#5. SS: Saudi Arabia and Algeria have both recently expressed interest in joining the organization known as BRICS. In your opinion, what is their potential benefit from joining, and what is the US response?
KA: The BRICS countries consist of 42 per cent of the global population, around 27 per cent of the words growth products and economists predicting that the BRICS might be the leading economy by 2050. This represents a huge economic and investment opportunities for the developing countries.
In my opinion, what the BRICS lack right now is a common currency which can be the last nail in the coffin of the American hegemony. Due to its status as a global reserve currency, the Dollar is the one of the most important guns in the hands of the United States which uses it for economic monopoly, bullying and targeting other countries via unilateral sanctions.
But, once the Dollar loses its status as a global reserve currency, no country will be afraid of the United States because the latter will not be able to harm the economies of its rivals and foes via sanctions, such as the cases of Syria, Iran, Russia, Venezuela, Cuba, and a long list of nations.
Let us remember what happened to Libya when Gaddafi proposed a plan to present a unified golden currency for the African continent and what happened to Gaddafi? NATO mercenaries murdered him.
Consequently, the rise of the BRICS and the candidacy of new countries to the economic block can be seen as a serious challenge to the U.S. hegemony in the decision making corridors in Washington.
Steven Sahiounie is a two-time award-winning journalist
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