Geopolitical Analyst: Top Bank Predicts US Dollar Could Lose Global Status

The global financial landscape is potentially on the cusp of a major shift, with the BRICS alliance actively pursuing an agenda to dethrone the US dollar as the world’s reserve currency. This push, fueled by a desire for greater economic autonomy and amplified by recent geopolitical events, could have profound implications for the American economy. The trend towards de-dollarization, or the increased use of local currencies in international trade and finance, has been gaining momentum, particularly since the US levied sanctions against Russia in 2022. These sanctions, perceived by some as a weaponization of the dollar, have spurred developing nations…