BRICS Expands, But the Dollar Still Reigns — For Now
The Headlines Say “Expansion.” The Numbers Say “Stalemate.”
In recent back-to-back reports, journalist Vinod Dsouza covered two critical developments in the evolving BRICS narrative:
- The second stage of BRICS expansion is officially underway, with countries like Indonesia now full members and talks of creating a new tier of “partner states” actively moving forward.
- Despite the political momentum, BRICS’ long-standing goal of de-dollarization remains mostly rhetorical. The alliance is fractured on strategy, and the numbers show the U.S. dollar isn’t just surviving — it’s thriving.
Taken together, these two developments paint a telling picture of where global finance is headed — and how Americans who are still sitting on piles of cash may be playing with fire without realizing it.
BRICS Grows Bigger — But Not Yet Stronger
Russia’s BRICS Sherpa, Sergey Ryabkov, recently confirmed that the alliance has “entered the second stage of expansion.” No timeline was given, but the direction is clear: BRICS is no longer just a bloc of five. With Indonesia joining in January 2025, it’s now a 10-member group with ambitions to rival Western institutions like the G7 and the IMF.
They’re also discussing a new class of partner states — a kind of halfway house between observer and full member — allowing more countries to align themselves with the anti-dollar movement without fully committing.
This expansion matters. Not because BRICS has solved its internal contradictions — far from it — but because it signals a growing consensus: the world is tired of the U.S. dollar's chokehold.
De-Dollarization: Rhetoric vs. Reality
On paper, BRICS is leading the charge to dethrone the dollar. In practice, it’s not even close.
While countries like China, Russia, and Iran have all called for the end of the dollar’s dominance, they can’t agree on what to replace it with. China wants the yuan. Others prefer a hypothetical BRICS currency. Still others push for bilateral trade in local currencies.
This fractured strategy is a gift to the U.S. Treasury.
Despite falling from 85% in the 1970s to 58% of global reserves today, the dollar remains the most widely used currency in global transactions — 90% of all FX trades and 48% of SWIFT payments are still conducted in greenbacks.
Meanwhile, the yuan — despite China’s global heft — clocks in at a mere 7% of global foreign exchange transactions.
The Dollar Is Still King — But the Throne Is Cracking
Let’s not misunderstand the numbers. Yes, the dollar remains dominant — but it’s dominant in a system that’s rotting from within.
The dollar isn’t strong because it’s well-managed. It’s strong because there’s no unified alternative. And BRICS’ inability to present one doesn’t mean the dollar is safe — it means the world is still shopping for a better option.
And when that alternative comes — whether it’s a BRICS currency, a gold-linked token, or a digital trade settlement network — the dollar’s fall could be sharp, not slow.
The Real Risk for Americans? Complacency
The average American hears “BRICS” and shrugs. They hear “de-dollarization” and assume it’s some far-off conspiracy theory.
But while they’re busy watching Sunday football and trusting their banks, central banks across the world are hoarding gold, cutting dollar reserves, and laying the groundwork to exit the U.S.-led financial system.
Ask yourself: Why are governments buying record levels of gold since 2022? Why are sovereign nations moving toward bilateral trade agreements outside of SWIFT? Why is the IMF floating new forms of global liquidity?
They know what’s coming.
And if you’re holding all your wealth in dollar-based assets, you’re the one left without a chair when the music stops.
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Don’t Wait for the Warning Bell — Move Before They Do
We’re not going to get a press conference when the dollar gets devalued. You won’t see a televised alert when your bank imposes withdrawal limits. The reset won’t come with fanfare — it’ll come with silence and locked doors.
That’s why it’s time to prepare now.
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Your future self will thank you. Or curse you. That part’s up to you.
—
Eric Blair
Dedollarize News
