What's the US deep state and how could BRICS stop it?
The US deep state is "essentially a philosophy where a few profit at the expense of the majority, expressed in various ways," Lillie Ferriol Prat, a project/research assistant at the BRICS Research Institute of the Durban University of Technology, South Africa, who is conducting research on this mysterious entity, tells Sputnik.
She traces its origins back to the establishment of the US Federal Reserve System, which was authorized to print money, while its co-founders, American and European financial dynasties, laid the groundwork for future liberal globalism.
"In modern times, one of the key foundational components has been the establishment of the Fed and the resulting debt-driven monetary mechanics, which paved the way for dollar dominance and aggressive globalization—an ideal scenario for a few selected individuals," Ferriol Prat explains.
Given that the dollar's dominance ensures the enrichment of the US elite, it seems one of the deep state's roles has long been to preserve this hegemony.
However, the weaponization of the dollar is prompting some global players to seek alternatives to the greenback and the Western-centric clearing system controlled by the US. The BRICS bloc is championing the idea of an independent financial and settlement payment system.
"The paradigm shift led by BRICS (and now BRICS+) towards an inclusive and just multilateral system must be supported by alternative financial institutions and settlement instruments to structurally prevent a top-down approach and instead promote a structure where each country can decide what is most convenient for its people," says Ferriol Prat.
Apparently, the US deep state now faces a painful dilemma whether to ramp up its destructive policies, adapt to new conditions, or become a relic of the past.