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.
Christian is a guest speaker on the latest Voice of Reason podcast. Concerning the upcoming unrealized capital gains tax for US citizens… Kamala Harris, after being elected president, will write this law into effect and say “This is what we start taxing you on January 1st.” Whatever you own on December 31st of 2024, that's what's going to carry over to January 1st, and that's the asset base. Then they're going to use this model to come and get your asset base. What would you do differently today knowing Harris’ policies? Price control alone is going to destroy the economy. There's no way they would have broadcasted these policies, this unrealized capital gains tax, which is nothing more than a wealth tax.
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.
