BRICS plans 2025 reset to challenge dollar dominance and reshape trade

Former congressman Ron Paul has warned that the BRICS nations are preparing a major monetary strategy called the “Rio Reset,” scheduled for July 2025 in Rio de Janeiro.

This initiative aims to challenge the U.S. dollar’s global financial dominance, a position it has held for nearly 80 years.

The BRICS bloc includes Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates.

“The BRICS alliance is preparing their ‘Rio Reset’ this July – exactly the challenge to dollar hegemony I’ve been predicting,” Paul stated.

The 17th BRICS Summit will focus on reshaping international trade settlements and enhancing financial sovereignty among member countries.

Paul emphasised that weakening the dollar’s reserve currency status could have serious consequences for the U.S. economy.

“When fiat money faces competition, Americans discover the true cost of endless money printing,” he warned, highlighting risks to purchasing power, retirement accounts, pensions, and government benefits.

Paul noted that central banks worldwide appear to be increasing gold reserves in response to this threat, signaling a move away from dollar dependency.

In a message posted on Birch Gold Group, he described the Rio summit plan as “their most ambitious plan yet: To create an alternative to the dollar-based financial system that has dominated global trade for 80 years.”

He compared the situation to the historic shift when the dollar replaced the British pound as the dominant reserve currency.

“Today, it’s the dollar that’s on the way out,” he said.

“Gold represents real, honest money that can’t be manipulated or devalued,” Paul stated, reiterating his support for gold as a hedge against currency devaluation.

The BRICS bloc does not currently aim to create a single currency but focuses on expanding trade settlements in local currencies.

Reports indicate that over 65% of trade among BRICS countries is now conducted in national currencies, with the dollar’s share falling to about one-third.