BRICSTether

The de-dollarization of trade between Russia and China has reached a significant milestone, with the share of the US dollar in bilateral settlements hitting a historic low. This development was disclosed by Georgy Zinoviev, the director of the Russian Foreign Ministry’s First Asian Department. According to Zinoviev, the share of national currencies in Russian-Chinese payments […]

The creation of a single BRICS currency is a long process but the group “will get there anyway,” the Russian Foreign Ministry says  

The UAE will invest more capital in BRICS’ New Development Bank as it becomes a full-fledged member of group, its economy ministry says

Economic interests will likely help the expanded bloc iron out long-standing feuds within

The combined GDP of the BRICS group of countries will top $60 trillion after six new members officially join in January, calculations show

Since the Johannesburg Summit, BRICS has become bigger, more influential and potentially more financially independent

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Willem Middelkoop, Founder and CIO of the Commodity Discovery Fund, who says the BRICS expansion is the next step in an economic war against the West and takes us a step closer to World War III. Middelkoop discusses the BRICS’ decision to extend formal invitations to six new members and the consequences for the U.S. and the dollar. He also raises the topic of an upcoming reset and the new monetary system centered around gold and commodities. Watch Michelle Makori’s previous interview with Middelkoop here:

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00:00 - Intro: BRICS expansion 03:50 - Saudi Arabia and the petrodollar 08:52 - BRICS expansion, oil and the U.S. dollar 14:40 - Common agenda 18:33 - Bretton Woods III, BRICS common currency, trading in local currencies 33:25 - China is taking the leadership role 37:01 - Outlook on the war in Ukraine, Russia 41:01 - U.S. reaction 43:00 - WW3 49:27 - ‘The Big Reset’ and the role of gold 56:57 - Gold price outlook 1:01:46 - Current portfolio allocation + Bitcoin 1:05:09 - Silver __________________________________________________________________ Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news. SUBSCRIBE to our channel to stay up to date on the latest market and industry news. For breaking news, views, charts, and data on precious metals, cryptocurrencies, and financial markets - visit us at

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The French president could use some of the same condescending treatment Brussels gives to EU aspirants