Dear Reader,
TEN SOVEREIGN NATIONS just declared your dollar obsolete. They did it in broad daylight. On September 1. In Bishkek, Kyrgyzstan. The mainstream media called it a "diplomatic summit."
I call it a funeral.
While America debated the September jobs report, half the world was signing a declaration. They called it the Bishkek Declaration. Russia, China, India, Iran, Pakistan, Belarus, and four Central Asian nations, all pledging to build a new financial order. One that does not run through New York or Washington.
Inside today's issue:
- The SCO Becomes an Alliance: Ten nations, 50% of the world's population, 33% of global GDP. They just signed 28 documents, including a formal declaration against "the law of the jungle." That phrase is not diplomacy. It is a direct rejection of the American-led order.
- BRICS Launches the Gold-Backed Unit: The BRICS bloc now holds over 6,000 tonnes of gold. They launched a trade settlement unit backed 40% by gold, 60% by member currencies. No SWIFT. No dollar. They are building the pipes while Washington debates the plumbing.
- Gold Hits $4,923: This is not a commodity rally. This is a confidence collapse in slow motion. Central banks are buying gold at the fastest pace in history. They know something your financial advisor is not telling you.
- Larry Benedict: Oil Skimming: Larry Benedict just released a new presentation on a strategy called "Oil Skimming." Worth a look. (Brownstone Research)
THE MEETING NOBODY IN WASHINGTON ATTENDED
The Shanghai Cooperation Organization just celebrated its 25th anniversary. Twenty-five years of slow, deliberate construction. Now the scaffolding is down and you can see the building.
Xi Jinping stood in Bishkek and said the world must reject "the law of the jungle." He was not speaking philosophically.
"Major countries in particular should take the lead in observing international norms and honoring the rule of law, and work together to tackle global challenges."
Translation: We are building our own system. And we are calling yours lawless.
Putin said the SCO now represents "almost half of the world's population and more than one-third of global GDP." He is not wrong. Run the numbers:
- Russia. China. India. Iran. Pakistan. Belarus. Kazakhstan. Kyrgyzstan. Tajikistan. Uzbekistan.
- Combined population: approximately 4 billion people.
- Combined GDP (PPP): over one-third of the world economy.
- Combined central bank gold: BRICS members alone hold over 6,000 tonnes. That is 20% of all official gold reserves on earth.
And they just signed 28 documents. One of them specifically addresses "the multipolar world." That is the technical term for: dollar optional.
THE GOLD TELLS YOU EVERYTHING
I bought my first gold coin in 1972. Everyone told me I was crazy. Gold was $70 an ounce.
This week, gold touched $4,923 per ounce. Record high. Silver is at $96.
That is not a commodity rally. That is a thermometer. It is measuring the temperature of a system that is losing faith fast.
Ask yourself: why are central banks buying gold at the fastest pace in recorded history? Why did the BRICS bloc back their new settlement unit with 40% gold? Why did Goldman Sachs raise their end-2026 gold target to $4,900?
Because they all read the same history book I did. Empires rise. Empires fall. The currency falls with them. Every single time. Rome. Spain. Britain. Every empire that stopped producing and started printing eventually got replaced.
The US national debt is above $35 trillion. The SCO just formalized a bloc that represents half the world. Gold is at $4,923. These three facts are not separate stories.
They are one story. And it has been unfolding for 25 years.
Here is the number that stopped me cold this week: the BRICS bloc officially holds more gold than any other regional bloc in the world. They are not buying it to sell it. They are buying it to build a system around it. I want to show you exactly what that means for people who are not holding paper promises.
SPONSORED: BROWNSTONE RESEARCH
"By August 31, Elon Musk's Prophecy Will Fulfill Itself"
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See the details here
WHAT YOU CAN ACTUALLY CONTROL
I am not predicting the end of America. I am predicting the end of dollar supremacy. Those are not the same thing.
The dollar can remain America's currency and still lose its status as the world's reserve currency. That is what happened to the British pound after 1944. Britain still exists. British savers who held only pounds got crushed. British savers who held gold did not.
Ten nations just took another step away from your dollar. Central banks have been doing it for three years. The BRICS gold unit is now live. Goldman Sachs is projecting $4,900 gold by year-end.
Pigs get fat. Hogs get slaughtered. The window to act is open. Not forever.
Own gold. Own silver. Own real assets. The government cannot print them. The SCO cannot vote them away. They are yours regardless of which bloc controls the next reserve currency.
To your freedom,
Robert Kiyosaki
Author, Rich Dad Poor Dad
P.S. New from Larry Benedict: a three-step approach to the oil market he calls "Oil Skimming." Click here to see his three-step approach.