Analyst sees loss of US power

Source: Berliner Zeitung | Original Published At: 2026-01-30 17:11:23 UTC

Key Points

• A former CIA analyst argues the US can no longer control global financial systems, citing BRICS' development of Brics Pay as evidence.
• Brics Pay aims to create a payment infrastructure using national currencies and digital central bank currencies (CBDCs) to bypass the US dollar.
• SWIFT sanctions against Russia accelerated the development of alternative financial systems, with BRICS members like China and India advancing their own solutions.
• Trump has warned against BRICS' attempts to undermine the dollar's global dominance, threatening tariffs if a new BRICS currency emerges.
• The analyst suggests US efforts to defend the dollar through sanctions may paradoxically accelerate the adoption of alternatives like Brics Pay.