Part 11/14:
Looking beyond immediate conflicts, a significant event looms as the BRICS nations—Brazil, Russia, India, China, and South Africa—prepare for their summit in Rio de Janeiro this July. The bloc is increasingly positioning itself as an alternative to Western-led economic dominance, with a focus on displacing the U.S. dollar as the global reserve currency.
This initiative, dubbed the "Rio Reset," underscores efforts by BRICS nations to establish new financial frameworks that diminish reliance on the dollar. As demand for the dollar potentially wanes, its value could decline, impacting U.S. economic stability.