from SGT Report:
Bill Holter, crowned as ‘Mr. Gold’ by Jim Sinclair before his passing, returns to SGT Report with actionable information for all with ears to hear: The end of the fiat Dollar Ponzi scheme is at hand, are your prepared for what’s to come? Please listen carefully – and plan accordingly. Thanks for tuning in.
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Central Bank of Iran Governor Abdolnasser Hemmati said on Aug. 12 that the Islamic Republic will soon join the BRICS New Development Bank. Hemmati spoke at the first meeting of BRICS finance ministers and central bank governors, which was hosted by India, according to remarks reported by Iranian state media. India has held the group’s rotating presidency since Jan. 1, 2026 [1].
Why the “De-Dollarization” Narrative Keeps Misunderstanding International Capital Flows
A cratering yen has set off alarms on Wall Street and in financial centers around the world. If the Bank of Japan sells its behemoth stockpile US Treasuries (now exceeding $1.2 trillion) to support its sagging currency, the US bond market could go into a nosedive dragging the global economy off a cliff. That is why on Friday, July 31, US Treasury Secretary Scott Bessent launched an unprecedented currency intervention to prop up the anemic yen and to forestall an impending financial meltdown. Surprisingly, Bessent implemented a euros-for-yen trade via the New York Fed so as not to weaken the dollar or trigger a selloff in bonds. The gravity of the intervention, however, was not lost on jumpy investors who have connected the dots and understand that America’s $40 trillion debt Ponzi is growing increasingly unstable and could trigger another financial crisis. In short, the teetering yen is merely the canary in the coalmine signaling deeper structural issues that could take down the entire dollar-based house of cards. This is from Forbes:
The RBI governor says all BRICS nations are interested in cross-border payments as they offer “a lot of scope for reducing cost”
