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→BRICS group
==BRICS group==
==BRICS group==
[[File:Bessent 12-5-25.PNG|right|300px|thumb|[[U.S. Treas. Sec.]] [[Scott Bessent]] tries to convince investors to by [[U.S. Treasury]] [[debt]] to [[finance]] the [[budget deficit|deficit]].<ref>https://archive.is/H58cb</ref>]]
{|class="infobox" style="float:right; font-size:85%; width:1ex; line-height:17px; margin: 0px 0px 5px 50px" cellpadding="1"
|[[File:Bessent 12-5-25.PNG|175px]]
|[[File:Franklin 12-5-25.PNG|225px]]
|-
|colspan="3"|<hr/>(Left): [[U.S. Treas. Sec.]] [[Scott Bessent]] tries to convince investors to by [[U.S. Treasury]] [[debt]] to [[finance]] the [[budget deficit|deficit]];<ref>https://archive.is/H58cb</ref> (right): an [[X]] follower responds.<ref>https://www.youtube.com/watch?v=lUFN1ecch48</ref>
|}
The [[BRICS]] group, led by [[Russia]] and [[China]] began building an international finance and trading system that does not rely on dollars, that uses countries’ local currencies, [[gold]], [[oil]], or other [[asset]]s to trade.<ref>https://www.investopedia.com/terms/b/brics.asp</ref> The U.S. abuse of economic sanctions to [[blackmail]] and punish other countries that did not bend to America's will added to the impetus.<ref>https://www.washingtonpost.com/business/interactive/2024/us-sanction-countries-work/</ref> The rise of BRICS means that the US dollar will, at a minimum, lose its relative monopoly on oil and [[gas]] trades and sales.<ref>[https://investingnews.com/brics-currency/ How Would a New BRICS Currency Affect the US Dollar?], Melissa Pistilli, Mar. 18, 2025.</ref>
The [[BRICS]] group, led by [[Russia]] and [[China]] began building an international finance and trading system that does not rely on dollars, that uses countries’ local currencies, [[gold]], [[oil]], or other [[asset]]s to trade.<ref>https://www.investopedia.com/terms/b/brics.asp</ref> The U.S. abuse of economic sanctions to [[blackmail]] and punish other countries that did not bend to America's will added to the impetus.<ref>https://www.washingtonpost.com/business/interactive/2024/us-sanction-countries-work/</ref> The rise of BRICS means that the US dollar will, at a minimum, lose its relative monopoly on oil and [[gas]] trades and sales.<ref>[https://investingnews.com/brics-currency/ How Would a New BRICS Currency Affect the US Dollar?], Melissa Pistilli, Mar. 18, 2025.</ref>