Watchman’s Update: Official Saudi Arabian Entry Into the Brics—State Media, Gog, and Magog Have Taken Shape Tribulation
SRH Update: The BRICS' rapid growth and expansion receive minimal media attention, mainly because the U.S. media and military-industrial complex prefer to keep quiet about the imminent decline of the dollar. Revealing this information would likely accelerate the country's collapse.
Despite the rapid deterioration of circumstances, many are in denial and choose to ignore the impending collapse of the United States. It is my current belief that the year 2025, or shortly thereafter, will be the time when reality catches up with us all.
The BRICS alliance is gaining momentum and influence, with an increasing number of countries seeking to reduce reliance on the US dollar and challenge America's global dominance. Recent reports indicate that 40 nations are either exploring or actively pursuing membership in the bloc.
BRICS, comprised of Brazil, Russia, India, China, and South Africa, welcomed 5 new members this summer: Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE). These countries are set to officially join BRICS on January 1st, 2024. According to the Center For Strategic & International Studies, BRICS will soon oversee 41% of the world's oil reserves.
If China continues to be the dominant power in the Middle East, the world's power structure will be very different, and China will call the shots that a poorer and weaker United States will have no choice but to accept.
SRH Update:
In what is another sign of the unfolding BRICS de-dollarization plan, Egypt has officially ditched the US Dollar in trade.
The following report is by Watcher.guru:
Indeed, the country was one of five nations to accept an invitation to join the alliance at its 2023 summit. Subsequently, it has already firmly embraced its shift to local currency trade thus far.
The BRICS expansion was the first time the alliance grew since 2001 and had massive geopolitical implications. Alongside Egypt, Iran, Saudi Arabia, the United Arab Emirates (UAE), and Ethiopia are expected to join the bloc. Now, Egypt has already expressed its desire to move away from the greenback in trade.
SEE: Egypt Announces Plans To Dump The Dollar And Trade With BRICS, As BRICS Ramps Up De-Dollarization
For much of the last year, BRICS made countless headlines for its activities and initiatives. Those actions were defined by its desire to decrease the international prevalence of the US dollar and to grow its ranks. Subsequently, both of those goals coincide with a development that occurred this week.
Indeed, now part of the BRICS alliance, Egypt is set to ditch the US Dollar in its trade activity. Specifically, the country’s Ministry of Foreign Affairs stated its intention earlier this week. The country assured that it will work to urge countries it trade within national currencies to lessen the burden of the rising cost of utilizing foreign currencies for settlements.
Furthermore, the country said that the decision was a result of a global economic shift. Indeed, they noted the “international crises over the past four years,” as a major development in its decision. Subsequently, it is likely the change in trade currency is rooted in similar factors that have pushed the same action in many of the BRICS nations.
SEE: 40 Countries Are Seeking To Join The BRICS Bloc – An Increasing Threat To US Hegemony
Following what happened to Russia, every BRICS country exists with a fear of imposed Western sanctions. Moreover, the United States economy and rising debt are not the most calming statistics for countries that rely on the currency. Therefore, the transition to local currency dependence is the best route for all emerging countries and global economic health. Source WinePress
HNewsWire: By SRH Five new members have joined the group, and more growth is anticipated later in the year. Official Saudi Arabian entry into the BRICS—state media The announcement that Saudi Arabia has formally joined the BRICS+ organization was broadcast on state television on Tuesday. The Kingdom of Riyadh has been engaged in months-long negotiations to join the organization. In August of last year, Foreign Minister Prince Faisal bin Farhan declared that all the information regarding the move will be assessed prior to making a “suitable decision.” The foreign minister at the time described the BRICS organization as “a beneficial and important channel” for enhancing member nations’ economic cooperation. On New Year’s Day, the group, which consisted of South Africa, Brazil, Russia, India, China, and China until January 1, welcomed five new members. It currently comprises the UAE, Egypt, Ethiopia,…
HNewsWire:
By SRH
Five new members have joined the group, and more growth is anticipated later in the year.
Official Saudi Arabian entry into the BRICS—state media
The announcement that Saudi Arabia has formally joined the BRICS+ organization was broadcast on state television on Tuesday. The Kingdom of Riyadh has been engaged in months-long negotiations to join the organization. In August of last year, Foreign Minister Prince Faisal bin Farhan declared that all the information regarding the move will be assessed prior to making a "suitable decision."
The foreign minister at the time described the BRICS organization as "a beneficial and important channel" for enhancing member nations' economic cooperation.
On New Year's Day, the group, which consisted of South Africa, Brazil, Russia, India, China, and China until January 1, welcomed five new members. It currently comprises the UAE, Egypt, Ethiopia, and Iran in addition to Saudi Arabia. Another potential member quickly withdrew from consideration after Javier Milei became victorious in the country's late-year presidential election.
It is anticipated that the group will expand even further later this year, since Venezuela intends to apply for permanent membership at the upcoming summit in Russia in October 2024.
According to the president of Venezuela, BRICS is the "future of humanity." READ MORE: Venezuelan President: BRICS is the "future of humanity"
President Vladimir Putin of Moscow has taken over the group's one-year rotating chairmanship, promising to “facilitate the harmonious integration” of new partners. According to Putin, some thirty more nations have already stated their intention to take part in the group's activities in one way or another.
In an interview that was published on Monday, Venezuelan President Nicolas Maduro discussed the issue with the Spanish-language version of Le Monde Diplomatique, stating that the organization, given its enormous economic power, symbolizes "humanity's future."
The expanded BRICS currently outpace the G7, an informal alliance of the most powerful Western nations, in terms of GDP at buying power parity, accounting for 36% of global GDP, according to IMF statistics.
The decision to shelve the BRICS+ plans was criticized by Maduro as well, calling it "one of the clumsiest and stupidest things Milei has done" to his nation to date. By making this decision, Milei has essentially thrown the nation back into the 19th century and pursued Maduro's suggestion that it become a "vassal of the imperial unpopular world."
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It's hard to overstate the potential impact of a move underway that - thanks to Biden's catastrophic diplomacy - could result in China replacing the U.S. as a security guarantor with the petro-monarchies that control so much of the world's oil reserves.
Notice The Left Hand
HNewsWire:Crown Prince Mohammed bin Salman welcomed Xi Jinping to Riyadh (screen grab from YouTube).
Bloomberg reports:
Oil-rich Gulf monarchies are using their wealth to strengthen ties with China as they worry about the future of their long-standing security partnership with the United States.
Seven months after President Xi Jinping attended the first China-Gulf summit in Riyadh, economic exchanges between the world's second-largest economy and countries such as Saudi Arabia and the United Arab Emirates have increased, expanding far beyond crude purchases, where Beijing has long held sway.
Syngenta Group's planned $9 billion Shanghai IPO is one of the deals that could benefit from closer ties in the coming months. According to people familiar with the situation, the state-backed company's advisers have been in talks with Middle Eastern sovereign funds, including the Abu Dhabi Investment Authority and Saudi Arabia's Public Investment Fund, about becoming cornerstone investors.
According to Bloomberg data, the value of Gulf companies' acquisitions and investments in China has increased by more than 1,000% year on year to $5.3 billion.
For decades, the Middle East's oil-rich states have looked to the United States as their primary economic partner and security guarantee. Their holdings of dollar-denominated US debt, as well as the settlement of sales contracts in dollars, ensure that the US dollar remains the world's reserve currency. This status allows the United States to run massive deficits, print money to cover them, and avoid a foreign exchange crisis or severe devaluation.
China is currently in an economic slump, most likely a recession, with high youth unemployment and a loss of markets and manufacturing investment as the United States and Europe decouple from the Chinese economy. However, with their vast resources and significant markets, petro-monarchies could at least partially replace Western powers, relieving domestic political pressure on Xi Jinping to behave better on the global stage.
Make no mistake: economic factors have a direct impact on strategic military relations. China would make every effort to leverage its strengthened economic and financial ties into deeper military ties, including the establishment of military bases and a more robust diplomatic, cultural, educational, and media relationship. The ultimate goal would be to dethrone the US as the strategic guarantor for the monarchies that control the oil export market.
This decline in US influence was precipitated by Biden's virtue-signaling demonization of Crown Prince Mohammed bin Salman over the Khashoggi assassination. It had no advantages. Of course, killing and dismembering opponents in a diplomatic enclave is abhorrent, but great nations that aspire to be hegemonic learn to tolerate allies with less-than-perfect records. When we were fighting Hitler, we allied with the Soviet Union.
With our military readiness declining, conventional ammunition stocks depleting, and military leadership focused on diversity, abortion access, and transsexual rights, the United States appears to be a declining force. Who would want to stake his own regime's future on an alliance with such a decaying and decadent power?
The Saudis will not change their ways and will be ruthless in defending their regime. Many other countries, rightly or wrongly, regard the United States as equally ruthless. When the US went after MbS over Khashoggi, it received nothing but positive domestic commentary. Relationships are now spiraling downward, and the logic behind the spiral extending and amplifying is significant. The strengths and needs of China and the Gulf monarchies are complementary.
If China continues to be the dominant power in the Middle East, the world's power structure will be very different, and China will call the shots that a poorer and weaker United States will have no choice but to accept.
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