Jew S A--satanic empire, collapsing, suckers--too many, over-populated "liberals" suckered into hubris, satanism, pretending they're "good," "moral"

Apollonian

Guest Columnist

America’s New “Woke” Religion​

May 16, 2023 9:51 pm by IWB
by Michael

Link: https://www.investmentwatchblog.com/americas-new-woke-religion/

Have you “seen the light” yet? As Christianity has declined in the United States, other faiths have moved quickly to fill the void. In previous articles, I have written about the explosive growth that witchcraft and Satanism have both experienced in recent years. But Christianity’s main rival in the U.S. is neither one of them. Today, “woke” ideology and the backlash to it are constantly in the news. Our politicians are defined by their adherence to it, virtually all of our corporations are very careful to show public submission to it, many of our entertainers have become rabid proponents for it, and our public schools are being transformed into indoctrination centers for the cause.

As a result, we now have millions upon millions of young people that have a remarkably consistent set of core values.

Unfortunately, those core values are pretty much the opposite of the core values of the people that once founded this country.
Throughout much of our history, most Americans derived their core values from religion, and that is still true today.
You see, the truth is that there is much that is “religious” in the “woke” movement. It has its own rituals, practices, flags, songs, mantras, gatherings and evangelists.
Of course there are also heretics, and “cancel culture” has emerged as a way to punish those heretics.
In this new environment, either you will be “awakened” willingly or you will suffer the consequences. I really like how Michael Vlahos described the “new national church” that is now evolving all around us…
What does it mean to be woke? First and foremost, “woke” is a religious signal that you have heard the Good News and Seen the Light. Awakening means both witnessing revealed truth and experiencing spiritual transformation. Today this has taken the form of a collective enunciation: Of a new national church, reformed and transformed, to replace the original American sect, which is wicked and corrupted.
In simple, practical terms, the Church of Woke is pledged to the destruction of Racism, Patriarchy, and Heteronormativity.
We are supposed to be a very tolerant society, but there is no tolerance in this new religion…
In the woke religion, Christian beliefs about justice and truth are supplanted with contemporary doctrines of equality, LGBTQ+, aggressive feminism, anti-capitalism, cultural shame, historical national sin, legacy guilt, claims of privilege, intersectionality, micro-aggression, critical race beliefs, BLM, compelled speech and inclusion of all self-identities; but there’s no tolerance for those who challenge the woke faith. The woke spirit takes a young person who desires to do good and shifts them into a hating machine, an angry, bitter person.
Let me ask you a question.
If you encounter an angry person in the street demanding that you change your ways, is that individual more likely to be a Christian preacher or a radical “woke” activist?
I think that we all know the answer to that question.
Many of those that are “woke” believe their “gospel” with a fervor that would make the most extreme Islamic jihadists blush.
If you do not agree with them, you are “evil” and you are part of the problem.

According to Vivek Ramaswamy, we have now reached a point where “wokeness” actually “meets the Supreme Court test for religion”
“Wokeness” has become so pervasive across America’s institutions from schools to corporations that author Vivek Ramaswamy argues it meets the Supreme Court test for religion.
“Wokeness is a secular religion. It isn’t a religion based on God. It isn’t a religion that offers a path to redemption, but it is a secular religion nonetheless,” Ramaswamy, author of Woke, Inc. tells CBN News.
Meanwhile, the influence of Christianity in our society continues to wane.
According to a brand new survey that was just conducted by the Public Religion Research Institute, only 16 percent of us still consider religion to be the most important part of our lives
A survey by the Public Religion Research Institute (PRRI) shows that only 16 percent of Americans say religion is the most important part of their lives — down from a fifth a decade ago.
Meanwhile, about a quarter of Americans say they used to follow a different religion to the one they currently practice — a share of the population that keeps growing.
Church attendance has been declining for decades, and the percentage of Americans that identify as Christians “has been steadily dropping”
The number of Americans who attend church once a week fell from 19 percent in 2019 to 16 percent last year, says the survey of some 6,600 adults across all 50 states.
Only 64 percent of Americans identify as Christian nowadays — that percentage has been steadily dropping.
The share of ‘nones’ — those without any religious affiliation — has meanwhile risen to 27 percent.
What we are witnessing is a shift of seismic proportions.
Over the past few years, unprecedented numbers of Americans have either switched to a new faith or have decided that it is time to walk away from religion completely.
Among those that have made a switch, approximately 30 percent say that it was due to “negative religious teachings about or treatment of LGBTQ+ people”
About 30% said negative religious teachings about or treatment of LGBTQ+ people forced them to change.
Wow.
Of course support for the LGBTQ+ agenda is one of the core tenets of the new “woke” religion.
And once June starts the entire country will be spending an entire month conducting gatherings, parades and celebrations to show how fervently they support “pride”.
The transformation of America is virtually complete.

Our entire society has been turned completely upside down, and if we stay on the path that we are currently on there is not going to be a future for our nation.
But at this point the environment in the U.S. has become so extreme that we are not even allowed to have a debate about such things.
There shall be no deviating from the new orthodoxy, and those that attempt to do so are likely to get brutally canceled.
 

Anti-Woke Presidential Candidate Vivek Ramaswamy Vaults Into Third Place In Republican Primary Behind Trump And DeSantis​

Link: http://www.womensystems.com/2023/07/anti-woke-presidential-candidate-vivek.html

Women System July 10, 2023

In a recent survey conducted by Echelon Insights, anti-woke businessman and presidential hopeful Vivek Ramaswamy has made significant gains in the Republican primary race, breaking into double digits in support.

The survey, conducted from June 26 to 29, collected responses from 1,020 likely voters with a margin of error of plus or minus 3.9 percent. The national sentiment shows former President Donald Trump maintaining a strong lead with 49 percent support, while Florida Gov. Ron DeSantis following far behind with 16 percent support and Ramaswamy securing a close third place with 10 percent.

The Echelon Insights survey revealed that no other candidate has reached double-digit support. Former Vice President Mike Pence and former South Carolina Gov. Nikki Haley are tied with five percent support followed by South Carolina Sen. Tim Scott with four percent support. Former New Jersey Gov. Chris Christie has two percent support, while both North Dakota Gov. Doug Burgum and Miami Mayor Francis Suarez have one percent support.

The survey results also showed Ramaswamy in third place in battleground states. Trump maintained a majority of support with 56 percent, followed by DeSantis with 22 percent and Ramaswamy with seven percent.

Ramaswamy's recent surge in popularity can be attributed to increased name recognition and favorability among Republican primary voters, as indicated by Morning Consult's weekly survey. The businessman has gained attention by challenging his fellow presidential candidates to commit to pardoning Trump for federal charges on their first day in office.


On June 13, Ramaswamy took to social media to make his challenge, writing: "I challenge every U.S. Presidential candidate to join me in standing for TRUTH. Commit to pardon Donald Trump for these federal charges on Day 1, or explain why you won't."

His call has sparked discussions and debate among the candidates, further boosting his visibility and appeal.

Ramaswamy predicted in April that he would top the GOP primary​

Back in April, Ramaswamy confidently made predictions about his chances in the GOP primary for the 2024 presidential race. According to a memo from Politico Playbook, Ramaswamy's campaign believes that he will be polling in second or third place by the end of 2023. This would position him as a viable alternative to Trump or DeSantis.

Ben Yoho, the CEO of Vivek 2024, expressed confidence in the candidacy of Ramaswamy, stating that Republican voters will seek an outsider who embraces the pro-Trump and America First agenda, particularly as Trump and DeSantis engage in what he called self-destructive behavior throughout the summer and fall. Yoho also highlighted Ramaswamy's strong campaign finances and claimed that the businessman is polling competitively with well-known national political figures.

However, previous polling data from RealClear Politics did not fully support their claims. RealClearPolitics put Ramaswamy's average support across different polls at 1.5 percent, putting him in sixth place among 11 potential GOP presidential candidates. Trump, DeSantis, Pence, Haley and Scott all outperform Ramaswamy.

Yoho dismissed other candidates such as Haley and former Arkansas Gov. Asa Hutchinson as "career politicians" and claimed that only Ramaswamy, Trump and DeSantis have the profile, message and resources to be competitive in the early primary states. Yoho argued that the status of Ramaswamy as an outsider provides an advantage over his opponents.

Despite the previous polling numbers, Yoho believes Ramaswamy's outsider appeal and substantial campaign funds, reportedly on par with Trump's, would propel him to victory. Yoho said the primary would eventually come down to a choice between Trump and the "memories of America First 1.0" or Ramaswamy and the "promise of America First 2.0."
 

Global take down of the American empire shifts into HIGH GEAR​

JULY 19, 20233

Link: http://www.yourdestinationnow.com/2023/07/global-take-down-of-american-empire.html

We are living in the last days of the American empire. The No. 1 weapon of the empire -- the US dollar -- has been targeted for termination by most of the other powerful nations across the planet, including China, Saudi Arabia, Brazil and Russia.

It turns out that no one likes to be hit with weaponization of the currency, and with the US government regime under Biden, the bullying tactics of the American empire are convincing other nations to abandon the dollar and build their own systems for international financial settlement.

That's why next month -- August, 2023 -- BRICS nations are meeting and announcing what is reported to be a gold-backed cryptocurrency.

This cryptocurrency will reportedly be decentralized, meaning that no nation can alter its ledger or print more coins (i.e. money) out of thin air. The fact that this BRICS-based ledger cannot be counterfeited will give it intrinsic value that will instantly make it a better store of value than the US dollar (which is losing purchasing power by the day). We can expect a rapid adoption of the BRICS cryptocurrency system by the nations of the world. And when those nations no longer need dollars to carry out transactions with other nations, they will dump the dollar.

Since they no longer need dollars, they also don't need dollar-denominated debt instruments. This means international holders of US treasuries will offload them, causing a supply glut of treasury debt instruments on the open market, making it far more expensive for the U.S. Treasury to try to auction new debt instruments that provide funding for the government's debt habit.

And just like that, America's annual cost of servicing its own national debt will skyrocket into multiple trillions of dollars. Before long, the mad money printing machine will be cranking out dollars just to buy up treasuries so that the bankrupt government can service its own exploding debt with counterfeit money. This is a lot like a dog eating its own tail... and gagging with every bite.

The end result will be hyperinflation (of the prices of goods and service) combined with rapid devaluation of the dollar currency, which will ultimately go to zero.

This process won't happen overnight, but it will accelerate in a geometric fashion that will take most people by surprise. By the time they figure out their dollars are worthless, it will already be too late to head for the exits and convert those dollars to something else. Like gold, silver or crypto, for example.

In today's Brighteon Broadcast News, I cover this and more with Dave Hodges from The Commonsense Show:

- Commercial real estate fire sale has begun as one building sells for nearly 64% discount
- Ford slashes prices of its failed F-150 EV truck, while Tesla rolls out its ugly Cybertruck
- Nigel Farage deplatformed from UK bank for being friendly to Trump
- A warning about all financial services and platforms: Your access will be FROZEN if you oppose the trans cult or #climate cult
- Leaving TradFi is the only way to control your assets
- Self-custody (and self-control) means #gold, #silver and #crypto
- Feds seize mobile phones of former Trump advisors
- Why you need a #degoogled phone for #privacy
- Best practices for private digital messaging
- Don't buy and install SPY DEVICES in your home (Ring, Nest, Alexa, Roomba, etc.)
 

Never Forget: Leftists Showed Their True Authoritarian Colors During COVID​

by Brandon Smith | Alt-Market.us
August 12th 2023, 4:04 am

Link: https://www.infowars.com/posts/neve...their-true-authoritarian-colors-during-covid/

When I think back to the first days of the covid pandemic lockdowns, I suspect the majority of people, even many conservatives and liberty movement types, had a healthy concern about the effects of the virus and the potential for structural upheaval if it turned out to be as deadly as the World Health Organization initially claimed.

If covid had an Infection Fatality Rate of 3% or more as global health officials warned, then the damage would be substantial enough to change our world for many years to come.

Anyone who was not at least partially concerned about a biological disaster (or biological warfare) was probably an idiot. Anyone who was smart was prepared. However, after a few months of the spread of the virus and after the first flurry of scientific data, several facts became evident:

1) The lockdowns did nothing to stop the spread, they were simply destroying our economy.
2) The masks were useless and did nothing to prevent transmission of the virus.
3) The IFR of covid was a tiny 0.23%, and that’s not accounting for all the co-morbidity deaths that were falsely labeled as covid deaths.
4) The vaccines did not prevent transmission for millions of people. They did not prevent infection in many cases and numerous vaccinated people have died from the virus. Not only that, but unvaccinated people with natural immunity were better protected than those that took the vaccine and boosters.
5) Studies show that the vaccines cause dangerous side effects at a much greater rate than the CDC admitted.
Everything government officials told us during the pandemic was a lie. It was not a mistake, it was not bureaucratic confusion, it was a lie. Even after this information became available, they KEPT GOING – They kept people locked down, kept them masked and they even tried to force-vaccinate the population. There were some Republican politicians that also went along with the panic, many of them Neocons (fake conservatives). However, the majority of red states quickly ended the restrictions once the contradictory data was made public. In the meantime, the blue states looked ridiculous and paranoid as they desperately clung to the mandates.

I believe the only reason Biden, the Democrats and globalist institutions eventually stopped was not because they realized their science was incorrect; it was because they realized millions of conservatives and independents were ready start a shooting war over the mandates and they knew they would lose.

Even today, months after Biden was forced to finally end the national emergency status on covid, there are still a lot of people out there running around with masks, still isolating in their homes and still complaining all over social media that the public has moved on from the pandemic hysteria. Where does this behavior originate? And why did so many Americans (mainly leftists) jump on the authoritarian bandwagon when it comes to lockdowns and forced vaccination?

I want to explore the psychology of such people here, because I think it’s the natural inclination of the public today to move on quickly from the discomfort of terrible events and ignore the deeper implications. We cannot move on from this, because the ultimate problem was never solved. These same leftists and globalists were never admonished for their behavior, they never had to admit they were wrong and they WILL attempt the same draconian measures again in the future if left unchecked.

Here is what I think happened during the covid cult frenzy…

A Useful Weapon Against The Constitution

Leftists are quick these days to change the subject or outright deny their authoritarian activities during covid. It makes sense, they view the next election as a defining election and they want people to forget that we almost lost what remains of our constitutional rights because of their policies. But again, we can’t allow these things to fade into the ether. Here’s a list of the worst trespasses on the part of leftists and globalists during the pandemic:

They lied about the effectiveness of the lockdowns.
They lied about the effectiveness of the masks.
They lied about the effectiveness of the vaccines.
They lied about how extensive the testing was for the covid vaccines.
They lied about the “pandemic of the unvaccinated.”
They enforced lockdowns OUTSIDE where it is nearly impossible to contract a virus.
They tried to put the population under house arrest.
They put legislation in motion in some states to build “covid camps” in the US.
In some countries, they did build covid camps, not just for travelers, but for everyone.
They conspired to suppress ample evidence linking the Wuhan Lab in China with the outbreak.
They (Government and Big Tech) conspired to use social media as a tool for mass censorship of conflicting data.
They exploited algorithms through search engines to bury any and all contrary information.
As many leftists openly admitted, the goal was to make life so difficult for the unvaccinated that they would eventually comply in order to survive. In this way, establishment elites and leftists could claim that people “volunteered” for the vaccines and no one was forced. What they really meant was, no one was forced at gunpoint, but we all knew that threat was coming next. In fact, polling showed that a large percentage of Democrats were willing to scrap the Bill of Rights altogether and declare war on the unvaccinated…

Finally, the vast majority of leftists supported Biden’s vaccine passport executive orders for workers in companies with 100 employees or more, which would have ultimately led to vaccine passports for everyone. This would have destroyed the constitution as we know it and created a society in which economic participation is completely controlled by the government. Keep in mind, all of this was being justified by a virus with a tiny 0.23% median death rate.

Since the political left views the Bill of Rights as an obstacle to the majority of their political goals, I argue that they simply saw the pandemic as a vehicle they could exploit to remove constitutional protections they always wanted to get rid of anyway.

The Mentally Ill Took Over The Country

Around 23% of the US population is estimated to have at least one mental illness. On average, around 3% of the population suffers from psychotic episodes and 1% of the population is full blown psychopathic (incapable of empathy and takes joy in the suffering of others). America is a sick nation full of psychologically disturbed people, and there is currently no recourse for fixing the problem.

Instead, under the leftist methodology, the mentally ill are elevated, idolized and enabled while violent criminals are released onto the streets over and over again. Take one look at all the major cities on the west coast of the US where progressive policies rule and see the disturbing decline. But what does this have to do with medical tyranny under covid?

The political left uses the mentally ill as a bludgeon, an easily manipulated tool for chaos. During the lockdowns and restrictions the establishment and the media stoked the fires of paranoia. By themselves they have no power; they need the crazed mob as a weapon to keep the rest of the country afraid and in line. They needed good little Stasi, always watching, always correcting, always screaming at those without masks, attacking those that refused to get vaxxed and mocking those that spoke out about scientific inconsistencies.

And, in return, the establishment made the mentally ill feel as if they were normal. For a fleeting moment in time, the most unstable and narcissistic people on the planet were made to feel like THEY were on the right side of history and rationality. It was a parasitic feedback loop that almost destroyed the last vestiges of America.

Tiny Tyrants Begging For Scraps From The Globalist Table

There are generally two kinds of people in the world – Those that want power over others, and those that just want to be left alone. The progressive ideology seems to be a breeding ground for “tiny tyrants”: People who have no individual power, little accomplishment and no influence to speak of, but are still stricken with an obsession to micromanage the world around them. These folks see crisis and government overreach as an opportunity rather than a threat.

There are also those people who view their existence as so devoid of interest or excitement that they tend to live vicariously through calamity and conflict. They saw the covid outbreak and the lockdowns as a moment that gave their lives “meaning.” Yes, it’s sad and pathetic, but this is how many people out there cope with obscurity and lack of merit.

These opportunists didn’t want the pandemic to end. They wanted it to go on forever, because if it did they could feed off the establishment power shift. They could gather scraps from the globalist table, and like carrion, feast on the corpse of our Republic. The motive? Selfish vanity, that is all.

All of this could very well happen again. The big tyrants and tiny tyrants are still out there, waiting for the next crisis; the next panic event to take the public off their guard. Another viral event is unlikely, but they do seem anxious to use climate change, war and economic turmoil as the next great “reset” button. In the end, there will have to be a dramatic shift in how the liberty minded interact with the authoritarian left. It is clear that we cannot share the same country, or the same civilization. Our values are fundamentally at odds. It’s only a matter of time before a single spark ignites a firestorm.
 
Here's good analysis of Ramaswamy's effect vs. such as DeSantis, Ramaswamy now polling better




Below, Ramaswamy takes it to kike moron on CNN

 
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Democrats' climate change blame game for Hawaii fire confronted by reality after Maui identifies cause​

18 HRS AGO
3 MINUTE READ

Link: http://www.mr-mehra.com/2023/08/democrats-climate-change-blame-game-for.html/

White House clean energy czar John Podesta said Hawaii fires were 'fueled by climate change'​

Hawaiian officials attributed the cause of catastrophic wildfires to alleged failures from the state's main power utility company and downed power lines this week after Democrats blamed the disaster on global warming.
In a lawsuit filed Thursday, the government of Maui County, Hawaii, alleged Hawaiian Electric Company (HECO) and its subsidiaries failed to properly power down live electrical equipment amid a red flag windstorm earlier this month. Due to this failure, downed power lines operated by the utility company sparked a series of deadly fires on the island, the lawsuit claimed.
"The lawsuit alleges that the Defendants acted negligently by failing to power down their electrical equipment despite a National Weather Service Red Flag Warning on August 7th," Maui County said in a release announcing its lawsuit.
EXPERTS THROW COLD WATER ON DEM CLAIMS THAT HAWAII WILDFIRES CAUSED BY CLIMATE CHANGE
burnt-out cars on street

This photo provided by the Hawaii Department of Land and Natural Resources shows burnt areas in Lahaina on Maui island on Aug. 11. (Hawaii Department of Land and Natural Resources via AP)
Maui County argued in the lawsuit that HECO has a duty "to properly maintain and repair the electric transmission lines, and other equipment including utility poles associated with their transmission of electricity, and to keep vegetation properly trimmed and maintained so as to prevent contact with overhead power lines and other electric equipment."
However, Democratic lawmakers, a top White House official and Hawaii Gov. Josh Green have all blamed the event, which has claimed the lives of at least 115 people, on human-caused global warming.
ENVIRONMENTALISTS ARE BLOCKING FOREST MANAGEMENT METHODS SAVING ICONIC SEQUOIAS AMID YOSEMITE WILDFIRE
"This is devastating. This is a climate emergency," Sen. Ed Markey, D-Mass., an original sponsor of the Green New Deal, wrote in a post on X on Aug. 10. "I stand in solidarity with my friends and colleagues from Hawai’i — we must act fast, provide aid, and invest in a resilient and safe future."
"Heartbreaking fires in Hawaii! Scientists are clear that climate chaos wreaking havoc on ecosystems everywhere is the new norm," Sen. Jeff Merkley, D-Ore., said in a separate post. "We need to take action immediately or else it will get even worse."
Senator Ed Markey

Green New Deal sponsor Sen. Ed Markey said the Hawaii wildfires were part of a "climate emergency." (Eric Lee/Bloomberg via Getty Images)
"My heart breaks hearing of the devastation in Maui," Rep. Cori Bush, D-Mo., added. "The climate crisis is here and it's killing people. It’s time for [Biden] to declare a climate emergency."
Sen. Dick Durbin, D-Ill., joined in, saying the wildfires were a "devastating view of our planet as we fail to adequately address the climate crisis."
And White House clean energy czar John Podesta called for policies to reduce carbon emissions to fight future natural disasters like the Maui wildfires which he said were "fueled by climate change."
HAWAII WINDS TO LESSEN AS FIREFIGHTERS ATTEMPT TO CONTAIN WILDFIRES; CONDITIONS REMAIN DRY AND BREEZY
"This summer has brought one climate disaster after another, from extreme heat in Arizona and Texas and across the Southeast, to floods in Vermont and upstate New York, to thick smoke from Canadian wildfires," Podesta told reporters on Aug. 16. "And all of us have watched in horror as the Maui fires have claimed over 100 lives — the largest loss of life of a fire in the last 100 years in America."
"To stop these disasters from getting even worse, we have to cut the carbon pollution that’s driving the climate crisis, and that’s what the Inflation Reduction Act is all about," he continued.
Hawaii wildfire devastation

The historic Waiola Church in Lahaina, Maui, is engulfed in flames on Aug. 8. Maui County blamed the fires on negligence from the state's main power company. (Matthew Thayer/The Maui News via AP)
Experts, though, have thrown cold water on claims that climate change triggered the Maui fires.
Instead, they said the event was largely a result of years of poor forest and brush management, in addition to declining agriculture. Such conditions, they said, allow fires to spread rapidly and make fires harder to contain.
"Blaming this on weather and climate is misleading," said Clay Trauernicht, a University of Hawaii at Manoa professor and environmental management expert. "Hawai'i's fire problem is due to the vast areas of unmanaged, nonnative grasslands from decades of declining agriculture."
"These savannas now cover about a million acres across the main Hawaiian Islands, mostly the legacy of land clearing for plantation agriculture and ranching in the late 1800s/early 1900s," he continued. "The transformation to savanna makes the landscape way more sensitive to bad 'fire weather' — hot, dry, windy conditions. It also means we get huge buildups of fuels during rainy periods."
 

BRICS overtaking G7 in economic might – Bloomberg​

The group’s share of global GDP in PPP terms is set to more than double that of the G7 by 2040, according to a report

Link: https://www.rt.com/business/586901-brics-economic-might-growth-g7/

BRICS overtaking G7 in economic might – Bloomberg

© Getty Images / Andrea Nicolini

The rapid rise of the BRICS is transforming the global economy, with the group’s share of world GDP in terms of purchasing power parity (PPP) set to rise well beyond of that of the Group of Seven (G7) major advanced economies, Bloomberg reported this week.
BRICS currently comprises Brazil, Russia, India, China, and South Africa, but the group will be joined in January by Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE.
The G7 club of industrialized and developed countries consists of the US, Canada, the UK, France, Italy, Germany, and Japan.
The report indicated that the expanded BRICS are already larger than the G7. In 2022 the bloc accounted for 36% of the global economy, versus 30% for the advanced economy group.
“Our forecasts suggest an expanding workforce and ample room for technological catch-up will boost the BRICS+ share to 45% by 2040, compared with 21% for G7 economies. In effect, BRICS+ and the G7 will have swapped places in relative size between 2001 and 2040,” Bloomberg wrote.
BRICS trade surges ahead of enlargement – Bloomberg

Read more

BRICS trade surges ahead of enlargement – Bloomberg


The outlet also pointed out that the expanded BRICS economic group will contain some of the world’s largest oil exporters, namely Saudi Arabia, Russia, UAE and Iran, as well as some of its biggest importers – China and India.
“If it [BRICS] succeeds in shifting some settlement of oil transactions toward other currencies, that could have a knock-on effect on the share of the dollar in international trade and global foreign exchange reserves,” the report added, noting that the BRICS members have been working actively to abandon the greenback in their trade.
While highlighting the advantages of BRICS, such as its size, diversity and ambition, the report also pointed out some of the challenges facing the group, including China’s economic slowdown, the inability to shift away from the petrodollar in the near future, as well as a ‘reluctance’ to promote a single alternative.
“The BRICS will change the world, but perhaps more because of their rising share of GDP and divergent political and economic systems than through the realization of policymakers’ grand plans,” Bloomberg concluded.

For more stories on economy & finance visit RT's business section
 

Has the Dollar Struck the BRICS Iceberg?​

Link: https://www.zerohedge.com/news/2023-12-27/has-us-dollar-already-struck-brics-iceberg/

philbutler's Photo

BY PHILBUTLER
WEDNESDAY, DEC 27, 2023 - 1:48
As of this writing, US dollar reserves have fallen by 6.5% as foreign central banks cut ties with the currency. The BRICS countries, especially those in the global South, are leading the charge to depart from the decades-long dominance of the American currency. China and Japan’s central bank shares show the most significant rise in central banks. Interestingly, the Euro is just slightly behind in losing a share in the world currency market.
shattered buck
If BRICS stops using the USD, there will likely be a financial disaster in the United States, with hyperinflation wreaking havoc across all sectors in the US. However, losing the dollar as the medium of exchange worldwide is not the most significant danger for the American hegemony. Collaboration and stronger ties between the BRICS and emerging nations are essential. Xn Iraki, an associate professor in the Faculty of Business and Management Sciences of the University of Nairobi, offered this via China Daily:
“BRICS is at a watershed in terms of global economic organisations, with less-developed countries now having access to technology from more advanced ones and having an opportunity to diversify their exports and gain access to new sources of funding.”
Ken RapozaBRICS expert Ken Rapoza via The Good Men Project

The professor suggested member countries strengthen intergroup collaboration in many fields, including cultural exchanges, science and technology. Once this level of partnership begins, the so-called Global South will be much more influential on the financial and geopolitical scales. What the experts are suggesting is not just a business shift but a literal change of identity for poorer nations that wielded almost no power or influence. This is the great appeal for joining the BRICS; the US and its allies have no comparable leverage point.
The BRICS account for 37% of the world’s GDP, while the G7 only squeaked out 30%. With the UAE, Saudi Arabia, and Iran joining the group, oil production on Earth will be firmly in the hands of BRICS members. US government data shows BRICS’ share of global oil production blossoming from 19% to 41% after the recent expansion.
The US dollar, which is increasingly weaponised through economic sanctions on Russia, Venezuela, Iran, and many other countries, will take the biggest hit if a BRICS countercurrency situation arises. In America, increasingly burdensome debt and deficit spending on wars and programs that do not directly benefit the nation’s people will cause major internal problems. I called Forbes’ “BRICbreaker” and respected industry analyst Kenneth Rapoza (at left) to better understand the potential effects of a replacement or competitive exchange currency. Here’s part of an extended explanation he gave me of the effects of such an economic shift:
“The immediate, most dramatic effect will be the sell-off of Treasury bonds in the market. I don’t know how long that sell-off would last, but you would see bond prices fall as investors sell, and when bond prices fall, interest rates go up. High-interest rates are not good for U.S. businesses and consumers.”
Factor in the 40 or more countries interested in joining the BRICS and the 16 that have already applied for membership, and the situation for the hegemony gets darker. Former IMF executive director and former vice president of the New Development Bank, Brazilian economist Paulo Nogueira Batista Jr., was quoted by Modern Diplomacy saying, “The possibility of a common BRICS currency being presented at the next year’s summit in Russia is a distinct possibility.” Once this happens, all that stands in the way of the nations of BRICS overcoming the current dollar supremacy is “developing a multilateral system of settlements so that financial flows can be directed to priority industries in the developing countries.” (Aleksei Kuznetsov)
A last note: Ken Rapoza also addressed the geopolitical side of a replacement currency. He suspects that the “US government would do everything it could, including using the Intelligence Community to disrupt any government, vilify any government, or even sanction any government for any reason, including reasons they will invent if they felt the dollar was going to go to say… 70% of world transactions.” So, for most of you reading this, I know the question in your mind is, “Isn’t this what the U.S. and allies are already doing to many nations?”
The United States has been sailing full steam ahead on an unsustainable course for decades. It seems to me the world is not only tired of our warmongering hegemony but of the one-sided system of supercapitalism. America has taken the lion’s share of every resource on the planet over the past 70 years and has suppressed hundreds of millions of people in doing so. Their loss was America’s gain, in the same way European imperialists pirated most of the world’s wealth before WWII. A paradigm shift now only seems past due. I think our Titanic mistake has already led us to strike an immovable iceberg.
Another version of this report appeared first at NEO
Contributor posts published on Zero Hedge do not necessarily represent the views and opinions of Zero Hedge, and are not selected, edited or screened by Zero Hedge editors.
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