Series BRICS Connsortium

The BRICS Consortium is made up of friends and foe and is growing in membership and influence. BRICS stands for Brazil, Russia, India, China, and South Africa and has been around for years plotting how to dethrone the dollar as the world’s reserve currency.

Our governmental regulators and bureaucrats want us to believe this is impossible. These are the same people who thought inflation was transitory and easily controlled, so some caution is warranted when taking their advice.

But the BRICS group is growing and now has as many as forty nations waiting to join. This series will track their progress over time.

BRICS and Yen

HawkeEye September 7, 2022

f you have not heard of BRICS, you eventually will and will feel its influence in markets. To be sure it is a fledgling movement with little current effect on markets. But China is the master of the “long game,” and they are slowly building a coalition to unseat the dollar as the world’s reserve currency. How long will it take? No one knows about the speed of change, there are just too many variables in this proposed transition to know. But directionally we know that China and Russia want to create a reserve currency that is separate from the U. S. Dollar.

BRICS 2

HawkeEye August 23, 2023

Back on September 7, 2022, we wrote about the beginnings of a movement known as BRICS (Brazil, Russia, India, China, and South Africa) in an article titled BRICS and Yen.