The Rise of BRICS As the West Weaponizes SWIFT

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As the West destroys its financial power, having weaponized SWIFT, the global financial system, BRICS threatens to become its replacement.

As the West destroys its wealth and energy system, the bloc is gaining global standing.

Foreign Minister Sergey Lavrov spoke at a meeting with his Indian counterpart Subrahmanyam Jaishankar on Tuesday. Lavrov indicated that BRICS membership is in high demand.

“The interest in this global association is very, very high and continues to grow,” he said. He confirmed that “more than a dozen” countries, including Algeria, Argentina, and Iran, are eager to join.

Algeria is Europe’s largest provider of natural gas after Russia and Norway. Algeria has the 11th largest gas reserves in the world. BRICS is turning into the world’s source of commodities. If they can figure out a BRICS currency, it will severely damage the dollar and the euro. BRICS is challenging the US Dollar reserve currency status.

At the same time, the EU has been begging Algeria for gas.

Is this the real reason the US wants to destroy Russia?

BRICS intends to reach an agreement on criteria and principles before further potential expansion.

“Given that applications are already being submitted officially, we, of course, expect that harmonization of the criteria and principles for the expansion of BRICS won’t take too long,” he said.

BRICS is an international socio-economic and political forum that incorporates Brazil, Russia, India, China, and South Africa. It accounts for over 40% of the global population and nearly a quarter of the world’s GDP. These are developing nations, and that figure will increase.

Algeria applied for membership. Also under consideration for membership are Saudi Arabia, Trkiye, Egypt, and Afghanistan.

Biden threatened  Saudi Arabia, and that hasn’t worked out very well. Great job, Biden Democrats. This isn’t sensitive material.


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The Prisoner
The Prisoner
2 months ago

Notice that the “leaders” in the USA never mention the jeopardy of this. They act more like saboteurs. Important issues are swept aside, but by golly we must support Ukraine over all else. I expected BRICS to have more people and GDP than that. Anyhow, our economic alliance SWIFT leads by far in another important figure – debt. If Brazil announces its election was invalid (an entirely legal move based on its constitution) then next week when the Brazil commies visit our commies Biden can further alienate Brazil and push it into the other alliance. That also would be ignored by our saboteurs.

Scare of Future
Scare of Future
2 months ago

What happens to Brazil in the BRICS group now that Lula has been elected by Cartels?

The Prisoner
The Prisoner
2 months ago

It seems that election will be nullified.

Steven
Steven
2 months ago

Nothing. Lula will be first in line, since they all are united in hating the Yankee dollar.

GuvGeek
GuvGeek
2 months ago

If the Dollar is no longer the Reserve Currency, the US will collapse and we will be a 3rd World Country almost overnight.