BRICS Rebellion: Plotting The End Of Dollar Dominance And U.S. Economic Power
The BRICS bloc, led by Russia, is working to create an alternative payment system to reduce dependence on the US and the dollar-dominated financial infrastructure.
The integration of payment systems within the BRICS bloc could provide a viable alternative to the US-controlled SWIFT system, reducing vulnerability to US sanctions.
De-dollarization poses challenges for the US, including potential devaluation of the dollar, higher borrowing costs, and a diminished ability to impose economic sanctions.
https://seekingalpha.com/article/4682637-brics-rebellion-plotting-the-end-of-dollar-dominance-and-us-economic-power
