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US dollar overvalued? What this means for BRICS and Trump!
One Analyst Calls the US Dollar 'Overvalued'; explores the impact on BRICS de-dollarization and global finance.
US dollar overvalued? What this means for BRICS and Trump!
The dollar is in the headlines because a renowned analyst calls it “grossly overvalued”! The emerging BRICS alliance has already declared war on the greenback, but now there is a new twist. Mississippi, the poorest U.S. state, trumps countries like the United Kingdom and Japan per capita, which some economists attribute to the vast overvaluation of the U.S. currency.
As Donald Trump plans to return to the White House, the BRICS alliance is facing major challenges and is responding with its own de-dollarization approach. But what do the critics say? Eurizon SLJ's Stephen Jen claims: "Mississippi is almost richer compared to major powers like Germany - can that be true?" For Jen it is clear: the US fiscal policy measures are inflating the dollar beyond measure. More details on this topic can be found in a detailed report on watcher.guru.
But what does all this mean for the future of the BRICS alliance? Will the “overvalued” dollar get in the way of her quest for financial independence? In any case, analysts warn that the USA must address its economic challenges in order to avert the impending financial disaster. The global economy is holding its breath – will Trump overcome the challenges or will the dollar continue to soar?