In this episode, we dissect the seismic shift in global politics and economy from the recent BRICS Summit. Get ready to understand how this powerful bloc, bolstered by six new nations, is disrupting the status quo and challenging the world order typically controlled by the G7. Find out if this may really be the end of the petrodollar.

Highlights:

● “Brics, literally overnight, transformed into the single largest economic and political bloc on the planet! The global GDP-purchasing power parity of BRICS 11, as it stands, is now larger than the G7.”

● “One in every 2 barrels of oil produced on the planet comes from BRICS member nation! Russia and Saudi Arabia alone account for a quarter of the world’s oil production.”

● “Countries like Saudi Arabia and the UAE no longer fear Western sanctions. Russia proved that if you’re a commodities-based economy, all the cash-based sanctions fall flat. They ultimately prove ineffective! And so, commodities-rich nations are now asserting their independence, and joining up with BRICS to form a commodities and manufacturing superpower!”

Timestamps:

[00:49] BRICS+ gaining economic and commodity dominance around the world

[03:12] How Russia’s Special Military Operation in Ukraine continues to be significant for the formation of this alliance

[06:50] The most earth-shattering developments to come out of the BRICS summit - bypassing the US dollar

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Ep. 1909 Is THIS the END of the PETRODOLLAR？