By Seton Motley

One of the very few beneficiaries of this idiocy has been the Big Banks. One-third of a billion Americans spending most of their days spending? Is great for the people issuing the credit cards and loaning the dollars.

But what if something major happens to those dollars? Like, say, about half of the planet’s population halting its use as the default planetary currency?

This is increasingly becoming a possibility. Behold the BRICS-Plus countries:

(A)n association of the countries Brazil, Russia, India, China and South Africa….On January 1, 2024, the 5 countries Iran, Saudi Arabia, United Arab Emirates, Egypt and Ethiopia joined the alliance. Indonesia joined in January 2025. In total, BRICS Plus now comprises eleven countries that are emerging economies.

A total of 3.93 billion people live in these eleven countries, making up 48.70 percent of the world’s population….The BRICS Plus countries also generate 28.12% of all global gross domestic products.

The BRICS-Plus countries are paying attention to what the US is doing to itself. And they can do math. So this is happening…: 

BRICS is taking bold steps to reduce dependence on the US dollar and establish a multipolar financial system….

This is enough of a chunk of the planet to matter. But…how did we get here?

The US government has spent the last century-plus dramatically devaluing its dollar. A practice massively accelerated when it took the dollar off the gold standard. Domestically in 1933 — in totality in 1971.

The 1971 move away from gold was the long-range kill shot. The US dollar has lost 87% of its value since then. And the US government, untethered from reality by the fake money it created? EXPLODED the national debt. The debt in 1971 was $398 billion. It is now $37+ trillion — and skyrocketing upwards.

What has nigh every government in history done to mitigate its debt on its way to insolvency? Devalue its currency…:

Currency devaluation is an economic policy by a country’s government to weaken the value of its currency. Ever since world currencies abandoned the gold standard and allowed their exchange rates to float freely against each other, there have been many currency devaluation events that have hurt not only the citizens of the country involved but have also rippled around the globe….

A government may be incentivized to encourage a weak currency policy if it has a lot of government-issued sovereign debt to service on a regular basis.

The US dollar is already down 87% in a little over a half century. And now we have HUGE debt. So, guess what’s coming next?

All of this mess gets exponentially worse when the currency being re-devalued is the default global currency:

(B)etween 1999 and 2019, the dollar accounted for 96% of international trade transactions in the Americas, 74% in Asia and 79% around the rest of the globe. Globally, banks used dollars for approximately 60% of their nondomestic deposits and loans. And in the foreign exchange market today, the U.S. dollar is on one side of almost 90% of all transactions.

The US dollar’s ongoing implosion is making BRICS-Plus a little antsy…:

Russia and Iran’s decision to abandon the US dollar for their trade agreements aligns seamlessly with the broader strategy of the BRICS bloc, which has long championed the need for a more diverse, multipolar global financial system…. 

The bloc has consistently advocated for a global economic order where no single currency dominates trade and finance, empowering nations to pursue economic sovereignty. As part of this vision, BRICS countries have been actively exploring mechanisms to settle trade in local currencies, thus diminishing their exposure to the US-led financial system and its inherent risks.

Which brings us back to the Big Banks. They have long been the big financiers of our failed Globalism. When the US government isn’t printing dollars? They’re borrowing LOTS of them from the Big Banks.  

Should BRICS-Plus stop using the US dollar? The Big Banks go from holding LOTS of US debt — to holding the bag:

As the reliance on US dollars diminishes, central banks will begin dumping their dollar reserves. This will result in hyperinflation, a spike in interest rates to compensate for the loss of purchasing power, and falling asset prices, further accelerating US decline.

Which is bad for the Big Banks. And, of course, every American. And LOTS of other people.

You can’t blame BRICS-Plus for noticing — and doing the math.

President Donald Trump sees which way the wind is blowing…:

‘The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER. We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy,’ Trump posted on Truth Social….

Except the more BRICS-Plus moves away from the US dollar? The less of a threat US tariffs are.  

Because the less BRICS-Plus uses US dollars? The more the US economy implodes. And the less BRICS-Plus cares about access to it.

The Big Banks are pretending things aren’t as bad as they are. Because of course. But cracks are beginning to show…:

Within the next 40 years, the US dollar’s reign as the global reserve currency could come to an end, warned JP Morgan CEO Jamie Dimon, citing accelerated de-dollarization efforts by BRICS nations, recently.

Forty years isn’t so much prognostication as it is wishful thinking.   

Because the planet’s nations are preparing for a post-US world. Right now. Because they notice — and can do math.

And the globalization the US began? Is ending the US.  

Isn’t it ironic?  Don’t you think?