Indonesia now officially part of BRICS, while US dollar reserves reducing in the world
In response to #Brazil, the chair of BRICS in 2025, announcing on Monday night that #Indonesia had officially become a member of BRICS, and that many media outlets said that #BRICS countries have entered a new era of “greater BRICS cooperation,” Chinese FM spokesperson Guo Jiakun… pic.twitter.com/jbXMfgi9Vh
— Global Times (@globaltimesnews) January 7, 2025
The BRICS alliance continues to grow. 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. Indonesia, the fourth most populous nation, has now officially joined:
Indonesia is admitted to the BRICS bloc of developing nations
January 7, 2025
SAO PAULO (AP) — Indonesia has been admitted as a full member of the BRICS bloc of developing economies, the group’s presiding country, Brazil, announced Monday.
Indonesia’s candidacy was endorsed by BRICS leaders in August 2023, according to the foreign ministry of Brazil, which holds the group’s presidency for 2025. However, the world’s fourth most populous nation opted to formally join the bloc only after the formation of its newly elected government last year.
“The Brazilian government welcomes Indonesia’s entry into the BRICS,” the government said in a statement. “With the largest population and economy in Southeast Asia, Indonesia shares with other members a commitment to reforming global governance institutions and contributes positively to deepening South-South cooperation.”
Indonesia’s Ministry of Foreign Affairs in a statement Tuesday said that it reflects Indonesia’s increasingly active role in global issues, and its commitment to strengthening multilateral cooperation.
“Indonesia views its membership in BRICS as a strategic step to increase collaboration and cooperation with other developing countries, based on the principles of equality, mutual respect, and sustainable development,” said the statement. …
Last year, the alliance expanded to embrace Iran, Egypt, Ethiopia and the United Arab Emirates. …
Turkey, Azerbaijan and Malaysia have formally applied to become members and a few others have expressed interest. https://apnews.com/article/brazil-brics-indonesia-membership-c05b0c8e2ae493f9046479e62a45d8fa
7 January 2025
BRICS is increasingly viewed as a counterweight to the West, with the “de-dollarisation” of international trade a key goal. Many members accuse Washington of using the greenback as a political tool, and the group has proposed a common currency.
US President-elect Donald Trump has threatened 100 percent tariffs on BRICS nations if they replace the dollar in international trade.
However, Brazil has indicated that it aims to boost the effort during its presidency of BRICS. President Luiz Inacio Lula da Silva’s government has said its objective is the “development of means of payment” to facilitate trade between member countries.
Indonesia said in its statement: “This achievement shows Indonesia’s increasingly active role in global issues and commitment to strengthening multilateral cooperation to create a global structure that is more inclusive and fair.” https://www.aljazeera.com/news/2025/1/7/indonesia-joins-brics-group-of-emerging-economies
Nearly half of the population of the world is now part of BRICS.
And note that despite Donald Trump’s threats, BRICS wants to continue to turn away from the US dollar.
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 2025. 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?).
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.
As far as the US dollar goes, Wolf Ritcher posted the following:
Status of US Dollar as Global Reserve Currency: USD Share Hits 30-Year Low as Central Banks Pile on Other Currencies & Gold
The US dollar lost further ground as global reserve currency among many reserve currencies held by central banks. Its share has been zigzagging lower for many years as central banks have been diversifying their holdings to assets denominated in currencies other than the dollar. And they’ve also been diversifying into gold. But the dollar remains by far the dominant global reserve currency.
The share of USD-denominated foreign exchange reserves fell to 57.4% of total exchange reserves the lowest since 1994, according to the IMF’s COFER data for Q3 2024. USD-denominated foreign exchange reserves include US Treasury securities, US agency securities, US MBS, US corporate bonds, US stocks, and other USD-denominated assets held by central banks other than the Fed.
In Q1 2015, the USD’s share was still 66%. Over these 10 years, the dollar’s share of global reserve currencies has dropped by 8.6 percentage points. If this pace of decline continues, the dollar’s share will fall below 50% in less than 10 years, by the end of 2034. …
The euro’s share, #2, ticked up to 20.0%, the highest since 2022. …
Central banks had spent decades unloading their gold holdings. But about 10 years ago, they started rebuilding their stash.
According to the IMF, central banks’ gold holdings have surged over this decade to 1.16 billion troy ounces – roughly $3.08 trillion, https://wolfstreet.com/2025/01/05/status-of-us-dollar-as-global-reserve-currency-usd-share-drops-to-30-year-low-central-banks-pile-on-other-currencies-gold/
Based upon several biblical prophecies, I have long written that the Asians and Europeans will cooperate, for a time, and eliminate the Anglo-American order which has dominated the world the past couple of centuries.
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.
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.
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.
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