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BRICS is loading up on GOLD and SILVER - is this the new financial order?

BRICS is loading up on GOLD and SILVER - is this the new financial order?

Jay Martin Show:  11-2-2024

In this interview, Jay Martin and Andy Schectman discuss the outcomes of the 2024 BRICs summit, highlighting growing global financial alliances and alternatives to Western-led systems.

They explore the increasing influence of the BRICs nations in forming new frameworks for cross-border transactions and commodity exchanges outside the dollar-dominated SWIFT system.

Schectman emphasizes the broader implications of the summit’s outcomes, including initiatives like BRICs Pay and BRICs Clear, which aim to enable more regional economic independence.

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They also touch on a lesser-known bank failure in Oklahoma as a potential sign of financial instability in the U.S., underscoring a potential shift in global financial power dynamics.

01:31 - Recap of the BRICs Summit: What Were the Key Takeaways?

05:31 - Diverging Mandates: Are BRICs Countries United or Divided in Their Goals?

08:07 - Hidden Tensions: Is BRICs Unity a Temporary Alliance?

21:13 - SWIFT vs. Ambridge: The New Currency System That Could Challenge the Dollar

22:58 - What Prompted the U.S. to Push Back on BRICs’ Currency Plans?

 33:06 - Shifting Strategies: From Paper Contracts to Hard Asset Accumulation

43:08 - Poland’s Gold Accumulation: A Signal of Financial Independence?

 50:39 - Oklahoma Bank Failure: Setting a Precedent for Bail-ins?

58:11 - FDIC Limits: Are Uninsured Deposits Truly at Risk?

https://www.youtube.com/watch?v=hZEd4-29pws

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