BRICS: US Central Bank Hits $1T in Losses, What it Means for the Dollar
Amid the BRICS ongoing de-dollarization initiative, the US Central Bank has officially hit more than $1 trillion in losses, which could have a massive impact on the dollar. Indeed, the Federal Reserve has seen its paper losses actualized into more than $100 billion in actual losses. Moreover, there appears to be no relief on the doorstep. The country has consistently been fighting off mounting national debt. With many forecasting a debt crisis in 2030, there have been rumblings about what this could mean for the dominant global reserve currency. This is especially concerning as the country has yet to navigate through its ongoing interest rate dilemma. Source: Brookings Institute Also Read: BRICS : Top Analyst Predicts U.S. Dollar Collapse US Federal Reserve Reaches $100B in Actual Losses as BRICS Keeps Coming for the Dollar The Federal Reserve appears to be grappling with a struggling balance sheet. As the BRICS alliance works to challenge its position, the US Central Bank has offici...
