US Demonstrates That a Declining Superpower Is Dangerous, Warns BRICS Economist

Source: La Vanguardia | Original Published At: 2026-01-05 05:00:00 UTC

Key Points

• BRICS economist warns of imminent global financial crisis due to unsustainable US/EU fiscal policies and aging populations
• Calls for urgent development of BRICS-led alternative reserve currency and payment systems to replace dollar-dominated frameworks
• Highlights geopolitical weaponization of the dollar by Western powers as key motivation for BRICS financial independence
• Notes China's challenges in managing capital flows if renminbi becomes crisis-era safe haven
• Criticizes BRICS' slow progress in establishing financial alternatives despite Western aggression