Epic Real Estate Investing - BRICS Currency Summit Showdown: Is It Too Late for the US Dollar? | 1369

Episode Date: October 23, 2024

In this eye-opening episode, we delve into the growing concern surrounding the potential decline of the U.S. dollar's longstanding dominance in global finance. As BRICS nations—Brazil, Russia, India, China, and South Africa—prepare to introduce a revolutionary new gold-backed currency, we explore what this shift could mean for the future of international trade and investment. The episode offers a comprehensive analysis of the shifting economic power dynamics as BRICS countries begin to outpace G7 nations in GDP, signaling a dramatic realignment in global economic influence. We discuss the concept of de-dollarization and its far-reaching implications, not just for the U.S. economy, but for consumers and investors around the world. Viewers will gain insight into how this potential transition could impact everyday financial decisions, from currency stability to investment opportunities. We’ll also cover practical strategies for protecting personal wealth in the face of these changes. As BRICS nations work to establish alternatives to the U.S.-led SWIFT banking system, we highlight the importance of diversifying investments and considering assets tied to these emerging economies. Whether you're a seasoned investor or just curious about the future of global finance, this episode equips you with the knowledge you need to navigate an increasingly complex financial landscape. Don't miss out on understanding how these seismic shifts could affect your financial future! Learn more about your ad choices. Visit megaphone.fm/adchoices

This is Terio Media. Hey, strap in. It's time for the epic real estate investing show. We'll be your guides as we navigate the housing market, the landscape of creative financing strategies, and everything you need to swap that office chair for a beach chair. If you're looking for some one-on-one help, meet us at rei-i-a-s.com. Let's go, let's go, let's go, let's go, let's go, let's go.

Let's go. The dollar's days could be numbered. Bricks, Brazil, Russia, India, China, South Africa, and their allies is playing chess while the U.S. is playing checkers, and your savings could be the biggest casualty. Bricks nations are gearing up to unleash a new currency, and it could dethrone the U.S. dollar's dominance for good. This isn't just talk anymore. It's happening, and the stakes, they've never been higher.

It's a shocking development. Bricks nations have overtaken the G7 in terms of GDP, with their combined economic output now over $60 trillion. Russian president, Vladimir Putin, even confirmed that BRICS countries now control 37.4% of the global economy, while the G7's share has dwindled to just 29.3%. This power ship is laying the foundation for a financial revolution, and at the heart of this revolution, a new BRICS currency that could kill the U.S. dollar. Over 88% of global transactions involve the U.S. dollar, but what happens if BRICS.

their new gold-back currency? We're talking about massive de-dollarization, and for American households, that could mean skyrocketing prices, inflation out of control, and economic chaos like we have never seen before. How do you prepare for a world where the U.S. dollar is no longer king?

Well, I've got an action plan for you at the end, but understand that Bricks isn't just thinking about launching a currency, they're taking real steps to make it happen. This isn't some far-off dream either. At the summit in Kazan, Russia, BRICS members are expected to finalize the details of this new currency shift. And if you think it's all talk, think again,

one fifth of oil trades already bypassed the U.S. dollar entirely. Imagine the impact once Bricks unleashes its currency system. As the U.S. dollar currently dominates 90% of all currency trades, Bricks is carving out a new path, one that could strip the dollar of its top spot in global finance, and forever change the world's economy. In the U.S., they're not going down without a fight. Former President Trump recently pledged to slam countries ditching the dollar with crushing 60 to 100% tariffs.

I'm not sure if Kamala has a plan for this or not, but here's where it gets interesting. Bricks is developing a digital payment system, the Bricks Bridge, to totally bypass the U.S.-led SWIFT banking system. What does that mean? Well, no more U.S. interference in their financial dealings. This could revolutionize global trade, making transactions fast. more secure and completely free from U.S. sanctions. For Bricks nations, it's about independence, but for the U.S., it could spell economic disaster. Bricks may have a secret weapon, though, a gold-backed currency. The Bricks nations, along with Egypt, control over 20% of the world's

Central Bank gold reserves. Russia alone holds over 2,335 metric tons of gold. If Bricks pegs their currency to gold, the U.S. dollar, which has been untethered from gold since the 1970s, could face its ultimate rival. Jim Rickers, a respected financial expert, predicts that if this BRICS currency unit is worth one ounce of gold and the price of gold soars to $3,000 an ounce, the BRICS currency could instantly gain immense value compared to the dollar. That means Americans could face skyrocketing inflation, higher import costs, and a major loss in purchasing power. Meanwhile, BRICS countries would thrive, free from the constraints of the dollar. So, how do you prepare for this seismic shift in the global economy?

Well, here's what you can do right now to protect your wealth. Number one, diversify your currency exposure. Start holding assets in other currencies, especially those tied to BRICS nations. This can help protect you from the devaluation of the dollar. Number two, invest in gold and commodities. As BRICs eyes a gold-backed currency, gold could skyrocket in value. So hedge against inflation by investing in gold, silver, and other precious metals. Number three, look into BRIC's equity markets. Emerging markets like China in India, they're growing fast.

So consider ETFs like the I-Share's MSCI BRIC-E-E-F, or the PACER emerging markets cash cow 100 ETF to get exposure to these economies. We're on the edge of a global economic transformation. If BRICS follows through with its plans, the U.S. dollar could lose its grip on global trade, leaving American households vulnerable to economic chaos. But by acting now, diversifying your investments, hedging with gold, and tapping into BRICs markets, you can protect your wealth and maybe even come out ahead in this new financial landscape. And this isn't just about financial news.

It's the start of a global economic revolution. The U.S. dollar could fall, and you need to be prepared. For real estate investors, this could actually open up new opportunities in global markets, especially if you're holding assets outside the U.S. but also, if you're holding real estate in the U.S., we could witness a wave of foreign investors buying up U.S. real estate and paying top dollar for it due to the valuable currency exchange for them to then only drive up real estate prices even further. I'll see you next time.

Take care. And that wraps up the epic show. If you found this episode valuable, who else do you know that might too? There's a really good chance you know someone else who would. And when their name comes to mind, please share it with them and ask them to click the subscribe button when they get here and I'll take great care of them. God loves you and so do I. Health, peace, blessings, and success to you.

I'm Matt Terrio. Living the dream. Yeah, yeah, we got the cash flow. You didn't know home for us. We got to cash flow. This podcast is a part of the C-suite Radio Network. For more top business podcasts, visit c-sweetradio.com.