The three members of the economic bloc Brazil, Russia, India, China and South Africa (BRICS) lost billions of dollars in the US treasury in one month, the latest report of the US Treasury Department shows.
According to data From the Treasury International Capital (TIC) System, Brazil, China and India together lost US assets of $51.2 billion in March. China lost the most money in March, dropping $41 billion, followed by India, which sold $7.6 billion in assets. Brazil lost $2.6 billion in US government debt at the same time.
As of March 2025, the three BRICS countries have undercut the US economy by more than $200 billion. China shed $113.1 billion in US government debt while India and Brazil shed $56.9 billion and $40.4 billion in that period.
The TIC report comes amid a warning from a former member of the House of Representatives in the US, Ron Paul, who he says that various factors are threatening the US dollar economy around the world.
According to Paul, the Federal Reserve may be pressured to reduce monetary policy by political parties and this may lead to a drop in the value of the dollar. Paul also says that the tensions related to the Iran war could lead to a global debt crisis if governments around the world fail.
“This turmoil could also lead to new challenges in terms of maintaining the global dollar – the petrodollar system that links the dollar to oil.”
If the dollar loses its global reserves, Paul says, the US could face hyperinflation.
“The end of the petrodollar and the world’s dollar reserves could lead to a sharp rise as the Fed provides more support to the economy to create more and more debt.”
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