NEW WORLD CURRENCY ANNOUNCED? – New BRICS CBDC To Be Launched Next Year? ’10 U.S. Sectors To Be Affected If BRICS Stops Using the Dollar’
🇷🇺 Russia Makes Huge Announcement on BRICS Currency https://t.co/N6NbQAfGwl
— BRICS (@BRICSinfo) November 1, 2023
The tweet above linked to the following:
Russia’s former advisor to the President and economist-turned-politician, Sergey Glazyev, made a huge announcement on the formation of the upcoming BRICS currency.
Sergey’s statements indicate that BRICS is serious about launching a new currency to take on the US dollar. Going by Russia’s economist comments, the new BRICS currency might be launched during the 16th summit in 2024. 11/01/23 https://watcher.guru/news/russia-makes-huge-announcement-on-brics-currency-launch
Saw the following headline once again at SGT Report:
While that may or may not happen in 2024, here is a report out of Russia (who is one of the BRICS founding nations):
Economic decline behind West’s weaponization of currencies – Moscow
November 6, 2023
Western countries have been losing their economic advantage to the East, which is why they now use economic sanctions to halt the development of their rivals, Russian Finance Minister Anton Siluanov said on Sunday at the Znanie Federal Education Marathon, which is taking place at the Russia International Exhibition and Forum in Moscow.
According to Siluanov, the global process of redistribution of power is already underway.
“The old systems are becoming obsolete, new forces are coming, new economies are emerging – China, Russia, India. The East is actively developing, and the old economies that previously dominated, both economically and politically, are gradually deflating,” he stated, noting that such “changes always happen painfully.”
The minister argued that the West “clings to methods such as using their currencies as weapons to hold other economies back.” As a result, in order to “preserve the old order” with sanctions, Western countries primarily harm their own economies, he said, while “new economies are growing faster, new forces and muscles of countries are increasing and politically they are becoming more powerful.”
According to Siluanov, these emerging economies predictably want to influence the global economic processes without having to obey the Western countries, or the ‘golden billion’. He added that BRICS is a viable alternative to the existing Western economic system.
The bloc currently includes Brazil, Russia, India, China, and South Africa, but will be joined by Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE this coming January. The enlarged BRICS will represent 37% of global GDP, compared with the G7, which stands at 29.9%. …
Russia faces unprecedented economic sanctions from the West over its military operation in Ukraine. Due to these restrictions, Russia has effectively been deprived of the ability to conduct international transactions in dollars and euros, and has lost access to the Western banking system.
However, despite the downturn the country’s economy suffered due to the restrictions last year, it has now largely recovered thanks to the redirecting of trade to the East and steps to increase the share of national currencies in cross-border settlements. https://www.rt.com/business/586679-west-economies-weaponization-currencies/
Basically, 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. Some type of Central Bank Digital Currency (CBDC) could accelerate this. 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, 203
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.
In a recent op-ed for Foreign Policy, Sullivan pointed to mounting fears that BRICS nations could create a currency to rival the US dollar in international trade. Such a currency could potentially topple the dollar from its perch atop global trade markets and as the dominant reserve currency. … the bloc of emerging market countries— which recently extended invites to Argentina, Egypt,Ethiopia, Iran, Saudi Arabia, and United Arab Emirates—could pose a threat to the greebback based on its growing influence, Sullivan warned.
The addition of Egypt, Ethiopia, and Saudi Arabia could give BRICS influence over 12% of all global trade. That’s because those three countries surround the Suez Canal, a key passage for goods to flow into international markets. …
“The BRICS+ nations do not need to wait until a shared trade currency meets the technical conditions typical of global reserve currency before they swing their newly enlarged economic wrecking ball at the dollar,” he added.
Sullivan pointed to China’s yuan, which is edging out other global currencies in trade as Beijing’s trading partners ramp up their use of the renminbi.
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 member Argentina paid part of the $2.6 billion to the IMF in the Chinese Yuan and not the US dollar, reported Reuters. Argentina completed the October payment with IMF’s reserve assets, which is called the special-drawing rights (SDR). In addition, the day-to-day foreign exchange transactions in the Chinese Yuan also rose to 28% in Argentina.
The development indicates that BRICS countries are taking the de-dollarization initiatives seriously. 11/04/23 https://watcher.guru/news/brics-argentina-ditches-us-dollar-imf-payment-chinese-yuan
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. 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).
UPDATE 11/08/23: Decided to add 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 2:6-8:
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 BRICS nations 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?).
What about gold?
It is the one commodity that the BRICS nations (all of which are Gentile) and much of the world will accept as currency.
The Bible is clear that gold will be used during the time of the Gentiles:
43 He shall have power over the treasures of gold and silver, and over all the precious things of Egypt; (Daniel 11:43)
14… And the wealth of all the surrounding nations
Shall be gathered together: Gold, silver, and apparel in great abundance. (Zechariah 14:14)10 … Alas, alas, that great city Babylon, that mighty city! For in one hour your judgment has come.’ 11 “And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore: 12 merchandise of gold and silver, precious stones and pearls, fine linen and purple, silk and scarlet, every kind of citron wood, every kind of object of ivory, every kind of object of most precious wood, bronze, iron, and marble; 13 and cinnamon and incense, fragrant oil and frankincense, wine and oil, fine flour and wheat, cattle and sheep, horses and chariots, and bodies and souls of men. 14 The fruit that your soul longed for has gone from you, and all the things which are rich and splendid have gone from you, and you shall find them no more at all. 15 The merchants of these things, who became rich by her, will stand at a distance for fear of her torment, weeping and wailing, 16 and saying, ‘Alas, alas, that great city that was clothed in fine linen, purple, and scarlet, and adorned with gold and precious stones and pearls! (Revelation 18:10-16)
We are getting closer to that time.
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 look 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?
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.
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.
Some secular sources are noticing this.
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.
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’.
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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