In 2022, the U.S. froze $300 billion of Russia’s reserves—a fatal mistake. BRICS nations saw the future: dollar = weapon. Now, they’re building an escape hatch. This is how the financial empire falls.
1. The Dollar’s Three Crimes
A. The Petrodollar Scam
1971: Nixon ditches gold, forces oil trades in dollars.
Image 1: Richard Nixon’s actions in 1971 to end dollar convertibility to gold and implement wage/price controls were intended to address the international dilemma of a looming gold run and the domestic problem of inflation.
Result: Global demand for dollars props up U.S. debt addiction.
Image 2: The U.S. Debt Crisis: A Global Threat and the Search for New Solutions
B. Financial Terrorism
SWIFT bans on Iran/Russia exposed dollar as a tool of coercion.
Image 3: Iran and Russia to link banking systems to bypass sanctions(Swift)
Example: 2023 Saudi Arabia accepts yuan for oil—first crack in the petrodollar.
Image 4: Saudi Arabia ‘open’ to petroyuan, closer China ties
2. BRICS’ Counterstrike
A. The Gold Play
Russia’s gold reserves up 300% since 2014.
Image 5: According to the Bank of Russia data, the value of its gold reserves has surged by 72%, since the beginning of 2022.
BRICS rumor: Gold-backed trade currency by 2025.
Image 6: BRICS Alliance on the Cusp of a Gold-Backed Currency: A Revolutionary Shift in Global Financial Architecture
B. Trading Without Dollars
China-Russia: 90% of trade in yuan/rubles.
Image 7: The role of the national currencies is to protect economies of China and Russia from the instability of the American dollar; (By May 16 2024)
India-UAE: Rupee-dirham deals bypass USD.
Image 8: The UAE and India have reached a historic agreement which will enable businesses on both sides to bypass the US dollar or any other foreign currency and trade directly in UAE dirhams and the Indian rupee.
C. The New Banks
New Development Bank (NDB): Funds infrastructure without IMF strings.
Image 9: Are the BRICS and their New Development Bank offering alternatives to the World Bank, the IMF and the policies promoted by the traditional imperialist powers?
Image 10: The NDB was established to mobilize resources for infrastructural projects across the world, participating through credits, partnerships and other financial instruments.
3. Who’s Abandoning the Dollar?
Country
Anti-Dollar Move
Saudi Arabia
Sells oil in yuan, joins BRICS+ talks.
China
Dumps $200B in U.S. bonds, hoards gold.
Brazil
Pays China in yuan, not dollars.
Ethiopia
Newest BRICS member—drops dollar trade.
4. Washington’s Panic Moves
Threats: U.S. sanctions BRICS members (e.g., Venezuela’s gold blocked).
Image 11: Trump repeats tariffs threat to dissuade BRICS nations from replacing US dollar (Reuters) Fri, January 31, 2025
Propaganda:“BRICS will fail!” (while 30+ nations apply to join).
Image 12: Bloomberg: Putin fails to turn BRICS into anti-Western bloc (22.10.2024)
5. The Endgame
2025: BRICS+ expands to 40 nations (Nigeria, Thailand, Indonesia).
Image 14: Map of BRICS members and other countries which are either joining, had applied to join, or had expressed an interest in joining BRICS(30 July 2023)
