BRICS, FedNow, & CBDC | The New Economic Order | The Gold Spot

Ironically, the economic status quo is being threatened by a potential return to the gold standard and the rise of digital currencies at the same time. These developments might seem like opposites, but their threatened implications are similar. Investors are justifiably concerned about the security, stability, and predictability of the economy.

The BRICS nations have been generating a lot of confusion and uncertainty surrounding the proposed BRICS currency. In contrast to their presentation as a united front, the BRICS countries have different economic needs and goals. They simultaneously rely on the US dollar for stability while decrying the American influence derived from dollar hegemony.

The only way these countries could convince the world to pursue complete de-dollarization would be to develop a gold backed currency. It’s virtually impossible for any fiat currency, even the mighty USD, to compete with the most secure asset in history: gold.

At home, the government is moving closer to a digital dollar. The FedNow program is advertised as an internal payment system, but many investors are seeing the dystopian forest through the trees claiming these moves are nothing more than examples of extensive government overreach.

Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin Founder Eric Sepanek and Precious Metals Advisor John Karow explain the contradictions behind the BRICS currency, the privacy threats of a Central Bank Digital Currency (CBDC), and the future of physical gold as an alternative currency.

READ MORE HERE: https://www.sbcgold.com/blog/brics-fednow-cbdc-how-investors-can-protect-their-wealth-privacy/

🔗 RELATED LINKS:

🇧🇷🇷🇺🇮🇳🇨🇳🇸🇦 BRICS Currency: What It Is & What It Means for Investors: https://www.sbcgold.com/blog/brics-currency-what-it-is-what-it-means-for-investors/

👁️ Executive Order 14067 & CBDC: A Threat to Your Privacy?: https://www.sbcgold.com/blog/executive-order-14067-cbdc-a-threat-to-your-privacy/

🏦 Bracing for CBDC: Unmasking Key Risks Investors Should Prepare For: https://youtu.be/Er3FepT0R7k

🔒 Safeguarding Your Wealth Amid Petrodollar Shifts: https://youtu.be/DjyyrJ-sqes