BRICS surpasses G7 and says US dollar to be ditched in 2024
BRICS header photo https://twitter.com/brics_cci/header_photo
The USA-UK dominated world order is being pushed aside. In addition to the goals of the European Union (which no longer includes the UK), there is the growing BRICS alliance. Originally consisting of Brazil, Russia, India, China and South Africa (hence BRICS), more nations have joined and more wish to become part of this alliance.
So much so, it is now claimed to already be larger than the G7 group of mainly western nations:
Russia Says BRICS Now Surpasses G7
January 30, 2024
Russia is discussing using national systems for transmitting financial messages with other BRICS countries, the country’s central bank governor, Elvira Nabiullina, said on Tuesday, January 30.
“Russia has a System for Transmitting Financial Messages (SPFS), which is an alternative to SWIFT. Similar infrastructure exists in some other countries. We are holding discussions on the interaction of such platforms, but here the interest and technical readiness of our partners are important,” said Nabiullina.
She elaborated that 159 foreign participants from 20 countries have already joined the Russian system.
The SPFS was set up by the Bank of Russia to mitigate the risks of potential disconnection of Russian banks from SWIFT — an international interbank system for transmitting information and making payments, which links more than 11,000 organizations in almost every country in the world. …
Also, Nabiullina, told RIA Novosti that the BRICS states have exceeded the G7 in terms of share in global GDP in PPP terms.
According to the central bank chief, with the addition of the new members, the group’s share in global output rose from 31 percent to 35 percent as of the end of 2023.
The metric that Nabiullina employed is called GDP in terms of PPP, or purchasing power parity. PPP is a metric popular with many economists and compares economic productivity and standards of living between countries for the differences in the cost of goods and services.
“BRICS economies are developing quite quickly,” Nabiullina said, highlighting that the group is playing a crucial role in the world.
Last year witnessed an historic enlargement of the BRICS group. Formerly made up of Brazil, Russia, India, China, and South Africa, the economic bloc admitted Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the United Arab Emirates (UAE), while leaving the door open to accepting new members. https://thenewamerican.com/world-news/europe/russia-says-brics-now-surpasses-g7/
I have long warned that USA sanctions were hurting SWIFT as well as other USA interests (e.g. ‘SWIFT end’ as Russian banks move towards Chinese financial system? Can this hurt the USA?).
One of the objectives of the BRICS alliance is the elimination of the USA dollar as the world’s trading and reserve currency. With that in mind, notice also the following:
BRICS: Russia Says Ditching US Dollar is a Top Priority in 2024
January 30, 2024
Following the theme that led the BRICS alliance throughout last year, Russia has said that ditching the US Dollar is 2024’s top priority. Indeed, the country is set to embrace the chairmanship of the group this year. Subsequently, it discussed the current financial reality of the global economic order as its most pressing point of cooperation.
The statement was made at a recent gathering of BRICS Sherpas and Sous Sherpas that took place Monday. There, all BRICS nations were represented, including the five newest expanded countries. …
“In line with the decision of the BRICS leaders in Johannesburg, we will explore ways to make greater use of national and local currency and payment instruments in our cross-border transactions,” Sergey Ryabkov stated during the meeting. Moreover, he added that this would be done “to reduce the negative side effects of the currency global economic system.”
Russia spearheaded the BRICS de-dollarization plans after Western sanctions were imposed following the invasion of Ukraine. That weaponization of the greenback instilled renewed fear in fellow alliance members. https://watcher.guru/news/brics-russia-says-ditching-us-dollar-is-a-top-priority-in-2024
Now, while the astute observer may notice that it was Russia making the above comments, this ditching of the USA dollar is a key objective of the BRICS alliance, and not just Russia.
The BRICS nations see the USA debt risk and despise USA sanction policies. They clearly want to topple the dominance of the US and its dollar (as do the Europeans, which is part of why they came out with the Euro).
Related to BRICS and the USA dollar, notice the following which is in my book Lost Tribes and Prophecies: What will happen to Australia, the British Isles, Canada, Europe, New Zealand and the United States of America?:
Those in Iran and some of the Arab lands, along with nations such as Brazil, China, and India have discussed plans for the removal of the dominance of the U.S.A. in global trade as well. The former (again current) President of Brazil, Luiz Inácio Lula da Silva, even claimed that eliminating the U.S. dollar’s reserve currency status was one of the reasons that the BRICS alliance (Brazil, Russia, India, China, and South Africa) was formed in the first place. [i] Others have noted that bypassing the USA dollar is still an object of BRICS—and officially BRICS nations “are currently working on setting up a new global reserve currency,”[ii] which may have gold-backing.[iii] The expansion of BRICS (which is in progress) may ultimately even hurt Australian trade as well as “severely weaken primacy of the US Dollar as an international currency.”[iv]
The Bible clearly warns against cheapening the money supply and encourages having money hold its value (Proverbs 25:4 Isaiah 1:25, Ezekiel 22:18-22). Debt is also warned against (Habakkuk 2:6-8). Yet policies enacted under the Obama, Trump, and Biden Administrations, following certain other administrations, have ignored these warnings.
[i] Escobar P. BRICS was created as a tool of attack: Lula. Asia Times, August 28, 2019
[ii] BRICS developing new global reserve currency – Putin. RT, June 22, 2022
[iii] Helms K. Economists Discuss Russia, China Potentially Developing Gold-Backed Currency. BRICS Information Portal, November 11, 2022
[iv]Hunter M. BRICS Is Becoming The Big Kid On The Block: Implications For Australia – Analysis. Eurasia Review, November 1, 2022
One day the US dollar will be toppled–but that will not fully happen in 2024. But let me add that the Bible teaches that a coming European power will accumulate gold too (cf. Daniel 11:38,43; see also The Plain Truth About Gold in Prophecy. How Should a Christian View Gold?).
Based upon several biblical prophecies, I have long written that the Asians and Europeans will cooperate, for a time, and eliminate the USA and its Anglo-Saxon descended allies. They will divide their lands among them per Daniel 11:39, and many of the survivors will be made slaves (for more details check out the article Will the Anglo-Saxon Nations be Divided and Have People Taken as Slaves?).
It should be added that part of the purpose of the Euro was to bypass the USA dollar for international trade. And, that has happened completely within the Eurozone block in the EU.
Steps towards pushing away the Anglo-American dominance of the world for the past couple of centuries is happening.
Although BRICS will not dominate the world economically like the coming European Beast power will, the BRICS nations and their actions will have major impacts on the world.
Related to BRICS and the USA dollar, we put together the following video:
BRICS Push Aside USA Dollar
The BRICS nations (Brazil, Russia, India, China, and South Africa) have as one of their founding goals, to eliminate the need to use USA dollars in cross-border trade. Six additional nations have been invited to join BRICS in 2024, and India reports that six more are also being looked at. The BRICS nations have already began to drop the USA dollar for some cross-border trading with Russia and China indicating that they had almost done so completely in late 2023. What will happen to the economy and value of the USA dollar if more and more nations stop using it as a primary reserve and trading currency? What about hyperinflation? Does the Bible prophesy destruction for a highly indented nation in the end time? Is the USA the most indebted nation of all time? What about the intent and use of the Euro? Will Europe and Asia cooperate to eliminate the USA and its British-descended allies?
Here is a link to our video: BRICS Push Aside USA Dollar.
A lot is happening.
The USA dollar will no longer remain “king.” This will greatly impact the economy of the USA.
As Jesus said: “And what I say to you, I say to all: Watch!” (Mark 13:37).
Some items of possibly related interest may include:
Lost Tribes and Prophecies: What will happen to Australia, the British Isles, Canada, Europe, New Zealand and the United States of America? Where did those people come from? Can you totally rely on DNA? What about other peoples? Do you really know what will happen to Europe and the English-speaking peoples? What about Africa, Asia, South America, and the Islands? This free online book provides scriptural, scientific, historical references, and commentary to address those matters. Here are links to related sermons: Lost tribes, the Bible, and DNA; Lost tribes, prophecies, and identifications; 11 Tribes, 144,000, and Multitudes; Israel, Jeremiah, Tea Tephi, and British Royalty; Gentile European Beast; Royal Succession, Samaria, and Prophecies; Asia, Islands, Latin America, Africa, and Armageddon; When Will the End of the Age Come?; Rise of the Prophesied King of the North; Christian Persecution from the Beast; WWIII and the Coming New World Order; and Woes, WWIV, and the Good News of the Kingdom of God.
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 and silver? Two videos of related interest may be: Germany, Gold, and the US Dollar and Silver, Science, and Scripture.
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 are links to related videos: European history and the Bible, Europe In Prophecy, The End of European Babylon, and Can You Prove that the Beast to Come is European?
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