New Collaboration Will Introduce New World Currency To Replace The U.S. Dollar

There is a new collaboration happening right now, that seeks to replace the U.S dollar as the global reserve currency and replace it instead with something being worked on by Brazil, Russia, India, China and South Africa (BRICS), according to Russian President Vladimir Putin.

While speaking at the recent BRICS business forum, Putin noted that the new scheme is designed to provide an alternative for transacting internationally, instead of using the U.S dollar, which is continuing to hemorrhage value by the day due to growing inflation.

“The issue of creating an international reserve currency based on a basket of currencies of our countries is being worked out,” Putin said.

The plan includes eventually phasing out Western financial systems like SWIFT.

BRICS countries have all indicated that they have begun working on the joint venture to do just that.

Dipanjan Roy Chaudhury reported from the Economic Times, “The BRICS countries have been also boosting the use of local currencies in mutual trade.”

The BRICS meeting also included discussions about free trade deals, according to the Chinese state-owned media outlet South China Morning Post, a sweetener to go along with Putin’s new world reserve currency.

“To build a free-trade agreement is a very important means to tap this trade potential, which China is willing to discuss with other BRICS countries,” said Wang Shouwen, China’s vice-commerce minister.

Collectively, BRICS countries contribute about one-fifth of global trade but currently are only trading about 6 percent of the trade volume among the members.

Having a new currency will boost trade, and will be underpinned by several currencies, real, rubles, rupees, yuan and rand.

China, Russia and India are all currently negotiating deals for chain stores and Chinese cars and equipment into the Russian market.

While Western allies have been nearly cut off from Russian oil and gas because they refuse to pay for it with rubles, China and India have suddenly seen a “noticeable increase.”

“There are indeed a lot of uncertainties and challenges in the world economic recovery, for the BRICS countries … it is in the common interest to work together to deal with these challenges,” Wang said at the meeting.

This would spell the end to the U.S dollar dominance and would allow BRICS to build its own influence on the globe. Chris Turner, the global head of markets at ING, when asked if he thought that might happen soon, he said:

“While there could be some high-profile statement of political ambitions to embark on this project, we doubt the mercantilist nations involved in BRICS would want to transfer valuable FX reserves into this more local sphere of influence.”

The way that inflation has rocked the U.S dollar since Biden took office, it won’t be long before BRICS countries have a hold of the international markets., spelling the end of the Globalist “elites” exclusive banking systems in the West.


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9 thoughts on “New Collaboration Will Introduce New World Currency To Replace The U.S. Dollar”

  1. No comments?

    The US has no one but itself to blame. It has abused its position as holder of world’s reserve currency by printing $trillions of dollars in debt notes to itself, and financially sanctioning countries it does not like.

    The world has said, “Enough!”.

    1. J. Paul Getty once commented that the U.S. could never go bankrupt because the value of all the resources on and under government owned property was uncalculable. But, of course, the current administration is stopping all exploration and extraction of those resourses !!!

  2. the money tree has dryed up-they will pay debt with devalued dollars,inflation will rise and affect the middle class,all these rich politicians will be ok thanks to us voting them in with little results.

    1. THE GOVERMENT HAVE TOOK BRIBES ALLOWUNG COMPANIES TO PASS IT ON TO A LOT OF PEOPLE THAT COULD NOT NOT AFFORD IT GOVERMENT STASED THEIR WHILE OFFICIALS HAVE COME MULTI MILLIONARES, THEY MAY NEVER PAY FOR THAT IN THIS LIFE, THE NEXT LIFE THET WILL IF THEY DON’T REPENT AND GIVE BACK THEY STOLEN FROM THE PEOPLE……THE ETERNAL HELL AWITS THEM

  3. Is this Nesara-Gesara or something different? NG, I believe, is gold based?? What would be wrong with that?

  4. When this new world currency is established and the dollar is no different than the naira or the dong, trillions of worthless fiat dollars will come back here and the First American Republic will make Zimbabwe or Weimar Germany look like Switzerland. We will not be talking about 8 per cent inflation a month but about 8 per cent a minute, and the hilarious but also ghastly hyperinflationary dystopia of “The Mandibles”, with daily price doubling, $50 cabbage and reused toilet paper will be upon us. The illegitimate criminal traitor regime will have to be removed at that point, and actually the sooner the better. The best way to celebrate the 246th anniversary of the American Revolution is to have another one.

  5. so when joe barrack nancy george zuck clintons etc
    go to replace their money how much are they going to lose cause of illegal transactions, kickbacks fraud
    and IRS will know

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