BRICS - Global Impact

[MkukiMoto]

With recent news on BRICS, let's assume that Kenya and likeminded African countries are relying on their own economic and financial experts to gauge the impact of BRICS on respective domestic economies.
It would be a fatal mistake to "swallow whole " packaged information from the IMF, World bank or biased American and British political analysts.
African countries like South Africa, Nigeria and Ethiopia currently working with BRICS, obviously have done their on math’s , even if it is out of political expediency.

* BRICS: Prepare for US Dollar Collapse, IMF Warns

BRICS: Prepare for US Dollar Collapse, IMF Warns

According to a Russian IMF representative, BRICS is ready to offer an alternative to the US Dollar amid the currency's collapse.

watcher.guru

* BRICS: India & Nigeria Finalize Major Partnership Ditching US Dollar

BRICS: India & Nigeria Finalize Major Partnership Ditching US Dollar

BRICS: India finalized a major trade partnership with Nigeria that puts local currencies ahead of the US dollar for cross-border transactions.

watcher.guru

 

[DeepInYourMind]

It is common investment advice to diversify assets to minimize risk. Why then when it comes to international trade and in reserve currencies should countries not also diversify?

 

[MkukiMoto]

It is common investment advice to diversify assets to minimize risk. Why then when it comes to international trade and in reserve currencies should countries not also diversify?

Is the US government and the private sector seeing it your way ?