The Shanghai Exchange Corporation and Russia are working on a BRICS payment system. Watch the water. …Goldilocks https://tass.com/economy/1824025#amp_tf=From%20%251%24s&aoh=17228107385705&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Ftass.com%2Feconomy%2F1824025 https://unitingtocombatntds.org/en/get-involved/events/brics-summit-2024/
- This new International Digital Payment System is expected to be discussed at the BRICS summit on October 22nd through the 24th of 2024.
- After discussions during the summit, Russia in cooperation with a Shanghai Exchange Corporation will begin the implementation process of moving the trading world into a new payment system. Remember, this is over 80% of trade that takes place around the world on the water, and it has the power to influence exchange rates.
- Many countries are already beginning to join the BRICS Nations as trading partners utilizing a gold standard in trade to level the playing field. Other countries will be added as we go along.
- This is expected to change the Global Financial system in a profound way especially in the area of currency valuations being traded locally instead of through the dollar as the World Reserve Asset.
- From that point on, we can expect changes to begin processing themselves AS the BRICS Nations begin to mobilize their new payment system.
- I am not calling an RV date at that time, but I will say that price pressures on new currencies being utilized on the market will begin to show signs of new movement.
source: Dinarchronicles
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