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Dedollarization

United States Government Is Very Afraid Of BRICS And Dedollarization

Western corporate media coverage of the Global South-led organization BRICS is frequently dismissive and condescending. Bloomberg published an article claiming that BRICS is “little more than a meaningless acronym”. It appears that a lot of this criticism, nevertheless, is actually a coping mechanism, because evidence is piling up showing that the US government is very afraid of the rapid growth of BRICS. Donald Trump, in particular, is terrified of the possibility of BRICS challenging the global dominance of the US dollar. BRICS held a successful summit in Brazil in July, featuring for the first time the participation of 10 members and 10 partner countries. Trump responded with furious denunciation, threatening to hit all BRICS countries with 10% tariffs.

As Trump Threatens BRICS, It Grows Stronger

The Global South-led organization BRICS has been growing in size and influence, and this has frightened some Western politicians. Donald Trump is particularly rattled. After he returned to the White House for his second term as US president, Trump threatened very high tariffs on BRICS, and falsely said he had destroyed the organization. “BRICS is dead”, Trump claimed in a press conference on 13 February. The US president stated: BRICS was put there for a bad purpose, and most of those people don’t want — they don’t even want to talk about it now; they’re afraid to talk about it. Because I told them, if they want to play games with the dollar, then they’re going to be hit with a 100% tariff, the day they mention that they want to do it. And they will come back and say, “We beg you, we beg you not to do this”.

Trump’s Far-Fetched Attempt To Divide Russia And China Is Clearly Failing

US President Donald Trump claimed he would “un-unite” Russia and China. However, this divide-and-conquer strategy — which prominent US officials like Henry Kissinger have advocated since the 1970s — is clearly failing. In a meeting in Moscow celebrating the 80th anniversary of their nations’ shared victory in World War Two, Presidents Xi Jinping and Vladimir Putin reaffirmed that “China-Russia relations have reached the highest level in history”. In a lengthy statement, Beijing and Moscow vowed to “jointly resist any attempts to interfere with and disrupt the traditional friendship and deep mutual trust between China and Russia”.
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