Geopolitical Economy Report Elite US economist warns: dollar system is weakening as gold BRICS rise
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Oct 22, 2024 A prominent economist highlights the declining dominance of the US dollar as central banks prioritize gold in their reserves. Countries, particularly in the Global South, are actively seeking alternatives through BRICS initiatives for a multi-currency system. The shift is driven by the US's controversial financial policies and asset seizures, prompting nations to reconsider their dependencies. Meanwhile, gold prices rise, even with falling inflation, illustrating a potential new order in global finance as the balance of power evolves.
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