You Won’t Believe What BRICS Did to Dollar Domination—It’s Not Yoga!
This week in Rio (cue the caipirinhas and unintelligible Wi-Fi passwords), BRICS foreign ministers gathered to do what foreign ministers do best: issue long statements stuffed with serious phrases and—let’s be honest—a soupçon of passive-aggressive shade toward Western finance. They basically said, “Yeah, we’d prefer not to keep using ‘dominant global currencies,’ wink wink.”