The text highlights how the BRICS plan to move away from dependence on the US dollar will have a significant impact on the United States. Analysts predict that this shift will directly affect three vital sectors of the American economy: banking and finance, technology, and trade.
- Impact on the banking and financial sector: The decrease in demand for US dollars in international transactions, as desired by the BRICS, could cause a slowdown in the currency markets. Financial institutions that rely heavily on currency trading activities could be adversely affected, potentially leading to hyperinflation in the United States.
- Difficulties in the technology sector: Abandoning the dollar could generate inflation and compromise the competitiveness of American businesses, which would face higher costs to maintain their activities.
- Price increase in the retail sector: The depreciation of the US currency could cause a significant increase in the prices of everyday consumer goods in the United States, further exacerbating the situation.
The text also highlights the threat of a debt crisis to the US economy, with concerns that high indebtedness could undermine the US’s ability to fight inflation, leading to a potential collapse of the dollar as a reserve currency world.
In conclusion, the article highlights that BRICS plans to reduce the use of the US dollar and the possible debt crisis represent significant challenges for the American economy. It is clear that the interconnection between politics, economics and geopolitics makes it crucial for the United States to take preventive measures to protect its financial stability and the role of the dollar in the global landscape.
