The de-dollarisation process is unstoppable, former US presidential candidate Ron Paul is quoted by the Asian website infoBRICS as saying. This is not surprising, as the world is tired of U.S. interventionist policies, the politician believes.
Paul pointed out that the BRICS bloc does not hide its plans to fight the dollar. This is just the first wave of attacks on the American currency: more and more countries will join this fight, and eventually the dollar system will collapse.
“Every day you will read another story about some major country doing deals around the world using local currency,” warns Ron Paul.
That the BRICS states are already discussing the creation of a full-fledged replacement for the dollar has been confirmed in Russia. Negotiations on a new BRICS currency are underway, and an agreement is expected to be reached this year.
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