In a recent interview, FedEx Founder and Executive Chairman Fred Smith delivered a stark warning about the intentions of the BRIC nations—Brazil, Russia, India, and China—to topple the U.S. dollar as the world’s reserve currency. Smith emphasized that if this plot succeeds, it could spell the end of the comfortable standard of living Americans are accustomed to.
During an interview with Bret Baier, Smith raised concerns about the inflation report, indicating that inflation has surpassed projections, with prices surging by 17.9% overall since President Joe Biden assumed office.
When asked about leadership response to the crisis, Smith expressed disappointment, stating, “No, quite the contrary.” He criticized the political focus on extreme positions within both parties, highlighting the lack of support for trade—an essential element that, according to Smith, played a crucial role in making America great.
Smith drew historical parallels, referencing the trading policies implemented since the 1930s, which contributed to America’s prosperity and the restoration of former enemies like Germany and Japan through the American Alliance system. He underscored the importance of the U.S. dollar remaining the world’s reserve currency for maintaining the country’s financial capabilities.
The FedEx founder then turned attention to the BRICS alliance, suggesting that Brazil, Russia, India, and China are deliberately working to dethrone the U.S. dollar. According to Smith, if successful, this move could jeopardize America’s ability to sell its bonds, leading to a significant decline in living standards.
WATCH: FedEx founder Fred Smith to @BretBaier: “The so-called BRICs alliance—Brazil, Russia, India & China—have set out on a deliberate course to dethrone the dollar. If that happens and we can't sell our bonds, I can assure you the living standards that we all enjoy today are… pic.twitter.com/fclTIKHw3A
— Steve Guest (@SteveGuest) February 14, 2024
via joemiller
