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The Digital Dollar vs. BRICS: How Central Bank Currencies Will Enslave-Or Liberate-The Global South

Introduction

The US Federal Reserve just announced plans for a digital dollar—a move they claim will “modernize finance.” But buried in the fine print: Total control over every transaction on Earth. Meanwhile, China and BRICS race to launch their own digital currencies to break Western dominance. This isn’t about convenience—it’s the final battle for financial sovereignty.

1. The Digital Dollar: Financial Surveillance on Steroids

What It Is:

  • A government-issued Central Bank Digital Currency (CBDC)

    Image 1: IMF provides central bank blueprint for CBDC decisions
  • Every dollar tracked in real-time (no cash, no privacy)

    Image 2: Cryptocurrencies spark concerns about privacy and freedom. Additionally, their rollout might pose challenges for fintech companies, big banks, the crypto industry, and – if you’re investing in any of them – your portfolio.
  • Programmable: Authorities can freeze funds or impose spending limits

    Image 3: Governments can freeze accounts or impose sanctions

    Hidden Agenda:

    • Crush sanction evaders (Iran, Russia, Venezuela) by killing “black market” dollar trades.

    • Eliminate cash—forcing all transactions into traceable digital wallets.

    • Social control: Imagine your money disabled for protesting, buying “unapproved” goods, or donating to Palestine.

    Shocking Fact: The Fed’s 2022 pilot program already tested automatic tax deductions from digital wallets.

According to the Bank of International Settlements, 93% of the world’s central banks have launched studies of digital currencies, and 15 CBDCs are expected to circulate publicly by 2030 (you can track their progress with this online tool). Some say it’s a sign that central banks are essentially all fighting for control of their monetary systems, with the crypto market becoming more of a challenge to fiat currencies and threatening the tools central bankers rely on to control their economies. (https://www.aberdeenplc.com)

2. BRICS Strikes Back: The Digital Gold Standard

China’s Digital Yuan (DCEP):

  • Already used in $250B+ transactions (2024 data)

  • Bypasses SWIFT—trades oil with Iran/Saudi in yuan

  • No sanctions risk: US can’t freeze what it doesn’t control

BRICS’ Gold-Backed Currency:

Image 4: Gold-backed digital currency could be a game-changer for Brics

 

  • Coming 2025–2026 (leaked Kremlin docs)

  • 1:1 gold reserves—direct challenge to fiat dollar monopoly

  • Venezuela/Iran and others under US’ sanctions, will use it to escape US embargoes

Killer Quote:
“The digital yuan isn’t about technology—it’s about deleting America’s veto on global trade.”
—Former PBOC Governor

3. The EU’s Digital Euro: A Wolf in Sheep’s Clothing 

  • “Climate” controls: Transactions capped for carbon footprints

  • Mandatory expiration dates (stimulus money usable only for 3 months)

  • Tied to social credit: French trials blocked purchases of “unhealthy” food

Irony Alert: The same EU that condemns China’s social credit system is building its own.

4. The Nightmare Scenario: A Digitally Colonized World

For the Global South:

  • No more dollar black markets = No way to bypass sanctions

  • IMF loans auto-deducted from national CBDC reserves

  • US/EU could remotely strangle economies (e.g., cut Nigeria’s access to digital dollars)

For Citizens:

  • Your savings programmable (e.g., “Use by 2025 or lose it”)

  • Political dissent = Financial death (frozen wallets)

  • Total consumption surveillance (buy Bitcoin? Flagged.) Quote Google AI:

    Potential for Surveillance:
    • Detailed Transaction Data:
      CBDCs, unlike physical cash, can record every transaction, including the amount, time, and location.
    • Centralized Data:
      A CBDC system could centralize this data with the central bank or other financial institutions, creating a massive database of spending habits.
    • Government Access:

      Concerns exist that governments or other entities could access this data for surveillance purposes, potentially tracking individuals’ movements, consumption patterns, and political affiliations. 

    Privacy Concerns:
    • Data Breaches:

      The concentration of sensitive data in a central location raises the risk of data breaches and cyberattacks, potentially exposing individuals’ financial information. 

    • Misuse of Data:

      Even without breaches, there are concerns about how the data might be used, such as for targeted advertising, credit scoring, or even political profiling. 

    • Erosion of Trust:
      Public distrust in the system could erode if people fear their spending habits are being monitored.

    5. The Escape Routes: Who Will Win?

    Option 1: Digital Dollar Hegemony

    Image 5: Assessing Digital Challenges to Currency Hegemony with the case of Digital RMB and Dollar Dominance
    • financial NATO where the US/EU dictate all trade

    • Sanctions 2.0: Any country can be economically nuked in seconds

    Option 2: BRICS Gold-Backed System

    Image 6: For years Brics countries amassing gold, signaling a delibrate move away from the US Dollar’s golbal dominance
    • Return to hard assets (gold, commodities)

    • Africa/Latin America finally escape IMF debt traps

    • The end of exorbitant dollar privilege

    Wild Card: Bitcoin

    • Decentralized, uncensorable—but can it scale before CBDCs dominate?

      Image 7: operates independently of a central bank

       

      Conclusion: The Financial Iron Curtain Descends

      The digital dollar isn’t progress—it’s economic warfare. BRICS knows this and is fighting back with gold. The question isn’t if the old system dies, but whether we’ll be slaves to a digital Fed or citizens of a multipolar world.

      Time to choose sides.

     

 

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China’s Gold-Backed PetroYuan Just Fired the Dollar’s Funeral Shot

  1. The Petrodollar’s Original Sin

    How the U.S. forced oil trades in dollars (1971-2023);

    1. The 1970s: Birth of the Petrodollar

    • 1971: Nixon ended the Bretton Woods system, decoupling the dollar from gold.

    • 1973-74: The U.S. struck a secret deal with Saudi Arabia (via the U.S.-Saudi Arabian Joint Commission) ensuring that oil would be priced and traded exclusively in USD.

      • In exchange, the U.S. offered military protection and investments in Saudi infrastructure.

      • Other OPEC nations followed, making the dollar the global oil currency.

    2. Enforcement: Sanctions & Wars

    The U.S. has used economic and military power to maintain dollar dominance:

    • Iraq (2000): Saddam Hussein switched oil sales to euros; the U.S. invaded in 2003.

      Image 1: An American Obsession
    • Libya (2011): Gaddafi planned a gold-backed African dinar for oil; NATO intervened.

      Image 2: The US Helped Murder Gaddafi to Stop the Creation of Gold -Backed Currency | by Evangelos
    • Venezuela & Iran: Both tried selling oil in non-dollar currencies (euros, yuan, crypto) and faced severe sanctions.

      Image 3: Venezuela and Iran hold the largest and third-largest petroleum reserves in the world, respectively. Both have also been targeted for regime change by Washington

    3. Recent Challenges (2020s)

    • Russia & China: Now trading oil in yuan, rubles, and local currencies.

      Image 5: Russia dropping US dollar for Chinese yuan
    • BRICS Nations: Pushing for de-dollarization in oil trade.

      Image 6: BRICS+ nations determined to trade in their own currencies – Asia Times

       

      • It was never about trade—it was about control;

        1. The Real Motive: Locking the World into Dollar Dependency

        • Oil is the lifeblood of industrial economies. By forcing oil to be traded in dollars, the U.S. ensured that every country needed massive dollar reserves to buy energy.

        • This created permanent demand for the dollar, allowing the U.S. to:

          • Print money without hyperinflation (since dollars were always needed).

          • Run massive deficits (other nations had to absorb dollar inflation).

          • Control global finance (via SWIFT, sanctions, and Federal Reserve policies).

        Evidence:

        • Former French President Valéry Giscard d’Estaing called this the “exorbitant privilege” of the U.S. dollar.

        • Declassified Nixon-era memos show U.S. officials explicitly discussing how oil-dollar recycling would “maintain U.S. financial supremacy.”


        2. Enforcement: Coercion, Not Free Markets

        The U.S. didn’t just “convince” countries to use dollars—it punished those who resisted:

        • Iraq (2000-2003): Saddam switched oil sales to euros. The U.S. invaded, toppled him, and switched Iraq back to dollars.

        • Libya (2011): Gaddafi planned a gold-backed African dinar for oil trade. NATO bombed Libya, he was killed, and the dinar died with him.

        • Venezuela & Iran: Both tried selling oil in yuan/euros/crypto—crushed by sanctions.

        Key Quote:

        • Alan Greenspan (former Fed Chair) admitted in his memoir:

          “The Iraq War was largely about oil… and the dollar’s role as the reserve currency.”


        3. The Ultimate Goal: Preventing Any Alternative System

        • Any country that tried to bypass the dollar was isolated, sanctioned, or attacked.

        • The U.S. pressured Europe & Asia to reject alternatives (e.g., China’s yuan oil futures).

        • Central banks were forced to hold dollars (or risk losing access to oil markets).

  2. China’s Checkmate Moves

    • 2023: Saudi Arabia accepts yuan for oil.

    • 2024: Russia-Iran-China form “gold-backed oil triangle.”

    • Data: PetroYuan trades up 1,200% since 2018.

  3. The Dollar’s Collapse Symptoms

  4. What’s Next?

More sources:

– PetroYuan oil trades (2018 vs. 2024) https://apjjf.org/2018/22/mathews

– China’s oil partners (Saudi, Russia, Iran, Venezuela) https://www.energypolicy.columbia.edu/publications/chinas-oil-demand-imports-and-supply-security/

Image 9: China oil partners

 

Image 10: RIP PetroDollar (1971-2024)