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There are many bald assertions in the article and it comes clearly in response to the growing prominence of BRICS. So to me it reads as somewhat fearful. I don'
by josefritzishere 2y ago
There are many bald assertions in the article and it comes clearly in response to the growing prominence of BRICS. So to me it reads as somewhat fearful. I don't think trading in BRICS is inherently "betting against the dollar" but it's abundantly clear that dollar hegemony is over. We are well on our way to a world of multi-currency trading. If BRICS nations do establish a new reserve currency that will change a lot. It's even been suggested that "the unit" may be a gold-backed currency. That I might see as a bet against the dollar.