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BRICS Creating New Currency Backed by Gold, Soil, Rare-Earth Elements

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While the media in America has been laser-focused on the arrest and indictment of former President Donald Trump, the rest of the world hasn’t stopped spinning. Instead, many of the United States’ geopolitical rivals are taking this opportunity, while America is distracted, to make their moves.

For instance, the BRICS nations (an organization, similar to the Group of 7, for the leading and emerging economies comprised of Brazil, Russia, India, China, and South Africa) are working to create a brand new currency of their own that will be pegged to physical assets, such as gold. Together, these five nations represent 26 percent of the world’s land surface area, 41 percent of the global population, and approximately 31.5 percent of the global GDP.

And these BRICS nations are currently making large moves to supplant the U.S. dollar as the world’s global reserve currency—meaning that this group of nations, representing about 40 percent of the world’s people (and a growing portion of the world’s GDP) are actively working on developing a new currency in order to bypass the U.S. dollar.

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