Horst D. Deckert

New figures: Dollar will lose 10 percent of its value due to BRICS countries’ de-dollarisation. Chain reaction looms

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The plans of the BRICS countries – Brazil, Russia, India, China and South Africa – to no longer settle payments among each other in dollars and to introduce their own common currency have a deep impact on the United States. Multipolar Magazine has calculated the resulting loss in value of the dollar for various scenarios. One likely consequence: US government bonds will become unattractive as a financial investment. The threat to the US grows all the more as numerous countries want to join the BRICS group this year.

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