China and BRICS to Follow in India's Footsteps to Remonetize Silver.

It's going to be quite amazing, I think,

what we're going to see. The world is

turning back to real money. Uh the

aberration we've had since 1971.

That's what it is, an aberration. And I

would argue it's we've had this

aberration since unfortunately the early

part of the 20th century of all the

wars, right? Um people are starting to

realize that um you need a

a currency and monetary system that has

hard assets backing it because

if you base it on debt, it's really

stupid and it's why we are where we are

because the debt can never be ba paid

down. You can never extinguish debt with

more debt and that's the system we have.

Monday, April 27th, 2026,

Monaco 64, home of alternative economics

and contrarian views. Well, today we're

going to touch upon India and how its

drive to remonetize silver is going to

spread. uh India is leading by example

and I think China is the next uh big uh

let's say

country that will go for remonetizing

silver as well and it will spread

throughout Asia and throughout the

bricks countries mainly because

having silver as well as gold as a

reserve asset or a monetary asset will

help these countries become become less

dependent on the dollar and they know of

course that the dollar is just a debt

instrument

and uh that gold and silver provide

liquidity

uh yeah provides liquidity not just for

international trade but for domestic

credit.

Uh before we go further I'd like to uh

thank all of you for the interest in the

channel. Uh, make sure you hit the

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And make sure you share it uh, with

friends, colleagues, and friends I if

you think there's something uh,

interesting that they should know. Um

this week is an important week uh in

terms of central banking uh policy

decisions. I was just going through

here. U all the major central banks are

going to decide on rates. Uh going

through an article in the FT. It says

leading central banks play for time on

interest rate rises.

And uh it says convulsions in energy

markets often driven by Donald Trump's

post on Truth Social are complicating

inflation forecasts. Um

yeah, they're not going to raise rates.

They're going to sit on their hands. And

it's amazing how they equate inflation

with energy prices. uh they they don't

talk about money supply and the fact

that M2 uh globally is going through the

roof and uh it's another reason why uh

you need uh to keep stacking just like

uh Rudy does uh stacking gold and silver

because central banks they're going to

continue to on the side of inflating

that's what they do. Uh central banks

don't fight inflation as I've said many

times. They fight uh

the perception. They fight to keep the

public asleep

uh about the fact that they're the ones

that create inflation. Right? So while

we got the Federal Reserve, the ECB,

Bank of Japan, and a Bank of Canada, and

Bank of England all decided on rates

this week, don't expect any of them to

raise rates. uh they're going to sit on

their hands. As I said, the other thing

that is got more to do, of course, with

what we're going to talk about in a

minute, India, China, and uh bricks and

the global south and silver. It's to do

with the petro dollar. Uh those of you

who have followed me for a long time

know that I've been warning about the

waning

influence of the petro dollar for almost

10 years now. I started uh warning um

about uh the fact that Russia, China and

other countries were preparing to become

less dependent on the petro dollar back

around 2017 2018. I have a playlist a

petro dollar playlist which I'll put up

here.

And uh the gist of the petro dollar is

that after Nixon closed the gold window

and the dollar became a fiat currency in

1971, the Americans had to find

something to

keep uh the demand for dollars uh

existence and the petro dollar deal

informal deal with the Saudis was what

uh helped do that. Uh, of course there

are other reasons why the dollar is used

um internationally

for all kinds of transactions, but I

would say that uh what helped give uh

the dollar

after 1971

its strength was the petro dollar

agreement because at the time price of

oil went from around $3 to 12 and even

higher after that. It created a lot of

liquidity for the oil producing

countries and uh they put all all the uh

proceeds uh in dollars and every country

around the world had to find dollars

right to buy oil because oil was priced

in dollars

and they wouldn't accept cruseros or

pesos right the Saudis they they wanted

dollars and the reason I'm talking about

this is that uh there's a weekend essay

in the FT and uh I have to admit I have

to read through it but

it reminds me of uh this here going

going gold the pointlessness of holding

bullion continues to sink in right I've

spoken about this many times this was an

editorial from April 6th 2004 and gold

was $400 an announced, right? FT was

saying gold is finished. And this

reminds me of of uh this article. So,

they're saying now whoever wrote this,

let's see if uh Brendan Gley, he's

saying there's no such thing as the

petrod dollar war on Iran is changing

the currency calculations of Gulf energy

exporters, but the dollar's global road

depends on far more than the

denomination of a barrel of oil. Well, I

I think he's completely wrong. Uh

because on the margin,

the fact that countries need dollars to

buy oil is really important. It makes

them uh dependent on having dollars,

right? So,

I'm going to take a screenshot of this

editorial and keep it along with this.

Uh so now we'll jump over to why

I think yeah it's uh even more

pronounced now the battle uh from Asia

from China from Russia from India to

become less dependent on the dollar or

the petro dollar if you want to call it

and and one of these actions was uh by

India and and we spoken about this

because they announced it last year and

As of April 1st this year, the Reserve

Bank of India is implementing a historic

silver remmonetization policy

formally

uh formally allowing banks and

non-banking financial companies or

NBFC's to accept physical silver,

jewelry, and coins as collateral for

loans. The initiative treats silver as a

financial asset, enabling borrowers to

pledge up to 10 uh kilos of silver for

credit, similar to existing uh uh gold

loan uh systems. So

yeah, very important.

I've read uh in the past

uh many years ago about how the British

when they were in charge of India in the

1930s how they

basically cleaned out India of of their

silver right uh because there was a

and the Americans did the same. They

they sold a lot of silver. They're

trying to keep the silver price down. Um

and also I think in Chinese the name for

bank is silver. So it's very important I

I think it's coming back and the the the

thing is silver will provide liquidity.

um you won't have to depend on borrowing

dollars which is a debt instrument right

you use something real something

physical like silver and as many of you

know the word for money in many

languages is silver so silver is very