BRICS alliance: CIS states declare war on the US dollar!

BRICS alliance: CIS states declare war on the US dollar!

Attention, the global economy is changing! The BRICS alliance is stepping on the accelerator and pushing ahead with de-dollarization. Russian President Vladimir Putin dropped the bombshell on Tuesday at the Commonwealth of Independent States (CIS) summit in Moscow: a whopping 85% of trade between the CIS countries takes place via local currencies. The US dollar? Logged out! This brings the CIS members – including Russia, Kazakhstan and Belarus – freedom from Western currency shackles!

Yes, you heard that right. The only BRICS nation in the CIS, Russia, is pushing its neighbors towards de-dollarization, as watcher.guru reports. Putin confidently announced that local currencies are becoming increasingly important in trade. “The share of national currencies in payments between CIS members has already exceeded 85%,” he said casually. After the BRICS, the CIS is now revolutionizing its payment methods.

This is not a piece of cake! This is explosive for the US economy, as a dollar deficit could deal a severe blow to the US economy. As the world becomes increasingly independent of the dollar, there could be sky-high prices and job losses at home. BRICS is giving the US currency the cold shoulder and enticing other poorer countries to follow suit. Hyperinflation and economic turbulence seem inevitable in the USA! It's understandable that de-dollarization is causing concerns for Americans.