In this interview, Jay Martin and Andy Schectman discuss the outcomes of the 2024 BRICs summit, highlighting growing global financial alliances and alternatives to Western-led systems. They explore the increasing influence of the BRICs nations in forming new frameworks for cross-border transactions and commodity exchanges outside the dollar-dominated SWIFT system. Schectman emphasizes the broader implications of the summit’s outcomes, including initiatives like BRICs Pay and BRICs Clear, which aim to enable more regional economic independence. They also touch on a lesser-known bank failure in Oklahoma as a potential sign of financial instability in the U.S., underscoring a potential shift in global financial power dynamics. https://milesfranklin.com/ The Commodity University: https://thecommodityuniversity.com/ Sign up for my free weekly newsletter at https://jaymartin.substack.com/subscribe Be part of our online investment community: https://cambridgehouse.com https://twitter.com/JayMartinBC https://www.instagram.com/jaymartinbc https://www.facebook.com/TheJayMartinShow https://www.linkedin.com/company/cambridge-house-international 01:31 - Recap of the BRICs Summit: What Were the Key Takeaways? 05:31 - Diverging Mandates: Are BRICs Countries United or Divided in Their Goals? 08:07 - Hidden Tensions: Is BRICs Unity a Temporary Alliance? 21:13 - SWIFT vs. Ambridge: The New Currency System That Could Challenge the Dollar 22:58 - What Prompted the U.S. to Push Back on BRICs’ Currency Plans? 33:06 - Shifting Strategies: From Paper Contracts to Hard Asset Accumulation 43:08 - Poland’s Gold Accumulation: A Signal of Financial Independence? 50:39 - Oklahoma Bank Failure: Setting a Precedent for Bail-ins? 58:11 - FDIC Limits: Are Uninsured Deposits Truly at Risk? Copyright © 2024 Cambridge House International Inc. All rights reserved.