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US Senator Issues BRICS Warning, Says Economic Alliance May Damage America’s Ability to Weaponize Dollar

source-logo  dailyhodl.com 20 January 2024 22:27, UTC

Florida Senator Marco Rubio just issued a warning about the growing global economic alliance known as BRICS.

In a new article on RealClearWorld, the Republican senator says the recent expansion of BRICS poses a threat to the SWIFT payment system and America’s ability to weaponize the dollar to sanction people and nations.

“As of New Year’s Day, Saudi Arabia, the United Arab Emirates, Ethiopia, Egypt, and Iran – the greatest danger to U.S. personnel in the Middle East and the greatest sponsor of international terrorism – have swelled BRICS’s ranks.

This doubles the trade group’s size, enhancing its attractiveness as an alternative to the American and European-led financial system. If current trends continue, it will become harder and harder for the United States to prevent international violence and oppression through sanctions.”

Rubio accuses China of leveraging BRICS to sustain Russia’s military campaign in Ukraine.

“Now effectively controlled by Beijing, BRICS’s members pool foreign currency reserves and lend billions in easy money to pit developing nations against the United States and other Western countries.

These measures are allowing China to bankroll Russia’s campaign of death and destruction in Ukraine, despite punishing sanctions on Moscow.”

Last year, BRICS approved the admission of Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates in a move to challenge the US-led world order.

Argentina pulled out of its plans to join BRICS at the 11th hour after President Javier Milei took office last month, leaving the economically aligned nations with five new members.

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