BRICS' strategic move to introduce a decentralized financial system aimed at reducing the dominance of the US Dollar has drawn attention from Robert Kiyosaki, author of Rich Dad Poor Dad. Kiyosaki warns that relying on gold-backed cryptocurrencies for cross-border transactions instead of the Dollar and Euro could lead to hyperinflation, potentially causing a collapse of the US Dollar as trillions in fiat currency flow back to America.

The International Monetary Fund (IMF) reports a decline in the Dollar's dominance in cross-border transactions, from 80% in 2010 to 50% in 2023, with China's Renminbi gaining ground. Experts predict a further decline in Dollar dominance with the introduction of BRICS gold-backed cryptocurrency.

To hedge against the risk of hyperinflation, Kiyosaki advises investing in tangible assets like gold, silver, and Bitcoin. Meanwhile, IMF's Gita Gopinath acknowledges BRICS' impact on global economic dynamics, with countries reassessing their trading partners and investment flows based on geopolitical considerations.

Despite these shifts, the US Dollar remains the primary currency for global trade, but its dominance could diminish as BRICS nations explore settling trades in local currencies, potentially leading to the creation of an independent payment system. Russia's Kremlin aide, Yury Ushakov, highlights the importance of such a system, emphasizing its convenience, accessibility, and cost-effectiveness.