Posted 2/14/2024, 4:46:58 AM
Fred Smith: BRICS Nations Seek to End Dollar's Reserve Status, Which Could Erode U.S. Wealth
- Fred Smith warned BRIC nations are plotting to dethrone the U.S. dollar as the world's reserve currency
- If the dollar loses reserve status, Smith says the U.S. standard of living will be gone
- U.S. is wealthy due to inventions, leading world trade, and the dollar being the reserve currency
- BRICS alliance of Brazil, Russia, India and China deliberately want to dethrone the dollar
- If U.S. can't sell bonds and the dollar loses status, U.S. living standards will vanish
