Soaring US Debt Fuels BRICS Push for Alternative to Dollar
• US national debt increases by $1 trillion every 100 days, touches $34.4 trillion • Bank of America warns of possible US dollar collapse due to uncontrolled debt growth • BRICS spreads de-dollarization initiative across the world amid US debt crisis • Decline in US dollar allows BRICS to lead developing nations into de-dollarization • BRICS waits for US dollar decline to advance own currency in global markets