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As of today, BRICS gained 5 new members.
๐ช๐ฌEgypt
๐ช๐น Ethiopia
๐ฎ๐ท Iran
๐ธ๐ฆ Saudi Arabia
๐ฆ๐ช The United Arab Emirates
joined the BRICS family.
The main goal of BRICS will be "de-dollarization". The dollar is already being phased out among the BRICS members, and will continue at an even greater pace in the future.
This will strengthen their economies and make them immune to US sanctions. While on the other hand, there will be major negative consequences on the US economy.
As the use of the dollar declines, the US foreign debt and domestic inflation will rise. The uncontrolled printing of dollars over the years will leave large amounts of unused dollars causing inflation in the United States.
Of course, the USA is not sitting idly by either, so their reaction is the same as always, hitting Europe and the Euro.
The Sanctions against Russia have done their job, so now a huge part of the capital and companies from Europe are flowing to the US, and the use of the Euro in world international trade is falling more and more according to SWIFT data.
The USA will try and is trying to "mitigate" the consequences on the back of Europe
https://t.co/0LWwK3vm7y