Beginning of the End of U.S. Dollar Hegemony

You'd get a better reception for this headline here.

FYI these countries have needed to do this for a LONG time, and the Putin shots at America are nothing new. By the way, you do know this fund is denominated is US dollars, right?

quote:

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Beginning of the End of U.S. Dollar Hegemony
BRICS flip us the bird.

LINK

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I'll be laughing my a** off at the BRICS when the USD goes from the current 80 to around 130 to 150 in the next 5 to 8 years. Russia will come apart at the seems with a strong USD and ~$60/bbl crude oil.

All of the dollar doomsayers are going to feel the pain betting against the dollar IMO.

Anyone know where the USD index was at at the start of QE? About 78. After 6 years of QE it is at roughly 80, in other words the USD has been stable while the Fed has put trillions of dollars into circulation. I don't see a dollar crash (though a move to 74 to 76 wouldn't shock me) while the US is in the middle of ending QE.