Good-Person
Captain Junkie
I still think that it is very unfair that so many countries have so much dependence on the dollar, perhaps the currency of the countries that are forming the BRICS coalition will help lower dependence on the dollar and that there are more alternatives in the financial system, one of the alternatives in these last decades was the Euro, but lately the direction that this currency is taking is very bad too, Here we have the interest rates at 4% and in my country they are cutting the possibility of using cash. and they want to eliminate the use of the 1 euro coin, which is the most popular of the euro coins.
People must realise that the "brics" is not something new. It is actually a very old formation. It has gained a bit popularity due to media hype. During the past years, they have not been able to bring down the U.S dollar, so I am quite sure that they would not be able to do that right now. There are many problems associated with "brics". They want to create a new currency and want people to invest in that currency. I am sure many investors would happily choose U.S dollar over this new currency.