CBC: BRICS nations take on U.S. dollar, Western dominance; DR: Rickards Drops Bombshell; WND: Mark Levin’s Debt Discovery
BRICS header photo https://twitter.com/brics_cci/header_photo
More and more secular sources are finally catching up with the plans of the BRICS (Brazil, Russia, India, China and South Africa) alliance.
Here is a report from the CBC:
BRICS nations take on U.S. dollar, Western dominance
June 8, 2023
Supporters of the BRICS alliance say a multipolar world is what’s needed right now given rising geopolitical tensions, insecurity, and inequality. They are calling for power to be decentralized from Western countries like the U.S. and the U.K.
Foreign ministers from each of those nations met last week to discuss their priorities: the possible creation of an alternative currency to the U.S dollar, the growth of their alternative to the World Bank, called the New Development Bank, and the likelihood of more nations joining the group.
South Africa is set to hold a summit of BRICS heads of state in August. https://www.cbc.ca/news/world/nothing-is-foreign-june-8-1.6868908
Daily Reckoning posted the following:
Rickards Drops Bombshell
June 7, 2023
On Aug. 22, about 2½ months from today, the most significant development in international finance since 1971 will be unveiled.
It involves the rollout of a major new currency that could weaken the role of the dollar in global payments and ultimately displace the U.S. dollar as the leading payment currency and reserve currency.
It could happen in just a few years.
The process by which this will happen is unprecedented, and the world is unprepared for this geopolitical shock wave.
This monetary shock will be delivered by a group called the BRICS. …
There are currently eight nations that have formally applied for membership and 17 others that have expressed interest in joining. The eight formal applicants are: Algeria, Argentina, Bahrain, Egypt, Indonesia, Iran, Saudi Arabia and the United Arab Emirates.
The 17 countries that have expressed interest are: Afghanistan, Bangladesh, Belarus, Kazakhstan, Mexico, Nicaragua, Nigeria, Pakistan, Senegal, Sudan, Syria, Thailand, Tunisia, Turkey, Uruguay, Venezuela and Zimbabwe. …
The BRICS+ present a realistic effort to de-dollarize global payments and eventually global reserves.
For years, I’ve argued that the dollar would remain the world’s leading reserve currency for longer than most people think.
But … a new BRICS+ currency could greatly accelerate the demise of the dollar as the world’s leading reserve currency. …
The currency will be pegged to a basket of commodities for use in trade among members. Initially, the BRICS+ commodity basket would include oil, wheat, copper and other essential goods traded globally in specified quantities.
In all likelihood, the new BRICS+ currency would not be available in the form of paper notes for use in everyday transactions. It would be a digital currency on a permissioned ledger maintained by a new BRICS+ financial institution with encrypted message traffic to record payments due or owing by participating parties. …
Based on the impracticality of commodity baskets as uniform stores of value, it appears likely that the new BRICS+ currency will be linked to a weight of gold. …
the BRICS+ currency offers the opportunity to leapfrog the Treasury market and create a deep, liquid bond market that could challenge Treasuries on the world stage almost from thin air.
The key is to create a BRICS+ currency bond market in 20 or more countries at once, relying on retail investors in each country to buy the bonds. https://dailyreckoning.com/rickards-drops-bombshell/
Yes, major steps are being taken to push aside the dominance of the USA dollar.
Yes, gold looks to be involved. USA sanctions policies and debt (which Joe Biden and others continue to increase–watch also our latest uploaded video: And the Debt Goes On …) will have costs greater than those that most pundits understand (cf. Habakkuk 2:6-8).
James Rickards did not discuss the role of Europe to bypass the USA dollar –but that was part of why the euro was developed in the first place. And Europe will help topple the dollar–it will not just be the alliance of the BRICS nations.
Related to gold and the replacement of the USA dollar, we put out the following video:
China introduced something that was called the gold-petro-yuan back in 2018. Since then, the global share of US-dollar-dominated exchange reserves have dropped to 59.0%. In April 2021, China became the first major economy to unleash a Central Bank Digital Currency. China also has given its banks permission to import large amounts of gold. Is China preparing for a gold-backed yuan to push aside the US dollar or to help it survive a US dollar cataclysm? Are other nations preparing to push the US dollar aside? Do Europeans seem to have the most gold? Are Europeans prophesied to gain more gold? Is the US debt trajectory sustainable per Fed Chairman Jerome Powell? Does the Bible warn of the end coming to the highly indebted in Habakkuk 2:6-8? Why does it looked like a gold-backed currency will replace the US dollar? Will the US dollar, ultimately, become essentially worthless? Dr Thiel addresses these issues and more.
Here is a link to our video: Gold Backed Currency to Replace the US Dollar?
As far as the debt of the USA goes, notice the following:
June 7, 2023
Mark Levin is a national treasure. He did something unusual on his most recent Fox News program Sunday night.
With all the chatter about the “debt limit,” Levin went {to} the source – the May 2023 Government Accountability Office report, entitled, “The Nation’s Fiscal House: Road Map Needed to Address Projected Unsustainable Debt Levels.” …
The report was issued to every leader in Congress by the executive branch. It says: “The federal government faces an unsustainable long-term fiscal future. Long-term projections from the Office of Management and Budget and the Treasury, the Congressional Budget Office and the GAO all show that the balance of current revenue and program spending policies result in debt growing faster than the economy. This is unsustainable over the long term.” …
“The fiscal year 2022 federal deficit was among the highest in American history. This occurred even though revenue growth has been strong and federal COVID-19 relief spending has declined from recent years. In addition, the cost of financing the debt increased from prior years because interest rates rose substantially in fiscal year 2022. Rising debt, relative to economic growth, could increase borrowing costs for both the federal government and private borrowers and could slow economic growth. CBO has stated that high and rising federal debt as a share a share of the economy increases the risk of a fiscal crisis. The underlying conditions driving the unsustainable fiscal outlook pose serious economic, security, and social challenges if not addressed.”
Levin adds, “What they are trying to say is the economy could collapse.”
But the report gets worse. It says: “For most the nation’s history, the government’s debt held by the public as a share of GDP has increased during wartime and recessions but decreased during peacetime and economic expansions. Most recently this pattern has changed. Debt held by the public as a share of GDP grew during three of the four most recent economic expansions.” https://www.wnd.com/2023/06/mark-levins-discovery-massive-national-debt/
Yes, many government officials realize that the US is setting itself up for economic collapse and disaster.
And, let me add that the BRICS nations have long wanted to topple the dominance of the US 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?).
Biblically, it should be noted, is that the role for at least a few of the BRICS nations seems to be related to a coming military alliance. Related to BRICS, we have the following video:
BRICS and the Woes of Revelation
The BRICS nations consist of Brazil, Russia, China, India, and South Africa. In February of 2023, Russia, China, and South Africa held joint naval drills. In the Fall of 2022, India, Russia, and China held joint military exercises. Brazil also has a military cooperation agreement with Russia. The Book of Revelation uses the term woe three in chapter 8 verse 13–those woes are then discussed in later chapters. Could the BRICS nations, along with the coming Babylonian European Beast power be involved in all three of the woes? Do the BRICS nations want to push aside the USA dollar? Is one of the woes tied to the rise of a 200,000,000 man army? Is there any connection to the second woe and the two witnesses? Do the woes correspond with the last of the seven trumpets in the Book of Revelation? Is one of the woes tied to Armageddon? Does Jesus return with the seventh trumpet? Will nations not be pleased when Jesus returns? Dr. Thiel and Steve Dupuie go over these matters.
Here is a link to our video: BRICS and the Woes of Revelation.
Although BRICS will not dominate the world economically like the coming European Beast power will, the BRICS nations and their decisions will have major impacts on the world.
The USA dollar will be replaced.
Actions being taken around the world are setting the stage for that.
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 Eurasian Union, the Kings of the East, and Bible Prophecy Is there a Eurasian union that will be formed? Is one being formed right now? Are any leaders working on that in the 21st century? Does the Bible teach that there will be a Eurasian union? If some type of Eurasian union is formed, who might it benefit and who will it destroy? A related video would be Is The Eurasian Union Rising?
Russia and Ukraine: Their Origins and Prophesied Future Russia in prophecy. Where do the Russians come from? What about those in the Ukraine? What is prophesied for Russia and its allies? What will they do to the Europeans that supported the Beast in the end? There is also a video sermon available: Russia in the Bible and in Prophecy and a video sermonette available: Ukraine in Prophecy?
Is Russia the King of the North? Some claim it is. But what does the Bible teach? Here is a link to a video, also titled Is Russia the King of the North?
Ezekiel 38: For Russia & Iran in Our Day? Is Ezekiel 38 about to be fulfilled? A related video is available titled Ezekiel 38: For Russia, Ukraine, & Iran Now? Another could be Russia, Iran, Syria, & the Bible (Code).
Europa, the Beast, and the Book of Revelation discusses the largest church since the second/third century, which in a real sense is the eighth church mentioned in the Book of Revelation (it also endorses “eighth day” worship). What church would support the Beast? Here is a link to a video titled: Europe and the ‘Holy Roman Empire’.
Iran in Prophecy Is Iran in Bible prophecy? If so, what does the Bible teach? What names, other than Persia, may be used to describe Iran? There is also a related YouTube video titled Iran In Prophecy. Armageddon Who is involved and when will this gathering happen? Here is also a video from Dr. Thiel, from Tel Megiddo in Israel: Armageddon. Other videos include: Armageddon Will it come on Trump’s watch?, Iraq, Armageddon, & Prophecy, Freemasonry, Armageddon, and Rome, Is China paving roads to Armageddon?, and Jordan, Petra, and Armageddon.
China, Its Biblical Past and Future, Part 1: Genesis and Chinese Characters Where did the Chinese people come from? Japeth, Javan, Magog? Is there evidence that the Chinese peoples must have known about various accounts in the Book of Genesis up until their dispersion after the Tower of Babel? What do Chinese writings and characters help show? What about the Garden of Eden, Noah’s Flood, and the Tower of Babel? Here is a link to a version of this article in Spanish: ¿Prueban los caracteres chinos la exactitud de la Biblia? A related sermon is also available: China’s biblical past and prophetic actions.
China, Its Biblical Past and Future, Part 2: The Sabbath and Some of God’s Witness in China When did Christianity first come to China? What about the Apostle Thomas? Did Confucius say anything to get the Chinese to possibly consider Christianity? Is there early evidence that they observed the seventh day sabbath? What about the Ten Commandments? What type of Church of God witness has there been to China? What has been happening with China that ties it together with prophecies in Revelation? What about the 200 million man army and Armageddon? What about the Belt and Road Initiative and end time Babylon the Great? A related sermon is also available: China’s biblical past and prophetic actions. Watch also China’s Silk Road and Babylon the Great.
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 Times of the Gentiles Has there been more than one time of the Gentiles? Are we in it now or in the time of Anglo-America? What will the final time of the Gentiles be like? A related sermon is available and is titled: The Times of the Gentiles.
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.
Biden-Harris: Prophecies and Destruction Can the USA survive two full presidential terms? In what ways are Joe Biden and Kamala Harris apocalyptic? This book has hundreds of prophecies and scriptures to provide details. A Kindle version is also available and you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to your free Kindle reader app (or if you already have one or a Kindle), you can go to: Biden-Harris: Prophecies and Destruction (Kindle) to get the book in seconds.
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