New Dollar Competitor Linked to Gold?

BRICS+ Could be A Bombshell!

“The most significant development in international finance since 1971!”

That’s what bestselling author and gold commentator James Rickards is calling an event headed our way in August.  

That’s when a geopolitical shock wave will be delivered by the BRICS, an international financial consortium consisting of Brazil, Russia, India, China, and South Africa.  That represents about 40 percent of the world’s population.  

Now, with other nations seeking to join the core BRICS nations, the term “BRICS+” has been coined.  Potential additions to the currency and trade partnership, says Rickards, are “eight nations that have formally applied for membership and 17 others that have expressed interest in joining. The eight formal applicants are Algeria, Argentina, Bahrain, Egypt, Indonesia, Iran, Saudi Arabia, and the United Arab Emirates.”

“The 17 countries that have expressed interest are Afghanistan, Bangladesh, Belarus, Kazakhstan, Mexico, Nicaragua, Nigeria, Pakistan, Senegal, Sudan, Syria, Thailand, Tunisia, Turkey, Uruguay, Venezuela, and Zimbabwe.”

Rickards suggests that a new BRICS+ currency may be announced at the annual BRICS Summit Conference set for August 22 – 24 in Durban, South Africa.

Rickards:

When the new currency launch is announced in August, the currency will not fall on an empty field. It will fall into a sophisticated network of capital and communications. This network will greatly enhance its chances of success….

What’s behind this quest to ditch the dollar? In no small part the answer is U.S. weaponization of the dollar through the use of sanctions.

What makes the plan not just a major global financial development, but an actual bombshell, is Rickards’ conclusion that the plan is to link the new BRICS+ currency to gold.  And that will create a real upheaval in the global monetary markets.