The BRICS Plans To Abandon The Dollar Remain Unchanged Is Inherent.
The BRICS nations are persisting in their efforts to undermine the stability of the United States dollar. As the BRICS alliance experiences growth, and the influence of the United States’ empire diminishes, the significance of the dollar also declines. Plans for BRICS to abandon the dollar remain unchanged.
For those who do not know what BRICS stands for. This acronym combines the countries Brazil, Russia, India, China, and South Africa to commence their own currency.
If the BRICS alliance achieves its objectives, it may lead to an economic downturn in Western countries. According to Venezuelan Foreign Minister Yvan Gil Pinto, the anticipated expansion of BRICS has the potential to bring together significant energy producers and consumers, presenting an avenue for diminishing reliance on the US dollar in international trade.
According to a report by RT, a senior diplomat emphasized the incorporation of Saudi Arabia and Iran within the cohort of developing economic powers during a recent interview with RIA Novosti.
Furthermore, Venezuela has expressed its aspirations to become a member of the BRICS alliance in the foreseeable future. The proposed increase, as highlighted by Minister Pinto in a published interview on Monday, would cover a significant portion, specifically more than 80%, of the global petroleum reserves and production.
Including China and India, the BRICS nations will emerge as the largest consumers of energy. According to the speaker, the alliance will transform into an optimal partnership, characterized by optimum complementarity. It is no compliment mind you of ample nations creating a currency to further devalue the US dollar.
Plans for the BRICS to abandon the dollar remain unchanged continue… 😮
What Is Happening With The Dollar?
The United States is currently engaged in efforts to extend its geopolitical influence by pursuing the establishment of a military installation in a disputed region to secure access to energy resources.
The BRICS group witnessed an influx of six new members. The aforementioned countries that have recently joined include Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the United Arab Emirates.
They are collaborating in an endeavor to diminish the longstanding supremacy of the dollar and discontinue its utilization as the favored method of payment for the primary commodity that continues to hold sway over worldwide trade: oil.
The current alliance opposing Western powers comprises six prominent oil-producing nations, namely Saudi Arabia, Russia, China, Brazil, Iran, and the United Arab Emirates.
The potential repercussions of de-dollarizing the economy may pose significant risks to the United States. Thus far, we have not witnessed any significant occurrences or events.
For most, this is a difficult topic to cover; however, I am not trying to spread doom and gloom. What we are witnessing is a change of some sort, and only time will tell if it will be positive or negative.
The transient nature of the perception of independence will eventually dissipate, leading to a collective realization of societal bondage. It is advisable to awaken to this realization at present, as we are currently presented with an opportunity. Too many opportunities as a matter of fact.