De-Dollarization Just Accelerated… And You Might Not Even Know About It
BRICS in Nizhny Novgorod, Crickets’ Silence, Saudi Arabia, and Bridges (Away from the U.S. Dollar)
This past week has been a real turning point in the de-dollarization trend we’ve been talking about in these pages.
Funny enough, the media seems to be completely oblivious to most of it. Perhaps intentionally so.
As I told you earlier this week, the 50-year petrodollar agreement between Saudi Arabia and the United States is no more, with no new deal in place.
But, we mostly heard crickets from the Western mainstream media…
And just as I was writing about that, something else closely related was happening in Russia. This is from TASS, the Russian News Agency…
NIZHNY NOVGOROD, June 10. /TASS/. Delegates from 22 countries are expected to take part in the meeting of the BRICS foreign ministers in Nizhny Novgorod, the organizers told journalists.
According to the organizers, representatives from Russia, Brazil, China, Egypt, Ethiopia, India, Iran, South Africa, and the United Arab Emirates (UAE) are taking part in sessions on Monday and representatives from Bangladesh, Bahrain, Belarus, Cuba, Kazakhstan, Laos, Mauritania, Saudi Arabia, Sri Lanka, Thailand, Turkey, Venezuela, and Vietnam are expected to attend events on Tuesday, June 11.
The majority of the participating countries are represented by ministers.
Meanwhile, once again, awkward silence from the Western media. Here’s a screenshot I’ve taken of my Google results to illustrate. Not even one of these reports came from the West…
This is suspiciously odd given that….
- BRICS collectively hold 32% of the world’s GDP, surpassing the 30% held by the G7 countries.
- BRICS represent nearly half of the world’s population.
- BRICS nations produce about 42% of global crude oil output.
Needless to say, it’s fair to say that BRICS isn’t just any bunch of countries. This makes it doubly weird how the mainstream media chose to ignore this.
…click on the above link to read the rest of the article…
