Brics vs. Petrodollar: Danger for the dollar - Saudis at the turning point!

Brics vs. Petrodollar: Danger for the dollar - Saudis at the turning point!

Attention, excitement! The BRICS countries are about to shake the global financial structure vigorously. A possible departure from the petrodollar could mean the end of the US-shaped oil trade dominance and thus falter the dollar. Allianz has long shown the firm will to push its local currencies. For nations like China, whose Yuan gains presence rapidly, this could be a real gamuchanger. So far, the US dollar share of the global currency reserves is crumbling by a whopping 14%-and the clock ticks for more drastic burglaries, as reports watcher.guru .

The worst-case scenario for the USA: a decline of global demand for the dollar and an abrupt end of the petrodollar recycling party, in which excess dollars are invested in safe US state bonds. And as if that weren't enough, America's economic freedom would be increasing, while the BRICs could benefit from rental costs of their new leader currencies. If this happens, the geopolitical muscle strength of the United States should significantly decrease. Because without the dollar dictation, the West would suddenly have to fit into the international economic order unconditionally. It remains to be asked: Who is still in the front row when this poker is played out for the global future?