The next two or three decades will look very different from the previous ten. To find your place in a brand-new world that is just beginning to emerge, you must educate yourself about the types of changes that are to come. You are God’s choice. It is up to you to shape your communities and nations in accordance with God’s will. The New Development Bank’s plan to conduct business without regard for the US dollar as the world’s reserve currency has caused a major upheaval in global finance. The established world order is being shaken, and the effects will be felt all over the world.
In order to circumvent the USA, and reduce the influence of the USA on their affairs, the New Development Bank (NDB), also known as the BRICS Development Bank, has announced plans to shift away from the US Dollar. The plan is to begin lending in the local currencies of member nations. The BRICS (Brazil, Russia, India, China, and South Africa) nations established the multilateral development bank in 2015. Dilma Rousseff, the bank’s president, makes it clear that NDB wants to become an alternative to the older global powerhouses like the World Bank and the International Monetary Fund (IMF).
It is not difficult to see how the current world powers shortchange and bully African nations. For example, the World Bank has suspended all new loans to Uganda, claiming that the country’s new anti-homosexuality laws contradict the Bank’s values. However, the World Bank continues to do business with Saudi Arabia, which has executed several homosexuals. Where is the consistency in principles? So, make sure to educate yourself on the implications of these new developments for your community and the country as a whole. The United States appears to be losing its iron grip on the world. What happens next?
