BRICS Summit Bombshell: The New World Order in Finance

all right so things are getting really exciting stocks are at an all-time high Bitcoin all-time high and if you've been watching the news you might have noticed something big just went down it's not another fed meeting where they lowered interest rates by a quarter perc or Elon Musk or president Donald Trump winning the election I'm talking about this this could be a new world currency that we could start seeing really soon and that's all thanks to the latest bricks Summit which was held in Kazan Russia at the end of last month and Bricks is the alliance of countries that are challenging the United States including Brazil Russia India China South Africa and now several more countries that they've added to their team which combined now have a bigger GDP meaning they make more stuff than all the G7 countries combined this meeting was so popular even the Taliban was like hey we don't see ourselves on the bill where we at now the good news they were denied entry but now bricks is not just a buzzword it's actually a group of countries that's now creating their own payment system called bricks pay which is trying to Dethrone the US dollar as the world's main currency but on the flip side the dollar is actually getting stronger and Russia says they might not ditch the US dollar now that Donald Trump is reelected so we could see some really exciting stuff and in today's video I want to help explain what was said in that bricks meeting how all of this could affect our investment how I'm investing my money and I'll give you my portfolio update so let's get into it hi my name is Andre J hope you're doing well come for the finance and stay for the bricks I'm back and I was in Japan and Thailand I then my body got sick and it just gave up so I was sick for 3 weeks but now I'm back my voice is still gone but let me start by first breaking down what happened at the summit and then I'll explain how I'm personally adjusting my own investment strategy but let's start with the very basic question of how did we get to a point where brics now represents almost 34% of the Earth's area 36. 7% of the world's GDP 24 1. 5% of all the export volume over 45% of the world's population almost 40% of the industrial production and over 40% of the world's wheat Harvest and for that we have to go back to the 1930s back in the 30s the US was facing the Great Depression things were pretty bad one in four people had no jobs there was a lot of poverty and economic stagnation but World War II changed everything the US started to make stuff for the war which boosted the economy and ended the depression this shift made the US an economic Powerhouse and the dollar became the best money for global trade then in 1944 at the brettonwoods conference the US used its economic strength to make the dollar the main Reserve currency or the world Reserve currency it's a move that most countries around the world were in favor of because their economies weren't doing as well those countries started to tie their currencies to the US dollar and in the 1970s president Nixon ended the Dollar's direct link to gold which started the fiat currency era and then eventually the decline of the US dollar from that point onward but that's not what caused all of this instead over the years the cause was global conflict sanctions and weaponization of the dollar and now those bricks countries view the dollar as a limitation to their growth which is why they're now working on building their own Financial systems outside the US dollar and that's exactly what these bricks meetings are all about and here's what happened at the most recent one and maybe one of the most ambitious announcements in that meeting was bricks pay an alternate payment system that doesn't rely on the US dollar at all and the most interesting part about it is the controversial story of how it was created because in 2019 Switzerland's Bank of international settlements started to work on cbdcs Central Bank digital currencies a global payment system to compete with crypto so Switzerland along with a couple partner Banks started to work on one of the highest profile Payment Systems in the world called project embridge and in 2021 they reached What's called the MVP or the minimum viable product phase meaning they tested it it worked and they were able to transport billions of dollars across the world instantaneously for almost nothing and just a little over a week ago the bis suddenly backed out of the project now the rumor behind why they backed out after its success was because of who was part of creating embridge it was China United Arab Emirates and Iran which just happened to become the new members of The brics Alliance so the worry is that embridge could be taken and used by people like Putin and Russia to create their own system for the bricks countries and it just so happened that a payment system was announced at the latest bricks Summit bricks pay he's like Apple pay but the but they pay now what's interesting is that brics pay is based on decentralized technology except their system uses a QR based app for bdb payments and for institutions and at that brick Summit they gave out physical cards with 500 rues on them as a symbolic gesture of what's to come and they say that their goal is to be independent of Western payment systems by the end of 2024 and if they succeed that would ultimately reduce their dependency on the US dollar now at that meeting they also welcomed four new member countries Egypt Ethiopia Iran and the United Arab Emirates each of these countries bring something unique with their own strengths and resources it gives them expansion into Africa the Middle East and Asia but another thing that happened at this meeting was that they promised to strengthen the new development Bank by giving out loans own to developing countries now their goal is to give at least 30% of their financing in the local currency of the borrowing countries as an alternative to the IMF now the IMF is a central bank that lends money to developing countries in exchange for policies that usually help the west and countries like the us but this new development bank will offer loans without any Western strings attached making it more appealing to countries that want nothing to do with the US and the way they'll do that is the NDB will give out loans in non Us doll currencies to ease repayment for developing nations these steps are just to build the foundation for bricks to gain resilience against things like us sanctions which have been a point of tension especially for countries like Russia the question is why does this even matter and it matters because the US dollar has been the world's Reserve currency for decades meaning it's the default choice for global trade and I cannot overemphasize just how much that status has helped the US economy and consumers and investors by making everybody that held Assets denominated in US Dollars a lot richer so if brics has its way that could change now my next question is how would it exactly affect my portfolio of stocks Bitcoin and real estate and one thing we know for sure is that investors don't like uncertainty and a rival Financial Group could create a lot of that especially with the idea of creating new trading systems outside of wall Street's influence we're talking about a bricks backed Commodities exchange potentially and if it actually gets traction oil and grain prices might start to shift we could start to see a decline in US influence over global commodity prices it's like what OPEC did with oil but on a bigger scale and across multiple Industries and with more countries joining bricks it's becoming an attractive option for countries that feel sidelined by Western policies countries like turkey Saudi Arabia are reportedly interested in joining and so are dozens of other countries too and why wouldn't they for countries that want more Independence or don't see eye to eye with US policies brics offers a solution and if this alternative takes off we might see the dollar be used less and less in international trade transactions and if we continue to print more dollarss as a means to pay our debt which is projected that that's exactly what's going to happen in the next few decades more dollars will stay in the US and more dollars at home means more dollars chasing fewer Goods which means prices will continue to go up now let's take a step back and think about this from an investment perspective because is there any asset class that doesn't turn red or green for the same reasons as other Investments and ideally something that holds its value internationally and something that tends to increase in price over time UBS actually did this amazing study showing that over 85% of high net worth population that surveyed felt that art was a safe investment compared to traditional assets like stocks not just that the Art Market is actually growing like crazy internationally right now with the ultra Rich from China having the highest expenditure on art for the last year and a half more than double that of any other region so let me show you how I became an art investor myself but without needing m ions see Masterworks has allowed everyday investors to get in on multi-million dollar Investments like Banky bosot and Picasso I've worked with Masterworks for a while now and have invested along with thousands of you Masterworks isn't just an exchange it's not just an app they provide a service personally I hold a stake in this bosot and even better Masterworks most recent sale was actually another bosot which sold for $8 million not to mention they've delivered annualized net returns like 17.

6 17. 8 and 21 half% to investors from their 23 sales to date so if you're interested you can join me at Masterworks by going to the QR code or by clicking the description below but besides a small diversification in art from today's sponsor Masterworks here's how I've divided my net worth keep in mind this is just me I'm not saying you or anyone else should do what I'm doing but here it is 20% of my money is invested in Bitcoin now there's a lot of explanations for why Bitcoin should go up in price but here is my favorite this right here is a breakdown of the global asset values meaning the value of all the things in the world stocks real estate art bonds gold everything it's worth about $900 trillion today it's a big world and it's a big number so big that my tiny brain cannot comprehend that number so let me just shrink it down to something that I can understand imagine the combined value of all this stuff is $100 this $900 trillion world is actually worth $100 right on that scale Bonds in real estate take up most of this with $33 in bonds and $36 in real estate Stocks by comparison hold a very tiny $11 or so and gold holds a tiny $1.