🚨🌍 BREAKING: Is BRICS Building a Parallel Monetary System?
$GPS The BRICS bloc is reportedly accelerating efforts to develop a new trade settlement framework designed to reduce reliance on the United States dollar.
$GUN This isn’t about launching a flashy single BRICS currency.
It’s about infrastructure.
🔎 What’s Being Discussed?
A proposed digital clearing unit, potentially backed by a basket of member currencies and commodities, could:
🏦 Facilitate trade settlement outside the dollar system
📉 Gradually reduce dependence on Bretton Woods-era structures
🪙 Echo ideas similar to John Maynard Keynes’ long-proposed “Bancor” reserve model
Instead of headlines, the focus appears to be on building:
$ORCA 🔗 Alternative payment rails
💻 CBDC interoperability between member nations
📊 Basket-based reserve mechanisms
➡️ Trade settlement infrastructure that doesn’t require USD clearing
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🌏 Trade Shifts Already Underway
• China and Russia increasing yuan/ruble settlements
• India conducting rupee-based oil transactions
• Brazil and China expanding real/yuan trade agreements
Dollar dominance isn’t disappearing overnight. The USD remains deeply embedded in global reserves, commodities pricing, and financial markets.
But what may be changing is the plumbing of global finance — slowly, structurally, and strategically.
De-dollarization isn’t a moment.
It’s a process.
And that process appears to be accelerating.
#BRICS #DeDollarization #Macro #Finance #globaleconomy