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Project mBRIDGE Explained: BRICS, Multi Currency Reality Via New Blockchain Settlement System ( De-Dollarization)
Lena Petrova ^ | 29 June 24 | Lena Petrova

Posted on 06/30/2024 6:22:51 PM PDT by delta7

Blockchain-based project mBRIDGE will become the foundation for a new, global alternative financial system. mBridge does not support settlements made in U.S. dollars.

Today, Warwick and Lena discussed how project mBRIDGE works, its structure, key stakeholders as well as the benefits that it will facilitate for the global majority. The discussion focuses on the process of de-dollarization, the BRICS+ bloc and the future of payment settlements.


TOPICS: News/Current Events
KEYWORDS: ccp; globalism; usd
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Thanks Joe- your vegetable head sanctions against Russia just blew our foot off. World De-Dollarization ahead.
1 posted on 06/30/2024 6:22:51 PM PDT by delta7
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To: delta7

Probably inevitable, but $34 trillion in debt was not.


2 posted on 06/30/2024 6:30:22 PM PDT by Jonty30 (He hunted a mammoth for me, just because I said I was hungry. He is such a good friend. )
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To: delta7

Letting Saudi abandon the petrodollar was the fire bell.


3 posted on 06/30/2024 6:31:18 PM PDT by hinckley buzzard ( Resist the narrative. )
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To: delta7

all U.S. aid to the BRICS+ stops.
All deals with the U.S. must be in U.S. dollars.

or is this not doable ?


4 posted on 06/30/2024 6:39:50 PM PDT by stylin19a (Why do "overlook" and "oversee" mean opposite things?)
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To: stylin19a

BRICS = Brazil + Russia + India + China + South Africa.
None of them need USA foreign aid and probably not getting it anymore. I know India used to get it in 20th century. Now India has 3rd largest economy in world based on purchasing power index.


5 posted on 06/30/2024 7:21:25 PM PDT by Bobbyvotes (I will be voting for Trump/whoever he picks VP in November. If he loses in 2024, country is toast.)
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To: stylin19a

or is this not doable ?
———-
Not anymore. Brics plus is 65 plus percent of the world’s population, and holds much of the worldwide commodities and resources. They are now all aligning against the US. We become “ irrelevant “, militarily and financially.

When they stop buying our debt ( bonds and Treasuries- which they are) which finances our government operations, we simply run out of money to operate.

Fact is weaponizing the USD facilitated dumping of the USD. Keep in mind the Brics “ currency “ is to be backed by Gold holdings and a countries natural resources…..and traded instantly digitally, no fees.

This process is spelled out by Brics, two- three years for widespread world use.


6 posted on 06/30/2024 7:26:32 PM PDT by delta7
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To: delta7

Is the USD the deep state’s lifeblood?


7 posted on 06/30/2024 7:29:21 PM PDT by reasonisfaith (What are the personal implications if the Resurrection of Christ is a true event in history?)
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To: stylin19a

The US stopped using the dollar in 1913.


8 posted on 06/30/2024 7:33:15 PM PDT by jdege
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To: Bobbyvotes

BRICS = Brazil + Russia + India + China + South Africa.
————
Plus the almost 50 nations that are applying for membership to Brics. Their Summit is October I think. Our corrupted MSM will no doubt not report much on their plans, progress, and stunning success…..

De-Dollarization is in itself not a bad thing, the world survived fine before US hegemony. How to protect yourself? Do what ALL the world’s Central Banks are now doing: Buying HISTORIC amounts of Gold….if they are, you should to.


9 posted on 06/30/2024 7:35:18 PM PDT by delta7
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To: delta7

Because what everyone wants is to do their business with crap currencies like the Ruble or Yuan or Rupee.

Even in a blockchain format. And saying that it wont settle in dollars just means that the author understands nothing of blockchain or crypto currency.

This is a ridiculous scam.


10 posted on 06/30/2024 7:41:45 PM PDT by Vermont Lt (Don’t vote for anyone over 70 years old. Get rid of the geriatric politicians.)
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To: delta7

Bkmk


11 posted on 06/30/2024 7:43:22 PM PDT by sauropod ("This is a time when people reveal themselves for who they are." James O'Keefe Ne supra crepidam)
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To: Vermont Lt

Simple common sense says that w/o the forced backing of the petrodollar the fortunes of the US of A will be declining, sooner or later.

It will also be a prime reason why the US will continue to gin up war, somewhere, and foment tension by any means possible. A world awash in scared nervousness will move less quickly away from the dollar.


12 posted on 06/30/2024 8:38:48 PM PDT by citizen (Put all LBQTwhatever programming on a new subscription service: PERV-TV)
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To: delta7

BRICS vs Dollar is the puppet master of the Ukraine / Russia conflict.


13 posted on 06/30/2024 8:41:51 PM PDT by taxcontrol (The choice is clear - either live as a slave on your knees or die as a free citizen on your feet.)
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To: Bobbyvotes; delta7; jdege

thanks all for that .
6 more were invited into BRICS and 4 joined beginning of this year. Iran, Egypt, Ethiopia, and the United Arab Emirates ...argentina then pulled out altogether and the saudis hesitated.
Ethiopia gets mostly economic aid and Egypt receives mostly military aid...and IRAN just keeps getting money.
I’m thinking removing all aid would put the fear in the rest.

or maybe they don’t need the aid anymore?

or our foreign obligations are about 53+ billion...i guess not enough to scare anybody

our exports are greater than 3.5 trillion. Would they stop accepting our exports ?

or can we just join them?

I get it 1913..Fed Reserve Act.

so the dollar as the world’s reserve currency is soon to be toast ?
It happened to the UK and they still thrived.
What does become the reserve currency...gold ?


14 posted on 06/30/2024 9:50:39 PM PDT by stylin19a (Why do "overlook" and "oversee" mean opposite things?)
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To: delta7

“When they stop buying our debt ( bonds and Treasuries- which they are) which finances our government operations, we simply run out of money to operate.”

Yes, but we can always print more... and become Zimbabwe.


15 posted on 06/30/2024 11:46:37 PM PDT by aquila48 (Do not let them make you "care" ! Guilting you is how they control you. )
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To: aquila48

our government has done this to us


16 posted on 07/01/2024 2:35:57 AM PDT by ronnie raygun
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To: ronnie raygun
our government has done this to us

YES. They sure have.

Paybacks are going to be hell.

17 posted on 07/01/2024 5:20:50 AM PDT by icclearly ( )
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To: delta7

More:

https://www.youtube.com/watch?v=JjwhZ8fWbcg

BRICS Shocked Dollar by Switching to Gold Reserve: What next?

————-

The best defense at this point is to follow Brics and their actions. You will know what is best for you as the USD and hegemony declines.

Some will prosper, most will not.


18 posted on 07/01/2024 5:43:51 AM PDT by delta7
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To: ronnie raygun

our government has done this to us
————
Yes, but getting a clear understanding of events unfolding presents opportunities. Do NOT trust our MSM and their financial wizards, they will deceive you- they are to firmly entrenched in paper, and reliance in our governments “ promise to pay”…..how can our government pay anything with a $35 trillion debt….answer, by issuing out more debt, a Ponzi scheme that has lasted only 50 years ( since 1971).

Pray for Discernment, then all else will fall into place.


19 posted on 07/01/2024 5:58:38 AM PDT by delta7
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To: delta7

This sounds about as reliable as FTX’s crypto currency!

PREDICTION - People will stick with the safe, reliable US dollar, rather than take a chance of losing everything with another hokey tech scam.


20 posted on 07/01/2024 6:33:45 AM PDT by canuck_conservative (NATO - now celebrating 75 successful years of keeping the Russian monsters out!!)
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