An international alliance of multiple countries has been pushing to undermine the power of the U.S. Dollar, and now, they’ve added more key members.
The BRICS nations comprise almost half of the world’s population, possess close to half the world’s oil, and want to dethrone the Dollar as the world’s reserve currency.
This collection of emerging economies whose name, BRICS, is an acronym for members Brazil, Russia, India, China and South Africa, doubled in size on January 1, adding Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates.
More than 30 other nations have expressed interest in joining this group that wants to ditch the dollar and establish a new global economic order.
Currency expert James Rickards blames the U.S. government for creating this economic rival.
“You ask, ‘Why is this going on at all?’ And the answer is we’ve turned the dollar into a weapon,” Rickards told us. “And if you’re on the receiving end of that, Russia found out the hard way. But if you’re China, Brazil, India, a lot of other countries, what you’re asking yourself right now is, ‘Hey, what happens if the United States wakes up one day and decides they don’t like what
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