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BRICS is looking to launch a new currency to shift away from the US dollar-dominated financial world. Emerging economies are becoming increasingly self-centered similar to Trump’s America First agenda. Developing countries are now putting their currencies and economies first to safeguard themselves from the recklessness of US foreign policy. Now that the BRICS currency could be launched, not now, but at some point in our lifetime, what would happen if it becomes a success? Nothing can be taken for granted as even the British Empire never thought their reign would end after World War II. ‘The sun never sets on the British Empire’ they once proudly proclaimed, but it set nonetheless. Also Read: BRICS: 44 Countries Align With De-Dollarization Agenda Here’s What Will Happen If BRICS Currency Becomes a Success Source: Cryptopolitian.com If BRICS launches a new currency and ends up being a success on the global stage, the financial world as we know it today will be a p...

A total of 44 countries are aligning with the de-dollarization agenda kick-started by the BRICS alliance. The 11-member bloc is rewriting trade policies to benefit their national economies and currencies while ignoring the US dollar. The shift against the greenback is accelerating as emerging economies are bringing investments back home. Developing countries are cutting ties with the US-based financial investments such as bonds, and accumulating gold and local currencies in their reserves. Also Read: BRICS: Tanzania Issues Major Update on US Dollar Ban The economic policies of the White House have caused extreme financial distress in developing countries. From Trump initiating tariffs to trade wars and global dominance, emerging economies are siding with BRICS as the bloc advances the de-dollarization agenda. The US now stands alone on the global stage as even the European Union, which is its close ally is considering the euro for transactions. Several leaders have openly called to red...

China is attracting a larger capital inflow in its domestic markets from foreign institutional clients and retail investors. This comes even after President Donald Trump claimed that trade wars and tariffs would make capital flow into the US. The growth in Chinese assets grew after Moody’s downgraded the US sovereign credit rating last Friday. The development indicates that de-dollarization is accelerating and China is reaping the benefits of the decline in US-based financial assets. Also Read: MSTR Slides as Strategy Bags 7,390 BTC, Faces Lawsuit, $1,800 Target Still In Sight In their latest note to clients, Bank of America analysts wrote that emerging economies are gaining traction as prime investments. They cited that fiscal risks in America stem from the increased governmental debt that’s eroding trust in US markets. “Weaker US dollar, US bond yield top, China economic recovery, it’s time for Emerging Markets,” wrote Bank of America analysts. De-dollarization could remo...