Changes

The [[United States]] under the [[Biden regime]] moved to ''de facto'' [[steal]] USD $300 billion held in foreign banks that belongs to [[Russia]] via a scheme ostensibly meant to fund [[Ukraine aid]].<ref>https://www.businessinsider.com/us-eyes-using-300-russia-frozen-assets-help-ukraine-backfire-2023-12</ref> Acts like these is what essentially drives the BRICS nations to pursue a new settlement and payment infrastructure that would bypass use of [[US dollars]] (USD) or [[euro]], thus protecting the system's users from the United States and [[European Union]] using their currencies to [[blackmail]] other countries into compliance with [[the West]]'s wishes.<ref>[https://www.theatlantic.com/international/archive/2025/02/america-russia-sanctions/681779/ How America Wasted Its Most Powerful Economic Weapon], By Edward Fishman, ''[[The Atlantic]]'', February 24, 2025.</ref> For example, the United States routinely employs or threatens [[economic sanctions]] against countries if they do not de-criminalize [[homosexuality]] or legalize [[gay marriage]], alleging those countries to be "[[human rights]] violators".<ref>[https://scholarlycommons.law.emory.edu/eilr-recent-developments/36 Ryan J. McElhose, Are Threats to Impose Financial Sanctions an Effective Approach for the United States to Protect LGBTQ Rights in Africa?], 37 1 (2023). Emory University School of Lasw Commons</ref> Even a change of administration in the United States cannot repair the loss of [[confidence]] and broken [[trust]] in the global financial system or assure such "[[rules based order]]" [[tactics]] would not occur again in the future to any party or nation participating in the [[SWIFT]] network.<ref>https://www.theinteldrop.org/2023/02/15/rules-based-world-order-vs-international-law/</ref>

The [[United States]] under the [[Biden regime]] moved to ''de facto'' [[steal]] USD $300 billion held in foreign banks that belongs to [[Russia]] via a scheme ostensibly meant to fund [[Ukraine aid]].<ref>https://www.businessinsider.com/us-eyes-using-300-russia-frozen-assets-help-ukraine-backfire-2023-12</ref> Acts like these is what essentially drives the BRICS nations to pursue a new settlement and payment infrastructure that would bypass use of [[US dollars]] (USD) or [[euro]], thus protecting the system's users from the United States and [[European Union]] using their currencies to [[blackmail]] other countries into compliance with [[the West]]'s wishes.<ref>[https://www.theatlantic.com/international/archive/2025/02/america-russia-sanctions/681779/ How America Wasted Its Most Powerful Economic Weapon], By Edward Fishman, ''[[The Atlantic]]'', February 24, 2025.</ref> For example, the United States routinely employs or threatens [[economic sanctions]] against countries if they do not de-criminalize [[homosexuality]] or legalize [[gay marriage]], alleging those countries to be "[[human rights]] violators".<ref>[https://scholarlycommons.law.emory.edu/eilr-recent-developments/36 Ryan J. McElhose, Are Threats to Impose Financial Sanctions an Effective Approach for the United States to Protect LGBTQ Rights in Africa?], 37 1 (2023). Emory University School of Lasw Commons</ref> Even a change of administration in the United States cannot repair the loss of [[confidence]] and broken [[trust]] in the global financial system or assure such "[[rules based order]]" [[tactics]] would not occur again in the future to any party or nation participating in the [[SWIFT]] network.<ref>https://www.theinteldrop.org/2023/02/15/rules-based-world-order-vs-international-law/</ref>

==Bricks+ Reserve Fund==

==BRICS+ Reserve Fund==

 

The Bricks+ Reserve Fund was created, a $150 billion pool capitalized by [[Russia]], [[China]], [[India]], [[Saudi Arabia]], [[UAE]], and other nations wary of [[Collective West|Western]] [[financial]] weaponization. The fund's purpose to provide liquidity and financial stability for countries that faced Western [[economic sanctions]] or asset freezes. It is sort of an alternative

The BRICS+ Reserve Fund was created, a $150 billion pool capitalized by [[Russia]], [[China]], [[India]], [[Saudi Arabia]], [[UAE]], and other nations wary of [[Collective West|Western]] [[financial]] weaponization. The fund's purpose to provide liquidity and financial stability for countries that faced Western [[economic sanctions]] or asset freezes. It is sort of an alternative

[[IMF]] for the sanctioned and the nervous. But the real [[innovation]] was the mechanism. The fund would accept sovereign assets for safekeeping. But these assets would be held in distributed custody across multiple non-Western jurisdictions. No single country could freeze them. No Western court could seize them. The assets were [[legal]]ly structured to be seizure proof.

[[IMF]] for the sanctioned and the nervous. But the real [[innovation]] was the mechanism. The fund would accept sovereign assets for safekeeping. But these assets would be held in distributed custody across multiple non-Western jurisdictions. No single country could freeze them. No Western court could seize them. The assets were [[legal]]ly structured to be seizure proof.