BRICS and gold are interrelated. And as BRICS continues to go higher, you're going to track gold. You're going to be able to know where gold's going. We're going to see, now that this is confirmed, they're going to back purchasing gold. Russia announced that they were increasing gold purchasing by over six hundred percent for September. They had to meet a number. The BRICS membership is a twenty eight year cooperation agreement. It excludes the United States dollar base. It has a use your partner's business as your own. In other words, we've all got to work together if we're BRICS members. Instead of going outside, we stay inside. We use the inside currency, mBridge. We back it by gold. Every nation has to proportionately put up some measure of gold. Obviously, Russia, being one of the largest economies, now is sitting over that two trillion, two and a half trillion dollar economy. It has to measure up to the same standards percentage-wise, importantly. And so this announcement is kind of like announcing that the U.S. government is going to buy stocks and buy all of them up.
We have to be thinking what if Kamala wins? What would I do now? What would I do differently? What would I do for the future? And that's really what this is all about, and the reason why the Coens and the Blackstones and Blackrock are buying hard assets is because they know that that the Republicans will ultimately not take the white house forever and eventually will succumb to a hardcore left ideology both on a social and fiscal policies. Rare coin prices have gone up considerably in the last 3 years.
Once the Biden administration took hold, they put basically nine trillion dollars of fresh capital on the street. Inflation was a given but that's not the worst part. Inflation is an overall indicator of a destruction of a currency, because by inflation you overstimulate the economy, and that cannot necessarily be completely bad, but it's really bad when you do it to such a level like what the Biden administration did. It destroyed the buying power of the consumer, and when you look at like the middle class, they cannot afford to have ten percent of your inflation because their wages do not accelerate, or to certainly maintain that growth each and every year. Inflation has grown 25 percent in two and a half years. So we've had an acceleration in the amount of debt as a percentage per capita.
