It will not be much longer before BRICS fully de-dollarizes its membership ranks, and eventually the entire world.

At a meeting this week in Russia, BRICS announced that it has reached the "final stages" of its dedollarization mission, complete with a new payment system and new competing currency to the global reserve Federal Reserve Note (FRN), also known as the U.S. dollar.

The economic ministers of the leading BRICS member countries are just about ready to unveil a multipolar international monetary system that will mark an official end to U.S. dollar dominance as the sole global reserve currency.

BRICS says its first target for elimination is the U.S. dollar. Then, once King Dollar has been dethroned and deposed, BRICS will launch a brand-spanking-new global payment system to replace the existing world order.

The sinking ship of the West

For the past two years, the BRICS economic alliance has been working hard to challenge the status quo. This has triggered increased resistance from the dying West as it punches the air trying to stop the inevitable.

As BRICS member nations increasingly unveil new competing currencies, new payment methods, new trade protocols and other substantial changes, the West is busily printing FRN funny money and dumping it into Ukraine to try to stop the empire from dying.

It is a fool's errand that the West will only embarrass itself in trying to prevent, but it continues nonetheless as the world's power brokers fight to the bitter end for global dominance.