BRICS currency is a done deal from 2013.
US and EU lost the battle for an unipolar monetary system against BRICS and agreed to their terms for a tri polar monetary system.
So what we see now is the creation of a new tripolar monetary system linked to gold.
You really belive that bs that saudi arabia can go to BRICS with no harm to them happening ?The saudi royal family is ONLY in power because of US backing them.
So my personal guess is BRICS will implement as first a gold linked currency like russia did which will cause that many countries will use cny as the new world reserve currency and then USD will develue about 40-50% which will cause poorness across the US and EU and big investors can buy for peanuts everything up.
After that to stimulate the econemy they will install the second final now world wide monetary system from
IMF which will be
digital money linked to gold with high
negative interest rates to revitalize the econemy which will be in a deep recession.This time it will have clear rules for ALL.SDR's for gold holdings.
Because USD losing 40-50% of value will cause high inflation as people which countries currencies have majority in USD as backing will flee with all their
cash into hard assets forcing the fed to increase interest rates significant higher to combat an even higher inflation than the first one we just saw which will break a lot of debt holders and push the econemy into a very hard recession
Goal is to suck out wealth from western countries and make people dependable from governmental aid.
They want to bring western countries wealth level down to match the rest of the world.
Its also a bit geopolitics you need to understand
Since USA lost the economic battle against BRICS expecially not being able to force
china to open their market for US uncontrolled money movements into china so they could control china via money like they did in russia in the 90's
made that they created a new strategy.
Putin is also stable because he defended 2014 Crimea which is a major military strategic point for the russian sea fleet.
Would he had lost crimea he would have lost support from the military and the pro nato russian group would get into power.
So the strategy now is to weaken russia and china as much as possible with war against russia.banning chips delivery to china,increasing drasticly interest rates so in US living chinese who invested money in china for a "free meal" are forced to take out money of china and bring it back to the US.
Creating new major blocks with supporting now Poland moving army and all their assets from
germany over there as they want to make poland and westukraine the new block against russia like germany was after ww2 against the communists.Germany is getting sucked out now ,dropped like a hot potato because the possibility germany would cowork with russia in the future was to big.
According to george friedman who was and is a think tank for the US under Stratfor it would be the only real threat to the USA.
So since industry is moving out of China they are moving it to India in hope this time India will be the local counterpart to china.
India can be controlled by the US where China was unbreakable.
But you are right in the past India has not followed expactations from the US and even were threatened to get kicked out of SWIFT.But at that time they also didn't received so much "love" from the US they are receiving now.
www.theguardian.com
www.dailymail.co.uk
royalcentral.co.uk
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www.bloomberg.com
