Some “BRICS News” Thursday 5-30-2024
BRICS Announce Resolution For New Payment & Settlement Activities
Arcadia Economics: 5-29-2024
The BRICS International Financial and Economic Forum opens on Monday in Moscow, and according to the organizing committee of the forum, a resolution will be adopted on new payment, settlement, and emission activities of the countries of the association.
We've talked on the show previously about a currency project called The Unit, that is reportedly being moved forward with the BRICS Business Council as a potential structure for a payment settlement mechanism.
And now the latest announcement sheds more light on what the BRICS are aiming for, with the information this time coming directly from them.
Vince explains what happened and what it means, and also goes through the latest gold and silver news and developments. To find out more, click to watch the video now!
BRICS Expansion: Venezuela Officially Ditches Dollar!
GlobalEconinsights: 5-29-2024
BRICS expansion: Venezuela officially ditches Dollar! In a move signaling a shift in global economic power, Venezuela has officially announced its decision to ditch the dollar in favor of closer ties with the BRICS nations - Brazil, Russia, India, China, and South Africa.
This strategic move is seen as a significant step towards reducing dependency on the US currency and forging stronger alliances with emerging economies. Stay tuned to learn more about how Venezuela's decision to join the BRICS alliance could impact the global financial landscape.