"Sanctions on Russia, whether you agree with them or not has shown the rest of the world that if you hold USD as your reserve currency, you're not protected and you're not safe, in fact it's the opposite. Should you disagree with the US, or should the US disagree with you and your policy making, your reserves can be frozen and stolen at a moment's notice."
Taylor Kenney explores the latest developments within the BRICS bloc, highlighting more Countries interested in joining the coalition. With the BRICS bloc growing, it poses as a significant threat to the U.S. dollar's dominance, a concern echoed by the IMF's latest data. With emerging markets increasingly trading outside the dollar and central banks hoarding gold, the landscape of global economic power is rapidly shifting.
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