Donald Trump fears the end of the American dollar’s hegemony over the world. It’s obvious! It’s clear that he wants to protect this hegemony, but I think this type of statement is counter-productive, and may even accelerate the BRICS and BRICS+’s desire to create their alternative.

16 comments

1. How could Spain do this to America?

2. BRICS isn’t abandoning the dollar, although that might be the result. “Inside China Business” has several videos explaining how China is using the dollar trade surplus to build railroad in Africa (for instance). They can use the dollar status as the world’s only reserve currency while not exposing the Yuan to erosion.

   The point I’m trying to make would require an 8 page essay, with footnotes from dozens of sources.

   Let’s just say, Trump’s tariffs are going to destroy the American Economy.

3. I’m not sure alienating EU, cutting all foreign aid and pissing off Opec is going to make the dollar hegemony that much easier to maintain.

4. No one in BRICS was even talking about replacing the dollar

5. Your president is a toddler.

6. Everyone American who isn’t part of the cult is already saying goodbye to the America we knew.

7. The more you tighten your grip, Tarkin, the more star systems will slip through your fingers

8. Yeah, I’m sure they give a flyin fxxkn

   NOT.

9. An under-developed corrupt far-right self-interested blowhard was NOT the answer

10. He just admitted the Biden economy is wonderful!!

11. jeeze can these countries just create cryptoBRICS asap so we can move on with the daily tantrump?

12. Smells like the petro dollar all over again. Wonder what war will come of this.

13. Trump is making the right move by addressing the BRICS challenge early, preventing it from gaining traction before it becomes a serious threat. There are numerous reasons why BRICS is unlikely to succeed in replacing the U.S. dollar.

    First and foremost, they lack a unified currency. Unlike the Euro, BRICS has no common financial instrument to facilitate seamless trade among its members. Without a singular, stable currency, their ability to compete on a global scale remains fragmented.

    China, the largest economy in the group, is facing a **real estate crisis, capital flight, and declining foreign investment**—all of which are detrimental to establishing a credible alternative to the dollar. Meanwhile, Russia remains heavily sanctioned, its currency has **depreciated significantly**, and it is largely **isolated from global financial markets**.

    Beyond economic struggles, BRICS faces **deep internal divisions**. India and China are major geopolitical and economic competitors, making full alignment on a shared monetary policy highly improbable. Brazil, another key member, also competes with China in various industries, further complicating the group’s cohesion.

    The dominance of the U.S. dollar is another insurmountable hurdle—**over 80% of global transactions** are conducted in USD. The global financial system is already built around the **Federal Reserve, SWIFT, and major international banks**, which have **established trust and efficiency over decades**. BRICS has attempted to create alternatives, such as China’s **CIPS payment system**, but these efforts have failed to gain significant traction.

    A key issue many overlook is the **fundamental lack of trust in China’s financial practices**. While businesses rely on China for **cheap manufacturing, they do not trust the yuan as a stable financial instrument**. China’s continued **currency manipulation** has already been a source of conflict with both India and Brazil, further weakening BRICS’ ability to establish a unified economic strategy.

    Lastly, if China were truly serious about challenging the dollar, why does it still **hold over $800 billion in U.S. Treasuries**? This continued reliance on U.S. financial instruments underscores the reality that, despite their rhetoric, BRICS nations remain deeply dependent on the very system they claim to oppose.

    Trump understands this and is addressing the issue proactively. While BRICS is not an immediate threat, allowing it to develop unchecked could create long-term economic and geopolitical risks. By taking decisive action now, he is ensuring that the dollar’s dominance remains unchallenged.

14. He’s getting the fear part out the way . Stirring the pot

15. my advice : buy land, dnt hoard USD-

16. I don’t think he’s “scared” of it so much as he was the “useful idiot” when they told him that if he helped to CRASH what we have here, they would help him “rule” over the rebuild. The truth is, these other countries never intended for there to be a rebuild for us. They are laughing as he burns things down. The more they spurn him, the more he burns hoping to get their attention back … it’s pathetic really.

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