‘Is BRICS Dodging US Dollar?’ EAEU wooing India?
BRICS
BRICS National Leaders
Belt & Road Corridors ()
Shanghai Cooperation Organization ()
Eurasian Economic Union (Canuckyguy)
The first of this year, Russia began to hold the temporary chairmanship of BRICS:
On January 1, Moscow is taking over the one-year chairmanship of the BRICS group (Brazil, Russia, India, China and South Africa). Russia plans to carry out about 150 activities at various levels during its chairmanship, which will culminate in July, when St. Petersburg will host the next BRICS summit. The five countries’ leaders will hold another meeting on the sidelines of the G20 summit in the Saudi capital of Riyadh in November.
According to procedure, each BRICS member takes over the group’s chairmanship for a year. …
BRICS has become a factor of stability in both global politics and the global economy as it seeks to protect open market principles amid some countries’ attempts to increase protectionism. The five member states account for about 30% of the Earth’s land mass and 42% of the world’s population. In recent years, their total GDP has been amounting to about 23% of the global one, though they make up about 18% of global trade. 01/01/20 https://tass.com/politics/1105265
Notice a report about BRICS and the US dollar:
Is BRICS Dodging US Dollar?
During the last association summit, BRICS countries supported the idea of introducing a single payment system, an alternative to SWIFT, for the subsequent implementation of payments in national currencies.
In an exclusive interview with Sputnik, Director of the Department of Multilateral Economic Cooperation and Special Projects of the Russian Ministry of Economic Development Natalia Stapran said that China was looking with keen interest at settlements in national currencies with its BRICS partners.
The weight of the BRICS countries in world trade has increased significantly. In 15 years, the volume of corporate transactions in the countries of the association has increased 15 times, from $26.5 billion to $388 billion. BRICS account for more than 17% of the international trade volume and more than 20% of global foreign direct investment.
At the same time, the share of settlements between countries in dollars has been decreasing. According to RDIF CEO Kirill Dmitriev, in Russia, for instance, the dollar’s share in foreign trade settlements has decreased from 92% to 50% in five years, while the rouble’s has grown from 3% to 14%.
Under such circumstances, BRICS countries are thinking about introducing their own payment system, an alternative to SWIFT, which would serve settlements in national currencies. The existing procedure of foreign trade settlements via SWIFT is of concern to many: since SWIFT is controlled by the US, the system can be used as an instrument of political pressure. For example, the United States has already disconnected Iran from SWIFT, which has caused a drop in GDP and exports, higher inflation, and devaluation of the national currency.
Washington periodically threatens to disconnect Russia from SWIFT as well. China was in no hurry for some time with de-dollarisation and transitioning to alternative payment systems. However, the trade conflict with the US has shown that it is very risky to rely on the US financial infrastructure …
According to the Russian Finance Ministry official, the more convenient the SWIFT-alternative settlements systems are, the greater the demand for them among market participants will be. The growth of trade volume is not enough for this; you also need a user-friendly interface. On the bilateral level, the work is progressing. https://sputniknews.com/analysis/202001181078063530-brics-dodging-us-dollar/
To answer the headline question, YES, BRICS have been working to dodge the US dollar and have had some success doing so.
The US economy will be badly hurt when its dollar is no longer seen as the instrument for international trade payments.
It should be noted that the BRICS nations are also part of other organizations and projects that extend their reach well beyond the five member nations.
If you look at the maps at the beginning of this post, you will see that pretty much all of Asia, Australia/New Zealand, and Europe, as well as parts of South America and Africa are involved with BRICS-related international projects/organizations.
Consider that in addition to BRICS, there is the Russian-dominated Eurasian Economic Union (EAEU), the Chinese-dominated Shanghai Cooperation Organization (SCO), and the Chinese Belt & Road Initiative (BRI, also known as the ‘Silk Road’ project).
As far as the EAEU goes, it has been working to enlarge its influence:’
MOSCOW — Russia is courting India to sign a free trade agreement with the Eurasian Economic Union, or EAEU, a move some experts argue could be a “perfect fit” for both countries. …
Nikolay Kudashev, the Russian ambassador to India, told reporters … “In 2020 we are hopeful of an early conclusion of the free trade agreement between the EAEU and India and the next round of the Russian-Indian Strategic Economic Dialogue with the focus on transport, agriculture, small and medium enterprises,” Kudashev said.
Founded in 2015, the EAEU is a free trade bloc consisting of Russia, Belarus, Armenia, Kazakhstan and Kyrgyzstan. The union has a market of 183 million people and a combined gross domestic product of over $1.9 trillion.
The EAEU has focused much of its efforts on building economic ties with Asia, signing free trade deals with Vietnam in 2015 and Singapore in 2019. It is currently negotiating with Indonesia, Thailand, Brunei, the Philippines and Cambodia. 01/15/20 https://asia.nikkei.com/Politics/International-relations/Russia-woos-India-to-sign-trade-pact-with-Eurasian-Economic-Union
Part of the objective of the BRICS, EAEU, SCO, and BRI arrangements is to establish a new world order (see BRICS vow to fight for a new world order and SCO, EAEU, and BRICS defining a ‘new world order’?)–an order no longer dominated by the USA and its Anglo-Saxon allies, like the UK. And as far as Australia and New Zealand go, they will be ‘swallowed up’ in a sense by one or more Gentile powers–this will happen during the Great Tribulation (Matthew 24:21; Daniel 8:24-25; watch also Australia and New Zealand: Origins and Prophecy), which is when the USA will be conquered (Daniel 11:39; see also USA in Prophecy: The Strongest Fortresses).
A former president of Brazil admitted last Summer that part of the purpose for forming BRICS was to eliminate US dollar:
BRICS was created as a tool of attack: Lula
August 28, 2019
In a wide-ranging, two-hour-plus, exclusive interview from a prison room in Curitiba in southern Brazil, former Brazilian president Luis Inacio Lula da Silva re-emerged for the first time, after more than 500 days in jail, and sent a clear message to the world. …
My first question to Lula was about BRICS and the current geopolitical chessboard, with the US facing a Russia-China strategic partnership. As president, from 2003 to 2010, Lula was instrumental in formatting and expanding the influence of BRICS … He emphasized: “BRICS was not created to be an instrument of defense, but to be an instrument of attack. So we could create our own currency to become independent from the US dollar in our trade relations; to create a development bank, which we did – but it is still too timid – to create something strong capable of helping the development of the poorest parts of the world.”
Lula made an explicit reference to the United States’ fears about a new currency: “This was the logic behind BRICS, to do something different and not copy anybody. The US was very much afraid when I discussed a new currency and Obama called me, telling me, ‘Are you trying to create a new currency, a new euro?’ I said, ‘No, I’m just trying to get rid of the US dollar. I’m just trying not to be dependent.’” https://www.asiatimes.com/2019/08/article/brics-was-created-as-a-tool-of-attack-lula/
Former President Lula’s words should come as no shock to regular readers of this COGwriter Church of God News page. And actually former President Lula seems to have been referring to the start of the BRIC group, which later became BRICS.
While they were still called BRIC, instead of BRICS (which happened after South Africa joined in 2010), I posted:
One of the goal’s of the BRIC nations is to eliminate the US dollar as the global currency, even though they realize it may cost them financially. People in the USA often have little idea how much other countries want to see the end of the USA’s economic (and other) dominance in the world. (Thiel B. Russian, Chinese, Indian, and Brazilian Leaders Meet for BRIC 2. COGwriter, April 15, 2010)
I warned back in 2011 that the BRICS nations wanted to reduce US dollar dominance and other US influence. Notice:
The BRICS are trying to unify against the US dollar and its influence … The BRICS nations are pushing for a financial order that is not dominated by the US dollar. And while they have legitimate economic reasons for this, they also seem to be pushing for this for political reasons. The BRICS want much more influence in the world’s monetary system. (Thiel B. BRICS Target US Dollar: Final Time of Gentiles Approaching. COGwriter, April 14, 2011)
I have reported about BRICS plans to push aside the dollar on a regular basis (see, for example, the March 2, 2019 post: ‘BRICS Pay’ and the Coming End of US Dollar Hegemony).
Now, you might be thinking that they, BRICS, have had the idea of pushing aside the US dollar for a long time and have not done it yet.
And that is true.
Yet they, and the Europeans, have been taking steps they hope will one day push aside the US dollar.
The dollar is still king. But it is a king over an economic kingdom looking to rebel.
Then, there is also the European Union. The EU is upset that the UK is leaving it, is upset with US President Trump, has threatened actions against the USA for intended sanctions against Russia (see Brussels to act ‘within days’ if US sanctions hurt EU trade with Russia – internal memo), and it would like to cooperate more with the Eurasian Economic Union, the BRICS (see EU’s Juncker essentially verified accuracy of 2008 COGwriter prediction on trade and ‘EU and China sign a Mandate of Trade Heaven’), others.
The European Union (EU) has felt forced by US President Donald Trump’s sanctions to implement a financial payment system called Instex to essentially bypass the US dollar for oil trade with Iran (see EU announces a modified Instex: The Swift end of US dollar dominance).
Multi-pronged attempts by Gentile powers to push against the Anglo-American financial dominance of the world is occurring.
BRICS, while not part of the EU, wants to hasten this occurrence.
Last year, the BRICS took steps to push out US dollar dominance (see BRICS: Gentiles plan to break Ango-American dominance and ‘BRICS Pay’ and the Coming End of US Dollar Hegemony), plus individual BRICS nations have taken other steps (e.g. Russia & China stockpiling gold because ‘they can read the writing on the wall’ and ‘Russian alternative to SWIFT ready to connect over 40 percent of the worlds population to a non-dollar financial system’). One of the reasons that BRICS was formed was to eliminate US dollar dominance according to a leader involved with it earlier (see BRICS was created as a tool to attack US dollar dominance as former Brazilian president states).
We are currently in the time of Anglo-American dominance–peoples that were prophesied to take on Jacob’s name in Genesis 48. We have been in that time since around the start of the 19th century.
Yet, now we are getting closer to the final Time of the Gentiles.
Notice the following prophecies from the Old and New Testaments:
23 ‘Make a chain,
For the land is filled with crimes of blood,
And the city is full of violence.
24 Therefore I will bring the worst of the Gentiles,
And they will possess their houses;
I will cause the pomp of the strong to cease,
And their holy places shall be defiled.
25 Destruction comes;
They will seek peace, but there shall be none. (Ezekiel 7:23-25)23 But woe to those who are pregnant and to those who are nursing babies in those days! For there will be great distress in the land and wrath upon this people. 24 And they will fall by the edge of the sword, and be led away captive into all nations. And Jerusalem will be trampled by Gentiles until the times of the Gentiles are fulfilled. (Luke 21:23-24)
2 But leave out the court which is outside the temple, and do not measure it, for it has been given to the Gentiles. And they will tread the holy city underfoot for forty-two months. (Revelation 11:2)
This will happen during a period that “it is the time of Jacob’s trouble” (Jeremiah 30:7) and that the “Gentiles” are dominating. This means those that are descended from Israel or have the name of Jacob (cf. Genesis 48:14-16) will be mainly the ones who are trampled on. One of the peoples that God says He will use to punish the descendants of Israel, Assyria (Isaiah 10:5-11), are a Gentile people–they will normally lead during the time of the Gentiles. This will be a terrible time.
For the final time of the Gentiles to arise, the Gentiles will need to cooperate together against the USA and its Anglo-Saxon descended allies. The BRICS, EAEU, SCO, EU, and Silk Road arrangements are all intended to do that and are all taking steps which align with properly understood biblical prophecies. A block of nations from North Africa and the Middle East will also be involved (cf. Daniel 11:27, 40-43)–this is something that US President Donald Trump and others have encouraged (see How Will Middle East Peace be Brought About?).
Yet, most in the USA, Canada, UK, Australia, and New Zealand do not understand what is now happening on the world scene and how they will be affected.
The world will be transformed into a Gentile image. An image that those in the Anglo-American nations will dread!
Some items of possibly related interest may include:
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 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 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).
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 China paving roads to Armageddon? China is working on something known as the ‘Silk Road’ project or the “One Belt, One Road” initiative. NBC reports that China intends to spend one trillion dollars to build roads, bridges, railroads, and maritime facilities to reach from China to Europe and China to the Middle East. Over 60 nations, including Russia, are involved with this. Could this Silk Road project possibly produce thoroughfares that could be used by troops that will amass at Armageddon? Dr. Thiel discusses this project and some of its potential prophetic ramifications in this video.
Armageddon Who is involved and when will this gathering happen? Here is also a video from Dr. Thiel, from Tel Megiddo in Israel: Armageddon.
India, Its Biblical Past and Future: Any Witness? The Bible discusses the origins of those of Indian heritage. This article quotes the Bible and also discusses some of the witness to India throughout history and what is happening in the 21st century (including those in Bangladesh, Pakistan, and Sri Lanka).
India and the Beast of Revelation 13 Do biblical, Catholic, and even Hindu prophecies suggest that many in India will follow, for a while, the Beast and False Prophet/Antichrist? Here is link to a related YouTube video Will People in India Worship the Beast of Revelation 13?
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? Two YouTube video are Is China THE Threat to the United States of America? and China: A King of the East.
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 a link to a video titled: Can You Prove that the Beast to Come is European?
Mexico, Central America, South America, Brazil, and the Caribbean in Prophecy [Español: México, América central, Suramérica, Brasil y el Caribe en la profecía] [Português: México, América Central, Ámérica do Sul, e Brasil na profecia] What will happen to those of Latin America? Will they have prosperity? Will they cooperate with Europe? Will they suffer in the future? What role might the various Caribbean nations/territories play? Two videos of related interest are available: Will Mexico Regain USA Territories? and Donald Trump and Mexico’s future.
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation.
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? Here is a link to a video titled: The Future King of the North.
Can You Prove that the Beast to Come is European? The Book of Revelation tells of a beast power that will rise up. Some think that this must be Russia or could be Islamic, while others say that this power is European. The Book of Daniel tells of the rise of an end time King of the North that some think must be referring to a Russian leader, while others say that this power is European. How can you be sure? This YouTube video has all the scriptural proofs that you should need to prove that this power must be a European one.
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. A related sermon is titled: 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.
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 is a link to a video titled: The Future King of the North.
The Great Monarch: Biblical and Catholic Prophecies Is the ‘Great Monarch’ of Catholic prophecies endorsed or condemned by the Bible? Two sermons of related interest are also available: Great Monarch: Messiah or False Christ? and Great Monarch in 50+ Beast Prophecies.
The Gospel of the Kingdom of God This free online pdf booklet has answers many questions people have about the Gospel of the Kingdom of God and explains why it is the solution to the issues the world is facing. Here are links to three related sermons: The World’s False Gospel, The Gospel of the Kingdom: From the New and Old Testaments, and The Kingdom of God is the Solution.
Does 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? 2027 or 20xx? There is also a video titled 6000 Years: When will God’s Kingdom Come? Here is a link to the article in Spanish: ¿Tiene Dios un plan de 6,000 años?
When Will the Great Tribulation Begin? 2020, 2021, or 2022? 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? You can also see the English language sermon videos: The Great Tribulation from the Mount of Olives and Can the Great Tribulation begin before 2020? A shorter and newer video is: Could the Great Tribulation Begin in 2020?
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.
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?
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter? and British are the Covenant People. A short YouTube of prophetic interest may be: Are Chinese threats against Australia for real?
Will the Anglo-Saxon-Celtic Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?
British are the Covenant People What do ‘British’ and ‘Britain’ mean in Hebrew? Are the descendants of the Anglo-Saxons people of the covenant? Does the British royal family connect to the throne of David? What does the Bible teach? What does history show us? Is there any DNA evidence related to British-Israelism? When did Christianity make it to the British Isles? Could Jeremiah have made it to the British Isles? What type of Christians made it to the British Isles? Did the last King of England believe in British Israelism?
Canada in Prophecy: What Does Bible Prophecy, Catholic Prophecy, and other Predictions Suggest About the Future of Canada? There are prophecies that suggest involvement with Canada. And many are not positive about its future. A sermon of related interest is also available: Canada in Prophecy.
Australia and New Zealand in Prophecy Do biblical prophecies help explain the wealth blessings for Australia and New Zealand? Might cursings from disobedience come in the 21st century? Here is a link to a related sermon: Australia and New Zealand: Origins and Prophecy.
Donald Trump and America’s Apocalypse Prophecy, Donald Trump? Are there prophecies that Donald Trump may fulfill? Are there any prophecies that he has already helped fulfill? Is a Donald Trump presidency proving to be apocalyptic? Two related videos are available: Donald: ‘Trump of God’ or Apocalyptic? and Donald Trump’s Prophetic Presidency.
Trump Presidency Magic 8 Ball or Bible Prophecy? BBC reported that one might as well use a ‘Magic Eight-Ball’ to try to predict what will happen in the remaining time of Donald Trump’s presidency. What is a ‘Magic Eight-Ball’? Dr. Thiel not only explains that, but also briefly goes over 10 biblically-based warnings he wrote would happen if Donald Trump were elected that have already began to come to pass. He also goes over something he wrote back in 2008 that the Trump presidency is also helping lead to fulfillment. Should you trust Bible prophecy or not? Dr. Thiel says that Bible prophecy can be trusted, despite the view of skeptics and others that either overlook or despise the Bible. This is a video.
Donald Trump and America’s Apocalypse This 188 page book is for people truly interested in prophecies related to Donald Trump and the United States, including learning about several that have already been fulfilled and those that will be fulfilled in the future. The physical book can be purchased at Amazon for $12.99 from the following link: Donald Trump and America’s Apocalypse.
Donald Trump and America’s Apocalypse-Kindle Edition This electronic version of the 188 page print edition is available for only US$3.99. 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 for your free Kindle reader and then go to Donald Trump and America’s Apocalypse-Kindle Edition.
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