BRICS to Replace IMF and World Bank with ‘New World Order’

Alright, folks, here’s something you’ll want to pay attention to. The BRICS bloc (Brazil, Russia, India, China, South Africa) is ramping up efforts to shake things up globally. Russia’s at the helm right now, and they’ve made it clear that they’re not interested in sticking to the current game plan. Instead, they’re calling for an alternative to the IMF and the World Bank—two institutions that have long been dominated by Western powers.

A Shift Away From the Western-Controlled System

Russia’s Finance Minister, Anton Siluanov, just met with top BRICS officials and didn’t mince words. He pointed out that the current global financial system, especially the IMF and World Bank, is built to benefit Western nations—not BRICS members, which together account for 37% of the world economy. Siluanov said, "The IMF and the World Bank are not performing their roles... It’s time for new institutions within the BRICS framework."

And why now? Well, sanctions slapped on Russia have frozen their reserves in dollars and euros, cutting the country off from global capital markets. This has forced Russia to take matters into their own hands, and BRICS could be their ticket to breaking free from Western control.

Putin’s Vision: A New International Order

Russian President Vladimir Putin is fully backing this move. He’s been very vocal about building what he calls a “new world order,” one that isn’t dictated by the West. During an international forum in Turkmenistan, he opened the door for dialogue with like-minded countries to help shape this new multipolar world. With the BRICS summit coming up on October 22-24 in Kazan, this could be a major turning point.

And it's not just Russia that's ready for change. Iran, which has been under increasing pressure from the West (especially the U.S.), is expected to sign a strategic partnership with Russia at the upcoming summit. Iran’s President, Masoud Pezeshkian, even hinted that their countries’ positions are “much more similar” compared to other nations, signaling stronger ties between these two as they work together in BRICS.

BRICS Expansion: A Growing Powerhouse

Let’s talk numbers for a second. BRICS currently makes up more than 30% of the world’s landmass, with 45% of the global population. They produce 40% of the world’s oil and handle about a quarter of global exports. That’s a pretty big slice of the pie, and they’re only getting stronger.

Looking ahead, by 2028, the GDP of BRICS countries (in purchasing power parity terms) is expected to account for 37% of the global total, while the G7’s share could drop to 27%. That’s a significant shift in economic power, folks, and it’s one you can’t ignore.

De-Dollarization: BRICS Moves Away From Western Currencies

A major theme for BRICS right now is de-dollarization. These countries are making a concerted effort to move away from the U.S. dollar and euro in their trade and financial dealings. In fact, nearly two-thirds of their payments are now being made in national currencies, with the Russian ruble playing a big role. The share of transactions in dollars and euros has dropped below 30%, and BRICS is working on new financial platforms to make it even easier to conduct business without relying on Western currencies.

What This Means for You

This push by BRICS to create their own financial system and reduce reliance on Western currencies is huge. It’s part of a broader trend where global power is shifting away from the traditional centers in the U.S. and Europe. As they build this new system “brick by brick,” it’s going to have ripple effects across the global economy—and likely impact the value of the U.S. dollar, which has long been the world’s reserve currency.

So, what should you do? If you’re concerned about the future of the dollar and what this BRICS-led shift could mean for your savings and investments, now’s the time to take action. As countries like Russia move away from the dollar, its value could erode even faster, and that puts your wealth at risk.

Take Action Now
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Stay informed, stay prepared, and keep stacking, folks!