hey Bit Squad it’s time for an important update on bricks and there’s a lot to unpack from the recent Summit held in Kazan Russia from October 22nd to the 24th this Summit marks a pivotal moment not just for bricks countries but for the entire world as it reshapes Global power
structures and Finance the key takeaways will have Ripple effects far beyond the meeting rooms watch this CashNews.co to the end to find out why let’s get it I’m
not AER welcome to B boy x I’m your host the bit boy make sure you subscribe to the channel and hit the like button to help this CashNews.co reach more people that is if you don’t want to have hello historical political and financial like you first up the big news bricks is expanding 13
Nations have now officially joined up as bricks partner countries though they’re not yet full members 13 new nations have been added as partner countries including Algeria Indonesia turkey Nigeria Vietnam and several others these Nation they’re not full members yet of brics but
there’s a massive shift in the global landscape brics is increasingly positioning itself as a counterbalance to Western dominated institutions like the IMF and World Bank Emerging none;">Markets are aligning with bricks signaling a broader Trend toward decentralizing Global power according to a CNBC article Russia used the summit to push for a new world order that Rivals the West now let’s talk about one of the biggest moments at the summit Vladimir Putin said that
that Russian Chinese cooperation is one of the main stabilizing factors in world affairs this statement is Monumental especially giving the ongoing conflict in Ukraine and the heavy sanctions the West has placed on Russia it reflects a shift Mr X has talked about for years a move toward a
multi-polar world where decisions are made by a broader range of countries not just Western Powers one of the most exciting developments at the Summit is of course the introduction of bricks pay a blockchainbased payment system this system allows brics Nations to conduct crossb transactions without
relying on the US dollar this altcoin Buzz article highlights how bricks pay aims to create a new Financial system for the block leveraging blockchain for faster more efficient transactions why is it needed because the current International System of payment so-called Swift is under control the
West the Us and other Western countries and they have used this Swift system to p sanctions and restrictions on countries they do not like so we as bricks are well advised to move forward into creating an alternative to Swift and that’s what the Russian authorities together with other bricks
countries are pursuing right now the system will use the digital currencies of the bricks central banks and their exchange rate will be tied to the value of national currencies of course Mr X has predicted this shift for a long time now it looks like it’s happening this move has massive
implications for Crypto Markets as more countries move away from centralized
Financial systems and let’s not forget about energy Russia and Brazil are among the world’s largest producers of natural resources and Bricks is doubling down on strengthening their energy ties at the summit there was a major focus on building a new energy Network that’s less
dependent on Western sanctions or Markets with some of the biggest oil and gas reserves in the world bricks is positioning himself is a key player in global energy reshaping how energy flows
across borders the theme of The Summit was all about creating a fair Global Order bricks has made it clear that they want to move toward a system where all nations not just the traditional Powers have a say with the inclusion of new partner countries brics is growing as a coalition that represents
a more balanced world one where Emerging Markets like Nigeria and Indonesia can have more influence on global decisions to wrap it up the summit is a major turning point for global politics
the expansion of bricks the launch of bricks pay and the deepening of energy ties are all moves that will challenge Western dominated systems and create new opportunities for emerging Markets
we’ll of course be watching closely as these developments unfold because they’re going to affect Markets #1a73e8; text-decoration: none;">Industries and even the future of Finance and text-decoration: none;">Crypto make sure to stay tuned bit Squad because this is just the beginning drop your comments down below and don’t forget to like And subscribe that’s all I got be blessed good boy out n
CashNews, your go-to portal for financial news and insights.
Brics has there own coin prolly real gold
Eventually, sanctions and bullying from the US was going to bring on something like rhis. No surprise.
Great work ….
CARDANO IS THE BEST BLOCKCHAIN
When is the risk taker portfolio coming out ?
So is BRICS the good guys? Or rather NOT the both children?
Thank you for the years of Input and Content, Greetings from GerMoney 😀
No comment
Great content, keep it coming!👍
No mention of XRP?
So where and how do we invest in brics?
Xrp???
Trunp will bring it down. Brics is a bunch of axos of evil
👏👏👏
Funny how all this was never mentioned by Kamala during her campaign.
Been preaching awareness about all this for a while but far too many are unaware of what’s going on.
Can you make an Algorand video?
Competition is good but putting all your eggs into a basket with other rotten eggs is no bueno.
I'm not saying the dollar is rotten to the core but ……..
BITCOIN LOVE'S CARDANO(Bos)❤❤❤
If xrp is predominantly American why would BRICS use them instead of someone non American?
🤔