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The US Treasury Warns Of The Fall Of The Dollar And The Dominance Of BRICS - Foreign Affairs - Nairaland

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The US Treasury Warns Of The Fall Of The Dollar And The Dominance Of BRICS by SummaryChannel: 3:44pm On May 09, 2023
America is close to defaulting on its debts...and the US Treasury Department warns of the fall of the dollar and the dominance of BRICS


https://www.youtube.com/watch?v=uPP0JX6ouxw

This episode of Samari TV goes back to the US debt ceiling crisis, as the dispute continues between the US administration of President Joe Biden and the Republican majority in Congress, which refuses to raise the debt ceiling unless Biden meets its conditions related to reducing government spending and canceling a set of financial programs that the US President had announced. Previously, such as those related to student loan forgiveness, or exemptions related to renewable energy companies.
And US Treasury Secretary Janet Yellen had warned, in a televised interview, of the consequences of not raising the debt ceiling in Congress, as she said that the matter would lead to the inability of the United States for the first time in its long history to pay its debts and fulfill its financial obligations, in addition to damage to its credit reputation as the most reliable destination within. global financial system.
On the other hand, the episode indicates the definite negative effects that will be inflicted on the US dollar as a result of the failure to raise the debt ceiling, and the opportunity that may be available as a result of this for the BRICS economic group to promote its single currency to be discussed next August among the countries of the world.

Re: The US Treasury Warns Of The Fall Of The Dollar And The Dominance Of BRICS by Nobody: 3:49pm On May 09, 2023
that will be the best day for the whole world,america power must be reduce so they can stop poking their nose in other people business

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