Posted on 08/24/2023 2:50:51 PM PDT by bitt
It is not hyperbole to say that the 15th BRICS Summit, that wrapped-up today in Johannesburg, South Africa, was a historic event and a geopolitical milestone that is bound to have deep repercussions in the years to come.
Even before the summit there was drama and suspense, like French President Macron fishing for an invite and being snubbed, or the realization that Putin would not be there personally because of the ICC arrest warrant.
Add to that the successful Indian space mission that put a spacecraft in the Lunar surface, and the shock with Wagner PMC’s Prigozhin plane crash death, and you have the stuff history is made of.
Read more about the Summit here:
https://www.thegatewaypundit.com/2023/08/brics-summit-scenes-multipolar-world-economic-synergy-political/
As expected, the position to expand the club, sponsored by China and Russia, prevailed in the end – and six new members will be added in January 2024.
Reuters reported:
“The BRICS bloc of developing nations agreed on Thursday to admit Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates in a move aimed at accelerating its push to reshuffle a world order it sees as outdated.
The group’s leaders left the door open to future enlargement, potentially paving the way for the admission of dozens more countries motivated by a desire to level a global playing field they consider rigged against them.”
The new arrivals join the founding members China, Brazil, Russia, India and South Africa, in a move that adds geopolitical clout to the group.
“‘This membership expansion is historic’, Chinese President Xi Jinping, the bloc’s most stalwart proponent of enlargement, said. ‘It shows the determination of BRICS countries for unity and cooperation with the broader developing countries’.”
(Excerpt) Read more at thegatewaypundit.com ...
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Hyperbole.
Way to go, Joe, and all your stupid voters.
My question is what happens to all these countries currencies?
Are they liquidated and put into gold? Just my dumb ass asking...
Sorry, I can’t take BRICS seriously. India and China hate each other and are actively killing each other’s soldiers in periodic border clashes, Russia is a basket case, and Brazil’s promising future never seems to turn into the present.
If this goes thru, all that funny money the fed has been spreading around the world will soon come home to roost. I suggest you start stocking up on wheel barrels to haul your federal reserve note to the grocery store. See CONTINENTAL
The "good kind" of globalism according to some around here...
As I understand it, this is their plan to dump the U.S. greenback/U.S. petro dollar as the global reserve currency. Apparently, the central banks of all these nations have been stockpiling physical Gold so their new currency actually has some “clout” as ours used to prior to dumping the Gold Standard. This will ultimately destroy the greenback, and give Powell, and Co. at the FED, and Yellin at Treasury an excuse to more quickly implement their CBDC (Central Bank Digital Currency). As usual, no good outcome for us in those scenarios.
“See CONTINENTAL”
Or, Weimar Republic.
I think that you are experiencing normalcy bias. Things stay the same - until they change.
We’re certainly doomed if the choice is between WEF gl0b0h0m0 warmonger$$$ and the likes of Lula, Ramaphosa and other assorted lunatics.
“My question is what happens to all these countries currencies?”
Sure, today you can convert all your dollars into Russian Rubles, South African Rands, Brazilian Reals, Ethiopian Birrs, Argentinean Pesos, and Iranian Rials and make out big time when all those currencies are converted to BRICS.
The world is in a sorry state. Its looking more and more like WW III is just around the corner. that or Civil War.
Our Federal Reserve just had to BUY half of the $32 billion in 10 year US bonds that were issued…..put simply…..when our government has to buy billions of their own bonds, we have a MAJOR crisis brewing….the snake is starting to eat it’s own tale.
- The US is now approaching 1 Trillion $$$$$$$$$$$$ in INTEREST payments on our national debt.
- Joe six pack has now reached 1 TRILLION $$$$$$$$$$$$ in credit card debt.
- Senile Joe’s Ukie war welfare payments are bleeding the US, and the estimated cost to rebuild Ukraine is getting close to $1 Trillion $$$$$$$$$$$$, (some sources put it at only $600,000 billion as of July)…..
- Does anyone know how much a trillion is? …..that’s twelve zeros, unsustainable and unpayable……and the world knows this. 1+1= DEFAULT.
- The entire world’s debt just hit $360 Trillion $$$$$$$$$$$$.
HELLO, is anyone out there?
It won’t last. No way these brainless monkeys end up agreeing on anything including what to have for lunch.
HELLO, is anyone out there?
—————-
Yes there is, the Brics, and the 40 countries that applied to become members…..simply put, they want nothing to do with the US’s debt and are refusing to participate….the fall will not only be historic, but devastating.
It won’t last. No way these brainless monkeys end up agreeing on anything including what to have for lunch.
————-
Which is why the rush to sovereign digital currencies ( cashless), the EU and US are leading the charge, the West holds the majority of debt, they know the day is fast approaching.
No its a good question.
My understanding is that every country will retain their own currency but will be required to maintain verifiable gold reserves to back it up.
The dollar will be replaced by the US note through our Treasury Department. The Federal Reserve is going bye bye. We are all going to be on the QFS system or whatever they decide to call it. Europe will also be on this system. The central banking system is going away.
But China ( it has only half of our debt…..(https://www.statista.com/statistics/531423/national-debt-of-china/), 16 trillion, the US, 31 Trillion.
Russia, India and the non western world will not participate in the Western “ system “…..decoupling ( dedollarizing) is in its first stages. Current “ wealth” tracking shows the big money is now just starting to flow out of the West into the East…..expect the dreaded “ waterfall” event when Taiwan and China finally resolve their differences…..it will be historic.
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