Important Takeaways:
- BRICS Begins Major Expansion to Undermine U.S.
- For the first time in nearly a decade, BRICS – the bloc of nations led by Brazil, Russia, India, China and South Africa – will expand, with Saudi Arabia and the United Arab Emirates (UAE) receiving formal invites, as well as Argentina, Egypt, Ethiopia, and Iran set to join in a year.
- One of the top priorities of the BRICS nations has been to end the U.S. dollar’s global financial dominance. As the global reserve currency, the U.S. dollar is a key tool used by the United States government to maintain its global hegemonic status.
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