BRICS Challenge: Marjorie Taylor Greene Raises Alarm Bells for US Dollar's Fate

Marjorie Taylor Greene, a prominent Republican Party member representing Georgia in the House of Representatives, has raised concerns over the strengthening alliance of the BRICS nations

by Faruk Imamovic
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BRICS Challenge: Marjorie Taylor Greene Raises Alarm Bells for US Dollar's Fate
© Getty Images News/Lintao Zhang

Marjorie Taylor Greene, a prominent Republican Party member representing Georgia in the House of Representatives, has raised concerns over the strengthening alliance of the BRICS nations. Speaking to her constituents in Georgia, she voiced her worries about the potential economic consequences for the United States.

"Powerful countries are organizing together because they are tired of the United States. It’s called BRICS - Brazil, Russia, India, China, South Africa - and many other countries are joining them," she remarked. Greene further elaborated on the nature of their collaboration, highlighting how they are forging "serious trade agreements" among themselves.

Ignoring the US sanctions, these nations are keen on trading using their own currencies, sidelining the US dollar.

US Dollar's Dominance at Stake?

Taylor Greene's primary concern revolves around the growing influence of these nations, which, in her opinion, could weaken the US dollar’s global dominance. "We’re going to go broke," she cautioned, emphasizing that Washington should not overlook the growing power of this international organization.

In a passionate plea, she asked, "What is going to happen to our children, when the US dollar means nothing anymore, because Russia, and China, and India with its huge population of billions of people have more buying power in their own currencies than we do?" For the uninitiated, BRICS is an informal international consortium, uniting five major emerging economies: Brazil, Russia, India, China, and South Africa.

The BRICS name originates from the initials of these countries. While some economic analysts share Taylor Greene's apprehensions, others believe that the global economy is too interconnected for one currency to be entirely sidelined.

Nonetheless, as BRICS nations grow in prominence, the world will undoubtedly keep a close eye on their economic maneuvers and the potential implications for the global financial landscape.

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