US Fiscal Policies Pose Greater Threat to Dollar Dominance Than BRICS Expansion
The real challenge to US dollar hegemony emerges not from external forces like the BRICS bloc, but from America's own fiscal mismanagement. With the national debt surpassing $36 trillion and annual interest payments exceeding $1 trillion, the foundations of dollar credibility are eroding from within.
Nobel laureate Joseph Stiglitz and economist Jeffrey Sachs have highlighted how unchecked military spending and the weaponization of financial sanctions accelerate global de-dollarization trends. This internal decay of fiscal discipline creates more substantial headwinds for dollar supremacy than any BRICS initiative.