BRICS has grown from a coalition of Brazil, Russia, India, China, and South Africa into a powerhouse challenging the old order. As the US grip weakens, these nations are opting for local currencies in trade, signaling a turning point in global finance. This is more than an economic realignment—this is about escaping the dollar’s control and securing economic independence.
• The US Dollar’s Dominance—And Its Cracks: For decades, the US dollar has controlled global trade, commodity prices, and the financial system. But now, nations are pushing back. The dominance that the dollar has enjoyed since World War II is fading. The system designed to ensure the US’s place at the top is being challenged, and BRICS is leading the charge.
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• The US Dollar’s Dominance—And Its Cracks: For decades, the US dollar has controlled global trade, commodity prices, and the financial system. But now, nations are pushing back. The dominance that the dollar has enjoyed since World War II is fading. The system designed to ensure the US’s place at the top is being challenged, and BRICS is leading the charge.
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01:30 PM - Dec 21, 2024
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