Would you care to make any 2026 predictions regarding BRICs?
Or do you think the US Dollar will still be the dominant global reserve currency by the end of 2026?
I think the important part about predictions is that if one wants to be seen as 'right' ( No One wants a broken watch - even those that don't work ) they are broad enough and unspecific enough ( vague ) that in hindsight one can make them apply to many situations and claim it was informed foresight - not descriptive ambiguity.
I also realise I'm going to self moderate some things because they are currently it seems quite divisive , and even if I spoke about them in a non-political way , someone will no doubt throw a tantrum at a certain world leaders / persons name just being mentioned and spin off on some diatribe.
So - BRIC's - Will it become a more substantial organisation -Yes I think so - you just need to have a look at the interested parties on the waiting list to get into the Worlds newest global nightclub.
BRICS countries list expands in 2025 as new members join, reshaping global markets amid uncertainty, volatility, and investment challenges.
watcher.guru
As its more likely to be in the interests of those in OPEC or OPEC+ to want to be included I think this will continue as it will offer secondary direct means to trade oil.
www.eia.gov
At the moment however there is a over looming issue that is a fly in the ointment in some ways for those interested parties - the Bouncer on the newly created night club has the option to impose a punitive tariff to those that wish to attend.
As such I think BRIC's will be happy to dangle a carrot to those that wish to join but be patient enough to undertsand that in all likely hood this won't happen before a reign of 2029 comes to an end. The early adopters have set the ground work - they are large enough to generate interest and hold it - others countries will want to be on the waiting list.
So I can't see the Dollar going away anytime soon. And even if it does it will just become a digital recreation I think. As to if that is backed by anything tangible??? Who knows.
I don't think any of the interested parties are seeking to rush this situation - like oil tankers they are turning but its going to take some time for them all to turn to where they need to be. But turn they will.