BRICS, De-Dollarization, and the ‘Grossly Overvalued’ US Dollar—A Crisis in the Making

For the last two years, BRICS nations have waged an economic war against the dollar, pushing local currencies to counter the West’s financial hegemony. Yet, despite their efforts, the greenback remains dominant—at least for now. But beneath this façade of strength, a growing chorus of experts is warning that the dollar is running on borrowed time. Stephen Jen, a seasoned economist at Eurizon SLJ, recently delivered a sobering assessment: The US dollar is “grossly overvalued,” artificially propped up by reckless fiscal policies and blind faith in Washington’s ability to manage its debt. His reasoning? The dollar’s purchasing power has become completely detached from economic reality. Case in point: Mississippi, the poorest state in America, boasts a per capita income higher…