The slow and steady push for de-dollarization across the globe has accelerated dramatically in recent weeks as the prospects of victory in November for Donald Trump have globalist elites and BRICS nations worried.
Russian IMF Representative Alexey Mozhin said recently that BRICS is ready to offer a blockchain alternative to not only the current international payment systems, but for the U.S. Dollar itself.
"In the event of the collapse of the dollar and the international monetary system, it will be necessary to turn the said BRICS accounting unit into a real currency, backed by exchange goods."
Until recently, BRICS seemed content to allow the U.S. Dollar to collapse on its own based on growing sentiments of dissatisfaction and concern even among America's allies.
Rose said the rush by Central Banks to buy physical precious metals is another sign that predictions of a Dollar collapse may be self-fulfilling.
Their free, definitive gold guide can help Americans prepare for the turbulence ahead. According to Watcher, "The BRICS bloc has turned to blockchain technology for its brand-new payment system, according to reports. Indeed, its efforts have sought to build a competing currency built on digital assets. The US Dollar is still a ways away from crashing altogether the path is there for BRICS to do damage."
In his first term, the U.S. Dollar was dominant but following the election of Biden and the Russian invasion of Ukraine there have been mounting concerns over the efficacy of the SWIFT payment system and the use of the Dollar as the world's reserve currency.
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