BRICS Plans to Introduce Gold-Backed Currency to Challenge Globalist Financial System
The BRICS financial system, made up of Brazil, Russia, India, China and South Africa, has announced they are working on a gold-backed currency to counter the globalist elite’s flimsy fiat monetary standard.
BRICS is looking to bring in additional partners from developing sectors of the world and believes the gold-backed currency will help entice these countries by giving them stable currency units to grow and thrive. This will be part of the discussions coming up at their August meeting in Johannesburg.
“We call on our BRICS partners to approach this topic in an open and open manner. And I can say that, in our view, the Arab world and the Asia-Pacific region are clearly ‘asking’ to join BRICS, because their representatives are not there today. But we will look at what can be offered to leaders and what can be brought to the leaders’ attention at the Johannesburg summit,” said Russian Deputy Foreign Minister Sergei Ryabkov regarding BRICS expansion.
South African Foreign Minister Naledi Pandor added that the BRICS alliance is being careful to “make sure that we do not become victims of sanctions that have secondary effects on countries that, in turn, have nothing to do with the issues that led to the imposition of the unilateral sanctions.”
Russia Today, a Kremlin propaganda network, bragged about the news on their airwaves:
BRICS is set to introduce a new currency backed by gold, in contrast to the credit-backed US dollar, with the decision coming a month ahead of the bloc's summit in Johannesburg. With the growing initiative, more and more countries are lining-up to join the group. pic.twitter.com/U5ExGv4IE3
— RT (@RT_com) July 5, 2023
Big League Politics has reported on BRICS becoming a legitimate alternative to a globalist financial system led by deranged Hubris-laden maniacs who have gone mad with power:
“According to a recent report by The Cradle, Algeria, Bahrain, Egypt, Iran, Saudi Arabia, and the United Arab Emirates have formally requested to join the BRICS block of nations as its annual summit in South Africa approaches.
Altogether, 19 nations have manifested interest in joining the economic block made up of Brazil, Russia, India, China, and South Africa, per Anil Sooklal, South Africa’s ambassador to BRICS.
“What will be discussed is the expansion of BRICS and the modalities of how this will happen… Thirteen countries have formally asked to join, and another six have asked informally. We are getting applications to join every day,” the South African official recently said to Bloomberg earlier this week.
In the first week of June, BRICS will celebrate its yearly summit in Cape Town. The foreign ministers from all BRICS member states have confirmed their participation in this event.
Over the last year, a growing number of countries have gradually moved away from the dollar as they sense that the US has grown more unstable on the domestic and international fronts.
The economic situation is very volatile currently. The Russo-Ukrainian war has caused a massive energy shock on a global scale, which was exacerbated by the Collective West’s sanctions campaign against Russia and its energy sector.”
The American empire is deservedly crumbling, and smarter powers are taking control on the world stage.