Domino Effect: How Lehman's Failure marked the beginning of the End for the Dollar

... Congressional Hearing examining the failure of Lehman Brothers. (Source: Wall Street Journal) The reverberations from the failure of Lehman Brothers were felt all over the world, including the BRICS emerging markets economies. These governments felt that their ... ... makes it vulnerable if there is another global economic downturn. Russia has been expressing its dissatisfaction with the US dollar and the US dominated global financial system, and it’s easy to see why. Its economy, like India’s and China’s ...