Trump threatens Brics: 100% inch if dollar flies!

Trump threatens Brics: 100% inch if dollar flies!

The world of financial markets trembles, because the Brics states are planning a groundbreaking coup: a new, independent currency is supposed to replace the large top dog, the US dollar. But the camp of economic heavyweights - Brazil, Russia, India, China and South Africa - is faced with a strong opponent. None other than the newly elected US President Donald Trump raises his voice to torpedo the project.

Trump goes on the offensive! It threatens to 100% on all goods with a sky-high inches that the United States entered if the US dollar in global trade should be marginalized. A step that could hit the economic interests of the American nation in the market warn experts. The possible introduction of the BRICS currency could shake the fragile power structure deeply and put the economic dominance of the United States in danger-with unpredictable consequences such as an inflationary explosion in Germany.

Brics currency: challenges on the way

But what about the future of this new currency? The renowned economist Abhishek Upadhyay from Icici Securities PD has a clear assessment: it will not be a walk! His forecast: The different political landscape of the BRICS members makes a uniform currency a dangerous wire rope act. India in particular plays a special role here, because the country is more of the DE dollarization advance. In view of the differences with the large neighbor China and its own economic dependencies, the modi regime sees itself in a dear neutral position.

"A common Brics currency is a further throw," warns upadhyay and indicates the profound differences in the fluctuating economies and political tensions within the group. Without a common understanding and strategic interaction, the new currency could smash US dollars faster than you think.