‘Rickards: BRICS gold-linked currency previewed Aug. 22, implemented in stages’
BRICS Countries Planning New Gold-Backed Currency
https://t.co/3AeOp7MeEj— Money Metals Exchange (@MoneyMetals) July 10, 2023
ZeroHedge posted the following;
Rickards: BRICS gold-linked currency previewed Aug. 22, implemented in stages
This started because the West forced these countries to prioritize confiscation risk by the US higher than default risk between each other. We did this.
As the Aug 22nd BRICS annual meeting moves closer, dedollarization rhetoric escalates, especially on the BRICS side. …
There are two seemingly diametrically opposed opinions coming out of this.
- The Brics are launching a Gold backed alternative to the USD.
- The Brics have no immediate plans to launch a gold-backed alternative to the dollar
The BRICS have the necessary tech (BiS helps here), Gold, and financial architecture worked out to do it. They do not yet have the necessary qualified members *approved* yet to create critical mass on a live network. Just because 41 nations want into the new club, does not mean all are qualified on day one. …
So what is the best probable scenario?
Jim Rickards has the sanest take thus far:
“A BRICS gold-linked currency will be previewed August 22, to be implemented in stages. SCO will merge with BRICS; others will join.” –@JamesGRickards
We would be surprised if some definitive hard launch announcement were made. Putin likes to tease in KGB tactical style. China, master strategist, is not going to risk 15 years of planning on some all-in announcement. But to say it is ready, to say it is accepting formal applications, and to do so during ongoing trade negotiations involving the key elements in the onshoring/reshoring/ energy transition frenzy– that would be very smart. https://www.zerohedge.com/news/2023-07-10/brics-gold-linked-currency-will-be-previewed-aug-22-be-implemented-stages-rickards
There look to be 25 nations in the Shanghai Cooperation Organisation (SCO). Then there are the additional 17-21 nations that want to be part of BRICS (and there is some overlap with the SCO). Together, if BRICS accepts the SCO and those wanting to join BRICS, then this would represent more than 1/2 of the world’s population.
As long-time readers of this COGwriter Church of God page know, for years I have warned that there will be consequences of USA sanctions (e.g., from 2018, watch: US Sanctions and Tariffs leading to New World Order?). Plus there are behind the scenes actions that the USA has taken which have upset many nations it has not formally sanctioned.
Having more nations push aside the USA dollar will hurt the economy of the USA, which to a great degree, is tied to the world accepting its dollar and debt–but that will not last per Habakkuk 2:6-8.
As far as Jim Rickards goes, last month, Daily Reckoning posted the following:
Rickards Drops Bombshell
June 7, 2023
On Aug. 22, about 2½ months from today, the most significant development in international finance since 1971 will be unveiled.
It involves the rollout of a major new currency that could weaken the role of the dollar in global payments and ultimately displace the U.S. dollar as the leading payment currency and reserve currency.
It could happen in just a few years.
The process by which this will happen is unprecedented, and the world is unprepared for this geopolitical shock wave.
This monetary shock will be delivered by a group called the BRICS. …
There are currently eight nations that have formally applied for membership and 17 others that have expressed interest in joining. The eight formal applicants are: Algeria, Argentina, Bahrain, Egypt, Indonesia, Iran, Saudi Arabia and the United Arab Emirates.
The 17 countries that have expressed interest are: Afghanistan, Bangladesh, Belarus, Kazakhstan, Mexico, Nicaragua, Nigeria, Pakistan, Senegal, Sudan, Syria, Thailand, Tunisia, Turkey, Uruguay, Venezuela and Zimbabwe. …
The BRICS+ present a realistic effort to de-dollarize global payments and eventually global reserves.
For years, I’ve argued that the dollar would remain the world’s leading reserve currency for longer than most people think.
But … a new BRICS+ currency could greatly accelerate the demise of the dollar as the world’s leading reserve currency. …
The currency will be pegged to a basket of commodities for use in trade among members. Initially, the BRICS+ commodity basket would include oil, wheat, copper and other essential goods traded globally in specified quantities.
In all likelihood, the new BRICS+ currency would not be available in the form of paper notes for use in everyday transactions. It would be a digital currency on a permissioned ledger maintained by a new BRICS+ financial institution with encrypted message traffic to record payments due or owing by participating parties. …
Based on the impracticality of commodity baskets as uniform stores of value, it appears likely that the new BRICS+ currency will be linked to a weight of gold. …
the BRICS+ currency offers the opportunity to leapfrog the Treasury market and create a deep, liquid bond market that could challenge Treasuries on the world stage almost from thin air.
The key is to create a BRICS+ currency bond market in 20 or more countries at once, relying on retail investors in each country to buy the bonds. https://dailyreckoning.com/rickards-drops-bombshell/
Yes, major steps are being taken to push aside the dominance of the USA dollar.
Yes, gold looks to be involved. USA sanctions policies and debt (which Joe Biden and others continue to increase–watch also our latest uploaded video: And the Debt Goes On …) will have costs greater than those that most pundits understand (cf. Habakkuk 2:6-8).
James Rickards did not discuss the role of Europe to bypass the USA dollar –but that was part of why the euro was developed in the first place. And Europe will help topple the dollar–it will not just be the alliance of the BRICS nations.
Related to gold and the replacement of the USA dollar, we put out the following video:
China introduced something that was called the gold-petro-yuan back in 2018. Since then, the global share of US-dollar-dominated exchange reserves have dropped to 59.0%. In April 2021, China became the first major economy to unleash a Central Bank Digital Currency. China also has given its banks permission to import large amounts of gold. Is China preparing for a gold-backed yuan to push aside the US dollar or to help it survive a US dollar cataclysm? Are other nations preparing to push the US dollar aside? Do Europeans seem to have the most gold? Are Europeans prophesied to gain more gold? Is the US debt trajectory sustainable per Fed Chairman Jerome Powell? Does the Bible warn of the end coming to the highly indebted in Habakkuk 2:6-8? Why does it looked like a gold-backed currency will replace the US dollar? Will the US dollar, ultimately, become essentially worthless? Dr Thiel addresses these issues and more.
Here is a link to our video: Gold Backed Currency to Replace the US Dollar?
And, let me add that the BRICS nations have long wanted to topple the dominance of the US dollar.
Notice the following which is in my book Lost Tribes and Prophecies: What will happen to Australia, the British Isles, Canada, Europe, New Zealand and the United States of America?:
Those in Iran and some of the Arab lands, along with nations such as Brazil, China, and India have discussed plans for the removal of the dominance of the U.S.A. in global trade as well. The former (again current) President of Brazil, Luiz Inácio Lula da Silva, even claimed that eliminating the U.S. dollar’s reserve currency status was one of the reasons that the BRICS alliance (Brazil, Russia, India, China, and South Africa) was formed in the first place. [i] Others have noted that bypassing the USA dollar is still an object of BRICS—and officially BRICS nations “are currently working on setting up a new global reserve currency,”[ii] which may have gold-backing.[iii] The expansion of BRICS (which is in progress) may ultimately even hurt Australian trade as well as “severely weaken primacy of the US Dollar as an international currency.”[iv]
The Bible clearly warns against cheapening the money supply and encourages having money hold its value (Proverbs 25:4 Isaiah 1:25, Ezekiel 22:18-22). Debt is also warned against (Habakkuk 2:6-8). Yet policies enacted under the Obama, Trump, and Biden Administrations, following certain other administrations, have ignored these warnings.
[i] Escobar P. BRICS was created as a tool of attack: Lula. Asia Times, August 28, 2019
[ii] BRICS developing new global reserve currency – Putin. RT, June 22, 2022
[iii] Helms K. Economists Discuss Russia, China Potentially Developing Gold-Backed Currency. BRICS Information Portal, November 11, 2022
[iv]Hunter M. BRICS Is Becoming The Big Kid On The Block: Implications For Australia – Analysis. Eurasia Review, November 1, 2022
One day the US dollar will be toppled. But let me add that the Bible teaches that a coming European power will accumulate gold too (cf. Daniel 11:38,43; see also The Plain Truth About Gold in Prophecy. How Should a Christian View Gold?).
Biblically, it should be noted, that the role for at least a few of the BRICS nations seems to be related to a coming military alliance. Related to BRICS, we have the following video:
BRICS and the Woes of Revelation
The BRICS nations consist of Brazil, Russia, China, India, and South Africa. In February of 2023, Russia, China, and South Africa held joint naval drills. In the Fall of 2022, India, Russia, and China held joint military exercises. Brazil also has a military cooperation agreement with Russia. The Book of Revelation uses the term woe three in chapter 8 verse 13–those woes are then discussed in later chapters. Could the BRICS nations, along with the coming Babylonian European Beast power be involved in all three of the woes? Do the BRICS nations want to push aside the USA dollar? Is one of the woes tied to the rise of a 200,000,000 man army? Is there any connection to the second woe and the two witnesses? Do the woes correspond with the last of the seven trumpets in the Book of Revelation? Is one of the woes tied to Armageddon? Does Jesus return with the seventh trumpet? Will nations not be pleased when Jesus returns? Dr. Thiel and Steve Dupuie go over these matters.
Here is a link to our video: BRICS and the Woes of Revelation.
Although BRICS will not dominate the world economically like the coming European Beast power will, the BRICS nations and their decisions will have major impacts on the world.
The USA dollar will be replaced.
Actions being taken around the world are setting the stage for that.
As Jesus said: “And what I say to you, I say to all: Watch!” (Mark 13:37).
Some items of possibly related interest may include:
Lost Tribes and Prophecies: What will happen to Australia, the British Isles, Canada, Europe, New Zealand and the United States of America? Where did those people come from? Can you totally rely on DNA? What about other peoples? Do you really know what will happen to Europe and the English-speaking peoples? What about Africa, Asia, South America, and the Islands? This free online book provides scriptural, scientific, historical references, and commentary to address those matters. Here are links to related sermons: Lost tribes, the Bible, and DNA; Lost tribes, prophecies, and identifications; 11 Tribes, 144,000, and Multitudes; Israel, Jeremiah, Tea Tephi, and British Royalty; Gentile European Beast; Royal Succession, Samaria, and Prophecies; Asia, Islands, Latin America, Africa, and Armageddon; When Will the End of the Age Come?; Rise of the Prophesied King of the North; Christian Persecution from the Beast; WWIII and the Coming New World Order; and Woes, WWIV, and the Good News of the Kingdom of God.
The Eurasian Union, the Kings of the East, and Bible Prophecy Is there a Eurasian union that will be formed? Is one being formed right now? Are any leaders working on that in the 21st century? Does the Bible teach that there will be a Eurasian union? If some type of Eurasian union is formed, who might it benefit and who will it destroy? A related video would be Is The Eurasian Union Rising?
Russia and Ukraine: Their Origins and Prophesied Future Russia in prophecy. Where do the Russians come from? What about those in the Ukraine? What is prophesied for Russia and its allies? What will they do to the Europeans that supported the Beast in the end? There is also a video sermon available: Russia in the Bible and in Prophecy and a video sermonette available: Ukraine in Prophecy?
Is Russia the King of the North? Some claim it is. But what does the Bible teach? Here is a link to a video, also titled Is Russia the King of the North?
Ezekiel 38: For Russia & Iran in Our Day? Is Ezekiel 38 about to be fulfilled? A related video is available titled Ezekiel 38: For Russia, Ukraine, & Iran Now? Another could be Russia, Iran, Syria, & the Bible (Code).
Europa, the Beast, and the Book of Revelation discusses the largest church since the second/third century, which in a real sense is the eighth church mentioned in the Book of Revelation (it also endorses “eighth day” worship). What church would support the Beast? Here is a link to a video titled: Europe and the ‘Holy Roman Empire’.
The Times of the Gentiles Has there been more than one time of the Gentiles? Are we in it now or in the time of Anglo-America? What will the final time of the Gentiles be like? A related sermon is available and is titled: The Times of the Gentiles.
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold and silver? Two videos of related interest may be: Germany, Gold, and the US Dollar and Silver, Science, and Scripture.
Biden-Harris: Prophecies and Destruction Can the USA survive two full presidential terms? In what ways are Joe Biden and Kamala Harris apocalyptic? This book has hundreds of prophecies and scriptures to provide details. A Kindle version is also available and you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to your free Kindle reader app (or if you already have one or a Kindle), you can go to: Biden-Harris: Prophecies and Destruction (Kindle) to get the book in seconds.
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