Let the dogs bark the BRICS caravan rolls on

Editor's note: There seems to be a lot of misunderstanding about the Russia-China led BRICS nations coming together for the sole reason of replacing the US dollar. This assessment is incorrect. BRICS doesn't have to replace the US dollar. The US is doing it to themselves with this most recent leveraging of stolen Russian assets to repay a $20 billion loan to Ukraine. Call it what you may this is theft. The EU is complicit in this theft of Russian assets with the EU freezing approximately €210 billion ($227 billion) in Russian Central Bank assets. Then there was the story put out that at the BRICS Summit in Kazan Russia's Vladimir Putin held up a BRICS bank note. This is incorrect. As always Putin pulls a spoof giving the mock up bank note to Elvira Nabiullina at the summit as a prelude for events to come. It is becoming more apparent those in the west haven't learned a damn thing as the west seemingly buries itself deeper into geoeconomic obscurity.
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BRICS not aiming to 'defeat the dollar' – Kremlin

The members of the economic group are not plotting against other currencies, Dmitry Peskov has said

October 22, 2024 | By RT

BRICS member states are not targeting the US dollar or other currencies, Kremlin spokesman Dmitry Peskov told RIA Novosti on Tuesday. According to him, the group's members are cooperating in pursuit of their own interests.

Peskov dismissed speculation in the Western media that the participants of this week’s BRICS Summit in Kazan intend to discuss a "plan to defeat the dollar." An article published in The Economist on Sunday claimed that Russian President Vladimir Putin plans to "build a new global financial-payments system to attack America’s dominance of global finance and shield Russia and its pals from sanctions."

"Cooperation within BRICS is not directed against anyone or anything – neither against the dollar nor against other currencies," Peskov stated: "It pursues the main goal of ensuring the interests of those countries that participate in this format."

Earlier this year, the Russian Finance Ministry revealed that Russia was working on creating a settlement-and-payment infrastructure together with the central banks of BRICS member states. The new financial system – the 'BRICS Bridge' platform – will be designed for settlements in national currencies and will be independent of the dominance of third parties.

READ MORE: Dumping US dollar 'keeps politics out of economic development' – Putin

The BRICS Bridge could also provide member states with the opportunity to make settlements using the digital assets of central banks linked to national currencies, Finance Minister Anton Siluanov has said.

Russia has also ramped up efforts to move away from the SWIFT system, since many of the country’s financial institutions were cut off from the Western financial network in 2022.

Please go to RT to continue reading.
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More on what the significance of BRICS means for member countries:

New centers of power, sovereign equality and Western coercion: What's in the BRICS Kazan Declaration

What BRICS really means is that the US is going to be severely crippled in exporting weapons as more countries prepare to join BRICS:

Three US battleground States Have Big Stake in US Arms Support to Ukraine

Was this terrorist attack on Turkey a warning to Turkey in its breaking from NATO to join BRICS?

"Israel" Is Top Suspect in Turkish Terror Attack

What BRICS is in opposition to is the "weaponization of the US dollar":