The Expat Money Show - With Mikkel Thorup

242: Navigating De-Dollarization: The Emergence of a BRICS Commodity-Backed Currency

May 10, 2023

22:39

In today’s episode, I am going to share a portion of this past weekend’s workshop on Brazil, in which I gave a presentation about the de-dollarisation that is happening in the world and what we're going to see with either a new reserve currency or a second reserve currency in the world. This is an extremely important topic that is going to affect everyone’s investments, and no “Plan B” is complete without factoring in what is going to occur with reserve currencies over the coming years. Enjoy!

TODAY'S PRESENTATION ON DE-DOLLARIZATION AND A BRICS COMMODITY-BACKED RESERVE CURRENCY

I break down why many nations are currently fleeing the dollar, paving the way for new potential reserve currencies.
Tune in as I go through a number of headlines from around the world highlighting the steps many countries are taking towards de-dollarization.
I lay out which countries I believe will join up with the BRICS countries, including a few that may surprise you.
I dig further into the prospects of a BRICS reserve currency, and just what it might be backed by.
Listen as I explain how this de-dollarization movement might not only threaten the U.S. dollar but the very use of fiat currencies in the global economy.
I further look at the sheer vastness of the BRICS countries in terms of sheer size, population and resources. It’s truly mindblowing to think of the potential of their combined power.
I address the biggest question my audience will be asking: so how do we play this? What can we do to profit off of what is to come?
Aside from the question of which commodities to play, I also look further at the pros and cons of each of the BRICS nations themselves.
Lastly, I answer the question on everyone’s mind “What am I doing with all of this information?” I offer a glimpse into my financial strategy going forward as it pertains to de-dollarization and the BRICS nations.

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205: From California to Brazil An Expat Story - Travis 150: Six Months In Florianopolis, Brazil - Mikkel Thorup 143: Building A Business And Finding Romance In Brazil - Kevin Koskella

HOW TO LEARN MORE ABOUT BRAZILIAN REAL ESTATE OPPORTUNITIES

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CONCLUSION

I hope you enjoyed this taste of the workshop from this past weekend. I am constantly trying to increase my listeners' knowledge and understanding of the most important emerging economic issues and opportunities out there, and Brazil stands out to me as having some of the most potential of any nation across the globe. See you all next Wednesday on the podcast!

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TICKETS NOW ON SALE

Join us March 14-15th, 2025, live in Panama City for the Wealth, Freedom & Passports Conference. Take your Plan-B to the next level; tickets are limited.

Wealth, Freedom & Passports Conference