New GEOPOLITICAL REALITY: BRICS Unite Against the WEST
July 12, 2024
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as posted by the channelTrish Regan and Rob Hordon, Co-Founders of the investment research firm 76research, discuss the intensifying geopolitical conflict between the continuously expanding BRICS coalition (Brazil, Russia, India, China, South Africa) and Western powers. U.S. foreign policy over the last decade has sought to punish and marginalize Russia over Ukraine, but in many ways Russian power has only grown. In recent days, the World Bank has upgraded Russia to a "high income" country. For investors, there are significant implications to the global shifts that are taking place.
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While the U.S. plays host to NATO, world leaders this year gather in Russia for multiple BRICS summits. A waitlist forms for BRICS membership, as countries that have historically had close ties to the United States, such as Thailand, seek entry. On the agenda is a potential new currency union, as BRICS central banks continue to accumulate gold and move away from the U.S. dollar.
#stockmarket #brics #reservecurrency #nato #trump #trishregan #gold #goldstandard #centralbank #g7 #lavrov #putin #modi #brettonwoods #ukraine #india #sanctionsonrussia #foreignpolicy
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