END OF THE PRIVATE CENTRAL BANKERS AND THEIR IMPERIAL SYSTEM OF CONTROL WHICH HAS DOMINATED THE WEST FOR 300 YEARS
BRICS FOCUS ON AN ALTERNATIVE PAYMENTS SYSTEM
WESTERN PRIVATE BANKING MODEL OF BRETTON WOORDS WITH FIXED EXCHANGE RATES AND GOLD BACKING IS SUITED TO STRANGLING ECONOMIES, CREATING DEBT AND LOOTING ASSETS, NOT SUITED TO BRICS WHO WANT TRADE, GROWTH AND PROSPERITY
Russia and the Brics are to discuss plans for an alternative payments system which could spell the end of the dollar as the world s grlobal reserve currency.
The Brics Plus cover half of the world s population and about a third of the total economic output. Brics members include producers of vital commodities like oil and rare earth minerals as well as manufactuerers. The fact that Saudi Arabia and the UAE have joined spells the de facto end of the petro dollar.
In 1992, the G7 countries had 45.5% of the world s GDP and the BRICS 16.7%. In 2023, the proportions were almost reversed with the Brics with 37.4% and G7 countries had 29. 3% of the world s GDP.
Moreover, this trend is set to accelerate with the Brics expected to grow at a rate of 4% and the G7 countries at a rate of 1.7%.
More than 20 states, including Turkey, have asked to join it.
The creation of a new international payments system would sideline the USA, the World Bank and IMF as well as Wall Street, the City and the BIS.
When we look to see who controls the private Federal Reserve, a de facto private ECB and BoE, it is the private bankers. The private bankers de facto control the world s payments systems and use them to sanction, and destroy competitors, overthrow governments and control the globe. Russia and China have liberated themselves from the power of the private bankers by switching to using their own currencies to trade among themselves.
The creation of a new payments system would significantly weaken the Western private banks, who are de facto the brains and funders behind the WEF and Globalist new world order.
An internatonal payments system, an alternative to Swift like Brics Pay, would leave out the tricky question of a currency union, which may not be desirable.
To destroy the dollar s dominace and to prosper, Brics countries do not need a currency union, fixed exchange rates or gold etc. They just need an alternative payments system.
The Bretton Woods model of fixed exchange rates based around the gold standard may have suited the Western private bankers precisely because they wanted secretly to strangle economic growth, drive countries into debt and loot assets.
It is not a model for countries who want to trade and to prosper.
The Brics do not need any currency union or fixed exchange rates or the gold corsett. They can have exchange rates floating within fixed bands and have their economic output back their currencies through national central banks.
The emergence of a new political, military, economic and financial BRICS power comes at a time when the West is on the verge of collapse due to debt.
The USA especially needs a constant stream of people willing to buy its debt as its federal deficit hits record heights. Interest payments on the federal debt caused in essence by the decision to give the money supply to private bankers and by private Fed Reserve now account for more spending than the spending on the Pentagon.
Interest rate growth on debt follows the mathematical law of exponential growth, which is why the US and West is facing hyperinflation.
Every time money is printed as debt to pay an existing debt, more interest is created in a never ending downward spiral.
Parallel, US bank stocks, the ultimate winners of the push for global trade using USD, are being sold off. The sell off could spark bank failures in the US and West.
Any notion the WEF elite maz have of using the crisis to introduce martial law and conscription in the West is fantastical and unreal after the global awakening to the covid jab scam.
The WEF elite, including the EU politicians, pushed the toxic mRNA covid jabs on China, presenting them as a free gift designed for the health of the Chinese. The CCP rejected the jabs. That kind of covert biological weapons attempt to case the kind of mass sickness and deaths now so evident in the Western populations, including the US military, will not be forgotten.
Any notion they may have they can sstart WW3 with Iran and sit back in their bunkers should have been dispelled with the direct hit on Netanyahu s residency in Tel Aviv by a kamikaze drone. Lacking anti aircraft missiles, the West face total defeat in any WW3.Missiles can take out electric power grids, satellites and communications. The WEF elite and their various residenice are also sure to the number one, priority targets, especially should Netanyahu attack Iran s nuclear facilities.
The private bankers have leeched so much money out of the economy through interest, and spent so much on their covid jab and other scams, the Western military has fallen 20 years behind Russia, China and Iran in terms of hypersonic and other tecbnology. Their proxies in the Ukraine and in Israel are facing total defeat. The West is deweaponized. Soros, Rothschild, Gates, Charles are caught in the horns of a dilemna facing their enraged populations on the one day, and Russia, China and Iran on the other. There is no escape. Check mate.
Soros, Gates, Charles, William and co have only themselves to blame for giving vital intelligence as to who they are and their goals,the information they want hidden about private central banks, their methods of control from corrupting politicians to bribed lawyers and illegal lawfare to election theft as well as he basis for their arrest today in the official prosecutor probes in Greece since 2015, proving Russia and China with all the secrets they needed to know and have used. The BRICS justice system will not be as soft on these global gangsters as the US and Western justice system has been.
https://www.dropbox.com/scl/fi/xmvdermyzjhnje9z1hbkq/GRKProsecutorProbesConvictSoros-GatesOfMurderAttemptsOnReporter.pdf?rlkey=n4gz1whwa9vj8iktkg7ymxn6v&st=obi9i3b4&dl=0
Fom media
https://www.crypto-news-flash.com/de/brics-gruppe-zahlungssystem-brics-pay-soll-aus-der-dollar-abhaengigkeit-fuehren/
This year is the first year following the expansion of BRICS, and the first post-expansion summit will be held in Kazan, Russia, from October 22 to 24. Concurrently with the summit, the new payment system BRICS Pay has drawn attention, highlighting the strengthening of economic and trade ties among BRICS countries.
Russia, which chairs the BRICS group this year, has called on its partners to create an alternative to the International Monetary Fund to counter political pressure from Western nations ahead of the BRICS summit later this month, according to Reuters.
Russian Finance Minister Anton Siluanov, who is hosting the meeting, said the global financial system is controlled by Western countries and that the group, which represents 37 percent of the global economy, needs to create an alternative, Reuters reported.
New payment system
According to the BRICS Pay official website, it is being described as a potential "cornerstone for payments for sovereign and prosperous nations."
Chinese experts said that this initiative will provide BRICS countries with expanded payment options for settling goods and services, further solidifying their economic relationships.
Additionally, this approach may help reduce excessive reliance on the US dollar, balance the dollar's dominance, foster financial diversification, and bolster economic autonomy among BRICS members and beyond, experts noted.
The BRICS countries have been actively developing a new international payment system. According to Russian media outlet RT, citing a recent interview with Siluanov, that "the new cross-border payment infrastructure will be based on advanced technologies and will enable faster and cheaper foreign trade transactions that are without external interference."
BRICS Pay is a decentralized, independent payment messaging system under development by the BRICS member states, comparable to Europe's SWIFT.
On Thursday and Friday, during the BRICS Business Forum at the International Trade Center in Moscow, users can participate in testing the retail technologies of BRICS Pay, according to BRICS Pay's official website.
....
The trend of de-dollarization has been accelerating over recent years, driven by the US wielding its financial sanctions, leading some countries to be unable to settle in dollars and driving them to seek alternative payment systems, Chinese experts said, referring another major reason for having an alternative way of payment rather than the dollar.
For a long time, the US has abused its dollar hegemony, shifting domestic crises and harvesting global wealth by damaging the economic and financial stability and well-being of other countries, experts said.
The establishment of the BRICS payment system poses a significant challenge to the US dollar's dominance, Wang Peng, an associate research fellow at the Beijing Academy of Social Sciences, told the Global Times on Wednesday.
https://www.globaltimes.cn/page/202410/1321391.shtml
Darüber hinaus gab der Pressedienst des Kremls am Montag bekannt, dass Russland und Iran zu über 96% ihrer gegenseitigen Zahlungen in Landeswährungen übergegangen sind.
https://news.bitcoin.com/de/putin-kritisiert-us-sanktionen-enthuellt-dass-95-des-russischen-handels-jetzt-dollar-frei-sind/
https://orf.at/stories/3373423/
https://www.economist.com/international/2024/10/20/putins-plan-to-defeat-the-dollar
This marks the first time in our nation’s history that interest on the debt has exceeded defense spending. And the gap is on track to rapidly widen – with the government spending $200 billion more in interest than in protecting America from her enemies by 2029.
Why the massive run-up in interest costs? Blame Harris’ tie-breaking votes (something for which she routinely brags). Because of them, Biden-Harris added trillions in new spending at a time when the economy had already fully recovered from the COVID-19 panic. That sparked a huge increase in inflation, which in turn drove up interest rates.
https://www.zerohedge.com/political/interest-payments-top-defense-spending-first-time-history-thank-you-kamala
The U.S. dollar's global dominance is deeply entrenched, built on decades of trust in U.S. financial systems, the liquidity of U.S. markets, and the dollar's role as a safe haven in times of crisis.
The dollar is woven into the fabric of global trade and finance, and it's the primary reserve currency held by central banks around the world.
Changing that isn't just a technological challenge—it's a fundamental shift in the global economic order that could take decades to unfold.
While mBridge could allow countries to settle cross-border transactions in their local digital currencies, potentially reducing the dollar's dominance in certain contexts, it's not a silver bullet.
The dollar will remain the world's go-to currency for the foreseeable future.
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Technological innovations like CBDCs, and by extension mBridge, provide a way for countries to bypass the dollar in cross-border transactions.
Nations might prefer to settle their trades in their own digital currencies or regional alternatives, reducing their exposure to dollar fluctuations and the whims of U.S. economic policies.
https://www.nst.com.my/business/insight/2024/10/1122904/central-bank-digital-currency-cbdc-de-dollarisation-brics
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