The Future of the Us Dollar with the BRIC+ formation

BRICS is cloaking itself in resentment against the West, particularly with the lingering effects of colonialism, imperialism and sanctions by leading Western countries. Another factor is the lack of global governance system reform, including the United Nations (UN) Security Council, World Trade Organization, and international finance institutions. Russia’s invasion of Ukraine and intensified United States (US)-China competition have had two important geostrategic consequences. They have blown new life into the European Union (EU) and North Atlantic Treaty Organization, and accelerated expansion of the Brazil-Russia-India-China-South Africa (BRICS) bloc’s role and membership, as confirmed at this week’s Johannesburg summit. Is the dollar falling with the introduction of BRICS currency backed by gold ?