Search

BRICS Payment System to Launch: A Threat to U.S. Economic Hegemony?

159 nations joined a BRICS-led payment system, challenging the U.S. dollar's dominance. The October launch could drastically reshape global financial power.

159 countries have decided to join the new BRICS international payment system, an alternative to the SWIFT system that threatens the dominance of the dollar and the United States. This monumental shift could mark the beginning of global dedollarization, isolating the West and diminishing America’s power to influence financial flows and impose sanctions. With the launch scheduled for October, the new financial structure could upend the global economy, but the Western media’s silence leaves citizens unaware of the looming consequences.

* * *

by Giuseppe Salamone

A monumental shift, though it doesn’t seem to interest Western propaganda, now transformed into regime press, or the so-called “token” economists: 159 countries have chosen to join the new BRICS international payment system, the direct rival to the SWIFT system that has upheld U.S. hegemony through the absolute dominance of the dollar as the global exchange currency.

The creation of this system and the extremely high percentage of participating countries (159 out of 193) tell us several things: it’s not Russia that’s at risk of isolation, but rather the West, increasingly trapped in its bubble of arrogance and “moral superiority.” Over three-quarters of the world have had enough of a system that has served only and exclusively the interests of the American “empire of evil.”

Essentially, these 159 countries joined primarily due to unilateral Western sanctions, which extended to the illegal freezing of billions in assets from other states. They also joined because they gradually want to eliminate the U.S. dollar as an exchange currency. Transactions will be made in their own currencies, protecting economies from dollar volatility and promoting greater financial sovereignty and stability.

It’s worth remembering that BRICS represents 36% of global GDP at purchasing power parity (more than the G7!) and 47% of the world’s population. They include the most important countries in terms of raw materials, as well as energy and oil powers. With new members, they will control 38% of the world’s natural gas supply, 60% of oil exports, 67% of coal production, about a third of the world’s food, and 90% of the supply chain for solar panels and electric car batteries, including essential minerals for the tech industry.

In essence, they have everything they need to be self-sufficient, but haven’t been able to leverage it due to the dollar’s dominance. If they manage to launch an international payment system independent of Washington, we can unequivocally say that we are in full dedollarization. The U.S. hegemony is seriously at risk, and this is no joke. This is because, due to a potential decrease in demand for dollars—since they will no longer be needed for international transactions—the United States would lose the power and ability to influence financial flows and impose sanctions.

And we’re not talking 40/50 years down the line—the launch of this new system, according to its creators, is scheduled for October. This is something monumental that will irreversibly change the world, happening right before our eyes. Unfortunately, due to a terribly corrupt political and media system, citizens are being left unaware and will pay a heavy price for the decisions of their leaders. Once, people studied to be free; now they study to serve the American empire. I sincerely hope that some “university professor” reads these lines. Maybe they’ll remember the mockery I faced simply for daring to say it would happen like this—with the launch of an international payment system in local currency as an alternative to the American one.

Some people should be arrested, not called “professor.” The damage done to society when one has the responsibility of teaching and does so with blind ideology is irreparable!

SHARE THIS ARTICLE

Leave a Comment

Your email address will not be published. Required fields are marked *

Read More

Weekly Magazine

Get the best articles once a week directly to your inbox!