BREAKING: The “BRICS” Just Doubled Overnight
From WLT Report
Article By Noah, Original Publish Date: January 2, 2024
I’ve been telling you about the BRICS nations for a while now…
That would be an acronym for Brazil, Russia, India, China and South Africa.
And it’s not just some random club of countries…it’s an organization designed to destroy the U.S. Dollar by refusing to use it for international trade.
Believe me when I tell you that is a VERY big deal…
Just watch this short video if you want to know why:
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Well, it’s no longer just 5 countries…
As of today, the BRICS has just DOUBLED in size now that UAE, Saudi Arabia, Ethiopia, Egypt, and Iran are officially added — and that is very bad news for the United States.
Sorry folks, I don’t like reporting on bad news any more than you do, but I must get the truth out there.
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Here are more details from the Daily Investor:
Membership of the BRICS group of emerging-market nations has doubled, with Saudi Arabia, Iran, the United Arab Emirates, Ethiopia, and Egypt having joined its ranks on 1 January 2024, South Africa’s envoy to the bloc said.
Current members Brazil, Russia, India, China and South Africa in August invited six other nations to become part of their group, pairing some of the planet’s largest energy producers with some of the biggest consumers among developing countries.
Only Argentina declined the invitation after President Javier Milei, who took office this month, reversed his predecessor’s membership bid.
The five invitees sent senior-level representatives to a BRICS sherpa meeting in Durban, South Africa, earlier this month, and they fully participated in the gathering, “a clear indication that they have accepted the invitation” to join, Anil Sooklal, Pretoria’s ambassador to the bloc, said in an interview Friday.
The new members will also send officials to a sherpa meeting in Moscow on 30 January, he said.
“BRIC” was coined in 2001 by economist Jim O’Neill, then at Goldman Sachs, to draw attention to strong economic growth rates in Brazil, Russia, India and China.
The term was intended as an optimistic scenario for investors amid market pessimism following the terrorist attacks in the US on 11 September that year.
The world is changing overnight folks….
Do not get left behind!
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So….what does it all mean for you?
And what can you do about it?
Look, I’m not a financial advisor — and I’m definitely not YOUR financial advisor — but I am a reporter and I’m pretty good at reading the tea leaves and piecing together a story.
And what I’m seeing is there’s going to be a massive rebalancing and I think it’s going to involve GOLD:
Read full article here.
WLT REPORT
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