Rickards: The ‘Earthquake’ Starts Today

• Rickards: The ‘Earthquake’ Starts Today
  by James Rickards DailyReckoning.com, via https://www.zerohedge.com/
  The BRICS Leaders’ Summit is scheduled to begin today, Aug. 22 in South Africa, which will run through the 24th. As I’ve been warning, this meeting is the most significant development in international finance in the last 50 years.
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  It has the potential to displace the U.S. dollar as the leading payment currency and reserve currency from a standing start in just a few years. This latest monetary change will be delivered by the BRICS, and the world is unprepared for this geopolitical shock to the global financial system. Of course, BRICS is an acronym for Brazil, Russia, India, China and South Africa.
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  Among the leaders attending the summit are President Xi Jinping of China, President Lula da Silva of Brazil and Prime Minister Modi of India. President Vladimir Putin of Russia cannot attend in person because there’s an outstanding warrant for his arrest on war crimes charges issued by the corrupt International Criminal Court (ICC) in The Hague.
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  South Africa is a member of the ICC and might have been required to arrest Putin on arrival. The in-person delegate for Russia will be Sergey Lavrov, Russia’s foreign minister.
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  Shrouded in Mystery
  Even at this late date, the official agenda is shrouded in mystery. That’s not unusual considering that the members themselves, especially Russia and China, are accustomed to decision-making behind closed doors.
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