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The BRICS nations are rapidly advancing toward creating a groundbreaking global settlement currency known as the “unit,“ which could potentially disrupt the foundation of the international financial system. Unlike the much-speculated BRICS currency, the unit is a settlement mechanism designed to streamline trade among BRICS nations, supported by a unique structure. Andy Schectman, CEO of Miles Franklin, analyzes that this innovative system aims to reduce dependence on the U.S. dollar, offering an alternative that bypasses traditional Western financial systems like SWIFT. What makes this development even more remarkable is the inclusion of Saudi Arabia, the world's largest oil producer, into Project mbridge, a cross-border payment system designed to allow nations to trade digital currencies outside the scope of Western banking institutions. Saudi Arabia’s integration into mBridge underscores a broader shift away from traditional USD-denominated transactions. The platform’s capability to facilitate CBDC transactions, particularly in currencies like the yuan, signals a potential challenge to the dollar’s supremacy in global trade, especially in commodities such as oil. China’s recent use of digital yuan for oil purchases at the Shanghai Petroleum Exchange exemplifies this trend, showcasing its commitment to internationalizing the yuan. This move, alongside mBridge’s emergence, suggests a gradual but significant recalibration of global financial dynamics. We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news. We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video! Credit: Kinesis Money Is the dollar doomed? Feat. Andy Schectman - LFTV Ep 186 #gold #goldpriceprediction #andyschectman
