Breaking the Dollar Cycle: A Path Towards Global Equity!

America's Unchecked Dollar Printing and its Global Impacts

Imagine the power of printing money without limits—America does just that. An estimated 70% of U.S. dollars circulate outside America. However, in recent years, the U.S. has doubled its dollar supply, issuing as much new currency as existed before. If there were initially 100 dollars globally, another 100 have now been added. But most of these new dollars remain within the U.S., while other countries are left with the same amount of currency, diluted in value.

When the supply of money doubles, its value declines. Thus, the real value of 130 dollars in the U.S. may drop to an effective worth of 65 dollars, while the rest of the world’s 70 dollars shrinks to a value equivalent to 35 dollars. This devaluation hits other countries harder than the U.S., which gains from it.

America’s ability to print money freely leads to unchecked spending globally, as it can purchase talent, technology, and resources from all over the world. Consequently, some of the world’s brightest minds flock to the U.S., contributing to its growth while other nations face a brain drain. Additionally, America uses its financial leverage to export its policies and interests worldwide, often funding wars, conflicts, and influence campaigns—all at the global community's expense.

This system—known as the fiat and reserve currency system—is harmful, fostering poverty, hunger, and unrest worldwide. It fuels conflicts, causing mass displacements and casualties. Therefore, the need for an alternative is urgent. BRICS nations are now challenging this system, pushing for a new global financial order that could offer fairer opportunities, especially for Global South countries.

Reflection: America's monetary policy reverberates far beyond its borders. The consequences of unchecked currency printing affect economies, fuel conflict, and deepen inequities. An alternative financial system, as proposed by BRICS, offers hope for a fairer future, where nations no longer shoulder the costs of America's financial strategy. It's time for a global economic system that benefits all and addresses the root causes of poverty and unrest.

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