Posted 4/5/2024, 2:00:41 PM
BRICS Alliance Seeks to End Dollar Dominance, Leverage Energy Reserves to Rival US Financial Power
- BRICS alliance wants to stop using US dollar for trade and push local currencies instead
- Aims to challenge US dollar hegemony and become a superpower in global finance
- Constitutes 45% of world's oil reserves and 56% of gas reserves - a "superpower" in energy
- Russia and China account for 70% of global uranium production
- If Saudi Arabia joins, will further strengthen BRICS grip on global oil and gas sector
