Topic: BRICS Pay going operational is a major step in dedollarisation - page 3. (Read 1318 times)

You are right, his name was Shinzo Abe and he was the Prime Minister of Japan. He was assassinated on July 8, 2022. Interpret that however you want

What you are referring to sounds like part of the very old US plans for the world, which is not what Japanese people (or anyone else for that matter) wants. To put simply the idea was some sort of trinity of NATOs (Japan is only part of one of them).

The root of the idea was started by people like Huntington (you can read the general idea in the book Clash of Civilizations). Of course a lot of these strategies that US regime keeps implementing over the past decades have failed miserably, which means they keep updating them. The 3 NATOs were was the updated version:
1. The European NATO
Which you should already know, it is created to fight a proxy war for US with Russia. These days we are seeing it happen in Ukraine as NATO clashes with Russia.

2. The Middle Eastern NATO
Which is mainly the Arab dictators forming a coalition to fight a proxy war for US with Iran. Something they were working on for many years (plan were mainly started during George W. Bush presidency) but Trump made it public with Arab dictators with more than a thousand billion dollar budget. But it quickly fell apart (it is worth mentioning that Iran's entire military budget was only $12 billion!!!).

3. The East Asian NATO
Japan would be part of this one. This one is a two part coalition. That AUKUS thing which is Anglo-Saxons. And the East Asians (Japan, South Korea, Singapore and of course Taiwan).

The plan is, as the proxy wars go on and as the world burns, US remains intact and stays back and only sells weapons to all these nations who would keep on fighting each other. That way US can keep its hegemony since the rest of the world is destroyed.
Obviously this evil plan is not exactly working the way the US regime wants...

I may not be completely right about this but according to what I have read before, a Japanese leader some years ago said Japan needs to build their own nuclear weapon. Also the present Prime Minister wants something like that. Japan has the resources and everything needed to build a nuclear weapon.

I do not think US is the problem, but US is also not showing any sign that they will support if Japan is attacked. What I read according to some speculations is that if Japan starts building nuclear weapon today, that threat may come from neighboring countries like China and North Korea. Also Russia is another neighboring country to Japan which I know are not having good history together.

In Japan, the public also are against building of nuclear weapon. Even the recent group that won the latest Noble Peace Award is from Japan. The public against building of nuclear weapon could be contributing to the reason such plan is delayed or not existing.

I think Japan wants some countries in Asia to do what NATO are doing. I mean something like Asian NATO. Some of the countries will not also support Japan in plan on building of nuclear weapon.

You do not even have to belong to a BRICS nation neither, you can be citizen of another nation and use this card/app basically to spend anywhere if you are there visiting as a tourist. Allows you to digitalize everything, and do not need to do anything like converting and exchange offices and all that.

In most poor nations, there are many terrible rates and you basically get screwed and there is no need to do that anymore, with this you could just simply load it up, and spend it anywhere you go. Obviously I am not sure how much spread it is yet, since it's a new thing, this may take a few years before you can spend it everywhere you go, you may still need some cash just in case, would allow to make things better, without any cash, if someone says they don't take it, then you are going to be screwed.

After WW2 when Japan was defeated and bombed with 2 nukes and a dozen napalms they were occupied and remain a semi-occupied country to this day. Japan is not even allowed to have a decent military. The keyword here is "not allowed". Similarly anything nuclear is in full control of the occupiers of Japan aka United States.

So if they are not building nukes it is because they are not allowed to not because they can and don't want to.

Do you really think that the strengthening of the BRICS countries will bring the world long-awaited justice and peace? I assure you that chaos will ensue and stronger authoritarian states will attack and seize weaker states without any restraining factors and impose their own laws and rules on them.

For example, for hundreds of years now, Russia has been a part of oppressed nations and peoples, who are kept there by coercion and force of the central government. In recent decades alone, Russia has militarily occupied Abkhazia and South Ossetia in Georgia, Transnistria in Moldova, the Crimean peninsula and parts of the Donetsk and Lugansk regions in Ukraine. Now Russia has unleashed a large-scale war and wants to completely seize Ukraine. If there are no restraining factors, Russia will continue to attack its neighbors, China will definitely attack Taiwan, weak states will be absorbed by stronger ones, and then a war will begin between strong states that will definitely not share something between themselves.

All this fuss with the idea of BRICS is aimed primarily at bypassing possible international sanctions and the desire of individual states to untie their hands for a violent redivision of the world. But a significant part of the states that join BRICS hope that this will only be an economic union for more profitable trade. They are already declaring that they do not want it to be politicized. Over time, they will become disillusioned with this union. BRICS will not be a monolithic union, since it consists of countries that have different views on the direction of the main world processes. And therefore, this union is short-lived.

learning is nice:

Mobile app to make sure people around the world (not everywhere but in some places) can pay in not-dollar and that would be something that would be a lot better for a lot of people and we could see a result that would be a quite help and we could see dollar getting less and less value.

I believe we are going to see this BRICS should reach to  a level where we are going to see them getting bigger power with time, it is not an old thing yet and we are not really talking about something that is getting to a high level yet, but with a few more years then we are going to see better result. Plus, this is a big help for Russia when we are dealing with a good amount of sanctions being ignored with something like this and people could still use rubble when they are buying something and this will help with oligarchs as well. So all in all I believe that dollar will lose some value because of this but I am sure they are not going to lose their spot at the top neither.

The IMF, the World Bank, and the Bricks are all the same and play by the same rules... and all of them have the same goal, to gather more power, protect the powerful, and allow them to get even richer. Here and there they give some funds to the poor and pretend to be saints. The system is rotten.

Maybe the Brics nation will be worse than the United Nations, who knows... in any case, none of them is good and can't be good, the question is which is the lesser evil.

I am not supporting United States in this but neither am I supporting any other countries like Russia and Iran. The country that I do much respect is country like Japan which do not build atomic weapon despite that they have the power to do it and also they are trying to avoid fighting. Before United States got the world power, there were wars. Also if United States lost the world power, I do not think war is going to be over. Something will happen that will lead to wars again and again.

I am still always surprised that China does not want to leave Taiwan alone and see it as a brother because they are like one. You can see countries like Monaco in France and having their peace. Probably they may be thinking Hong Kong and Macau may also want to fight for their independence. Also I think Russia attacked Ukraine is more than Ukraine wanted to become a NATO member. Why not attacked Finland that become a NATO member after the Russian Ukraine war started. Also why is Iran sending missiles to Israel when there are many contries between them. Iran is supporting anything that Israel against. I am not supporting anyone if them but war will always exists because people are just people.

I am not saying United States is good. They have their own bad side. One of which I hate is how they murdered Gaddafi, the president of Libya. Gaddafi wanted one Africa. Libya has not been better as it was in the time of Gaddafi. But if power shift towards China and Russia, this could be the started of what we may not know now that will happen in the future. Something like this: https://www.orfonline.org/expert-speak/china-and-ugandas-entebbe-international-airport or what we may not expect.

The GDP of the BRICS countries accounts for about 36% of the world's GDP.

https://www.gzeromedia.com/graphic-truth/graphic-truth-brics-economies-eclipse-the-g7


Among the 10 countries with the most mineral resources in the world, we have five countries including Russia, Iran, Saudi Arabia, China and Brazil that are members of the BRICS bloc.


https://www.statista.com/statistics/748223/leading-countries-based-on-natural-resource-value/


BRICS accounts for about 45% of the world's total oil and gas reserves and holds 80% of the world's total aluminum reserves.


https://www.rogtecmagazine.com/brics-accounts-for-almost-45-of-global-oil-reserves-after-expansion/

Besides, they control more than 20% of the world's gold, total industrial output accounts for 38%...and many fields are almost completely superior when compared to the G7.

Through these simple statistics, it can be seen that the potential of BRICS is not weak compared to the United States and its allies. That clearly shows that they have the basis and potential to carry out dedollarization. We should look at the reality and accept that reality instead of stubbornly believing that dedollarization is just an illusion.

Things are still happening and a world that is no longer heavily dependent on the USD is slowly taking shape, it is just a matter of time.

Between each other may have not been too high for now, but isn't that the purpose of creating this? To make sure they trade with each other more? I am not saying they are going to succeed, I wouldn't know about it (neither will you nor OP) because this is not something that can be known beforehand, even the biggest economists can't, but the goal is set and what they will achieve is unknown.

The goal is to make sure they trade with each other, and not use dollars and make dollar lose value, this is the goal and their aim.

So what they are going to achieve is not known, and yes it was much much smaller before but the goal should be making that number a lot higher than what it has been so far. They haven't traded with each other too much, but with this new method, maybe they will start to trade more?

I can't say how much more, but if they do go from 422 to 2 trillion, that would be nearly five times more, and should hurt dollar a bit, not a ton, but a bit.

Why don't you think the opposite, the emergence and rise of BRICS will make the world more fair and peaceful? Because there has been no challenge to US power for decades, they have become more arrogant and aggressive. They think they can do whatever they think is right because no one can do anything to them, they are kings, they are the creators of the law.
If you notice, out of all the wars going on in the world, there is not a single war that does not involve the United States and they are even the main supplier of weapons to create and sustain the wars. Under the domination of the superpower United States, war never ends and the world is never at peace.

It is puzzling that many people hate and abhor communism and call it a dictatorship, but do not want to accept a multipolar world and prefer to be dominated by one country. Is a unipolar world dominated by one arrogant nation that can do whatever it wants any different from a communist dictatorship?


Don't expect any fairness or transparency in the unipolar world, they are not as fair and kind as they tell you.

the opener published the link as if that is the BRICS new paygate. IMHO its a gate to capture money.
Before the BRICS paygate opens the replacement of the western SWIFT replacement is ready.
Try to get 13 Nations agree on one development team is already a complex act.

You cannot separate economics and politics, their intermarriage is eternal. Every political move always has an economic undertone.

Who sets the standard for crimes that attract sanctions? The West.
Who enforces the sanctions against these so-called violators of these international laws? The West.
Let's be realistic here, the US and its allies have committed the same offences or crimes that made them sanction other nations. But because they control the financial system, nobody sanctions them. If every nation is treated equally there will be fewer agitations. The world needs an alternative and BRICS is pushing to make it happen.    

This topic is about BRICS Pay not Russian economy or your personal hatred of the East and your hate speech.
If you want to talk about Russian economy, start a separate topic.

There are a lot of reasons why this is slow. First is the fact that this is a brand new payment system possibly based on a new technology (as its being speculated about) so it takes time to develop and deploy.

There is also the fact that different countries have different available infrastructure which means implementing such a system may take 6 months in a place like China but it will take much longer in a place like Africa.

Another barrier is political. Even some members of BRICS are still resisting change! So getting everyone on board, agreeing on all the details of how this system has to work, etc. takes time. In fact the bigger BRICS get the slower this can become!

The conflict started many years ago when US replaced the previous scam called Bretton Woods with a new scam called Petrodollar. It became more apparent when US decided to weaponize the dollar and everyone felt the threat back in 2008 when the US financial crisis led to global financial crisis because they were all using the dollar.

The consequences of it was creation of the first alternative payment system we all know and love called Bitcoin.
The other consequence of it was dedollarisation. You see, despite what it may look like, dedollarisation has been going on for a long time. Look at the chart in the article Willy posted in previous page. The usage of dollar as reserve currency has dropped down from closer to 80%-90% down to 58% and continues to go down.

The last straw were sanctioning country after country and stealing their money through SWIFT that is in full control of the US regime. So the world saw that conflict and sought an exit out of that corrupt and very risky system.

So no, BRICS will not lead to conflicts, the conflicts started a long time ago and BRICS is the response.

Is brics-pay.com the gateway or just a random information providing website?
Considering how BRICS Pay is not live for the public, it seems to be the later...

If its gold backed for example I could believe it will be ok.  Russia certainly has the incentive to see it take off and probably China too.  Many countries want to move away from a USA dollar centric system.
   Russia has built up gold reserves, China and a few countries have the idea of reserves not dollar based.  China for a quarter century have been determined to run down foreign reserves from FIAT to gold.   That is why I imagine it has to follow that long term policy to really work out, it would be an amazing flip if this occured.  A 50 year reset from the Nixon shock, richter scale blip in the markets if that happened.  My first guess is that wont be it just yet, I would have heard from multiple places already.


British empire made currency around the world, it was the gold standard.   We can just give the credit to gold really but it was also a very different time of empires, there was alot of demand for that currency to trade.  Spanish currency would also have been gold, the US Dollar is based off copying that Dollar as it was the most popular currency in the americas at that time and at the start of course US was just a minor underdog in the fight for trade etc.

here from further up



Would you trust a anti US payment gateway without about us, no company, hostet under amazon US AWS.
Too many inconsistencies.

Who made those law that people aim to violate by seeking alternative to the current skewed monetary system? I wouldn't call what the BRICS are doing a fight against the dollar but a fight for a fair and equitable world. Furthermore, I disagree with you on the aspect of BRICS being politically motivated and supposedly seeking for opportunity to violate so called international laws with impunity. If I may ask, would you call Bitcoin a fight against the dollar when you know that was not the intention of the creator and founder Satoshi, rather to create an alternative to the centralized fiat payment systems with a bid to giving us the privilege of carrying out p2p transactions without the interference of a third party? What the BRICS nations are doing may not be exactly like Bitcoin but it has some resemblance in that both seek to create some form of alternative and by extension some level of fairness to global trade.

Am not disputing that there should be no alternative reserved currency to the USD but don't you think that this move by the BRICS nation can lead to conflicts and disagreement among world leaders because ''two captains cannot be in a ship'' and for the fact that America is still the world power and to have an alternative reserve by the BRICS sounds more like an attempt to devalue the dollar that has been a major foreign reserve currency over the years.

I don't think the IMF and world bank are manipulating exchange rates of countries, they are working based on the economic capacity of each country in the world trade organization. You never can tell, the BRICS nation might be worst than the United Nation.