They’ve known they’ve been getting pillaged for decades though. That’s why France originally started returning their dollars and repatriating their gold back in the 60s… which in part led to the Nixon Shock.

So decades they’ve known how the system operates, and yet, despite their strong commodity positioning, they’re still operating with the treasury security being their dominant FX reserve.

My question to you is why?

When you properly answer that question, it will help you understand why it’s unlikely that this “BRICS+” flavor of the month stuff is unlikely to materialize into anything substantial.

Bitcoin will find it’s way into central bank reserves. As will an ever increasing amount of gold. But other sovereign debt will not disrupt the dollar.