BRICS 101

 

Daisy Luther at Discern Report provides a good overview of the BRICS alliance.  Here’s her opener:

BRICS Is Expanding:
Here’s Why That’s Very Concerning for the US

You may have heard the term “BRICS” when reading about world affairs and wondered what it was all about. As we watch the American dollar and economy lose power on the world stage, this alliance could quickly move to take its place, especially as other countries that used to be allied with us move over this bloc.

As a matter of opinion, I think that on the global stage, BRICS is a union we should watch, as there are several large economic powers involved that aren’t exactly friends of the United States of America. Should this group continue to grow, it’s possible that it could dramatically affect us with regard to world trade. And that’s at the very least.

What is BRICS?

BRICS is an economic alliance that has been around since about 2001. Jim O’Neill from Goldman Sachs coined the acronym BRIC to represent the original countries: Brazil, Russia, India, and China. By 2010, South Africa had been added, bringing us to the current acronym.

. . .

For many years, the United States has been a primary global economic power, but as our star shines a little less brightly due to our economic difficulties, poor governmental management, and less than stellar relationships with several other countries, BRICS seems poised to step into the position our nation once held.

. . .

But…the union seems intent on expanding, and other nations are in the midst of an application process. Multiple countries have asked to become a part of the bloc.

The nations that have formally applied for acceptance into the cooperative are:

• Algeria
• Argentina
• Bahrain
• Egypt
• Indonesia
• Iran
• Saudi Arabia
• United Arab Emirates

. . .

Read the rest here.

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Digital Currency = Political Tyranny

 

Robert F. Kennedy Jr, has announced his bid for the Democrat Party’s nomination for President in 2024.  He’s been an outspoken (and published) critic of the COVID "vaccine” mandates and Dr Anthony Fauci, and now he’s taking on the imminent introduction of global bank digital currency (CBDC).  A digital currency challenges the dollar as the world's reserve currency.  Ben Bartee at PJ Media reports:

RFK Jr. Warns of Serious CBDC Threat to Liberty

. . .

Taking to Twitter, RFK Jr. succinctly laid out the reasons for his principled opposition to central bank digital currencies:

The Fed just announced it will introduce its “FedNow” Central Bank Digital Currency (CBDC) in July. CBDCs grease the slippery slope to financial slavery and political tyranny.

While cash transactions are anonymous, a #CBDC will allow the government to surveil all our private financial affairs. The central bank will have the power to enforce dollar limits on our transactions restricting where you can send money, where you can spend it, and when money expires.

He goes on to warn of the obvious social control implications that this newfound government power to turn off the financial spigot on a whim will confer to the bureaucracy — of the hellish CCP social credit score variety.

“Watch as governments, which never let a good crisis go to waste, use Covid-19 and the banking crisis to usher in a new wave of CBDCs as a safe haven from germ-laden paper currencies or as protection against bank runs,” the son of the legendary Robert F. Kennedy Jr. concluded. . . .

July is right around the corner.

RELATED:  BRICS Nations challenge US Dollar’s dominance (America First Report)

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The Collapse of the Dollar?

 

Steve Kelley cartoon at Townhall

Mac Slavo is not optimistic.  Here’s the opening of his column at DiscernReport:

Know What to Expect:
The Death of the Dollar Is Coming

The death of the dollar is coming and it’s going to hit the American public like a ton of bricks. Once it is no longer the world’s reserve currency, all bets are off concerning the fiat currency, and we should brace ourselves for what comes next.

Obviously, the central banks will need this epic crash to usher in the CBDC (central bank digital currency) which will be a technological slave system of control. But before that, we could see things that could only come out of the movies.

The dollar has not been backed by gold in a long time and its value is eroding. Debt, currency devaluation, massive speculation, massive currency creation, and intentional government incompetence are pretty much guaranteeing a very bad ending. A number of events have happened throughout the years which has jeopardized the Dollar’s standing. The Brazil, Russia, India, China, and South Africa (BRICS) collaboration has gained steam in creating pathways for business and they have begun to totally bypass the U.S. Dollar.

And here’s his advice to everyone:

Here are the things we need to be prepared for according to All News Pipeline, once the ruling class finally puts the final nail in the dollar’s coffin:

1. Bank Runs – people are going to want as much as they can out of their banks even though it’s going to be worthless unless you need some toilet paper. Some will attempt to rush and buy precious metals with their money while they still can.
2. Capital Controls – the masters will ban the slaves from converting their dollars into foreign currencies to try to keep the dollar afloat for a few more days.
3. Inflation – it’ll spiral out of control because the dollar will be worth almost nothing
4. Massive Unemployment – businesses will find it impossible to get parts or supplies from other countries, so there won’t be jobs to do.
5. Empty Grocery Store Shelves – food will be a hot commodity. The shelves will empty as people stock up at the last minute with whatever money they have.
6. Public Riots – all of the above will lead to massive violent public riots. People will be depressed and angry, but most will be still too dumbed down to take it out on the ruling class and bankers who control them like marionette puppets. They will instead, destroy businesses and loot whatever they can.

Make whatever preparations you may need or do an audit of your preps. This is inevitable, even though no one knows the exact day that it’ll happen. . . .

Read the entire column here.  Think this is alarmist and far-fetched?  I would prefer to think that Mr Slavo is wrong.  But what if the price of eggs is just the canary in the coal mine?

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