BRICS 2024: A Bluff or a Blueprint for Dollar Doom?

China’s debt and demographic crisis

Article Summary

Another year, another hollow war cry from the BRICS bloc. Brazil, Russia, India, China, and South Africa strut onto the stage every year promising to dethrone the U.S. dollar as the global kingpin. Yet, despite their grandstanding, the greenback ended 2024 not just unscathed but fortified. The so-called BRICS dream remains mired in underwhelming coordination, economic instability, and geopolitical chaos. Let’s not mince words: the bloc’s bluster is less a revolution and more a rickety stage performance.

But as we enter 2025, the stakes are climbing. A reinvigorated Trump administration stands poised to wield America’s economic might with unapologetic force. Can BRICS finally deliver on its promises—or is this just another chapter in their chronicle of floundering fantasies?

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