At the end of August, South Africa hosted a meeting of the BRICS nations (Brazil, Russia, India, China, and South Africa). Also present were several other nations, six of which will officially become part of the BRICS group in January 2024: Argentina, Ethiopia, Iran, Saudi Arabia, Egypt, and the United Arab Emirates. This new group is particularly interesting because Iran and Saudi Arabia have been enemies for quite some time, but China has brokered a peace between them—at least for now. Multiple dictatorships who oppose the United States and the West are also lining up to join the BRICS group.
The BRICS exists as mechanism to break the hegemony that America and the West have exercised in the Middle East and much of the world. One of the ways the group proposes to counter American influence is by allowing the nations to trade with each other using their own currencies instead of using the U.S. dollar. Some leaders have suggested that the group create its own currency to compete with the U.S. dollar, possibly even backing the new currency with gold. Such moves are seen as a way to limit America’s ability to impose effective economic sanctions through dependency on the U.S. dollar.
Bible prophecy foretells the emergence of an end-time Arab superpower known as the “king of the South” and another group known as “kings of the East” that could include Russia, India, and China (Daniel 11:40–44; Revelation 16:12). Could the developing BRICS structure provide an avenue for these nations to come together economically and then break out on their own? Could this emerging BRICS arrangement force Germany and certain European nations to work together to counteract the potential power of the BRICS? The world is in a great deal of flux, and the current configurations of nations are sure to change in the months and years ahead. To better understand what to expect, be sure to read or listen to The Beast of Revelation: Myth, Metaphor, or Soon-Coming Reality?