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 I expect it to be a um something that really really really catches the eye of the west. They're not going to go down easy, but this is something, you know, this is something to definitely definitely definitely not underestimate. And even JP Morgan came out and said, I don't know exactly what they said, but it was pretty much like, yeah, this is actually very legitimate, and it's the most legitimate challenge to the dollar that we've ever seen, more or less, is what they said. So, um, here we go.

>> I don't think it's a lead hogwasher. I mean, the story, as you rightly say, was, uh, that I think something like 50 million ounces, uh, was sucked into London, um, [music] when we had the failure on, uh, October the 10th, um, basically the, you know, that contract, um, uh, was effectively suspended. Uh, is this, we're not talking about a regulated market, but there were no dealings. It just sort of ceased. have seized up for about an hour, an hour and a half on October the 10th. Um and uh

consequently there was an arbitrage um coming out of China. But uh now that China is not only um forbidding the export of gold, it is now forbidding the export of silver or at least will be doing so from January the 1st. And interestingly enough, bricks pay, which is B2B, business to business or business to consumer or bank to bank, small bank to small bank, is like a credit card system where if I live in Brazil and I'm going on a trip to UAE, I can just pay on my bricks pay app and bang, it's

instantly it's instantly done instead of having to convert and do all of this stuff. But I listened to an interview by the guy who developed and he said, "We are right now in negotiations in China right now to roll this out to the belt road initiative. That's what they're going to do with the embbridge or the the unit where you're opening up to 75% of human population uh you know 150 countries not just the BRICS nations." And this is the part that the naysayers and the poo pooers

have missed continuously. Sergey Lavough came out and said, "No, no, no. We're opening this up to everyone in the world except the UA, the United Nations, excuse me, the United States, the European Union, and Great Britain. They can't use it, but the rest of the world can." And so it is a basketbacked collateral anchored system token used to settle trade invoices. The key the key of it that I don't think I talked enough about, but that really makes sense to me is that the the the unit will make um

measures the bricks plus currencies in gold terms instead of in you're measuring gold in currency terms the way it is now where you measure in dollars. All of these currencies their value will be measured against gold. Gold is the reference in all of this. That is the important part to remember is that gold is the reference in all of this. And the new bricks settlement token represents a major departure from the dollar ccentric global system. Instead of valuing gold in terms of currency, this model flips

the logic. It values currencies in terms of gold, reversing decades of financial convention. In this framework, gold becomes the universal reference point rather than the US dollar. With such a structure, trade between participating nations could be settled instantly in gold or goldbacked digital units, completely bypassing Western financial intermediaries. This approach directly challenges the dominance of the dollar and the US Treasury market, both of which rely heavily on their role in global

settlement and reserve management. As more countries begin adopting a gold anchored mechanism, Western bond markets could come under growing pressure, potentially triggering persistent capital outflows over the long term. >> In essence, what it's going to be able to do is um allow countries to um trade with other countries using this settlement vehicle which allows for immediate delivery in gold. And all of it will challenge the hegemony of the west because sales or transactions will chip away at the transactional status of

the dollar devaluing it. And ultimately gold being the anchor to all of this which has destroyed the performance of the 10-year Treasury without any counterparty risk will start to massively chip away at the reserve status of the uh Treasury and of the dollar. So the bottom line here is that it it's in beta testing right now. So the claim that it had been launched successfully, it's been launched but in a beta test. One last point I'd like to make about it. You know, you didn't hear

about this until here it is, right? Why? Because the United Arab Emirates, China, Hong Kong, Thailand developed the program. Shortly thereafter, Saudi Arabia wasn't involved in the initial uh development, but they came on as the fifth and they're a big one, right? The largest oil producer, OPEC, they came on as the fifth participant in Embridge. Think about that for a moment. Crossborder settlement for things like oil and Saudi Arabia is the fifth primary member. All of this as just for

a refresh or people don't know this was developed in in in concert with the bank of international settlements innovation hub. >> The settlement system publicly known as Mbridge or sometimes Nbridge was quietly developed through cooperation between the UAE, Hong Kong, Thailand and China with Saudi Arabia joining later. The participation of the world's largest oil exporter significantly elevates the project's geopolitical weight. In its early stages, the Bank for International Settlements supported the development

effort, but at the time of launch, it abruptly withdrew, stating it could not be involved in any platform that might allow countries to bypass Western sanctions. This sudden reversal generated frustration within the bricks block particularly in China and pushed the project further underground. Despite the reduced visibility, expansion has continued discreetly. The network is steadily integrating major Asian trading hubs and accelerating the rollout of central bank digital currencies across non-western regions. I remember before

Michelle McCrory worked for me, I was doing an interview with her on Kiko and she said, "Well, I said this." She said, "Andy, isn't that a western institution?" I said, "You know what? You're right." Ding, ding, ding, ding, ding. I don't know why I didn't really think about that. And she's like, you know, couldn't they perhaps have other um interests or something? And I'm like, "Yeah, you know, you're right." Almost immediately

after that, um the UAE pulled out. I mean, excuse me, the Vanc UAE. Got too many too many um acronyms going through my head. The BIS pulled out at the 12th hour, right when they were going to make it go live at their meeting in in Novagrad and they said, you know, we can't be involved in any in any transaction, even though they've been doing this for 4 years developing it with these people. Well, we can't be involved in any program that would allow any country to sidestep Western sanctions, acting as though they just

realized that Russia was the iron bricks. So that really got the BRICS countries mad. In particular, China, very mad. And that's why it's gone dark. You don't hear a lot about it anymore. Now, we knew that they were still working on the bridge technology. And we've talked about it a little bit on your show here, how they've already connected with the countries in Southeast Asia, the Asian countries that are 800 million people, twice the population of the US, the largest uh trading partner of China by far, not the

US, those countries in Southeast Asia. And now they have the the ability to go back and forth with central bank digital currencies or ultimately the unit. free from Western interference, settle in seven seconds, no intermediary banks in New York, no sanctions. It's happening and it's happening now in a much faster way where they're actually testing the unit now. They never tested the unit before. It was just crossborder currencies and I've been consistent with you saying, "Yeah, this is the rails of

the unit." Now, they've gone quiet because what the what the BIS did at the 12th hour in my mind is James Bond espionage. They infiltrated. They said, "Yeah, we're here to help you. We'll integrate this new system to the West." And then bang, they pull it at the 13th or 12th hour. We're out. And they back out. So, this is in essence because the Chinese pretty much developed it. This is going to to continue to progress, but maybe not with the um transparency and and seeing how it

all unfolds in real time as we would like. We just found out that the beta test happened. Okay, here we go. So, I guess we'll see in 2026 how that rolls out and continues to develop. But hit subscribe and stay ahead of the trend.