The latest report from the US Treasury Department showed that three members of the economic bloc of Brazil, Russia, India, China and South Africa (BRICS) offloaded billions of dollars of US Treasuries in one month.
according to Data Through the International Treasury Capital System, Brazil, China and India collectively sold $51.2 billion worth of US Treasuries in March. China offloaded the largest amount in March, offloading $41 billion, followed by India, which sold $7.6 billion worth of US Treasury bonds. Brazil eliminated US government debt amounting to $2.6 billion during the same period.
Since March 2025, the three BRICS countries have offloaded more than $200 billion in US Treasuries. China got rid of US government debt worth $113.1 billion, while India and Brazil got rid of $56.9 billion and $40.4 billion, respectively, during that period.
The TIC report comes amid a warning from former US Representative Ron Paul, who… He says Various factors now pose a threat to the global reserve position of the US dollar.
According to Paul, the Federal Reserve may be forced to ease monetary policy by political forces and this could lead to a further decline in the value of the dollar. Paul also says that unrest related to the Iran war could lead to a global debt crisis with governments around the world defaulting.
“The disruptions could also lead to new challenges to the dollar’s status as the global reserve currency – the petrodollar system that links the dollar to oil.”
Paul says that if the dollar loses its status as a global reserve, the United States could see hyperinflation.
“The end of the petrodollar and the dollar’s status as the world’s reserve currency will likely lead to significant inflation as the Fed desperately pumps money into the economy to monetize ever-increasing levels of federal debt.”
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