The way I see it if say the BRICS countries decide among themselves to trade goods without the dollar that LESSENS the demand or need for more dollars. Just like what was announced a week or so ago with China and Brazil agreeing to trade between themselves IN THEIR OWN CURRENCIES. So, the use of dollars isn't needed as much because these various countries are by-passing using dollars as the reserve currency.
IMO this will be a slow bleed for the dollar The beginning of the end for it as the reserve currency because the rest of the world has finally wised up to the scam being played on them and also that the U.S. is a waning power going forward.
This will also be the reason we should see a fairly steady decline in the dollar moving forward because it will no longer be used universally. That's also why the advantages the U.S. have enjoyed with the dollar will eventually disappear. I've said this before that I expect to see a trend where countries are trading amongst themselves with their own currencies maybe before they create something like what the BRICS countries are looking to do. The dollar will be pushed to the side and become less relevant moving forward. The big question to be answered is can the U.S. economy handle these changes going forward? What happens to the U.S. as the dollar usage is weaned from the rest of the world?
I've read before that the DOLLAR is the U.S.'s biggest export. What happens when that ends? I would contend the wealth shifts to other parts of the world and to other emerging currencies and away from the dollar.
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