“The nations that make up the BRICS — Brazil, Russia, India, China and South Africa — reportedly plan to introduce a joint currency backed by gold when they meet for their summit on Aug 22-24 in Johannesburg. “
The Neocons/Globalists had OPTIONS after they got the Ukraine War started - sadly for Americans and Europeans they chose the one option that would DESTROY their Globalist Empire and the high living standards came with it - which was Suicide Sanctions against Russia (particularly cutting Russia off from SWIFT). Now the days of the US running the world are quickly closing.
Options that the Neocons/Globalists COULD HAVE taken include opening up the US/European economies by jettisoning the Green New Deal, rather than doubling-down on it, and also working to quickly end their Ukraine War with a peace deal.
So now our national debt and many other problems will quickly come due.
Russia, number 2 in the alliance, has not defeated Ukraine after 17 months of war. Unless they can turn the war around, Russia will be encircled by hostile powers to their west, except Belarus. The Baltic Sea is a NATO lake with Finland and possibly Sweden in the alliance.The Western boycott has been ineffectual, but Russia remains a de facto Third World country, dependent on mineral and agricultural exports, except they now sell to China and India instead of Europe.
India is a rising power, with a freer economic system than China and less of a police state. While there are Hindu fundamentalists who want to ban rival religions, the Indians have far more liberty than the Chinese. India and China have clashed in the Himalayas, with the Indians doing well in the skirmishes. Plus India has strong ties with Britain due to two centuries of colonial rule. The U.K. has a Prime Minister of Indian ancestry. A prolonged Indian Chinese alliance seems improbable.
The BRICS alternative currency is not a sure victor over the dollar.
With a fiat based currency and Central Bankstering system, when PMs become king, the national "debt" goes POOF!
We've NEVER paid a plug nickle of principle into the debt, never will, so why do so when it falls?
[Grace Commission, never paid any principle into Natl Debt, only interest]
FED/IRS can and will go pound sand.