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Trump in trouble: BRICS attack on the dollar is coming to a head!
BRICS and US policies drastically influence the US dollar value; possible threat to its status as a global reserve currency.
Trump in trouble: BRICS attack on the dollar is coming to a head!
Alarm in the financial jungle! The US dollar, once the undisputed king of global currencies, is under attack. The powerful BRICS alliance is attacking the greenback with full force and could drive the dollar into a dangerous downward spiral - or worse, even cause it to collapse! After Goldman Sachs recently made a gloomy forecast for the future, international doubts about the once unshakable reserve currency are growing. The dollar index is plummeting to a three-year low, and the first 100 days of President Trump's administration have been anything but smooth.
“The loss of the dollar would be as bad as a war defeat!” Trump once complained. But now his administrative train is under enormous pressure, which the BRICS initiatives are only increasing. The alliance, which has been promoting alternative currencies for a long time, is turning the screws a lot and could ignite the turbo as early as this year. It is also relying on massive gold purchases to further kick the dollar out of the game.
Global investors are rethinking their strategy as US debt interest rates are skyrocketing to a whopping $949 billion. Historian Barry Eichenberg urges that the US should now promote stability and impose fewer foolish tariffs. But the opposite is happening, and BRICS actors could be playing right into Trump's hands. Further information can be found in the report on watcher.guru.