing reliance on the US dollar through use of other currencies or even a potential BRICS currency.”
Reports are coming in indicating the BRICS summit will be a nothing burger, and @Bannons_WarRoom is wrong about a “Rio Reset”.
The Rio Reset is DOA. “Questions loom at Brics Rio summit about group’s effectiveness”
It sounds like China is losing interest in BRICS, and the organisation is fading away.
https://chinaglobalsouth.com/analysis/brazil-brics-summit-2025
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Let’s see what comes out of the summit, but taking the anticipatory reports at face value, it is likely to be a damp squib.
This is the end of cheap and plentiful oil in action, which will take the world over the energy cliff.
Most respondents think the BRICS summit will be consequential for #gold. I’m not so sure, unless the reports in BRICS media that the summit is tipped to be a nothing burger are aimed at springing a surprise.
As revealed by Wikileaks, the paper #gold and #silver markets were designed to transform formerly constant metals into volatile derivatives and discourage physical holding while encouraging paper trading. The logical end point of that is illegally spoofed enhanced volatility.
Is this horse trading prior to the BRICS summit?
Bloomberg is reporting vague rumours about new BRICS payment infrastructure at the summit: “Lula’s government is optimistic that leaders will make progress on collective alternatives…. according to two Brazilian officials familiar with the discussions.”
https://archive.is/jrGxT#selection-2065.0-2065.270
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Source(s):
https://x.com/Dioclet54046121/status/1940474384583737528
https://x.com/Dioclet54046121/status/1940537710122545394
https://x.com/Dioclet54046121/status/1940698508518191455
https://x.com/Dioclet54046121/status/1940704359366775172
https://x.com/Dioclet54046121/status/1940760772310978829
https://x.com/Dioclet54046121/status/1940770133011845442
https://x.com/Dioclet54046121/status/1940798009190896009
https://x.com/Dioclet54046121/status/1940801227438403894
https://x.com/Dioclet54046121/status/1940801552333295723
https://x.com/Dioclet54046121/status/1940831696062189970
https://x.com/Dioclet54046121/status/1940877002141323298
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