Category Archives: BRICS

Brazil confirms that it will launch a pilot test of the digital real this year

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gold round coin on top of a cellphone

With this advance, Brazil will become the first country in South America to launch a pilot of a sovereign digital currency.

Roberto Campos Neto, President of the Central Bank of Brazil, confirmed in the last hours that the pilot test of the digital real will be launched this year. As explained by the official during an event, the new digital currency of the central bank ( CBDC ) will be available in the second half and will have a fixed supply.

Campos Neto also assured that the new asset of the Brazilian giant will be linked to the reserve transfer system, a fiduciary payment system. With this advance, Brazil will become the first country in South America to launch a pilot of a digital currency sovereign.

This is a way to create currency digitization without creating a break in bank balance sheets. This project should have some kind of pilot in the second half of the year ”, said the BCB president.

On the other hand, Campos Neto spoke briefly about how he sees the Brazilian crypto ecosystem. As he slipped, cryptocurrencies are seen as forms of investment rather than as a means of payment, something that could change only with a greater increase in local and global adoption.

In that sense, the country commanded by Jair Bolsonaro works on a bill to regulate the crypto market, which refers to a clear definition of what status digital assets have and defines control jurisdictions in government agencies.

Source article: https://www.eleconomista.com.mx/

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Macron’s visit to China shows non-alignment may have come to Europe

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Facing severe domestic problems and protests, it remains to be seen whether or not Macron will be able to push some of his bold goals, which also depend on a lot of intra-European political articulation.

Uriel Araujo, researcher with a focus on international and ethnic conflicts

French President Emmanuel Macron, leading a large delegation, and accompanied by European Commission chief Ursula von der Leyen, arrived in China last week on April 5 for his three-day state visit. There, he held talks with his Chinese counterpart Xi Jinping, Premier Li Qiang, as well as NPC chief Zhao Leki. I’ve been writing on how multi-alignment and non-alignment are emerging trends within the Global South. The French leader’s latest trip to Beijing indicates that such a trend could emerge within Europe itself – but there are challenges.

France and China have signed various cooperation deals in the energy field, particularly wind and nuclear energy, according to an Elysee palace’s statement. On April 6, Airbus chief executive, Guillaume Faury, who took part in Macron’s delegation, agreed to build a second assembly line at its Chinese factory. The agreement was announced in spite of intense American pressure on Europe to isolate Beijing. This is a reminder that China’s markets are still critical for European businesses. In spite of her “hawkish” rhetoric, even Leyen herself recently dismissed any notion of “decoupling” Europe’s economy from the Asian giant.

These trade developments were accompanied by Chinese courtship and have potential geopolitical implications. As part of its “strategic autonomy” concept, Paris has been pushing a non-confrontation approach regarding Beijing to “de-risk” relations with it. Macron’s strategic thinking is far more ambitious than that, though.

Last year, for the first time in over a decade, Paris took over the Council of European Union’s presidency (January – June 2022). This period was marked by EU Commission President Ursula von der Leyen calling for the creation of a European Defence Union. During the first half of 2022, Leyen also announced the “Summit on Defence”, under the French Presidency. In post-Brexit EU, France is the only nuclear power and boasts of possessing the most combat-ready armed forces in the bloc. According to Swasti Rao (Associate Fellow at the Europe and Eurasia Center), the French President has repeatedly stressed that the Strategic Compass is “the closest thing the EU has to a military doctrine and akin to NATO’s Strategic Concept” to set EU’s alliance goals. She adds that setting up a system for European collective defense is a long-standing Macron’s ambition.

Such goals face the hard fact of a de-industrialized Europe. As I wrote before, even though Washington has been waging a subsidy war against the continent, and actually benefits from Europe’s industry and energy crises, it has become an overextended and overburdened superpower. Thus, it could actually benefit from a NATOized and militarized Europe. This would allow Washington to pivot to the Pacific – that however, could backfire, with a stronger Europe pursuing strategic autonomy. In this context, China’s courtship of continental Europe’s only nuclear power makes a lot of sense. The problem, from Europe’s point of view, is that the Ukrainian conflict has made it even more dependent on Washington, and the American economic and industrial policies against the continent make any European plans of re-arming and re-industrializing itself almost impossible for now.

There have been rising tensions between the political West and China, in what has been described as a New Cold War. This was clearly exemplified by the recent balloon hysteria. There is a so-called chip war going on, and the US-led economic warfare against Beijing in fact endangers the world’s microchip industry itself and increases the risk of butterfly effects, the Asian Great Power being a key part of the globalized world. Washington has also been pushing for further sanctions against China. This is the overall context, and so it is no wonder that Beijing’s reception of France’s approach has been warm.

“I’m very glad we share many identical or similar views on Sino-French, Sino-EU, international and regional issues,” Xi Jinping told the French leader last week. Macron, in turn, told him that Paris promotes “European strategic autonomy,” doesn’t like “bloc confrontation” and believes in doing its own thing. “France does not pick sides,” he added. This pragmatic non-aligned stance is of course challenged by many European leaders – and by Washington.

During talks with Macron, Xi Jinping remarked that Beijing regards Europe as “an independent pole in a multipolar world”, according to China’s foreign ministry’s website. The Chinese leader added that Beijing “supports Europe in achieving strategic autonomy, upholds that the China-Europe relationship is not targeted at, subjugated to, or controlled by any third party, and believes that Europe will take an independent approach to developing its relations with China.” He also urged the EU to “stand against hegemonism, unilateralism and attempts to decouple economies or sever supply chains.”

Some Western observers have accused Beijing of trying to split the transatlantic alliance. In fact, that alliance’s strength has long been shaken by its own contradictions. The very coalition to support Ukraine has been facing fissures since at least the end of 2022, partly driven by domestic problems as well as American-European disagreements and there have been talks of a slow and quiet European abandonment of Kiev since at least August. Macron himself has warned US President Joe Biden that the latter’s aggressive subsidies policies could “fragment the West”. France has also clashed with NATO and the United States in a number of issues.

Facing severe domestic problems and protests over a controversial pension reform, it remains to be seen whether or not the French leader will be able to push some of his bold goals, which also would depend on a lot of intra-European political articulation.

The Dollar is Dead and the NWO is Here as BRICS Nations Trade in Chinese Yuan and a new Currency is Discussed

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Putin and Xi are making plans and they DO NOT include the USA. As I’ve said many times, the power structure has shifted from the West to the East and now its Russia and China’s time to rise and the USA and NATO’s time to fall. Of course world events are playing out so fast it will make your head spin so stay ready! PRAYED up and prepped up at all times!

Here is a great 5 min. video summary of the dollar dying a well deserved death and the rise of the NWO/BRICS currency. Notice the desperation in Steve Forbes’ face as he desperately defends the dollar and its reserve status. My guess is that he’s just putting on a show for the camera but maybe he really is that delusional.

Here is more on the demise of the dollar as the Association of Southeast Nations prepare to dump the dollar and trade in local currencies. It’s coming fast folks, it’s weeks or months away, not years!

Another set of nations are primed and ready to dump the U.S. dollar as the world reserve currency, and to exclusively trade with their localized currencies and payment systems.

While the BRICS nations and alliance has been getting the most attention as of recent for wanting to dump the dollar (after years and years of this quietly happening underneath the noses of the Western populations), another financial alliance group is looking to do the same.

The Association of Southeast Asian Nations (ASEAN) made their intentions clear last week that they intend on doing trade with more localized currencies, and even going as far as to exclude payment giants Mastercard and VISA from the equation.

ASEAN comprises 10 different Asian nations, which include: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam; with Australia and New Zealand also working closely with this association via new a free trade agreement pact established in November, 2022. Subtract Australia and New Zealand, and ASEAN affects over 600 million people and is one of the world’s largest economies. Read the rest at Winepress News.

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France brings de-dollarization to Europe by trading in yuan

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Ursula von der Leyen and Macron are sending mixed signals to China.

Ahmed Adel, Cairo-based geopolitics and political economy researcher

Following news that Brazil and China agreed to trade in their local currencies, it emerged that a French company charged the export of liquefied gas (LNG) to China National Offshore Oil Corporation in the Chinese yuan. This is another sign that the inexorable process of de-dollarization has gained momentum and even spread to the European Union. 

This should not be surprising given the difficult economic situation across the EU, meaning that companies will look after their own interests above all. None-the-less, the media has already characterised the transaction between the Chinese company and Total Energy in yuan as historic. 

Although this change in currency transaction may resonatewith the situation in which the world is currently in, the de-dollarization process started long before the Ukrainian and pandemic crises. It is recalled that German companies were buying Russian gas from the Moscow and St. Petersburg exchanges with rubles.

Meanwhile, the dollar, which once accounted for 70% of foreign exchange reserves, has now fallen to 59%. The process is ongoing, and will take a long time, but it cannot be halted. One of the initial goals of the BRICS association was de-dollarization. Every annual conference since the founding of BRICS has stressed these processes. Although trading in foreign currencies expectedly developed between BRICS members and aspiring members, such as Egypt, it was not expected that countries like France would join the fray so quickly. 

The case of Total Energy is significant because it indicates that the de-dollarization has started even in Europe. Although state leaders and governments might have certain policies,companies must adapt to the requirements of the manufacturer and major customer, which in France’s case is China.

The Chinese insist on payments in the yuan so that it becomes a reserve with the same respect as the dollar, Swiss franc, euro, and yen. The yuan is an international means of payment that fully meets standard norms because currency parity can be established with it.

Such a transaction is not only important for China, but also for France. By selling oil or gas to the Chinese for yuan, it removes the need to deal with US banks to receivedollars. The accumulated yuan can then be used in China to buy nearly every product that the US can also supply. In this way, the French also bypass a middleman (the US) if they want to buy products from China.

Although French President Emmanuel Macron is obedient toAmerican policy on Ukraine, it is recalled that he was the firstto react to Donald Trump’s trade war with Beijing by taking the 50 largest French companies to China, thus demonstrating he does have a willingness, when he wants, to show a semblance of French sovereignty.

The facts are that the French cannot remain a powerful military and economic power if it ignores the biggest market in the world, which is obviously China. It appears it is not only France though as an entire entourage of EU leaders aregoing to Beijing soon. EU leaders could distance themselves from Washington’s expressions of wanting to impose furthersanctions against China.

At the same time though, the head of the European Commission, Ursula von der Leyen, is going to Beijing with Macron on April 4. Ahead of the trip, on March 30, she made a fiery speech against China, saying that the country has become “bolder” and “more repressive at home and more assertive abroad.”

She added that the EU needed to have “a clear-eyed picture on what the risks are,” noting that EU-China relations had become “more distant and more difficult” in recent years. The European Commission president, seemingly more emboldened by being a NATO chief candidate, claimed that China moved into “a new era of security and control” and ramped up “policies of disinformation and economic and trade coercion.”

Fu Cong, China’s ambassador to the EU, hit back a day later, saying “Whoever wrote that speech for President von der Leyen does not really understand China or deliberately distorted Chinese positions.”

“That speech contained a lot of misrepresentation and misinterpretation of Chinese policies and the Chinese positions,” Fu added.

This suggests that either there is division in Europe regardingrelations with China, or Macron is going down a similar path with Russia by giving mixed signals and believing that economic relations can paint over European aggression and provocation.

As confusing as Europe’s position might be, as is typical, the example of the French company abandoning the dollar in transactions with China will be a signal for other European countries to not bypass the Chinese yuan as a means of payment. 

At the same time, the way Washington approaches international cooperation has only served to accelerate thedecline of the dollar hegemony. The exclusion of Russia from Western financial systems and institutions proved to only push forward the use of local currencies amongst states, notably India-Russia, Brazil-China and now France-China.

The fact that China’s GDP is nominally smaller than the US’but its purchasing power is 25% higher, which is the most important parameter and measures China as being the strongest economy, is already understood by most of the world. It is for this reason that de-dollarization will only accelerate, even though it is an overall process that will take time.

Breaking News! Russia talks up a New BRICS Currency to Rival US Dollar Hegemony

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All of that and more war news on Russia, China and the USA are in today’s short video. Time is short, prayed up and prepped up!

New Currency for BRICS Nations

EU to Criminalize Cash

Australian Megabank Limits Cash

US not ready for war against China and Russia

Brazil and China agree to trade outside US Dollar

Rumble version of my video

Bitchute Version of my video

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Brazil and China dealt another blow to US dollar hegemony

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US unintentionally accelerated de-dollarization.

Ahmed Adel, Cairo-based geopolitics and political economy researcher

In what is another blow to the hegemony of the US dollar, Brazil announced an agreement with China to facilitate transactions in their respective local currencies, the reais and yuan. This latest dollar-avoiding scheme shows how the largest economies of Asia and Latin America are once again cooperating to boost their sovereignty.

The Brazilian Agency for the Promotion of Exports and Investments (ApexBrasil) announced on March 29 that the two countries had signed the establishment of bilateral trade in local currencies.

“The expectation is to reduce costs, (…) further promote bilateral trade and facilitate investments [in Brazil],” the state body said in a statement when confirming a key point of an initial agreement signed at the end of January.

The agreement, which implies the exclusion of the dollar as a method of payment, was signed during the Brazil-China Economic Seminar held in Beijing in the presence of representatives from Brazil and China and some 500 businesspeople from the largest companies of both countries.

Officials from both countries specifically signed two agreements.

The first agreement decrees that the Brazilian bank BBM, controlled by the Chinese Bank of Communications (Bocom), enters China’s interbank payment system, known as CIPS, which is increasingly being accepted as an alternative to the Western-controlled SWIFT system. The second agreement establishes the creation of a Clearing House financial institution where the US dollar will again be excluded.

For her part, the Secretary of International Relations of the Ministry of Finance of Brazil, Tatiana Rosito, said at the end of the seminar that as an “initial step” this decision, which is optional, allows “greater predictability of exchange rates” and “reduces the costs of transaction.”

In addition, she pointed out that the elimination of an intermediary currency, in reference to the US dollar, “will be of interest” to companies because “it represents less cost.” 

The Chinese Vice Minister of Commerce, Guo Tingting, stressed that Brazil is a strategic partner and celebrated the progress achieved with the agreement.

Of course, this rapid advancement in relations is in complete opposition to the initial desires of former President Jair Bolsonaro, who closely followed the foreign policy of then US President Donald Trump. However, despite the position of Bolsonaro, it did not hinder economic relations in a major way.

The ApexBrasil agency pointed out that since 2009, China has been Brazil’s largest trading partner and one of the main sources of investment in the Latin American giant. 

“In 2022, trade flow reached a record of $150.5 billion, with Brazilian exports of $89.7 billion and imports of $60.7 billion,” the announcement said.

This new commercial strategy of trading in local currencies has long been promoted by Russian President Vladimir Putin, including as recently as his meeting with Xi on March 20–22.

“We are in favour of the use of the Chinese yuan in settlements between Russia and the countries of Asia, Africa and Latin America,” said the Russian president. He also expressed confidence that such “forms of settlement will develop between Russian partners and their third-country counterparts.”

It is recalled that Nouriel Roubini, an economist with the moniker ‘Doctor Doom’ for correctly predicting the 2008 global financial crisis, said in February that the dollar’s status as the world’s main reserve currency is in jeopardy. This is becoming more apparent as the world’s largest non-Western economies, such as China, Russia, India, Egypt, and Brazil, are agreeing to trade in their respective local currencies and not the US dollar.

The truth is that the dollar’s dominance is likely to remain in the near future because it still is the principal currency of international trade and transactions. However, its stranglehold on the global financial system is weakening, especially as more countries are trading in other local currencies, which in turn reduces their exposure to the dollar.

This is why de-dollarization is not a rapid process, but a long one. Ironically though, it is the US that accelerated this process even faster by falsely believing that the weaponization of the dollar through sanctions would make Russia capitulate to its demands in regards to Ukraine. Instead, Russia rebounded the sanctions by establishing new payment mechanisms with friendly trading partners.

The current deal between China and Brazil is massive towards securing their own sovereignty and weakening US hegemony, and one that Washington would not have anticipated when it began its economic hostilities against Russia. But it was this very weaponization of the dollar that made the non-Western world weary of being caught up in a difficult position like Russia initially was. In this way, non-Western trust in the dollar was broken, something that Washington still does not fully appreciate yet, or feel the full effects of.

Johnny’s Commentary: Folks this is exactly the type of thing I was discussing in yesterday’s video/blog post. The US Dollar is on the way OUT and I expect CBDC’s to be implemented this year, probably by July of 2023!!! That is just a few months away so I would keep getting your house in order and ready to deal outside of the new system. Prayed up and prepped up!

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Central Bank Digital Currency (CBDC) – Welcome to the New Money Prison and the Beast System!

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Yet the question remains does anyone even care??? I see nothing but apathy, especially from some who claim to be awake and aware of what’s going on. After seeing how everyone caved in for the mask mandates and the shots, I don’t think the WHO/WEF won’t have much of a problem implementing these new systems.

Because at the end of the day the powers that be will launch WW3 with nuclear weapons and the USA will be decimated. Whoever is left will be too sick and too distressed to resist the new systems being put into place. NOW is the time to prepare and of course as always, stay PRAYED up first! All of the info about the 3 key components of these new systems will be discussed in today’s video.

Main story and opening video clip

Megabank JP Morgan to launch Face recognition and palm payments

Tik Tok Ban Bill

One world BEAST System

The Fake “Great Awakening”

Former Treasury Sec. Says if the Dollar Loses Reserve Status its game over for the world economy

Kenyan President says get away from the dollar

US Politicians Urge Pentagon to send Cluster Bombs to Ukraine

Belarusian Mercs cause Terror back home

Fundraiser for Feb. March 2023

Rumble Link for my video

Bitchute Link for my video

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German-Japanese military cooperation does little to deter China at sea

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Germany and Japan revive WWII alliance with new military cooperation.

Ahmed Adel, Cairo-based geopolitics and political economy researcher

On March 18, German Chancellor Olaf Scholz visited Tokyo and promised Japanese Prime Minister Fumio Kishida that their countries would strengthen military cooperation, even by sending German ships and planes to the Pacific region. Then, only three days later – and a day after Chinese leader Xi Jinping met with his Russian counterpart Vladimir Putin in Moscow – Kishida made a surprise trip to Kiev and met with Ukrainian President Volodymyr Zelensky. Kishida even visited the town of Bucha, the site of an infamous fake news campaign of alleged Russian war crimes.

The visit of the Japanese prime minister to the Ukrainian capital was undoubtedly timed to be immediately after the visit of Scholz to Tokyo and to nearly coincide with the Xi-Putin meeting, a clear expression that Japan is now fully behind the Western bloc in opposing Russia and China.

In a joint statement, Germany and Japan said that they will work on establishing “a legal framework for bilateral defence and security cooperation activities,” including on ways to protect critical infrastructures, trade routes and to secure future supply of sustainable energy.

For his part, Kishida said that the agreement with Germany was to “counter economic coercion, state-led attempts to illegally acquire technology and non-market practices,” an obvious reference to China.

With Japan embroiled in several disputes with China, and Germany pursuing a policy of aggression against Russia, it is rather surprising that they are teaming up to expand their hostile efforts considering their limited capabilities for global power projection, especially when compared to Russia and China.

None-the-less, First Deputy Minister of Foreign Affairs of Ukraine, Emine Dzheppa, said the country was “happy to welcome” the Japanese premier in a way as if his visit was a gamechanger.

“This historic visit is a sign of solidarity and strong cooperation between Ukraine and Japan,” she tweeted. “We are grateful to Japan for its strong support and contribution to our future victory.”

This is obviously just another opportunity for a photoshoot. Japan has increasingly become hostile against Russia and China, and by Kishida visiting Kiev to take his photo alongside Zelensky, he is signalling to the West that Japan is prepared to do its part for Ukraine if they will do their part against China.

Tokyo’s decision will please the US, however, it is Germany’s reaction that is most telling. Although Kishida’s visit to Kiev was certainly a surprise to the unsuspecting public, undoubtedly Scholz would have been notified about the impending trip, perhaps from even before he arrived in Tokyo.

None-the-less, despite Germany and Japan having seemingly revived their World War II era alliance, it will do very little to deter China from defending its interests in the East and South China Seas or Russia from its military operation in Ukraine. This is for the simple fact that they, even in alliance, do not have the capability to challenge either country, let alone if Russia and China were in military alliance.

Although Japan is rapidly militarising, it is incalculably behind the Russian and Chinese militaries. The German military is in an even more pathetic state. Germany once had a very powerful military that was capable of instigating two world wars, but today the Bundeswehr only has 264,400 personnel, including 183,200 soldiers and 81,200 civil servants. 

For comparison, even in 1989 the Bundeswehr numbered 486,000 personnel. After the reunification of the country in 1990, the great disarmament began.

Today, the German military has been exposed for having a severe lack of combat readiness, in terms of personnel numbers and the condition of military equipment. Germany not only faces serious problems in ensuring the combat effectiveness of its army, but also in the production of new military equipment and weapons. Although additional funds have been allocated for this, German experts still doubt that this will help.

Following the Russian intervention in the Ukraine conflict, the Bundeswehr made serious efforts to support the Ukrainian military. From January 2022 to March 13, 2023, arms, ammunition, and military equipment worth 2.7 billion euros were delivered to Ukraine. In addition, the Bundeswehr was forced to reinforce weaker NATO allies directly bordering Russia. About 1,000 German soldiers were sent to Lithuania and formed a fighting group with Lithuanian and Polish troops.

Yet, despite the pathetic condition of the German military, Scholz has promised to send forces to help Japan confront China. Although the statement is bold, it does raise the question on how many ships, soldiers, tanks and planes the Bundeswehr can send to the Pacific several thousands of kilometres away when a war is waging just a little more than a thousand kilometres away in Eastern Europe.

Sending such a force could signify a German presence in the region. But to say that a thousand or so German soldiers could possibly make a difference against the People’s Liberation Army of China is ludicrous, even if alongside Japan and the US. In this way, although the German-Japanese alliance is not a credible threat to Russia and China, it is an expression of intention that they will collectively pressure and provoke the two countries.

China’s success in reconciling Saudi Arabia and Iran huge blow to US hegemony

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Reconciliation opens the path for Saudi Arabia and Iran to join BRICS.

Ahmed Adel, Cairo-based geopolitics and political economy researcher

After agreeing with Saudi Arabia in December to buy its oil for Chinese yuan instead of just US dollars, while at the same time Russia is successfully cooperating with Saudi Arabia and Iran in the oil sector, Beijing is helping a historic reconciliation between the two major Muslim countries.Chinese efforts are all the more impressive when consideringthe persistent efforts of the US to cause conflict between thetwo countries instead of reconciliation.

It is hoped that reconciliation will lead to a huge blow to the hegemony of the US dollar. In Beijing on March 17, followingnegotiations in Iraq and Oman during the previous two years, China, Iran, and Saudi Arabia announced an agreement which includes the restoration of diplomatic relations, a confirmation of respect for the sovereignty of states and non-interference in their internal affairs, and agreements on security, economy, trade, investment, science and culture.

In short, with the mediation of China, the two regional powers, often framed as having a Sunni-Shi’a rivalry, made it official that they are embarking on a new path of improving relations instead of further spoiling them for the sake of serving Western interests that are contrary to the interests of the Islamic World. 

Therefore, it is quite clear who the Chinese Ministry of Foreign Affairs had in mind when it announced that overcoming differences between Iran and Saudi Arabia will have a “beneficial effect on freeing the countries of the region from external interference” – evidently this is in reference to the US. As Beijing highlighted, these two countries have now “taken their own destiny into their own hands,” adding that their agreement “corresponds to epochal development trends.”

Chinese Foreign Minister Wang Yi, who was recently in Moscow and confirmed that Russia-China relations are reaching new frontiers in building a multipolar world,emphasised that the agreement between Riyadh and Tehran represents “a victory for dialogue and peace.”

In a China Global Television Network (CGTN) article published on March 13 and titled: “Why Iran and Saudi Arabia trust China?”, the author highlights that “dialogue between Tehran and Riyadh has unfolded as negotiations took place in Iraq, where the two countries reached an important consensus. Meanwhile, the main regional

allies of Iran and Saudi Arabia, such as the United Arab Emirates and Kuwait, have restored diplomatic relations in 2022. Hence, the resumption of diplomatic relations between Iran and Saudi Arabia also is only a matter of time.”

The author’s belief in the resumption of diplomatic relations proved to be true only days after the article’s publication. The resumption signifies that a new era has dawned in the Middle East, and even more broadly when we consider the effects this could have on the hegemony of the US dollar. 

The US has been the dominant force in the Middle East since the end of British and French colonialism in the 1940’s. The region has been in a constant state of war since then, with the US now maintaining 30 military bases in the Middle East – five of them in Saudi Arabia.

For the US that relies on its global network of military bases to maintain hegemony, Beijing is showing non-Western countries how a multipolar world can function with great power diplomacy based on agreements and reconciliation, and not rooted in the idea that “might is right,” like Washington adopts.

It is noted that the day before the reconciliation in Beijing, the head of Saudi diplomacy, Prince Faisal bin Farhan al Saud, visited Moscow unannounced. And a week earlier, on March 6, Russian President Vladimir Putin spoke by phone with his Iranian counterpart Ebrahim Raisi, who visited Beijing in mid-February. After that, Wang Yi was in Moscow. This suggests that although China was the main broker of peace between Saudi Arabia and Iran, Russia certainly played a role in reconciliation efforts. 

Russia, Iran, and Saudi Arabia are three leading oil and gas producers and are accelerating their search for payment mechanisms to bypass the US dollar. China, for their part, is already discussing such arrangements with Saudi Arabia and Iran. 

The decline of the US dollar as a world currency will weakenthe American economy and military power. This in turn willcripple the US’ ability to wage perpetual wars abroad and impose its global hegemony.

Just as importantly, reconciliation between Saudi Arabia and Iran can be seen as a precursor to eventually joining BRICS in the near future. It is recalled that BRICS plans to decide this year whether to admit new members and under what conditions. 

Although BRICS collectively accounts for 42% of the world’s population and 24% of the world’s gross domestic product (GDP), they collectively hold less than 15% of voting rights in both the World Bank and the International Monetary Fund, which are Western dominated. By admitting Saudi Arabia and Iran, BRICS’s global status will be elevated even higher as a symbol of not only peace and reconciliation, but also a path to prosperity independent of Western domination. 

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