BRICS breaks up: India and Brazil against de-dollarization!

BRICS breaks up: India and Brazil against de-dollarization!

The BRICS are hitting hard! The powerful bloc of nine, consisting of international economic engines, is in crisis - and the source of this crisis is the US dollar! Some member states dream of introducing a common trading currency. But stop! India and Brazil have made it clear: there is no trace of de-dollarization! According to Foreign Minister S. Jaishankar, India has “absolutely no interest” in giving up the dollar. Brazil is also harshly drawing a line under its plans for a BRICS currency. Government insiders reveal that President Lula da Silva wants to reject this idea, especially when he chairs the upcoming summit - perfetto!

Tension is rising as South Africa and the United Arab Emirates remain on the sidelines. But what about Russia and China? These countries are aggressively pursuing the dollar replacement scenario! Russia and Iran, which are suffering from sanctions, are pushing the project forward. And China? Plain language: It sees BRICS as a springboard for its claim to global power, while India is suspicious of it. A shaky constellation with a lot of theater - and in the middle of the constant game of world politics, as watcher.guru reports.

Schaelet fills the champagne bottles, because there is a family drama emerging that is keeping international monetary policy in suspense. This much is certain: de-dollarization remains a dream with many barbs – now that the BRICS giants are pursuing opposing goals. And the tension course continues!