BRICS nations Russia and China have essentially stopped using the USA dollar for trade

BRICS Confirms Another 6 Country Expansion in 2024https://t.co/4TfiAbw0oR

— BRICS (@BRICSinfo) December 22, 2023

The BRICS alliance is expected to grow in 2024:

At the bloc’s 2023 annual summit, the BRICS alliance announced a landmark six-country expansion effort. Subsequently, Saudi Arabia, the United Arab Emirates (UAE), Iran, Argentina, Egypt, and Ethiopia received invitations. Now, India’s Minister of External Affairs recently confirmed that BRICS is set for another six-country expansion plan in 2024.

Speaking at an event this week, Subrahmanyam Jaishankar confirmed that the BRICS bloc has already agreed on an extension for the next time the bloc meets in full. Although he did not disclose if the alliance had already agreed on countries that would be included, he did note how many would be included. 12/20/23 https://watcher.guru/news/brics-confirms-another-6-country-expansion-in-2024

Consistent with one of the main goals of BRICS, two of its founding members have decided to stop using the USA dollar for their cross-border trade:

Russia and China No Longer Using Dollar for Trade

December 22, 2023

During a meeting on December 21 with his Chinese counterpart, Li Qiang, Russian Prime Minister Mikhail Mishustin declared that Western currencies have almost been completely eliminated for Russia-China trade, as nearly all payments between the countries are now conducted in rubles and yuan.

The Russian PM made these remarks during a two-day visit to Beijing for a scheduled meeting of Russian and Chinese heads of government.

We continue to increase the share of national currencies in mutual settlements. If in 2020 this figure was about 20%, then this year we have actually completely gotten rid of the currencies of third countries in mutual settlements,” Mishustin disclosed. https://www.infowars.com/posts/russia-and-china-no-longer-using-dollar-for-trade/

With that in mind, consider the following:

BRICS-led dedollarization should alarm the US as new members could be most aggressive against the greenback, former State Dept. official says

Writing for the Atlantic Council, Thomas Hill noted …

“The BRICS-led dedollarization effort should alarm US policymakers, especially in light of the recent BRICS membership expansion,” wrote Hill, who is currently the director for the North Africa Program at the US Institute of Peace. “It is clear that traditional US allies, such as Egypt, Saudi Arabia, and the UAE, are already exploring ways to dedollarize, and that Beijing is helping that process move forward.”

This year, the economic bloc — originally composed of Brazil, Russia, India, China, and South Africa — has touted plans to take on the greenback’s dominance in the global financial system. …

Global coordination against the dollar would also impact US fiscal health, limiting the country’s ability to run large federal deficits and keep debt costs grounded, Hill said. 12/17/23 https://markets.businessinsider.com/news/currencies/dedollarization-dollar-dominance-new-brics-china-yuan-currency-sanctions-debt-2023-12

Russia and the rest of the BRICS nations have been conducting more cross-border trade in their own currencies and less with the USA dollar and the Euro. As I wrote years ago, there is a cost to USA sanctions, and the time will come when the USA dollar is worth no more than its nostalgic or scrap value.

As far as the BRICS and the USA dollar go, notice also the following:

BRICS countries could swing an ‘economic wrecking ball’ at dollar dominance even without a shared trade currency, former White House economist says

November 3, 2023

The dollar could face a growing challenge from BRICS countries, thanks to the bloc’s growing size and influence over global trade, according to former White House economist Joe Sullivan. …

Eventually, those trends could help put the greenback in a similar position as the British pound, Sullivan warned, which slipped from international dominance in the 1800s.

“The BRICS+ states do not even necessarily need to have a shared trade currency to chip away at King Dollar’s domain. If BRICS+ demanded that you pay each member in its own national currency in order to trade with any of them, the dollar’s role in the world economy would go down. There would not be a clear replacement for the dollar as a global reserve. A variety of currencies would gain in importance,” he said. https://markets.businessinsider.com/news/currencies/dedollarization-brics-currency-wars-dollar-international-trade-central-bank-reserves-2023-11

BRICS will impact the West, but it will mainly push against Anglo-American dominance.

Notice the following list:

10 U.S. Sectors To Be Affected If BRICS Stops Using the Dollar

A total of 10 financial sectors in the U.S. will be affected if BRICS uses local currencies and not the U.S. dollar. The sectors include banking, trade, forex, and tourism, among others. The U.S. financial sectors that could be affected if BRICS ditch the U.S. dollar are:

Global Financial System

Banking and Finance

Energy and Commodity Markets

International Trade and Investment

Capital Markets

Consumer Goods and Retail

Production and Consumption

Technology and Fintech

Government and Policy

Travel and Tourism

Moreover, all the 10 sectors are closely linked to the U.S. economy and could have complications if the dollar loses demand. The banking sector could take the first hit that might eventually spill over to the markets. 10/04/23 https://watcher.guru/news/10-u-s-sectors-to-be-affected-if-brics-stops-using-the-dollar

I believe that the situation for the USA will be much worse than just complications. There will be massive inflation–and ultimately hyperinflation. When the USA dollar loses its dominance, in time, it will be a disaster beyond what most people would be willing to imagine (cf. Habkkuk 2:6-8).

Notice the following from Daniel Bobinksi:

November 8, 2023

The US Economy is in desperate need of reform. Our elected officials just keep spending money as if it will appear out of nowhere. We’re currently almost $34 trillion in debt, and the Congressional Budget Office says that number will double before the year 2053.

The rest of the world is looking at this and realizing they don’t want to go down with our sinking ship, so they’re forming new alliances – one of which is BRICS, named after the founding countries of Brazil, Russia, India, China, and South Africa.

The BRICS countries see the writing on the financial wall. And, to protect themselves, they’re creating their own currency – which will counter the US dollar on the world stage and could be ready to launch by next summer.

If and when that happens, the US dollar will no longer be king, and the entire global financial system will shift, including banking, energy, and commodity markets.

It’s likely to be a financial earthquake on a magnitude we’ve never seen. https://danielbobinski.substack.com/p/what-happens-when-the-dollar-is-no

Daniel Bobinksi is right that it will be a financial earthquake on a magnitude the USA has never seen.

In the mail a dozen years ago, I recently received an unsolicited infomercial booklet written by Dr. Martin Weiss titled American Apocalypse. Here is some of what it said (bolding mine):

What is the the historic, life-changing, world-changing event that is also about to vaporize massive amounts of wealth and potentially threaten our liberties right here in the United States of America?

It’s the singular moment in time when the last investor willing to loan money to the government calls it quits.

It’s when the government can no longer borrow and simply runs out of money…I’m talking about a sudden, rejection of U.S. debt by the world’s investors…

Hunger and homelessness explode…riots…crime skyrockets…cities burn…

I’m under no delusion here. I know that the vast majority of Americans will fail to heed this warning and fail to get ready for this crisis. (Weiss MD. American Apocalypse. Weiss Research, October 2011, pp. 30, 36, 42)

The situation is at least that dire.

The USA will have MASSIVE inflation and the economy will never fully recover as creditors will rise up and eliminate the USA per Habakkuk 2:

6 “Will not all these take up a proverb against him,
And a taunting riddle against him, and say,
‘Woe to him who increases
What is not his — how long?
And to him who loads himself with many pledges’?
7 Will not your creditors rise up suddenly?
Will they not awaken who oppress you?
And you will become their booty.
8 Because you have plundered many nations,
All the remnant of the people shall plunder you,
Because of men’s blood
And the violence of the land and the city,
And of all who dwell in it. (Habakkuk 2:6-8)

The most indebted nation of all time is the USA. The above is NOT referring to the tiny nation of Israel as it does not have enemy creditors–this is an end time prophecy for the USA.

Notice, like Martin Weiss warned, foreign creditors at some point in time will rise up quickly.

I saw a chart a couple of days ago that showed that the USA had about 1/3 of all the global government debt (see https://www.zerohedge.com/markets/world-sitting-powder-keg-debt). Yet, with only 4.25% of the world’s population, the USA is massively in debt.

Now, let’s back up a few verses in Habakkuk 2:

2 Then the Lord answered me and said:

“Write the vision
And make it plain on tablets,
That he may run who reads it.
3 For the vision is yet for an appointed time;
But at the end it will speak, and it will not lie.
Though it tarries, wait for it;
Because it will surely come,
It will not tarry. (Habakkuk 2:2-3)

Many have become complacent with the increasingly rising USA debt. While its destruction for it has still tarried, that will change. Hopefully, Christians realize the seriousness of the warning God’s prophet Habakkuk was inspired to write.

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 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.

Some secular sources are noticing this.

UPDATE 12/24/23: We just uploaded the following related video:

14:31

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?