By Susan Duclos – All News PipeLine
The U.S. dollar’s stint as the world’s reserve currency is coming to an end. it is not a matter of if, but of when, as no world currency stays that was forever.
The Dollar is no longer backed by gold and it’s value is eroding. Debt, currency devaluation, massive speculation, and government incompetence is a guaranteed recipe for a very bad ending.
A number of events have happened throughout the years which has jeopardized the Dollar’s standing. The Brazil, Russia, India, China, and South Africa (BRICS) collaboration has gained steam in creating pathways for business and they have begun to totally bypass the U.S. Dollar.
As the BRICS nations become more cohesive, cooperating on economic issues that affect food and oil supplies, other countries are taking notice. Argentina, for instance, has shown an interest in joining the BRICS coalition, and it isn’t the only one. Iran has also shown an interest in joining this conglomerate of countries, and China is open to several more joining a ‘BRICS Plus’ cooperation.
Among those mentioned are Kazakhstan, Uzbekistan, Argentina, Egypt, Thailand, Indonesia, Nigeria, Senegal, and Saudi Arabia. Russian President Vladimir Put has also personally invited Iran and Turkey to join the BRICS coalition.
In August 2022, we were warned by multiple reports to not ignore the BRICS, and that it would be a mistake for the U.S. to do so.
On article states: “The US may staunchly want to maintain control as the supreme leader of the western world. Still, the BRICS nations cannot be ignored, and refusing to engage in constructive dialogue with these emerging nations may turn out to be a serious misstep on the world stage for the United States. Only time will tell if the US and the BRICS nations can create the stability the world is seeking.”……….more here
Click here for reuse options!