Key points:
Pan Gongsheng’s recent speech in Shanghai framed the decline of the dollar as an inevitable evolution, citing the euro’s rise and China’s growing financial clout since the 2008 crisis. But this narrative ignores the deliberate groundwork laid by institutions like Goldman Sachs, which first coined the term "BRICS" in 2001 as a roadmap for economic realignment. Far from a grassroots movement, the BRICS bloc—now expanded to include South Africa—was always a top-down project, designed to shift economic influence while keeping globalist structures intact.
As Rolo Slavskiy noted in his analysis, multipolarism is not a dismantling of globalism but a rebranding—a system where regional elites enforce the same agenda under different banners. Vladimir Putin, often portrayed as a challenger to Western hegemony, has continued the same globalist policies as his predecessor Boris Yeltsin. The same can be said of China’s Communist Party, which champions "de-dollarization" while constructing a dystopian social credit system that links currency to behavior.
The last major monetary overhaul occurred in 1944 with the Bretton Woods agreement, which cemented the dollar’s dominance as the world’s reserve currency. That system, crafted by Western powers, also birthed the IMF and World Bank—institutions that have since enforced austerity and debt slavery on developing nations. Now, as Pan and European Central Bank President Christine Lagarde discuss a "new global currency order," history warns that such transitions rarely empower the masses. Instead, they redistribute control among the same financial architects.
Even the proposed use of IMF Special Drawing Rights (SDRs)—a basket of currencies—as an alternative to the dollar raises red flags. SDRs are still governed by the IMF, an institution historically aligned with Western interests. As Sam X of the Uncharted Territory Podcast observed, "Rome never falls. It just moves location and goes underground." The real power, he argues, remains concentrated in the three City States: London, the Vatican, and Washington, D.C.
China’s aggressive accumulation of gold—a hedge against dollar collapse—has been framed as a move toward financial sovereignty. Yet, this strategy aligns perfectly with Goldman Sachs’ 2003 prediction that BRICS nations would eclipse Western economies by 2039. What the cheerleaders of this transition omit is the accompanying surveillance infrastructure. A multi-polar currency system won’t just mean competing reserves—it will mean digital IDs, programmable money, and social credit scores dictating access to capital.
The Financial Times, Goldman Sachs, and global central banks aren’t heralding freedom; they’re scripting a more efficient form of control. The question isn’t whether the dollar will fall—it’s who will profit from its demise.
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