Setting the stage for Our GCR, a seismic shift is underway in the global financial arena as new geopolitical alliances challenge the dominance of the US Dollar-based monetary system. With China’s expansion in Riyadh and Egypt’s pursuit of BRICS membership, a paradigm shift is on the horizon. Brace yourself for a provocative exploration of how these alliances aim to reset the global financial order, offering an alternative to the US Dollar and reshaping the balance of power in the world economy. The winds of change are blowing, and the implications are profound.
Now is a good time to summarize what’s been happening so far ahead of the upcoming 2023 Annual BRICS Summit in August.
Key Facts
- The Middle East’s sovereign funds are projected to reach $10 trillion by 2030.
- China anticipates receiving between $1 trillion and $2 trillion in investment inflows from the Middle East.
- Egypt joined the BRICS New Development Bank, which could help the country address its economic crisis – shunning the IMF.
- More than a dozen new countries have expressed interest in joining BRICS over the past few months alone.
- BRICS foreign ministers expressed willingness to admit new members, including Saudi Arabia.
- The Bank of China is set to open its first branch in Riyadh, Saudi Arabia by November 2023.
- The Bank of China aims to introduce the Chinese yuan to the world and promote its use in commercial transactions.
- Egypt has officially applied to join the five-member BRICS bloc of emerging economies.
- Egypt is interested in BRICS’ initiative to maximize trade transfers to alternative currencies and potentially create a joint currency.
- Egypt is planning to pay for imports from India, China, and Russia in their local currencies instead of the US dollar.
- Strategically-improtant Middle-eastern nations including Saudi Arabia, the UAE, Algeria, Egypt, Bahrain, and Iran have all formally asked to join BRICS.
- The Hong Kong Stock Exchanges and Clearing Ltd predicts that more than 10 to 20 percent of the Middle East’s sovereign funds will be invested in China.
In a rapidly changing world, new geopolitical alliances are forming as a transformative response to the existing global financial order dominated by the US Dollar-based fiat currency system. These alliances are driven by the goal of offering an alternative, asset-backed monetary system that challenges the hegemony of the US Dollar and resets the global financial and currency system. This article delves into the motivations behind these alliances and explores how they seek to reshape the global financial landscape, offering a more diversified and multipolar approach to global governance.
The Bank of China Expands in Riyadh: An Alternative to the US Dollar
The Bank of China’s decision to open its first branch in Riyadh represents a significant step towards establishing an alternative to the US Dollar-dominated monetary system. By introducing the Chinese yuan as a global currency and promoting its use in commercial transactions, China aims to challenge the US Dollar’s role as the primary global reserve currency. This move encourages other countries to consider diversifying their currency holdings and reduces their dependence on the US Dollar. As China strengthens its economic ties with the Arab world, this alliance poses a substantial challenge to the existing financial order.
Egypt’s Pursuit of BRICS Membership: A Shift in Trade Mechanisms
Egypt’s official application to join BRICS signifies its intention to be part of an alliance that seeks to reset the global financial and currency system. BRICS countries, including Brazil, Russia, India, China, and South Africa, are actively engaged in maximizing trade transfers to alternative currencies and exploring the creation of a joint currency. Egypt’s interest in joining BRICS reflects its desire to reduce its reliance on the US Dollar and seek alternative trade mechanisms that promote financial independence and stability. By diversifying payment mechanisms and forging closer economic ties with BRICS nations, Egypt aims to recalibrate international trade and contribute to reshaping the global financial landscape.
BRICS: Catalyst for a Paradigm Shift in Global Finance
BRICS, with its vision of a more inclusive multilateralism, aims to reset the global financial landscape by challenging the dominance of Western-dominated institutions. The bloc, through its willingness to admit new members, including Saudi Arabia, seeks to rebalance the global order and provide a platform for nations to assert their economic sovereignty. By fostering partnerships and collaboration among member countries, BRICS offers an alternative framework for global governance that accommodates diverse interests and perspectives. The potential expansion of BRICS membership and the interest from nations worldwide signals a paradigm shift in the global financial and currency system.
Economic Implications: Redefining Investment Patterns and Currency Usage
As new alliances emerge, the economic implications reverberate throughout the global financial system. China stands to benefit from the Middle East’s sovereign funds, which are projected to reach $10 trillion by 2030. The redirection of a significant portion of these funds towards investments in China provides an alternative investment avenue and diversifies away from traditional Western markets. Furthermore, Egypt’s plans to trade in local currencies with countries like India, Russia, and China present an opportunity to reduce dependency on the US Dollar and establish a more diversified and robust trade ecosystem. These shifts in investment patterns and currency usage reset the balance of economic power and contribute to the ongoing transformation of the global financial landscape.
Summary
The formation of new geopolitical alliances and the pursuit of alternative monetary systems mark a significant shift in the global financial and currency system. By challenging the US Dollar-dominated fiat currency system, these alliances aim to reset the global financial landscape and promote a more diversified and multipolar approach to global governance. The Bank of China’s expansion in Riyadh, Egypt’s pursuit of BRICS membership, and the growing interest from nations worldwide reflect a desire for financial autonomy and the need to redefine trade mechanisms. As these alliances gain momentum and control over essential resources, such as energy and rare earth minerals, they contribute to reshaping the geopolitical dynamics and offer an alternative to the US Dollar-based monetary system. The global financial order is undergoing a transformation, and the rise of these new alliances signifies a resetting of the global financial and currency system towards a more balanced and interconnected future.
Source: GCR Real-Time News
2 responses to “The Rise of New Geopolitical Alliances Uniting to Replace Fiat Currencies and Resetting the Global Financial Order”
Are there also possible other scenarios than total world collaps?
Also I heard in 1971 usa went bancrupt too thats why they went off gold standard to oil standard ,it didnt shocked world much
I mean everything is bacrupt now also including corporations(having lots of debt,buybacks madness few years ago and now the rates killing them ,the same goverents and mortgages(unrealized loses because of interest rate spikes)
Couldnt they simply also do the transition,simply rv gold and thats it?Where is the problem to do that,they switched from gold to oil previously,couldnt they just put other,maybe basket of commodities to back money?)Why oil yes and gold no,its T1 commodity and oil isnt T1 commodity even
Is it about that gold owners will be new bosses in town,is that their worry?
To be clear, I am not saying the the “World will collapse”. I am specifically speaking about a collapse of the Fiat Currency Debt System. There are always “possible” scenarios to transition to Our GCR without a fiat financial system collapse yet none of the alternatives are very “probable” without severe, unintended consequences.
Think about what would happen if a new monetary and currency system were forced onto the world. There would be massive rebellions and chaos among the global population. We should keep in mind that most of humanity is not aware of Our GCR and its beneficial purpose. We do, but most are completely in the dark. The current global Elite gain all of their power and wealth from the Fiat System. They will not relinquish this control willingly and would use all their propaganda resources in the mainstream media to create unparalleled resistance and likely institute Totalitarian control, all in the name of public safety. They would use chaos and fear to the maximum extent possible – and most of the population would comply (as they did during their “pandemic”).
The most plausible way to bring Our GCR online is by introducing it as a sound and viable alternative when it becomes totally clear to everyone that the current Fiat Debt System has failed beyond all hope of fixing it. At that point, Our GCR can be peacefully and successfully transitioned into.
We will likely see the re-valuation of gold in some regions as a precursor to the collapse of the current Fiat System (The BRICS+ Alliance). I know that the European Union is prepared for a gold re-valuation when Fiat Currencies begin to fall one-by-one (likely beginning with the Japanese Yen). Yet the final collapse of the Fiat System will not come until the Fiat US Dollar begins its final free-fall. However, there isn’t enough on-ledger gold to successfully re-value the world’s currencies without causing hyper-inflation across the global economy. That is why the off-ledger GCR gold is required.
Commodities like oil, natural gas, aluminum, copper, iron ore, wheat, soy, corn, sugar, rare earth elements and silver, all contribute to a country’s GDP (Gross Domestic Product). But their value is subject to the market forces of supply and demand. For instance, a drought can decrease the supply of agricultural commodities and an economic recession can decrease the demand for oil causing large price swings. Gold is not a typical commodity. It cannot be created or destroyed by economic or natural forces. The earth doesn’t create gold. Gold is only created by stellar supernovae. It can be dug up from the earth but there will never be more or less of it on earth. Of course gold can be hidden away in caves, but it’s still there. Gold cannot be burned away, it doesn’t oxidize (rust or corrode), it doesn’t evaporate or decompose, and it can’t be consumed or blown up. Gold is very unique. This is why gold has always been used as a store of value (real money) for 6,000 years and also why Gold (not Oil or other commodities) is a Tier 1 Banking Reserve Asset (reinstated under Basel 3 Accords).