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Home Type Curated

Thailand Announces Intention to Join BRICS, Accelerating Dollar’s Demise

by Cassie B., Natural News
June 2, 2024
in Curated, Opinions
BRICS
At last, a conservative news aggregator that does not bow to the woke right.

(Natural News)—Thailand has announced its intention to become a member of the BRICS economic bloc in a move that could accelerate the demise of the U.S. dollar.

This is according to Thai government spokesman Chai Wacharonke, who said in a statement that the country’s cabinet in Bangkok has now given the go-ahead to an official letter of intent.

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Chai reported that Thailand underscored in its letter the importance of multipolarity and the rising role that developing nations like Thailand are playing on the international stage. The country believes its vision for the future aligns with BRICS principles.

Thailand also identified a number of ways they believe joining BRICS would be beneficial, including the chance to participate in shaping a new world order and taking on a greater role in the international arena. If it is approved, Thailand would be the first Southeast Asian member of BRICS.

Thailand is just one of several non-member countries that has been invited to participate in a BRICS summit in October with a view to eventually joining the coalition. According to Chai, their attendance there could accelerate their application.

BRICS was originally made up of Brazil, Russia, India, China and South Africa. Earlier this year, Ethiopia, Iran, the United Arab Emirates and Egypt joined their ranks. Other countries that have expressed a desire to join include Venezuela, Senegal, Pakistan, Belarus, Cuba, Bahrain and Kazakhstan.

Is the dollar on its way out?

The addition of Thailand would bolster the growing financial power of BRICS and its desire to move away from the dollar. The coalition is considered a competitor in an international order that is currently led by developed economies in Europe and the United States. The recently expanded bloc now accounts for roughly 30% of the global economy as well as a population of 3.5 billion, or 45% of the global population. Crucially, it accounts for more than 40% of global oil production.

BRICS countries have been working toward creating a single currency that will enable them to reduce their dependence on the U.S. dollar, which could cause shock waves in the current global economic power hierarchy.

With their own common currency, BRICS countries would be able to carry out trade without using American dollars, reducing the supply and demand of the dollar and possibly weakening its value.

In addition, it would chip away at the dollar’s current position as the main reserve currency for global trade. Right now, many countries keep dollar reserves to provide economic stability; they could seek to diversify their reserves in the presence of an alternative BRICS currency, which would further weaken the dollar’s dominance and influence on the global stage.

At the same time, a common currency could enable BRICS nations to bolster their own local currencies, challenging the dollar in foreign exchange markets.

BRICS nations are also looking to move away from the dollar to diminish the impact of financial sanctions from the West, as was recently seen when the Western financial system SWIFT cut off Russia following its activities in Ukraine in 2022. Nearly half of all of Russia’s foreign currency reserves were frozen. Later the same year, the U.S. restricted exports of semiconductor technology to China.

A senior visiting fellow at the London School of Economics, Shirley Ze Yu, told Al Jazeera: “As the US weaponises the dollar in the Russian and Iran sanctions, there is increasing desire by other developing countries to seek alternative currencies for trade, investment, and reserves, as well as developing alternative multilateral clearance systems outside of SWIFT.”

As BRICS continues to expand its footprint, it is just a matter of time before the dollar is knocked off its throne.

Advisor Bullion Surge

Sources for this article include:

  • RT.com
  • Asia.Nikkei.com
  • AlJazeera.com
Show Fastest Growing





Two Storms, One Harvest

Empty Shelves

Every food crisis in living memory has been a one-shock event. The 2008 price spike was a commodity bubble. The 2020 shortages were a logistics failure. The 2022 grain scare was a war on one exporter’s ports. Each time, the system bent, adjusted, and recovered, and each time the experts assured us afterward that global markets are simply too big and too diversified to fail.

What nobody in Washington seems eager to discuss is that 2026 is shaping up to be something the modern food system has never actually faced. Two independent shocks, one climatic and one geopolitical, are converging on the same harvest cycle at the same time. Not sequentially. Simultaneously.

Start with the weather. The Pacific Ocean is currently building toward what forecasters now openly call a record event. NOAA’s Climate Prediction Center puts the odds of at least a strong El Niño near 88 percent, with roughly two in three odds it reaches “very strong” status, the tier reserved for perhaps three or four events in the entire satellite era. Every major global model now projects a median peak in Super El Niño territory, and most of them project it exceeding the 2015-16 event, which until now held the modern record. Sea surface anomalies were already brushing the super threshold in mid-July, months before these events normally peak. The atmosphere has already shifted into El Niño mode, and the event is forecast to crest in late fall and early winter.

This is not about “climate change.” It’s about the standard cycles of weather, and the cycle we’re currently in is one that has likely devastated societies in the past. We’re better prepared as a society today, but not all Americans are equally prepared.

Serious households have started doing the quiet math on their own. Grocery bills tell part of the story, and the forecast maps tell the rest, which is why long-term food storage has moved from fringe hobby to mainstream line item in the family budget, with established suppliers like Heaven’s Harvest seeing demand from people who five years ago would have rolled their eyes at the idea. That instinct is not paranoia. It is pattern recognition, and the pattern is worth walking through carefully.

Editor’s Note: Heaven’s Harvest IS a sponsor, but the warnings of this article are real and would be written even if we didn’t have a survival food sponsor. With that said, those who take advantage of what they offer can use promo code “Patriot” for 15% off.

The Fertilizer Clock Is Already Running

While the Pacific warms, the second shock has been unfolding in the Strait of Hormuz. The conflict with Iran turned the world’s most important energy chokepoint into a contested waterway, and the consequences reach far beyond the gas pump. Roughly a third of global fertilizer trade moves through Hormuz, and the disruption sent urea prices up 86 percent year over year by March, with a 53 percent jump in a single month.

The World Bank projects energy prices rising about 24 percent in 2026 and fertilizer about 31 percent. By its own accounting, fertilizer prices ran 35 percent higher in the first five months of this year than the same period last year.

Here is the mechanism the nightly news will not explain. Fertilizer is not a grocery item. It is a time-delayed input. The nitrogen a farmer in Iowa or Punjab could not afford to apply this spring does not show up as a problem this spring. It shows up as a thinner harvest six to twelve months later.

The World Bank’s own food security brief concedes that the effects of reduced applications earlier this season “are likely to become visible only later in harvest outcomes.” Translate that from institutional language into plain English and it means this. The damage is already done, it is already in the ground, and we are simply waiting for it to arrive on the shelf.

Now check the calendar. Six to twelve months from the spring planting season lands us squarely in late 2026 and early 2027. Which is precisely when the strongest El Niño in the instrumental record is forecast to peak, bringing its signature droughts to Southeast Asia, Australia, southern Africa, northern Brazil, and South Asia, the very regions that grow the world’s rice, sugar, and oilseeds.

The World Bank warns openly that a strong El Niño “could disrupt multiple crop belts simultaneously” on top of the conflict-driven input costs. Their baseline projection assumes the Middle East disruptions ease by autumn. What in the last two years of Middle East history suggests that assumption is safe?

The System Has No Slack Left

The comfortable answer is that global markets always adjust. But adjustment requires slack, and the slack is gone. Global cereal production is expected to decline from last year’s records even before El Niño does its work. The UN World Food Programme, hardly a den of right-wing preppers, is calling this the most significant disruption to its supply chains since Covid and the invasion of Ukraine, and its supply chain director put the stakes bluntly.

Today’s supply chain challenges are tomorrow’s hunger crisis.

There is also a political dimension that markets cannot price. When food gets scarce, governments do not behave like economists. They behave like politicians. Export bans, hoarding mandates, and panic buying at the national level turned the modest rice shortfall of 2008 into a global crisis, and analysts are already warning that import-dependent nations are the first dominoes.

The 2015-16 Super El Niño, a far weaker event than what is now forecast, threw tens of millions into food stress across Africa and Asia. This one is projected to be stronger, and it arrives with fertilizer already rationed by price and shipping lanes already contested by missiles.

What Joseph Knew

Scripture does not treat preparation for lean years as faithlessness. It treats it as wisdom delivered in advance to those willing to act on it.

Behold, there come seven years of great plenty throughout all the land of Egypt: And there shall arise after them seven years of famine; and all the plenty shall be forgotten in the land of Egypt.

Joseph did not respond to that warning with a hashtag or a committee. He stored grain during the years of abundance, and when the famine came, Egypt stood while its neighbors begged. The lesson is not that famine is certain. It is that the time to prepare is precisely when preparation still looks optional.

Nobody who filled a pantry in a year of plenty has ever regretted it, and nobody standing in an empty aisle has ever been glad he waited for certainty.

None of this calls for panic, and panic is the enemy of sound judgment anyway. It calls for the same unglamorous prudence our grandparents considered ordinary. Keep some cash margin, know your local growers, and put real food in deep storage while it is cheap and available, because the entire arc of this story is that cheap and available is a closing window.

Families looking for a straightforward place to start can visit Heaven’s Harvest and use promo code Patriot for 15 percent off long-term storable food. The forecasts may yet soften, the strait may yet reopen, and we should pray they do. But hope is a fine thing to hold and a foolish thing to eat.

Tags: BRICSLedeNatural NewsThailandTop Story
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