BRICS powers: US dollars in sight! What does that mean for us?

BRICS powers: US dollars in sight! What does that mean for us?

China, Russia, and Iran - Brics has the breath of the United States on the neck! The alliance, consisting of China, Russia, and Iran, plans a radical break with the US dollar-and that causes a stir on an international stage. Local currencies take on the main role, while the dollar is banished to the rows of spectators. The White House stands helplessly and watches the interest in the once radiant world currency disappears, and the demands for "de-dollarization" are getting louder and louder. This bold Initiative of the BRICS countries relies on a diversification of central bank reserves based on gold to other currencies and raw materials. In short: the dollar is on the brink! For more information, see the current reporting on watcher.guru .

Like a mild breeze, China's power unfolds on a global financial parquet and heats up the BRICS agenda to send the dollar to the replacement bank. Elderly binds, these nations could soon be at eye level in the global economic food chain. The former Brazilian ambassador to China, Marcos Caramuru, confirms that trading in local currencies offers importers and exporters more freedom of maneuver and risk management - a real gamuchanger! Cedric Chehab from Fitch Solutions also says that multi-currency reserve diversity could alleviate American pressure on the external sectors. The world is excited to see whether the BRICS states' plan is working and the dollar pre-industrial is faltering.