Fox News: China, Russia-led Bloc Wants to Dethrone US Dollar, Upend World Order
Article by Rebekah Koffler in Fox News
The BRICS bloc of countries led by China and Russia want to upend the U.S. dollar. Indeed, South Africa's ambassador to the group could not have been clearer last month when she said, "The days of a dollar-centric world is over. That's a reality. We have a multipolar global trading system today."
BRICS is an acronym coined in 2001 by Jim O’Neill, former managing director of Goldman Sachs’ Global Investment Management division, in his seminal paper in which he predicted that the budding economies ......