Petrodollar, BRICS 11 Shifting Away From America
The kings of the earth rise up and the rulers band together
against the Lord and against his anointed, saying,
Let us break their chains and throw off their shackles.”
Eight years ago when we started Focus On The End Times and our website began, there were no doubts as to the status of the US Dollar being the reserve currency of the world.
The US Petrodollar was set up in 1974 as the ticket to keep US dollars in demand internationally and therefore America’s buying power relatively stable. This unique pro-American system has kept the American dollar king of world currency for the last half century. Anywhere you travel in the world you can flash a $100 bill and people pay attention! And both the system and the dollar were still solid just eight years ago.
Decline of the Petrodollar
Since that time, there has been a growing movement by many nations to break the monopoly of the US dollar in international trade. China is the prime mover in this. The Chinese Communist Party (CCP) wants to make China the dominant military and economic power on earth.
Nation by nation is chipping away at the hegemony of the US dollar as trade agreements are put in place for nations to trade in a currency other than the dollar.
The BRICS nations are at the center of this effort.
One rather large dent in the monopoly of the dollar has developed due to the Biden Administration’s failed Middle East policy toward Saudi Arabia. As a result, Saudi Arabia is now selling its oil to China in Chinese Yuan.
BRICS 11, Anti-Western Block
The leaders of BRICS (Brazil, Russia, India, China and South Africa) gathered in Johannesburg last week in what is likely to be a pivotal meeting for the bloc’s trajectory. Russian President Vladimir Putin did not attend due to an International Criminal Court warrant. But Moscow and Beijing pushed for the group’s expansion in a bid to strengthen the bloc as an alternative to the U.S.-led liberal international order and as a counterweight to the Group of 7 (G7) and other Western-led alignments.
Along those lines, it was
announced that six additional nations are joining BRICS at the start of 2024. They are Argentina, Egypt, Ethiopia, and the oil producers the UAE, Iran, and Saudi Arabia. Over 40 more countries have applied to join revealing a major shift in world power from west to east.
The Petrodollar was used by the entire world decades ago. Now, only the Western allies of the United States are still using dollars to conduct trade and buy oil. That is, only half the world, not all the world. Half of the world population—contained in the BRICS 11—will not be.
Either way, how the Petrodollar ends does not matter, it will surely end as it seems inevitable Satan’s assault on America will continue unabated. Either way, if the Petrodollar goes away it spells a decline in Americans’ standard of living with the dollar continuing into high inflation.
Get yourself ready. Test yourselves. Pull any idols down in your hearts higher than Christ. Keep watch for “the coming of the Lord draws nigh!”