https://en.wikipedia.org/wiki/Foreign-exchange_reserves_of_China
What do you think would happen to our dollar if China no longer needs 3.15 trillion of them?
What do you think would happen to the value of the USD? Do you think it would be worth more or less than the Mexican Peso?
What do you think that does to our influence on the global stage?
If BRICS were to actually go through with that, do you think others might want a stake in that too even if just partially, like Saudi Arabia?
Without the reserve currency/petro dollar the US would no longer be able to export inflation.
Tick Tock.
How does China get rid of all those dollars?
Do you think it would be worth more or less than the Mexican Peso?
Far more.
What do you think that does to our influence on the global stage?
Our influence on the global stage has been diminishing for the past six years or so.
If BRICS were to actually go through with that, do you think others might want a stake in that too even if just partially, like Saudi Arabia?
Hard to say. All nations diversify their foreign currency holdings. They hold a basket of dollars, Euros, Pounds, etc.