The BRICS Alliance

You have American financial dominance in the world which comes through the petro-dollar system and the fact that the US is the world’s reserve currency, and the US has control of the SWIFT system for exchange of currencies. All of those things give America a huge advantage in the economic sphere. It means that if you want to buy oil, for example, you have to a country wants to buy oil from Saudi Arabia, they have to buy dollars and then with their dollars they buy the oil and. These are not small sums; these are billions of dollars. It actually gives America a big advantage and one of the reasons why America has had to be able to keep its very high standard of living even though it has a debt of 38 trillion dollars and rising which is an astronomical figure is because of this setup. Now, the BRICS policy and Putin’s policy is to break this this arrangement so that American financial dominance will dissolve.

#BRICS #China #russia #SignsOfTheTimes #thedollar #usa

https://lightforthelastdays.co.uk/articles/globalisation/the-brics-alliance/