Sanctions cause chaos and BRICS is getting stronger
Tom KirkmanIndependent Project Manager
Sanctions are causing chaos all over. Trying to sanction oil from a major oil exporting country was never going to work out well.
The BRICS alliance is getting stronger, and expanding.
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“In April the finance ministers of the BRICS alliance (Brazil, Russia, India, China and South Africa) decided to create their own financial mechanisms to continue trade between nations of similar disposition despite Western/NATO sanctions.
Earlier this month Fed Chairman Jerome Powell stated, “rapid changes are taking place in the global monetary system that may affect the international role of the dollar.”
… Following a recent meeting of the BRICS group, Iran (86 million people) and Argentina (46 million people) are now applying to join BRICS, possibly creating BRICS+.
… The BRICS team intend to create an alternative option for all the other nations. An alternative to the current western trade and financial platforms operated on the use of the dollar as a currency. Perhaps many nations will use both financial mechanisms depending on their need.
The objective of the BRICS group is simply to present an alternative trade mechanism that permits them to conduct business regardless of the opinion of the multinational corporations in the ‘western alliance.’