In this video clip from the Jay Martin Show, host Jay Martin gets updates from Luke Gromen regarding recent moves of the BRICS countries towards a new currency, and it’s economic implications … they discuss the recent growth of support and applications from countries attempting to join the BRICS … there are currently 13 official and six unofficial applicants, including Saudi Arabia.

Luke explains the difference between the global reserve currency, the dollar, and the primary reserve asset, the US Treasury bond … the dollar being dominant in terms of international usage and will likely remain so, but the primary reserve asset, US Treasury Bonds – have been losing market share since 2014 … central banks have stopped growing or holding Treasuries and have begun moving to Gold instead.

Regarding de-dollarization, Luke notes that it is a total straw man argument to think that anything will replace the dollar … the system is evolving towards a system where countries can buy energy and other commodities in their own currency and settle in any goods, including gold … with China opening up the Shanghai Gold Exchange, which is an opening of their capital account on a limited basis through gold … Luke believes that this system will continue to evolve, and China will likely play a significant role in shaping it.

See the original video here …
https://youtu.be/yb3u-a0eGek?t=1505

This video was created by The Jay Martin Show … view, support, & engage with more Jay Martin Show content at the following links …

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