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Should the BRICS nations establish a new reserve currency, it would likely significantly impact the US dollar, potentially leading to a decline in demand, or what's known BRICS is taking bold steps to reduce dependence on the US dollar and establish a multipolar financial system, as highlighted in the Kazan summit. Key initiatives BRICS members are generally united in their desire to move away from the dollar-backed international financial system. When the US Federal Reserve Bank hikes interest rates, the The report comes after the BRICS alliance aggressively pursued the de-dollarization agenda to topple the US dollar. “We do not write this lightly. But the speed and U.S. President-elect Donald Trump has warned the BRICS countries that if they attempt to replace the “mighty U.S. dollar” they would face “100 percent tariffs and should A BRICS currency could have far-reaching implications: Reduced US Dollar Dependence: It could weaken the US dollar's status as the primary global reserve currency. What has changed is that the United States’ competitorsand some partnersare pushing the limits of their financial autonomy within the dollar-based system Renowned veteran investor Jim Rogers who co-founded the Quantum Fund with billionaire George Soros has warned that BRICS currencies have the potential to uproot the US dollar.

BRICS Currency Threat: George Soros Partner Predicts Future of US Dollar

Is the US Dollar's dominance coming to an end? Renowned veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire George Soros, has issued a stark warning: BRICS currencies have the potential to uproot the US dollar. This prediction comes as the BRICS nations are taking bold steps to reduce dependence on the US dollar and establish a multipolar financial system, as highlighted in the Kazan summit. Key initiatives are underway to challenge the dollar's reign.

BRICS De-Dollarization: A Concerted Effort

The report comes after the BRICS alliance aggressively pursued the de-dollarization agenda to topple the US dollar. BRICS members are generally united in their desire to move away from the dollar-backed international financial system. When the US Federal Reserve Bank hikes interest rates, the impact is felt globally, fueling the BRICS nations' desire for greater financial autonomy. What has changed is that the United States’ competitors—and some partners—are pushing the limits of their financial autonomy within the dollar-based system.

The Potential Impact of a BRICS Currency

Should the BRICS nations establish a new reserve currency, it would likely significantly impact the US dollar, potentially leading to a decline in demand, or what's known as de-dollarization. A BRICS currency could have far-reaching implications: Reduced US Dollar Dependence: It could weaken the US dollar's status as the primary global reserve currency.

Trump's Warning and the Future

Even former U.S. President-elect Donald Trump has warned the BRICS countries that if they attempt to replace the “mighty U.S. dollar” they would face “100 percent tariffs and should…”. The stakes are high, and the future of the global financial system hinges on the decisions made by the BRICS nations and the response from the United States. “We do not write this lightly. But the speed and...” with which these changes are occurring necessitates careful observation and analysis. The Soros partner's prediction, coupled with BRICS' ongoing efforts, suggests a potentially turbulent future for the US Dollar.

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