“[T]he BRICS nations [are] trying to form…something that will rival the U.S. dollar.”– Scottsdale Bullion & Coin Founder Eric Sepanek
Key absences at this year’s G20 Summit reflect an ongoing global economy shift as emerging powers directly challenge the Western-led status quo. The US dollar is the main target in this constant struggle as countries seek to topple the world reserve currency.
Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin Founder Eric Sepanek and Information Consultant Wally Gordon explain what the failure of the G20 meeting reveals about the future of the dollar and how investors can SAVE BIG on gold and silver September 20th-22nd, 2023.
Xi Jinping (& Putin) Snubs the G20 Summit
The Group of 20, commonly simplified as G20, is an international consortium of the world’s largest economies, accounting for 80% of global GDP and more than 66% of the world’s population1. Every year, the organization meets to discuss economic cooperation and international financial security.
Notably, the group’s membership spans geopolitical boundaries, bringing Western powers such as the US and Europe into the same room as Russia and China. This gesture of goodwill and cooperation was the norm for decades until Chinese President Xi Jinping decided to snub the 2023 G20 Summit held in New Delhi.
Russian President Putin might have been deterred from the meeting due to an international arrest warrant–however, the Kremlin’s increasingly close ties with Beijing place even more momentum behind the absences.
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BRICS Nations vs. The West
Up until this point, Xi Jinping has always been eager to meet with friends and foes alike to increase China’s influence on the world stage. This about-face suggests Xi no longer feels the need to operate through diplomatic channels to pursue a Chinese-dominated global economy.
He’s evidently confident in the power the People’s Republic has amassed as the ringleader of the BRICS nations, which stand in stark opposition to US hegemony. Xi’s absence at the G20 summit could signal the beginning of bolder threats against the USD.
“This is an attack on the US economy and the American dollar. Plain and simple.”– SBC Information Consultant Wally Gordon
With a gold-backed BRICS currency possibly in the works and the inclusion of six additional nations, the BRICS nations have never been stronger. These absences at the G20 Summit mark the group’s waning influence and the increasing power of the BRICS nations.
Stay Informed With Our FREE Exposure Reports
There are various economic undercurrents influencing the changing tides of the global financial system. Understanding these developments can help investors make wise investment decisions for a more secure financial future. At Scottsdale Bullion & Coin, we’ve put together a host of insightful, in-depth reports covering the most crucial changes in the world economy:
Petrodollar Report – This expansive timeline covers the rise of the petrodollar system, how it upholds the dollar as the world reserve currency, and why the structure is under attack.
Central Bank Digital Currency (CBDC) Report – This detailed report explores the rapid development of CBDCs and how investors can stay protected in a digitized economy.
Modern Monetary Theory (MMT) Report – Our most recent report uncovers the socialist economic policies peddled by US financial elites and their corrosive effect on the economy.
Mark Your Calendar for the End of Summer Sale!
As China and Russia escalate their attack on the US dollar, the global economy faces more destabilization and uncertainty. Gold has been a proven store of value and a reliable hedge against inflation for centuries. That’s why central banks are buying up record amounts of gold in due to the rising economic chaos.
SAVE BIG on Gold & Silver September 20 – 22, 2023
At SBC, we’re proud to announce our End of Summer Sale to give investors a chance to save on gold and silver.
This is a perfect opportunity to increase your precious metals holdings for a more diversified portfolio. The BIG SALE takes place September 20 – 22, 2023. Each day, investors will have a chance to snag fresh limited-time deals on gold and silver.
You MUST CALL your SBC representative directly (or our toll-free line at: 1-888-812-9892) each day for the special offers. No live chat or email due to the expected high interest in the sale.