The BRICS+ nations have been holding a summit this week. It is reported that 126 nations are now involved. Matters such as agriculture, increased cooperation, technology, and bypassing the US dollar were topics:

South Africa calls for greater focus on agricultural trade at BRICS summit
August 29, 2024
Chief Economist at the South African Agricultural Business Chamber (Agbiz), has emphasised the urgent need for agricultural trade to be prioritised … According to him, with the recent inclusion of the new BRICS members, there is ample opportunity to expand agricultural exports. https://tvbrics.com/en/news/south-africa-calls-for-greater-focus-on-agricultural-trade-at-brics-summit/
BRICS inspiring African nations group ambassador
August 29, 2024
The group is encouraging countries of the continent to challenge Western influence, Samsondeen Olagunju has said
BRICS has become a significant source of motivation for many African countries, encouraging them to assert their independence and challenge Western influence, the International Municipal BRICS (IMBRICS) ambassador in Nigeria has told RT in an exclusive interview. …
Speaking on the sidelines of the IMBRICS forum, a gathering of local governments and municipalities from BRICS members held in Moscow, Olagunju discussed the positive impact that the group has had on the African continent.
“This cooperation has been a source of motivation to so many countries, especially in Africa,” he said. He explained that BRICS had demonstrated to the nations of the continent that they can thrive, even in the face of Western sanctions. “We only needed someone to show us the light. And the BRICS bloc so far has shown the light in Africa.” https://www.bignewsnetwork.com/news/274534730/brics-inspiring-african-nations-group-ambassador
August 29, 2024
The BRICS Faculty will open in Synergy University. This was announced by the rector of the university Artem Vasiliev at the VI International Municipal Forum of the BRICS countries.
Synergy University co-organized a session on the role of educational diplomacy in the development of cooperation between the BRICS countries. … “Following the meeting of the Ministers of Education of the BRICS countries in In Kazan, it was decided to expand the formats of interaction between partners. Thus, it is planned to organize a pilot international Olympiad, which will provide an opportunity for segmented selection of applicants to study at Russian universities. We are also developing an alternative university rating system, holding a forum for young scientists, and a competition for young innovators,” Olga Petrova added. https://www.akm.ru/eng/press/synergy-university-to-open-faculty-of-brics-countries/

Many nations are frustrated with the bullying by the United States–or what Hillary Clinton referred to as “soft power” when she was US Secretary of State. The pressures from the US have helped nations band together–and they want to decrease US influence, particularly also its financial influence.

Here is a little bit about BRICS+:

August 28, 2024
Initially formed as “BRIC” – Brazil, Russia, India, China – and subsequently becoming “BRICS”, with the addition of South Africa,[1] this group of countries constitutes a unique coalition of emerging economies that collectively represent a significant counterbalance to the established economic powers of the West. …
The idea of economic cooperation among BRICS members is not just theoretically appealing but is already being explored through various initiatives. For instance, the creation of joint infrastructure for mutual trade, such as commodity exchanges and logistics centers, is under discussion and some preliminary steps have been taken. …
Looking ahead, further steps could be taken to deepen economic cooperation within BRICS. These could include the full realization of joint infrastructure projects like commodity exchanges and logistics centers, as well as the development of more active industrial policies. …
The diversity of BRICS member states and the divergence in some of their policies is a challenge, yet this very diversity is what makes BRICS a unique and potentially transformative coalition. By leveraging their collective strengths and addressing their weaknesses, BRICS countries can play a pivotal role in shaping a more inclusive and multipolar world order.
In this scenario the BRICS+ initiative, which aims to expand the group by including several other emerging economies – namely Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates – reflects the recognition of the need for greater inclusivity and collaboration in addressing global challenges. https://katoikos.world/analysis/brics-navigating-a-complex-economic-and-political-landscape.html
August 28, 2024
Over the last two years, the global economy has undergone a massive shift. The BRICS alliance has been a massive part of that, with the alliance nations dominating the list of the top 10 fastest-growing economies. Moreover, they have only pushed the United States further down the list.
The bloc has been outspoken in its pursuit to shift the financial status quo, specifically, through its quest for multipolarity and ongoing de-dollarization efforts. That has seemingly paid dividends, with economic standings showing the transition of power. …
The BRICS bloc dominates the list of the 10 fastest-growing economies, according to the UN Financial Agency. Specifically, India, China, and Russia all have a space within the top five. Alternatively, the United States has dropped to the 7th position.
India is firmly situated atop the list for 2024.
Both China and Russia are the second and fifth fastest-growing economies. https://watcher.guru/news/brics-countries-dominate-list-of-top-10-fastest-growing-economies

Yes, BRICS+ faces challenges. But the growing alliance continues to look at ways to bypass the US dollar as the following suggests:

BRICS: Alliance Crypto Payments to Overtake the US Dollar?
August 28, 2024
Ever since Russia legalized crypto payments, all eyes were on how that would integrate into its prominent economic alliance. With the bloc’s payment system on the way, digital assets could play a huge role. Indeed, BRICS crypto payments could be key in overtaking the US dollar.
The group has not been shy about its de-dollarization hopes. Since 2022, it has sought to decrease international reliance on the greenback. With Russia facing increased sanctions, alliance trade outside of the dollar became a necessity. As crypto integrations take place, efforts to ditch it could hit overdrive.
BRICS Crypto Payments May Create Path to Completely Ditch the US Dollar
Crypto is set to be a critical part of BRICS. With Russia moving to legalize the form of payment, trade settlements using the asset should skyrocket. Moreover, it could create clear avenues to continue creating a multipolar economic shift on a global scale.
It was revealed that the US dollar reserve held by central banks has fallen to 59%, according to the Atlantic Council. Indeed, that has been a notable decline since 2001, when the BRICS bloc was formed. Yet, that is only expected to continue declining amid the alliance’s actions to lessen its role.
Additionally, the yuan recently overtook the dollar in cross-border transactions for the time in China’s history. While the renminbi accounts for 48% of commerce, the greenback fell to 46.7%. Now, the BRICS bloc is looking for its crypto payments to create even more incentive to ditch the US dollar. … That would be a critical blow to the greenback. https://watcher.guru/news/brics-alliance-crypto-payments-to-overtake-the-us-dollar
Almost Half Of The World Shows Interest in Joining BRICS and Dethroning The US Dollar
August 28, 2024
Around 126 nations will attend a BRICS Municipal Conference, all showing interest in joining the bloc and ditching the US Dollar. The queue to join BRICS is getting longer as developing countries are expressing their interest in joining the alliance. Developing countries are now looking to end dependency on the US dollar to promote local currencies for trade.
The BRICS countries’ VI International Municipal Forum (IMF) will take place in Moscow on between August 27 and 28. Mostly developing countries hailing from Asia, Africa, South America, and Eastern Europe shared initial interest in joining the bloc. The newfound ambition is to strengthen their local currencies and not be dependent on the US dollar for trade. …
The 16th BRICS summit will be held in the Kazan region of Russia from October 22 to 24, 2024. The new extended alliance will get together at the table for discussions for the first time since the expansion. The center points of discussion will likely be the US Dollar, a new BRICS currency, and the future of expansion. https://watcher.guru/news/brics-126-nations-meet-with-alliance-to-discuss-ditching-the-us-dollar

Yes, the US dollar is at risk.

As long time readers of this COGwriter Church of God News page are aware, I have long warned of “unintended consequences” of USA sanctions policies (watch US Sanctions and Tariffs leading to New World Order?).

As far as cryptocurrencies go as a possible mechanism to bypass the US dollar, earlier this month we put out the following related video:

14:59
Russia, USA, & Bitcoin
On July 30, 2024, Russian lawmakers passed a bill that will allow businesses to use cryptocurrencies, like Bitcoin, to skirt Western sanctions imposed after Russia’s Special Military Operation into Ukraine. This is to come to force in September 2024. This is hoped to help with trade between Russia, China, India, the United Arab Emirates, and others. What are several advantages to Russia in doing so? Could there be “unintentional consequences” in dealing with Bitcoin? Is Bitcoin “as good as good” or silver? What does the Bible teach about gold? Does the Bible allow for the ‘666’ power to use unregulated Bitcoin? Was a bill been introduced in the US Congress for its Treasury to purchase 1 million Bitcoin? Has Donald Trump made statements about the USA stockpiling Bitcoin should he again become President of the United States? Does the Bible warn against debt accumulation, show that the USA dollar will one day be worthless, and prophesy that the strongest military on the earth will be conquered? Should you rely on any nation, gold, or cryptocurrency? What should Christians rely on? Dr. Thiel and Steve Dupuie address these issues.

Here is a link to our video: Russia, USA, & Bitcoin.

Before the conference, some thought that the BRICS might propose some type of gold backed crypto currency (https://coingeek.com/is-brics-about-to-announce-a-gold-backed-currency/). And that is something that several of the BRICS nations have seriously considered.

Notice the following, related to the US dollar and BRICS, which is in my free online book Lost Tribes and Prophecies: What will happen to Australia, the British Isles, Canada, Europe, New Zealand and the United States of America?:

Those in Iran and some of the Arab lands, along with nations such as Brazil, China, and India have discussed plans for the removal of the dominance of the U.S.A. in global trade as well. The former (again current) President of Brazil, Luiz Inácio Lula da Silva, even claimed that eliminating the U.S. dollar’s reserve currency status was one of the reasons that the BRICS alliance (Brazil, Russia, India, China, and South Africa) was formed in the first place. [i] Others have noted that bypassing the USA dollar is still an object of BRICS—and officially BRICS nations “are currently working on setting up a new global reserve currency,”[ii] which may have gold-backing.[iii] The expansion of BRICS (which is in progress) may ultimately even hurt Australian trade as well as “severely weaken primacy of the US Dollar as an international currency.”[iv]
The Bible clearly warns against cheapening the money supply and encourages having money hold its value (Proverbs 25:4 Isaiah 1:25, Ezekiel 22:18-22). Debt is also warned against (Habakkuk 2:6-8). Yet policies enacted under the Obama, Trump, and Biden Administrations, following certain other administrations, have ignored these warnings.
[i] Escobar P. BRICS was created as a tool of attack: Lula. Asia Times, August 28, 2019
[ii] BRICS developing new global reserve currency – Putin. RT, June 22, 2022
[iii] Helms K. Economists Discuss Russia, China Potentially Developing Gold-Backed Currency. BRICS Information Portal, November 11, 2022
[iv]Hunter M. BRICS Is Becoming The Big Kid On The Block: Implications For Australia – Analysis. Eurasia Review, November 1, 2022

The BRICS+ nations continue to take steps to dethrone the US dollar.

Let me add that although the European Union is not part of BRICS+ at this time, part of the reason to develop the Euro was to bypass the need for the US dollar in trade.

The Bible does point to the Europeans possibly also backing their currency with gold (cf.Daniel 11:38-43; Revelation 18).

The US is prophesied to collapse financially and be taken over (cf. Deuteronomy 28:43-45,47-52; Habakkuk 2:6-9)–yes the US is prophesied to be conquered (cf. Daniel 11:39; Isaiah 10:5-11).

Although the USA is not likely to repent nationally to prevent its prophesied demise (cf. Hosea 11:3a, 5b-7), personally you can repent, as well as physically take steps, before the dollar-based economic system collapses.

Do NOT place your confidence in Bitcoin, FTX, the US dollar, or gold, but “seek first the Kingdom of God” (Matthew 6:33).

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