Jim Rickards: Western Economies About To Slam Into A BRICS Wall?
Wealthion - Be Financially Resilient
Introduction
This chapter explores the implications of Saudi Arabia becoming a member of BRICS, a powerful group comprised of leading oil producers, nuclear-armed nations, and significant global economic influence. It also introduces the episode's guest expert and the temporary host, Stephanie Palmboy.
Macro analyst Stephanie Pomboy returns as a guest host on Wealthion to interview currency expert James Rickards about the highly-anticipated announcement of a new commodity-backed trading currency by the BRICS countries (Brazil, Russia, India, China, South Africa + a number of other resource-producing countries)
Collectively, these countries has as much or more land, population, GDP, nuclear weapons and other key strategic resources as America and its Western allies.
What repercussions are most likely to ensue from a new competing currency issued by the BRICs to compete with the US dollar's status as the world reserve currency?
To find out, Stephanie sits down with Jim for an insight-packed hour.
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