This article was originally published by Austin Litman on Proofofwork.ca
BRICS stands for Brazil, Russia, India, China, and South Africa. The BRICS group has one purpose, to stop using the USD. These countries must use the USD to buy oil, or the USA will fuck them up. They have no alternative right now. But that’s completely changing.
BRICS countries have pooled hundreds of billions of cash and resources amongst themselves. They operate international TV channels and host BRICS games. Over 20 other Countries have shown interest, like Iran, Saudi Arabia, UAE and Argentina. They are even trying to build their alternative to SWIFT because the USA bans it for leverage like they did last year when Russia invaded Ukraine. When SWIFT isn’t needed, the USA will lose billions in revenue. When oil is de-pegged from the USD and countries like Saudi Arabia join BRICS, the USA will lose hundreds of billions in revenue. Gg.