A New Global Currency is Forming Through BRICS and Is Now One Step Nearer
Were you aware that Muammar Gaddafi, the former ruler of Libya, aimed to establish a gold-backed dinar for the entire African continent? He was the original member of BRICS.
Did you also know that Gaddafi sought to cease oil transactions in US dollars due to his belief that our global financial infrastructure resembled a massive Ponzi scheme?
Well, the United States couldn’t allow that, so they initiated military action against Libya and removed Gaddafi from power.
This is what Libya looks like after the American “democracy” intervention.
Now, merely days following the U.S. strike on Iran, voices like Nassim Taleb, the author of The Black Swan, are asserting that the US dollar has relinquished its supremacy.
In a recent interview with Bloomberg, Taleb claimed that gold has transitioned to being the world’s de facto reserve currency. “The dollar is diminishing in its reserve currency status… and gold is effectively the new reserve currency,” he noted, referencing the increasing global accumulation of gold reserves.
While the debate on gold continues, we advocate for BTC, undoubtedly—one thing remains clear: the US dollar is fading, and alliances like BRICS are gaining significance.
A New World Currency Emerges Through BRICS
Nations including China, Russia, and Iran are developing a new global currency called BRICS. BRICS, which stands for Brazil, Russia, India, China, and South Africa, has already welcomed participation from over a dozen additional countries.
Individually, these nations may be minor compared to the US, but together, they account for 40% of the global population and, per the IMF, are projected to represent 50% of the world’s GDP by 2030.
The US no longer monopolizes power at the global table.
By 2025, the landscape will be defined by the G7 nations—including Canada, France, Germany, Italy, Japan, the UK, the US, and the European Union—in opposition to BRICS.
Similar to BRICS, the G7 nations exert control over 40% of global GDP. This also explains why, just two years ago, China played an integral role in mediating talks between Saudi Arabia, the second-largest oil producer, and Iran, the world’s 14th largest economy.
If this were a kickball match, we would currently witness China assembling teams and organizing the field while America busies itself with picking dandelions.
A G7 Out of Touch Could Foresee Rekt of Global Hegemony
Cultural conflicts serve as mere distractions. It shouldn’t be the case that banks come out on top, the military-industrial complex prevails, big pharma flourishes, and the working class remains consistently neglected.
— Darrell Wade (@Dwade603) March 13, 2023
The members of BRICS have indicated that expansion will be their main priority in 2025, while the G7 countries find themselves engaged in conflicts on three different fronts.
A new global financial structure is being developed right before our eyes. The US, UK, and other major Western powers must swiftly alter their strategies before it’s too late.
EXPLORE: 7 High-Risk High-Reward Cryptocurrencies for 2025
Main Takeaways
- In a recent Bloomberg interview, Taleb stated that gold has become the world’s de facto reserve currency.
- A new global financial framework is being established right before us.
The article A New World Currency is Emerging Through BRICS and Is Now One Step Closer was first published on 99Bitcoins.
