Oh sure!
That's what they said about us in 1776.
Guess who grew up to be a giant.
I guess you also don't believe that more and more countries are dumping the dollar and trading in their own currency, too.
Our days of being the "big boy" dictator on the block are slowly coming to an end -- like all societies ultimately do.
Get that -- ALL.
We are $34 trillion in debt and growing every year -- and that doesn't include SSI or Medicare, which are headed to an end unless we change. Our money printing days are about over.
We're circling the drain.
Its a big pool and a small drain.
Expect a delay.
Actually no -- the American revolution, or rather the English civil war part II was heavily sponsored by the French who had just lost the 7 years war (world war 1 - fought in North and south america, europe and Asia) and wanted to give the English a bruising.
Which they DID at the cost of bankrupting themselves leading to the French revolution
Anyway, a few decades later Haiti also got independence -- and do you think Haiti is a giant?
BRICS is not going to last for the simple reason that both India and Russia fear territorial expansion from China and India especially blocks Chinese business and explicitly wants to move away from China.
I guess you also don't believe that more and more countries are dumping the dollar and trading in their own currency, too.
Fewer are doing the latter - no one wants to trade in pesetas or lire. Only the big boys - China and India and to some extent Brazil - are saying trade in my currency. And they can do that with some trading partners. Oh and yeah the Eurozone does that.
The dollar in the basket of currencies is down, but not as low as it was in the early 60s. It will go down, but there is no one replacement for it, so it will be the biggest among a basket.