In one week, everything could change for the US dollar. The BRICS nations are gearing up for a major event in Russia, with China at the forefront. This rapid acceleration towards a BRICS currency, backed by gold and commodities, has the United States scrambling. Donald Trump recently warned of the dangers of countries moving away from the US dollar, likening it to a "revolutionary war."
The Biden administration is in panic mode, as evidenced by Janet Yellen's trip to China and Antony Blinken's diplomatic overtures to Beijing. Their mission: convince President Xi Jinping to stop supporting Russia. But this situation has been brewing for years. Our sanctions against Russia following the Ukraine invasion only accelerated the shift away from the dollar.
Historical Context and BRICS Emergence
Back in 2014, the US-backed coup in Ukraine and NATO's eastward expansion pushed Russia to the brink. Moscow responded by invading Ukraine, triggering sanctions that ultimately harmed the US economy more than Russia's. With the US dollar dominance in question, Russia and China started plotting an alternative currency, aiming to end reliance on the greenback. The BRICS nations, representing Brazil, Russia, India, China, and South Africa, began collaborating on a commodity-backed currency.
This month, several African nations, including South Africa, Cameroon, and Nigeria, announced their intentions to repatriate gold from the United States. The message is clear: the era of US dollar hegemony is waning.
Global Realignment in Motion
In recent weeks, tensions between Western and Eastern powers have escalated. In Niger, American and Russian troops stood face to face, as the African nation turned to Russia for security against US and French interference. Europe is feeling the heat too, with French President Macron warning that Europe is "facing death," and EU Chief Diplomat Josep Borrell predicting Ukraine's collapse in two weeks.
On May 14th, BRICS nations will gather in Moscow for a conference focusing on currency. China's involvement will be pivotal as the Yuan continues to strengthen, challenging the dollar's global supremacy.
Financial Fallout and Implications
The implications for the US are profound. If a BRICS currency materializes, it will pose a direct threat to the US dollar. Meanwhile, gold prices are surging as BRICS nations stockpile precious metals to back their new currency.
In a striking move, Putin ordered the seizure of billions of dollars worth of JPMorgan assets in Russia, signaling a new era of financial warfare. This retaliation came after the US and its allies froze Russian assets in Western banks. The battle lines are drawn, and the world is watching closely.
What Can Investors Do?
Your money isn't safe in traditional assets like stocks and bonds, given the current volatility. Tangible assets like real estate, particularly in the build-to-rent sector, offer more stability and better returns. As a longtime real estate investor and founder of Morris Invest, my team and I can guide you in securing your financial future.
Build-to-rent real estate provides:
- Lower Risk: More control than flipping houses or investing in REITs.
- Steady Returns: An 18% internal rate of return.
- Tax Benefits: Free cost segregation reports and increased tax write-offs.
- Positive Cash Flow: Tenants pay down your mortgage, generating passive income.
We work with you throughout the process to build a hands-off real estate portfolio that safeguards your wealth.
Conclusion
The countdown to May 14th is on. This conference could redefine global currency markets, leaving the US dollar exposed and vulnerable. The world is realigning, and it's crucial for investors to follow the money, the gold, and the opportunities beyond traditional financial assets.
Don't get caught off guard—prepare for the seismic shifts ahead by diversifying into tangible assets that offer real security.
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