The post BRICS’ Rio Reset: Ron Paul Says Dollar’s 80-Year Reign Is Under Threat appeared first on Coinpedia Fintech News
The BRICS nations are all set to launch a bold new plan this July: A financial system that challenges the dollar’s dominance as the world’s top currency. Just like the dollar once replaced the British Pound as the global reserve, the dollar itself may be facing a big change now.
BRICS Unites for ‘Rio Reset’ To Challenge USD
The initiative is led by Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the UAE, who are expected to launch a plan to change how global trade is settled. Their goal is to boost financial independence and reduce reliance on the U.S. dollar.
This move is expected to be announced at the 17th BRICS Summit, which will take place in Rio de Janeiro on July 6–7, 2025.
According to Former Congressman and money advocate Ron Paul, the plan aims to shake up the global financial system by challenging the U.S. dollar’s dominance, which it has maintained for nearly 80 years. “The BRICS alliance is preparing their ‘Rio Reset’ this July – exactly the challenge to dollar hegemony I’ve been predicting,” he said.
“When fiat money faces competition, Americans discover the true cost of endless money printing,” he said. He has warned that if the U.S. dollar loses its global demand, it would make everyday goods more expensive and put retirement funds, pensions, and government benefits at risk.
Gold: The Safe Bet Before the “Rio Reset”
Paul is urging Americans to act now and consider gold as a key part of their financial strategy. He says that gold is real, stable money that cannot be easily manipulated or devalued like paper currency. With the upcoming “Rio Reset” in July, he believes it is the right time to protect wealth by diversifying into gold. Central banks around the world are already preparing by stocking up on gold, moving away from dollar reliance.
BRICS countries are using their own currencies more for trade, cutting down on the U.S. dollar. Now, over 65% of their trade is in local money, and the dollar is only about a third.
BRICS vs. US Dollar
Earlier in January, President Trump had wanted BRICS not to create a new currency or back anything to replace the dollar, or they would face steep tariffs of 100%. Brazil’s President had made it clear that BRICS is determined to end the US dollar’s dominance, no matter what. Russia had also said that the US’s pressure to keep the dollar would not work and could backfire.
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FAQs
The BRICS ‘Rio Reset’ is a 2025 plan to reduce U.S. dollar dominance by reshaping global trade settlements using local currencies.
Yes, over 65% of BRICS trade is now done in local currencies, cutting reliance on the U.S. dollar.
Gold is seen as a stable hedge amid fears of dollar decline caused by the upcoming BRICS shift.
