BRICS header photo https://twitter.com/brics_cci/header_photo
We continue to see steps towards de-dollarization, something that looks to have been accelerating in Donald Trump’s second presidential term.
Notice the following:
India and Indonesia working to lessen dollar reliance – envoy
6 July 2026
Indonesia and India are boosting financial ties via a local currency settlement mechanism to lessen their reliance on the US dollar, a top diplomat has told RT India.
Bank Indonesia and the Reserve Bank of India have agreed on a local currency settlement (LCS) framework for this, the Indonesian Embassy’s deputy chief of mission, Yudho Sasongko, said in an interview given ahead of Indian Prime Minister Narendra Modi’s visit to Jakarta.
Modi was accorded a warm welcome Monday, with Indonesian President Prabowo Subianto welcoming him at the airport. …
Indonesia and India share a strong commitment to amplifying the voice of the Global South, Sasongko added, reiterating that reforms at the UN, including of the Security Council, are vital for a just global order. Sasongko also pledged firm backing for India’s BRICS chairmanship.
As two of the largest economies of the Indo-Pacific, Indonesia sees India as a “broader and more substantive” partner “who respects sovereignty, international law, and an inclusive regional order,” he said. https://www.rt.com/india/642622-india-indonesia-yudho-sasongko/?utm_source=rss&utm_medium=rss&utm_campaign=RSS
One of the unintended consequences of the Iran war is that it has been getting more nations to go against the petrodollar (see Iran war is pushing many away from the ‘petrodollar’)–a total break would be devastating to the economy of the United States.
Indonesia is officially part of the BRICS alliance as it joined in 2025.
Notice also the following:
Russia-India Trade Set to Hit Record $70B in 2026
6 July 2026
The volume of trade between Russia and India will reach $70 billion in 2026, Indian Ambassador to Russia Vinay Kumar said on Monday.
“The trade dynamics and trends that we have seen in the last two to three months indicate that we will reach almost $70 billion in 2026,” Kumar told reporters at the Innoprom-2026 international industrial exhibition.
By 2030, trade between Moscow and Delhi is projected to increase to $100 billion, the ambassador added.
The key sectors of trade cooperation between the two countries are critical minerals and metals, high technologies, agriculture, and the space sector, he said. https://sputnikglobe.com/20260706/russia-india-trade-set-to-hit-record-70b-in-2026-1124404743.html
Russia and India were founding members of the BRICS+ alliance.
Iran joined in 2024.
Notice also something posted here this part Spring:
End of dollar? Iran war pushing BRICS and Global South towards de-dollarization
March 29, 2026
As the Iran war exposes the limits of US power, BRICS nations accelerate efforts to bypass the dollar. The rise of BRICS Pay and India’s CBDC proposal signals a shift toward financial multipolarity. Growing geopolitical instability is reshaping global payment systems and currency alignments.
Uriel Araujo, Anthropology PhD, is a social scientist specializing in ethnic and religious conflicts, with extensive research on geopolitical dynamics and cultural interactions.
The long-anticipated erosion of dollar dominance is now a work in progress. The latest developments surrounding BRICS Pay and the proposal by the Reserve Bank of India (RBI) to interlink central bank digital currencies (CBDCs) across BRICS nations signal a decisive shift toward financial multipolarity. The timing is indeed quite revealing: as Washington’s latest war in Iran exposes, once again, the unpredictability and destabilizing consequences of erratic US interventionism, major economies of the Global South are moving to hedge against the repercussions, thereby accelerating the search for alternatives to dollar dominance. …
It is true that India’s position within BRICS has sometimes been portrayed by critics as hesitant, if not ambivalent. The ongoing Iranian conflict has amplified this perception, in a way: New Delhi finds itself once again navigating a complex web of relationships, balancing energy dependence on Iran with economic ties to Gulf states and broader engagement with the West. All of that does not negate the significance of India’s digital currency proposal. On the contrary, it makes the timing all the more interesting.
While some analysts emphasize divisions within BRICS over the Iranian war, the West is arguably equally divided, as Oliver Stuenkel (a Carnegie Endowment for International Peace senior fellow) points out. NATO and the G-7 have struggled to present a unified front, exposing fractures that for some reason are often glossed over in mainstream media discourse.
The Trump administration’s disastrous decision to join the Israeli operation against Iran is, in any case, producing consequences that extend far beyond the Middle East. It is a huge strategic miscalculation with global repercussions, affecting supply chains, energy markets, and political alignments, especially across the Global South. …
By intensifying geopolitical tensions and weaponizing economic tools, Washington has inadvertently been encouraging the very diversification it seeks to prevent. To sum it up, the rise of BRICS Pay and related initiatives potentially marks a turning point. Whether this leads to a fully fledged alternative system or a more fragmented financial order remains to be seen. In any case, the age of unquestioned dollar dominance is drawing to a close, together with the American unipolar moment – the irony being that Trump is greatly contributing to all of this. https://www.activistpost.com/end-of-dollar-iran-war-pushing-brics-and-global-south-towards-de-dollarization/
Notice the following map:
Map of BRICS nations and prospective members
(Dant3gramsci via Wikipedia)
And when you consider that the European Union is trying to make inroads into the Global South because of Trump Administration policies, you can see basically that much of the world is uniting against at least some USA policies. Particularly when you consider that Donald Trump has also upset Canada and Mexico in North America.
Related to BRICS and the USA dollar, notice the following which is in my book Lost Tribes and Prophecies: What will happen to Australia, the British Isles, Canada, Europe, New Zealand and the United States of America?:
Those in Iran and some of the Arab lands, along with nations such as Brazil, China, and India have discussed plans for the removal of the dominance of the U.S.A. in global trade as well. The former (again current) President of Brazil, Luiz Inácio Lula da Silva, even claimed that eliminating the U.S. dollar’s reserve currency status was one of the reasons that the BRICS alliance (Brazil, Russia, India, China, and South Africa) was formed in the first place. [i] Others have noted that bypassing the USA dollar is still an object of BRICS—and officially BRICS nations “are currently working on setting up a new global reserve currency,”[ii] which may have gold-backing.[iii] The expansion of BRICS (which is in progress) may ultimately even hurt Australian trade as well as “severely weaken primacy of the US Dollar as an international currency.”[iv]
The Bible clearly warns against cheapening the money supply and encourages having money hold its value (Proverbs 25:4 Isaiah 1:25, Ezekiel 22:18-22). Debt is also warned against (Habakkuk 2:6-8). Yet policies enacted under the Obama, Trump, and Biden Administrations, following certain other administrations, have ignored these warnings.
[i] Escobar P. BRICS was created as a tool of attack: Lula. Asia Times, August 28, 2019
[ii] BRICS developing new global reserve currency – Putin. RT, June 22, 2022
[iii] Helms K. Economists Discuss Russia, China Potentially Developing Gold-Backed Currency. BRICS Information Portal, November 11, 2022
[iv]Hunter M. BRICS Is Becoming The Big Kid On The Block: Implications For Australia – Analysis. Eurasia Review, November 1, 2022
The war against Iran is tending to accelerate to move away from the US dollar.
Notice also something from my free eBook Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies? :
Notice what Donald Trump stated in late 2024:
“The idea that the BRICS countries are trying to move away from the dollar while we stand by and watch is over,” Trump wrote in a Nov. 30 Truth Social post. …
“We require a commitment from these countries that they will neither create a new BRICS currency, nor back any other currency to replace the mighty U.S. dollar or, they will face 100 percent tariffs, and should expect to say goodbye to selling into the wonderful U.S. economy,” the president-elect recently wrote.
In October, speaking at the Economic Club of Chicago with Bloomberg, Trump warned … “We have to have that. We cannot lose it,” Trump said. “You’ll go to Third World status in this country because you take a look at the way things are running.” (Durden T. De-Dollarization Effort In Spotlight After Trump’s Tariff Threat On BRICS. ZeroHedge, December 3, 2024)
Yes, the impact of the USA dollar losing its reserve status would be horrible–and even worse than Donald Trump asserted. And things like 100% tariffs are inflationary.
The BRICS+ nations, which compose nearly half the population of the world, still want to bypass the US dollar.
US President-elect Donald Trump has threatened 100 percent tariffs on BRICS nations if they replace the dollar in international trade.
However, Brazil has indicated that it aims to boost the effort during its presidency of BRICS. President Luiz Inacio Lula da Silva’s government has said its objective is the “development of means of payment” to facilitate trade between member countries.[i]
Furthermore, some suspect that more countries in BRICS+ may destroy the ‘petrodollar’ system that supports the dollar.[ii]
The USA dollar will ultimately crash and be worthless. That “pride” of American power will be broken (cf. Leviticus 26:19).
[i] Indonesia joins BRICS group of emerging economies. Aljazeera, January 7, 2025
[ii] Dourian K. Are the BRICS gearing up to challenge the petrodollar? Middle East Economy, October 10, 2024
One day the US dollar will be toppled–but that will not fully happen in 2026.
It should be added that part of the purpose of the Euro was to bypass the USA dollar for international trade. And, that has happened completely within the Eurozone block in the EU.
Steps towards pushing away the Anglo-American dominance of the world for the past couple of centuries is happening.
Although BRICS will not dominate the world economically like the coming European Beast power will, the BRICS nations and their actions will have major impacts on the world.
Related to BRICS and the USA dollar, we put together the following video:
14:31
BRICS Push Aside USA Dollar
The BRICS nations (Brazil, Russia, India, China, and South Africa) have as one of their founding goals, to eliminate the need to use USA dollars in cross-border trade. Six additional nations have been invited to join BRICS in 2024, and India reports that six more are also being looked at. The BRICS nations have already began to drop the USA dollar for some cross-border trading with Russia and China indicating that they had almost done so completely in late 2023. What will happen to the economy and value of the USA dollar if more and more nations stop using it as a primary reserve and trading currency? What about hyperinflation? Does the Bible prophesy destruction for a highly indented nation in the end time? Is the USA the most indebted nation of all time? What about the intent and use of the Euro? Will Europe and Asia cooperate to eliminate the USA and its British-descended allies?
Here is a link to our video: BRICS Push Aside USA Dollar.
A lot is happening.
The USA and its dollar will no longer remain “king.”
As Jesus said: “And what I say to you, I say to all: Watch!” (Mark 13:37).
Some items of possibly related interest may include:
Lost Tribes and Prophecies: What will happen to Australia, the British Isles, Canada, Europe, New Zealand and the United States of America? Where did those people come from? Can you totally rely on DNA? What about other peoples? Do you really know what will happen to Europe and the English-speaking peoples? What about Africa, Asia, South America, and the Islands? This free online book provides scriptural, scientific, historical references, and commentary to address those matters. Here are links to related sermons: Lost tribes, the Bible, and DNA; Lost tribes, prophecies, and identifications; 11 Tribes, 144,000, and Multitudes; Israel, Jeremiah, Tea Tephi, and British Royalty; Gentile European Beast; Royal Succession, Samaria, and Prophecies; Asia, Islands, Latin America, Africa, and Armageddon; When Will the End of the Age Come?; Rise of the Prophesied King of the North; Christian Persecution from the Beast; WWIII and the Coming New World Order; and Woes, WWIV, and the Good News of the Kingdom of God.
The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold and silver? Two videos of related interest may be: Germany, Gold, and the US Dollar and Silver, Science, and Scripture.
Donald Trump in Prophecy Prophecy, Donald Trump? Are there prophecies that Donald Trump may fulfill? Are there any prophecies that he has already helped fulfill? Is a Donald Trump presidency proving to be apocalyptic? Three related videos are available: Donald: ‘Trump of God’ or Apocalyptic? and Donald Trump’s Prophetic Presidency and Donald Trump and Unintended Consequences.
Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies? Is Donald Trump going to save the USA or are there going to be many disastrous unintended consequences of his statements and policies? What will happen? This is a free eBook.
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