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BRICS: Is Rio seizing the global economy with anti-dollar deal?
Brazil rejects BRICS currency but plans to reduce US dollar dependence; Details on the summit agenda here.
BRICS: Is Rio seizing the global economy with anti-dollar deal?
Explosion in the big BRICS network! Brazil, as the upcoming host of the 17th BRICS summit, makes it clear: a common BRICS currency is not in sight. Instead, they want to escape the shackles of the dollar! According to four anonymous government officials, Brazil plans to minimize its dependence on the US dollar and rely more on local currencies. The monumental thing about it? This move could really push the hump in US inflation - including the threat of price jumps and job losses. as watcher.guru reports!
But according to insiders, the BRICS states' secret package is not directed against the West. Rather, the giant is turning to platforms such as the Bank for International Settlements to score points with international transactions. And then Trump comes into play! With pithy warnings, he claims that any move away from the dollar would result in drastic trade tariffs. His message on Truth Social: “Hello tariffs, goodbye America!” The summit in Rio could make history - questions about the future of the US dollar are as clear as ever!