As more and more nations look to dump the ever-devaluing U.S. dollar as the world reserve currency, the BRICS alliance are now greatly considering creating their own currency instead to trade amongst themselves and present that as a replacement to the petrodollar.
BRICS – an acronym for the original members of “developing nations,” Brazil, Russia, India, China, South Africa – are now growing their numbers with talks of Argentina, Iran, Saudi Arabia, Egypt, and Turkey joining. More recently Kazakhstan, Nicaragua, Nigeria, Senegal, Thailand, United Arab Emirates, Algeria, Bahrain, and murmurings of others. Mexico, for example, formally applied for membership last month.
More recently Japan, a member of G7 and a strong ally of the United States, recently caved-in and purchased Russian crude oil above the agreed cap price agreed upon as a ‘punishment’ to Russia; thus indicating a potential foreshadowing that Japan may eventually switch sides in the not-so distant future.
The rise of BRICS has gone completely and utterly unreported in the West – to the point where the BRICS have overtaken the G7 in global GDP output, according to the Silk Road Briefing, unbeknownst to the West.
In February The WinePress reported how these BRICS countries are looking at creating their own stablecoins and CBDCs for trade, such as the case with Russia talking about the prospect of greatly implementing their own CBDC by 2024; as are India and China also looking to implement their own.
Now the BRICS are looking to bring more of this to fruition. Now the BRICS nations are seeking to create their own unique currency.
The Cradle reported:
The Deputy Chairman of Russia’s State Duma, Alexander Babakov, said on 30 March that the BRICS bloc of emerging economies – Brazil, Russia, India, China, and South Africa – is working on developing a “new currency” that will be presented at the organization’s upcoming summit in Durban.
The transition to settlements in national currencies is the first step. The next one is to provide the circulation of digital or any other form of a fundamentally new currency in the nearest future. I think that at the BRICS [leaders’ summit], the readiness to realize this project will be announced, such works are underway.
Babakov said on the sidelines of the Russian-Indian Strategic Partnership for Development and Growth Business Forum.
Babakov also stated that a single currency could likely emerge within BRICS, and this would be pegged not just to the value of gold but also to “other groups of products, rare-earth elements, or soil.”
Moreover, Babakov also added at the summit:
New Delhi, Moscow should institute a new economic association with a new shared currency, which could be a digital ruble or the Indian rupee.
New Delhi, Beijing and Moscow are the nations that now institute a multipolar world that is endorsed by the majority of governments. Its composition should be based on inducting new monetary ties established on a strategy that does not defend the US’s dollar or euro, but rather forms a new currency competent of benefiting our shared objectives.
Our goal should be focused on writing new rules in the financial sphere in order to enable the use of an already common currency.
It doesn’t matter whether it’s a digital ruble, a digital rupee, a digital yuan, or some other currency. But this currency must follow the laws of our respective nations.
Babakov said, according to an Indian outlet
This move combined with the BRICS rapid growth and dominance cannot be underscored, so much so that the DW ran a headline last week that reads: “A new world order? BRICS nations offer alternative to West.”
SEE: China And Russia Announce They Are Ready To Create A New World Order Together
AUTHOR COMMENTARY
While every outlet under the sun is wasting their time on Trump’s ridiculous indictment nonsense – that will surely be stung out for months on end, mostly likely – stuff like this is transpiring. Mainstream is just now starting to talk about it because they have to, but even then it is only a brief blip and then it’s back to Trump, and the daily cosmopolitan celebrity drama, and sports.
The death dollar has been happening for a while now: this is not something that just happened last week, like so many pundits are spinning it as. But American’s have no ability to use critical thought and discernment: the media thinks and guides their every thought and response.
I have reported on the dollar’s death and death of the Western economies as a whole since the get-go; henceforth why I have also warned readers to align themselves on the right of this thing, and be prepared for economic catastrophes to come – more than there are now; but again, opportunity is there for those who seek it and play it right.
It’s going Eastward, and America’s allies are betraying them one by one, and its investors and shareholders have already made the jump long ago.
[19] He leadeth princes away spoiled, and overthroweth the mighty. [21] He poureth contempt upon princes, and weakeneth the strength of the mighty. [23] He increaseth the nations, and destroyeth them: he enlargeth the nations, and straiteneth them again. Job 12:19, 21, 23
[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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Should we as Christians ever think about moving to one of these BRICS nations at some point?
Or should we stay in America and wait for the hordes to come here and enslave this people and we give ourselves up like Jeremiah warned Israel to give themselves up to the Babylonians?
But then what about the countless amount of Christians in Europe throughout history that had to pick up and leave to other nations when the wicked were in power and persecuting then? Not everyone stayed to shed blood but went elsewhere to continue the ministry. Should we ever consider this? Serious question.
That’s something you will have to fervently pray and fast about. It is something that has certainly crossed my mind on many occasions. I’m sure many more are thinking the same at this point, namely the young men that have some brains left.
Deuteronomy 28:64 And the LORD shall scatter thee among all people, from the one end of the earth even unto the other; and there thou shalt serve other gods, which neither thou nor thy fathers have known, even wood and stone.
[65] And among these nations shalt thou find no ease, neither shall the sole of thy foot have rest: but the LORD shall give thee there a trembling heart, and failing of eyes, and sorrow of mind:
[66] And thy life shall hang in doubt before thee; and thou shalt fear day and night, and shalt have none assurance of thy life:
I’m not saying that’ll be you, certainly not, but it will be for a lot of people because so many nations hate America and Americans, and these places certainly hate Jesus Christ, especially considering how the West has caused the word of God to be blasphemed greatly. Like I said, pray about it, fast on it, research it out. Lord could certainly do something for you.