The year 2023 is going to be the year of the BRICS, according to renowned financial industry analyst Andy Schectman. BRICS is an acronym for Brazil, Russia, India, China and South Africa.
"I look at 2023 as the year of the BRICS. I really, truly do. I think you're going to see an acceleration of all of these alliances and when they come out and tell us now, I expected it to happen sooner. But maybe it happens in 2023," Schectman told host Dunagan Kaiser in a recent episode of the "Liberty and Finance" podcast.
"When they tell us what their new reserve currency really consists of and what commodities are going to be used to back it and how they will show us what commodities are backing their new currency. I think it's going to be something to see, and I do believe it'll be in this administration. And if I had to guess it will be in the first quarter of 2023, we will see the new BRICS currency." (Related: BRICS member nations are creating new reserve currency to challenge the dollar, Andy Schectman tells Mike Adams.)
Schectman, president and CEO of Miles Franklin Precious Metals, said members of BRICS have been very methodical in the way that they are putting it all together as shown by the Belt Road Initiative and the Shanghai Cooperation Organization.
According to Schectman, the BRICS nations have all of the commodities needed to build a war chest. He also noted that the United States is doing everything in its power to incite the rest of the world to look elsewhere.
Kaiser mentioned that he recently interviewed well-known stockbroker Alasdair McLeod. The host said McLeod talked about the retreat from so-called lines in the sand that are being drawn by various governments and central banks, among others.
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Schectman said this is the kind of reason that incentivizes the BRICS nations to move away from the West. He noted that Western countries are able to make and break the rules to fit into their agenda, namely the manipulation of Mother Nature and the suppression of interest rates.
West's propensity to lie gives other countries more reason to join BRICS
All of this boils down to the ramifications that are associated with the suppression of interest rates by Western banks, said Schectman. He pointed out that the propensity of western countries to lie and manipulate their way out of trouble is bringing everyone else to the table.
"The biggest money in the world knows that other nations are going to transition away from debt instruments that allow Western countries to manipulate and lie to commodities pegged to an immutable ledger," he said.
"The BRICS nations are bringing in other countries, including developing nations and small countries that want to be part of something new and free from the system of Western dominance."
The Miles Franklin Precious Metals president and CEO said what makes the BRICS so significant is that the U.S. and other Western nations are going to deal with countries that together are going to dwarf America's military.
"It is a new game," Schectman said. "And people need to understand that regimes change along with the reserve currencies and world superpowers."
Follow CurrencyReset.news for more news about the coming BRICS currency.
Watch the video below to know more about the BRICS coalition.
This video is from the Liberty and Finance channel on Brighteon.com.
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