DUMPING THE DOLLAR: BRIC Countries Are Developing a New Currency, State Duma Deputy Chair

BRIC is a grouping acronym referring to the developing countries of Brazil, Russia, India, and China, which are identified as rising economic powers.

Very little coverage from the corrupt American media over this development. President Trump needs to to make the Biden Administration’s appeasement of China the number one issue of the 2024 election. If China takes down the United States it’s a different world. A world that the vast majority of Americans will not like living in.

The move away from the dollar (and petrodollar for oil sales) is gaining momentum in the wake of the catastrophic policies of the Biden regime. No media coverage. The biggest stories of the day are censored from the American public, leading sheep to slaughter. The dollar as the main world currency is a pillar of our strength and power. More countries are mulling a similar move.

De-Dollarization Just Got Real

John Rubino

Since the 1970s it’s been virtually impossible for a country to function without access to US dollars. And Washington maintained this highly-favorable status quo by putting various kinds of pressure — from sanctions to election theft to outright invasion — on anyone who stepped out of line.

This weaponization of the world’s reserve currency has, not surprisingly, created resentment in a lot of foreign capitals. And after a long gestation period, that resentment is now erupting into a rebellion against dollar hegemony. Among the big recent events:

The BRICS coalition has become the hottest ticket in geopolitics. Brazil, Russia, India, China, and South Africa (the BRICS) have been toying with the idea of forming a political/monetary counterweight to U.S. dominance since 2001. But beyond some aggressive gold buying by Russia and China, there was more talk than action.

Then the floodgates opened.Whether due to the pandemic’s supply chain disruptions, heavy-handed sanctions imposed by US-led NATO during the Russia-Ukraine war, or just the fact that de-dollarization was an idea whose time had finally come, the BRICS alliance has suddenly become the hottest ticket in town. In just the past year, Argentina, Indonesia, Saudi Arabia, Iran, Mexico, Turkey, the United Arab Emirates (UAE), and Egypt have either applied to join or expressed an interest in doing so. And new bilateral trade deals that bypass the dollar are being discussed all over the place.

Combine the land mass, population, and natural resources of the BRICS countries with those of the potential new members and the result is more or less half the world. And now things are getting real:

China brokers a peace deal between Saudia Arabie and Iran, two bitter historical enemies who want to join the BRICS alliance but can’t if they’re in an undeclared war. Should they stop competing and start cooperating they could dominate the Middle East and raise China’s clout in the region, at the petrodollar’s expense.

Read more.

AUTHOR

Geller Report Staff

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Weekly Recap

1) 🇸🇦 Saudi Arabia enters trade alliance with China, Russia, India, Pakistan, and four Central Asian nations to step further away from reliance on the US dollar.

2) 🇨🇳 China and France complete first LNG gas trade using Chinese Yuan, ending reliance on the US…

— The Prepared Homestead (@ThePreparedHom1) April 1, 2023

BREAKING: India ditches U.S. dollar, will trade in Rupees with multiple countries going forward.

The worlds largest countries are teaming up against the U.S. dollar & the White House is busy with ‘Trans Visibility’ week.

— Collin Rugg (@CollinRugg) April 1, 2023