China and Russia Just Fired Another Shot at the U.S. Dollar

[Inside Wall Street with Nomi Prins]( China and Russia Just Fired Another Shot at the U.S. Dollar By Nomi Prins, Editor, Inside Wall Street with Nomi Prins China, Russia, and their allies just took a big step to challenge the U.S. dollar. As they wrapped up their annual summit on August 24, the BRICS bloc announced six new member countries. As you might know, BRICS stands for Brazil, Russia, India, China, and South Africa. The bloc will now also include Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the United Arab Emirates (UAE). It’s all part of the BRICS’ plan to challenge Western dominance. And as I’ll show you today, that could have big implications for your wealth. Recommended Link [Down on stocks? Try this instead… 96% OFF — LABOR DAY SALE]( [image]( Try what Brad Thomas calls... The "Amazon secret royalty program." In short, it’s a simple way to collect up to $10,000 (or more) in “royalty” payouts depending on the size of your investment... As soon as September 10th… Brad has been collecting “royalties” for years... It helped him change his life... And he’s already shown over 100,000 regular, everyday folks how to get started... Like Neil P., Tom K., and Elaine T., who are already collecting as much as $30,000 in payouts from “royalty programs” just like this...* [In this short video]( Brad reveals how it works... And you could earn up to $1,000, $5,000, or even $28,544 per year or more as soon as September 10th... Click the link below for the free presentation to learn how to get started. [“Yes, Show Me How”]( *Verified review. Past performance does not guarantee future results -- Challenging Western Dominance If you’re a paid-up Distortion Report reader, I first put this trend on your radar in our August 23 issue. The BRICS 2023 Summit was in full swing as we went to press. In the issue, I wrote that: One primary topic for discussion at the 2023 Summit is a possible expansion of the BRICS to include additional countries. The next day, the BRICS announced their six new member countries. This development is set to become official in January 2024. And it’s a big deal, for two reasons. First, because three of those countries are among the largest oil producers in the world. Second, it sets the stage for more dynamic economic opposition to entrenched international organizations like the G20 and the International Monetary Fund. That’s because, as those organizations struggle to remain unified geopolitically, other international entities are lining up to challenge their global economic influence. And that’s where this expansion of the BRICS comes into play. You see, the BRICS are working to challenge Western dominance. And with that, the trend of “geo-protectionism” is growing. What do I mean by geo-protectionism? It’s a term I coined in my latest book, Permanent Distortion. Geo-protectionism and the rise of BRICS happened in tandem. I saw this trend well before it became headline news, as my books show. As I explained it there, the BRICS nations wanted to protect their economic stability from monetary policies that could harm them. The BRICS bloc was not like NATO, a regional defense alliance. And it wasn’t like NAFTA, an economic trade partnership. It was not based around regional relationships, cultural similarity, or even military power. The initial motivating factor was financial defense – as protection against the Western nations. The BRICS bloc took true shape in order to hedge the financial instability that leveled the global economy in the 2008 financial crisis. I wrote about this in my 2018 book, Collusion. Recommended Link [WARNING: Mandatory U.S. Dollar Recall to Begin on September 20th]( [image]( If you have any U.S. dollars in your bank account… You must see [this shocking video exposing the government’s new plan to recall the U.S. dollar.]( According to Business Insider, this recall “could be imminent.” And if you don’t prepare now, you could end up holding a bunch of worthless U.S. dollars. [Click here to see the three simple steps you can take now to protect your life savings.]( -- New World Order What that all means is that the rise and expansion of the BRICS as an economic bloc is a strategic move to build financial defenses and ensure stability from an increasingly unstable West. China and Russia in particular have emphasized a New World Order… One that competes against or at least counterbalances Western interests. And one major way they’re looking to level the global playing field is by reducing dependence on the U.S. dollar. Here’s what I wrote to Distortion Report subscribers on August 23: At one point, hype over the “death of the U.S. dollar” for international trade and services was seen as niche financial chatter. Today, it seems only a matter of time – not until the dollar is gone, but until a rising competitive currency emerges to challenge it. By adding three of the largest oil producers in the world, the group is positioning itself to take on a major sector in global trade: oil exporters. By reducing U.S. dollar-based purchases in the global oil market, and replacing the U.S. dollar with an alternative currency… They can siphon off a portion of U.S. oil or petrodollar trade. To be clear, a decisive global shift away from the dollar is not going to happen overnight or even in the near term. And the extent to which this just-announced alternative currency relies on a gold link or a commodity basket still remains to be determined. But this is a big step. It’s a big step towards reducing U.S. dollar influence in energy and energy-related trade. Recommended Link [PhD Predicts America’s Next ‘Nightmare’ Coming in 2024]( Take a look at this… [image]( According to research by investigative journalist Dr. Nomi Prins, some stores have stopped honoring their own shelf prices… In the coming weeks, the cost of your favorite items will soar overnight – while others will crater. And the markets will enter a new era of chaos… Unlike anything you’ve seen in your lifetime. As a matter of fact, according to Dr. Prins, in as little as 60 days, the market will be very, very different than it is right now. All because the coming ‘price shocks’ could affect every financial decision you ever make with your money – EVER again. To explain all the details and to warn Americans, Dr. Prins sat down for an in-depth interview where she breaks everything down in full detail. [Please watch Dr. Prins’ warning before it’s too late.]( -- What This Means for Your Money Today Sectors like gold, nuclear energy, and industrial metals are going to see more demand from within the BRICS+ bloc as part of this growing geo-economic shift. Here’s why… Almost every member of the BRICS, in its growing bloc, has placed a core emphasis on working together when it comes to energy. From sharing traditional energy supply… to green and renewable sources and resources… to infrastructure development plans. And, as I mentioned, one of the countries joining the BRICS is oil giant and Middle Eastern power, Saudi Arabia. Saudi Arabia’s economy stands to gain from oil demand from the BRICS+ bloc. That’s because, as this shift during de-dollarization starts to begin and take hold… Or if other BRICS members look to the Saudis for trade alliances outside of oil… Buying oil in alternative currencies to the dollar could diffuse some of the might that the petrodollar system has enjoyed since the 1970s. And it’s not just about oil. Saudi Arabia is also looking to diversify throughout the energy sector. They’re exploring ways to become the world’s largest hydrogen producer, and they are buying up rare-earths mines. This is just one of the geo-economic changes on the horizon that I’m going to be watching closely from the BRICS+ bloc as we move on. Meanwhile, getting positioned in these areas now can serve as an investment opportunity and a hedge. This New World Order distortion could push the price of energy, energy technologies, materials, and commodities upward. Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins P.S. As I said above, the BRICS are working to challenge the U.S. dollar. But they’re not the only ones… The Federal Reserve, the White House, and the financial elite are set to enact the [biggest change to our money since 1971](. I’ve found evidence that they’re colluding to virtually “ban” cash – leading to the end of the dollar as we know it. But there’s one asset that can help you become your own banker and escape the clutches of this power grab. [Click here to learn more.]( --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). IN CASE YOU MISSED IT… [Sell Every Stock Except ONE (ticker revealed)]( Jeff Clark predicted the crashes of 2008, 2020, & 2022 – helping his readers dodge huge losses. 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