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Ditching the Dollar?!

BRICS Nations Agree to Trade in Local Currency

Financial Freedom Hawk

Every time we bring up BRICS in conversation, it is amazing how many people have never heard of the NATO alternative coalition for global trade. Then again, it is no surprise at all that our American media networks fail to adequately cover what is likely the single biggest threat to our American economy.


The BRICS nations collectively represent the post-millennium emerging economies of Brazil, Russia, India, China and South Africa which have experienced tremendous economic growth in the recent decades. The war in Ukraine pushed these nations closer together, particularly since Russian banks were removed from the SWIFT system, effectively cutting them off from the western banking system, and the US dollar.


More recently, these nations have fostered relations with many smaller nations, by promising mutually beneficial trade deals, most notably Saudi Arabia. Russia, China and Saudi Arabia recently agreed to trade oil in their national currencies respectively, with Saudi Arabia purchasing Russian oil at significant discounts and selling it to BRICS allies around the world, and most importantly bypassing western nations, OPEC and NATO trade sanctions.


For the first time, the 5 primary BRICS nations have surpassed the G7 nations in GDP, representing an estimated 31.5% of global GDP to the 30.7% represented by the G7 nations. This growing economic coalition has attracted the attention of many other prospective members such as Mexico, France and about 22 other nations spanning South America, Africa and the ASEAN nations.


In recent news, BRICS and the New Development Bank have announced they will promote trade in local currency between nations, citing the lack of availability of US dollars globally. This comes with the timing of many western nations launching Central Bank Digital Currencies (CBDC) and the International Monetary Fund (IMF) launching their own digital currency, Unicoin.


While CBDC presents unique challenges to privacy and property rights, the movement of global trade away from the US dollar will be catastrophic and greatly accelerate the debasement of the dollar, in addition to record inflation.


For more information about BRICS and their plan for global economic supremacy visit infobrics.org

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Sharon D
Sharon D
Apr 29, 2023
Rated 5 out of 5 stars.

very informative; well worth the read. Look forward to more of this.

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