Sean Foo: BRICS Payments System to Cancel USD Threat, Russia Trading System to Wipeout US Farmers

As the world turns its gaze to the highly anticipated Kazan BRICS Summit, excitement and trepidation fill the air. The discussions and resolutions that arise from this summit will undoubtedly have far-reaching effects on the global economy—none more so than Russia’s ambitious agenda to establish a BRICS payment and trading system. This initiative is set to transform the dynamics of international trade, raise significant questions about the dominance of the US dollar, and place additional risks on vulnerable sectors, including American agriculture. The BRICS nations—comprising Brazil, Russia, India, China, and South Africa—have long sought to create a new economic bloc…