BRICS has a loaded plate of discussion ahead at its upcoming summit in less than two weeks. Amongst the topics up for debate are expansion into BRICS+, as well as the gold-backed BRICS currency. Part of BRICS’ mission is de-dollarization, and Wall Street expert Robert Kiyosaki believes that the bloc is set to “de-dollarize the world.”
The investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ has said that “approximately 41 nations, possibly even France” would “gang up” in the August 23 meeting in Johannesburg, South Africa “to ‘de Dollarize’ the world, according to the tweet he posted on July 26. He also offers his opinion on the blueprint for the new BRICS currency, and how it may be valued.
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Kiyosaki believes that the BRICS countries would adopt the proposal for a new trading currency backed by gold. The “BRIC” money, according to the investor, would equal one ounce of gold or $3,000.
Such an exchange rate for BRICS currency would surely threaten the United States’ domination of the global economy. Just a few months ago, Kiyosaki gave a warning about BRICS, saying that eventually, BRICS and other supporting nations would gang up on the USA. With expansion almost imminent, this warning can ring true soon, especially if BRICS carries on its mission to de-dollarize.