There are many reasons why the U.S. dollar is going to remain the dominant global currency for a long time, so the BRICS idea of a new international payments system is best interpreted as an attempt to restore sanity to an increasingly absurd financial system.
Russia has sold 75 tons of physical gold to the United Arab Emirates, stripping power away from the world reserve currency — the United States dollar — into the hands of anti-American dictators. Drew Mason, Managing Partner of St. Joseph Partners, alerts LifeSite viewers to how the world is divesting from the US dollar into physical precious metals, supporting anti-American interests in Russia and the United Arab Emirates, and what these moves eventually mean for purchasing everyday goods and services in a rapidly impoverished Free World.
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‘If Saudi Arabia decides to join with America's enemies here and start trading oil in different currencies,’ the result will be ‘a complete implosion of the global economic system, but certainly the American economic system,’ Monica Crowley said.