The following report is by Watcher.guru:
Indeed, the country was one of five nations to accept an invitation to join the alliance at its 2023 summit. Subsequently, it has already firmly embraced its shift to local currency trade thus far.
The BRICS expansion was the first time the alliance grew since 2001 and had massive geopolitical implications. Alongside Egypt, Iran, Saudi Arabia, the United Arab Emirates (UAE), and Ethiopia are expected to join the bloc. Now, Egypt has already expressed its desire to move away from the greenback in trade.
SEE: Egypt Announces Plans To Dump The Dollar And Trade With BRICS, As BRICS Ramps Up De-Dollarization
For much of the last year, BRICS made countless headlines for its activities and initiatives. Those actions were defined by its desire to decrease the international prevalence of the US dollar and to grow its ranks. Subsequently, both of those goals coincide with a development that occurred this week.
Indeed, now part of the BRICS alliance, Egypt is set to ditch the US Dollar in its trade activity. Specifically, the country’s Ministry of Foreign Affairs stated its intention earlier this week. The country assured that it will work to urge countries it trade within national currencies to lessen the burden of the rising cost of utilizing foreign currencies for settlements.
Furthermore, the country said that the decision was a result of a global economic shift. Indeed, they noted the “international crises over the past four years,” as a major development in its decision. Subsequently, it is likely the change in trade currency is rooted in similar factors that have pushed the same action in many of the BRICS nations.
SEE: 40 Countries Are Seeking To Join The BRICS Bloc – An Increasing Threat To US Hegemony
Following what happened to Russia, every BRICS country exists with a fear of imposed Western sanctions. Moreover, the United States economy and rising debt are not the most calming statistics for countries that rely on the currency. Therefore, the transition to local currency dependence is the best route for all emerging countries and global economic health.
AUTHOR COMMENTARY
Additionally, TV BRICS reported earlier this month the benefits of Egypt joining the bloc:
- Strengthening the exchange rate of national currencies in international settlements;
- Increasing the level of interaction between financial and credit institutions of the partner countries;
- Gaining access to new technologies within the BRICS framework;
- Formation of a single digital currency;
- Modernization of production sectors and job creation;
- Increased mutual trade and investment.
“Formation of a single digital currency” you say? Hmmm, where I have heard this concept before? (Revelation 13:16-18).
De-dollarization is real and it’s happening fast, as we’ve examined a number of times before on The WP. I do not believe it will happen this year, but in 2025 and 2026 a complete decoupling from the petrodollar as the world reserve currency is very likely. This will result in a Weimer Republic-esk situation overnight.
SEE: Russian Delegate Says De-Dollarization Is Top Priority For BRICS In 2024
[4] Labour not to be rich: cease from thine own wisdom. [5] Wilt thou set thine eyes upon that which is not? for riches certainly make themselves wings; they fly away as an eagle toward heaven. Proverbs 23:4-5
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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The idiot West has run its course.
2024: The year USA ceases to exist, because it exists only as a demonized ruin. America is just so incredibly evil it’s no joke or exaggeration! This country needs to fall and this country needs death! It is past time for Washington to come to Its senses.!
If the USA still exists, most likely it won’t have superpower status.
absolutely all mothers and fathers need to see this and protect their children.
https://anamihalceamdphd.substack.com/p/measles-mumps-rubella-and-varicella
Quite a few believers think this is the year of the Rapture. I sure hope so. America will really drop down after the Rapture. I pray for the left behind while they still have a chance to make it in the Rapture. This world is awful now, just think of how bad it will be AFTER we are gone.