Guests – Ava Chen, Betsy Smith, Katel McPherson, Charisia Arnold
China Watch: BRICS and the CCP's Long-Term Strategy to Destroy the US Dollar
The Origins and Expansion of BRICS
Each Wednesday, we focus on understanding the influences of other world powers on the United States through China Watch Wednesday. Today we explore BRICS, an intergovernmental organization of emerging market economies aiming to increase their influence in global affairs. The acronym stands for Brazil, Russia, India, China, and South Africa.
BRICS started in 2006 with just four countries: Communist China, India, Russia, and Brazil. The Chinese Communist Party (CCP) was the primary organizer behind this coalition. In 2009, South Africa verbally agreed to join, officially attending the BRICS summit in 2010. Since then, the organization has expanded to include Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates.
2006 was a significant year for Xi Jinping, who officially gained prominent positions within the Chinese Communist Party. He became the vice president of the People's Republic of China and the vice chair of the Central Military Commission. These appointments set him on a trajectory that would see him become the head of the CCP in just six years.
BRICS: A Plot to Destroy the US Dollar
The primary goal of BRICS is to replace the US dollar as the world's reserve currency. Currently, the Chinese RMB accounts for only about 3.75% of global payment currency according to the latest SWIFT reports. While this percentage might seem insignificant, the threat lies in China's strategy to build trade volume and form alliances with other countries.
BRICS aims to reduce dependence on Western-dominated institutions like the World Bank and the International Monetary Fund. The organization has established the New Development Bank, signed in 2014 and controlled by the CCP, to further this goal.
The CCP's strategy extends beyond BRICS. They've created other initiatives like the Belt and Road Initiative, which involves nearly 150 nations that have signed agreements accepting CCP loans for infrastructure projects including roadways, airports, and telecommunications. These projects often come with surveillance capabilities, giving China control over communications in these nations.
The Shanghai Cooperation Organization is another entity with similar goals to BRICS and the Belt and Road Initiative, focusing on intelligence, security agreements, financial cooperation, and political alliances.
The Gold Strategy and Digital Currency
In 2006, the CCP began planning a blockchain-based alternative currency called CCPV. This predates Bitcoin, which emerged in 2008. The plan involved persuading dozens of countries to transport large amounts of gold from the US to Hong Kong, while providing cheap loans to countries around the world to store their gold in China.
The CCP's pitch to other nations was threefold:
Store your gold in China's supposedly ultra-secure facilities
For each gold bar stored, China would match it with one of their own
China would provide loans in US dollars equivalent to the value of the stored gold, with favorable interest rates
This arrangement essentially means China is buying the gold while allowing the original country to maintain ownership. According to intelligence shared by Miles Guo of the New Federal State of China movement, 15 countries had already accepted this arrangement by 2021, with 19 countries having signed agreements.
The gold is reportedly stored in Hong Kong, specifically on Lantau Island (Da Yuxian) underneath a large Buddha statue. As of 2021, temporary storage was at Sai Kung Prison, adjacent to a military base, while the permanent facility was under construction.
The Global Financial System and US Dollar Dominance
To understand the significance of the CCP's strategy, we must look at the history of the US dollar as the world's reserve currency. After the 1934 Gold Reserve Act, the US dollar was backed by gold at $35 per ounce. This system expanded globally through the 1944 Bretton Woods agreement, cementing the dollar's position in international trade.
In the early 1970s, the US moved away from the gold standard, and currencies began floating against each other. Since then, the US dollar has been backed primarily by trust in the American government and its economy.
The CCP recognizes that breaking this trust is key to unseating the dollar. Their infiltration strategy began decades ago through what they call "BGY" - building relationships through business partnerships, joint ventures, marriages between Chinese nationals and Westerners, and other forms of influence.
These efforts helped China gain entry into the World Trade Organization, which facilitated the transfer of wealth from American working-class citizens to China. Chinese citizens became the world's factory workforce, earning minimal wages while producing essential goods for global consumption.
The Coming Financial Crisis and Gold Audit
Miles Guo predicted in 2021 that the world is approaching another financial crisis, partially due to the CCP's "financial bombs" - cheap products, lies, Ponzi schemes, and inflated books that mask the true state of their economy.
As we transition to a more digital world, paper money will gradually decline in importance. After the predicted financial crisis, we may see a return to a gold standard-backed digital currency. Donald Trump has expressed preference for returning to the gold standard as early as 2015.
There's concern about the upcoming gold audit in the United States. The CCP's strategy may be to destroy trust in the US dollar by revealing that the gold reserves aren't all there. This would devastate confidence in US currency and potentially accelerate the shift toward alternative systems.
Aaron's Law: Protecting Children from Sexual Abuse
Shifting focus to domestic concerns, Arizona is one of 12 remaining states that has not yet adopted Aaron's Law, which provides education in schools to parents, teachers, and students on how to avoid being groomed for sexual abuse.
Aaron's Law is already federally required, but states must individually adopt it through their departments of education. The law has gained international adoption, recently passing in Ontario, Canada, and a state in India. Yet Arizona remains resistant.
The Arizona Department of Education under Superintendent Tom Horn supports this training and has increased school resource officers to build trust with students. However, there's concerning opposition from the Arizona Educators Association, who claim it's an unfunded mandate and would put too much pressure on teachers.
Advocates clarify that the curriculum would be completely free, with implementation targeted for the 2026-27 school year. They also emphasize the critical distinction between sex education and abuse prevention education:
"Sex education is teaching kids about choices they make on their own. When you're talking about grooming and abuse and sexual assault, this is something victims don't have a choice about. They don't know how to get themselves out of it. They have somebody who has targeted them and is physically hurting and touching them in inappropriate ways."
The statistics are alarming – one in four girls and one in six boys experience sexual abuse, though the actual numbers are likely higher. In Arizona schools alone, 272 cases of misconduct were investigated in 2023, with 39% involving sexual misconduct. This represents a significant increase from the 55 cases investigated when tracking began in 2012.
The consequences of sexual abuse are devastating and lifelong. Victims often experience isolation, feelings of unworthiness, substance abuse, self-harm, and suicidal ideation. Teaching children about personal body safety is crucial for prevention, and could dramatically reduce incidents in schools.
The Arizona Senate is scheduled to vote on Aaron's Law, and advocates urge citizens to contact their senators and representatives to support this vital child protection measure.