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The BRICS Threat: More Real Than JP Morgan Admits?

EDITOR'S NOTES

Wall Street’s latest narrative is that BRICS de-dollarization efforts are overhyped, and the U.S. dollar remains “entrenched.” But is this analysis sober truth—or strategic misdirection designed to keep Americans complacent as the global monetary order shifts beneath their feet? In this commentary, I break down what JP Morgan isn’t telling you about the future of the dollar, why the BRICS bloc poses a real threat, and how you can prepare for the coming monetary fracture.

Mr. Anderson Sep 9, 25

The Smokescreen of Stability

When JP Morgan tells you not to worry, that’s when it’s time to worry.

Their latest proclamation that the dollar’s dominance is “structural in nature” sounds comforting—but it feels eerily similar to the way Lehman Brothers told us in 2008 that “liquidity is strong.” Days later, they were gone.

Wall Street wants you calm. But beneath the surface, global tectonics are shifting, and the BRICS alliance—Brazil, Russia, India, China, and South Africa—isn’t playing the slow game anymore. They're building systems, forging alliances, and positioning themselves to attack the dollar’s role as the world’s reserve currency.

The question is: Are you being told the truth, or are you being pacified?

Analysis: What They Say vs. What They Mean

Let’s start with JP Morgan’s core argument: that the dollar will continue to dominate because of "deep and liquid capital markets" and "rule of law."

Sounds good—if you live in a textbook.

But the reality is more brutal:

The dollar’s share of global reserves has collapsed from 73% in 2001 to 58.4% in 2023.
That figure has held since 2021 not because of confidence, but because of lack of scalable alternatives—until now.
BRICS nations are building gold-backed alternatives and bilateral trade systems that bypass SWIFT entirely.

China and Russia have been testing cross-border payment systems that don't rely on the dollar. India’s UPI is expanding into Asia and Africa. These aren’t pipe dreams—they're real infrastructures replacing a fragile, trust-dependent system.

Even more telling: Trump’s aggressive tariffs and threats signal that Washington knows what’s coming.

Why else would he call India a "dead economy" one week, and "a vital partner" the next? Because they’re no longer under America’s monetary leash.

So when JP Morgan says, "meaningful erosion of dollar dominance is likely to take decades," you have to ask yourself: Are they predicting, or are they praying?

The Contrarian View: What If They’re Wrong?

Let’s explore the “unspoken scenario.”

What if BRICS doesn’t need to completely replace the dollar—but only weaken it enough to fracture trust?

History tells us that reserve currencies don’t fail overnight. They decay in phases:

Erosion of trust (already happening)
Diversification by key economies (happening)
Rapid sell-off during crisis (incoming?)

The collapse of Bretton Woods didn’t begin with Nixon in 1971. It started with France demanding gold in the ‘60s. The trigger came years later—but when it came, it was fast and brutal.

So the real risk isn’t that the dollar vanishes tomorrow. It’s that when a crisis hits—war, credit freeze, sanctions blowback—countries now have an exit plan.

A BRICS-backed currency, even if imperfect, becomes the anti-dollar. And once enough dominoes fall, Wall Street’s “decades” timeline collapses into months.

Prediction: Financial Multipolarity is Here

The illusion of dollar safety is being maintained by legacy infrastructure, not loyalty. Meanwhile:

Central banks are hoarding gold—record levels of buying for three straight years.
U.S. Treasuries are being offloaded by China at a steady pace.
Digital currencies tied to commodities are coming into play.

BRICS doesn’t need a perfect system. They just need a credible enough system to split global liquidity—and that’s already happening.

And who suffers most when confidence in the dollar breaks? You. The saver. The retiree. The person holding cash while inflation silently robs you.

The Calm Before the Reckoning

If you’ve ever wondered why the elites keep telling you “everything’s fine,” it’s because they want time—time to reposition, to restructure, to escape.

They won’t be holding dollars when the next global liquidity crisis hits. You will.

And you’ll be left holding the bag—unless you act.