BRICS: Reasons for the Downfall of the U.S. Dollar
The downfall of the U.S. dollar has begun as the BRICS bloc is looking to diminish its global stature. The alliance has taken several initiatives to bring the USD down from the world’s reserve and replace it with local currencies. The anger against the American establishment is growing and emerging economies are paving the way for a new financial system. Also Read: BRICS: 3 Countries & 1 Continent Make Bold Plans to Ditch US Dollar The development puts the American hegemony at risk as it is the crossroads of a global change. So why do BRICS and other emerging economies give the cold shoulder to the U.S. dollar? In this article, we will highlight the top two reasons for the downfall of the U.S. dollar. BRICS: Why Is the U.S. Dollar Falling Globally? Source: realmoney.thestreet.com The U.S. dollar is falling globally due to unruly policies taken by the White House against developing countries. In addition, America’s involvement in endless wars and conflicts also aided in its d...