BRICS Hegemony Over the USA

Empires rise and fall, but Christ's Kingdom is unshakeable.

The English word hegemony means “influence, authority, or dominance of one country or social group over others.”

Hegemony needs to be a word you understand, including how it’s pronounced differently in Britain compared to the USA. You must understand hegemony because the United States has had it, but…

Hegemony is changing.

The BRICS Nations Add Six

BRICS is an acronym for Brazil, Russia, India, China, and South Africa.

This week (August 23-25, 2023), leaders of BRICS nations met in South Africa and added six new countries.

The significance of this action is best understood visually (Click on the link to see the entire visual chart, credit to The Visual Capitalist).

Since the beginning of the 20th century, the USA has had hegemony over other countries because the American dollar has been the world’s reserve currency.

The 214 Central Banks around the world hold the world’s reserve currency in their vaults to trade assets like oil, imports/exports, government treasuries, etc.

No more.

Central Banks are no longer adding dollars to their reserves. They are adding gold at a record rate.

Why?

The Coming U.S. Default