BRICS to Eliminate US Dollar Financial System in 2024

BRICS to Eliminate US Dollar Financial System in 2024

BRICS nations are continuing their de-dollarization mission at a fast pace to eliminate the U.S. dollar-dominated financial system. Following expansion to ten nations in August 2023, the BRICS alliance has continued to practice trade in local currencies and the development of a BRICS currency to dethrone the US dollar in global markets. Now, BRICS countries…

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China lays out contrasting vision for financial system, rejects ‘predatory’ Western outlook

China lays out contrasting vision for financial system, rejects ‘predatory’ Western outlook

The commission also had strong words for the consequences it found that theory has wrought. “Under the capitalist ideology and social system, finance capital reveals its monopolistic, predatory and vulnerable nature,” it said. “It not only creates a huge gap between rich and poor, but also triggers recurring economic and financial crises.” To control those…

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