“The De-Dollarization Revolution”

The BRICS SUMMIT encompassed several key objectives and have profound implications. Let's delve into each point in detail:

1. An alternative to U.S. global financial dominance: The BRICS SUMMIT aims to establish an alternative framework to challenge the longstanding global financial dominance of the United States. This signifies a significant shift in the balance of power, as it seeks to offer countries an alternative avenue for

economic cooperation and financial transactions beyond the traditional U.S.-dominated systems.

2. A method of avoiding the weaponized U.S. dollar: One critical aspect of the BRICS SUMMIT is to create a mechanism that mitigates the potential weaponization of the U.S. dollar. Historically, the United States has utilized its currency's global reserve status to exert influence over geopolitical matters. By fostering an alternative system, the Accords seek to reduce the vulnerability of nations to such tactics and promote a more balanced and equitable global financial landscape. 3. A way of avoiding inflation caused by excessive dollar-printing: The BRICS SUMMIT concerns related to inflationary pressures resulting from excessive printing of U.S. dollars. When the United States increases the money supply significantly, it can lead to inflation not only domestically but also impact other countries due to the dollar's global influence. The BRICS SUMMIT proposes strategies to minimize the potential adverse effects of excessive dollar printing and stabilize global economic conditions. 4. A means of simplifying and streamlining bilateral trade agreements: Another crucial objective of the BRICS SUMMIT is to simplify and streamline existing bilateral trade agreements. By establishing a standardized framework for trade, the Accords seek to enhance efficiency, reduce administrative burdens, and promote a more seamless flow of goods and services between participating nations. This can lead to increased economic cooperation, expansion of markets, and improved trade relations.