BRICS vs. the Dollar: Goldman Sachs’ Optimistic Take Misses the Bigger Picture

Goldman Sachs has made a bold call: the U.S. dollar is set for a major boom, fueled by tariffs and renewed economic protectionism under the Trump administration. According to the investment giant, long positions on the dollar could prove highly profitable as trade barriers push capital into USD-denominated assets. But while the financial press is quick to celebrate this “strength,” there’s a more sinister reality at play—one that exposes just how precarious the global financial system really is. BRICS' De-Dollarization Agenda Hits a Roadblock For years, the BRICS nations—Brazil, Russia, India, China, and South Africa—have been working to reduce their dependence on the U.S. dollar. They’ve built alternative payment systems, hoarded gold, and even floated the idea of a BRICS…