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THE RISE OF BRICS AND THE FUTURE OF THE FINANCIAL SYSTEM

Garrett Baldwin

 

As the world's financial landscape continues to evolve, the BRICS nations -
Brazil, Russia, India, China, and South Africa - are poised to begin playing a
pivotal role in shaping the global economy for at least the next decade. 

 



It's crucial to understand how these countries are positioning themselves,
particularly in relation to China and the US dollar, in order to appreciate the
potential impact on global financial markets.


For over half a century, the US dollar has been the primary instrument for
international trade, particularly in oil. The Petrodollar system, established in
1971, has ensured a constant demand for the US dollar as nations worldwide
engage in buying and selling commodities. 


However, this system has also created financial vulnerabilities for many
countries, particularly when the US dollar strengthens, and local currencies do
not keep pace.


In response to the 2008 financial crisis and concerns about the dollar's
stability, the BRICS nations began exploring ways to conduct trade without
relying on the US dollar as the intermediary. This conversation has centered
around the idea of creating a common currency, with China aiming to position its
yuan as a major instrument for international trade alongside the US dollar.


It's important to note that this endeavor is still experimental and may not
progress quickly, given the challenges of creating a common currency and
building trust among the participating nations. However, the potential
implications of such a shift in global trade dynamics cannot be ignored. (join
me in flashpoint trader to navigate this changing landscape and seize profitable
opportunities)


As the BRICS nations move toward creating a common currency backed by gold,
other countries with significant commodities to offer may be inclined to join
this new system. This could include Argentina, Iran, Algeria, and OPEC members,
Venezuela, and Saudi Arabia. If successful, this new system could undercut the
US dollar's dominance and have significant consequences for the Western world.


In the face of these economic challenges, the United States must refocus its
attention on the supply side of the equation. Over the past 20 years, US
policies have often prioritized inflation from a paper perspective, rather than
addressing the tangible resources needed to sustain the country's future. As
global competition for resources like rare earth metals, oil, and food
intensifies, the US must invest in the things that matter most for long-term
stability.


So, as the rise of the BRICS nations and their potential common currency
challenges the dollar's dominance we must take strategic steps today to secure
our position in the global economy by investing in tangible resources and
addressing supply-side concerns. This is the future battleground to ensure we
remain stable and prosperous in an increasingly competitive world.


Don't miss out on the chance to stay ahead of these global trends - join
Flashpoint Trader today and unlock your investment potential.

 



 





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