News, Rumors and Opinions Monday Night 5-29-2023
BRICS Could Enter Latin American Markets
BRICS Could Enter Latin American Markets if Mexico Accepts New Currency
If BRICS currency captures the Latin American markets, the U.S. dollar could be on a path of decline. Mexico and 18 other countries have expressed their interest to join the BRICS alliance and accept the new currency, reported Bloomberg. BRICS could soon expand to BRICS+ if the group of five nations decides to allow new countries into the bloc.
The move will make BRICS stronger and challenge the G7 Western nations in GDP and purchasing power parity (PPP). Mexico’s inclusion in BRICS could disrupt the traditional global financial markets making way for the new world order.
If Mexico accepts the BRICS currency for cross-border transactions as part of BRICS+, it could open up avenues for the new currency to reach other Latin American markets. The U.S. dollar could be the hardest hit if the development takes place this year.
Mexico’s inclusion in BRICS could strengthen its economic ties with the other developing nations in Asia and Africa. The increased trade and investment opportunities could potentially boost Mexico’s economy and contribute to its development. Additionally, Mexico’s participation might provide a gateway for the BRICS currency to access the Latin American markets.
Read full post here: https://dinarchronicles.com/2023/05/28/brics-could-enter-latin-american-markets/
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Courtesy of Dinar Guru
Militia Man You can't make this up...Lo and behold they come to an agreement to sort out the U.S. debt and then now the next thing is we're seeing they [Iraq] are getting ready to sort out the 2023, 24 and 25 budget.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: The news is telling us more than 2000 projects dated back to 2012 been waiting for 11 years will be passed and covered in this budget. FRANK: There has been a lot of suitors that have been waiting to bust down the door just to get the first kiss from Iraq. She's the prettiest girl in town. There are many things for your economic reforms that have been waiting on the sidelines...you can see them pouring in...it's all because of the monetary reform that is allowing them to be protected, Article VIII, they know what is about to happen to the exchange rate via the monetary reform...
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TNT:
Tishwash: Iraq and China are looking for economic and investment partnerships
Minister of Finance Taif Sami discussed today, Monday, with the Chinese Ambassador to Baghdad, Cui Wei, the establishment of economic and investment partnerships between the two countries.
The ministry stated in a statement received by Earth News, that “Minister of Finance Taif Sami received today, Monday, the Ambassador of the People’s Republic of China to Baghdad Cui Wei and reaffirmed her priorities for raising the level of long-term relations with the Republic of China, by creating conditions for a stable investment environment in the Iraqi market.” .
Sami pointed out, according to the statement, to "continuing work to consolidate joint cooperation between the two parties, and to build partnerships to promote sustainable development in the sectors of finance, economy, infrastructure and investment through the effective contribution of sober Chinese companies in reconstruction projects."
And the statement continued, “The Chinese ambassador expressed his country’s government’s desire to raise the levels of exchange and financial and commercial partnership with Iraq, and everything related to contributing to the promotion of economic development between the two sides.” link
America's Slow Decline & The Rise Of The BRICS | Matthew Piepenburg
We're heading into a dark and painful recession, says Matthew Piepenburg. This is happening at the same time as the BRICS nations are making efforts to move away from the US dollar.
These nations recently eclipsed the G7 in combined GDP based on purchasing power parity. Piepenburg expects continued inflation despite the Fed's rate hikes and points to gold as wealth preservation amid dedollarization and recession.
INTERVIEW TIMELINE:
0:00 Intro
1:40 Debt ceiling
5:50 Worse inflation
14:00 Volker Era
24:44 BRICS
30:33 Gold update
U.S. Is Dangerously Low On Cash, Markets To Crater 20% This Summer | E.B. Tucker
David Lin: 5-27-2023
E.B. Tucker, Editor of The Tucker Letter, discusses the impact of ballooning U.S. debt on inflation, markets, and the economy.
0:00 - Intro
0:49 - Debt ceiling
2:46 - Govt. debt and deficit
10:22 - Copper
17:54 - 20% market correction
19:31 - Fed monetary policy
25:48 - Major definite purpose