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RE: BRICS' Push to de-dollarization and resistance against the US superpower

in LeoFinance11 months ago

I agree. There is no way dollar is letting go its dominance especially when almost all international trade happens in dollar. Russia traded with India in their native currencies and they don't know how to deal with the Indian Rupee reserved that they have in billions.

It is all about political optics and narrative. That also means dedollarization is many moons away and is being raised by countries as a bargaining narrative. Let's see how this evolves.

One thing is for certain though, the political hegemony of the West is being challenged here. We have to wait to figure out how successful this narrative will be.

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It is the US that wants de-Dollarization.

Read this article (it was written in 2014, no one would believe in de-Dollarization if someone had said this back in 2014, but now it is the talk of the town)--

https://www.nytimes.com/2014/08/28/opinion/dethrone-king-dollar.html

And U know who is Jared Bernstein? And what position he holds now?

In Geopolitics, things are not explicit neither they will pinpoint a particular objective or outcome, U always need to connect the dots to explore that outcome.