BRICS Just Built the System that will Replace the Dollar
BRICS Just Built the System that will Replace the Dollar
Cyrus Janssen: 10-6-2025
For the past 80 years, the US dollar has been the undisputed king of global finance, its dominance underpinning the world’s economic order.
But a seismic shift is underway, spearheaded by the BRICS alliance – Brazil, Russia, India, China, and South Africa – that promises to fundamentally reshape the financial landscape.
They’re not just talking about it; they’re building it – a groundbreaking, resource-backed financial system designed to challenge Western hegemony and usher in a new era of economic sovereignty.
At the heart of BRICS’ revolutionary vision is the establishment of a dedicated precious metals exchange. This isn’t just about trading gold; it’s about enabling payments directly in gold and rare earth minerals.
This strategic move leverages BRICS’ formidable control over 72% of the world’s rare earth mineral reserves. These aren’t just obscure elements; they are the irreplaceable components of modern technology, from smartphones to electric vehicles, and crucially, advanced military hardware.
This unparalleled control over essential resources grants BRICS unprecedented geopolitical leverage.
This pivot isn’t happening in a vacuum. It’s a direct counter to a global financial system that has historically been controlled by Western institutions like the London Metal Exchange and the SWIFT payment network.
The weaponization of these systems – particularly the exclusion of Russia from gold trading and payment networks following the conflict in Ukraine – served as a stark reminder of the vulnerabilities inherent in a centralized, Western-dominated architecture.
BRICS’ new exchange aims for independent, transparent financial mechanisms, enabling fair pricing free from unilateral Western sanctions and undermining the ability to enforce financial controls on sovereign nations.
Indeed, the signs of the dollar’s receding global tide are becoming increasingly undeniable. Nearly 70% of BRICS trade now bypasses the dollar, with nations like Russia and China increasingly conducting bilateral trade in their own national currencies.
Consequently, global dollar reserves are at their lowest since 2000. Even the dollar’s strategic cornerstone, the petrodollar, is losing ground as Saudi Arabia begins accepting the yuan for some oil sales.
Meanwhile, BRICS nations are actively amassing gold reserves and developing alternative financial infrastructures, such as China’s gold vault for foreign central banks, providing robust protection against Western sanctions.
Africa, with its vast untapped mineral wealth, is a crucial chess piece in this new game. The continent is increasingly integrating into this new system, leveraging its abundant natural resources to become a significant player in the rare earth mineral market.
Countries like Angola and Nigeria are investing heavily in mining and processing, eager to channel new wealth through BRICS-backed markets rather than Western-controlled systems.
For the United States, this evolving landscape presents particular challenges. A significant lack of domestic rare earth mineral production, especially for critical materials like nobbium – which Brazil largely controls – creates a substantial dependency.
This reliance directly undermines US military capabilities, given that many advanced weapons systems are built with these very elements. China’s near-monopoly on rare earth mineral processing further exacerbates the West’s vulnerability, creating a bottleneck that can be exploited.
In essence, what BRICS is meticulously constructing is a counter-narrative to the prevailing dollar-based, debt-heavy Western model.
Their new global order emphasizes tangible assets, economic sovereignty, and the undeniable power that comes from controlling essential resources.
This is more than just a financial maneuver; it’s a declaration of economic independence and a historic rebalancing of global power. The world is witnessing a monumental shift in global trade and finance, with BRICS at the forefront, forcing the West to either adapt to this new reality or risk obsolescence.
Want to dive deeper into this monumental shift? Watch the full video from Cyrus Janssen for further insights and information.