Brace yourself, BRICS nations are teaming up for a game-changing move – 247

So Brazil Russia India China and South Africa plan to introduce plans for a new Innovative currency There have been talks of a new world Currency coming our way Benzinger reports the brics alliance is Exploring the idea of an Innovative Currency and plans to share proposals at The upcoming Summit in South Africa Brics is an acronym standing for the Five leading emerging economies Brazil Russia India China and South Africa Deputy chairman of Russia's Parliament Alec Alexander balikov claims the plan Will initially transition from using Domestic currencies and transactions to Introducing a circulating A digital circulating digital or Alternative form of groundbreaking Currency in the near future he's hoping The summit scheduled for August this Year will show how ready bricks is to Implement this initiative during the Saint Petersburg International economic Forum during event in New Delhi India Babakov stressed the importance of both Nations working towards a new form of Payment saying that digital payments Could be the most promising and viable According to coin Telegraph he feels the Currency could benefit China and other Brics members Quote its composition should be based on Inducting new monetary ties established

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On a strategy that does not defend the US dollar or Euro But rather forms a new currency Competent of benefiting our shared Objectives end quote while it's Tentatively set to be announced this Year this plan has been in motion for Quite a while back in 2019 members of The of the block were discussing the Creation of a new digital currency for a Unified payment system China is already Ahead of the game with its Central Bank Digital currency project and Brazil is Right behind them with crypto adoption And legalizing it as a payment method Meanwhile the United States continues Its war on cryptocurrency with Finance Regulators closing in on the embryonic Industry brics will likely become Stronger as other nations such as Argentina Iran Indonesia Turkey Saudi Arabia and Egypt intend to Become part of its economic block Today's sponsor is BT miners BT miners Has been a long time sponsor of the Channel and a proven reliable source for Asic miners if you're looking to Purchase Asics Hardware from Bitcoin to Dogecoin miners they are available for Purchase on Bt-liners.com BT miners is a trusted Source by both asicminervalue.com and Crypto miner.com follow the affiliate Link in the description and tell them so

Sent you to support the channel now We've been talking about this for quite Some time and there has been this Concept globally of the D dollarization And that basically means getting off of The US dollar as the international Reserve currency and the reason the Different nations especially these that Are involved within brics want to do That is because they want to have Basically a stronger economy versus the US And as we move closer and closer to what I refer to as the digital Revolution uh Site sources from Both soft War which I highly recommend You guys read as well as the sovereign Individual which was released in the 90s What what you'll find I think is that we Are headed towards essentially a Splitting of paths here and it will go From either where where our current Economic economic system is to a more Centralized one or to a more Decentralized one If we're debating between central bank Digital currencies within individual Nations that's still more centralized Than we would see with something like Bitcoin however if we look at something Like bricks where you have multiple Nations working on some sort of digital Currency that's even more centralized Than single individual Nations and it

Can put the Power underneath basically a Single regime and that is even more Dangerous so we kind of have steps and Levels going on here as we move into the Digital Financial Revolution and making Sure that you are paying attention to This and and speaking with your dollar Right or lack of your dollar is going to Play a big part in this and I think Strategically as we move forward if you Are you know a U.S citizen it's Important to state that you support you Support regulations that will build up Cryptocurrency things like Bitcoin in The decentralized manner and use that as A strategic economic play as opposed to The way it's being approached now which Is trying to shut it down out of fear That it might replace the US dollar Because replacing the US dollar with Bitcoin would be a lot better than Replacing the US dollar with a reserve Currency that's run by basically the Enemies in by by and large at least Economic enemies competitors let's call Them uh overall right so This is kind of where Jason Lowry went With like the software but To another degree of including power Into that and one of the things that Gets misrepresented a lot when we talk About this especially within the Cryptocurrency spaces is you'll have These people that are like pushing for

Proof of stake and so on Proof of stake doesn't offer the same Strategic position as proof of work and That is because the point of proof of Work is to make it Basically economically Uh economically dis disadvantaged to to Attack the network right and we talked About this before so I wanted to bring This up because it's obvious that this Is the this is the path that we're going In and it looks like the levels could Get a lot worse than just say like a Cbdc in China and a cbdc in the UK and a Cbdc in the U.S in the cbdc in Russia That's at least you have different Nations working there and the people can Work within that you know where we're Headed now as it appears is that there Will be a cbdc of I don't know the Soviet Union just maybe a little Fear-mongering there admittedly or in a Cbdc of the the freedom capitalists or Whatever it is right like at the end of The day It's better to go more decentralized Than than less right so hopefully uh What we'll see is people starting to opt Out right and maybe people are already Starting to do that as you guys see the Title crypto investors are not paying Taxes for 2022. there's probably more Reasons to that of course but all in all Like I think we are starting to see more

People opt out of the US dollar For sure and then opt out of traditional Fiat currencies secondary to that right And it's it's quite clear that like China Russia all of that bricks in General is trying to opt out of the Dollar and It's going to be interesting to see Where it goes from here thanks for Checking out this clip from the crypto Mining show you can check out the full Episode here or more crypto content down Here also I'd like you to check out my Locals page at son of a tech.locals.com Where you can become a member for free Or choose to be a five dollar a month Supporter that unlocks additional Content

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