{"id":2175777,"date":"2024-02-14T01:02:02","date_gmt":"2024-02-14T06:02:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fedex-founder-chairman-issues-dire-warning-about-what-bric-nations-are-plotting\/"},"modified":"2024-02-14T01:02:29","modified_gmt":"2024-02-14T06:02:29","slug":"fedex-founder-chairman-issues-dire-warning-about-what-bric-nations-are-plotting","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fedex-founder-chairman-issues-dire-warning-about-what-bric-nations-are-plotting\/","title":{"rendered":"FedEx Founder Warns of BRIC Nations&#8217; Plotting"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffedex-founder-chairman-issues-dire-warning-about-what-bric-nations-are-plotting%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2175777&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>FedEx Founder Warns BRIC Nations Aim to Dethrone \u200cUS Dollar, Threatening American Standard of Living<\/h2>\n<p>In a recent interview, <a href=\"https:\/\/www.dailywire.com\/topic\/fedex\" target=\"_blank\" rel=\"noopener\">FedEx<\/a> \u200cFounder and Executive Chairman Fred Smith issued a stark\u2062 warning about the \u2063intentions of the BRIC nations \u2014 Brazil,\u2064 Russia, India, and China. According \u2063to Smith, these countries are actively\u2063 working\u2064 to overthrow the US dollar as the world&#8217;s reserve currency. If successful, this could have dire consequences for the standard of\u200d living that Americans have grown accustomed \u2064to.<\/p>\n<p>Smith&#8217;s warning\u2064 came in the midst of a discussion about the latest inflation report, which revealed that inflation has exceeded projections \u200cand prices have risen by 17.9% overall since President Biden took office.<\/p>\n<p>During the interview, Smith emphasized the broader implications beyond the Consumer Price Index (CPI)\u200c announcement. He highlighted three key factors that have contributed to America&#8217;s wealth and prosperity: technological innovations since World War II, leading in trade market openings protected by the American Military and alliances, and the US dollar&#8217;s status as the world&#8217;s reserve currency.<\/p>\n<p>However, Smith \u2064expressed concern over recent developments that have undermined these pillars of American prosperity. \u200bHe pointed to \u200dthe trade wars initiated in 2018 between President Xi and President Trump, as well as the significant increase in government borrowing, reaching nearly $2 trillion last \u200byear. The Congressional Budget Office (CBO) also\u200d revealed that \u200bthe US will spend more on interest\u2062 payments this year than on the \u2063Defense Department. Smith\u200c found \u200bit alarming that these critical issues\u200c are not being adequately addressed in current political discourse.<\/p>\n<p>Smith recently delivered a \u2064speech urging political leaders to recognize the unprecedented dangers facing the US and emphasized the need for a \u200cgrand compromise to address these \u200dchallenges. However, when asked if he saw leaders stepping up to address the crisis,\u2063 Smith responded negatively, stating that the political process is currently dominated by extreme positions\u200b from both parties.<\/p>\n<p>Smith stressed \u2063the importance of trade, which has \u200dbeen instrumental \u2062in America&#8217;s greatness since the 1930s. He highlighted the role\u200c of trade in restoring prosperity to former enemies Germany and Japan through the American Alliance system. Additionally, he emphasized that the US&#8217;s ability to print money at will is contingent on the dollar remaining\u200d the world&#8217;s reserve currency. However, the BRICS alliance, consisting of Brazil, Russia, India, and China, is actively working to dethrone the dollar. Smith \u2062warned that if they \u200bsucceed and the US is unable to sell its bonds, the current living standards enjoyed by Americans will become a thing of the \u2062past.<\/p>\n<p>Watch the interview below:<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">WATCH: FedEx founder \u2064Fred Smith to <a href=\"https:\/\/twitter.com\/BretBaier?ref_src=twsrc%5Etfw\">@BretBaier<\/a>: &#8220;The so-called \u200bBRICs alliance\u2014Brazil, Russia, India &#038;\u200b China\u2014have set out on a deliberate course to dethrone the dollar. \u200bIf that happens and we can&#8217;t sell\u2063 our bonds, I can \u2064assure you the living standards that we all enjoy today are&#8230; <a href=\"https:\/\/t.co\/fclTIKHw3A\">pic.twitter.com\/fclTIKHw3A<\/a><\/p>\n<p>\u2014 Steve \u2064Guest (@SteveGuest) <a href=\"https:\/\/twitter.com\/SteveGuest\/status\/1757610173533724802?ref_src=twsrc%5Etfw\">February 14, 2024<\/a><\/p>\n<\/blockquote>\n<p><b><a href=\"https:\/\/onelink.to\/dwapp\" target=\"_blank\" rel=\"noopener noreferrer\" aria-describedby=\"sk-tooltip-9096\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/onelink.to\/dwapp&#038;source=gmail&#038;ust=1700760801843000&#038;usg=AOvVaw2PQrVSrJfhxNb4LcARqniG\">CLICK HERE TO GET THE DAILYWIRE+ APP<\/a><\/b><\/p>\n<p> <\/p>\n<h2> How would the creation of alternative financial systems and\u2064 currencies by the BRIC nations impact the global economy and threaten America&#8217;s economic stability?<\/h2>\n<p><span>  Angers that America faces if the \u200bUS dollar loses its status as the world&#8217;s reserve currency. He stressed \u200bthat this is not \u200can issue that\u200d can be ignored or taken \u200blightly, as it \u2062has profound implications for the American\u200c standard\u200d of living.<\/p>\n<p>The BRIC nations, specifically\u200c Brazil,\u200c Russia, India, and China, have been making \u200bconcerted efforts to challenge the dominance of the US dollar. Smith noted that these countries \u200dare\u2063 actively\u2064 working towards \u200bcreating alternative financial systems\u200d and currencies that would reduce their reliance on the US \u200ddollar.\u200d Should \u2063they succeed, it would not only disrupt the global economy\u2063 but \u200dalso threaten America&#8217;s economic stability.<\/p>\n<p>Smith highlighted \u200cthe importance of the US dollar&#8217;s current \u200dstatus as the world&#8217;s reserve currency. \u200bThis status provides \u200dthe US with tremendous \u2063advantages, including the ability to borrow at \u2062low-interest \u200drates and maintain its economic influence\u2063 globally. Losing this status would \u200cstrip America of these advantages\u200d and potentially lead to devastating consequences.<\/p>\n<p>The threat \u200dto the US dollar&#8217;s dominance is exacerbated by the rising inflation in the country. Since President Biden took office,\u2062 inflation has \u200cexceeded projections, and \u200bprices have risen significantly. Smith warned \u200dthat if these inflationary pressures continue unabated, it would further weaken\u200d the US dollar&#8217;s position and make it vulnerable to \u2062challenges from\u2062 the BRIC nations.<\/p>\n<p>Furthermore, Smith \u2064criticized the lack \u200bof attention\u200b these \u200dissues have received in the current political discourse.\u2062 He expressed \u200dhis concern over\u200b the trade wars initiated by former President\u200d Trump and the significant increase in government borrowing, \u200cwhich has reached nearly $2 trillion. These issues, he believes, are critical to America&#8217;s economic\u2064 stability and should be \u2063addressed urgently.<\/p>\n<p>Smith&#8217;s warning should \u200dserve as a wake-up call for both political leaders\u200b and the American public. The potential consequences of losing the US\u200d dollar&#8217;s \u200bdominance are \u200bsevere,\u200b and action needs\u2062 to be \u2064taken to protect \u2063America&#8217;s economic interests. It \u200cis crucial that policymakers recognize\u200c the seriousness of this\u2062 threat and work towards strengthening the \u200bUS dollar&#8217;s position in the\u200d global\u2063 economy.<\/p>\n<p>The\u200b future of the American standard of living depends on the ability to mitigate these risks and preserve the advantages that\u200b the US dollar brings. It is \u200dnot \u200ca \u2064scenario that can be ignored or \u200cunderestimated. The BRIC nations have \u2063made \u2063their \u2064intentions \u200bclear, and it is up to America\u200d to respond \u200deffectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fred Smith, FedEx Founder and Executive Chairman, cautioned that the BRIC nations (Brazil, Russia, India, and China) aim to replace the U.S. dollar as the global reserve currency. He warned that if successful, Americans would lose their accustomed standard of living<\/p>\n","protected":false},"author":134,"featured_media":2175778,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/02\/FedEx-scaled.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2175777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/02\/FedEx-scaled.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2175777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/134"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2175777"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2175777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2175778"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2175777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2175777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2175777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}