Seeds of Wisdom RV and Economics Updates Saturday Afternoon 10-4-25
Good Afternoon Dinar Recaps,
BRICS Dollar Devaluation Advances With New Payment Systems
As BRICS nations build their own financial rails and lean on gold, the dollar’s grip is under direct challenge.
Payment Infrastructure: Building Alternatives to SWIFT
● At the Rio summit, BRICS leaders discussed a guarantee fund to undergird BRICS Pay, intended for local currency settlement without resort to Western banking networks.
● The bloc is shifting focus from grand unified currency schemes to interoperable payment systems and national rails, per analysts at GIS Reports.
● BRICS Pay is a decentralized messaging mechanism where member nations route payments via local currency systems
● While technical and regulatory gaps remain, prototypes and pilot links (e.g. between SPFS, CIPS, UPI, Pix) are being tested to bypass SWIFT.
Gold & Local Currency Strategy: Anchors for De-Dollarization
● BRICS nations now hold over 6,000 tons of gold — about 20-21% of global central bank reserves. Russia and China together control nearly three-quarters of that total.
● This accumulation acts as a hedge and backing for alternative currency initiatives and reduces exposure to dollar volatility.
● Trade among BRICS states increasingly uses settlement in national currencies, reducing the need for dollar liquidity and hedging.
Competing Views, Internal Tensions & Rebalancing
● Some analysts argue BRICS is pulling back from aggressive de-dollarization, focusing instead on gradual shifts in trade settlement.
● Indian officials maintain that while BRICS jointly explores alternatives, they have no intention to undermine the U.S. dollar outright.
● Political pressure from the U.S. — including threats of tariffs — adds complexity. Russia has responded by distinguishing between a settlement system and a new currency, signaling continued work despite external pressure.
● Diverse economic structures, regulatory standards, currency convertibility, and trust among states pose serious technical and institutional hurdles to full integration.
The Shift: Out With the Old, In With the New
Traditional dollar-based networks and financial dominance are being contested
BRICS is investing in alternative rails, backed by tangible assets and local currency trade
Power over payment systems, reserve strategies, and settlement becomes a core battlefield
In effect, we are witnessing a structural reconfiguration of global finance, where decentralized, sovereign-controlled systems are replacing old hierarchies.
Why This Matters / Key Takeaway
BRICS’ push for dollar-free payment systems and gold-backed safeguards is not just incremental — it’s rearchitecting how trade, credit, and capital move globally. As dollar dependency weakens, new centers of financial gravity emerge.
This is not just politics — it’s global finance restructuring before our eyes.
@ Newshounds News™ Exclusive
Sources & Further Reading
Watcher.Guru – BRICS Dollar Devaluation Advances With New Payment Systems Watcher Guru
GIS Reports – BRICS making incremental progress in dollar-free trade GIS Reports
InvestingNews – How Would a New BRICS Currency Affect the U.S. Dollar? Investing News Network (INN)
Wikipedia – BRICS Pay Wikipedia
Reuters / news – India says BRICS have no interest in weakening USD Reuters
Reuters / news – Russia says threats won’t stop BRICS payment work Reuters
The Guardian – Putin calls for alternative payment system at BRICS summit The Guardian
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