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Brazil defies Trump: BRICS relies on disempowering the US dollar!
BRICS reiterates its commitment to de-dollarization despite threats and is looking for payment alternatives.
Brazil defies Trump: BRICS relies on disempowering the US dollar!
The BRICS alliance is stepping up its game! Despite threats from US President Donald Trump, it wants to break the dominance of the US dollar, whatever the cost. Now Brazil's President Lula da Silva has made it clear that his country is committed to finding alternative platforms for payments within the alliance. The message is clear: Trump's tariff threats leave Brazil cold, as watcher.guru reports.
Trump apparently trembles at the thought that BRICS could shake off its dependence on the dollar. But China and Brazil in particular continue to give full steam to de-dollarization. And even though Russia currently seems to be backtracking, Brazil remains stubborn. Despite considerations of putting the BRICS currency project on hold, exchange in local currencies remains a top priority according to information from watcher.guru.
Things are simmering behind the scenes: Since the sanctions have turned the West against Russia, BRICS has been hotly discussing the next coup against the greenback. While Russia and Iran are buckling under Western pressure, the rest of the force continues to extend its elbows and rely on local money. The dollar throne is really shaken here, but the end of the story remains exciting.