The BRICS Secret Plan: A New Rival Reserve Currency That Could Shake the World

By Cyrus Dailey Jul 17, 2023113Views

Key Points:

A new rival reserve currency to challenge the US dollar is being developed by the BRICS countries.

This announcement is expected to take place at the BRICS summit in late August.

The mainstream media in the West has not reported on this significant monetary change.

The move away from the dollar is a response to the weaponization of the currency by the US.

The new BRICS currency is likely to be backed by gold.

Hot Take:

The introduction of a new rival reserve currency backed by a real asset like gold should be a cause for alarm in the West. The media’s silence on this matter is concerning, as open dialogue is necessary to address this significant development in the global monetary system. While it may not immediately dethrone the US dollar, the appeal of a currency with tangible backing could steadily grow over time. It is important for the West to pay attention and engage in discussions surrounding this potential shift in the international financial landscape.

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Cyrus Dailey

Cyrus Dailey stands as a luminary gracefully weaving the roles of crypto analyst, tenacious researcher, and editorial artisan into a captivating narrative of insight. Amidst the intricate world of digital currencies, Cyrus's perspectives resonate like finely tuned melodies, captivating curious minds from a myriad of perspectives. Her ability to decipher complex threads of crypto intricacies melds seamlessly with her editorial finesse, transforming intricacy into a harmonious composition of understanding. Guiding both seasoned explorers and curious newcomers, Cyrus's insights serve as a compass for well-informed decision-making amidst the ever-shifting tides of cryptocurrencies. With the artistry of a linguistic virtuoso, they craft narratives that enrich the evolving tapestry of the crypto landscape.

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