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."