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BRICS dethrones the dollar: is hyperinflation chaos now coming?
BRICS is pushing for de-dollarization and questioning the reliability of the US dollar, which is having economic implications worldwide.
BRICS dethrones the dollar: is hyperinflation chaos now coming?
The BRICS countries aim to throw the US dollar out of the saddle! The bloc pushes de-dollarization and encourages emerging markets to trade in local currencies. The strategy is paying off: numerous developing countries have signed trade agreements and are conducting cross-border transactions in their home currencies, as watcher.guru reports.
Now the question is: If BRICS lets the dollar fall in trade, what does that mean for the USA? Commodity analysts at BMO Capital Markets are sounding the alarm! The US dollar, once a shining star in the financial sky, is fading and BRICS is seizing the opportunity. Dollar, an unreliable reserve asset? The analyst warns: Deficit spending, tariffs and pressure on smaller nations are fueling uncertainty in the markets. The crisis of confidence culminates in stock market turbulence, reports watcher.guru.
The recent stock market earthquake shows: Investors have doubts! Gold as a lifeline? An ancient metal, never devalued, is very popular. Volatility is increasing, uncertainty is growing. What else matters? Trust in lasting values! BRICS could bring gold into play, diversification without dollars. A crime thriller in the international financial sector that strains all monetary nerves!