Finance Ministers of the BRICS nations, Brazil, Russia, India, China, South Africa, met along with the Finance Ministers of other new BRICS member nations, in Sao Paulo, Brazil today.
(EDITOR'S NOTE: I removed a photo that was previously here because people wanted to talk about the PHOTO instead of talk about the substance of the news story. So to make certain that the substance of the story is what gets focused on, I have removed the photo, so no one can divert anyone's attention from the real substance, by focusing on a trivial photo.)
Russia’s Finance Ministry along with the Central Bank of Russia will propose several new financial initiatives to BRICS. The proposal aims to improvise and change the international monetary and global financial system as we know it.
Russia will particularly focus on creating a new digital BRICS Bridge payment platform which will be a multisided option to the US dollar. The development is currently in draft and could be proposed at the next summit in October 2024.
The proposal will not only create a new BRICS digital platform but will also contain a set of financial initiatives and recommendations. The multisided digital payment platform aims to grow as an alternative settlement without the need for the US dollar. Russia will take the first step of de-dollarization by convincing the bloc to accept a new BRICS Bridge payment platform.
This new digital BRICS Bridge payment platform would replace the SWIFT system, used by the US and most other developed nations.
Once this new system is in place, the US will no longer be able to us the Dollar as a weapon for "economic sanctions."
When countries around the world agree on a separate, new, payment system, the ability of the US to strangle the economies of foreign countries will virtually disappear overnight. All the power of the Dollar, will evaporate.
Countries will be able to ignore US sanctions, ignore the US congress, and the US will see all the world's Central Banks, start sending US cash back to the USA because they won't need it anymore.
When those dollars start flooding back to the US, the value of OUR currency will drop compared to foreign currencies.
Since the US does not manufacture much of anything anymore, and we instead IMPORT most of the things we buy, the dropping value of the US Dollar will make all those foreign goods FAR more expensive for Americans. Hyperinflation!
Moreover, as the US Congress continues to spend far more than they take-in via taxes, the dollar is becoming worthless. Russian President Putin explains it simply:
Putin explains how BRICS nations are working on a multilateral digital currency and it is necessary because the US dollar keeps printing and every time this happens it's like a credit card you have to pay more interest. As a result the USD will collapse.pic.twitter.com/sTqnTLPQsc
— csnetkova76 (@csnetkova76) February 28, 2024
All this because the people elected to go to Washington DC refuse to mind their own business. They have interfered with so many countries, on so many issues, for so long, the rest of the world is telling us to go away - and to take our Dollars with us.
When you can't afford to feed yourself, or your family, remember: It was the United States House of Representatives, and the United States Senate that caused this. Be sure to thank your Congressman and Senators for destroying our nation and its currency because they couldn't mind their own business.
