BRICS is looking to overpower the US and Europe by putting local currencies ahead of the dollar for trade. The alliance kick-started the de-dollarization initiative convincing developing countries to end reliance on the US dollar. The global financial order remains on a slippery slope this year with weak macroeconomic factors affecting the sector. On the heels of the BRICS de-dollarization threat, the US is facing calls for a recession which could also affect Europe. If a recession hits both the US and Europe, BRICS and other developing countries could benefit the most.