A BRICS Prep Session with Jim

On August 22, 2023, a monetary shock is about to hit the global financial system.

By understanding what is about to hit the global monetary system, you can better prepare to protect and even grow your wealth.

Information is key, so let’s get into some of these questions so you understand what’s at stake in just a few days.

QUESTION: Will this announcement on 22 August 2023 have a crucial impact on American citizens and international citizens on the home front in a negative way? How can we prepare?

ANSWER: The short answer is yes. If what I’m predicting takes place come August 22nd, Saudi Arabia will be accepted into the BRICS alliance (Brazil, Russia, India, China, South Africa). This in itself is a major power grab by the BRICS challenging the G7 countries. But if Saudi Arabia chooses to break the petrodollar agreement with America and sell its oil in currencies other than dollars… It will be a MASSIVE blow to America and could be what leads to the dollar losing its reign as the global reserve currency of the world, weakening America’s power even more. To get my full thesis on this fast-moving situation, simply click the link above and discover how to leverage this event to potentially see decades worth of market gains in the coming weeks.

QUESTION: Jim, how sure are you of this event happening on August 22nd? 50%? OR 90%?

ANSWER: I am 99.99% sure. Next week, August 22nd, the 2023 BRICS Summit in Johannesburg, South Africa is scheduled to take place… This August meeting is by far the most important BRICS meeting since the founding of the organization in 2006. Now I don’t know for certain if Saudi Arabia will be accepted into the BRICS or not, only the leaders of the BRICS nation know that. But if the Saudis are accepted, I believe it will trigger a currency war unlike anything we’ve ever seen… creating a massive profit opportunity in the currency markets. My proprietary IMPACT system has already identified THREE currency trades I believe are set to be the BIGGEST WINNERS of this new currency war.

QUESTION: If the US will lose the distinction of having the dollar as the global currency, who will take its place? And what will happen to the dollar?

ANSWER: There is currently no alternative to the dollar in terms of its reserve currency status because of the absence of a sovereign bond market of sufficient size and operational capacity. That role will be very difficult to dislodge, perhaps taking ten to twenty years to establish the necessary infrastructure and gain the trust of market participants. If no other currency can easily replace the reserve currency role of the dollar, is there any alternative at all? Yes, gold is ready and waiting in the wings. That’s the real danger to the U.S. Treasury market — that sovereign nations turn to gold to escape the dollar. The impediment to another currency as a reserve currency is the absence of a bond market where reserves are actually invested. With gold, there’s no need for a bond market to absorb reserves because you have the physical gold as the resulting asset. If this came to fruition, the dollar would become another regional currency, such as pesos are to Mexico, or the pound is to the UK.

QUESTION: Do you expect stock markets to be impacted in the US as a reaction to the BRICS summit announcements during the summit on August 22-24?

ANSWER: The market as a whole will not significantly be impacted since this is a gradual rollout of the new BRICS currency. All of the pieces are now in place. I predict the new currency arrives on August 22. Since the BRICS+ currency will be gold-linked, and since participants in the scheme will continue to buy gold in order to maintain the needed backing support for the new currency, the price of gold will remain strong and steadily grow. This will be good for gold stocks as gold will effectively hitch a ride on the BRICS+ currency train and be part of the future of international finance. But the “big” winners will come from the currency markets.It’s this “hidden” niche of the markets where we can chase decades worth of gains in a matter of weeks, thanks to ongoing currency wars.

QUESTION: Do you believe the Saudis will price their oil in the new BRICS currency in the future?

ANSWER: I do believe this is part of the bigger plan the Saudis have for joining the BRICS. First and foremost, joining the BRICS allows the Saudis to get away from being dependent on the U.S. This will allow them to sell their oil in other currencies (helping cause a worldwide currency war around the globe). In the end, I believe the plan for the BRICS is to be able to trade amongst themselves with their own currency, but I believe we are still a ways away from that. In the near term, we can use this new currency war to profit from currency trading the IMPACT way. I explain everything in my latest interview you can watch by clicking the link at the bottom of this email. But please take action BEFORE the BRICS meeting on August 22nd.

QUESTION: Should we take most of our money out of the stock market and put more in gold? What will the price of gold be at the end of 2023?

ANSWER: As I have often said, the key to a financially sound portfolio is diversification. That’s why I always recommend just a 10% allocation to physical gold. I would stay light in equities and put 30% in cash until the volatility of the markets subsides after the BRICS announcement. The eventual collapse of the dollar really means higher inflation and a much higher dollar price for gold. That means other commodity prices will rise in lockstep. A commodity boom favors BRICS and EMs generally (as it did in the late 1970s and early 1980s). When gold goes from $2,000 to $10,000 that is better understood as an 80% devaluation of the dollar: from 0.0005 ounces per dollar to 0.0001 ounces per dollar. That’s a collapse of confidence, but you’ll miss it if you’re looking at euros or yen. Those currencies will be collapsing at the same time creating a unique opportunity to profit from their falls. After a gold-linked currency is announced, gold will rise in price, and I expect a new floor of $2000 per ounce by the end of the year and then a sharp rise from there.

QUESTION: Is 30K enough capital investment to start?

ANSWER: That is more than enough. I believe a $5-10k trading portfolio is a great place to start, but the truth of the matter is you can get into these currency trades with as little as a few hundred dollars. That’s because your IMPACT trades have built-in leverage. This means you get the exact right amount of leverage in each IMPACT trade… And consider this: IMPACT trades also have built-in protection. This means you can’t lose more than you put in. So, while there’s always the possibility a trade could turn against you, your risk is always known and strictly limited by design.

QUESTION: If your BRICS hypothesis happens, how do I protect my wealth?

ANSWER: Over time, the dynamic is the BRICS are going to be anchored to gold and the US is going to be anchored to nothing, and the dollar price of gold is going to go up, which is the dollar valuation, and resulting in a highly inflationary environment. So, it’s not too soon to think about inflation hedges. As mentioned above, gold and silver are excellent safe-haven investments to have with higher inflation. Other investments to preserve wealth include cash, land, energy, agriculture, and US Treasury notes. Investments to stay away from are stocks, corporate bonds, and commercial real estate.

QUESTION: What sectors will be negatively impacted, and which sector opportunities will come from this change?

ANSWER: First and foremost, as I explained in this interview, trading currencies will be far and away the most exciting opportunity over the coming weeks as the BRICS begins to make their moves. I also see the gold mining sector benefiting from the BRICS changes as any rise in the price of gold benefits the miner's bottom line. The energy sector will benefit as the new changes allow broader trade in oil and gas between BRICS countries. Oil and natural gas aren’t going anywhere. We’re going to need them for the foreseeable future, and those stocks have been beaten down. I also like real estate, agriculture and particularly defense with more aggression by U.S. adversaries as de-dollarization illustrates.  In terms of sectors that’ll suffer, the technology sector could suffer by not only being in a major bubble, but the BRICS nations trading technology among themselves with the U.S. on the outside could spell trouble for many tech stocks. You’ve got huge bubble dynamics. It doesn’t mean it’s over tomorrow. It doesn’t mean you run right out today and short the NASDAQ. That might be a good way to lose money. But as these changes kick in, the tech sector could be the one that suffers the most.

I hope this Q&A session answered some of your most pressing questions…

If you signed up for this historic event, I thank you.