An African proverb is clear – “No man, no matter how rich he is, can prepare enough food for his parents, but if these parents make food for him, he is widely finished”. I drop this while Trump attacks Brics countries:
“The United States is increasing tensions with the BRICS Economic Alliance, President Donald Trump issuing a severe warning against block efforts to create an alternative global currency. In a press release published on Truth Social, Trump threatened 100% prices and limited access to the BRICS nations if they have continued to move away from the US dollar in world trade. “The idea that the British countries are trying to move away from the dollar, while we are careful, is over,” is over “,”, “
Of course, we can understand Trump’s position because he did not sanction the countries in the same way as Biden did. Because if you are used to sanctioning countries, you just tell them to get an alternative currency to American dollars. With the American dollar as a political and economic weapon, most countries are looking for a refuge, and that is why the idea of the money of the BRICS seems exciting. And they try to cook for America!
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If Trump updates the US Constitution that US dollars will not be used as a weapon of sanctions, all meetings on the BRICS currency will disappear! But where he does not do that, he should not expect Russia, Iraq, etc., who expect to exist as nations.
However, I am not sure that the real problem is the currency of the BRICS. I think the biggest competitor against US dollars is the ecosystem of Stablecoin. Mr. President should put more energy there because if the adoption of the stable continues, the US Treasury even sees nothing to sanction because the stablecoins have disinterested the role of the US dollar! Of course – it will take years to make it happen on a large scale, well after Trump has left the Oval Office.
Again, Trump threatens the trade war against the nations of the BRICS on the denollarization push
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