FedEx Founder and Executive Chairman Fred Smith warned during an interview that the BRIC nations — which primarily consist of Brazil, Russia, India, and China — have set out to dethrone the U.S. dollar as the world’s reserve currency, and if that happens, the standard of living that Americans are accustomed to will be gone forever.
Smith made the warning during an interview with Bret Baier while talking about today’s inflation report showing that inflation was worse than projected and that prices are up overall 17.9% since Biden took office.
“I think the issue is much broader than just the CPI that was announced today,” he said. “I mean, we’re the wealthiest nation in the world because of all these wonderful inventions since the end of World War II. But we’re also prosperous because we lead the world in opening markets for trade and protected those trade flows with…
