BRICS-EU Alliance: A Potential Threat to US Cryptocurrency Dominance

• BRICS Alliance with European Union Likely to Challenge Western Dominance
• BRICS Growth and Impact on Western Dominance
• Analyst's Take on BRICS-EU Partnership
• Jacie Shandu's Analysis of Western Dominance
• The Future Growth of BRICS

BRICS Alliance with European Union Likely to Challenge Western Dominance

As discussions proceed for a BRICS alliance with the European Union (EU), it has been suggested by an analyst that this collaboration could potentially pose a significant threat to the US and Western dominance. South African representative Tokozile Xasa has recently proposed an enhancement of cooperation between BRICS and the EU. Analyst Jackie Shandu, in response to this proposal, has highlighted the potential repercussions it could have on the West, particularly threatening the West's ability to maintain exploitative relationships with developing countries across the globe. This underlines the notion that the West has historically leveraged weaker nations for its own advancement, a trend that could be disrupted by increased BRICS collaboration.

BRICS Growth and Impact on Western Dominance

The year 2023 has been marked by significant growth within the BRICS economic alliance. With a six-country expansion at its recent annual summit and globally recognized advancements in de-dollarization efforts, the bloc has risen in prominence. The proposed partnership with the EU could further challenge the global dominance of the West.

Analyst's Take on BRICS-EU Partnership

An analyst has alluded to a potential direct threat to the West through the proposed BRICS-EU partnership. This proposed collaboration, aiming to increase global involvement from the bloc, arrives as BRICS has extended a proposal to enhance cooperation between these two significant international entities.

Jacie Shandu's Analysis of Western Dominance

Jacie Shandu views the Western dominance as largely reliant on the exploitation of developing countries. A shift in global partnerships facilitated by the BRICS-EU alliance could severely disrupt this. However, this development further emphasizes the rapid rise of the BRICS alliance.

The Future Growth of BRICS

It is widely accepted that such partnerships will form a crucial part of the bloc's continued growth. Many foresee the year 2024 as one characterized by this expansion. The multipolar objectives of the alliance are already challenging the traditional status quo of the global power balance in numerous ways.

Edited by Jonathan Stoker