The President's Daily Brief PDB Special Report | June 29th, 2025: PDB Special Report: The Rio Reset & The End of Dollar Dominance?
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Jun 29, 2025 In this discussion, precious metals specialist Phillip Patrick from Birch Gold Group sheds light on the imminent "Rio Reset", a pivotal event that could undermine U.S. dollar dominance. He emphasizes the growing collaboration among BRICS nations to establish a dollar-free trading system, driven by concerns over dollar devaluation. Patrick also explores the surge in gold investments as a safeguard against economic turbulence, detailing how this trend may impact American savings and purchasing power in the face of potential inflation.
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BRICS Challenge Dollar Dominance
- The BRICS coalition, representing half the world's population and GDP, aims to finalize a dollarless financial system on July 6th.
- This could significantly challenge the global dominance of the U.S. dollar and reshape the economic order.
BRICS' Decade of De-Dollarization
- BRICS nations have been working for a decade to de-dollarize international trade and set up a shadow financial system.
- They have developed payment systems, a development bank, and infrastructure to reduce reliance on Western-controlled currency systems.
BRICS’ Expanding Global Influence
- BRICS expanded to include Nigeria, Indonesia, and about 25 other nations aiming to bypass the dollar.
- Together, they represent over half the world's population and increasingly more than half its GDP, making them a formidable force.