BRICS: Expert Says Failing Dollar Will Lead to Fall of US Empire
As the BRICS group pushes its de-dollarization agenda, one expert has painted a grim picture for the future of the US. Geopolitical Economy Report founder Ben Norton described the US dollar as „the strongest weapon the United States has.“ Ever since the Bretton Woods agreement, the greenback has been a cornerstone of American influence. But here’s the kicker – BRICS is pretty hell-bent on shaking things up. According to Norton, this could be the start of a major change, as the bloc’s initiatives might erode the dollar’s dominance. The numbers tell a story too: the Atlantic Council’s Dollar Dominance Meter indicates the USD’s share of global reserves has dropped 14% since 2002, when BRICS just started up laut Informationen von watcher.guru.
The US dollar isn’t just important; it’s kinda everything for the country’s clout. Norton emphasized that the currency’s reserve status grants the US an „exorbitant privilege,“ allowing it to dodge some economic woes by simply printing more money. Yet, many experts are ringing alarm bells about the escalating US debt, now topping $35 trillion. As the 2024 elections loom, neither candidate seems ready to tackle this mounting debt head-on. Meanwhile, BRICS keeps growing its influence, and some folks worry this could lead to a massive shift in global economics. So yes, the greenback’s troubles could spell big-time trouble for the US. For more on this unfolding story, see den Artikel von watcher.guru.