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BRICS
05/31/2024
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By Cassie B.
Thailand announces intention to join BRICS, accelerating dollar’s demise
Thailand has announced its intention to become a member of the BRICS economic bloc in a move that could accelerate the demise of the U.S. dollar. This is according to Thai government spokesman Chai Wacharonke, who said in a statement that the country’s cabinet in Bangkok has now given the go-ahead to an official letter […]
05/22/2024
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By Ethan Huff
Russia and China now conducting 90% of financial settlement transactions in national currencies – once the new BRICS currency arrives, it’s GAME OVER for the U.S. dollar
The Federal Reserve Note (FRN), a piece of paper printed by private central bankers that is backed by absolutely nothing, is on the decline after Russia and China have near-successfully completed their transition to doing virtually all trade in rubles and yuan, the two countries’ respective national currencies. Reports indicate that upwards of 90 percent […]
05/08/2024
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By Cassie B.
BRICS nations are now openly preparing for a global collapse of the dollar
The BRICS group of countries are openly preparing for a potential global collapse of the dollar and talking about putting an alternative currency in place that could serve as a substitute. This is according to proclamations by Russia’s executive director for the International Monetary Fund, Alexey Mozhin. He said that the downfalls of the current […]
05/02/2024
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By Kevin Hughes
Trump economic team mulls sanctions on nations that REFUSE to trade using U.S. dollar
Economic advisers to former U.S. President Donald Trump are considering sanctions on countries that move away from the U.S. dollar. According to an April 26 report by Bloomberg News, Trump and his team are searching for alternatives to stop nations both friendly and antagonistic to Washington from ditching the greenback in favor of other currencies. […]
04/15/2024
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By Belle Carter
DOLLAR DEMISE: Shift from dollar-based financial world to CBDC-focused system is IMMINENT
The Bretton Woods Agreement of 1944, which involved representatives from 44 nations, established a system through which a fixed currency exchange rate could be created using gold as the universal standard. It made the dollar a superpower. Its two major accomplishments were the creation of the International Monetary Fund (IMF) and the International Bank for […]
03/13/2024
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By Cassie B.
BRICS nations to create independent blockchain-based payment system as part of sweeping dedollarization infrastructure
The BRICS nations are working on an independent payment system that will be based on blockchain technology and digital currencies, according to the Kremlin, marking a decisive shift away from the U.S. dollar. BRICS is a geopolitical bloc that is made up of Brazil, Russia, India, China, South Africa, Iran, Ethiopia, the United Arab Emirates […]
03/06/2024
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By News Editors
BRICS to create blockchain-based payment system – Putin aide
The measure would be in line with the group’s plans to cut reliance on Western currencies and financial mechanisms. The BRICS group of emerging economies plans to create a payment system based on digital technologies, Yury Ushakov, a senior foreign policy aide to Russian President Vladimir Putin, has told TASS in an interview published on […]
02/20/2024
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By News Editors
FedEx founder issues dire warning about ‘unsustainable’ government debt
Fred Smith, the founder of executive chairman of shipping giant FedEx, is the latest business leader to sound the alarm that if America’s ballooning public debt is left unchecked, it will threaten to spiral into a catastrophic crisis. (Article by Tom Ozimek republished from TheEpochTimes.com) Mr. Smith was asked during an interview on Fox News […]
02/19/2024
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By Richard Brown
DEDOLLARIZATION IN MOTION: Egypt moves against U.S. dollar, seeks trade settlements with BRICS states
Egypt is actively pursuing negotiations to decrease reliance on the U.S. dollar for trade settlements with other BRICS states, according to the country’s Ministry of Foreign Affairs. The decision to embrace national currencies is driven by the need to counteract rising costs associated with using foreign currencies due to global inflation. Ragy El Etreby, Egypt’s […]
02/16/2024
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By Cassie B.
BRICS and EAEU trade blocs are accelerating the demise of the dollar
The shift away from the U.S. dollar as the dominant currency on the world stage continues in full force, with BRICS and EAEU headed toward full dedollarization. Russian Prime Minister Mikhail Mishustin revealed that the share of national currencies in the mutual settlements for the countries making up the Eurasian Economic Union (EAEU) is now […]
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