Author of Rich Dad Poor Dad, Robert Kiyosaki, recently tweeted his dire warning about the fall of the U.S. dollar, given Saudi Arabia’s application to join BRICS.
BRICS is a global economic resource group that includes several countries, including Brazil, Russia, India, China, and South Africa.
Kiyosaki has been predicting the end of the U.S. dollar for a while, and earlier this month said that the dollar will crash by January of next year and that the end of “fake” money is here.
The best-selling author believes that raising interest rates by the Federal Reserve will destroy the U.S. economy and is urging Americans to get into cryptocurrency.
Last week Kiyosaki warned of World War III and said the world’s largest economic crash in all of history, will happen soon.
Saudi Arabia Joining BRICS is a Really Big Deal
BRICS was launched in 2001 and stood for Brazil, Russia, India, and China, the four nations with rapid economic growth. By 2009 they formed a summit that was formally established in 2010, and it was said its purpose was to create an equal and democratic society. However, it became more politicized over time.
As of July 2022, the BRIC countries have a combined GDP of $20 trillion and have the potential to overtake the United States as the world’s biggest economy. The summit group has status and roles like the United Nations, the G20, World Bank, and International Monetary Fund.
Since 2011 other countries like Iran, Argentina, and, most recently, Saudi Arabia have expressed interest.
“If Saudi Arabia joins the BRICS, it would be a promotion for Middle Eastern countries to strengthen their ties with BRICS countries and weaken the intervention and influence of the United States in the region “, a Beijing-based international relations expert reported to the Global Times on Wednesday. Others said that if Saudia Arabia joins BRICS, it will be another strategic blow to the U.S. empire.
The People’s Republic of China (PRC) supports the Kingdom of Saudi Arabia (KSA) joining BRICS.
“China’s invitation to the Kingdom of Saudi Arabia to join the ‘BRICS‘ confirms that the Kingdom has a major role in building the new world and became an important and essential player in global trade and economics,” Mohammed al-Hamed, president of the Saudi Elite group in Riyadh, told Newsweek. “Saudi Arabia’s Vision 2030 is moving forward at a confident and global pace in all fields and sectors.”
Joining BRICS would demonstrate a commitment to the city of Riyadh’s resolve in dealing with other major powers and mark a significant win for the effort to boost economic frameworks established outside the guidance of the U.S. and its close allies.
World Leaders Meeting About Fuels
Most western governments are pursuing the “Build Back Better” climate change agenda, which phases out the use of fossil fuels like coal, oil, and gas to force the world to use wind and solar.
This week hundreds of CEOs and financial moguls will attend a high-profile Davos-style investment meeting called FII, Future Investment Initiative, established in 2017, which expects to highlight Saudi Arabia’s geopolitical muscle in spite of the strained ties with the U.S.
This meeting, also called “Davos in the Desert”, features the world’s largest crude exporters and expects about 6,000 delegates, 500 speakers – 80 China CEOs are expected to attend. The U.S. government officials were not invited this year, citing their push to focus on business leaders, not politics. However, secretary Steven Mnuchin attended in 2017, and deputy commerce secretary Don Graves attended last year. About 400 American CEOs are expected to attend.
“The combination of the war in Ukraine, the energy crisis, and oil price rises has given Saudi Arabia a greater level of geopolitical and economic influence this year relative to every previous FII bar the first one in 2017,” said Kristian Ulrichsen, a research fellow at the Baker Institute at Rice University.
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