Russia announces 12 more countries want to join BRICS, a group working against the USA dollar
Russia announces 12 more countries want to join BRICS…
If all are accepted BRICS will have 50% of the world population… and an even larger share of commodities such as oil, gas, metals, etc…
If they figure out how to do a currency … pic.twitter.com/LR7lDViK02
— Wall Street Silver (@WallStreetSilv) November 10, 2022
Various nations are trying to isolate Russia–but not all:
November 12, 2022
The UK and the EU intend to coordinate their efforts and do “everything possible” to make the Russian delegation feel unwelcome at the upcoming G20 summit in Indonesia’s Bali, a British media outlet has claimed. … a French government source as saying that the meeting in Bali will not be “business as usual” and will center on the Ukraine conflict.
“There will be a coalition and Russia is isolated,” the official concluded.
The article noted, however, that the total isolation of Russia at the event is unlikely, as the country enjoys close relations with China. …
The report also suggested that the likes of India, Saudi Arabia and Türkiye, which have not joined Western sanctions against Moscow, could break ranks with the EU and UK this time as well.
Relations between Moscow and the West have hit an all-time low in the wake of the Russian military operation in Ukraine. However, Moscow has insisted that any attempts to isolate the country will fail. The key organizations that Russia is part of, such as BRICS, are also expanding.
In fact, South African President Cyril Ramaphosa revealed following a meeting with Saudi Crown Prince Mohammed bin Salman last month that Riyadh would like to join BRICS, which currently comprises Brazil, Russia, India, China, and South Africa. On top of that, media reports claimed back in July that Türkiye and Egypt might also be interested. Since the start of the year three countries – Iran, Argentina, and Algeria – have officially applied to join BRICS. https://www.rt.com/news/566396-report-eu-uk-isolate-russia-g20/
Despite attempts to isolate Russia, the alliance of Brazil, Russia, India, China, and South Africa, called BRICS, looks to be in the process of greatly expanding its membership–and, without, the USA. Notice also:
Brazil-Russia-India-China-South Africa BRICS Bloc Grows with U.S. Left Out
November 7, 2022
An economic bloc led by five emerging economies, including the United States’ top two rivals, appears set to expand as Washington struggles to promote its global agenda beyond traditional allies and partners around the world. The group, known by the acronym for its five core members, Brazil, Russia, India, China and South Africa (BRICS), consists of more than a quarter of the world’s GDP and about 40% of the global population. …
Speaking at the last “BRICS+” summit hosted by China, Algerian President Abdelmadjid Tebboune argued that “the continued marginalization of developing countries, within the various institutions of global governance, constitutes a sure source of instability, inequality and development.”
In addition to the need to establish a “new economic order” in line with United Nations resolution 3201 adopted in 1974, he discussed Algeria’s commitment “towards building a new international order that includes our collective security based on the stability and prosperity of each of us.”
Tebboune was one of 19 world leaders to participate in the expanded BRICS format, and was joined by the heads of the five BRICS members as well as of Argentina, Cambodia, Egypt, Ethiopia, Fiji, Indonesia, Iran, Kazakhstan, Malaysia, Nigeria, Senegal, Thailand and Uzbekistan. …
While the U.S. has largely dismissed concerns that BRICS could present a serious challenge …. Western sanctions have put BRICS in the spotlight. …
Chinese Foreign Ministry spokesperson Wang Wenbin told a press briefing that “China actively supports the process of BRICS expansion.”
He pointed out that BRICS leaders reached a consensus on expanding the group following the Beijing summit in July, and said that “after the meeting, many countries expressed the desire to join BRICS cooperation.” https://www.newsweek.com/brazil-russia-india-china-south-africa-brics-bloc-grows-us-left-out-1757643
7 November 2022
More than a dozen countries have expressed an interest in joining the BRICS group, which incorporates some of the world’s major emerging economies, as the bloc gains more global standing, Russian Foreign Minister Sergey Lavrov said on Tuesday. Speaking at a meeting with his Indian counterpart Subrahmanyam Jaishankar, Lavrov indicated that membership of the BRICS bloc is in high demand. …
The bloc is also expected to consider adding Saudi Arabia, Türkiye, Egypt and Afghanistan. https://www.rt.com/news/566152-russia-brics-expansion-lavrov/
The tweet at the beginning of this post hints that part of the reason nations want to be part of BRICS is to push aside the USA dollar as the world’s primary reserve currency.
And according to a founder of BRICS, that is why it formed in the first place:
BRICS was created as a tool of attack: Lula
August 28, 2019
In a wide-ranging, two-hour-plus, exclusive interview from a prison room in Curitiba in southern Brazil, former Brazilian president Luis Inacio Lula da Silva re-emerged for the first time, after more than 500 days in jail, and sent a clear message to the world. …
My first question to Lula was about BRICS and the current geopolitical chessboard, with the US facing a Russia-China strategic partnership. As president, from 2003 to 2010, Lula was instrumental in formatting and expanding the influence of BRICS … He emphasized: “BRICS was not created to be an instrument of defense, but to be an instrument of attack. So we could create our own currency to become independent from the US dollar in our trade relations; to create a development bank, which we did – but it is still too timid – to create something strong capable of helping the development of the poorest parts of the world.”
Lula made an explicit reference to the United States’ fears about a new currency: “This was the logic behind BRICS, to do something different and not copy anybody. The US was very much afraid when I discussed a new currency and Obama called me, telling me, ‘Are you trying to create a new currency, a new euro?’ I said, ‘No, I’m just trying to get rid of the US dollar. I’m just trying not to be dependent.’” 08/28/19 https://www.asiatimes.com/2019/08/article/brics-was-created-as-a-tool-of-attack-lula/
Note: Former President Lula seems to have been referring to the start of the BRIC group, which later became BRICS. Let it be noted that uis Inacio Lula da Silva is once again the President of Brazil.
And the reality is that steps continue to be taken in the East to push aside the USA dollar as the world’s primary international settlement and reserve currency.
Notice some reports from this Summer:
Targeting the US Dollar’s Hegemony: Russia, China, and BRICS Nations Plan to Craft a New International Reserve Currency
July 13, 2022
While inflation data in Europe and the U.S. has risen significantly higher last month, Russia and members of the BRICS countries revealed leaders in the five major emerging economies are in the midst of “creating an international reserve currency.” Analysts believe the BRICS reserve currency is meant to rival the U.S. dollar and the International Monetary Fund’s (IMF) Special Drawing Rights (SDRs) currency. …
During the BRICS Summit, Russian president Vladimir Putin announced that the five-member economies — Brazil, Russia, India, China, and South Africa plan to issue a “new global reserve currency.”
“The matter of creating the international reserve currency based on the basket of currencies of our countries is under review,” Putin said at the time. “We are ready to openly work with all fair partners,” he added. Additionally, Turkey, Egypt, and Saudi Arabia are considering joining the BRICS group. Analysts believe the BRICS move to create a reserve currency is an attempt to undermine the U.S. dollar and the IMF’s SDRs. …
China has been hoarding massive amounts of gold as well, as both countries hiked their gold reserve purchases a great deal a few years before the war. Russian banks also joined the China International Payments System (CIPS) making it easier for the two countries to trade. In April last year, China opened its borders to billions of dollars of gold imports, according to a report from Reuters. …
Since World War I, the U.S. dollar has been the world’s global reserve currency and America emerged as the largest international creditor. … However, the Russian ruble has been a strong competitor to the dollar this year and has been one of the best-performing fiat currencies in 2022. 07/24/22 https://news.bitcoin.com/targeting-the-us-dollars-hegemony-russia-china-and-brics-nations-plan-to-craft-a-new-international-reserve-currency/
The BRICS countries have increasingly taken steps to de-dollarize their economies and protect themselves from sanctions. For years, discussions about trade settlements outside the SWIFT system have been common among BRICS countries. …
Russia has strengthened BRICS alliances by selling oil to BRICS countries at a discount outside SWIFT. In May, Chinese imports of Russian oil were up 55% from a year earlier. Russia has surpassed Saudi Arabia as the top supplier of Chinese oil. Also, Russia and China are conducting many cross-border lumber transactions in both Chinese Yuan and the Russian Ruble. A Chinese Communist Newspaper, the Global Times, editorial argued that BRICS should push for all its members to use local currencies to push back against the dollar hegemony. The article went on to say, “If they can achieve that goal, other developing nations will also join them when it comes to developing alternative financial infrastructure in response to reckless U.S. sanctions.”
Iran has applied to join BRICS. Russia is Iran’s ally, and China is the primary customer of Iranian oil. Iran’s significant oil deposits are probably desirable to the other BRICS nations. Argentina has also applied to BRICS. Argentina has large deposits of oil, metals, and beef production. The resources of Iran and Argentina are strategic if BRICS successfully create a commodity-based currency. After Russia pegged the Ruble to gold earlier this year, the likelihood of a BRICS commodity-backed currency significantly increased.
The BRICS economic influence extends beyond what most realize. BRICS have opened a bank called the New Development Bank (NDB) and has begun funding projects. A joint statement from BRICS finance ministers and central bank governors said, “We encourage the NDB, as a leading provider of solutions for infrastructure and sustainable development…expand local currency operation, improve its credit ratings…including undertaking more co-financing ventures.”
The BRICS are gaining economic significance …
BRICS de-dollarizing represents one of the greatest threats to the Dollar.
All the infrastructure is being built to de-dollarize the world economy. The Chinese Communist Party’s newspaper calls for pushback against the Dollar’s hegemony. BRICS are actively building a currency and have already opened multiple banks. Russia has already pegged its currency to gold. Multiple signposts are warning of a bleak future for the Dollar, and indeed, there will be a divided world economy or unbelievable violence to hold the current economic structure together.
BRICS are protecting themselves from the danger of the Dollar and building their alliances with physical gold and energy. South Africa is a part of BRICS not because it is a large economy. It just has a lot of gold. https://www.usgoldbureau.com/news/is-brics-a-threat-to-the-dollar
China and Russia Want to Replace US Dollar With BRICS Currencies
The BRICS—an acronym for Brazil, Russia, India, China, and South Africa—held a summit on June 23. The meeting, chaired by Chinese leader Xi Jinping, was part of a lengthy series of BRICS cooperation events, which began on June 6 with the second finance ministers and central bank governors meeting and ended with the second meeting of the committee of senior energy officials on June 28.
In his opening remarks, Xi stated, “We should also expand BRICS cooperation on cross-border payment and credit rating to facilitate trade, investment, and financing among our countries.”
He went on to reaffirm the Chinese Communist Party’s (CCP) commitment to working together with the BRICS nations to achieve the CCP dream of the Global Development Initiative (GDI). …
Both Xi and Russian President Vladimir Putin called for payment alternatives to decrease the U.S. dollar’s dominance in international trade and to reduce U.S. control of the SWIFT system.
According to the Chinese state-run tabloid Global Times, bankers and economists in BRICS countries have recommended that the bloc “expand national currency settlements and lending to counter the US’ weaponization of the dollar.” …
They resent the dominance of the U.S. dollar as a reserve currency. They do not want the dollar to be the currency of international settlement. And they are threatened by the necessity to transact international payments through the U.S. SWIFT system, which depends on U.S. banks.
The reason why countries use the U.S. dollar in the international settlement is because commodities such as oil are priced in dollars, and because the dollar is a stable currency that is readily convertible everywhere in the world. None of the BRICS currencies are considered fully convertible. …
An alternative recommendation by Putin and bankers in Russia would be to use a basket of currencies. This idea is modeled on the IMF’s SDR, which is composed of a basket of international currencies, including the U.S. dollar, euro, yuan, Japanese yen, and British pound. SDR can be transferred or held in reserve. https://www.theepochtimes.com/china-and-russia-want-to-replace-us-dollar-with-brics-currencies_4585640.html?utm_source=partner&utm_campaign=ZeroHedge
Here is a more recent report related to two of the BRICS nations:
30 October 2022
The transition to trade in national currencies between Russia and China will contribute to a global de-dollarization process, China’s Charge d’Affaires in Russia said this week at a conference on Russian-Chinese relations. … Sun Weidong said, … “… payments are constantly being made in local currencies.”
Russia and its trading partners have been expanding the share of national currencies in mutual settlements in an attempt to move away from the US dollar … in recent years, Moscow has been steadily following a policy of de-dollarization of foreign trade, particularly expanding the use of Chinese currency for buying financial products denominated in yuan, and using it as a reserve currency. https://www.rt.com/business/565397-russia-china-end-dollar-dominance/
Notice also:
7 November 2022
The US dollar, which is enjoying its peak years at the moment, could lose its status as the world’s main reserve currency, former Lehman Brothers executive Lawrence McDonald has told Sputnik news agency. …
According to McDonald, who served as the vice president of distress debt and convertible securities trading at Lehman Brothers, the weaponization of the SWIFT financial system may harm the greenback’s dominance by pushing banks to other substitutes.
“The sanctions-SWIFT game should be used by the West once every 10 years, but they’ve been using this against multiple countries,” he said. “Sanctions against Russia in a war, okay, that’s fine. From a US perspective the problem is you’ve hit 10 different countries over the head with the sanctions card, so you’re forcing these countries to form a bloc against you. That’s what’s happening.” https://www.rt.com/business/565866-wall-street-banker-dollar-demise/
An expanding BRICS alliance is such a block.
Increasing USA debt and the USA’s weaponizing of the dollar are pushing many nations to figure out how to drop the USA dollar.
Russia, China, and much of Europe have been increasing gold reserves (though in Europe, it has been more repatriating of gold).
Because most of the world has had its international trade tied in with the USA dollar, when the unbacked USA dollar finally crashes, people will want something with at least a claimed backing.
Perhaps it should be pointed out that there is more official gold in Europe than in the US (unofficial, private gold levels are harder to determine; see The Plain Truth about European Gold).
After the USA dollar is gone, the Bible shows that Europe will dominate international trade and finance, and this will involve gold (cf. Daniel 11:37-43; Revelation 18).
Russia, China, and other nations are working towards a world where the USA dollar is not the world’s primary reserve currency and a world where gold rises up.
The BRICS call for a basket of currencies with implied gold backing is something I have long warned was a possibility.
Gold will outlast the USA dollar.
Yet, the Bible is clear that those who amass gold at the end time will find it is not the answer:
1 Come now, you rich, weep and howl for your miseries that are coming upon you! 2 Your riches are corrupted, and your garments are moth-eaten. 3 Your gold and silver are corroded, and their corrosion will be a witness against you and will eat your flesh like fire. You have heaped up treasure in the last days. (James 5:1-3)
While I do not have the confidence in gold as many ‘gold bugs’ do (basically, because of scripture and the fact that gold has a limited utility), the time will come when the USA will wish it had more gold, as its practice of electronically printing and borrowing its own money will create a massive problem for it (Habakkuk 2:6-8).
But have no doubt about it, the Bible prophesies that during the Great Tribulation (Matthew 24:21-22; Daniel 11:39-43; Revelation 18:12,16) that nations around the world will value gold. During that time, there will be no USA dollar prominence.
Steps to push aside the USA dollar are happening.
The expansion of BRICS and other non-Anglo-American alliances (like the EU, SCO, ASEAN, and EAEU) is consistent with prophecies about the final time of the Gentiles–this is getting closer.
The more the USA uses its dollar as a weapon, the more nations want to work for a way around it.
Remember, even part of the point of BRICS originally was to bypass the USA dollar. That was also part of the rational the Europeans had when they came up with the euro.
The USA keeps pushing nations away from its dollar through weaponizing it and putting in place various sanctions.
There is a cost to the USA for doing that–and one greater than some inflation.
The USA dollar will one day be worthless.
Many around the world are taking steps to bypass the USA dollar–and becoming more public about it.
Some items of possibly related interest may include:
The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold? Two videos of related interest are Beast Prophecies and European Gold and Germany, Gold, and the US Dollar.
Asia in Prophecy What is Ahead for Asia? Who are the “Kings of the East”? What will happen to nearly all the Chinese, Russians, Indians, and others of Asia? China in prophecy, where? Who has the 200,000,000 man army related to Armageddon? Here is a link to a related sermon: Asia in Prophecy. Two YouTube video are Is China THE Threat to the United States of America? and China: A King of the East.
The Eurasian Union, the Kings of the East, and Bible Prophecy Is there a Eurasian union that will be formed? Are any leaders working on that in the 21st century? Does the Bible teach that there will be a Eurasian union? What about the Eurasian Economic Union (EAEU)? A related video would be Is The Eurasian Union Rising?
Might the U.S.A. Be Gone by 2028? Could the USA be gone by the end of 2028 or earlier? There is a tradition attributed to the Hebrew prophet Elijah that humanity had 6,000 years to live before being replaced by God’s Kingdom. There are scriptures, writings in the Talmud, early Christian teachings that support this. Also, even certain Hindu writings support it. Here is a link to a related video: Is the USA prophesied to be destroyed by 2028? In Spanish: Seran los Estados Unidos Destruidos en el 2028?
USA in Prophecy: The Strongest Fortresses Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does. Two related sermon are available: Identifying the USA and its Destruction in Prophecy and Do these 7 prophesies point to the end of the USA?
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin? A related sermon is also available: The Bible, the USA, and the King of the West.
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? In the Spanish language check out ¿Quién es el Rey del Norte? Here are links to two related videos: The King of the North is Alive: What to Look Out For and The Future King of the North.
The Great Monarch: Biblical and Catholic Prophecies Is the ‘Great Monarch’ of Catholic prophecies endorsed or condemned by the Bible? Two sermons of related interest are also available: Great Monarch: Messiah or False Christ? and Great Monarch in 50+ Beast Prophecies.
Jesus Returning, David’s Throne, and the Stone of Destiny Will Jesus return to the throne of David? What about the Stone of Scone? Here is a link to a related video: Stone of Destiny and Jesus’ Return.
Physical Preparation Scriptures for Christians. We all know the Bible prophecies famines. Should we do something? Here is a version in the Spanish language Escrituras sobre Preparación física para los Cristianos. Here is a link to a related sermon: Physical preparedness for Christians.
Is God Calling You? This booklet discusses topics including calling, election, and selection. If God is calling you, how will you respond? Here is are links to related sermons: Christian Election: Is God Calling YOU? and Predestination and Your Selection. A short animation is also available: Is God Calling You?
Christian Repentance Do you know what repentance is? Is it really necessary for salvation? Two related sermons about this are also available: Real Repentance and Real Christian Repentance.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation.
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter? and British are the Covenant People. A short YouTube of prophetic interest may be: Are Chinese threats against Australia for real?
Will the Anglo-Saxon-Celtic Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?
British are the Covenant People What do ‘British’ and ‘Britain’ mean in Hebrew? Are the descendants of the Anglo-Saxons people of the covenant? Does the British royal family connect to the throne of David? What does the Bible teach? What does history show us? Is there any DNA evidence related to British-Israelism? When did Christianity make it to the British Isles? Could Jeremiah have made it to the British Isles? What type of Christians made it to the British Isles? Did the last King of England believe in British Israelism?
Canada in Prophecy: What Does Bible Prophecy, Catholic Prophecy, and other Predictions Suggest About the Future of Canada? There are prophecies that suggest involvement with Canada. And many are not positive about its future. A sermon of related interest is also available: Canada in Prophecy.
Australia and New Zealand in Prophecy Do biblical prophecies help explain the wealth blessings for Australia and New Zealand? Might cursings from disobedience come in the 21st century? Here is a link to a related sermon: Australia and New Zealand: Origins and Prophecy.
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2031 or 20xx? There is also a video titled 6000 Years: When will God’s Kingdom Come? Here is a link to the article in Spanish: ¿Tiene Dios un plan de 6,000 años?
When Will the Great Tribulation Begin? 2022, 2023, or 2024? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede la Gran Tribulación comenzar en el 2020 o 2021? ¿Es el Tiempo de los Gentiles? A related video is: Great Tribulation: 2026 or 2027? A shorter video is: Can the Great Tribulation start in 2022 or 2023? Here is a video in the Spanish language: Es El 2021 el año de La Gran Tribulación o el Grande Reseteo Financiero.
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