EEconomy

BRICS; Saudi Membership, Japan Currency Re-Collapses, Gold Gets Scary; Economic Apocalypse

  • October 20, 2024



BRICS; Saudi Membership, Japan Currency Re-Collapses, Gold Gets Scary; Economic Apocalypse

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As the BRICS summit approaches, there seems to be some confusion and tension between Russia and Saudi Arabia. Is the Kingdom officially joining BRICS or not? Meanwhile, Japan’s currency is starting to collapse once again which threatens to roil global markets. Gold also just made a record high beyond $2,700. Here’s why this actually signals an economic apocalypse.

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✅ Timestamps & Chapters:
0:00 Russia BRICS Declaration
2:36 Will Saudi Arabia Join BRICS?
6:11 Japanese Yen Collapses Again
9:02 Gold Price Signals Apocalypse
11:05 Black Swan Threat

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44 comments

  5. Regardless of the timing of the Kazan meeting, some people may feel they have to wait until US elections are finished. I don't blame the KSA for stalling until they can be more sure of their next move.

  6. what Art Laffer recently said. …

    Basically, the US debt is not the real problem, even though is in bad shape. The Real problem is what all the debt and money printing is being used for. Is being used for transfer payments from one group of people to another and teaching millions of citizens that they don't have to work. The money should be used to build America's wealth in infrastructure, bridges, roads, small business support, etc. Additionally, the US is spending insane amounts on the military while continuing to promote empire. The US continues to bomb countries while China continues to build up countries with their Belt and Road Initiative. The US bombs while China builds.

    America is in rapid decline in several ways… sad to watch how both parties continue to support this failing strategy.

  7. Nonsense, while the 16th BRICS forum is coming! Why are you spreading lies? Saudi Arabia will not leave BRICS, it is not in its interest. It is a country that you do not know. Nor the others..

  8. Saudi would like to, but can’t, join BRICS. You oversimplify the consequences for Saudi and MBS, if MBS joined BRICS the USA and the West would topple MBS and put a puppet in his place. Reagonomics and Thatcherite policies completely changed the world, libertarian policies reduced the Government’s influence not only in Economic affairs but also gutted Western foreign policy because Libertarians don’t want Government involved in most things.

  11. The Saudi FM IS attending, since MBS is certainly facing issues at home – his "rule" is very dependent on the generosity of others in the "family", so he has to tread a very fine line. Whether they join BRICS+ is irrelevant for the Consortium – if the Saudis prefer to suck up to the US, let them. It will be to their disadvantage in the medium to long term, especially if "others" view them as a weak, US vassal (which they are).

  13. Whilst Kamala would be bad, looking on the bright side, Trump and his "Tariffs and Sanctions on everyone" policy will certainly help a lot in the destruction of the US economy.

  20. One statement: "DJT will punish the world" is a typical MSM fear-mongering hype. Isn't life expensive, chaotic & dangerous enuf in just 4 years of Democrat rule? DJT wants to correct these democrat abuses. Some decisions won't work but the INTENT is NOT to punish but to correct & restore. Such as ending the wars & the latent corruption that drives the govt to carry out the greatest transfer of wealth in history while denying it's own citizens of desperate help.

  21. It should be obvious to the Saudi at this point, there is no protection in being a US/Zionist ally, you have to be pretty dense not to understand this.

  22. It would be hitting oneself with a brick on the head to rejoin US in the petrol-dollar deal. Whether Saudi Arabia joins the BRICS or not, the prince has already sent the message that the US dollars has lost its credibility.

  23. It will be very interesting to see if China is willing to expand its military reach. They have been wise not to entangle themselves in security pacts like the United States has, but you can’t grow your influence without showcasing some muscle. In the case of Saudi Arabia, they heavily rely on the U.S. for security. If China were willing to step up to the plate, Saudi Arabia might reconsider its security dependency on the West.

  27. The Saudi's was always going to reject The BRICS because all of their money is still held in US banks. This is why BRICS said that they now want like minded countries to join. Too many countries want it both ways and they may cause problems.😊

  30. If Saudi refused to join, it is obvious that Saudi is the lapdog of the Western government. They do not have the free will to think on their own and the country is still under the colonisation of the US.

  32. No, Miss Yellen, sending all American jobs to China was extremely harmful to Americans. Not mention stealing the purchasing power of the currency. people are onto the one world government scam.

  34. The 78-year-old Brazilian President (Lula ) suffered an accident at home, causing an injury to the occipital area of ​​the back of his head. It is not suitable to travel by plane. On October 20, he announced that he would cancel his trip to Russia to attend the BRICS Summit, but he would attend the BRICS Summit via video link. way to participate.

  38. BRICS WILL PREVAIL WITH OR WITHOUT SAUDI ! If Saudis wants to stall and sit on fence let them .. the snowball effect has starts and well on its way to gather momentum

  39. 2024-10-18 Mexico said was that they will Not buy anymore USA Treasury Bonds and that they will heavily buy gold instead, they will continue to use USA dollars for their transactions but they will back up their Mexican peso with gold as a reserve instead of USA issued bonds, they are preparing for the new gold standard backed currency's

  42. Well the US/Trump can easily quickly change its minds regarding tariffs. However, it is not defintely in US interest/good for long term like at least 5-8 years longer. US will fall far behind on renewables and EVs and US oil will be rendered as junk and more costly to produce.
    AI superiority is largely reduces workers but it does not create products, only make better products. China will not be far behind on AI, besides Open source will win again and again

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