Video Infoblog: Trump Warns of Consequences If BRICS Ditches the US Dollar | What's Next?
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Former US President Donald Trump has warned of serious economic consequences if BRICS and other countries sideline the US dollar. The presidential candidate pledged not to make trade deals easy for developing nations if they move away from the USD. The warning from Trump comes when the BRICS alliance is looking to make local currencies the sole option for cross-border transactions.
Donald Trump warned without directly naming BRICS that countries who look to end reliance on the US dollar will face a 100% tariff on goods that enter the US. “You leave the US dollar and you’re not doing business with the United States because we are going to put a 100 percent tariff on your goods,” he said during a rally in Wisconsin.
If the tariffs are imposed, it could change the global trade dynamics leading to a paradigm shift in the import and export sector. BRICS nations could face serious challenges as a 100% tariff could be a financial burden they cannot handle. Donald Trump is known to make bold decisions and BRICS could vary his statements on the US dollar.
The attempts at de-dollarization were first kick-started by BRICS after the US pressed sanctions on Russia in February 2022. The alliance fast-tracked the agenda since then convincing other developing countries to follow suit. However, Donald Trump is aiming to undo the damage caused by BRICS and reclaim the US dollar’s supremacy if elected.
Are we on the verge of the biggest dollar crash in history? Many experts, including Robert Kiyosaki, the author of Rich Dad Poor Dad, have warned that the dollar is about to experience its worst crash.
But who is to blame for this? While several factors are at play, the main culprit appears to be Brics. So, what is the U.S. doing in response? Instead of focusing on strengthening the dollar, Trump issued a threat to impose 100% tariffs on countries that abandon the dollar.
But is this really enough?
Let’s find out.
are we on the verge of the biggest dollar crash in history many experts including Robert kosaki the author of Rich Dad Poor Dad have warned that the dollar is about to experience its worst crash but who is to blame for this while several factors are at play the main culprit appears to be bricks so what is the US doing in response instead of focusing on strengthening the dollar Trump issued a threat to impose 100% tariffs on countries that abandon the dollar but is this really enough let's find out the US dollar once celebrated as the Cornerstone of Global Financial stability is now showing cracks it's no longer about being a symbol of economic power but about an Empire on the edge of collapse and many accuse brics for this brics has been making strategic moves not just to withstand pressure from the west but to thrive without it as brics steps up its efforts to break free from Reliance on the US dollar Western Powers especially the US are at a critical juncture the once golden dollar is losing its magic and the Outlook isn't promising experts like Robert kosaki famed author of Rich Dad Poor Dad have been sounding the alarm claiming the largest crash in US market history has already started kosy points to unsustainable debt and the declining value of the dollar and brics is accelerating this shift with new members joining brics global economic power is tilting away from the West leaving the US and its allies in a scramble to hold their ground but how did we get here how did a coalition of Nations once viewed as peripheral by the West manage to shake the foundation of global Finance the answer is summed up in one word dollarization for decades the global economy was anchored to the US dollar mostly because it was the world's Reserve currency this meant International trade especially in key Commodities like oil was largely conducted in dollars the US used this position to exert significant influence imposing sanctions on Nations that didn't align with its interests and effectively controlling Financial lifelines worldwide bricks aware of the dangers of relying on a single currency knew they had to act the Tipping Point came in 20122 when the US imposed harsh sanctions on Russia after its invasion of Ukraine the US weaponized the dollar freezing Russian assets and cutting the nation off from global trade this heavy-handed approach was a wakeup call for bricks they realized they could easily become the next Target making the need to reduce dependence on the dollar even more urgent since then brics has sped up efforts to build alternative payment systems and prioritized bilateral trade using local currencies the recent addition of powerhouses like the UA Iran and Egypt to the the block has only strengthened this resolve these nations having faced their own challenges under Western economic dominance were quick to join forces with bricks together they are crafting an economic structure that Sidelines the dollar let's not Overlook the political motivations behind this shift brics represents a coalition of Nations that have long been subjected to Western economic and political Decisions by reducing Reliance on the dollar they are not only gaining economic freedom but also sending a clear political message we refuse to be controlled by the US and its allies while the US dollar still holds a large share of global reserves its dominance is shrinking the Atlantic council's dollar dominance meter shows that the share of global reserves held in the dollar has dropped by 14% since 2001 this decline isn't just Financial it's symbolic of a shifting balance in global power as brics continues to push for dollarization the Dollar's influence weakens the Empire is crumbling and brics is taking center stage in global Finance but how could the West have missed the signs that's the question we should all be asking the warnings were there yet Western leaders either didn't see them or chose to ignore them now they're scrambling to contain a situation that has spiraled out of control here's a reminder to please like and share the video and subscribe to our channel to watch more videos on Africa's geopolitics economy and changing landscape let's continue now one of the West's biggest mistakes was underestimating bricks for years Western Powers treated the block as a loose collection of developing nations economically insignificant compared to the mighty us and its European allies this arrogance blinded them to the fact that brics was quietly building a Global Coalition that would eventually challenge the very Foundation of Western sanctions became the West's go to Tool when dealing with Nations that didn't follow their lead but what western leaders failed to grasp was that sanctions not only hurt the targeted country but also undermine trust in the Global Financial system the US use of the dollar as a weapon against Russia in 2022 was the final straw it sent a clear message to the rest of the world the US will use its currency to control you if you don't play by its rules brics Nations acted quickly they fast-tracked efforts to build alternative Financial systems creating networks that allow them to trade without relying on the dollar the West meanwhile continued to believe the Dollar's dominance was Untouchable this assumption wasn't just dangerous as kosaki points out the cracks in the US Financial system have been visible for years massive federal debt and inflated stock market and declining faith in the US economy have all contributed to the current crisis yet instead of addressing these issues headon the West doubled down on failing strategies now they are paying the price the decline of the US dollar is not just a financial issue it's a symptom of a deeper problem the West has ried on outdated economic models and a misplaced sense of superiority for too long brics meanwhile has been adapting innovating and building a future where the US dollar is no longer at the heart of global trade the West ignored the warning signs and now they are left with a collapsing system now an important question is as the US dollar weakens and the Western Financial Empire crumbles can bricks fill the power vacuum the answer is a strong yes brics has already shown that it can operate outside of the Western Financial system the Block's dollarization efforts are not just about rejecting the dollar they are about building an entirely new Financial structure this new framework focuses on local currencies promotes bilateral trade agreements and supports alternative payment systems like the bricks new development Bank NDB these moves aren't just symbolic they're practical steps toward a Global Financial system that doesn't depend on the US the inclusion of new bricks members further strengthens the Block's position as a global economic Force Nations like the UA Iran and Egypt bring significant economic power to the table and their inclusion sends a clear message the world is moving away from Western Financial dominance but can bricks truly replace the us as the global economic leader in many ways it already has the West particularly the US has been losing its grip on global trade for years brics nations are stepping into the Gap building new trade networks and infrastructure projects that will shape the future of global Commerce the NDB for example has been funding infrastructure projects across the global South providing an alternative to the World Bank and the IMF which are heavily influenced by Western interests the power shift is happening now and brics is leading the way as the US dollar loses its grip on global trade brics is creating a new Financial world order the question isn't whether brics can fill the power vacuum it's whether the West can adapt to this new reality now as the dust settles what does the US the hard truth is that the US is running out of auctions the dollar once the backbone of American global influence is no longer the go to currency for international trade as brics continues its push for dollarization the US is isolated one of the few options the US has left is the threat of tariffs in a recent speech former president Donald Trump warned that countries abandoning the dollar would face a 100% tariff on their their goods entering the us but this threat Rings Hollow bricks Nations along with many others are no longer dependent on the US market China for instance is one of the world's largest economies and has extensive trade relationships with bricks and non- Bricks countries alike the era of the us being the world's primary economic power is ending the US might attempt to maintain its influence through military means but even that power is fading bricks nations are not only building economic Partnerships they are also strengthening their political and Military ties China and Russia two of the most powerful brics members have already begun to form an alliance that could challenge us dominance the US once the world's unchallenged military and outsmart as the US dollar continues to decline the question for the West is what's next can the US and his allies adjust to a world where they are no longer in control or will they try to cling to their fading power let us know in the comments section is this the time to accept reality do you want to watch more videos like this one if yes subscribe to our Channel and press the Bell icon next to it we have decided to bring videos on something nobody talks about African politics economy and increasing power thanks for watching and until the next video stay tuned tell us what you think in the comment section like like and share the video and subscribe so that you don't miss any of our African videos it's the best way to
