BRICS+ looking to bypass the US dollar–crypto could be part of the plan
126 Nations Meet To Discuss Ditching The US Dollarhttps://t.co/pC2SfVkRyq
— BRICS News (@BRICSinfo) August 29, 2024
The BRICS+ nations have been holding a summit this week. It is reported that 126 nations are now involved. Matters such as agriculture, increased cooperation, technology, and bypassing the US dollar were topics:
South Africa calls for greater focus on agricultural trade at BRICS summit
August 29, 2024
Chief Economist at the South African Agricultural Business Chamber (Agbiz), has emphasised the urgent need for agricultural trade to be prioritised … According to him, with the recent inclusion of the new BRICS members, there is ample opportunity to expand agricultural exports. https://tvbrics.com/en/news/south-africa-calls-for-greater-focus-on-agricultural-trade-at-brics-summit/
BRICS inspiring African nations group ambassador
August 29, 2024
The group is encouraging countries of the continent to challenge Western influence, Samsondeen Olagunju has said
BRICS has become a significant source of motivation for many African countries, encouraging them to assert their independence and challenge Western influence, the International Municipal BRICS (IMBRICS) ambassador in Nigeria has told RT in an exclusive interview. …
Speaking on the sidelines of the IMBRICS forum, a gathering of local governments and municipalities from BRICS members held in Moscow, Olagunju discussed the positive impact that the group has had on the African continent.
“This cooperation has been a source of motivation to so many countries, especially in Africa,” he said. He explained that BRICS had demonstrated to the nations of the continent that they can thrive, even in the face of Western sanctions. “We only needed someone to show us the light. And the BRICS bloc so far has shown the light in Africa.” https://www.bignewsnetwork.com/news/274534730/brics-inspiring-african-nations-group-ambassador
August 29, 2024
The BRICS Faculty will open in Synergy University. This was announced by the rector of the university Artem Vasiliev at the VI International Municipal Forum of the BRICS countries.
Synergy University co-organized a session on the role of educational diplomacy in the development of cooperation between the BRICS countries. … “Following the meeting of the Ministers of Education of the BRICS countries in In Kazan, it was decided to expand the formats of interaction between partners. Thus, it is planned to organize a pilot international Olympiad, which will provide an opportunity for segmented selection of applicants to study at Russian universities. We are also developing an alternative university rating system, holding a forum for young scientists, and a competition for young innovators,” Olga Petrova added. https://www.akm.ru/eng/press/synergy-university-to-open-faculty-of-brics-countries/
Many nations are frustrated with the bullying by the United States–or what Hillary Clinton referred to as “soft power” when she was US Secretary of State. The pressures from the US have helped nations band together–and they want to decrease US influence, particularly also its financial influence.
Here is a little bit about BRICS+:
August 28, 2024
Initially formed as “BRIC” – Brazil, Russia, India, China – and subsequently becoming “BRICS”, with the addition of South Africa,[1] this group of countries constitutes a unique coalition of emerging economies that collectively represent a significant counterbalance to the established economic powers of the West. …
The idea of economic cooperation among BRICS members is not just theoretically appealing but is already being explored through various initiatives. For instance, the creation of joint infrastructure for mutual trade, such as commodity exchanges and logistics centers, is under discussion and some preliminary steps have been taken. …
Looking ahead, further steps could be taken to deepen economic cooperation within BRICS. These could include the full realization of joint infrastructure projects like commodity exchanges and logistics centers, as well as the development of more active industrial policies. …
The diversity of BRICS member states and the divergence in some of their policies is a challenge, yet this very diversity is what makes BRICS a unique and potentially transformative coalition. By leveraging their collective strengths and addressing their weaknesses, BRICS countries can play a pivotal role in shaping a more inclusive and multipolar world order.
In this scenario the BRICS+ initiative, which aims to expand the group by including several other emerging economies – namely Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates – reflects the recognition of the need for greater inclusivity and collaboration in addressing global challenges. https://katoikos.world/analysis/brics-navigating-a-complex-economic-and-political-landscape.html
August 28, 2024
Over the last two years, the global economy has undergone a massive shift. The BRICS alliance has been a massive part of that, with the alliance nations dominating the list of the top 10 fastest-growing economies. Moreover, they have only pushed the United States further down the list.
The bloc has been outspoken in its pursuit to shift the financial status quo, specifically, through its quest for multipolarity and ongoing de-dollarization efforts. That has seemingly paid dividends, with economic standings showing the transition of power. …
The BRICS bloc dominates the list of the 10 fastest-growing economies, according to the UN Financial Agency. Specifically, India, China, and Russia all have a space within the top five. Alternatively, the United States has dropped to the 7th position.
India is firmly situated atop the list for 2024.
Both China and Russia are the second and fifth fastest-growing economies. https://watcher.guru/news/brics-countries-dominate-list-of-top-10-fastest-growing-economies
Yes, BRICS+ faces challenges. But the growing alliance continues to look at ways to bypass the US dollar as the following suggests:
BRICS: Alliance Crypto Payments to Overtake the US Dollar?
August 28, 2024
Ever since Russia legalized crypto payments, all eyes were on how that would integrate into its prominent economic alliance. With the bloc’s payment system on the way, digital assets could play a huge role. Indeed, BRICS crypto payments could be key in overtaking the US dollar.
The group has not been shy about its de-dollarization hopes. Since 2022, it has sought to decrease international reliance on the greenback. With Russia facing increased sanctions, alliance trade outside of the dollar became a necessity. As crypto integrations take place, efforts to ditch it could hit overdrive.
BRICS Crypto Payments May Create Path to Completely Ditch the US Dollar
Crypto is set to be a critical part of BRICS. With Russia moving to legalize the form of payment, trade settlements using the asset should skyrocket. Moreover, it could create clear avenues to continue creating a multipolar economic shift on a global scale.
It was revealed that the US dollar reserve held by central banks has fallen to 59%, according to the Atlantic Council. Indeed, that has been a notable decline since 2001, when the BRICS bloc was formed. Yet, that is only expected to continue declining amid the alliance’s actions to lessen its role.
Additionally, the yuan recently overtook the dollar in cross-border transactions for the time in China’s history. While the renminbi accounts for 48% of commerce, the greenback fell to 46.7%. Now, the BRICS bloc is looking for its crypto payments to create even more incentive to ditch the US dollar. … That would be a critical blow to the greenback. https://watcher.guru/news/brics-alliance-crypto-payments-to-overtake-the-us-dollar
Almost Half Of The World Shows Interest in Joining BRICS and Dethroning The US Dollar
August 28, 2024
Around 126 nations will attend a BRICS Municipal Conference, all showing interest in joining the bloc and ditching the US Dollar. The queue to join BRICS is getting longer as developing countries are expressing their interest in joining the alliance. Developing countries are now looking to end dependency on the US dollar to promote local currencies for trade.
The BRICS countries’ VI International Municipal Forum (IMF) will take place in Moscow on between August 27 and 28. Mostly developing countries hailing from Asia, Africa, South America, and Eastern Europe shared initial interest in joining the bloc. The newfound ambition is to strengthen their local currencies and not be dependent on the US dollar for trade. …
The 16th BRICS summit will be held in the Kazan region of Russia from October 22 to 24, 2024. The new extended alliance will get together at the table for discussions for the first time since the expansion. The center points of discussion will likely be the US Dollar, a new BRICS currency, and the future of expansion. https://watcher.guru/news/brics-126-nations-meet-with-alliance-to-discuss-ditching-the-us-dollar
Yes, the US dollar is at risk.
As long time readers of this COGwriter Church of God News page are aware, I have long warned of “unintended consequences” of USA sanctions policies (watch US Sanctions and Tariffs leading to New World Order?).
As far as cryptocurrencies go as a possible mechanism to bypass the US dollar, earlier this month we put out the following related video:
Russia, USA, & Bitcoin
On July 30, 2024, Russian lawmakers passed a bill that will allow businesses to use cryptocurrencies, like Bitcoin, to skirt Western sanctions imposed after Russia’s Special Military Operation into Ukraine. This is to come to force in September 2024. This is hoped to help with trade between Russia, China, India, the United Arab Emirates, and others. What are several advantages to Russia in doing so? Could there be “unintentional consequences” in dealing with Bitcoin? Is Bitcoin “as good as good” or silver? What does the Bible teach about gold? Does the Bible allow for the ‘666’ power to use unregulated Bitcoin? Was a bill been introduced in the US Congress for its Treasury to purchase 1 million Bitcoin? Has Donald Trump made statements about the USA stockpiling Bitcoin should he again become President of the United States? Does the Bible warn against debt accumulation, show that the USA dollar will one day be worthless, and prophesy that the strongest military on the earth will be conquered? Should you rely on any nation, gold, or cryptocurrency? What should Christians rely on? Dr. Thiel and Steve Dupuie address these issues.
Here is a link to our video: Russia, USA, & Bitcoin.
Before the conference, some thought that the BRICS might propose some type of gold backed crypto currency (https://coingeek.com/is-brics-about-to-announce-a-gold-backed-currency/). And that is something that several of the BRICS nations have seriously considered.
Notice the following, related to the US dollar and BRICS, which is in my free online 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
The BRICS+ nations continue to take steps to dethrone the US dollar.
Let me add that although the European Union is not part of BRICS+ at this time, part of the reason to develop the Euro was to bypass the need for the US dollar in trade.
The Bible does point to the Europeans possibly also backing their currency with gold (cf.Daniel 11:38-43; Revelation 18).
The US is prophesied to collapse financially and be taken over (cf. Deuteronomy 28:43-45,47-52; Habakkuk 2:6-9)–yes the US is prophesied to be conquered (cf. Daniel 11:39; Isaiah 10:5-11).
Although the USA is not likely to repent nationally to prevent its prophesied demise (cf. Hosea 11:3a, 5b-7), personally you can repent, as well as physically take steps, before the dollar-based economic system collapses.
Do NOT place your confidence in Bitcoin, FTX, the US dollar, or gold, but “seek first the Kingdom of God” (Matthew 6:33).
Some items of possibly related interest may include:
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.
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? A video of related interest may be: Germany, Gold, and the US Dollar.
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.
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? A related sermon is also available titled: Real Christian Repentance.
Just What Do You Mean — Repentance? Do you know what repentance is? Have you truly repented? Repented of what? Herbert W. Armstrong wrote this as a booklet on this important subject.
When You Sin: Do You Really Repent? This is an article by Charles F. Hunting. A related sermon is Confess to God and truly repent.
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.
Blockchain, Karl Guttenberg, and 666. American Express just announced a deal with Ripple related to using its blockchain technology. No longer confined to Bitcoin, blockchain technology is moving towards the mainstream. Former German Economic and later Defense Minister, Karl-Theodor zu Guttenberg has long been an adviser to Ripple and has plans for internationally-expanding the use of blockchain money. Jim Rickards, Doug Casey, and others have expressed concerns that blockchain money will give governments too much control over buying and selling. Could any of this be related to biblical prophecies in the Books of Daniel and Revelation? Could any of this help fulfill the prophecies related to buying and selling and 666 in Revelation 13? Dr. Thiel addresses these issues and more in this video. A related written article is also available: Amex launches blockchain-based business payments using Ripple: Prelude to the Beast and 666?
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.
Could 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 2025 or? There is also a video titled: When Does the 6000 Years End? 2031? 2035? Here is a link to the article in Spanish: ¿Tiene Dios un plan de 6,000 años?
Might the U.S.A. Be Gone in 2028? Could the USA be gone by the end of 2028? 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?
When Will the Great Tribulation Begin? 2024, 2025, or 2026? 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: Tribulation in 2024?
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? Do you really know what will happen to Europe and the English-speaking peoples? What about the peoples of 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.
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