You Won’t Believe What Russia Just Said About the US Dollar at BRICS! 😱💸

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Global faith in the U.S. dollar is flaking away like yesterday’s croissant 🥐, with soaring debt, sanction drama, and good old-fashioned trust issues rattling the entire financial world, according to a Very Important Russian Chap at BRICS.

US Dollar: Is It Having a Midlife Crisis? (BRICS Thinks So!)

It’s all getting rather awkward for the almighty dollar, which—like a party guest who just spilled red wine on the host’s cream rug—appears to be losing its “safe and stable” vibes. Russian Foreign Minister Sergey Lavrov (waving his best ‘I told you so’ finger) insisted at the BRICS summit in Rio that the U.S. might want to notice fewer people are fangirling over the dollar these days. As Lavrov gleefully pointed out, even Donald Trump had beef with Joe Biden for, allegedly, torching the dollar’s reputation before even moving his boxes into the White House. Lavrov, never one to let drama pass un-commented, quipped:

Indeed, that’s exactly what’s happened — trust in it has fallen. (Somebody call a therapist… for the dollar’s self-esteem!)

Apparently, the dollar has been moonlighting as a “punishment stick” in global finance, or so says Lavrov, who accused the U.S. of weaponizing its currency and the rules of world money. Nothing says awkward family reunion like “illegitimate unilateral sanctions.” According to his speech at the BRICS outreach session, the global financial system has about as much chill as a group chat with too many admins and not enough boundaries.

Lavrov also thinks the “good old days” of U.S.-led globalization are as over as last year’s Instagram filters. He said, with just a whiff of glee (or maybe vodka): “President Trump doesn’t even pretend! It’s America First, and global interdependence is apparently so passé.” (Guess someone didn’t get the group memo about ‘collaboration.’)

All of this happened at the BRICS gabfest in Rio, which extended a “Regrets, Can’t Make It” from both Putin (remote appearances: so 2020) and, shockingly, Xi Jinping, who apparently had a “scheduling conflict.” Suspiciously, China sent Premier Li Qiang instead. Some whisper worry about BRICS getting too big or maybe just a bout of summit-avoidance syndrome. (We’ve all been there.)

Back in the fiscal kitchen, Lavrov served up some shade about U.S. finances:

The situation is going out of control even in developed states — the U.S. has racked up a record $37 trillion in debt and counting. If debt were calories, America would be skipping dessert for a decade.

Lavrov argues this Everest-sized IOU makes the dollar wobble. Meanwhile, Western economists in sensible shoes are still betting on the greenback’s “deep liquidity and sturdy institutions” (basically, “we’ve been around since forever, so what else are you going to use?”). The jury is out, but the gossip is on. 👀💬

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2025-07-08 05:57