The Trump-Biden failure and typical US bullying tactics will cost the USA dearly

BRICS is an acronym for the powerful grouping of the world’s leading emerging market economies, namely Brazil, Russia, India, China, and South Africa. The BRICS mechanism aims to promote peace, security, development, and cooperation. These are all countries that have been seriously impacted by America’s criminal behavior on sanctions as a weapon.

1. To define this point, South Africa had a regime change (government overthrow) because of US sanctions from a democracy to now a communist state. If you were not aware of the political spin from the government to the media about APARTHEID, that was all bullshit. It was a money grab for the US because South Africa was tops in oil, uranium, gold, diamonds, and many other resources in the world until the regime change was forced onto South Africa by the USA.
2. Don’t believe me, ok, let’s look at it right now. The Ukraine war. Why the hell does the USA care about Ukraine? They are not part of NATO. Why would the US spend $150 Billion taxpayer dollars there if this is not another regime change effort? What happened? Biden threatened Ukraine to stop investigating him and Hunter by blackmailing the Ukraine government with a Billion dollar taxpayer bailout. Hunter was given money and 10% for the BIG GUY, and given a seat on the board of an energy company in Ukraine. But why? The US has 48 Biolabs in Ukraine and nuclear technology labs also. This obviously pissed of Russia and for safety reasons for Russia’s security, they decided to invade Ukraine and kick America out of Ukraine and stop using Ukraine as the US’s laboratory for bad things.

3. Biden and even Trump were against Russia kicking America out of Ukraine, and when Russia invaded Ukraine, multiple massive things happened to Russia by means of America’s sanctions,

    

   • America removed Russia from the SWIFT international payment system
   • America stole $800 Billion of Russia’s Central Bank money that was located in Europe
   • America as acknowledged by Biden, blew up both the German-Russia oil and gas pipelines called Nord Stream 1 & 2
   • And on top of this shit pile, the world found out America financed the Covid-19 virus in a Chinese lab which is a huge violation of the UN treaty against Biological weapons.

This was seen by the world all over as criminal, and countries started turning their backs on America. Now there is a general consensus worldwide to punish America or walk away from alliances with America. A good example of another lesson to the world was when America turned her back on all NATO alliance countries by fleeing Afghanistan and leaving everyone behind to fend for themselves. Thousands got killed, and the world saw this.

America has been bullying the countries in South America for years and economically attacking them and destabilizing their governments. No wonder one of the first countries to help Russia and China attack America financially was South Africa and Brazil. BRICS. And with India realizing America is a puppet regime after watching the overthrow of the American government in the 2020 criminal election, India also decided to turn its back on America as a trading partner or military partner. Yes, some treaties are still there, but they are not worth the ink on the paper.

Look at the current situation between America and China about Taiwan. Did India step up to help America? NO. Instead, India formed alliances with China and Russia and South Africa and Brazil to dethrone America with the “petro-dollar” by creating BRICS. When BRICS goes into full operation, America and its criminal partner in crime Brittain will come crashing down financially, and former allies such as France and Germany will join forces with America’s enemies. A great example of this is Emmanuel Macron from France that is in talks with China to join forces against America, or Germany that found out that America was responsible for the detonation and destruction (an act of war) of the two oil and gas pipelines called NORD STREAM 1 and 2 that was owned by Germany and was supposed to supply Europe with cheap Russian oil and gas for the 2023 winter and on.

As the BRICS group of nations are preparing to hold the proposed annual summit in South Africa, nineteen other countries have expressed an interest so far in joining the bloc.

The emerging markets bloc of BRICS nations will meet in Cape Town on June 2-3 to discuss its expansion, Anil Sooklal, South Africa’s ambassador to the group, said in an interview on Monday.

“What will be discussed is the expansion of BRICS and the modalities of how this will happen. Thirteen countries have formally asked to join and another six have asked informally. We are getting applications to join every day,”

The foreign ministers from the five member states have all confirmed they will attend the discussions in June, Sooklal said.

The BRICS, which represents around one-fifth of the world’s economy, has emerged as a powerful new voice in the world. At present, the five members of BRICS contribute 16 percent to world trade and around 24 percent to global GDP.

Also, the countries involved are top world leaders, and unlike what America did to the Libyan leader by assassinating him when he tried to create a new world currency away from the dollar, this BRICS group is a force greater than what the warmongers of America can kill. 

The potential expansion of the bloc cannot be ruled out considering the systemic competition between the United States and China and the frequently changing scenario of world politics, experts said, adding that the demand to join the group will expand further as the great powers, as well as small powers, would seek alliances to secure their strategic interests amid growing tensions with the US over the Russia-Ukraine crisis, or US over the China-Taiwan crisis, or US over the EU-Nord Stream crisis, or US over the Afghanistan crisis and on and on.

When America loses its Petro-dollar status, it is over for the US economy.

The petrodollar system gave foreign countries another compelling reason to hold and use the dollar. And it preserved the dollar’s unique status as the world’s top reserve currency.

But… why oil?

Oil is the largest and most strategic commodity market in the world.

As you can see in the chart below, it dwarfs all other major commodity markets combined. The annual production value of the oil market is ten times bigger than the gold market, for example.

Every country needs oil. And if foreign countries need US dollars to buy oil, they have a compelling reason to hold US dollars even if they are not backed by a promise to redeem them in gold.

Think about it… If France wants to buy oil from Saudi Arabia, it must purchase US dollars on the foreign exchange market to pay for the oil first.

This creates a huge artificial market for US dollars and differentiates the US dollar from a purely local currency, like the Mexican peso.

The dollar is just a middleman. It’s used in countless transactions, amounting to trillions of dollars that have nothing to do with US products or services.

Since the oil market is enormous, it acts as a benchmark for international trade. If foreign countries are already using dollars for oil, it’s easier to use the dollar for other international trade.

In addition to nearly all oil sales, the US dollar is used for about 80% of all international transactions.

Ultimately, the petrodollar boosts the US dollar’s purchasing power by enticing foreigners to soak up dollars.

The petrodollar system has helped create a deeper, more liquid market for the dollar and US Treasuries. It has also helped the US keep interest rates lower than they would otherwise be, allowing the US government to finance enormous deficits it otherwise would be unable to.

Multi-trillion deficits would otherwise be impossible without destroying the currency through money printing.

It’s hard to overstate how much the petrodollar system benefits the US. It’s the bedrock of the US financial system and has underpinned the dollar’s role as the world’s reserve currency since the 1970s.

That’s why the US government protects it so fiercely. It needs the system to survive.

World leaders who have challenged the petrodollar have ended up dead.

Take Saddam Hussein and Muammar Gaddafi, for example. Each led a large oil-producing country—Iraq and Libya, respectively. And both tried to sell their oil for something other than US dollars before US military interventions led to their deaths.

Of course, there were other reasons the US toppled Saddam and Gaddafi. But protecting the petrodollar was a serious consideration, at the very least.

When countries like Iraq and Libya challenge the petrodollar system, it’s one thing. The US military can dispatch them with ease.

However, it’s a whole other dynamic when China (and Russia) undermine the petrodollar system… which is happening in a big way right now.

China and Russia are the only countries with sophisticated enough nuclear arsenals to go toe-to-toe with the US up to the top of the military escalation ladder.

In other words, the US military can’t attack Russia and China with impunity because they can match each move up to all-out nuclear war—the very top of the military escalation ladder.

For this reason, the US is deterred from entering a direct military conflict with China and Russia—even though they are about to strike a fatal blow to the petrodollar system.

US Sanctions Accelerate Demise of the US held Petrodollar

In the wake of Russia’s invasion of Ukraine, the US government launched its most aggressive sanctions campaign ever.

Exceeding even Iran and North Korea, Russia is now the most sanctioned nation in the world.

“This is financial nuclear war and the largest sanctions event in history,” said a former US Treasury Department official.

He said, “Russia went from being part of the global economy to the single largest target of global sanctions and a financial pariah in less than two weeks.”

As part of this, the US government seized the US dollar reserves of the Russian central bank—the accumulated savings of the nation. (Washington did the same to Afghanistan’s dollar reserves after the Taliban took Kabul.)

It was a stunning illustration of the dollar’s political risk. The US government can seize another sovereign country’s dollar reserves at the flip of a switch.

This American criminal (sanction) activity has infuriated all countries around the world, and Payback is imminent for the USA.