The War For Global Currency Is Accelerating

A War for Control of Global Currency is Accelerating

 Sarah Westall

Many countries are working on a new payment system backed by gold and commodities while we in the United States are hyper focused on keeping our country from being destroyed from within. It’s important to realize that we live on a planet with more going on and that our dollar fiat system will soon be made obsolete.

This change will fundamentally change our standing in the world and the globalist cabal is just as interested in this change as many of the other countries. It’s more complicated than just a cabal wanting to take down America, many countries around the world want out of the central banker dollar system in favor of a newer freer payment system that they can control.

The globalist cabal want a central digital currency controlled by them. The global south and many other countries want a new monetary system back by gold and commodities controlled by each country with a seamless global exchange. These are the sides in the war for control of the global currency. It’s the main backdrop to everything going on in the world.

Below is an article written from the perspective of those countries wanting out of the dollar system.

By Pepe Escobar | The Cradle

The Global South births a new game-changing payment system

Challenging the western monetary system, the Eurasia Economic Union is leading the Global South toward a new common payment system to bypass the US Dollar.

The Eurasia Economic Union (EAEU) is speeding up its design of a common payment system, which has been closely discussed for nearly a year with the Chinese under the stewardship of Sergey Glazyev, the EAEU’s minister in charge of Integration and Macro-economy.

Through its regulatory body, the Eurasian Economic Commission (EEC), the EAEU has just extended a very serious proposal to the BRICS nations (Brazil, Russia, India, China and South Africa) which, crucially, are already on the way to turning into BRICS+: a sort of G20 of the Global South.

The system will include a single payment card – in direct competition with Visa and Mastercard – merging the already existing Russian MIR, China’s UnionPay, India’s RuPay, Brazil’s Elo, and others.

That will represent a direct challenge to the western-designed (and enforced) monetary system, head on. And it comes on the heels of BRICS members already transacting their bilateral trade in local currencies, and bypassing the US dollar.

This EAEU-BRICS union was long in the making – and will now also move toward prefiguring a further geoeconomic merger with the member nations of the Shanghai Cooperation Organization (SCO).

A new regulatory body for the proposed joint EEU-BRICS financial system will soon be established.

Meanwhile, trade and economic cooperation between the EAEU and BRICS have increased 1.5 times in the first half of 2022 alone.

The BRICS share in the total external trade turnover of the EAEU has reached 30 percent, Kovalyov revealed at the BRICS International Business Forum this past Monday in Moscow:

Here we once again see the advancing convergence of not only BRICS and EAEU but also the financial institutions deeply involved in projects under the China-led New Silk Roads, or Belt and Road Initiative (BRI).

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