Will The BRICS Dethrone The US Dollar?

Daniel Lacalle Blog ^ | 08/28/2023 | Daniel Lacalle

[MarMema]

There is another side to the lesson of the Weimar Republic as to the lunacy of Zimbabwe. In each there were politicians aplenty who said the actual outcome would never happen until it did, and/or it was “worth it” after it happened.

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Do you have some links to help me better understand what did happen?
Or the time to elucidate?
It was hyperinflation?
My career was healthcare...

Thanks.

[MarMema]

At the link I posted in #31, there is a chart depicting reserve currencies back to 1400.

[citizen]

You missed my intended question altogether, which is probably my fault. It’s okay, thanks anyway.

[Worldtraveler once upon a time]

Sorry. Yes, I expect multiple collapses around the world. Have no debt, real “real estate” near you and liquidity enough to “buy at the bottom.”

[Alter Kaker]

Will The BRICS Dethrone The US Dollar?

Lol no. And the BRICS hate each other more than they hate the United States.

[NorseViking]

The elephant in the room is that China is the top trading partner for most countries in the World, including US.
Also one thing that made dollar the king was its apolitical nature meaning it is dangerous as a mean of settlement, making you at mercy of Washington.
It is not that China can’t be political, but there are no precedents so far. The US effectively politicized commerce, hence dollar as a reserve currency isn’t of interest for freedom-loving nations anymore.