Rise and fall of US-led neocolonial financial order: From Bretton Woods to BRICS
Geopolitical Economy Report
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The Rise of the Global Reserve Currency
The new institutions are growing very rapidly, and they're de-dollarizing. This is a massive blow to this system that I talked about, in which the US dollar maintains this kind of imperial control over these global international institutions. Over 20 countries have applied or expressed interest in joining the BRICS system. We're seeing a completely new international financial framework, and time will tell where that leads.
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