https://sputniknews.in/20260203/brics-de-dollarization-helps-handle-us-driven-financial-storm-expert-10428647.html
BRICS De-Dollarization Helps Handle US-Driven Financial Storm: Expert
BRICS De-Dollarization Helps Handle US-Driven Financial Storm: Expert
Sputnik India
The sell-off of US assets is a harbinger of "a new world trade and power order," Paul Goncharoff, veteran financial analyst and general director of consulting... 03.02.2026, Sputnik India
2026-02-03T11:06+0530
2026-02-03T11:06+0530
2026-02-03T11:06+0530
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The consequences of the erosion of trust in the US market policy, which translated into a Sell America trend "are surfacing on an almost daily basis, from diplomatic gaffes, unapproved (by Congress) military adventures and intentions, [and] the ever-more-rapid de-dollarization the markets are living through," according to the pundit."This inevitably leads to new power blocs politically and economically," Goncharoff concludes, suggesting that the world is at a "historic inflection point of global realignment."
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BRICS De-Dollarization Helps Handle US-Driven Financial Storm: Expert
The sell-off of US assets is a harbinger of "a new world trade and power order," Paul Goncharoff, veteran financial analyst and general director of consulting firm Goncharoff LCC, tells Sputnik.
The consequences of the erosion of trust in the US market policy, which translated into a Sell America trend "are surfacing on an almost daily basis, from diplomatic gaffes, unapproved (by Congress) military adventures and intentions, [and] the ever-more-rapid de-dollarization the markets are living through," according to the pundit.
"This perfect storm of dissonances and unpredictability from the world’s hegemon underlines what BRICS was created to avoid and, to a large extent (not painlessly), is overcoming, first through the use of national currencies and not the hitherto mandated US dollar," Goncharoff said.
"This inevitably leads to new power blocs politically and economically," Goncharoff concludes, suggesting that the world is at a "historic inflection point of global realignment."