"There is no chance that the BRICS will replace the U.S. Dollar in International Trade" - Donald Trump.

December 1, 2024

“There is no chance that the BRICS will replace the U.S. Dollar in International Trade” – Donald Trump.

In a recent tweet by the US president-elect, Donald Trump, he shared his conviction that no other currency can beat the US dollar in international trade, not even the BRICS currency.

He threatened to sanction any country trying to challenge the US dollar by 100% tarrif , or saying goodbye to the US market.

Here are his words below.

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“The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER.

We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy. They can go find another “sucker!”

There is no chance that the BRICS will replace the U.S. Dollar in International Trade, and any Country that tries should wave goodbye to America.”

Here are some replies to his tweet.

@CollinRugg- “Tariffs work great.

One post about them got Justin Trudeau to fly 1000 miles to Mar-a-Lago.”

@WallStreetApes- “The next step after bringing back American Dominance as the global reserve currency will be to End The Federal Reserve. Why are we borrowing and paying interest on a currency we print ourselves? Time to end the central banking cartel.

END THE FED. ABOLISH THE IRS”

@EdKrassen has a different opinion from the others.

He has this to say.

@EdKrassen- “If you put 100% tariffs on goods from BRICS nations, it would sink the US economy. I get it that we can’t let them move away from the dollar, but I hope this isn’t something you’d actually do. Instead you should create a huge BTC reserve so that the US has control over the future global monetary system. Make America the leaders in BTC to protect against this. Don’t get in tariff wars.”

Other comments.

@ThinkingCrypt0 1- “President Trump, this is why we need to embrace USD backed stablecoins to maintain the dollars status as the world reserve currency.

Push Congress to pass Stablecoin legislation and we can combat BRICs.”

@JHdaFonseca- “You should tax Brazil’s Lula as he is supporting China, Russia and Iran. I am a Brazilian who is ashamed of my country policies. Economics pain will fix this.

God Bless the USA, leader of the Free World.”

But, could this work?
Will the BRICS countries bow to the pressure from Trump?

Let’s watch as events unfold.

December 1, 2024