Look, I've been watching this BRICS versus dollar showdown unfold with equal parts fascination and dread. It's not just some distant economic theory anymore - this is financial warfare happening in real time.
The BRICS nations aren't just talking about de-dollarization - they're actively building the infrastructure for it. Their "Unit" currency concept (potentially gold-backed, no less) isn't just posturing. It's a direct shot across America's economic bow.
What pisses me off most is how we're framing this narrative. The US calls it "deterring weaponization" of the dollar, but let's be real - we've been weaponizing our currency for decades! When you sanction countries, freeze assets, and manipulate global markets through monetary policy, you're practically begging for alternatives to emerge.
I visited India last year and saw firsthand how attitudes are shifting. Local businesses were quietly developing workarounds to dollar-based systems, and there was palpable resentment about American financial bullying. The 50% tariff threat against India isn't helping matters either.
The BRICS payment system might seem clunky and inefficient now, but so was the internet in 1995. Give it time. The appetites for reducing US financial dominance are growing, especially after watching Russia get financially kneecapped through SWIFT.
You might think the dollar's safe because it's been the global reserve currency forever, but these things can change faster than we realize. Look at what's happening with BRICS Chain - up 89% against USD in just a month! That's not nothing.
I don't think the dollar collapses overnight - that's paranoid nonsense. But its unchallenged supremacy? That's eroding daily. The global FX market runs $7.5 trillion DAILY - even small shifts in that ecosystem will have massive ripple effects.
The Chinese yuan remains the strongest currency in the BRICS bloc, but at just 3.5% of international trade payments, it's still a minnow. The question isn't whether BRICS will overthrow the dollar tomorrow - it's whether they're creating viable alternatives for certain regions and trade corridors.
And frankly, that's already happening.
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The BRICS Rebellion: America's Dollar Dominance Under Siege
Look, I've been watching this BRICS versus dollar showdown unfold with equal parts fascination and dread. It's not just some distant economic theory anymore - this is financial warfare happening in real time.
The BRICS nations aren't just talking about de-dollarization - they're actively building the infrastructure for it. Their "Unit" currency concept (potentially gold-backed, no less) isn't just posturing. It's a direct shot across America's economic bow.
What pisses me off most is how we're framing this narrative. The US calls it "deterring weaponization" of the dollar, but let's be real - we've been weaponizing our currency for decades! When you sanction countries, freeze assets, and manipulate global markets through monetary policy, you're practically begging for alternatives to emerge.
I visited India last year and saw firsthand how attitudes are shifting. Local businesses were quietly developing workarounds to dollar-based systems, and there was palpable resentment about American financial bullying. The 50% tariff threat against India isn't helping matters either.
The BRICS payment system might seem clunky and inefficient now, but so was the internet in 1995. Give it time. The appetites for reducing US financial dominance are growing, especially after watching Russia get financially kneecapped through SWIFT.
You might think the dollar's safe because it's been the global reserve currency forever, but these things can change faster than we realize. Look at what's happening with BRICS Chain - up 89% against USD in just a month! That's not nothing.
I don't think the dollar collapses overnight - that's paranoid nonsense. But its unchallenged supremacy? That's eroding daily. The global FX market runs $7.5 trillion DAILY - even small shifts in that ecosystem will have massive ripple effects.
The Chinese yuan remains the strongest currency in the BRICS bloc, but at just 3.5% of international trade payments, it's still a minnow. The question isn't whether BRICS will overthrow the dollar tomorrow - it's whether they're creating viable alternatives for certain regions and trade corridors.
And frankly, that's already happening.