BRICS: When Barack Obama Predicted the US Dollar's Future
When BRICS was formed in June 2009, former US President Barack Obama had predicted the future of the US dollar. Three months after BRICS was formed in 2009, Obama spoke in length about the USD highlighting its importance across the world. The former President revealed that investor’s confidence in the USD is high and will remain the same for many more years. Also Read: BRICS Gives Huge Update: Non-Members Can Settle Trade In New Payment System However, fast-forward 16 years to 2025, the geopolitical landscape has experienced a paradigm shift. Developing countries are advancing financially and competing with the US in tech, trade, and science. BRICS is also looking to topple the US dollar giving Barack Obama’s 2009 prediction a reality check. The global financial markets are rapidly evolving with emerging economies looking to dominate the geopolitical spectrum. Also Read: De-Dollarization: China Dumps $23 Billion Worth of US Dollars BRICS: Barack Obama Had Predicted the US Do...