What Are the BRICS Planning With the August 22nd Durban Accords?
www.birchgold.com
On August 22nd, leaders of the BRICS nations are meeting to launch the Durban Accords. Here’s what that means…

My sources indicate the BRICS currency could be backed by commodities produced and traded by BRICS nations – things like oil, industrial metals and grain – or, more likely, gold.

Backing their new currency with gold would be an obvious move for the BRICS. China and Russia are, respectively, the world’s #1 and #2 gold-mining nations (South Africa and Brazil are #13 and #14, respectively). Both China and Russia already have sizable official gold reserves (6th and 7th largest in the world).

That, in essence, is what the Durban Accords are all about:

  • An alternative to U.S. global financial dominance
  • A method of avoiding the weaponized U.S. dollar
  • A way of avoiding inflation caused by excessive dollar-printing
  • A means of simplifying and streamlining the bilateral trade agreements already in place