🤣BRICS think they will sink USD!!

By Rexicon | Stablish | 11 Sep 2024

There are many events attempting to alter the current status quo (especially touching the BRICS faction), ripening by the ticker.

The catch phrases echoed by our market watchers being, " the Dollar is on a collapse, and the ZAR/Rand is gaining traction". Well, performance of the ZAR is actually improving.

I wouldn't call it trumping the Dollar though, given many investors were pulling away, but since our recent elections, investors being delighted by the outcome are reinvesting. That's it, and the so called USD ran companies diversifying their assembly plant locations, e.g. Ford, Amazon, Microsoft, etc.

Okay, okay... What is my point!?

Recent announcement is China is expanding it's funding portfolio to aide African nations achieve potential ultra wealth status/ first world status. Preferring to remain locally inclined, South Africa 🇿🇦 has been a recent recipient of $50bn financial Aide, no obligations, so they say.

From our lense, CCP is now on an upper footing, as it continues to ease our frustrations... Blah, blah... Fast ⏩ forward.

Do I think US will sink to the BRICS in the event of a cold war?

No. Maybe my reasoning may be superficial, yet it's dawning brightly on me.

- Germany has succumbed to a loss in the previous war, to this day the pound is the strongest currency. So war and conflicts don't determine currency strength.

- US 4th industrial projects have the potential to outperform the East based tech innovations, e.g. Flying cars, hover bikes, new generation tyres, high tech drones. Only if they are not prematurely launched.

- Policy changes will slow down BRICS economy as they attempt to alter it to favor their new trade partners.