BRICS sensation: Who could really overthrow the dollar!

BRICS sensation: Who could really overthrow the dollar!

The BRICS alliance is on a daring crusade to dethrone the US dollar as the global reserve currency! But so far the resistance has bounced away and the dominance of the greenback remains unbroken. The US dollar continues to reign supreme with around 58% of global reserves and its importance in the foreign exchange market is unshakable. Anyone who dares to cut ties with the dollar risks squandering the economic opportunities of smaller nations.

Countries such as Russia, Iran and Belarus in particular have suffered severely from the harsh US sanctions. Meanwhile, BRICS member China is making plans to disempower the dollar system and is trying to push the Chinese yuan as a new trading currency. But surprisingly, the biggest blow to the dollar comes not from outside, but from within America's own ranks! A fresh Bloomberg report suggests that the US, with its outsized GDP and limitless economic scope, itself poses the biggest threat to the dollar. If someone like Trump wants to secure the dollar, he shouldn't rely on threats, but on reliability - that's the opinion according to information from watcher.guru. Sanctions, shenanigans with the Federal Reserve or geopolitical muscle flexing could be more dangerous to the power of the dollar than anything the BRICS countries could concoct.