The Great Reset: BRICS trap? – Is mBridge the final system and solution for wholesale CBDCs?

"The primary purpose of of mBridge is to make it possible for its users to bypass the existing US centric financial system. This not only includes bypassing SWIFT but also bypassing all intermediary banks in crossborder transactions as well as the US dollar in Forex Trading. For reference the US dollar is basically a bridge currency especially for large transactions." 

"BRICS technically isn't an established organization. For a time being, BRICS+ is effectively a club consisting of countries from the global South. It doesn't have a headquarters, an official website or even a charter with its stated aims. This is presumably because the BRICS countries need to establish a financial system before establishing an organization. To put things into perspective, the UN which is control by the West was only established after the Bretton Woods system had been set up. A big of why the Bretton Woods system became so powerful was because of institutions like the IMF and the World Bank which practically trapped foreign countries with dollar denominated debts that had lots of string attached. If history is of any indication, this means the BRICS need to take a similar path."

Note: Thailand just recently announced their digital wallet with free 10,000 baht attached to it in an effort to lure unsuspecting population to sign up for their CBDC. See post here.

More in the Coin Bureau video with Guy.

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