BRICS fails: Is the real enemy of the dollar the USA itself?

BRICS fails: Is the real enemy of the dollar the USA itself?

The battle for supremacy on the global financial markets is heating up! BRICS aims to dethrone the US dollar as the world's reserve currency and break its dominance. Despite its ambitious plans to end dollar dominance, the bloc has so far been unsuccessful. A whopping 58% of the world's reserves are held in the US currency - a clear demonstration of its power in the Forex market. A break with the US dollar would be fatal, especially for emerging economies, as the greenbacks are still decisive [ reports watcher.guru ].

But be careful, the real enemy is lurking in your own country! A recent Bloomberg report describes the US itself as the biggest threat to the dollar. Despite Trump's threats, the greenback's strength rests on America's reliability, not its power. The gigantic economic power of the United States gave it the “exorbitant privilege” of controlling the reserve policy of the world banks. American unilateral actions, such as sanctions or trade conflicts, are the greatest danger to the US currency, far more threatening than anything that BRICS could concoct. The internals of this [ can be found at watcher.guru ].