BRICS fails: US itself biggest threat to the dollar!
Analysis shows that the biggest risk to the US dollar is not BRICS, but unreliable US policy itself.
BRICS fails: US itself biggest threat to the dollar!
The BRICS alliance aims to dethrone the US dollar as the world's reserve currency and break its dominance. But despite numerous efforts, dedollarization remains an unfulfilled dream! The dollar continues to dominate the foreign exchange markets: an incredible 58% of global reserves are held in the dollar! Isolation would be a fatal mistake for emerging economies! The reason for the de-dollarization fever? US sanctions against unpopular states like Russia and Iran got the ball rolling. China in particular is at the forefront and is pushing its own currency, the yuan, to the fore. To position yourself as a real alternative? Difficult!
But wait a minute! A gripping analysis from Bloomberg takes a different direction. The biggest danger for the dollar lurks in our own country - the USA itself! The power of the dollar is based on unlimited trust. If Trump wants to secure his dollar, he should rely on American reliability instead of threats and power games! As if the immense US economic performance didn't already provide him with enough support! More details about this exciting dynamic can be found in a detailed report at watcher.guru. So what storms could the global economy still face?