It’s like that one aunt at the family reunion – you know, the one who just won’t leave. That’s the US dollar, clinging to its status as the world’s go-to trade currency. But let’s be real, its value is dwindling faster than a Kardashian’s attention span 🤑.
Meanwhile, BRICS (that’s Brazil, Russia, India, China, and South Africa for those who don’t speak acronym) is over here like, “Hey, we’re a world power now, and we’re gonna make our own currency, thankyouverymuch!” 💁♀️
Now, I know what you’re thinking: “But didn’t they already try this and it didn’t work out?” Well, yes and no. It’s like that one relationship that didn’t quite work out, but you’re still friends on Facebook. The idea of a BRICS currency has been floating around for a while, and it’s been revived by Brazil’s President Luiz Inácio Lula da Silva. Because who doesn’t love a good comeback story? 🎉
During the 2025 BRICS summit in Rio de Janeiro, Lula was all, “Hey, New Development Bank, can we get a new trade currency going? For the benefit of humanity, of course!” 🌎
And let’s not forget, this isn’t a new concept. The ALBA–TCP bloc already has its own digital currency, the Sucre, which is like the cool, younger cousin of the US dollar. 💸
But, of course, not everyone is a fan of this idea. President Trump is all, “If you’re friends with BRICS, you’re going to get an extra 10% tariff!” 🤑 Which is like, okay, dude, calm down. It’s just a currency. Don’t be that guy who gets upset when someone doesn’t want to play with them. 🤣
Despite all the drama, a BRICS currency is basically inevitable at this point. I mean, some of these countries have been hit with sanctions that make it hard for them to trade using the US dollar. It’s like, hello, alternative currency! 👋
And let’s not forget the whole “pegged to gold” thing. Because who doesn’t love a good gold standard? 💃 It’s like the ultimate symbol of economic stability. Or, you know, a fancy way of saying “we’re not sure what we’re doing, but hey, gold is shiny!” 🤑
Anyway, the point is, BRICS is growing, and with it, the need for its own currency. It’s like that one friend who finally moves out of their parents’ basement and gets their own apartment. Congratulations, BRICS! You’re officially a grown-up! 🎉
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2025-07-08 01:57