BRICS Bang: US dollar before the end? Experts raise the alarm!
BRICS Bang: US dollar before the end? Experts raise the alarm!
A significant development in the global financial system is currently attracting great attention: According to the expert opinion, the US dollar faces an enormous challenge. While the BRICS group, consisting of Brazil, Russia, India, China and South Africa, increases its opposition to the dominance of western financial structures, the dollar seems to be increasingly losing influence.
The current strategy of the BRICS countries aims to promote trade and economic relationships in their own currencies. This could not only lead to a multipolar financial world, but also accelerate the decline of the dollar as a global dominant reserve currency. Especially with regard to the upcoming BRICS summit in 2024, further significant steps to dollarize could be expected, especially since the new Brics Pay System is about to be introduced.
warning of a dollar decline
Robert Kiyosaki, a well -known financial expert and author of the bestseller "Rich Dad, Poor Dad", recently commented very critically on the current economic situation in the USA. In his view, the country is already in the middle of an economic crisis, whereby the dollar is counteracting noticeable decay. Kiyosaki warned that banks could soon be forced to close their doors and criticized openly leading personalities such as US President Joe Biden and the chairpersons of the US central bank and the Ministry of Finance.
Its predictions are not for no reason, because the US dollar is largely based on its status as a global leading currency. But with the growing attractiveness and stability of the BRICS strategies, many experts see a emerging change in the global financial regulations , as reported Watcher.guru .
What's next?
This development raises central questions about the future of the global financial system. Could a uniform BRICS currency actually find global acceptance? Or will the growing importance of gold in these economies lead to a new interest in the precious metal? Either way, the dollar remains strong, but it is about to lose its former unchallengeness. These are crucial moments for the architecture of the global markets.
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