BRICS Alliance Explores Creating New Global Currency Backed by Precious Commodities
The BRICS alliance, consisting of Brazil, Russia, India, China, and South Africa, is exploring the possibility of creating a new global currency backed by precious commodities such as gold or rare earth metals. This proposed currency could replace the US dollar and the euro, and if successful, it has the potential to significantly weaken the US’s economic and geopolitical power worldwide, as well as create a more volatile dollar.
As China moves towards executing trades in Chinese yuan instead of the US dollar, other countries have shown interest in joining the BRICS alliance. Mexico, Saudi Arabia, Argentina, Iran, and Kazakhstan, among others, have expressed a desire to become members. The upcoming summit in South Africa will discuss potential plans for the creation of this new global currency, as well as criteria for admitting new members.
While the creation of a new global currency could be an alternative to the dollar-ruled financial system, it could have several negative consequences. The shift could result in complex trade agreements, energy shortages worldwide, and potentially even “false flag wars.” It remains to be seen how this new world order shift will play out, but it is clear that it could have significant political implications worldwide. Nonetheless, the BRICS alliance continues on the path towards the development of this new global currency, marking a significant shift from traditional economic powers like the US and eurozone.
The potential economic and political consequences of a new BRICS currency are vast and could have a negative impact on the lower and middle classes in the United States. A new currency could lead to a decline in the value of the US dollar, which could cause inflation and decrease the purchasing power of everyday citizens. Additionally, the implementation of a new currency could potentially lead to a restructuring of international trade agreements, which could result in lost jobs and economic instability for those in the US. Overall, the potential for a new global currency has the potential to profoundly impact the economic and political landscape of the world as we know it.
In conclusion, the possibility of a new BRICS currency could have far-reaching implications for the global economy, particularly for traditional economic powers like the US and eurozone. While the development of a new global currency may offer an alternative to the US dollar-dominated financial system, it also has the potential to create complex trade agreements, energy shortages, and geopolitical conflicts. It remains to be seen how this new world order shift will play out, but it is clear that any changes will have a significant impact on the economic and political landscape of the world. It is important for individuals to stay informed and educated on these developments and their potential consequences.
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BRICS alliance will have their own currency, Working, Official says (citytelegraph.com)
As the Ukraine-Russia conflict continues, Moscow has been inundated with sanctions and restrictions. Against this backdrop, President Vladimir Putin announced a new foreign policy this week, identifying China and India as its main allies on the global stage. Now, the relationship between these three nations (and a few others) seems poised to take a step further with the creation of a new currency.
According to Russian lawmaker Alexander Babakov, who was quoted in several reports, the BRICS nations are currently developing a new payment medium that is “not dependent on the dollar or euro.” He suggested that the new currency would be backed by gold and other commodities, such as rare-earth elements.
Mexico Plans to Join BRICS Amid Growing Tensions with US | Eurasia Media Network
Mexico has expressed its interest in joining the BRICS group of emerging economies, which currently consists of Brazil, Russia, India, China and South Africa. The Mexican Foreign Minister, Marcelo Ebrard, said that Mexico shares the vision and values of the BRICS and hopes to deepen its cooperation with them in various fields, especially in medicine and trade.
Saudi Arabia Applies to Join BRICS, Further Threatens U.S. Petrodollar – PJ Media
The petrodollar, which underpins U.S. geopolitical hegemony, is not long for this world. It was dealt another huge, and possibly fatal, blow when BRICS — an acronymized economic alliance of Brazil, Russia, India, China, and South Africa — publicly announced it was mulling admitting Saudi Arabia and Iran into the fold.
Taking out the US dollar, BRICS by BRICS – American Thinker
Part of the great devolution of American power is not just related to depletion of military stores and the lack of enlistments for the service, but also our economic power. The latest monetary threat is coming from both East and West and may be the coup de grâce for the U.S. dollar, which has long been the dominant global currency for international financial transactions.
Hold Onto Your Wallets — A New World Currency Could Be In The Making, Courtesy Of BRICS Nations – Crypto News BTC
The BRICS alliance is exploring the creation of an progressive forex, with plans to share proposals on its institution on the forthcoming summit in South Africa, in line with Alexander Babakov, deputy chairman of Russia’s parliament, the State Duma.
New Global Currency Designed to Ditch the US Dollar from BRICS Nations: Report – CryptoSaurus
“The transition to settlement in national currencies is the first step. The next is to provide the circulation of digital currency or any other form of a fundamentally new currency in the nearest future.
The news comes days after China executed its first liquefied natural gas (LNG) operation using the yuan instead of the dollar, as reported by Reuters.
New Global Currency Designed to Ditch US Dollar Coming From BRICS Nations: Report – The Daily Hodl
The acronym BRICS stands for the countries of Brazil, Russia, India, China and South Africa. A number of additional nations, including Saudi Arabia, Argentina, Iran, Indonesia, Turkey and Egypt, have reportedly expressed interest in joining the alliance. The upcoming BRICS summit is set for August 22nd in South Africa.
China Declares New World Order — Everything Is About To Change! (infowars.com)
BRICS is now shaking the world order exactly as it was supposed to: Utilizing shortages of food and energy while scripting false flag wars like in Ukraine and Taiwan, the new order has their excuse to move into the tyrannical, technocratic cashless society. Everything worldwide is about to change at the blink of an eye.
BRICS Expansion: Gauging Kazakhstan’s Potential | Geopolitical Monitor
Lastly, BRICS countries should increase their investment in Kazakhstan’s energy and mining sectors, along with infrastructure, such as roads, railways, and airports (Beijing is already a key investor via the Belt and Road Initiative). Kazakhstan plans to expand its oil production to 100 million tons by 2025, making it a prime target for investment. Therefore, BRICS countries should aim to invest at least $10 billion in Kazakhstan’s energy and mining sectors by 2025, which will benefit Kazakhstan and contribute to the economic growth of BRICS countries.
BRICS Working on New Form of Currency (sputniknews.com)
The BRICS countries are working on creating a new form of currency and may present ideas on its development at the organization’s upcoming summit in South Africa, State Duma Deputy Chairman Alexander Babakov said on Thursday.
Brazil and China sign pact to abandon dollar — RT Business News
Beijing and Brasilia have signed an agreement on trade in mutual currencies, abandoning the US dollar as an intermediary, and are also planning to expand cooperation on food and minerals.
The countries also reportedly announced the creation of a clearinghouse that will provide settlements without the US dollar, as well as lending in national currencies. The move is aimed at facilitating and reducing the cost of transactions between the sides, and getting rid of dollar dependence in bilateral relations.
Egyptian parliament approves agreement to join the BRICS bank – Prensa Latina (plenglish.com)
Parliamentarian Ahmed El-Awadi, head of the House National Security and Defense Committee, also praised the decision: “It represents a step in the fight against the dollarization phenomenon and opens up new markets for Egypt’s agricultural and industrial products,” he said.
End of petrodollar edges closer as Saudi Arabia looks set to join new China-dominated ‘BRICS’ economic alliance – NaturalNews.com
The political left, with its insane push towards unsustainable ‘green’ energy, adoption of cultural lunacy (drag queens and transgenders for children) and shunning of scientific and biological facts (“there are more than two sexes“) is leading to the end of the “petrodollar” and the huge global influence of the Western-led United States in favor of a China-led economic alliance that combines growth with authoritarianism.
Argentina, Iran apply to join BRICS group of emerging economies – NaturalNews.com
Argentina and Iran expressed their intent to join the BRICS group of emerging economies. The five-nation bloc represents 42 percent of the world’s population and 24 percent of the global gross domestic product.
Putin says BRICS countries are establishing new global reserve currency to replace U.S. dollar – NaturalNews.com
The United States dollar, a fiat Ponzi scheme that has ruled the world for far too long, is on its last legs. And Putin, speaking at the recent BRICS business forum, says that the new scheme will offer a reliable alternative for transacting internationally. “The issue of creating an international reserve currency based on a basket of currencies of our countries is being worked out,” Putin said.
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