So BRICS has announced that on August 22nd, they’ll be releasing their gold-backed currency, right? So with that gold-backed currency coming out of BRICS and their summit where they’ll be pulling in up to 70 additional nations, that could very easily put the U.S. in a steep decline with a black swan event to where the U.S. dollar is basically bottomless. Now, that isn’t a hard data prediction. I think there’s always going to be some lead time and a bit of a delayed reaction in the markets as is typical. But I do think if the dollar doesn’t find a way to be backed by something in the very near future and the BRICS currency comes out successfully so and absorbs things like Saudi Arabia and Qatar and those countries that are oil rich, that is going to leave the US on the outs. And if we’re out of the game financially, we’re definitely going into a steep decline and potentially a depression since we’re already in a recession. – PATRICK RILEY, CEO of Reaper Financial

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