USD is based on the extraordinary privilege of global hegemony. That privilege has an expiry date coming up soon.
Meanwhile other countries are starting to trade with their own currencies, which are based off the production within their own borders. They’re dedollarizing and they’re creating new international norms based on the principle of respectful cooperation and mutual benefit.
It’s very clear which model is more stable and sustainable.
A continuation of what has been happening for decades. Other people are just trying to get a piece of their pie. It is nothing new.
The problem with BRICS is more than half those involved aren’t stable. They’re politically or financially corrupt or worse depend on the West to even function in the first place. Doomed to fail mostly because of the involvement of selfish actors: Russia, SA, India.
BRICS has more beef with each other than the West half the time. How are India and China going to work together economically when they can’t even settle land disputes? How will BRICS continue when fossil fuels are worthless and half of them are financially empty now? It’s just not realistic.
USD is based on the extraordinary privilege of global hegemony. That privilege has an expiry date coming up soon.
Meanwhile other countries are starting to trade with their own currencies, which are based off the production within their own borders. They’re dedollarizing and they’re creating new international norms based on the principle of respectful cooperation and mutual benefit.
It’s very clear which model is more stable and sustainable.
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If you think that’s what BRICS is you’re clueless
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A continuation of what has been happening for decades. Other people are just trying to get a piece of their pie. It is nothing new.
The problem with BRICS is more than half those involved aren’t stable. They’re politically or financially corrupt or worse depend on the West to even function in the first place. Doomed to fail mostly because of the involvement of selfish actors: Russia, SA, India.
BRICS has more beef with each other than the West half the time. How are India and China going to work together economically when they can’t even settle land disputes? How will BRICS continue when fossil fuels are worthless and half of them are financially empty now? It’s just not realistic.
deleted by creator