BRICS raises the alarm: Is the dollar in his US home endangered?
BRICS raises the alarm: Is the dollar in his US home endangered?
China, Land - The race for the global dominance of currencies gets a dramatic turn! While the BRICS alliance tries to overthrow the US dollar from its throne as a global reserve currency, its attempts to advance the DEDOLARIALION are unsuccessful. The dominance of the greenback is unbroken-58% of the global reserves are in the US dollar. An abrupt break with this currency could have fatal consequences for emerging economies, Watcher.Guru reports .
Rather, it is not the BRICS alliance, but the USA itself, which represent the greatest threat to its own dollar! A explosive Bloomberg report reveals that American reliability and not threats are the key to the power of the USD. Exaggerated behavior-be it through sanctions, interventions in the Federal Reserve or Unilateral tariffs-could harm the dollar more than any strategy of the BRICS countries. The United States has to do justice to its role as a reliable economic actor to keep the currency power. In this geopolitical drama, China also plays an important role by bringing the Yuan into play as a trading currency and drives the DEDOLARITION with some countries that suffer from US sanctions. But the real challenge is whether the United States is able to protect its "exorbitant privilege" by not playing with the global economy.| Details | |
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| Ort | China, Land |