NuclearDolphin@lemmy.mltoWorld News@lemmy.ml•BRICS plans ‘multi-currency system’ to challenge US dollar dominance
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16 days agoCan you elaborate? What tampering do you mean, what benefits does it provide, and why would the be lost because of this move?
This is actually why I say those effects will take a while for the global south. Construction projects usually take years before their utility is realized. In the meantime, there is no alternative to the dollar for the global south. They cannot oppose unilateral sanctions yet, nor can they organize against US imperialism.
I’ve been pleasantly impressed by the rate of progression in recent years, but I’m not getting my hopes up for an early miracle. I’ll pray for the collapse of the dollar, but my bet is on 10-20 years before the US cannot wield their economic posture as a weapon against most of the world.