BRICS: Purchasing Power of the US Dollar Could Fall From 3% to Zero
The purchasing power of the US dollar is declining every year leading to inflation in the homeland. The CEO of Zang Enterprises, Lynette Zang emphasized that the purchasing power of the US dollar is eroding at an advanced speed. This comes when the BRICS alliance is looking to pin the US dollar down as the world’s reserve currency. Also Read: BRICS Currency: 40% Could Be Tied to Gold, 60% in Local Currencies Only 3% of the US dollar’s original purchasing power remains in 2024, as documented by the Federal Reserve this year. “This is what the official government data will tell us,” said Zang. This gives BRICS more mileage to take on the US dollar as its purchasing power is dwindling. BRICS: US Dollar Purchasing Power Might Fall to Zero, From the Current 3% Source: beincrypto.com Zang explained that the US dollar’s purchasing power could collapse to zero from the current 3% that it enjoys. She predicted that it could fall to zero next year in 2025. BRICS could exploit th...