GCR Fast Lane: A Likely Merger Between BRICS and The SCO

Rather than posting constant, random news articles that leave you guessing about their relevance to Our GCR, I prefer to research global, real-world financial news and then break it all down with contextual meaning to Our GCR and its forthcoming reality. I endeavor to also provide the details in my articles that ground and support my GCR reports. My goal has always been to provide unique and thought-provoking content. The following is based on my latest research.

A Continuing Backdrop to Bring Our GCR into Reality

We cannot ignore what’s happening in geoeconomics outside of the G7 Western world and its profound implications for Our GCR. The likely convergence of BRICS and the Shanghai Cooperation Organization (SCO), along with the launch of a gold-backed cross-border currency, has the potential to trigger a global monetary system alternative to the US Dollar fiat system.

A BRICS and SCO merger, or strategic alliance, combined with an expanding BRICS+ membership and the widespread interest in joining, sets the stage for a transformative Global Currency Reset. As the world watches these developments unfold, the existing financial order may face unprecedented challenges, paving the way for a new era of international finance and a re-balancing of global economic power.

As we anxiously await the upcoming BRICS Summit in Johannesburg this August, rumors suggest that a groundbreaking announcement regarding a new trade settlement currency is on the horizon. This bold move, which could potentially challenge the dominance of the US dollar, aims to establish a transnational trade currency for BRICS, the SCO, and the Eurasian Economic Union.

By avoiding the constraints of individual member states’ interests, this currency would ensure a balanced reserve status. While the initial announcement may not explicitly mention gold, speculation abounds that tying the new currency to this precious metal is the most practical strategy. Brace yourself as we delve into the details and implications of this potential game-changer.

The Path to a New Currency

• Preliminary Announcement: The upcoming BRICS Summit may witness the preliminary announcement of the new trade settlement currency, but it’s unlikely to delve into the specifics of gold-backed plans at this stage.
• Designing the Currency: Expanding on the existing committee of the Eurasian Economic Union (EAEU), it would be logical for China to play a more direct role in designing the currency. This collaborative effort would facilitate tying the currency to multiple commodities and national interests, with gold being a prominent candidate.

Expanding BRICS Membership

• Diverse Political Interests: The Johannesburg summit highlights an increasing wave of nations seeking BRICS membership. However, agreement from the existing members may not come easily due to their diverse political interests. China and Russia might need to exert influence or establish a separate membership category, such as associates, to accommodate new applicants.
• Growing Interest: Formal applications have been submitted by Algeria, Argentina, Bahrain, Bangladesh, Egypt, Indonesia, Iran, Saudi Arabia, and the United Arab Emirates. Additionally, numerous nations including France, Afghanistan, Belarus, Comoros, Cuba, Congo, Gabon, and more have expressed an interest. In total, an expanded BRICS could encompass 35 nations, representing 64% of the world’s population and 33% of global GDP.

The French Factor

Macron’s Expression of Interest: President Macron’s reported application to attend the Johannesburg summit, though denied, sends a strong message of France’s desire to break away from the American line. Notably, French conglomerate TotalEnergies’ recent sale of LNG to China in yuan instead of dollars further signals France’s independence from petrodollars.

The SCO-BRICS Merger

• China and Russia’s Advantages: Integrating the Shanghai Cooperation Organisation (SCO) with BRICS would provide China and Russia significant advantages. This collaboration would establish a trade bloc far surpassing the US and EU in size and scope, potentially leading to an EU schism and strengthening Asian hegemony. Moreover, it would render Western sanctions futile and allow for complete independence from the dollar and fiat currencies.
• Military and Intelligence Cooperation: Merging the SCO and BRICS would also facilitate military and intelligence cooperation in combating terrorism, drawing on the lessons learned from the Middle East conflict. The region’s peace was restored after Saudi Arabia aligned with China, influencing US policies.

Nations that have formally Applied for BRICS Membership

1. Algeria
2. Argentina
3. Bahrain
4. Bangladesh
5. Egypt
6. Indonesia
7. Iran
8. Saudi Arabia
9. United Arab Emirates

Nations that have expressed Interest in Joining BRICS

1. Afghanistan
2. Belarus
3. Comoros
4. Cuba
5. Congo
6. Gabon
7. Guinea-Bissau
8. Honduras
9. Kazakhstan
10. Nicaragua
11. Nigeria
12. Pakistan
13. Senegal
14. Sudan
15. Syria
16. Thailand
17. Tunisia
18. Turkey
19. Uruguay
20. Venezuela
21. Zimbabwe

Note that Iraq is absent from the above lists which likely indicates their continued domination by the United States and also their ongoing economic instability. It is also interesting the Kuwait is not on the list either given that Iraq and Kuwait are the only two OPEC member nations not pivoting towards BRICS+ participation.

Will this be a Potential Trigger for Our GCR?

The convergence of the BRICS and SCO alliances, coupled with the potential launch of a gold-backed cross-border currency, presents a compelling case for the establishment of a global monetary system alternative to the US Dollar and sets the stage for a true Global Currency Reset (Our GCR).

The following factors contribute to this argument:

1. BRICS Expansion and Interest: The interest expressed by numerous nations, including formal applications from Algeria, Argentina, Bahrain, Bangladesh, Egypt, Indonesia, Iran, Saudi Arabia, and the United Arab Emirates, showcases the growing appeal and relevance of the BRICS alliance. With an expanded membership, encompassing a significant portion of the world’s population and GDP, BRICS is poised to challenge the existing financial order.
2. SCO as a Catalyst: The inclusion of SCO member states and observer nations among the BRICS applicants highlights a coordinated effort to merge or integrate these two alliances. China and Russia, the driving forces behind BRICS and key SCO members, stand to benefit from integrating the two organizations. This collaboration would establish a massive trade bloc that transcends the size and influence of the US and EU, potentially triggering an EU schism and strengthening Asian economic dominance.
3. Gold-Backed Currency: The potential launch of a gold-backed cross-border currency, primarily tied to the interests of multiple nations, signifies a fundamental shift away from the US Dollar fiat system. Gold, a historically recognized store of value, provides stability and mitigates the risks associated with currency manipulation. By pegging the new currency to gold, BRICS and SCO members aim to establish a credible alternative to the existing monetary system.
4. Global Currency Reset (GCR): The combination of a unified BRICS-SCO alliance and the introduction of a gold-backed currency lays the groundwork for a broader Global Currency Reset – including the United States and the European Union. This reset would involve a revaluation of currencies, potentially leading to a realignment of global economic power and a redistribution of wealth. The GCR has been a topic of speculation and discussion, and the convergence of BRICS and SCO initiatives could serve as a catalyst for its worldwide implementation.

Conclusion

As the date of the BRICS Summit draws near, the anticipation for a groundbreaking announcement regarding a new gold-backed trade settlement currency intensifies. The expansion of BRICS membership, a potential SCO-BRICS merger, and the looming threat to the dollar’s dominance all contribute to the significance of this upcoming event. As the world watches, the balance of power in global markets could undergo a seismic shift, forever altering the landscape of international finance and trade.