BRICS vs. Petrodollar: Danger for the dollar - Saudis at a turning point!

BRICS vs. Petrodollar: Danger for the dollar - Saudis at a turning point!

Attention, exciters! The BRICS countries are about to shake up the global financial structure. A possible move away from the petrodollar could mean the end of US oil trading dominance and thus shake up the dollar's supremacy. The alliance has long shown a firm will to push its local currencies. For nations like China, whose yuan is rapidly gaining presence, this could be a real game changer. So far, the US dollar share of global currency reserves is crumbling by a whopping 14% - and the clock is ticking for even more drastic declines, as watcher.guru reports.

The worst-case scenario for the US: A decline in global demand for the dollar and an abrupt end to the petrodollar recycling party, in which excess dollars are invested in safe US government bonds. And as if that weren't enough, rising borrowing costs would restrict America's economic freedom, while the BRICS could benefit from reduced borrowing costs of their new leader currencies. If that happens, the geopolitical muscle of the US is likely to diminish significantly. Because without the dollar dictate, the West would suddenly have to integrate unconditionally into the international economic order. The question remains: Who else will be sitting in the front row when this poker game about the global future is played out?