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“The BRICS Alliance is a direct threat to the U.S. central banking system,” warns Gregory Mannarino, founder of TradersChoice.net and renowned financial strategist. In today’s interview with Daniela Cambone, Mannarino breaks down how the U.S. dollar’s global dominance is eroding — driven by a hyper-ballooning trade deficit and soaring global debts. He reveals how the system is being deliberately dismantled and cautions about the imminent domino effect on the U.S. banking sector.

CHAPTERS:

00:00 BRICS pay and US dollar
10:42 The rise of gold price
13:53 U.S. debt
15:35 U.S. stock market
18:00 Banking sector
23:42 Concluding words

“The BRICS Alliance is a direct threat to the U.S. central banking system,” warns Gregory Mannarino, founder of TradersChoice.net and renowned financial strategist. In today’s interview with Daniela Cambone, Mannarino breaks down how the U.S. dollar’s global dominance is eroding — driven by a hyper-ballooning trade deficit and soaring global debts. He reveals how the system is being deliberately dismantled and cautions about the imminent domino effect on the U.S. banking sector.

What is the BRICS Alliance?

BRICS stands for Brazil, Russia, India, China, and South Africa, a group of emerging economies that have formed a strategic alliance to challenge the global dominance of the US dollar. While many in mainstream media have downplayed the significance of this group, Mannarino and Cambone believe that the BRICS Alliance represents a major shift in the global economy.

According to Gregory Mannarino, BRICS now accounts for 25% of global GDP and 40% of global trade. Perhaps more importantly, it represents a growing dissatisfaction with the current financial system dominated by the West, particularly the US. As these nations look to break free from the US dollar, they are working toward creating alternative systems that bypass the dollar altogether.

The Devaluation of the US Dollar

One of the central themes in Mannarino’s discussion is the devaluation of the US dollar. For decades, the dollar has served as the world’s reserve currency, giving the United States significant power in global trade and finance. However, that dominance is under threat. Countries within the BRICS Alliance are moving away from using the US dollar in international trade, and as a result, the value of the dollar is weakening.

As Mannarino points out, “We are witnessing the end of an empire.” He suggests that the US is no longer the economic engine of the world. With BRICS nations creating their own payment systems and avoiding the dollar, the global demand for the US currency is shrinking, leading to further devaluation.

For those of us in the United States, this means that our money may not stretch as far in the future. Inflation will likely continue to rise, and the purchasing power of the dollar will decline. This makes it more important than ever to consider diversifying your wealth into assets that retain value, like gold and silver.

Protecting Your Wealth in Times of Uncertainty

Mannarino emphasizes that we are already seeing signs of economic turmoil. Inflation is on the rise, debt levels are ballooning, and central banks are flooding the system with artificially suppressed interest rates. These factors are creating massive distortions in asset prices, and many experts believe that we are heading toward a major economic collapse.

For those who are concerned about the US dollar devaluation, gold and silver offer a safe haven. Unlike fiat currencies, which can be printed at will, precious metals have intrinsic value and have historically held up during times of economic crisis. In fact, Mannarino points out that central banks around the world are already stockpiling gold, a clear indication that they see trouble on the horizon.

At ITM Trading, we’ve long advocated for the inclusion of physical gold and silver in a well-rounded portfolio. These assets not only protect against currency devaluation but also provide security in times of market instability. Gregory Mannarino’s insights confirm what we’ve been saying: gold and silver are unstoppable forces in the current economic climate.

What’s Next for the BRICS Alliance?

One of the most intriguing developments coming out of the BRICS nations is their move toward creating a new international payment system. During the BRICS summit, they even showcased a promotional card loaded with Russian rubles that attendees could use to buy coffee and souvenirs. This move signals their intent to move away from the US dollar and build a financial system that operates independently of Western influence.

While the exact details of the BRICS payment system are still unfolding, one thing is clear: the US dollar is losing its grip as the global reserve currency. For investors, this means that the time to prepare is now.

Final Thoughts from Gregory Mannarino

As Mannarino shared in his conversation with Daniela Cambone, “The system is being deliberately, systematically, and methodically taken apart.” The challenges we face are significant, but with the right knowledge and strategy, you can protect your wealth from the coming economic storm.

At ITM Trading, we are here to help you navigate these uncertain times. Whether you are looking to invest in gold, silver, or simply want more information on protecting your assets, our team of experts is ready to guide you. Don’t wait until it’s too late—start preparing today.