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Economy => Economics => Topic started by: pooya87 on July 08, 2025, 05:24:44 PM



Title: 11 more countries just joined BRICS this week
Post by: pooya87 on July 08, 2025, 05:24:44 PM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)


Title: Re: 11 more countries just joined BRICS this week
Post by: avikz on July 08, 2025, 05:48:19 PM
And this has made Trump very angry. As usual he has threatened the BRICS countries with additional tariff just for joining BRICS. Trump's attitude reminds me of the toxic bosses we have in our office. Where team members do not fight with him in the office because he got power, but if any day he is found alone in the road, will be trashed straight away.

Having a power balance is very much needed in today's world. Especially when UN is nothing but a puppet of US, the world needs more such associations.


Title: Re: 11 more countries just joined BRICS this week
Post by: _act_ on July 08, 2025, 06:37:01 PM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.
This is an old news.

According to the mandate agreed upon through the Johannesburg Declaration, the leaders approved the creation of the BRICS partner country category during the Kazan Summit in 2024. The BRICS partner countries are: Belarus, Bolivia, Cuba, Kazakhstan,  Malaysia, Nigeria, Thailand, Uganda, and Uzbekistan.

Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan has been BRICS partner countries before this last summit. That was the time BRICS also welcomed Indonesia.

The BRICS is currently composed of eleven countries: its five original members – Brazil, China, India, Russia, and South Africa  -, and six new members admitted in 2024-25 - Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the United Arab Emirates. The group was originally composed of Brasil, Russia, India, and China in 2006; South Africa adhered in 2011; the new expansion, effective as of 2024, derived from the Johannesburg Declaration, from August 2023.


Title: Re: 11 more countries just joined BRICS this week
Post by: retreat on July 08, 2025, 07:54:53 PM
With Indonesia joining as a full member of BRICS and the addition of 10 partner countries, this is a reminder that BRICS is an organization that truly stands against the dominance of the western bloc, not just an organization of developing countries, but as a force that has a global position. Even at the last summit, the Brazilian president said that BRICS is the embodiment of the Bandung non-aligned movement, it clearly explains that now BRICS has stood as an organization to fight for a multipolar global order.



Title: Re: 11 more countries just joined BRICS this week
Post by: Davidvictorson on July 08, 2025, 08:24:51 PM
Finally. I have been asking about the BRICS. Where they are in all of these happenings particularly economic happenings all over the world. Happy to know they held a meeting but to me it still means nothing until I see them do something. Most of these countries that are members are still dependent on the US dollar, they still have some trade restrictions between member nations. Let them show us some actions.


Title: Re: 11 more countries just joined BRICS this week
Post by: STT on July 08, 2025, 09:59:29 PM
The idea is interesting and I dont doubt many countries wish for an alternative to exist to Dollar and US centred trade in the world but its very hard to actually establish anything.  I believe there is also an asia based alternative to the IMF and who have their own backup currency should dollar fail but its still mostly the case IMF or dollar remains the majority of worth.
   The desire to leave the dollar behind is because inflation is exported to all external users of the currency, far worse then the largest trading patterns but more remote trade suffers a weakened much diluted dollar standard that is not the value it should be having suffered over issuance of currency first before trade and use around the world.


Title: Re: 11 more countries just joined BRICS this week
Post by: Alpha Marine on July 08, 2025, 10:21:30 PM
And this has made Trump very angry. As usual he has threatened the BRICS countries with additional tariff just for joining BRICS. Trump's attitude reminds me of the toxic bosses we have in our office. Where team members do not fight with him in the office because he got power, but if any day he is found alone in the road, will be trashed straight away.

Funny enough, his tariffs were one major reason why these countries finally joined BRICS. Most of them just want to watch and see what happens, but this seemed like a final blow. These countries just want to do business without so many complications, but the US make things more complicated.
The tariffs may not affect the big countries that much, but for developing countries, it will do more damage because they can't afford the extra cost, and their countries can make counter tariffs on the US, like China and Canada, because they will feel it more.
I don't fully buy into the gospel of BRICS, but I can understand why these countries would join them.


Title: Re: 11 more countries just joined BRICS this week
Post by: passwordnow on July 08, 2025, 10:29:08 PM
Trump: More tariffs to you people!
Xi: Hold my beer.

If this alliance will lessen the inflation that's happening due to the allegiance to BRICS. I hope to see that we'll have less to no war, less dramas in all continents of these members because that's the reason why things are becoming expensive. More cheap products from China to be supplied to these partners. And it's a slap to Trump's face that these countries will use RMB instead of USD.


Title: Re: 11 more countries just joined BRICS this week
Post by: Fiatless on July 08, 2025, 11:03:51 PM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)
I am pleased that the government of my country has become a partner this year. We have been aligning with the Western bloc for a long time, yet things are getting worse. The US and partners see my country only as a source of cheap raw materials.

Our biggest problem now is terrorism, and a US Congressman, Scott Perry, during a hearing in Congress, stated that US financial aid to Nigeria was indirectly used to finance terrorists, including Boko Haram, ISIS, and Al-Qaeda. It is obvious that our country has been destabilized to enable these foreign countries to acquire cheap raw materials. The world needs another global alliance and BRICS might be the alternative.

https://www.thisdaylive.com/2025/02/23/time-to-unmask-sponsors-of-boko-haram/?amp=1


Title: Re: 11 more countries just joined BRICS this week
Post by: Darker45 on July 09, 2025, 01:41:37 AM
I am pleased that the government of my country has become a partner this year. We have been aligning with the Western bloc for a long time, yet things are getting worse. The US and partners see my country only as a source of cheap raw materials.

Our biggest problem now is terrorism, and a US Congressman, Scott Perry, during a hearing in Congress, stated that US financial aid to Nigeria was indirectly used to finance terrorists, including Boko Haram, ISIS, and Al-Qaeda. It is obvious that our country has been destabilized to enable these foreign countries to acquire cheap raw materials. The world needs another global alliance and BRICS might be the alternative.

https://www.thisdaylive.com/2025/02/23/time-to-unmask-sponsors-of-boko-haram/?amp=1

I'm not a Nigerian, but it seems the US is indeed raping your country. If I'm not mistaken, ExxonMobil and Chevron have been drilling your lands for many decades to serve the needs of people somewhere else.

However, to despise this rapist nation shouldn't mean there's a need to accommodate another rapist country. To partner with another world superpower for the sake of balance might only mean inviting another rapist to take advantage of what you have.

China is burying you with debts. Worse, they're even bringing in their own people for works that should have been offered to the locals. Now, they're legally and illegally drilling for all kinds of stuff in your country.

I hope and pray that yours and my country will one day cease to be just mere playthings of these competing and greedy nations.


Title: Re: 11 more countries just joined BRICS this week
Post by: peter0425 on July 09, 2025, 02:26:38 AM
And this has made Trump very angry. As usual he has threatened the BRICS countries with additional tariff just for joining BRICS. Trump's attitude reminds me of the toxic bosses we have in our office. Where team members do not fight with him in the office because he got power, but if any day he is found alone in the road, will be trashed straight away.
Trump will try to threaten anyone who dares to even think about joining BRICS and going against USA. Now, he has only implemented tariffs but later on... who knows what else will he do to maintain the us dollar's position. What I think, though is his illogical decisions regarding the tariffs may only drive the countries further and further away from him. If this continues, USA might be onto some humbling.
Quote
Having a power balance is very much needed in today's world. Especially when UN is nothing but a puppet of US, the world needs more such associations.
We know they will just go against each other anyway after they all collectively beat the US.


Title: Re: 11 more countries just joined BRICS this week
Post by: viljy on July 09, 2025, 06:29:35 AM
Trump will try to threaten anyone who dares to even think about joining BRICS and going against USA. Now, he has only implemented tariffs but later on... who knows what else will he do to maintain the us dollar's position. What I think, though is his illogical decisions regarding the tariffs may only drive the countries further and further away from him. If this continues, USA might be onto some humbling.

Import tariffs will not be paid by the seller (for example, China), but by the buyer, that is, the population of the United States. If it is not possible to include the tariff amount in the final price, the seller will simply stop the delivery (redirect the sale to other countries). Meanwhile, many goods cannot be replaced because in a post-industrial society there is simply no production of these goods. It is very difficult to quickly recreate the production.

The tariff is a clumsy attempt to reduce the national debt, in theory at the expense of importers, but in fact it will turn out to be at the expense of citizens of the United States. But most of the population lives on benefits from the state. Then what is the meaning of this fuss is unclear.


Title: Re: 11 more countries just joined BRICS this week
Post by: alani123 on July 09, 2025, 06:37:16 AM
And this has made Trump very angry. As usual he has threatened the BRICS countries with additional tariff just for joining BRICS. Trump's attitude reminds me of the toxic bosses we have in our office. Where team members do not fight with him in the office because he got power, but if any day he is found alone in the road, will be trashed straight away.

Having a power balance is very much needed in today's world. Especially when UN is nothing but a puppet of US, the world needs more such associations.

That is extremely funny because Vietnam was the first country in the whole world to bow to Trump's ridiculous demands. Even going against the advice of China!

Now they seem to be backtracking a bit. Or at least want to have a serious alternative in case their reliance on Trump's office proves to be a bad choice.

It seems that Trump just can't win this trade war. The US economy will contract as more states work together to eradicate their reliance on the US economy. Meanwhile the US has turned on long standing partners such as Japan and Korea to impose tariffs. How long would it be until these countries also realize they need their regional partners more.


Title: Re: 11 more countries just joined BRICS this week
Post by: shield132 on July 09, 2025, 10:05:12 AM
I don't understand why any country should be willing to join BRICS. People of my country have lived in the Soviet Union and they know what was the life there. After the fall of Soviet Union, people managed to leave borders and go outside, to visit European countries. When they visited France, Germany, UK, Italy and other countries, they saw that the life was much better outside of the Soviet Union, so for this reason, many people hate the Soviet Union and Russia in my country but those who love it, they love it because they were young, could fly for a few bucks in Russia and hook up with beautiful Russian girls and they call it the life.
During the Soviet Union, people couldn't buy good clothes in my country, they were sold by jews and it was like a black market. You couldn't buy a TV if you weren't in government, rich or didn't have a connection with someone who was the boss of something great. You had the money, this is true, no one was dying in starvation during the Soviet Union but you couldn't buy anything besides simple food.
I've relatives in Russia and in Europe. Even those relatives, who adore Russia, left Russia and work in the USA, Germany, Sweden and other European countries because life is better in these countries. If any country thinks that life in their country will be better if they join Russia and China, good luck to them.


Title: Re: 11 more countries just joined BRICS this week
Post by: pooya87 on July 09, 2025, 10:55:16 AM
This is an old news.
The way I understand it, back in previous years in the "old news" you are referring to, these countries were "invited" to join but they hadn't joined at the time whether as members or partners. That process takes time, and now one of them which is Indonesia has officially joined as a core member. The other 10 which were invited before, are now as partners.

There are others that are "invited" but never joined like Saudi Arabia (2023), Turkey (2024), Pakistan (2024), Bangladesh (2024) and are still considering it. Some others like Argentina (2023) and Algeria (2022) that were invited but rejected the invitation.


Title: Re: 11 more countries just joined BRICS this week
Post by: YOSHIE on July 09, 2025, 11:26:10 AM
Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)
Initially I saw the country you mentioned above as a partner country in the position of BRICS, but now we see them joining members of BRICS.

If half of the country's population recorded in the United Nations has joined as a member of BRICS, YES, it is a sign that the world will break two waves of global economic blocks, this will affect the global economy as a whole, We can understand Uzbekistan, Kazakhstan, Thailand, Malaysia and others to be a place for tourist tiger, if Saudi Arabia, The United Arab Emirates are clear they have the biggest turnover of migrants and if the BRICS currency really applies like a dollar, yes maybe I don't know what happened.


Title: Re: 11 more countries just joined BRICS this week
Post by: DeathAngel on July 09, 2025, 12:03:20 PM
Yeah it’s a threat to the USD as the world reserve currency. Maybe not an imminent threat but as these countries gain strength & confidence, dealing with each other it definitely threatens the US. Trump does not like it, but BRICS is not going to go away, they are only going to have an increasing presence as time goes on.


Title: Re: 11 more countries just joined BRICS this week
Post by: bubilas on July 09, 2025, 01:00:12 PM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)

The obsession of every American president is to strengthen the power of the dollar. And although it has long been untied from gold, the dollar has remained strong thanks to US policy, its business and ability to invest in other countries. And when Putin announced that BRICS would consider creating its own currency, it was the greatest threat to the dollar. Now, with the accession of the BRICS countries, this union is strengthening and Trump is afraid more than ever that under his rule the dollar will become much weaker on the world stage.


Title: Re: 11 more countries just joined BRICS this week
Post by: Lida93 on July 09, 2025, 01:55:49 PM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)
This is what I do not like about should I say Trump or  the US, they claim to be a democratic nation yet act autocratic towards the decisions of other sovereign nations. When I first had about the news from one of our local broadcasting stations about Trumps reaction of a 10% additional increment or so towards those new (intending) members of the BRICS Summit I wasn't really sure if Trump do understands that the US needs other nations as much as they need the US to survive, because the US can't be an autarchy of itself in a modern world that is described as a global village.


Title: Re: 11 more countries just joined BRICS this week
Post by: bangjoe on July 09, 2025, 02:10:46 PM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)

Our country, Indonesia, is one of them, becoming a full member of BRICS. We appreciate this because we have a non-aligned policy, allowing us to flexibly engage in profitable opportunities for economic collaboration.

Trump is furious and is targeting 32% tariffs on our country starting next August.

The more arrogant Trump is, the faster the world will abandon him. This is a mistake that will have long-term consequences for the US economy.


Title: Re: 11 more countries just joined BRICS this week
Post by: tsaroz on July 09, 2025, 02:23:34 PM
BRICS is a very loose trading coalition at the moment. I know they are the superpowers in future but I don't see such varied countries with conflicting interest could stay on such coalition for long. But they should continue this if what they want is a prosperous and peaceful world.
BRICS should have been the force that brings new world economic order but the way they are divided about a currency or trading among them means the world bank/IMF scam is going to run for a while. They should rather focus on blockchain based solutions about governing and issuing of currency and digitally trading transitional currencies through blockchain before reaching a consensus for a single universal currency.


Title: Re: 11 more countries just joined BRICS this week
Post by: Israelgogo on July 09, 2025, 02:37:45 PM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)

This is well informed of BRICS, is a coalition of about 5 major countries with economy power which includes Russia, India, China, South Africa and more to form intergovernment and is be funded by the members started in 2010 and they grew up with more members in 2024 and 2025, BRICS Nations is formed on the basis of freedom government and shares knowledge of economy and power. In January, 22nd 2025 Nigeria became the ninth new member country with others, indeed this makes BRICS Nations the largest population countries with a good gross GDP.


Title: Re: 11 more countries just joined BRICS this week
Post by: Doan9269 on July 09, 2025, 02:45:31 PM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)

I think this recent identification was a s a result of being able to help and benefit from each other in terms of the economy development and not with any hidden agenda or revolt to form cliques as against the western regions, this is what i see in them, the same way we can see the more active collaboration of US and any other country in making business to help develop the economy, we may not take it by far to other approach it may not really mean anything for now, BRICS still remain the only 5 countries it comprises.


Title: Re: 11 more countries just joined BRICS this week
Post by: Ishicryptic on July 09, 2025, 03:14:12 PM
Finally. I have been asking about the BRICS. Where they are in all of these happenings particularly economic happenings all over the world. Happy to know they held a meeting but to me it still means nothing until I see them do something. Most of these countries that are members are still dependent on the US dollar, they still have some trade restrictions between member nations. Let them show us some actions.
I think that we need to give the amalgamation of BRICS nations a chance, it is said that 'Rome, was not built in a day' so we need to give them the benefits of doubt and see how their alignment will fare in the near future. Remember that the US and the western world have dominated the global economy for as long as we can remember, so forming a formidable alliance that can match them will take time and proper planing before we can be seeing results. There is strength in number and as more countries are joining BRICS and forming economic alliances they can one day not be dependant on the US dollar, Euro and pound for trade and commerce, I am quite hopeful about BRICS.


Title: Re: 11 more countries just joined BRICS this week
Post by: Porfirii on July 09, 2025, 03:55:40 PM
-snip- 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Our country, Indonesia, is one of them, becoming a full member of BRICS. We appreciate this because we have a non-aligned policy, allowing us to flexibly engage in profitable opportunities for economic collaboration.

Trump is furious and is targeting 32% tariffs on our country starting next August.

The more arrogant Trump is, the faster the world will abandon him. This is a mistake that will have long-term consequences for the US economy.

Isn't Spain among these countries? I'm afraid that Trump will feel disappointed when he hears this news.

Trump targets Spain with tariffs in BRICS blunder - Euractiv (https://www.euractiv.com/section/politics/news/trump-targets-spain-with-tariffs-in-brics-blunder/)



Half of the population is something really respectable, but the problem was mentioned before: these are very heterogeneous nations with very different cultures and ideologies and interests that will not always be easy to reconcile.


Title: Re: 11 more countries just joined BRICS this week
Post by: tottong on July 09, 2025, 04:00:49 PM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)

If I'm not mistaken Trump began to threaten our country at a much larger rate that will be charged and as if this threat puts pressure on the joining of several countries that you mentioned.
The effect may be large because if the tariff for our country is starting to be raised because Indonesia is still quite dependent on several exports from the United States such as industry, consumption goods, automotive vehicles and food.

But besides that Indonesia itself has the advantage of this because it can expand the market for exports of local goods and diplomacy.
BRICS began to expand itself with the presence of several countries that joined so that the positive and negative impacts would have been considered by some countries that began to join.


Title: Re: 11 more countries just joined BRICS this week
Post by: Muba20 on July 09, 2025, 04:12:53 PM
When the United States wants to control any country, they will first talk about democracy or sometimes about human rights. Such behavior is not unfamiliar to anyone. They do not think about human rights if their own interests are hurt. The United States will never want BRICS expansion.

NATO or G7 work to protect the interests of the Western world, it is not a problem, but when BRICS is being created or expanded, it is not acceptable. US do not want to see a global political opponent. They are only interested in maintaining a single hegemony.

The UN currently stands like a wooden puppet. Due to US pressure, the UN cannot work independently. They cannot do what they should do from a humanitarian point of view. Today, they have failed to play the effective role that they needed to play in countries like Palestine. BRICS can certainly be considered a good alternative on such issues, which the United States is already well aware of, This is why it has directly threatened to increase trade tariffs.


Title: Re: 11 more countries just joined BRICS this week
Post by: avikz on July 09, 2025, 05:19:58 PM
And this has made Trump very angry. As usual he has threatened the BRICS countries with additional tariff just for joining BRICS. Trump's attitude reminds me of the toxic bosses we have in our office. Where team members do not fight with him in the office because he got power, but if any day he is found alone in the road, will be trashed straight away.

Funny enough, his tariffs were one major reason why these countries finally joined BRICS. Most of them just want to watch and see what happens, but this seemed like a final blow. These countries just want to do business without so many complications, but the US make things more complicated.
The tariffs may not affect the big countries that much, but for developing countries, it will do more damage because they can't afford the extra cost, and their countries can make counter tariffs on the US, like China and Canada, because they will feel it more.
I don't fully buy into the gospel of BRICS, but I can understand why these countries would join them.

Trump is actually acting like a mad man. It seems he has started lobbying for peace Noble prize as well. If the noble committee finally decides to give him the peace Noble prize, the committee will loose all its credibility.

In a perfect world, one country should not become too powerful. A balance in power is essential for world peace. What Trump is doing, will eventually establish the global south as a contender of US in global trade.


Title: Re: 11 more countries just joined BRICS this week
Post by: gunhell16 on July 09, 2025, 05:39:31 PM
It seems like last year I heard the news about the brics countries joining. And if I'm not mistaken, in January 2025, Indonesia joined, just in my opinion.

And besides that, one of the good impacts I see is that it will also help increase their economic growth, resource security, and so on. However, we'll see how far it will go.


Title: Re: 11 more countries just joined BRICS this week
Post by: pooya87 on July 09, 2025, 05:56:43 PM
Half of the population is something really respectable, but the problem was mentioned before: these are very heterogeneous nations with very different cultures and ideologies and interests that will not always be easy to reconcile.
Although this is not wrong but I think people are overthinking this. Obviously all countries and every people have differences and follow different cultures and ideologies, but that has never stopped them from forming alliances and joining a single bloc. Look at Europe for example!!!

Additionally there is one language everyone on the planet understands and that is money. So all these countries share a coupe of very important interests. Like improving their economic situation, creating a better security for their people, getting rid of the weaponized fiat (ie. dollar) issued by a government with the largest debt in human history ($37 trillion and counting), ...


Title: Re: 11 more countries just joined BRICS this week
Post by: Ivystar5 on July 09, 2025, 10:20:18 PM
It doesn't just please me that more countries are beginning to see the need to partner with BRICs but the more facts that a country that seems too superior with the (delusional) power is getting jealous or angry that his (their) country that has distablized a lot of this country is getting leftout for a more better opportunity to restructure each countries economy. they will only get better with BRICs than a country with B-2 Bomber power and a so called bully president that wants to triumph over others economy down fall even though his country holds more debt than any other country.


Title: Re: 11 more countries just joined BRICS this week
Post by: Churchillvv on July 09, 2025, 11:19:22 PM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)
BRICS are now 56% of the world and the emperor wannabe of the US thinks his still has it all to himself? Just like I said glad my country is now among the BRICS, it only means one thing that soon the America will understand what it has done to itself. From the past we can even see that they have been sponsors of internal crisis in different countries using that opportunity to exploit those countries, now must of them realising this have partnered with BRICS with a common interest of helping each other build a stronger economy.


Title: Re: 11 more countries just joined BRICS this week
Post by: Popkon6 on July 10, 2025, 02:15:02 AM
🌍 1. Expansion to 11 Members — Since January 2024, five new full members joined: Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. Indonesia became the 11th full member in January 2025. 1

👥 2. BRICS+ Partner Model — Nine countries including Nigeria, Malaysia, Thailand, Vietnam, Belarus, and others joined as “partner countries” beginning January 2025, extending the bloc’s influence. 2

📊 3. Economic Weight — The expanded BRICS now represents over 40 % of global population and about 31–41 % of global GDP (PPP), challenging Western economic dominance. 3

💱 4. Institutional Reform Agenda — Members agreed in Rio to push IMF quota reform, de-dollarization, using local currencies in trade, and boosting the New Development Bank with guarantees for Global South investment. 4

⚖️ 5. Internal Friction — Rapid growth has intensified ideological divides—democracies vs autocracies and differing stances on global conflicts (e.g., Middle East) and UN Security Council reform—creating challenges in finding consensus. 5

Source link: https://x.com/World_Insights1/status/1941875286792110132?t=KSBuqVnfneGBBAWZJjYMTQ&s=19


This BRICS was created against the US dollar, so Donald Trump's mood is getting irritated because of the addition of different countries. Because the new countries that are joining are increasing tariffs on each country, I think that increasing tariffs will not bring any benefits to Donald Trump, but will cause more economic losses.
Donald Trump is abusing his power, and BRICS is ready to respond, because BRICS has a huge population growth, so I think Trump will be able to overthrow his power very quickly.



Title: Re: 11 more countries just joined BRICS this week
Post by: Cossyblack on July 10, 2025, 10:31:23 AM
The US always want to be seen and regarded as the most strongest nation on earth and wants other nations to fear & worship them as superior..The US tariff trade war have brought more nations together, caused them to become united with one accord than ever against the US and that's what the US fears the Most, Unity. The US fears unity and doesn't want to see nations becoming united with one accord and will fight to stop it from happening but the inevitable cannot be stopped from happening. The main agenda of Brics is de-dollarization and despite the US continuous tariffs increase and unwavering threats on Brics nations,more countries have continued to joined while some showed their interests to join the bloc. I am certain it's just a matter of time for the US dollars to loose its dominance,they can only try to delay it but they cannot stop it.


Title: Re: 11 more countries just joined BRICS this week
Post by: Oshio-man on July 10, 2025, 03:10:13 PM
Yeah it’s a threat to the USD as the world reserve currency. Maybe not an imminent threat but as these countries gain strength & confidence, dealing with each other it definitely threatens the US. Trump does not like it, but BRICS is not going to go away, they are only going to have an increasing presence as time goes on.
Because of this threat to USD, it will make many countries to join BRICS to let Trump know that they can trade perfectly well among those countries without dollar. As long develop countries are showing interest to join  BRICS like the way Indonesia country join recently, it will create more fear to US government because they think the unity of those countries will not stand but is making progress already, which there are some countries preparing to join BRICS soon, whether Trump like it or not, it will not going to affect those countries that have accepted BRICS, and they are ready to influence other countries to take a bold decision to embrace BRICS to make Trump know that many countries don't like his policy.


Title: Re: 11 more countries just joined BRICS this week
Post by: bitmover on July 10, 2025, 03:30:32 PM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)

All dictatorships are welcome to the brics.

I am ashamed that my country is part of that group of countries which has no respect for human rights and individuals.

Milei rejected Brics, and now Argentina is looking for more democratic partners.  I hope we can elect a new president next year and join  his team.


Title: Re: 11 more countries just joined BRICS this week
Post by: bangjoe on July 10, 2025, 03:52:01 PM
Yeah it’s a threat to the USD as the world reserve currency. Maybe not an imminent threat but as these countries gain strength & confidence, dealing with each other it definitely threatens the US. Trump does not like it, but BRICS is not going to go away, they are only going to have an increasing presence as time goes on.
Because of this threat to USD, it will make many countries to join BRICS to let Trump know that they can trade perfectly well among those countries without dollar. As long develop countries are showing interest to join  BRICS like the way Indonesia country join recently, it will create more fear to US government because they think the unity of those countries will not stand but is making progress already, which there are some countries preparing to join BRICS soon, whether Trump like it or not, it will not going to affect those countries that have accepted BRICS, and they are ready to influence other countries to take a bold decision to embrace BRICS to make Trump know that many countries don't like his policy.

World War II is over, the system built by the US has declined, and the dollar as the axis of global trade has been slowly abandoned. Of course, this didn't happen suddenly; there must have been a reason why many countries are starting to reconsider their use of the dollar as a foreign exchange and medium of exchange.

Remember, the dollar's value was tied to oil in the previous agreement, which ended last year, resulting in the loss of the petrodollar's status. Saudi Arabia abandoned it, and now there is no meaningful underlying value for the dollar as a standard. Another reason is the US's double-standard political views. We have seen this for a long time. On the other hand, when it comes to military power, many countries have caught up and are able to match it militarily, so why should they submit to the US? The big question is why the BRICS countries are not aligned with the US.

Perhaps this also reflects disappointment with US leadership as the axis of the global economy and politics.


Title: Re: 11 more countries just joined BRICS this week
Post by: el kaka22 on July 10, 2025, 05:39:23 PM
When you have "NATO" that does what it does, it wasn't really a shocker that eventually other nations would start to gather around. Mainly, India, China and Russia is the big three, Brazil is the fourth and not bad neither, they had some political instability in recent years as we all know, but not a small economy neither.

Places like Vietnam or Uganda is not what they are looking for ,they just want numbers, you think those actually contribute anything at all? They are just telling these nations "we can take care of you, you do not need USA anymore" and that's it, many nations cheerfully agree to that of course. Basically, competition is healthy and we needed this for a long time, let's see if it would have impact on economy in any good way.


Title: Re: 11 more countries just joined BRICS this week
Post by: Mate2237 on July 10, 2025, 06:15:46 PM
Brics is gradually becoming a global force that will challenge the United States and it's allies when it comes to worlds trade because Brics has it targets which is to rival the United States and the use of the dollar in world trade and they had been gathering more momentum as more countries joins Russia, China and it allies forging a new trading part for the interest of their countries.



I see Brics as one bid headache that will rise and dominate world trade in the world this type of organizations are necessary because it will bring balance and sanity to world trade as it will help in fighting against trade monopoly which will only favour some few countries


Title: Re: 11 more countries just joined BRICS this week
Post by: EarnOnVictor on July 10, 2025, 07:10:56 PM
Apparently BRICS now represents roughly half the population and GDP of the entire world 8)
I saw this coming since last year, and it is just the beginning, BRICS will continue to grow and expand in economic and political power. And if the relationship is successful, I bet that their agenda may grow more than what it is at present.

No thanks to Donald Trump, he continues to give more countries the reason to blatantly join BRICS without hesitation.

My only regret is that Russia is one of the countries that is superheading it. I just don't trust that country with too much power. Other than that, I fully welcome BRICS. There shouldn't be a monopoly of power the way the US controls every economic and political power. There should be diffusion for balance to avoid excesses.


Title: Re: 11 more countries just joined BRICS this week
Post by: Ruttoshi on July 10, 2025, 08:07:34 PM
Changes is needed when you're with the western bloc and your country economy is getting worse without any aid from the US. US has been a country that is only concerned about its citizens and they don't give a fuck about the economical growth of those small countries in UN. US only go to assit countries that they will benefit huge profits from.

If the US wouldn't benefit anything from you, they don't have any business to do with your country. BRICS is the only alternative to those countries who wants to be free from the UN. I believe that many more countries will join BRICS in future and that will weaken the US dollar and power in the world.


Title: Re: 11 more countries just joined BRICS this week
Post by: mindrust on July 10, 2025, 08:15:03 PM
I don’t understand why the west is getting mad over this. They don’t want these countries and their people. They don’t want them, they don’t like them so what is the problem if they decided to form an alliance? It is not the west’s business. It is not Trump’s business without a doubt.

What next? Invade them because they are also making nukes? I don’t think this lie can work one more time, not on that many countries. They are getting mad because of this probably.

It is much easier to pick a fight with a lone wolf like Iran.

But when these poor countries unite? Nothing will work


Title: Re: 11 more countries just joined BRICS this week
Post by: coupable on July 10, 2025, 08:19:19 PM
The bloc is growing silently. Despite all the interpretations of the global political scene, the expansion of BRICS to include more emerging economies cannot be ignored. But does this really worry America in particular, given that it is the only country leading the anti-BRICS alliance? After the Russian-American rapprochement on the Ukraine issue, it seems that things have returned to tension following Trump's decision to continue supporting Ukraine with weapons and equipment. The joining of more countries to BRICS coincided with the divergence between Russia and America in their positions on their respective foreign policies.


Title: Re: 11 more countries just joined BRICS this week
Post by: pooya87 on July 11, 2025, 06:29:21 PM
Saudi Arabia abandoned it
Saudi usurpers of Arabi have no independence to make such a decision about such an important matter! This family that has taken over Arabia and has even changed the name of the country, relies on US regime to exist. That means if Trump says "jump" they'll only answer "how high".

Of course when the US regime continues getting weaker every day, these parasites try to get some kicks in which is the al-Saud getting closer to China a little bit... Other than that, they are still saying "Yes Sir".


Title: Re: 11 more countries just joined BRICS this week
Post by: Scarlett_23 on July 11, 2025, 06:34:36 PM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)

The World Bank and the IMF are the main global economic institutions controlled by the West and benefiting the West. It is a major backbone of the world economy. These two institutions have always benefited the West and its supporters. The United Nations also works for the United States. In this capacity, they are controlling the world alone. They are imposing conditions on others to protect their own interests. To get out of this idea, there needs to be an alternative system. So that other countries in the world have their own political and economic independence and have a system to protect their own interests.

Therefore, BRICS has created a new bank called 'NDB' as an alternative to the IMF and the World Bank. So that it can be independent of the economy, politics and world decisions of the United States and the European Union. In addition, BRICS was formed to increase the participation of emerging countries in the political and economic fields of the world so that the world system is not unilateral but multilateral. Currently, many new countries have joined BRICS and Indonesia has been given full membership, which involves more than half of the world's people.


Title: Re: 11 more countries just joined BRICS this week
Post by: Uruhara on July 11, 2025, 07:29:33 PM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)
Well, at least 10 countries have now become full members: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, the United Arab Emirates, and most recently, Indonesia, which joined in January.1
The number of partner members has also increased to 10: Belarus, Malaysia, Thailand, Vietnam, Nigeria, Uganda, Uzbekistan, Kazakhstan, Cuba, and Bolivia.

And I believe this number will continue to grow, especially with all the current US trade tariff policies. This will only encourage countries that dislike these US policies to move closer to BRICS.

Indonesia, which is also subject to a 32% trade tariff, will not actually be significantly disadvantaged. But I doubt whether it is a wise decision or not with such large trade tariffs against Indonesia which is rich in natural resources. Indonesia has everything in terms of natural resources. Gold, gas, oil, coal, nickel, copper, and even uranium, a rare natural resource, are also found in Indonesia.2
This will keep Indonesia a major player in the world's natural resources sector. Therefore, many countries want to collaborate with Indonesia. Not only that, in terms of human resources, agriculture and other sectors, we are actually stable.

--------------
Reference:
1. https://www.business-standard.com/external-affairs-defence-security/news/brics-welcomes-indonesia-as-member-10-other-nations-as-partner-countries-125070700058_1.html
2. https://listrikindonesia.com/detail/14668/indonesia-kaya-uranium-peluang-pltn-terbuka-lebar


Title: Re: 11 more countries just joined BRICS this week
Post by: Asiska02 on July 11, 2025, 10:14:49 PM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)

This is a very great news and I am still amazed and at the same time surprised that my country is finally going to leave the trail of US in anything they intend to do internationally, outside of the country.

The president of Nigeria has travelled to Brazil for some days now and still not yet back with some governors to strengthen their ties with the BRICS nation, I hope this new alliance will bring an end to many injustice we’ve been facing from the outside world who take advantage of our naivety and rules that we have to succumb to without our own choice.

The US tariffs has become even more threatening to nations that depend on US dollar for their exports, this new alliance should shaken their strength they behold to themselves as unshakeable in the eyes of the world.


Title: Re: 11 more countries just joined BRICS this week
Post by: Iranus on July 12, 2025, 08:04:14 AM
I believe that many more countries will join BRICS in future and that will weaken the US dollar and power in the world.

It’s happening already, mate. The dominance of the USD has been at a significant low in recent years, especially in its role as the global foreign exchange reserve currency. According to the IMF, the share of the USD in global foreign exchange reserves has fallen from 71% in 1999 to 58.4% in 2023 and continues to decline faster due to Trump's tariff war as well as the US' growing public debt. It can be said that the world's confidence in the USD is more shaky than ever.

I believe that in less than a decade, the dominance of the US dollar will decline not only in global reserves. Its role in international trade will also soon decrease as countries like BRICS gradually switch to their own currencies or bitcoin.


Title: Re: 11 more countries just joined BRICS this week
Post by: justdimin on July 12, 2025, 09:34:41 AM
It’s happening already, mate. The dominance of the USD has been at a significant low in recent years, especially in its role as the global foreign exchange reserve currency. According to the IMF, the share of the USD in global foreign exchange reserves has fallen from 71% in 1999 to 58.4% in 2023 and continues to decline faster due to Trump's tariff war as well as the US' growing public debt. It can be said that the world's confidence in the USD is more shaky than ever.

I believe that in less than a decade, the dominance of the US dollar will decline not only in global reserves. Its role in international trade will also soon decrease as countries like BRICS gradually switch to their own currencies or bitcoin.
And I am sure it will keep falling even more in the future. The difference was that, dollar was strong against other currencies, but now because of the printing becoming way too much, dollar loses value too which means that we are not going to get that much return if we invest int dollar.

If dollar is printed by trillions every single year, then why would we put our money into it? Makes more sense to invest into "things" instead of money, sure it's still not smart to get other currencies neither, but it's smart to get gold and many nations have  resurgence of gold rush, they are buying gold like crazy. You know all those complaints about "oh 10k would get you house in 70's, now can't get you even a decent car" etc? Well same gold back then, in weight, could buy you the same house today, maybe a bit better even.


Title: Re: 11 more countries just joined BRICS this week
Post by: silpersurfer on July 12, 2025, 10:28:06 AM
The bloc is growing silently. Despite all the interpretations of the global political scene, the expansion of BRICS to include more emerging economies cannot be ignored. But does this really worry America in particular, given that it is the only country leading the anti-BRICS alliance? After the Russian-American rapprochement on the Ukraine issue, it seems that things have returned to tension following Trump's decision to continue supporting Ukraine with weapons and equipment. The joining of more countries to BRICS coincided with the divergence between Russia and America in their positions on their respective foreign policies.

The presence of the BRICS naturally raises concerns for the United States, as this move could further weaken the dollar and further weaken US dominance in the international arena. Most recently, Indonesia recently joined the BRICS, a move that has angered the US. Indonesia, despite its considerable influence in Southeast Asia, could become a trigger for other ASEAN countries to follow suit and abandon the US dollar.

Surprisingly, after Indonesia joined the BRICS, it immediately faced US sanctions in the form of a 10% increase in its tax rate, from 22% to 32%. I believe this will backfire on the US, as these sanctions could further encourage Indonesia to abandon the US dollar and strengthen its ties with the BRICS countries.


Title: Re: 11 more countries just joined BRICS this week
Post by: justinlamode on July 12, 2025, 11:45:10 AM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)
Now I see why Trump is fuming and threatening fire and brimstone.  I saw this coming a long time ago because people will naturally prefer a system of partnerships built on mutual respect than one that thrives on bullying and exploitation. 

I don't want to say that Trump is flogging a dead horse trying to woo some African countries to his side with the proposal for partnership rather than imperialism.  But the truth is that people just want to try something new as it is obvious that relationships with the west have not brought most countries to their true freedom.  For instance, elections in Africa are rigged and puppets foisted on the people by the West, people are becoming fed up with these systems.


Title: Re: 11 more countries just joined BRICS this week
Post by: coupable on July 12, 2025, 04:28:14 PM
The bloc is growing silently. Despite all the interpretations of the global political scene, the expansion of BRICS to include more emerging economies cannot be ignored. But does this really worry America in particular, given that it is the only country leading the anti-BRICS alliance? After the Russian-American rapprochement on the Ukraine issue, it seems that things have returned to tension following Trump's decision to continue supporting Ukraine with weapons and equipment. The joining of more countries to BRICS coincided with the divergence between Russia and America in their positions on their respective foreign policies.

The presence of the BRICS naturally raises concerns for the United States, as this move could further weaken the dollar and further weaken US dominance in the international arena. Most recently, Indonesia recently joined the BRICS, a move that has angered the US. Indonesia, despite its considerable influence in Southeast Asia, could become a trigger for other ASEAN countries to follow suit and abandon the US dollar.

Surprisingly, after Indonesia joined the BRICS, it immediately faced US sanctions in the form of a 10% increase in its tax rate, from 22% to 32%. I believe this will backfire on the US, as these sanctions could further encourage Indonesia to abandon the US dollar and strengthen its ties with the BRICS countries.
I can understand America's concerns about the expanding geography of brics, as this could create a global market parallel to the current global trade market. However, I see no reason to fear for the position of the $$$ in the global market as a whole. Even brics member countries, including China and Russia, cannot completely eliminate the use of the US dollar. Likewise, no BRICS country can impose its currency as an alternative to dollar transactions, as this would create a new reality with the same crises, in which we would simply replace the dollar with another currency. Furthermore, it does not look obvious that the brics countries are ready to issue a new unified currency for use in trade.


Title: Re: 11 more countries just joined BRICS this week
Post by: Muba20 on July 12, 2025, 04:49:57 PM
Saudi Arabia abandoned it
Saudi usurpers of Arabi have no independence to make such a decision about such an important matter! This family that has taken over Arabia and has even changed the name of the country, relies on US regime to exist. That means if Trump says "jump" they'll only answer "how high".

Of course when the US regime continues getting weaker every day, these parasites try to get some kicks in which is the al-Saud getting closer to China a little bit... Other than that, they are still saying "Yes Sir".
The Saudi royal family has been in power since 1932, which is certainly contrary to the wishes of the common people of the country, but this family has only kept them in its fold by fear. If there is even the slightest word of opposition against them in their own country, it is against their law and they are killed.

10 years old Murtaja Qureiris was convicted of participating in the 2011 peaceful protest program and was arrested in 2014 and later sentenced to death. As far as I know, when he was condemned by various countries including international human rights organizations, his death sentence was commuted. It is not difficult to imagine how aggressive the dictatorship of such a country has become, where no one can not raise its voice.

The country is now acting only as a province of America. It does what it is told. Despite being a Muslim country, it has not been seen for the welfare of Muslims. Rather, Western culture has been introduced into the country.


Title: Re: 11 more countries just joined BRICS this week
Post by: WillyAp on July 12, 2025, 05:50:54 PM

I can understand America's concerns about the expanding geography of brics, as this could create a global market parallel to the current global trade market. However, I see no reason to fear for the position of the $$$ in the global market as a whole. Even brics member countries, including China and Russia, cannot completely eliminate the use of the US dollar. Likewise, no BRICS country can impose its currency as an alternative to dollar transactions, as this would create a new reality with the same crises, in which we would simply replace the dollar with another currency. Furthermore, it does not look obvious that the brics countries are ready to issue a new unified currency for use in trade.

Yes but DT does ignore or wishes not to acknowledge certain things, like the trade surplus goes 2 ways.
BRICS countries will be handled with doble tariffs, one for the country and another tariff for being BRICS.
That makes many products disappear in the shelfs of Walmart and Bestbuy.
The next 3 month will show.



Title: Re: 11 more countries just joined BRICS this week
Post by: SATWAT on July 12, 2025, 05:57:53 PM
Saudi Arabia abandoned it
Saudi usurpers of Arabi have no independence to make such a decision about such an important matter! This family that has taken over Arabia and has even changed the name of the country, relies on US regime to exist. That means if Trump says "jump" they'll only answer "how high".

Of course when the US regime continues getting weaker every day, these parasites try to get some kicks in which is the al-Saud getting closer to China a little bit... Other than that, they are still saying "Yes Sir".
The Saudi royal family has been in power since 1932, which is certainly contrary to the wishes of the common people of the country, but this family has only kept them in its fold by fear. If there is even the slightest word of opposition against them in their own country, it is against their law and they are killed.

10 years old Murtaja Qureiris was convicted of participating in the 2011 peaceful protest program and was arrested in 2014 and later sentenced to death. As far as I know, when he was condemned by various countries including international human rights organizations, his death sentence was commuted. It is not difficult to imagine how aggressive the dictatorship of such a country has become, where no one can not raise its voice.

The country is now acting only as a province of America. It does what it is told. Despite being a Muslim country, it has not been seen for the welfare of Muslims. Rather, Western culture has been introduced into the country.
You deserved to be had merit from me after having statement like this about Saudi Arabia because long time I am speaking about them, they are having no intention about anyone just keeping their royalty they are doing things, and they are living like American state.
Sometime back I hear a good deal of news about them, but things are never been favorable anyone can stand against them America is having good ties because this contract was signed long time ago America will protect Al Saud, and they will be faithful for them, and they are doing now most chances in next few weeks or month they will be illegal state of Israel maybe MBS will do this because he needs strong backup of America for his chance of sitting at top.
They are only Muslims because their they are ruling this country otherwise they can change their religious as well if America wants this from them, they have never done anything for any Muslim country in last 9 decades.


Title: Re: 11 more countries just joined BRICS this week
Post by: coupable on July 12, 2025, 06:59:43 PM

I can understand America's concerns about the expanding geography of brics, as this could create a global market parallel to the current global trade market. However, I see no reason to fear for the position of the $$$ in the global market as a whole. Even brics member countries, including China and Russia, cannot completely eliminate the use of the US dollar. Likewise, no BRICS country can impose its currency as an alternative to dollar transactions, as this would create a new reality with the same crises, in which we would simply replace the dollar with another currency. Furthermore, it does not look obvious that the brics countries are ready to issue a new unified currency for use in trade.

Yes but DT does ignore or wishes not to acknowledge certain things, like the trade surplus goes 2 ways.
BRICS countries will be handled with doble tariffs, one for the country and another tariff for being BRICS.
That makes many products disappear in the shelfs of Walmart and Bestbuy.
The next 3 month will show.


I completely rule out this scenario in the near and medium term. It is too early to discuss its ambitions, given that it includes countries friendly to America and unable to abandon the current global financial system led by the US dollar. As I see it, brics chances of success lie in its facilitation of trade, where individuals and goods enjoy the freedom of movement and ease of exchange, creating free markets that provide privileges to brics members. This is a logical and legitimate ambition, and it would be difficult for the US to confront it alone, as it would not be opposed by any other party.


Title: Re: 11 more countries just joined BRICS this week
Post by: kryptqnick on July 12, 2025, 07:01:58 PM
BRICS is expanding, adding new partners, speaking of justice and international law, but at the same time refusing to condemn Russia’s aggression against Ukraine. Economically, BRICS is trying to build an alternative financial system, free of the Western influence. With how the Trump administration is behaving, that makes sense, but I also think that, in some way, BRICS is a success of Russian propaganda and of authoritarian-leaning countries over democracy-leaning ones.
Still, for something allegedly so big and powerful, it seems to me that BRICS was stillborn. It includes countries that are so different from each other, that there's very little room for statements and decisions they'd all be on board with.


Title: Re: 11 more countries just joined BRICS this week
Post by: Fiatless on July 12, 2025, 07:55:01 PM
BRICS is expanding, adding new partners, speaking of justice and international law, but at the same time refusing to condemn Russia’s aggression against Ukraine. Economically, BRICS is trying to build an alternative financial system, free of the Western influence. With how the Trump administration is behaving, that makes sense, but I also think that, in some way, BRICS is a success of Russian propaganda and of authoritarian-leaning countries over democracy-leaning ones.
Still, for something allegedly so big and powerful, it seems to me that BRICS was stillborn. It includes countries that are so different from each other, that there's very little room for statements and decisions they'd all be on board with.
I am in no way supporting Russia's invasion of Ukraine because nobody deserves to die. Each time I see the suffering that innocent citizens have been subjected to because of these wars, I am pained and feel sorry for them. But we would have to balance our position to avoid hypocrisy.  Has NATO ever criticized the genocide in Gaza? Are citizens of Ukraine more human than Palestinians? NATO is simply a puppet of the US and its partners


Title: Re: 11 more countries just joined BRICS this week
Post by: Oluwa-btc on July 12, 2025, 09:08:29 PM
Finally. I have been asking about the BRICS. Where they are in all of these happenings particularly economic happenings all over the world. Happy to know they held a meeting but to me it still means nothing until I see them do something. Most of these countries that are members are still dependent on the US dollar, they still have some trade restrictions between member nations. Let them show us some actions.

I'm practically interested in this view because they're simply tied to the Dollar but they're more focused on chasing the BRICS channel.Over 80% trade is carried out in Dollar and that's why ignoring Dollar completely wouldn't be so easy for them;it's a financial risks to them.Perhaps,replacing Dollar globally isn't an overnight decision to make.


Title: Re: 11 more countries just joined BRICS this week
Post by: WillyAp on July 12, 2025, 09:27:25 PM

I completely rule out this scenario in the near and medium term. It is too early to discuss its ambitions, given that it includes countries friendly to America and unable to abandon the current global financial system led by the US dollar.

The US with its current administration has made it clear to all former friends, that America 1st is really America alone.
The administration has noticed and backpedaled, but trust is easily lost and hard to regain. 


Title: Re: 11 more countries just joined BRICS this week
Post by: coupable on July 12, 2025, 10:11:36 PM

I completely rule out this scenario in the near and medium term. It is too early to discuss its ambitions, given that it includes countries friendly to America and unable to abandon the current global financial system led by the US dollar.

The US with its current administration has made it clear to all former friends, that America 1st is really America alone.
The administration has noticed and backpedaled, but trust is easily lost and hard to regain. 
I agree with you on the position of the current US administration, which wants to maintain America's leadership in the global economy. I somewhat agree with the US position because the US economy cannot maintain its superiority without the influence it imposes on the entire global market. Brics represents a real threat to American power if it grants more authority in a free global market.

What I disagree with you is that this is only the position of the current US administration. I believe this has always been its position under successive presidents. The Trump administration is the most clear in its positions, but this must be understood within the framework of a general US strategy and not specific to the current Trump administration. Trump will leave after his term ends, and his successor will maintain the same policy.


Title: Re: 11 more countries just joined BRICS this week
Post by: uneng on July 12, 2025, 11:40:06 PM
I guess it has something to do with the fact Trump is treating countries around the globe with hostility, going on the exact opposite direction past american governments did. All the trust and partnership built along the decades are being destroyed by Trump.

Is US really thinking they are doing good business, or is it just Trump who thinks it?

Anyway, I don't cheer BRICS growing, because it means more power for Russia and China. Every other countries participating it are just peons and farms for Russia and China to grow stronger and to gather more resources.


Title: Re: 11 more countries just joined BRICS this week
Post by: MRY on July 12, 2025, 11:46:59 PM

I completely rule out this scenario in the near and medium term. It is too early to discuss its ambitions, given that it includes countries friendly to America and unable to abandon the current global financial system led by the US dollar.

The US with its current administration has made it clear to all former friends, that America 1st is really America alone.
The administration has noticed and backpedaled, but trust is easily lost and hard to regain.  
I agree with you on the position of the current US administration, which wants to maintain America's leadership in the global economy. I somewhat agree with the US position because the US economy cannot maintain its superiority without the influence it imposes on the entire global market. Brics represents a real threat to American power if it grants more authority in a free global market.

What I disagree with you is that this is only the position of the current US administration. I believe this has always been its position under successive presidents. The Trump administration is the most clear in its positions, but this must be understood within the framework of a general US strategy and not specific to the current Trump administration. Trump will leave after his term ends, and his successor will maintain the same policy.
When you say that America is not taking a new position, I do not consider your words false. Their national interests have kept on taking priority over international solidarity as we have always witnessed. But I believe there is an important distinction between a policy in disguise of diplomacy and such an overt one as the Trump era. When a superpower takes such a drastic step as quitting an agreement publicly it is not looking at the short term. It destabilizes the trend of international collaboration that has been excruciatingly wrought.

Other countries cannot be faulted when they now begin to seek alternative options such as the BRICS. This is the time when even trust can be a source of power rather than economic muscle. And as America keeps this exclusive position, a greater realignment of power than ever is a possibility we all may observe. You are correct, it is not all about who is president. Nevertheless, the delivery style and the executive decisions also make a massive influence on the world perceptions.


Title: Re: 11 more countries just joined BRICS this week
Post by: fuguebtc on July 13, 2025, 04:09:48 AM


Anyway, I don't cheer BRICS growing, because it means more power for Russia and China. Every other countries participating it are just peons and farms for Russia and China to grow stronger and to gather more resources.

Russia and China will not necessarily be better than the United States, but it will be much better when power is evenly distributed and the world becomes multipolar rather than power is concentrated in one entity and the world becomes unipolar.

A multipolar world would give smaller, poorer, weaker nations more choices and a fairer chance of development. Instead of a unipolar world where power is concentrated and abused indiscriminately, and there is little opportunity for smaller nations.

I don't know where you come from but if you come from a country that is under embargo by the US and its allies, you will see how their impositions and restrictions are making the people in that country suffer. This would never have happened if they had other options, and BRICS is the solution.

I am not just for BRICS, I am for a more multipolar world and it would be great if one or more blocs like BRICS emerged.


Title: Re: 11 more countries just joined BRICS this week
Post by: fruktik on July 13, 2025, 06:05:48 AM
BRICS is already a serious enough force that can withstand other coalitions. At this rate, it will be possible to calmly discuss on the world stage that this is not just some crazy people who have gathered, but a serious alliance that will have to be taken into account.

To tell the truth, I could not even imagine that everything would turn out like this. I had an assumption that this association of countries would fall apart after some time, but this did not happen.

Naturally, this infuriates Trump. He will make every attempt to destroy BRICS. He will start with tariffs. What will happen next? Time will tell.


Title: Re: 11 more countries just joined BRICS this week
Post by: uneng on July 13, 2025, 10:38:05 PM


Anyway, I don't cheer BRICS growing, because it means more power for Russia and China. Every other countries participating it are just peons and farms for Russia and China to grow stronger and to gather more resources.

Russia and China will not necessarily be better than the United States, but it will be much better when power is evenly distributed and the world becomes multipolar rather than power is concentrated in one entity and the world becomes unipolar.

A multipolar world would give smaller, poorer, weaker nations more choices and a fairer chance of development. Instead of a unipolar world where power is concentrated and abused indiscriminately, and there is little opportunity for smaller nations.

I don't know where you come from but if you come from a country that is under embargo by the US and its allies, you will see how their impositions and restrictions are making the people in that country suffer. This would never have happened if they had other options, and BRICS is the solution.

I am not just for BRICS, I am for a more multipolar world and it would be great if one or more blocs like BRICS emerged.
BRICS is another unipolar bloc. Nowadays we have two alternatives, two unipolar blocs, and between both I prefer US and EU's side, although Trump is doing his best to destroy what this bloc achieved along the decades. As consequence, I think we are going to see new concepts of economical settings in the world. We are advancing towards a new inedit era. US isn't the same from the 1940's anymore, and may fall for its arrogance.

Countries under embargo by US have more concerning issues to deal with: their own governments, which had embargo imposed to them for good reasons.

My country has just been charged in 50% tariff by Trump. It should be a great opportunity to develop new ways to deal with economy, like you said, through multipolar blocs, but it's never going to happen, because the government is a lacay of China and Russia. So, once again, we are between those two unipolar groups of power...


Title: Re: 11 more countries just joined BRICS this week
Post by: SUPERSAIAN on July 13, 2025, 10:59:20 PM
The expansion of the BRICS, the effort to create an alternative structure in the global balance of power, has indeed presented a promising alternative with its new members. Each of the participating countries is a developing country with strong potential. It's also a tremendous opportunity for developing countries.

With this expansion, the BRICS' potential is also increasing. Some may argue that it's an ineffective initiative, and I agree with them, but remember, it's a very new organization and members are still being added.


Title: Re: 11 more countries just joined BRICS this week
Post by: _BlackStar on July 13, 2025, 11:29:35 PM
BRICS is already a serious enough force that can withstand other coalitions. At this rate, it will be possible to calmly discuss on the world stage that this is not just some crazy people who have gathered, but a serious alliance that will have to be taken into account.

To tell the truth, I could not even imagine that everything would turn out like this. I had an assumption that this association of countries would fall apart after some time, but this did not happen.

Naturally, this infuriates Trump. He will make every attempt to destroy BRICS. He will start with tariffs. What will happen next? Time will tell.
The problem is, the more Trump opposes his policies, the more it becomes clear that the US is losing its dominance. Some countries joining the fray may realize that no single country has to lead forever - dominance must be eliminated, but it's certainly not as easy as it seems. They are clearly very serious about what they are trying to do - this will be a major threat to the US's long-standing dominance of the world.

BRICS was born as a challenger to the global order - but the idea arose because some member countries wanted to reduce their dependence on the dollar. I think the member countries also have their own interests - in fact, China may even become the most dominant country among the existing members.


Title: Re: 11 more countries just joined BRICS this week
Post by: EFS on July 13, 2025, 11:46:23 PM
BRICS is an alternative economic block but the danger is that it might not remain limited to trade and cooperation and could evolve into a military alliance similar to NATO. This could lead to a return to a bipolar world like during the Cold War. The positive side is that there isn't clear ideological divide between these powers. BRICS's expansion policy already shows that they plan to play a more influential role in the future. They started with 5 countries and have already grown significantly.


Title: Re: 11 more countries just joined BRICS this week
Post by: STT on July 13, 2025, 11:50:43 PM
I'm not seeing the threat others might, Brics isnt the Euro or EU its a party for discussion and I hope it builds better links and trade but as yet I dont rate it.
  The EU itself struggles with the differences between countries and that is quite a small compact area yet the range between economies in that coordinated zone is vast and doesnt always work out for the best.   Being rich helps of course but money isnt everything, BRICS can be rich in their productivity and what production that can offer more cheaply then others.
  This matching trade is why I think cohesion and coordination is most key to gearing countries together, it might be something that helps but EU took decades and so I'd expect a long time to develop from here for any similar ambitious project.


Title: Re: 11 more countries just joined BRICS this week
Post by: DanWalker on July 14, 2025, 05:33:52 AM

I can understand America's concerns about the expanding geography of brics, as this could create a global market parallel to the current global trade market. However, I see no reason to fear for the position of the $$$ in the global market as a whole. Even brics member countries, including China and Russia, cannot completely eliminate the use of the US dollar. Likewise, no BRICS country can impose its currency as an alternative to dollar transactions, as this would create a new reality with the same crises, in which we would simply replace the dollar with another currency. Furthermore, it does not look obvious that the brics countries are ready to issue a new unified currency for use in trade.

The goal of BRICS is de-dollarization and that means reducing dependence on the USD, they are not saying that they will completely eliminate USD from international trade.

Although the USD still dominates foreign exchange reserves and trade, its dominance is clearly waning, especially in the first half of 2025. As the value of the US dollar fell more than 10% against a basket of world currencies, it was the worst decline since 1973.

Unlike before, all commercial transactions use USD. But now some countries, especially the BRICS bloc, are using currencies like CNY, RUB instead of USD...so it would be incorrect to say that the position of USD is not under threat.


Title: Re: 11 more countries just joined BRICS this week
Post by: fruktik on July 14, 2025, 06:12:20 AM
The problem is, the more Trump opposes his policies, the more it becomes clear that the US is losing its dominance. Some countries joining the fray may realize that no single country has to lead forever - dominance must be eliminated, but it's certainly not as easy as it seems. They are clearly very serious about what they are trying to do - this will be a major threat to the US's long-standing dominance of the world.

BRICS was born as a challenger to the global order - but the idea arose because some member countries wanted to reduce their dependence on the dollar. I think the member countries also have their own interests - in fact, China may even become the most dominant country among the existing members.
No, China cannot become a dominant country in the current reality. Why? The United States has leverage and influence on this country. After all, the US leadership foresaw such a scenario and drew up a containment plan in time. Remember the case when China began to make some claims there? And what happened? A few days later, the country experienced a severe construction crisis that shook all of China and shocked all residents to the point of horror. And this is just one example of what America can do. Therefore, we should not view China as some kind of superpower that can dictate something. All of China can be plunged into darkness overnight for many years.


Title: Re: 11 more countries just joined BRICS this week
Post by: Die_empty on July 14, 2025, 06:13:41 AM
The expansion of the BRICS, the effort to create an alternative structure in the global balance of power, has indeed presented a promising alternative with its new members. Each of the participating countries is a developing country with strong potential. It's also a tremendous opportunity for developing countries.

With this expansion, the BRICS' potential is also increasing. Some may argue that it's an ineffective initiative, and I agree with them, but remember, it's a very new organization and members are still being added.
The expansion of the group shows that countries have begun to seek alternative partnerships. With the America First policy of the new US government, it will not be surprising to see some European nations joining the alliance. Major trading partners of the US have been hit with high tariffs and are seeking new trading partners that will replace the US market.  Australia's leader Anthony Albanese is visiting China to strengthen trade relations. We have to wait and see what happens in the future because the world needs multiple powerful economic and political organisations


Title: Re: 11 more countries just joined BRICS this week
Post by: Swordsoffreedom on July 14, 2025, 10:08:57 AM

No, China cannot become a dominant country in the current reality. Why? The United States has leverage and influence on this country. After all, the US leadership foresaw such a scenario and drew up a containment plan in time. Remember the case when China began to make some claims there? And what happened? A few days later, the country experienced a severe construction crisis that shook all of China and shocked all residents to the point of horror. And this is just one example of what America can do. Therefore, we should not view China as some kind of superpower that can dictate something. All of China can be plunged into darkness overnight for many years.


I  don't  think the US has the power or holds any trump cards that can sink China as easily as you describe.  China is the world's second largest economy and the only country with the potential to compete with the United States. The US understands that better than anyone and they are using every means to stop China's development  . But it seems it is too late, the only thing they can do is slow down, they cannot stop or destroy China easily.

I believe that sooner or  later  , America's dominance will come to an end because history has proven that nothing lasts forever.


Title: Re: 11 more countries just joined BRICS this week
Post by: pooya87 on July 14, 2025, 01:30:19 PM
I can understand America's concerns about the expanding geography of brics, as this could create a global market parallel to the current global trade market. However, I see no reason to fear for the position of the $$$ in the global market as a whole. Even brics member countries, including China and Russia, cannot completely eliminate the use of the US dollar. Likewise, no BRICS country can impose its currency as an alternative to dollar transactions, as this would create a new reality with the same crises, in which we would simply replace the dollar with another currency. Furthermore, it does not look obvious that the brics countries are ready to issue a new unified currency for use in trade.
There can be a new currency called BRICS!
But you are forgetting that it is not about dollar losing its dominance, it is all about US regime not being able to dictate anything any more. When they can't force Japan for example to destroy its own economy to revive US economy (Plaza Accord thingy), if they can't force the Arabs to give pay them billions in ransom, if they can't force the world to purchase their debt and import their inflation,... all that printed dollar and all that inflation goes back home to roost ...

That makes many products disappear in the shelfs of Walmart and Bestbuy.
In other words the middle class in America is about to be screwed because of Trump's tariff war... No wonder they have been protesting a lot across the US and many have been calling him a fascist!


Title: Re: 11 more countries just joined BRICS this week
Post by: atookz on July 14, 2025, 01:58:39 PM
BRICS has great potential to continue growing and play a significant role in the new world order. As more countries join, BRICS can become an increasingly influential force in shaping the future of the global economy and politics. BRICS needs to continue strengthening internal cooperation and improving policy coordination to address existing challenges. BRICS must also continue to strive to create a more just, inclusive, and sustainable world order so that it can attract other countries to join. I am confident that in the future, more countries, especially developing countries, will continue to join BRICS. This is because BRICS can open broader market access and strengthen economic and diplomatic cooperation.


Title: Re: 11 more countries just joined BRICS this week
Post by: WillyAp on July 14, 2025, 02:01:38 PM

In other words the middle class in America is about to be screwed because of Trump's tariff war... No wonder they have been protesting a lot across the US and many have been calling him a fascist!

No other word needed.
Many protests are staged from his political adversativos.
The only meaningful "protes" was booed out on a world cup game.
https://www.independent.co.uk/sport/football/donald-trump-club-world-cup-chelsea-psg-club-world-cup-b2788308.html


Title: Re: 11 more countries just joined BRICS this week
Post by: armanda90 on July 14, 2025, 02:51:57 PM
I  don't  think the US has the power or holds any trump cards that can sink China as easily as you describe.  China is the world's second largest economy and the only country with the potential to compete with the United States. The US understands that better than anyone and they are using every means to stop China's development  . But it seems it is too late, the only thing they can do is slow down, they cannot stop or destroy China easily.

I believe that sooner or  later  , America's dominance will come to an end because history has proven that nothing lasts forever.
I don't think not easily United State's dominance around the world how easily for them huge pressure the development countries, still remember well when any countries get increasing tariff import product raise up to 30% based on my country Indonesia have adopted last week ago. Still difficult for stopping United State's dominance right now when any countries make new community such as BRICS Donald Trump will increase tariff import for that countries.
I think need bigger power and unity all countries around the world for stopping United State dominance begin from using their own currencies when import or export transaction, have braveness for increasing import tariff for United State product regarding they have many top product needed by the development countries. Seems easily if want and have braveness for stopping US's dominance such as the development countries as consumptive country and US as productive country.


Title: Re: 11 more countries just joined BRICS this week
Post by: coupable on July 14, 2025, 04:09:37 PM
I can understand America's concerns about the expanding geography of brics, as this could create a global market parallel to the current global trade market. However, I see no reason to fear for the position of the $$$ in the global market as a whole. Even brics member countries, including China and Russia, cannot completely eliminate the use of the US dollar. Likewise, no BRICS country can impose its currency as an alternative to dollar transactions, as this would create a new reality with the same crises, in which we would simply replace the dollar with another currency. Furthermore, it does not look obvious that the brics countries are ready to issue a new unified currency for use in trade.
There can be a new currency called BRICS!
But you are forgetting that it is not about dollar losing its dominance, it is all about US regime not being able to dictate anything any more.
Is it really that easy to issue a new unified currency among member countries of a bloc that will always remain subject to change? Who (which entity) will issue the currency? On what basis will its value be determined? How will the negative effects of the new currency on the local currencies of brics members be addressed? The only bloc in history that has succeeded in issuing a unified currency is the EU, and we can see the negative consequences of this on European economies. It has also failed to reduce dependence on the dollar.

I know that none of these ambitious ideas will succeed in displacing the dollar, and I also know that the dollar is the key to American dominance. I do not believe that a new currency will be able to tip the scales. Let's not forget that brics countries themselves are stucked with the US dollar. For example, China, the largest holder of US bonds in the world, and those bonds are denominated in dollars, means a decline in the influence of the dollar, which as a result of the decline in the value of the dollar, has negative consequences for the brics countries themselves.


Title: Re: 11 more countries just joined BRICS this week
Post by: cxtreenal on July 14, 2025, 04:44:27 PM
Although the purpose of forming BRICS is honest, the United States has reacted strongly to this alliance and has been threatening to impose additional tariffs. If the number of member countries of this alliance increases, it will anger Trump even more. One of the objectives of the alliance is to increase trade cooperation, but America is interpreting it differently. Another great objective of BRICS is to introduce an alternative currency system with partner countries which can reduce pressure on the dollar significantly. This can lead to a massive fall in the US dollar. That is why the US President has taken a stand against this alliance and is in favor of economic sanctions. If the member countries of this common alliance can introduce a separate currency system, it can be a slap in the face for Trump.

Poor and development countries are dependent on strong countries for financial assistance, especially on their friends states, including the United States, and therefore they do not want to anger those countries. It should be hoped that the expansion efforts of BRICS will bring impressive results for the world economy in the future.


Title: Re: 11 more countries just joined BRICS this week
Post by: tottong on July 15, 2025, 02:10:42 AM
BRICS has great potential to continue growing and play a significant role in the new world order. As more countries join, BRICS can become an increasingly influential force in shaping the future of the global economy and politics. BRICS needs to continue strengthening internal cooperation and improving policy coordination to address existing challenges. BRICS must also continue to strive to create a more just, inclusive, and sustainable world order so that it can attract other countries to join. I am confident that in the future, more countries, especially developing countries, will continue to join BRICS. This is because BRICS can open broader market access and strengthen economic and diplomatic cooperation.

This polarization was created as a step to find solutions to global trade, cooperation, economics, and politics for each joining country. If I understand correctly, BRICS itself also provides the option of trading using its own currency so that each country feels sufficiently advantaged.
Some observers even say this concept is inseparable from efforts to eliminate the power of the dollar in global trade, as using such a method would be very detrimental to most countries.

Opening broader market access depends heavily on each participating country, as market access depends on the export value of whatever commodity each country is trying to offer.
This step is indeed a good one, as it provides space for each country to seek independence in any form of cooperative relationship.


Title: Re: 11 more countries just joined BRICS this week
Post by: EarnOnVictor on July 15, 2025, 06:06:03 AM
BRICS is an alternative economic block but the danger is that it might not remain limited to trade and cooperation and could evolve into a military alliance similar to NATO. This could lead to a return to a bipolar world like during the Cold War. The positive side is that there isn't clear ideological divide between these powers. BRICS's expansion policy already shows that they plan to play a more influential role in the future. They started with 5 countries and have already grown significantly.
The BRICS conversion rate was initially slow, but it only got more serious due to Trump's ignoble acts. Trump doesn't know what leadership entails, so expect more countries to join BRICS during his tenure.

Like you, I fear for the military cooperation beyond the economic and political alliance, but at the same time, most of the countries in BRICS are also for the US-led organisations, and are even relying on the US support for many things. This will weaken the ability of BRICS to be used as a military organisation because the loyalty can't be ascertained by anyone.

Many of these countries are powerless militarily too, while an example like India and China are common foes. Even the recent India-Pakistan war was reported that Pakistan used Chinese weapons which being silently supported (how to use) by the Chinese during the war. All these continue to cast doubts on the relationship over time.


Title: Re: 11 more countries just joined BRICS this week
Post by: WillyAp on July 15, 2025, 05:15:58 PM
Opening broader market access depends heavily on each participating country, as market access depends on the export value of whatever commodity each country is trying to offer.
This step is indeed a good one, as it provides space for each country to seek independence in any form of cooperative relationship.

A long way to go.

List of the 210 countries using the swift system.
https://www.bank-codes.com/countries


Title: Re: 11 more countries just joined BRICS this week
Post by: pooya87 on July 16, 2025, 01:19:23 PM
Is it really that easy to issue a new unified currency among member countries of a bloc that will always remain subject to change? Who (which entity) will issue the currency? On what basis will its value be determined? How will the negative effects of the new currency on the local currencies of brics members be addressed? The only bloc in history that has succeeded in issuing a unified currency is the EU, and we can see the negative consequences of this on European economies. It has also failed to reduce dependence on the dollar.
It will definitely not be easy. But euro is a good example. It was established among tiny countries that were at war with each other for over a century (2 biggest ones they call WW1 and WW2) and yet they managed to create euro amongst themselves.
I dare say BRICS currency would be easier than that because first of all these countries were never really at war with each other at the level and it also doesn't need to be used as each nation's legal tender, it could be a currency for international trades only.

We have to wait and see where it goes though, at this point we are only speculating as we watch the progress...

Quote
For example, China, the largest holder of US bonds in the world,
China used to be the biggest bag-holder of US bonds holding IIRC $1.6 trillion of US debt. They've been dumping it slowly but surely though. Pretty much starting the dump since around 2014 (when WW5 entered a new phase). Today they are bag-holding around $0.75 trillion and are ranked third among the bag-holders (Japan is the first with $1.1 trillion, UK is second with $0.807 trillion bonds).

P.S. One of the reasons why FED doesn't doesn't reduce the interest rate is to prevent this dump!


Title: Re: 11 more countries just joined BRICS this week
Post by: Macro Exchange on July 16, 2025, 02:16:49 PM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)
Half the world’s population and still can’t build a working alternative to SWIFT. Sounds more like a geopolitical book club than a real economic bloc.


Title: Re: 11 more countries just joined BRICS this week
Post by: fuguebtc on July 16, 2025, 03:35:19 PM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)
Half the world’s population and still can’t build a working alternative to SWIFT. Sounds more like a geopolitical book club than a real economic bloc.


Although BRICS has been around for a while, in the early stages their goal was to develop and boost each other's economies together. But over time, they gradually realized that the world's dependence on the USD had inadvertently given the US supreme power and they were using it indiscriminately. They abuse them for their own benefit, not for the common good of the world as they said before.

The idea of de-dollarization also started there, and BRICS seeks to reduce dependence on USD, otherwise things will soon get worse as the US increasingly abuses its power. Therefore, they have experienced some delays in implementing new monetary systems as well as in choosing a new currency to replace the USD. Not to mention, the pressure from the post-Covid global uncertainty combined with US resistance makes some delays understandable.


Title: Re: 11 more countries just joined BRICS this week
Post by: DanWalker on July 16, 2025, 05:50:06 PM

This polarization was created as a step to find solutions to global trade, cooperation, economics, and politics for each joining country. If I understand correctly, BRICS itself also provides the option of trading using its own currency so that each country feels sufficiently advantaged.
Some observers even say this concept is inseparable from efforts to eliminate the power of the dollar in global trade, as using such a method would be very detrimental to most countries.
Opening broader market access depends heavily on each participating country, as market access depends on the export value of whatever commodity each country is trying to offer.
This step is indeed a good one, as it provides space for each country to seek independence in any form of cooperative relationship.

BRICS is probably the biggest step taken to have self-sufficiency and moving away from dollar, now 11 countries, representing 40% of the global economy and 50% of world population. afaik they are busy uplifting local currency trade near around 90% intra-BRICS short out in member currencies, also brought BRICS Pay to make it faster. Still i have doubt cause internal policy differences and China's dominant influence could hinder cohesion. China wants to be one of the biggest superpower in the world. I think China is already an economical superpower. So of course they will try to leverage that somehow. If they pull it off, it could reshape global trade dynamics, for that they will have to work together


Title: Re: 11 more countries just joined BRICS this week
Post by: yhiaali3 on July 16, 2025, 06:12:10 PM
BRICS is constantly expanding, with new countries joining the alliance. Indeed, the BRICS alliance now represents half of the world's population. But is this alliance capable of confronting the United States and its partners?

So far, despite this massive gathering, I don't see any real impact of the BRICS alliance on the global economy, particularly against the United States. I also don't see any threat to the dollar's dominance. Some BRICS countries are reluctant to abandon the dollar's dominance because they don't want to antagonize the United States and the West excessively.

Last year, Russia proposed creating a new payments system based on a network of commercial banks linked together through the BRICS central banks, but to my knowledge, this proposal has not yet seen the light of day.


Title: Re: 11 more countries just joined BRICS this week
Post by: laijsica on July 17, 2025, 03:09:36 AM
BRICS has great potential to continue growing and play a significant role in the new world order. As more countries join, BRICS can become an increasingly influential force in shaping the future of the global economy and politics. BRICS needs to continue strengthening internal cooperation and improving policy coordination to address existing challenges. BRICS must also continue to strive to create a more just, inclusive, and sustainable world order so that it can attract other countries to join. I am confident that in the future, more countries, especially developing countries, will continue to join BRICS. This is because BRICS can open broader market access and strengthen economic and diplomatic cooperation.
This polarization was created as a step to find solutions to global trade, cooperation, economics, and politics for each joining country. If I understand correctly, BRICS itself also provides the option of trading using its own currency so that each country feels sufficiently advantaged.
Some observers even say this concept is inseparable from efforts to eliminate the power of the dollar in global trade, as using such a method would be very detrimental to most countries.
Opening broader market access depends heavily on each participating country, as market access depends on the export value of whatever commodity each country is trying to offer.
This step is indeed a good one, as it provides space for each country to seek independence in any form of cooperative relationship.

BRICS is probably the biggest step taken to have self-sufficiency and moving away from dollar, now 11 countries, representing 40% of the global economy and 50% of world population. afaik they are busy uplifting local currency trade near around 90% intra-BRICS short out in member currencies, also brought BRICS Pay to make it faster. Still i have doubt cause internal policy differences and China's dominant influence could hinder cohesion. China wants to be one of the biggest superpower in the world. I think China is already an economical superpower. So of course they will try to leverage that somehow. If they pull it off, it could reshape global trade dynamics, for that they will have to work together
China and Russia are trying to involve other countries in the world, either in terms of alternative thinking to the dollar/formation of economic alliances or in any way to implement the underlying strategy, but this is not an easy matter, it involves a huge equation of interests and world politics. Small and weak countries will not be able to free themselves from US influence so easily because they are already influencing and financially supporting every level of the state. China controls approximately about 19% of the global economy's GDP and the US controls about 24%-26%. BRICS can try to pull those weak countries out of US influence, especially if China and Russia play a more leading role but this will lead to a complex equation.

Therefore, the process through which the balance of power is being tried is likely to be successful in stages because the relationship between the United States and NATO countries has deteriorated and distance has been created due to the war with Ukraine and Russia.


Title: Re: 11 more countries just joined BRICS this week
Post by: DanWalker on July 17, 2025, 03:58:01 AM

China and Russia are trying to involve other countries in the world, either in terms of alternative thinking to the dollar/formation of economic alliances or in any way to implement the underlying strategy, but this is not an easy matter, it involves a huge equation of interests and world politics. Small and weak countries will not be able to free themselves from US influence so easily because they are already influencing and financially supporting every level of the state. China controls approximately about 19% of the global economy's GDP and the US controls about 24%-26%. BRICS can try to pull those weak countries out of US influence, especially if China and Russia play a more leading role but this will lead to a complex equation.

Therefore, the process through which the balance of power is being tried is likely to be successful in stages because the relationship between the United States and NATO countries has deteriorated and distance has been created due to the war with Ukraine and Russia.

I used to think it was a huge challenge and an impossible task, but with what Trump is doing and what America is facing. I believe that de-dollarization is happening faster than ever.


The evidence is that more and more countries want to become members and partners of bloc as well as the decline of USD in global foreign exchange reserves, international trade transactions or the value of USD compared to the world currency basket...That shows that the de-dollarization process is happening very quickly.

But the problem is that changing the balance of world power, the world economy will take decades, it cannot happen in 1 or 2 years. Many people do not understand this issue and think that BRICS is quite slow or has difficulty in building a multipolar world.


Title: Re: 11 more countries just joined BRICS this week
Post by: WillyAp on July 17, 2025, 12:24:30 PM


I used to think it was a huge challenge and an impossible task, but with what Trump is doing and what America is facing. I believe that de-dollarization is happening faster than ever.

I bet he knows that, He also knows that going on as before it'll be inevitable. He only speeds up the process.
The advantage of the US$ is due to the not so thought through way the fees developed in Bitcoin, the spread in 10 of thousand alternative cryptos.


Title: Re: 11 more countries just joined BRICS this week
Post by: Olatundespo on July 17, 2025, 03:27:23 PM

China and Russia are trying to involve other countries in the world, either in terms of alternative thinking to the dollar/formation of economic alliances or in any way to implement the underlying strategy, but this is not an easy matter, it involves a huge equation of interests and world politics. Small and weak countries will not be able to free themselves from US influence so easily because they are already influencing and financially supporting every level of the state. China controls approximately about 19% of the global economy's GDP and the US controls about 24%-26%. BRICS can try to pull those weak countries out of US influence, especially if China and Russia play a more leading role but this will lead to a complex equation.

Therefore, the process through which the balance of power is being tried is likely to be successful in stages because the relationship between the United States and NATO countries has deteriorated and distance has been created due to the war with Ukraine and Russia.

I used to think it was a huge challenge and an impossible task, but with what Trump is doing and what America is facing. I believe that de-dollarization is happening faster than ever.


The evidence is that more and more countries want to become members and partners of bloc as well as the decline of USD in global foreign exchange reserves, international trade transactions or the value of USD compared to the world currency basket...That shows that the de-dollarization process is happening very quickly.

But the problem is that changing the balance of world power, the world economy will take decades, it cannot happen in 1 or 2 years. Many people do not understand this issue and think that BRICS is quite slow or has difficulty in building a multipolar world.
We have to wait more to bring about the balance of world power, I think it is actually possible before the third world war. China is gaining strength but they do not want to use/exhaust their strength. China is against Taiwan's autonomy but America is providing Taiwan with logistical support and weapons. Most of the countries in Africa are still under US domination. The oil-rich countries in the Middle East do not take any action outside of US decisions and they unilaterally accept US domination.

After the trade war between the US and China started in 2018, China adopted a strategy to become self-reliant and try to reduce its dependence on the dollar and they are very confident of succeeding in this effort. Their intention to form BRICS with other countries including Russia and India be part of their far-reaching efforts.

You are right that more and more countries in the world are ready to become members of this bloc, but how successfully they will be able to extricate themselves from US polarization is a matter of some doubt. However, it is certain that more and more countries are preparing to develop alternative currency systems to the dollar and they may succeed in the future.


Title: Re: 11 more countries just joined BRICS this week
Post by: dezoel on July 17, 2025, 05:45:21 PM
I used to think it was a huge challenge and an impossible task, but with what Trump is doing and what America is facing. I believe that de-dollarization is happening faster than ever.

The evidence is that more and more countries want to become members and partners of bloc as well as the decline of USD in global foreign exchange reserves, international trade transactions or the value of USD compared to the world currency basket...That shows that the de-dollarization process is happening very quickly.

But the problem is that changing the balance of world power, the world economy will take decades, it cannot happen in 1 or 2 years. Many people do not understand this issue and think that BRICS is quite slow or has difficulty in building a multipolar world.
De-dollarization is possible and things are heading for this as well but still keep one thing in mind it's not going to happen in few years it needed decades because it's never been easy to challenge their power while confidence level in BRICS is still not good.

Few things were needed to be done in early parts which can give them good success but as few countries always player their double role it's not easy for them to stick with China and Russia policies which are not helpful for few countries in trading way China always give priority to their own interest and Russia is looking for friends due to their own conflicts while other countries those are with them surely can't support them without having solid development. I read many are talking about their single currency which is not possible because they are not near and have some other problems which can give them more problems, but they can go with Bitcoin which is now also not easy due to few bans.


Title: Re: 11 more countries just joined BRICS this week
Post by: Abiky on July 17, 2025, 07:25:37 PM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)

The BRICS can add as many members as it wants, but ultimately, the US has the final say. So long as the USD remains the reserve currency of the world. One way or another, countries need the USD to survive. It's hard to make use of another currency that would challenge the USD. I'd bet the next country to join the bloc is Venezuela.

Right now the USD is showing signs of weakness, so "de-dollarization" efforts would only accelerate. Especially now that Trump is threatening to fire FED chair Jerome Powell and threatening other countries with additional tariffs. This will only make countries reject the USD even more. Confidence among investors will be lost, due to the US' economic uncertainty. Without money pouring into US treasuries and bonds, the country will be doomed. It will be forced to default on its debt. Perhaps, the BRICS will survive and live alongside the EU bloc for generations. We never know what the future holds, so anything's possible.


Title: Re: 11 more countries just joined BRICS this week
Post by: Muba20 on July 17, 2025, 08:56:30 PM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)
Half the world’s population and still can’t build a working alternative to SWIFT. Sounds more like a geopolitical book club than a real economic bloc.

It will definitely take some time to get out of a system that has been in place for a long time. BRICS has already started working. Among BRICS countries, Russia and China are using their own payment system, which we can think of as an alternative to SWIFT in their own countries and have launched international payment systems.

CIPS (Cross-Border Interbank Payment System) is a system made by China.

SPFS (System for Transfer of Financial Messages) is a system made by Russia.


https://www.middleeastmonitor.com/20250403-25-countries-join-russias-payment-system-as-an-alternative-to-swift/

https://statrys.com/blog/what-is-cips-china

Some Russian banks have been restricted from SWIFT for a long time, some of the other banks conducting their business. But they are finding alternative. We can easily understand that it will not be difficult to operate without SWIFT but temporary problems will have to be faced. BRICS member countries are increasing. If almost half of the world's population is included in this coverage or many countries are added here, then finding an alternative to SWIFT is not a problem. Many countries are still outside BRICS, but they have started coming. As new countries join BRICS, their control over raw materials, markets and geographical position has become more powerful.

BRICS is carrying out its activities extensively and they are doing everything smoothly to keep their position more stable worldwide. That is why we need to give more time considering the global situation as we are moving forward as fast as we can. But it is certain that this organization is moving forward on the right track.


Title: Re: 11 more countries just joined BRICS this week
Post by: pooya87 on July 18, 2025, 02:58:00 AM
Half the world’s population and still can’t build a working alternative to SWIFT. Sounds more like a geopolitical book club than a real economic bloc.
You should make your expectations more realistic. It is like saying after 16 years bitcoin is still not $1 million dollar!

Establishing a New World Order is not going to happen overnight, like previous times. It will take years and will be accompanied with a lot of conflict. The wars you see in 3 continents today are the result of that.

But it is happening and it is inevitable...


Title: Re: 11 more countries just joined BRICS this week
Post by: Abiky on July 19, 2025, 01:00:10 AM
It will definitely take some time to get out of a system that has been in place for a long time. BRICS has already started working. Among BRICS countries, Russia and China are using their own payment system, which we can think of as an alternative to SWIFT in their own countries and have launched international payment systems.

CIPS (Cross-Border Interbank Payment System) is a system made by China.

SPFS (System for Transfer of Financial Messages) is a system made by Russia.


https://www.middleeastmonitor.com/20250403-25-countries-join-russias-payment-system-as-an-alternative-to-swift/

https://statrys.com/blog/what-is-cips-china?utm_source

Some Russian banks have been restricted from SWIFT for a long time, some of the other banks conducting their business. But they are finding alternative. We can easily understand that it will not be difficult to operate without SWIFT but temporary problems will have to be faced. BRICS member countries are increasing. If almost half of the world's population is included in this coverage or many countries are added here, then finding an alternative to SWIFT is not a problem. Many countries are still outside BRICS, but they have started coming. As new countries join BRICS, their control over raw materials, markets and geographical position has become more powerful.

BRICS is carrying out its activities extensively and they are doing everything smoothly to keep their position more stable worldwide. That is why we need to give more time considering the global situation as we are moving forward as fast as we can. But it is certain that this organization is moving forward on the right track.

But do these alternative payment systems make use of crypto/Blockchain tech? I doubt it. Meanwhile, the US is moving one step forward by enacting pro-crypto policies under President Donald Trump's leadership. With stablecoins poised to become de-facto USD digital Fiat currencies, the USD's dominance will only strengthen over time. It's no secret that USD-based stablecoins dominate the crypto market. And if the FED backs the USD with BTC, things will be even better.

How will BRICS be able to compete with this? The bloc needs to adopt Blockchain tech at its fullest to stay at the forefront of innovation. China has a CBDC, but other countries within the bloc are lacking behind. Not sure if the Chinese Yuan (now e-CNY) would be able to become the standard medium of exchange among BRICS countries. We'll see if they'll be able to de-throne the USD in the long run.


Title: Re: 11 more countries just joined BRICS this week
Post by: Muba20 on July 19, 2025, 11:28:14 AM
It will definitely take some time to get out of a system that has been in place for a long time. BRICS has already started working. Among BRICS countries, Russia and China are using their own payment system, which we can think of as an alternative to SWIFT in their own countries and have launched international payment systems.

CIPS (Cross-Border Interbank Payment System) is a system made by China.

SPFS (System for Transfer of Financial Messages) is a system made by Russia.


https://www.middleeastmonitor.com/20250403-25-countries-join-russias-payment-system-as-an-alternative-to-swift/

https://statrys.com/blog/what-is-cips-china?utm_source

Some Russian banks have been restricted from SWIFT for a long time, some of the other banks conducting their business. But they are finding alternative. We can easily understand that it will not be difficult to operate without SWIFT but temporary problems will have to be faced. BRICS member countries are increasing. If almost half of the world's population is included in this coverage or many countries are added here, then finding an alternative to SWIFT is not a problem. Many countries are still outside BRICS, but they have started coming. As new countries join BRICS, their control over raw materials, markets and geographical position has become more powerful.

BRICS is carrying out its activities extensively and they are doing everything smoothly to keep their position more stable worldwide. That is why we need to give more time considering the global situation as we are moving forward as fast as we can. But it is certain that this organization is moving forward on the right track.

But do these alternative payment systems make use of crypto/Blockchain tech? I doubt it. Meanwhile, the US is moving one step forward by enacting pro-crypto policies under President Donald Trump's leadership. With stablecoins poised to become de-facto USD digital Fiat currencies, the USD's dominance will only strengthen over time. It's no secret that USD-based stablecoins dominate the crypto market. And if the FED backs the USD with BTC, things will be even better.

How will BRICS be able to compete with this? The bloc needs to adopt Blockchain tech at its fullest to stay at the forefront of innovation. China has a CBDC, but other countries within the bloc are lacking behind. Not sure if the Chinese Yuan (now e-CNY) would be able to become the standard medium of exchange among BRICS countries. We'll see if they'll be able to de-throne the USD in the long run.
You have mentioned some important points. Due to the repeated changes in the leadership of the United States of America, there are also various changes in the policy. It cannot be said that the policy taken by Donald Trump today will be same in the future. If we review the various policies of the Biden administration, then the matter can be clear. Here, BRICS is working as an alliance that is designed to be free from US dominance. They will definitely develop a system that can be used in the countries based on this alliance, as well as other countries so that they can take advantage of it and later develop such a sovereign and independent payment system. Even if they do not innovate anything based on blockchain at the moment, it cannot be said that they will not do that in the future. They are forming an alliance and they will gradually find alternatives to everything. If we want to solve these issues very quickly, it is not possible. From my opinion, I can say that in the future, BRICS will definitely be interested in using blockchain technology along with other payment systems.


Title: Re: 11 more countries just joined BRICS this week
Post by: Die_empty on July 20, 2025, 11:00:17 AM

Half the world’s population and still can’t build a working alternative to SWIFT. Sounds more like a geopolitical book club than a real economic bloc.

The move to create an alternative to SWIFT might be slow but it's gradually gaining momentum. BRICS Pay is a payment platform used by member nations for financial transactions without using SWIFT. Since 2023 Brazil and China have eliminated the use of dollars for trade. Rather, trade deals are settled with local currencies. China and India also have agreements to adopt local currencies in their trade deals. Other countries are also adopting the same strategy to bypass the Western-controlled payment system.

https://m.economictimes.com/news/economy/foreign-trade/india-china-have-agreed-to-cooperate-in-paying-in-local-currency-for-imports-maldives/articleshow/110329147.cms

https://www.lexology.com/library/detail.aspx?g=db9df4b9-2b1d-48a7-be4d-ef74ff375d79#:~:text=In%20March%202023%2C%20Brazil%20and,trade%20in%20their%20local%20currencies.


Title: Re: 11 more countries just joined BRICS this week
Post by: jostorres on July 20, 2025, 01:40:00 PM
But do these alternative payment systems make use of crypto/Blockchain tech? I doubt it. Meanwhile, the US is moving one step forward by enacting pro-crypto policies under President Donald Trump's leadership. With stablecoins poised to become de-facto USD digital Fiat currencies, the USD's dominance will only strengthen over time. It's no secret that USD-based stablecoins dominate the crypto market. And if the FED backs the USD with BTC, things will be even better.

How will BRICS be able to compete with this? The bloc needs to adopt Blockchain tech at its fullest to stay at the forefront of innovation. China has a CBDC, but other countries within the bloc are lacking behind. Not sure if the Chinese Yuan (now e-CNY) would be able to become the standard medium of exchange among BRICS countries. We'll see if they'll be able to de-throne the USD in the long run.
They "say" they are going to, but they do not. Most nations have "some" pro-crypto moves, like for example when Russians faced account freezing and sanctions, they used bitcoin to move their money from other nations back into Russia, a lot of millionaires and billionaires moved their money that way, while it was risky because of the size of the amount, they probably did it piece by piece, so if anything ever happens, it would be small amount that gets lost.

So, do we call Russia pro-crypto too? Of course not, not yet at least, they may become one in the future. USA allows people to trade, and own, and they say they will start crypto treasury investment too, but they haven't yet, just because they "said" it, does it mean they already do? Of course not.


Title: Re: 11 more countries just joined BRICS this week
Post by: Btcalysis on July 20, 2025, 04:31:56 PM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)
Half the world’s population and still can’t build a working alternative to SWIFT. Sounds more like a geopolitical book club than a real economic bloc.


Although BRICS has been around for a while, in the early stages their goal was to develop and boost each other's economies together. But over time, they gradually realized that the world's dependence on the USD had inadvertently given the US supreme power and they were using it indiscriminately. They abuse them for their own benefit, not for the common good of the world as they said before.
You made a mistake, the US is not abusing the USD, you can cite an example of how they abuse it for clarity. The US power and dominance over the world economy and political space is difference from the USD itself. If the US is manipulating the USD, it is the same as manipulating the world market, this will be be an abuse that the punishment will be severe, no one would trust the USD again, so they don't dare, the consequence will be dire.

But political power and economic dominance? Yes, we can say the US is somewhat flexes muscle on this. It become clearer and annoying during Trump's administration and the reason BRICS was formed to strengthen a rebellious alliance against the US and the USD. Not that the USD is being abused by the US, but to reduce the strong dominance in the world market. Too much power that wants to be diluted is the main goal of de-dollarization. This is fair in every political and economic setting to avoid being overused.


Title: Re: 11 more countries just joined BRICS this week
Post by: Spinning99 on July 20, 2025, 04:43:47 PM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)
Half the world’s population and still can’t build a working alternative to SWIFT. Sounds more like a geopolitical book club than a real economic bloc.
Although BRICS has been around for a while, in the early stages their goal was to develop and boost each other's economies together. But over time, they gradually realized that the world's dependence on the USD had inadvertently given the US supreme power and they were using it indiscriminately. They abuse them for their own benefit, not for the common good of the world as they said before.
You made a mistake, the US is not abusing the USD, you can cite an example of how they abuse it for clarity. The US power and dominance over the world economy and political space is difference from the USD itself. If the US is manipulating the USD, it is the same as manipulating the world market, this will be be an abuse that the punishment will be severe, no one would trust the USD again, so they don't dare, the consequence will be dire.
Once USD has become a global currency the people in power had a responsibility to act properly and fairly. Massive printing by the US devalues everyone's balance sheet of USD. Sanctioning individuals or countries from the dollar or from the global system because they don't do something that you want them to do is also bad and abusive. The consequence of this kind of behavior is the gradual downfall of USA and the de-dollarization of the world. You're witnessing it in person.

I can't blame the US only though, most countries would abuse this power if they had it especially the EU. A world with many competing currencies is a world with better balance.


Title: Re: 11 more countries just joined BRICS this week
Post by: justdimin on July 22, 2025, 02:33:00 PM
The move to create an alternative to SWIFT might be slow but it's gradually gaining momentum. BRICS Pay is a payment platform used by member nations for financial transactions without using SWIFT. Since 2023 Brazil and China have eliminated the use of dollars for trade. Rather, trade deals are settled with local currencies. China and India also have agreements to adopt local currencies in their trade deals. Other countries are also adopting the same strategy to bypass the Western-controlled payment system.
That will not be easy at all. It is going to take years. And I said this before, I am saying it again, if they ever go towards "one currency" route, they will be fucked, they are not going to get any better.

Because Euro zone did that with a currency of Euro, and in return, many nations got hurt because of it. I am telling you, this BRICS thing is very tough to do, but they were also forced to do, because west basically removed these nations from participating, so they are building their own, there isn't a mistake there, they should be doing it. I bet that they are going to get a great result from all of this. It's not going to be easy, it's going to be incredibly difficult, but we are going to get a great result one way or another.


Title: Re: 11 more countries just joined BRICS this week
Post by: Abiky on July 23, 2025, 01:17:46 AM
The move to create an alternative to SWIFT might be slow but it's gradually gaining momentum. BRICS Pay is a payment platform used by member nations for financial transactions without using SWIFT. Since 2023 Brazil and China have eliminated the use of dollars for trade. Rather, trade deals are settled with local currencies. China and India also have agreements to adopt local currencies in their trade deals. Other countries are also adopting the same strategy to bypass the Western-controlled payment system.

https://m.economictimes.com/news/economy/foreign-trade/india-china-have-agreed-to-cooperate-in-paying-in-local-currency-for-imports-maldives/articleshow/110329147.cms

https://www.lexology.com/library/detail.aspx?g=db9df4b9-2b1d-48a7-be4d-ef74ff375d79#:~:text=In%20March%202023%2C%20Brazil%20and,trade%20in%20their%20local%20currencies.

Well, if BRICS Pay doesn't make use of a Blockchain then it will be as inefficient as its counterpart. BRICS needs to show superiority. And what better way to do this than making use of the latest technologies? A Blockchain-powered payments system would be truly-unstoppable. It would be even better if BRICS used a single currency for transfers that's backed by Bitcoin. The possibilities are endless.

Donald Trump's actions will only fuel "de-dollarization" efforts. I guess it's too late to put a stop to BRICS. Not even higher tariffs will do the trick. We're living in uncertain times, so anything's possible.


Title: Re: 11 more countries just joined BRICS this week
Post by: pooya87 on July 23, 2025, 05:25:29 AM
And if the FED backs the USD with BTC, things will be even better.
That's obviously not possible!
They have $37 trillion debt and are creating $1 trillion more debt every 2-3 months now. Not only they can't back that with bitcoin but the entire global economy can't cover that!

In fact this is the reason why USD is becoming weaker every day. And of course one of the main reasons why the world is slowly abandoning the dollar.

Well, if BRICS Pay doesn't make use of a Blockchain then it will be as inefficient as its counterpart.
Blockchain is the worst option for any payment system that is not decentralized like bitcoin and obviously none of these international payment systems can ever be decentralized. It is just too inefficient to use. The only reason why it works for something like Bitcoin is because its other advantages (decentralized, censorship resistant, deflationary, irreversible transactions, etc.) negates all the disadvantages of blockchain.


Title: Re: 11 more countries just joined BRICS this week
Post by: Alpen on July 23, 2025, 10:09:18 AM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)

I personally think China will eventually leave BRICS. It’ll be really interesting to see what’s left of this bloc if that happens.


Title: Re: 11 more countries just joined BRICS this week
Post by: pooya87 on July 24, 2025, 04:51:44 AM
I personally think China will eventually leave BRICS.
This could be an interesting opinion if you added some logic to it and try to explain why you think China would leave something they were one of the main founders of and is benefiting them greatly.


Title: Re: 11 more countries just joined BRICS this week
Post by: fruktik on July 24, 2025, 05:00:03 AM
I personally think China will eventually leave BRICS. It’ll be really interesting to see what’s left of this bloc if that happens.
A coalition of countries has been formed, each with a dictatorship and a simply terrible regime of human existence. There are no rights or freedoms. The most nightmarish regimes have decided to announce themselves to the whole world, designating themselves as shitty states. They have shown everyone an example of what not to do in the modern world.

So what will come out of this union? Where is at least some result of their cooperation? They still buy goods for dollars, don't they? So many years have passed since their creation, but they are still marking time. And why? Because each usurper is pulling the blanket over himself.


Title: Re: 11 more countries just joined BRICS this week
Post by: laijsica on July 24, 2025, 05:32:53 AM
I personally think China will eventually leave BRICS. It’ll be really interesting to see what’s left of this bloc if that happens.
A coalition of countries has been formed, each with a dictatorship and a simply terrible regime of human existence. There are no rights or freedoms. The most nightmarish regimes have decided to announce themselves to the whole world, designating themselves as shitty states. They have shown everyone an example of what not to do in the modern world.

So what will come out of this union? Where is at least some result of their cooperation? They still buy goods for dollars, don't they? So many years have passed since their creation, but they are still marking time. And why? Because each usurper is pulling the blanket over himself.
You are right that the leaders of those countries are trying to hold on to power with their dictatorial methods and are imposing their exclusive power on the people. The most interesting thing is that they are still buying and selling in dollars and have not yet secured a strong position in alternative currencies. Yes, they are trying systematically to trade among themselves and have started on a small scale, but this cannot provide any solution to the limitations of other alliance countries. If America imposes more tariffs on other weak countries, a terrible situation may arise for the people of their countries. Manufacturing factories will close, thousands of people will be unemployed and start becoming poor.

Alliance formation and alternative policies have not yet seen the light of day. The main reason for this is that Trump's trade and tariff policy amendments and their implementation will further paralyze those countries. Underdeveloped countries will not want to take a strong position against strong countries.


Title: Re: 11 more countries just joined BRICS this week
Post by: PremiumcryptoHub on July 24, 2025, 07:46:00 AM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)

I personally think China will eventually leave BRICS. It’ll be really interesting to see what’s left of this bloc if that happens.
Don't forget that China is one of its founders and no decision has been made that the South Asian country will leave the group. Moreover I think that China is the driving force behind the BRICS and they are even playing an important role in all areas. Even among the countries in this organization, China is playing a leading role in all areas be it trade or investment.

By the way you should also know that the BRICS members are now operating a banking payment system with China, which actually allows them to use China's own fiat currency instead of the dollar. It is even worth noting that Iran and Brazil are already ahead in this regard, which is why they use Chinese currency when purchasing imports there.

China’s Growing Influence from BRICS Expansion (https://emoryeconomicsreview.org/articles/2025/1/17/chinas-growing-influence-from-brics-expansion)


Title: Re: 11 more countries just joined BRICS this week
Post by: Alpen on July 24, 2025, 08:37:17 AM
This could be an interesting opinion if you added some logic to it and try to explain why you think China would leave something they were one of the main founders of and is benefiting them greatly.
China founded BRICS because nobody was inviting it to the “grown-ups club” — the G7. Developed countries still don’t see China as an equal. At some point, Xi Jinping, wearing his ‘eternal Mao’ suit, decided to flex muscles by expanding BRICS with a bunch of raw-material satellites — to shake the dollar’s dominance.

But the moment this expansion started smelling like real responsibility and potential loss of access to US and EU markets, China quietly stepped back. That’s how it works.
So what will come out of this union? Where is at least some result of their cooperation? They still buy goods for dollars, don't they? So many years have passed since their creation, but they are still marking time. And why? Because each usurper is pulling the blanket over himself.
I completely agree with you, but I’d add that this whole bloc isn’t really about real economic results — it’s more of a cover to justify their own authoritarian regimes.

By the way you should also know that the BRICS members are now operating a banking payment system with China, which actually allows them to use China's own fiat currency instead of the dollar. It is even worth noting that Iran and Brazil are already ahead in this regard, which is why they use Chinese currency when purchasing imports there.

That’s exactly why Iran is now getting American and Israeli bombs, and Brazil is facing 50% export tariffs. And I don’t see any real action from China, apart from empty words of support for its so-called allies.

Now China has only two options left: either forget about BRICS and reboot Deng Xiaoping’s doctrine again — or get its own share of bombs. And honestly, I think they’ll choose both, paradoxical as it sounds.


Title: Re: 11 more countries just joined BRICS this week
Post by: Muba20 on July 24, 2025, 12:31:52 PM
This could be an interesting opinion if you added some logic to it and try to explain why you think China would leave something they were one of the main founders of and is benefiting them greatly.
China founded BRICS because nobody was inviting it to the “grown-ups club” — the G7. Developed countries still don’t see China as an equal. At some point, Xi Jinping, wearing his ‘eternal Mao’ suit, decided to flex muscles by expanding BRICS with a bunch of raw-material satellites — to shake the dollar’s dominance.

But the moment this expansion started smelling like real responsibility and potential loss of access to US and EU markets, China quietly stepped back. That’s how it works.
China is considered one of the founders of BRICS, so I think it is completely unreasonable to think that China will back. China is the most active in the expansion of BRICS and this country is leading all the others and always wants BRICS to become more powerful in the future. You know that among all the BRICS countries, China is the only one that is the most powerful and will be the most profitable if it comes out of the Western regime. Currently, there is a competition between US and China in terms of trade and commerce. If the BRICS is successful, then indirectly China will be able to lead the BRICS. So it is worth less to think that China will go back from BRICS. 

Chinese President Xi Jinping himself is committed to being involved in it he says : We BRICS countries share extensive consensus and common goals. No matter how the international situation changes, our commitment to cooperation since the very beginning and our common aspiration will not change. (https://english.cctv.com/2023/08/24/ARTI6bbySK1vefeMY45wp6TY230824.shtml)


The reason why China is creating BRICS is that they do not want to depend on the US or the EU. They know very well that the US president can increase trade tariffs at any time according to his wishes. We have also been aware of this. When the US increased tariffs, China also responded by increasing tariffs. ‍So they will not do any business with them out of fear.

The purpose of forming BRICS against the US and Western regimes is so that China can maintain its dominance. If China is not active here, then there would be no need for other countries to form BRICS. If BRICS is established, all the countries in its alliance will benefit, but China will be the most profitable. If this is the case, then why would China leave from BRICS?


Title: Re: 11 more countries just joined BRICS this week
Post by: MusaPk on July 24, 2025, 06:19:16 PM
The reason why China is creating BRICS is that they do not want to depend on the US or the EU. They know very well that the US president can increase trade tariffs at any time according to his wishes. We have also been aware of this. When the US increased tariffs, China also responded by increasing tariffs. ‍So they will not do any business with them out of fear.

The purpose of forming BRICS against the US and Western regimes is so that China can maintain its dominance. If China is not active here, then there would be no need for other countries to form BRICS. If BRICS is established, all the countries in its alliance will benefit, but China will be the most profitable. If this is the case, then why would China leave from BRICS?

China over the years has emerged as a big power in almost every field like economy, military, sports, though it's an established fact but it's certainly not liked by big powers of west and that's why we see continuous propaganda against China. BRICS is not a new alliance but it dates back to 2009 and good thing about this alliance is that it's still active and more countries are joining this alliance.

It's first time Chinese president was not able to attend BRICS summit due to schedule conflict. But that doesn't mean China skipped completely the BRICS summit held earlier this month, Prime Minister Li Qiang led the Chinese delegation in there. I don't think China will leave a forum that is giving him benefit and getting strength with every passing year.

    



Title: Re: 11 more countries just joined BRICS this week
Post by: criptoevangelista on July 24, 2025, 07:35:56 PM
The reason why China is creating BRICS is that they do not want to depend on the US or the EU. They know very well that the US president can increase trade tariffs at any time according to his wishes. We have also been aware of this. When the US increased tariffs, China also responded by increasing tariffs. ‍So they will not do any business with them out of fear.

The purpose of forming BRICS against the US and Western regimes is so that China can maintain its dominance. If China is not active here, then there would be no need for other countries to form BRICS. If BRICS is established, all the countries in its alliance will benefit, but China will be the most profitable. If this is the case, then why would China leave from BRICS?

China over the years has emerged as a big power in almost every field like economy, military, sports, though it's an established fact but it's certainly not liked by big powers of west and that's why we see continuous propaganda against China. BRICS is not a new alliance but it dates back to 2009 and good thing about this alliance is that it's still active and more countries are joining this alliance.

It's first time Chinese president was not able to attend BRICS summit due to schedule conflict. But that doesn't mean China skipped completely the BRICS summit held earlier this month, Prime Minister Li Qiang led the Chinese delegation in there. I don't think China will leave a forum that is giving him benefit and getting strength with every passing year.

    



In a way, China's massive growth started with market liberalization. And the United States was one of the main contributors to that back in the 1990s, buying a lot from the Chinese and heating up their economy, which helped turn them into the industrial powerhouse they are today. Combined with various incentives and cheap labor, it was only a matter of time before they would want to challenge the dollar and push forward with their own beliefs. Anyway, I’ll wait for the next chapters of this saga to see how it all plays out. I think it’s very unlikely that the dollar will be overthrown or that BRICS will succeed in something like that. But you never know, right? I prefer to just keep watching.


Title: Re: 11 more countries just joined BRICS this week
Post by: Abiky on July 25, 2025, 01:26:46 AM
Don't forget that China is one of its founders and no decision has been made that the South Asian country will leave the group. Moreover I think that China is the driving force behind the BRICS and they are even playing an important role in all areas. Even among the countries in this organization, China is playing a leading role in all areas be it trade or investment.

By the way you should also know that the BRICS members are now operating a banking payment system with China, which actually allows them to use China's own fiat currency instead of the dollar. It is even worth noting that Iran and Brazil are already ahead in this regard, which is why they use Chinese currency when purchasing imports there.

China’s Growing Influence from BRICS Expansion (https://emoryeconomicsreview.org/articles/2025/1/17/chinas-growing-influence-from-brics-expansion)

China is the GOAT. It's one step ahead in terms of EV adoption, robotics, and even AI. Meanwhile, the US is moving one step backwards focusing on issues with little or no significance (like trying to make Canada a state, increasing tariff rates to exorbitant levels, etc). To the surprise of many, Russia's Ruble is having a strong performance. With giants such as China and Russia within the bloc, BRICS will only get bigger and stronger than ever.

I guess it's too late for the West. Especially the US. BRICS' major rival would be the EU. I'd love to see how everything unfolds with these two blocs competing against each other. And the US? It won't be long before it becomes history. Empires rise and fall, right?


Title: Re: 11 more countries just joined BRICS this week
Post by: Reatim on July 25, 2025, 03:39:38 AM
I personally think China will eventually leave BRICS.
This could be an interesting opinion if you added some logic to it and try to explain why you think China would leave something they were one of the main founders of and is benefiting them greatly.
it wouldn’t be surprising if the countries in brics turned in on each other after they have defeated the us after all their intentions would be to improve their country’s standing

maybe china would push for their country and others wouldn’t like it and eventually leave or maybe they will all get along and have a global/international support group


Title: Re: 11 more countries just joined BRICS this week
Post by: pooya87 on July 25, 2025, 05:00:52 AM
China founded BRICS because nobody was inviting it to the “grown-ups club” — the G7. Developed countries still don’t see China as an equal. At some point, Xi Jinping, wearing his ‘eternal Mao’ suit, decided to flex muscles by expanding BRICS with a bunch of raw-material satellites — to shake the dollar’s dominance.

But the moment this expansion started smelling like real responsibility and potential loss of access to US and EU markets, China quietly stepped back. That’s how it works.
Thanks for the explanation.
You are missing a couple of things though. You are forgetting that after NATO started its proxy war with Russia, their economy started weakening and the more the EU economy got destroyed the more they became dependent on China. For example the German automotive industry that was once strong became bankrupt and it is now mostly owned by China.
So your logic about BRICS making EU markets less accessible to China is wrong.

It's the same with US as well. US economy depends on China as much as Chinese economy depends on US, if not more! Look at how the Trump's economic war with China has hurt the US economy and how Americans are calling the US regime a fascist regime because of what Trump did to their lives in mass protests that have been regularly taking place across America!

That’s exactly why Iran is now getting American and Israeli bombs,
That's all about natural resources (Iran has the largest supply of oil+gas in the world) which the West desperately needs these days.
And that was one of their stupidest moves they'd ever made which is why 4-5 days after they started that war against Iran, they started begging for ceasefire as Iran continued bombing the hell out of them. Half of Israel is completely destroyed and by the 12th day when Iran bombed the hell out of the US regime's central command in Qatar, Trump started begging for a ceasefire...


Title: Re: 11 more countries just joined BRICS this week
Post by: fruktik on July 25, 2025, 07:11:18 AM
You are right that the leaders of those countries are trying to hold on to power with their dictatorial methods and are imposing their exclusive power on the people. The most interesting thing is that they are still buying and selling in dollars and have not yet secured a strong position in alternative currencies. Yes, they are trying systematically to trade among themselves and have started on a small scale, but this cannot provide any solution to the limitations of other alliance countries. If America imposes more tariffs on other weak countries, a terrible situation may arise for the people of their countries. Manufacturing factories will close, thousands of people will be unemployed and start becoming poor.

Alliance formation and alternative policies have not yet seen the light of day. The main reason for this is that Trump's trade and tariff policy amendments and their implementation will further paralyze those countries. Underdeveloped countries will not want to take a strong position against strong countries.
Double standards and hypocrisy always accompany dictatorial regimes. This is part of the "system" that accompanies it all the time. It is stupid and naive to expect anything different.

And the most interesting thing is that the media is saying something completely different. Allegedly, there will be a separate currency for settlements between countries in this coalition. It is funny to hear this when you and I know the real state of affairs.


Title: Re: 11 more countries just joined BRICS this week
Post by: free-bit.co.in on July 25, 2025, 10:27:06 AM

it wouldn’t be surprising if the countries in brics turned in on each other after they have defeated the us after all their intentions would be to improve their country’s standing

maybe china would push for their country and others wouldn’t like it and eventually leave or maybe they will all get along and have a global/international support group

The goal of BRICS is not to defeat the US and become the new world ruler, their goal is to reduce dependence on the USD. Creating a multipolar world with evenly distributed power to make the world more equal, a world not bound or oppressed by a single power. So the scenario of them turning their backs on each other and falling apart is very unlikely, they need to maintain that to keep the world multipolar and that is their goal. How can they easily give up the achievements they have worked so hard to achieve if they succeed in creating a multipolar world?

 


Title: Re: 11 more countries just joined BRICS this week
Post by: hafiztalha on July 25, 2025, 01:13:44 PM
The bloc is growing silently. Despite all the interpretations of the global political scene, the expansion of BRICS to include more emerging economies cannot be ignored. But does this really worry America in particular, given that it is the only country leading the anti-BRICS alliance? After the Russian-American rapprochement on the Ukraine issue, it seems that things have returned to tension following Trump's decision to continue supporting Ukraine with weapons and equipment. The joining of more countries to BRICS coincided with the divergence between Russia and America in their positions on their respective foreign policies.
BRICS is always powerful currency on the World because it is in the favour of local currency of countries. Countries can trade easily without buying dollars from the countries. Brazil could be leader because they gave this concept, otherwise all countries have to buy dollars for the trade which was in the favour of USA and USA were becoming economic power and most of the countries have negative impact of that on economy. More countries are also accepting  BRICS because in this currency . USA has dominanting mindset and that is the reason, all countries are against USA and they want to be free from that .In the near future, or it could take more 10 years to make BRICS as best currency of the World. India is also against America in this case.


Title: Re: 11 more countries just joined BRICS this week
Post by: Danica22 on July 25, 2025, 02:22:20 PM
I think it’s very unlikely that the dollar will be overthrown or that BRICS will succeed in something like that.

Overthrowing the dollar is very difficult and would have been an impossible task if we were talking about this many years ago. But I think this is no longer true because more and more countries are realizing the abuse of power and aggressive attitude of the United States, and many countries are wanting to get away from the United States. So I even believe that de-dollarization will happen faster than many people think and that it is inevitable, we no longer need to doubt it.

As evidence, the dominance of the USD in global foreign exchange reserves or in international trade has decreased significantly compared to many years ago. Instead, they are increasing their gold accumulation, and that is why the demand for gold has increased sharply in recent years, or they are diversifying their reserve currencies into yuan, euro...It is clear that they are preparing for something, and that is dedollarization.


Title: Re: 11 more countries just joined BRICS this week
Post by: Abiky on July 26, 2025, 12:58:30 AM
The goal of BRICS is not to defeat the US and become the new world ruler, their goal is to reduce dependence on the USD. Creating a multipolar world with evenly distributed power to make the world more equal, a world not bound or oppressed by a single power. So the scenario of them turning their backs on each other and falling apart is very unlikely, they need to maintain that to keep the world multipolar and that is their goal. How can they easily give up the achievements they have worked so hard to achieve if they succeed in creating a multipolar world?

That has always been the plan. To dethrone the US as the world's leading superpower. I doubt BRICS will take the US' reign anytime soon. Especially with the EU in play. Constant geopolitical tensions in Europe will only strengthen the EU in the long run. The Ukraine war is only the beginning. Already, EU countries promised to spend 5% of their GDP for defense. Will BRICS stand a chance against the EU's military and economic might? Only time will tell.

At the time of this writing, Russia and China are the only countries capable enough to survive on their own. But I can't say the same about other countries within the bloc (BRICS). We're living in uncertain times, so anything's possible.


Title: Re: 11 more countries just joined BRICS this week
Post by: Olatundespo on July 26, 2025, 02:31:41 AM
The goal of BRICS is not to defeat the US and become the new world ruler, their goal is to reduce dependence on the USD. Creating a multipolar world with evenly distributed power to make the world more equal, a world not bound or oppressed by a single power. So the scenario of them turning their backs on each other and falling apart is very unlikely, they need to maintain that to keep the world multipolar and that is their goal. How can they easily give up the achievements they have worked so hard to achieve if they succeed in creating a multipolar world?

That has always been the plan. To dethrone the US as the world's leading superpower. I doubt BRICS will take the US' reign anytime soon. Especially with the EU in play. Constant geopolitical tensions in Europe will only strengthen the EU in the long run. The Ukraine war is only the beginning. Already, EU countries promised to spend 5% of their GDP for defense. Will BRICS stand a chance against the EU's military and economic might? Only time will tell.

At the time of this writing, Russia and China are the only countries capable enough to survive on their own. But I can't say the same about other countries within the bloc (BRICS). We're living in uncertain times, so anything's possible.

The EU has US interests and relies heavily on military technology to strengthen arms trade and increase financial co-operation. The US will not waste time chasing EU countries because they are already developed countries and most of them have close ties with the US government. During the Biden administration, the EU provided them with extensive financial and military assistance due to the Ukraine war but after Donald Trump took office as president they reduced their assistance and are now increasing their assistance again. As a result of this war, a process of geopolitically weakening Russia is underway.

Since Russia and China are members of the BRICS, it has become very challenging for the US to maintain the dominance of the dollar and if more countries join this alliance, the US's sole dominance in the world will be reduced and the dollar will fall.


Title: Re: 11 more countries just joined BRICS this week
Post by: pooya87 on July 26, 2025, 05:01:50 PM
To dethrone the US as the world's leading superpower. I doubt BRICS will take the US' reign anytime soon.
For thousands of years since the first powers emerged, there has never been a unipolar world which is exactly why US regime's reign only lasted 20-30 years and fell apart very quickly. It is also why BRICS was never meant to create a unipolar world. It was meant to go back to what is normal meaning a multipolar world.

Quote
Especially with the EU in play. Constant geopolitical tensions in Europe will only strengthen the EU in the long run. The Ukraine war is only the beginning. Already, EU countries promised to spend 5% of their GDP for defense. Will BRICS stand a chance against the EU's military and economic might? Only time will tell.
I wouldn't call it might!

Economically you just said EU is falling apart when you said they are going to massively increase their war expenses which means cutting funds from everything else and pouring billions into war efforts! Money that should have gone into education, healthcare, infrastructure, etc.

Militarily they also have not much to say considering all these money they are taking out of their crisis ridden economy is going to US weapons manufacturers to build them some garbage that is too expensive and doesn't work as it should.


Title: Re: 11 more countries just joined BRICS this week
Post by: Agbe on July 26, 2025, 06:09:45 PM
I am pleased that the government of my country has become a partner this year. We have been aligning with the Western bloc for a long time, yet things are getting worse. The US and partners see my country only as a source of cheap raw materials.

Our biggest problem now is terrorism, and a US Congressman, Scott Perry, during a hearing in Congress, stated that US financial aid to Nigeria was indirectly used to finance terrorists, including Boko Haram, ISIS, and Al-Qaeda. It is obvious that our country has been destabilized to enable these foreign countries to acquire cheap raw materials. The world needs another global alliance and BRICS might be the alternative.

https://www.thisdaylive.com/2025/02/23/time-to-unmask-sponsors-of-boko-haram/?amp=1

I'm not a Nigerian, but it seems the US is indeed raping your country. If I'm not mistaken, ExxonMobil and Chevron have been drilling your lands for many decades to serve the needs of people somewhere else.

However, to despise this rapist nation shouldn't mean there's a need to accommodate another rapist country. To partner with another world superpower for the sake of balance might only mean inviting another rapist to take advantage of what you have.

China is burying you with debts. Worse, they're even bringing in their own people for works that should have been offered to the locals. Now, they're legally and illegally drilling for all kinds of stuff in your country.

I hope and pray that yours and my country will one day cease to be just mere playthings of these competing and greedy nations.
You made a very good point Nigeria and Africa in general has been under American and European influence and changing allegiance to another country may likely bowing down to another slave master that is why Africans countries needs to be careful with the kind of union that they go into but there is something that you need to understand there is something happening in Africa using Burkina feso as an example China and Russia is redefining diplomacy in Africa


Title: Re: 11 more countries just joined BRICS this week
Post by: Fortify on July 26, 2025, 08:19:33 PM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)

It's actually quite naive to talk about the "BRICS" in this way, because there isn't actually a solid relationship between them and they are not some solid trading bloc. You've just reeled off some random country names that are scattered around the world, that might have some sort of trading relationship with a BRICS country but it by no means aligns them in any other way. None of them, besides maybe Belarus and Cuba, are particularly bound to BRICS nations and do just as much business with the rest of the world. It's noteworthy that you haven't actually cited any source, because there aren't any with a credible reputation, that would make such a silly claim. If anything the BRICS is fragmented like never before with countries like India and China in very tense competition with each other.


Title: Re: 11 more countries just joined BRICS this week
Post by: pooya87 on July 27, 2025, 04:30:48 AM
Especially with the EU in play. Constant geopolitical tensions in Europe will only strengthen the EU in the long run. The Ukraine war is only the beginning. Already, EU countries promised to spend 5% of their GDP for defense. Will BRICS stand a chance against the EU's military and economic might? Only time will tell.
I wouldn't call it might!

Economically you just said EU is falling apart when you said they are going to massively increase their war expenses which means cutting funds from everything else and pouring billions into war efforts! Money that should have gone into education, healthcare, infrastructure, etc.

Militarily they also have not much to say considering all these money they are taking out of their crisis ridden economy is going to US weapons manufacturers to build them some garbage that is too expensive and doesn't work as it should.
By the way if you want to see EU's so called "might" and the way China sees them, just check out the video of the recent visit of the EU leaders to China (China-EU summit) and how they were received.

The Chinese officials didn't even receive them at their plane, these EU leaders were just put them on a bus like peasants and were brought forth to the Chinese president to kiss his hands ;D

This is how the world sees Europe these days and when I say the world I don't just mean the East. Just check out how the US regime sees Europe which is palpable in bullshit Trump's keeps saying everywhere...


Title: Re: 11 more countries just joined BRICS this week
Post by: Sticky Bomb on July 27, 2025, 09:19:17 PM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)
This explains why Trump slammed my country with 14% tariff on exports from all businesses. He's trying to impose fear on other countries trying to join BRICS by imposing tariffs on newly joined countries. Funny though how he thinks these lame tactics would deter countries from joining the opposing side.

Such big bully actions worked in the younger world, but not anymore. He should be well aware that bullying only scares people away from you and announced your opposition's as the better option.


Title: Re: 11 more countries just joined BRICS this week
Post by: bangjoe on July 27, 2025, 10:03:45 PM
Especially with the EU in play. Constant geopolitical tensions in Europe will only strengthen the EU in the long run. The Ukraine war is only the beginning. Already, EU countries promised to spend 5% of their GDP for defense. Will BRICS stand a chance against the EU's military and economic might? Only time will tell.
I wouldn't call it might!

Economically you just said EU is falling apart when you said they are going to massively increase their war expenses which means cutting funds from everything else and pouring billions into war efforts! Money that should have gone into education, healthcare, infrastructure, etc.

Militarily they also have not much to say considering all these money they are taking out of their crisis ridden economy is going to US weapons manufacturers to build them some garbage that is too expensive and doesn't work as it should.
By the way if you want to see EU's so called "might" and the way China sees them, just check out the video of the recent visit of the EU leaders to China (China-EU summit) and how they were received.

The Chinese officials didn't even receive them at their plane, these EU leaders were just put them on a bus like peasants and were brought forth to the Chinese president to kiss his hands ;D

This is how the world sees Europe these days and when I say the world I don't just mean the East. Just check out how the US regime sees Europe which is palpable in bullshit Trump's keeps saying everywhere...

It must be accepted as a fact that the situation in Europe is not good. The war between Ukraine and Russia has had a significant impact on developments in Europe, while the geopolitical situation is also in a bad state.

Hearing from you that they were not welcomed at the airport by the Chinese government could indicate certain thoughts and show how China is currently treating Europe, which could explain that Europe's self-esteem is declining due to the issues in its region.

This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)
This explains why Trump slammed my country with 14% tariff on exports from all businesses. He's trying to impose fear on other countries trying to join BRICS by imposing tariffs on newly joined countries. Funny though how he thinks these lame tactics would deter countries from joining the opposing side.

Such big bully actions worked in the younger world, but not anymore. He should be well aware that bullying only scares people away from you and announced your opposition's as the better option.

There is always a middle ground to be taken, even though it may be convincing. My country took the step of negotiating and successfully reduced tariffs by 19%, though it remains higher than your country's. However, this is the path our country chose after securing a position in BRICS while continuing to collaborate with the US, even though we were required to do many things to ensure the agreement runs smoothly. Trump intentionally intimidated them in this way to make them grow, at least survive, and try to control countries afraid of the US.


Title: Re: 11 more countries just joined BRICS this week
Post by: Churchillvv on July 27, 2025, 10:27:15 PM
Especially with the EU in play. Constant geopolitical tensions in Europe will only strengthen the EU in the long run. The Ukraine war is only the beginning. Already, EU countries promised to spend 5% of their GDP for defense. Will BRICS stand a chance against the EU's military and economic might? Only time will tell.
I wouldn't call it might!

Economically you just said EU is falling apart when you said they are going to massively increase their war expenses which means cutting funds from everything else and pouring billions into war efforts! Money that should have gone into education, healthcare, infrastructure, etc.

Militarily they also have not much to say considering all these money they are taking out of their crisis ridden economy is going to US weapons manufacturers to build them some garbage that is too expensive and doesn't work as it should.
By the way if you want to see EU's so called "might" and the way China sees them, just check out the video of the recent visit of the EU leaders to China (China-EU summit) and how they were received.

The Chinese officials didn't even receive them at their plane, these EU leaders were just put them on a bus like peasants and were brought forth to the Chinese president to kiss his hands ;D

This is how the world sees Europe these days and when I say the world I don't just mean the East. Just check out how the US regime sees Europe which is palpable in bullshit Trump's keeps saying everywhere...
Not to mention, when over 46% of the world is now part of BRICs and over 56% population is part of BRICs even the US knows that it's over exercised power is frightening with the Brics growing this fast in the last decades. Having to partner with more countries I even more signs that it's not to be compared with the EU in the nearest decade.

Europe might still look strong or okay in most people's eyes for now till the changes begin to have effect, just like you added Pooya87 they are lossing the spotlight already the demonstration in china is a hint that isn't widely understood by many, only those with four sights understand what the Chinese government is saying in action.


Title: Re: 11 more countries just joined BRICS this week
Post by: IjawMan on July 28, 2025, 12:04:55 AM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)
A take home on this crucial summit to the other world is that this alignment called BRICS has come to stay, and sanctions from the other world against the new intending members into the ideology of the BRICS alignment makes them see more reasons to be members of this new emerging economic bloc. Some of the countries feel that joining BRICS will finally give them a seat at the table where their voices will be heard and valued. And the BRICS serves as that platform where they can have a real say in global affairs, not like their current position where they feel dependent than interdependent and underdeveloped economically and technologically.


Title: Re: 11 more countries just joined BRICS this week
Post by: SATWAT on July 28, 2025, 01:58:04 AM
A take home on this crucial summit to the other world is that this alignment called BRICS has come to stay, and sanctions from the other world against the new intending members into the ideology of the BRICS alignment makes them see more reasons to be members of this new emerging economic bloc. Some of the countries feel that joining BRICS will finally give them a seat at the table where their voices will be heard and valued. And the BRICS serves as that platform where they can have a real say in global affairs, not like their current position where they feel dependent than interdependent and underdeveloped economically and technologically.
I don't think anyone have too many expectations from this BRICS because its start with lack of confidence and few big players are doing few things for their own sack is having problems here even numbers are increasing but still its long way to go for having anything authentic.
China is main power behind this who is looking for strong allies Russia is also having some interest but still its never been easy for countries to have confidence because few countries role always suspicious which hurt organizations like this we have to wait for more exposure which will give better details.
If they are serious they needed to be work on few trading things and also currency because if they are successful then surely this could be huge success for them.


Title: Re: 11 more countries just joined BRICS this week
Post by: pooya87 on July 28, 2025, 04:42:51 AM
Some of the countries feel that joining BRICS will finally give them a seat at the table where their voices will be heard and valued. And the BRICS serves as that platform where they can have a real say in global affairs,
This is a key point when it comes to newly established international organizations such as BRICS. Something that is often forgotten by the people who doubt its future.

The current existing international system clearly does not work. For example organizations such as UN have proven to be useless in important matters in this world and worse than that, they are abhorrently biased instead of being neutral. For example they could not prevent invasion of Iraq and a dozen other countries by NATO. They could not prevent invasion of Ukraine by Russia. They could not even stop the genocide in Gaza that is backed by NATO! and a lot more.

The West with all its fake talks of democracy, freedom, human rights, etc. is actually the biggest neo-dictatorship there is; both in domestic political system and their attitude internationally. For example why should a handful of countries have veto power in the UN?!!! The entire world passes a resolution to end the genocide in Gaza and the US regime that is supporting that genocide, easily vetoes it in order to keep the genocide going!

In that sense BRICS is like Bitcoin, a corrupt and broken system existed (in case of Bitcoin that system is the banking system that benefited a minority) and we needed an alternative for those of us who didn't want to be part of that system any more.
So even though it may take another decade for the New World Order to be fully established and for organizations like BRICS to be in full effect, but we are on a good path so far to reach that goal.


Title: Re: 11 more countries just joined BRICS this week
Post by: B-BossMan on July 28, 2025, 07:08:24 AM
Some of the countries feel that joining BRICS will finally give them a seat at the table where their voices will be heard and valued. And the BRICS serves as that platform where they can have a real say in global affairs,
This is a key point when it comes to newly established international organizations such as BRICS. Something that is often forgotten by the people who doubt its future.

The current existing international system clearly does not work. For example organizations such as UN have proven to be useless in important matters in this world and worse than that, they are abhorrently biased instead of being neutral. For example they could not prevent invasion of Iraq and a dozen other countries by NATO. They could not prevent invasion of Ukraine by Russia. They could not even stop the genocide in Gaza that is backed by NATO! and a lot more.

The West with all its fake talks of democracy, freedom, human rights, etc. is actually the biggest neo-dictatorship there is; both in domestic political system and their attitude internationally. For example why should a handful of countries have veto power in the UN?!!! The entire world passes a resolution to end the genocide in Gaza and the US regime that is supporting that genocide, easily vetoes it in order to keep the genocide going!

In that sense BRICS is like Bitcoin, a corrupt and broken system existed (in case of Bitcoin that system is the banking system that benefited a minority) and we needed an alternative for those of us who didn't want to be part of that system any more.
So even though it may take another decade for the New World Order to be fully established and for organizations like BRICS to be in full effect, but we are on a good path so far to reach that goal.
To my own understanding, this BRICS will definitely bring huge benefits to the new financial institution development and aims to reduce the dependence on USD dollars; however, some of the countries that rejected the BRICS invitations shall come to know the reality in the nearest future when they see that these recent countries that joined begin to have their real say globally. Moreover, if the BRICS goals are achieved, it will also strengthen the economics globally.


Title: Re: 11 more countries just joined BRICS this week
Post by: IjawMan on July 28, 2025, 07:20:56 AM
Some of the countries feel that joining BRICS will finally give them a seat at the table where their voices will be heard and valued. And the BRICS serves as that platform where they can have a real say in global affairs,
This is a key point when it comes to newly established international organizations such as BRICS. Something that is often forgotten by the people who doubt its future.

The current existing international system clearly does not work. For example organizations such as UN have proven to be useless in important matters in this world and worse than that, they are abhorrently biased instead of being neutral. For example they could not prevent invasion of Iraq and a dozen other countries by NATO. They could not prevent invasion of Ukraine by Russia. They could not even stop the genocide in Gaza that is backed by NATO! and a lot more.
The idea that led to the creation of the UN as international body for promotion of world peace and equity in a world of chaos has been hijacked and is now performing/playing a fire-service approach role in conflict inflicting regions. Where they are more enthusiastic on supplying  of relief materials, aids and meds after watching a people been stroked to the ground and innocent lives destroyed. 

Quote
The West with all its fake talks of democracy, freedom, human rights, etc. is actually the biggest neo-dictatorship there is; both in domestic political system and their attitude internationally. For example why should a handful of countries have veto power in the UN?!!! The entire world passes a resolution to end the genocide in Gaza and the US regime that is supporting that genocide, easily vetoes it in order to keep the genocide going!

In that sense BRICS is like Bitcoin, a corrupt and broken system existed (in case of Bitcoin that system is the banking system that benefited a minority) and we needed an alternative for those of us who didn't want to be part of that system any more.
So even though it may take another decade for the New World Order to be fully established and for organizations like BRICS to be in full effect, but we are on a good path so far to reach that goal.
The UN has a major setback that raises concern for those that choose to be neutral on issues as it breaks. A small group of member nations holds way too much power, ultimately allowing them to veto decisions affecting many other countries in the UN assembly. The BRICS is rising to break that centralised stronghold of the West on the political leadership of the world. It's a feat that only requires time to reach it full potential while it breaks the wings of the old formation of a unipolar order into a multipolar (decentralisation).



Title: Re: 11 more countries just joined BRICS this week
Post by: Barikui1 on July 28, 2025, 09:15:20 AM
Some of the countries feel that joining BRICS will finally give them a seat at the table where their voices will be heard and valued. And the BRICS serves as that platform where they can have a real say in global affairs,
This is a key point when it comes to newly established international organizations such as BRICS. Something that is often forgotten by the people who doubt its future.

The current existing international system clearly does not work. For example organizations such as UN have proven to be useless in important matters in this world and worse than that, they are abhorrently biased instead of being neutral. For example they could not prevent invasion of Iraq and a dozen other countries by NATO. They could not prevent invasion of Ukraine by Russia. They could not even stop the genocide in Gaza that is backed by NATO! and a lot more.
The idea that led to the creation of the UN as international body for promotion of world peace and equity in a world of chaos has been hijacked and is now performing/playing a fire-service approach role in conflict inflicting regions. Where they are more enthusiastic on supplying  of relief materials, aids and meds after watching a people been stroked to the ground and innocent lives destroyed.  

Quote
The West with all its fake talks of democracy, freedom, human rights, etc. is actually the biggest neo-dictatorship there is; both in domestic political system and their attitude internationally. For example why should a handful of countries have veto power in the UN?!!! The entire world passes a resolution to end the genocide in Gaza and the US regime that is supporting that genocide, easily vetoes it in order to keep the genocide going!

In that sense BRICS is like Bitcoin, a corrupt and broken system existed (in case of Bitcoin that system is the banking system that benefited a minority) and we needed an alternative for those of us who didn't want to be part of that system any more.
So even though it may take another decade for the New World Order to be fully established and for organizations like BRICS to be in full effect, but we are on a good path so far to reach that goal.
The UN has a major setback that raises concern for those that choose to be neutral on issues as it breaks. A small group of member nations holds way too much power, ultimately allowing them to veto decisions affecting many other countries in the UN assembly. The BRICS is rising to break that centralised stronghold of the West on the political leadership of the world. It's a feat that only requires time to reach it full potential while it breaks the wings of the old formation of a unipolar order into a multipolar (decentralisation).

What I have sense over the past few years is that the American regime which is mostly against Brics knows that if the purpose of Brics comes into play, their ability to play the role of God on earth as they are doing now will be over, at this point most nations are just tired, they also want to be heard, and the idea of Brics suit everything they wish for, that's why I believe that all these threat by Donald trump on these nation wouldn't be much productive, because most of these nations over the years have come to understand that by depending too much on the Us, they are giving their economic power away, that's why they are easily punished with sanctions, but right now, most of these nations has reduced their dependence on the Us on so many things, so that when this Us regime start going crazy again they wouldn't be at their mercy again.


Title: Re: 11 more countries just joined BRICS this week
Post by: MusaPk on July 28, 2025, 06:23:15 PM
https://talkimg.com/images/2025/07/28/UHQWB1.jpeg
globaltimes (https://www.globaltimes.cn/page/202406/1313921.shtml)

From this graph it's very clear that BRICS countries are well ahead of G7 in all fields compared. That's why it's very difficult to ignore the BRICS alliance and there potential to achieve there goal. That's why we saw President Trump threatening  (https://www.reuters.com/world/china/leaders-growing-brics-group-gather-rio-summit-2025-07-06/)BRICS countries with 10% extra tariff when leaders of BRICS meet in Brasil earlier this month, it's mainly because USA foresee the threat from BRICS alliance.

Anyway, I’ll wait for the next chapters of this saga to see how it all plays out. I think it’s very unlikely that the dollar will be overthrown or that BRICS will succeed in something like that. But you never know, right? I prefer to just keep watching.

The dollar will stay their but it will lose it's impact as global currency provided BRICS countries keep moving towards their common goal.


Title: Re: 11 more countries just joined BRICS this week
Post by: WillyAp on July 28, 2025, 07:24:40 PM
From this graph it's very clear that BRICS countries are well ahead of G7 in all fields compared.

Sure, but the buying power is one of the more important figures, and it is missing.


Title: Re: 11 more countries just joined BRICS this week
Post by: Xypher606 on July 28, 2025, 08:02:27 PM
Some of the countries feel that joining BRICS will finally give them a seat at the table where their voices will be heard and valued. And the BRICS serves as that platform where they can have a real say in global affairs,
This is a key point when it comes to newly established international organizations such as BRICS. Something that is often forgotten by the people who doubt its future.

The current existing international system clearly does not work. For example organizations such as UN have proven to be useless in important matters in this world and worse than that, they are abhorrently biased instead of being neutral. For example they could not prevent invasion of Iraq and a dozen other countries by NATO. They could not prevent invasion of Ukraine by Russia. They could not even stop the genocide in Gaza that is backed by NATO! and a lot more.

The West with all its fake talks of democracy, freedom, human rights, etc. is actually the biggest neo-dictatorship there is; both in domestic political system and their attitude internationally. For example why should a handful of countries have veto power in the UN?!!! The entire world passes a resolution to end the genocide in Gaza and the US regime that is supporting that genocide, easily vetoes it in order to keep the genocide going!

In that sense BRICS is like Bitcoin, a corrupt and broken system existed (in case of Bitcoin that system is the banking system that benefited a minority) and we needed an alternative for those of us who didn't want to be part of that system any more.
So even though it may take another decade for the New World Order to be fully established and for organizations like BRICS to be in full effect, but we are on a good path so far to reach that goal.
I  fully support this, I believe we are underestimating the importance of the military, no currency can ever stand if the owners are not quite strong who established salt as a currency or gold even pearls. It was always the one with the bigger fist. In our world today only currencies tied to nuclear power could survive in the long run. Otherwise their like sand castle.


Title: Re: 11 more countries just joined BRICS this week
Post by: IjawMan on July 28, 2025, 08:47:23 PM
><
What I have sense over the past few years is that the American regime which is mostly against Brics knows that if the purpose of Brics comes into play, their ability to play the role of God on earth as they are doing now will be over, at this point most nations are just tired, they also want to be heard, and the idea of Brics suit everything they wish for, that's why I believe that all these threat by Donald trump on these nation wouldn't be much productive, because most of these nations over the years have come to understand that by depending too much on the Us, they are giving their economic power away, that's why they are easily punished with sanctions, but right now, most of these nations has reduced their dependence on the Us on so many things, so that when this Us regime start going crazy again they wouldn't be at their mercy again.
The  impulsive tariffs  increase placed on many countries by Trump early this year which largely affected these countries economies before a later 90 days lifting of it was an eye opener to many countries chiefly from those of Africa and Asia continents who had to sought for an alternative to escape from such economic tyranny by joining the BRICS for economic alliance. You don't wake up one morning from your floppy bed in the White House and begin to threaten sovereign nations with tariffs all because you harbour it in your big fat head that your country is in a privilege position against the rest of the world. We are in the 21st century not in the 90s.


Title: Re: 11 more countries just joined BRICS this week
Post by: Synchronice on July 29, 2025, 12:50:37 PM
This should answer those who were wondering what is happening with BRICS (https://bitcointalk.org/index.php?topic=5539384.0). In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.

Apparently BRICS now represents roughly half the population and GDP of the entire world 8)
BRICS is really developing but which of these countries are successful nations? I think that quality beats the quantity but to be completely honest, everything is so tiring, the world has a potential to really be the heaven and we artificially worsen our lives. If we all could be peaceful and save on military expanses, we would have a huge amount of money for our well-being.


By the way, it's very interesting to see what BRICS will achieve. Them being strong will really reshape the global order but will it be for better or for worse? Will the quality of life improve in BRICS countries if they become less dependent on the western world? I don't think so.


Title: Re: 11 more countries just joined BRICS this week
Post by: WillyAp on July 29, 2025, 12:55:19 PM
The  impulsive tariffs  increase placed on many countries by Trump early this year which largely affected these countries economies before a later 90 days lifting of it was an eye opener to many countries chiefly from those of Africa and Asia continents who had to sought for an alternative to escape from such economic tyranny by joining the BRICS for economic alliance. You don't wake up one morning from your floppy bed in the White House and begin to threaten sovereign nations with tariffs all because you harbour it in your big fat head that your country is in a privilege position against the rest of the world. We are in the 21st century not in the 90s.

Not to worry, the developing world will get most of it.
The EU, The USA are getting "better" to look into you, who wishes to invest and then risking to get thrown out. Or your Investment is not taking into account when applying for a visa.

Its only logical that if the toys I produce cannot be sold in the US, I sell those elsewhere.


Title: Re: 11 more countries just joined BRICS this week
Post by: Minor Miner on July 29, 2025, 02:10:51 PM

By the way, it's very interesting to see what BRICS will achieve. Them being strong will really reshape the global order but will it be for better or for worse? Will the quality of life improve in BRICS countries if they become less dependent on the western world? I don't think so.

In your opinion, a world where power is only in the hands of 1 superpower or 1 single bloc, and they abuse it to create benefits for themselves without caring about the consequences it causes to others. Or they are ready to attack anyone if someone does not please them or does not obey their orders. Would it be better than a world, where power was evenly distributed, where there were no dictators, no bullies, where people had more rights and choices?

To be fair, we don't know whether the rise of BRICS and the reshaping of the global order will be better or worse for us. But in theory, a multipolar world, where power is not concentrated in one person, where people can express their opinions and make choices based on their desires without coercion or fear, would be much better than a world of dictators and abusers of power.

Instead of doubting whether BRICS makes the world a better place, why don't we ask? Why do more and more countries want to reduce their dependence on the USD and join BRICS? If the US and NATO are really good guys, why would people want to leave and run away from them?


Title: Re: 11 more countries just joined BRICS this week
Post by: farsky on July 29, 2025, 03:03:17 PM
We have a nice collection of naive people here who believe that cooperation with communist and former communist countries will bring you anything good other than rosy hopes  :D


Title: Re: 11 more countries just joined BRICS this week
Post by: Fiatless on July 29, 2025, 08:54:08 PM
We have a nice collection of naive people here who believe that cooperation with communist and former communist countries will bring you anything good other than rosy hopes  :D
This is a group of people who are tired of the bullying and oppression of the West. People who want to be independent of the control so called powerful countries.

All I want is a world where nations will have alternatives. Developing nations need an alternative to SWIFT, the IMF, the dollar and even the World Bank. The monopoly of the financial system by some nations is affecting the sovereignty of others. Global influence should not be in the hands of a few nations; we need decentralisation.


Title: Re: 11 more countries just joined BRICS this week
Post by: WillyAp on July 30, 2025, 12:53:00 AM
This is a group of people who are tired of the bullying and oppression of the West. People who want to be independent of the control so called powerful countries.

Oppression of the West?
using the WWW which is western, What kind of phone do you use, software and such?
Consumerism is now an oppression ??? Hilarious



Title: Re: 11 more countries just joined BRICS this week
Post by: fruktik on July 30, 2025, 06:12:09 AM
The dollar will stay their but it will lose it's impact as global currency provided BRICS countries keep moving towards their common goal.
Why don't you take the euro currency into account? We shouldn't forget that the EU is a fairly large alliance of countries. Its GDP is almost 20% of the world's.

https://www.talkimg.com/images/2025/07/30/UHTcP5.jpeg

While the focus is on US hegemony and the BRICS countries, the EU continues to smoothly develop its economy and many industries. Therefore, the focus should be on this union, and not on the dictatorships and the states.


Title: Re: 11 more countries just joined BRICS this week
Post by: pooya87 on July 30, 2025, 06:52:44 AM
By the way, it's very interesting to see what BRICS will achieve. Them being strong will really reshape the global order but will it be for better or for worse? Will the quality of life improve in BRICS countries if they become less dependent on the western world? I don't think so.
Multipolar world is the normal world that has been the situation for thousands of years compared to unipolar world that is abnormal and barely lasted 20-30 years. So I believe that BRICS and generally any attempt at helping the establishment of an actual World Order is a good thing.

Whether the quality of life of individuals in each country is going to improve or not depends on the government the people choose. If it is a competent one, then yes it will improve.
For example read what I explained here (https://bitcointalk.org/index.php?topic=5537130.0) 4 months ago. Now tell me how many competent governments among the almost 200 countries in the world took advantage of such opportunities? (some users posted some examples in that topic itself) In this small example, something like BRICS can only help but it still needs competent people in office to actually take advantage and change policies, strike deals with other countries, etc. to improve things.


Title: Re: 11 more countries just joined BRICS this week
Post by: Smack That Ace on July 30, 2025, 08:30:59 AM

using the WWW which is western, What kind of phone do you use, software and such?




We have to pay for those things and even a lot of money, they are not free, and it is simply supply and demand. Moreover, all those inventions are the result of human development, they do not belong to any one individual. The US and the West have made huge contributions in creating them, but for them to develop and become as modern as they are today, and for people to have easier access is thanks to the contribution of the whole world.

But on the other hand, although the United States and the West were the countries that made great contributions to the development of technology in the early days, but now because of their greed, jealousy and selfishness. They are becoming the ones who hinder the development of technology and the world. The evidence is that they feel they are falling behind China, and instead of trying to create a fair competitive environment to push the world to progress further, they abuse their power to hinder that progress by imposing sanctions, blacklisting and banning people from using it. For example, they banned Huawei, ZTE and Tiktok could be the next targets if they can't force China to sell it to them.
If they did not hinder this development, I believe that people all over the world, especially in very poor places, would have access to affordable technology products and our world would certainly be much more developed.


Title: Re: 11 more countries just joined BRICS this week
Post by: farsky on July 30, 2025, 10:38:40 AM
We have a nice collection of naive people here who believe that cooperation with communist and former communist countries will bring you anything good other than rosy hopes  :D
This is a group of people who are tired of the bullying and oppression of the West. People who want to be independent of the control so called powerful countries.

All I want is a world where nations will have alternatives. Developing nations need an alternative to SWIFT, the IMF, the dollar and even the World Bank. The monopoly of the financial system by some nations is affecting the sovereignty of others. Global influence should not be in the hands of a few nations; we need decentralisation.
Anti-Western narratives are now spreading all over the world and even in Europe there is a lot of pro-communist sentiment.
I lived in the communist USSR and I know what it is.
Good luck on your way to getting rid of Western "oppression". The example of the USSR and Cuba has taught no one a lesson. People do not want to broaden their horizons.
Well, you will deservedly get your "alternative", and I'll be interested to observe it.


By the way, it's very interesting to see what BRICS will achieve. Them being strong will really reshape the global order but will it be for better or for worse? Will the quality of life improve in BRICS countries if they become less dependent on the western world? I don't think so.
Multipolar world is the normal world that has been the situation for thousands of years compared to unipolar world that is abnormal and barely lasted 20-30 years. So I believe that BRICS and generally any attempt at helping the establishment of an actual World Order is a good thing.

Whether the quality of life of individuals in each country is going to improve or not depends on the government the people choose. If it is a competent one, then yes it will improve.
For example read what I explained here (https://bitcointalk.org/index.php?topic=5537130.0) 4 months ago. Now tell me how many competent governments among the almost 200 countries in the world took advantage of such opportunities? (some users posted some examples in that topic itself) In this small example, something like BRICS can only help but it still needs competent people in office to actually take advantage and change policies, strike deals with other countries, etc. to improve things.
You are indeed trying to reason coherently, but you are a leftist who has read communist propaganda and is spreading anti-Western and pro-terrorist propaganda.
A leftist will always remain a leftist, the idols of such people are Mao, Lenin, Stalin, Hitler, Hamas and Putin.


using the WWW which is western, What kind of phone do you use, software and such?




We have to pay for those things and even a lot of money, they are not free, and it is simply supply and demand. Moreover, all those inventions are the result of human development, they do not belong to any one individual. The US and the West have made huge contributions in creating them, but for them to develop and become as modern as they are today, and for people to have easier access is thanks to the contribution of the whole world.

But on the other hand, although the United States and the West were the countries that made great contributions to the development of technology in the early days, but now because of their greed, jealousy and selfishness. They are becoming the ones who hinder the development of technology and the world. The evidence is that they feel they are falling behind China, and instead of trying to create a fair competitive environment to push the world to progress further, they abuse their power to hinder that progress by imposing sanctions, blacklisting and banning people from using it. For example, they banned Huawei, ZTE and Tiktok could be the next targets if they can't force China to sell it to them.
If they did not hinder this development, I believe that people all over the world, especially in very poor places, would have access to affordable technology products and our world would certainly be much more developed.
take from the rich and give to the poor.. oh, we've already been through this before.. when was that?
I remembered, Russia in 1917 began to turn into the USSR and really did it: literally took everything from the rich! Did the poor get anything? This remains beyond the knowledge of the ignorant. (spoiler: the poor were given nothing except "happiness in work" and the Iron Curtain).
Communism is an attempt to establish justice... but the result of its implementation always turns into a prison


Title: Re: 11 more countries just joined BRICS this week
Post by: abhiseshakana on July 30, 2025, 11:18:44 AM
By the way, it's very interesting to see what BRICS will achieve. Them being strong will really reshape the global order but will it be for better or for worse? Will the quality of life improve in BRICS countries if they become less dependent on the western world? I don't think so.
Multipolar world is the normal world that has been the situation for thousands of years compared to unipolar world that is abnormal and barely lasted 20-30 years. So I believe that BRICS and generally any attempt at helping the establishment of an actual World Order is a good thing.

Whether the quality of life of individuals in each country is going to improve or not depends on the government the people choose. If it is a competent one, then yes it will improve.
For example read what I explained here (https://bitcointalk.org/index.php?topic=5537130.0) 4 months ago. Now tell me how many competent governments among the almost 200 countries in the world took advantage of such opportunities? (some users posted some examples in that topic itself) In this small example, something like BRICS can only help but it still needs competent people in office to actually take advantage and change policies, strike deals with other countries, etc. to improve things.

I see the big picture of the BRICS target with the presence of the world's four largest oil producers is de-dollarization, specifically reducing oil trade transactions using dollars (petro dollars). BRICS could create the potential for collaborative action to shift the petrodollar paradigm. The less dependent a country is on the dollar, the less the United States will intervene, particularly in managing potential currency fluctuations.

The BRICS dedollarization agenda began with Russia and China demonstrating to the world, especially developing countries, that their economies were threatened by the United States, and that whenever economic sanctions could be imposed, the BRICS offered an alternative payment method for international transactions in the local currencies of fellow BRICS members. China and Russia also provided education to many developing countries to strengthen their local economies by reducing dependence on the dollar. Furthermore, they also integrated dollar-free payment systems.

Ultimately, the primary determinant is a country's priorities in its national interests. Even within the same region, different countries will have different decision-making styles. There are no permanent friends or enemies; there are only permanent interests.


Title: Re: 11 more countries just joined BRICS this week
Post by: Synchronice on July 30, 2025, 12:11:22 PM
By the way, it's very interesting to see what BRICS will achieve. Them being strong will really reshape the global order but will it be for better or for worse? Will the quality of life improve in BRICS countries if they become less dependent on the western world? I don't think so.
Multipolar world is the normal world that has been the situation for thousands of years compared to unipolar world that is abnormal and barely lasted 20-30 years. So I believe that BRICS and generally any attempt at helping the establishment of an actual World Order is a good thing.

Whether the quality of life of individuals in each country is going to improve or not depends on the government the people choose. If it is a competent one, then yes it will improve.
For example read what I explained here (https://bitcointalk.org/index.php?topic=5537130.0) 4 months ago. Now tell me how many competent governments among the almost 200 countries in the world took advantage of such opportunities? (some users posted some examples in that topic itself) In this small example, something like BRICS can only help but it still needs competent people in office to actually take advantage and change policies, strike deals with other countries, etc. to improve things.
Both, multipolar and unipolar words have their pros and cons but I feel like unipolar will be the winner in the end. Globalism is inevitable to my mind because English is one of the easiest language (at least for me) to learn, it's widely spoken outside of China (and Chinese is very hard to learn for the rest of the world), informational technologies also connect people very much, the next generation grows less masculine (in a good way) compared to older generation, I bet less people want to go in war these days than it was before because today you have a comfortable life and there is nothing to fight for while in the past, the quality of life was terrible, people were less educated and were brainwashed with war motivations.


Title: Re: 11 more countries just joined BRICS this week
Post by: Muba20 on July 30, 2025, 01:23:58 PM
By the way, it's very interesting to see what BRICS will achieve. Them being strong will really reshape the global order but will it be for better or for worse? Will the quality of life improve in BRICS countries if they become less dependent on the western world? I don't think so.
Multipolar world is the normal world that has been the situation for thousands of years compared to unipolar world that is abnormal and barely lasted 20-30 years. So I believe that BRICS and generally any attempt at helping the establishment of an actual World Order is a good thing.
Unipolar world will not last long, many people find it difficult to expect change of the power that has been ruled alone for the past 20-30 years. If the change will not happen today but tomorrow, as history has shown. It may take a little longer, but it is certain that change will happen. I think the emergence of an alliance like BRICS to rebalance the balance of global power should be seen positively. This alliance will help bring fairness and balance to the world. We cannot guarantee that only the countries that are part of the alliance will improve their quality of life. But it can definitely create an opportunity for everyone. Those who can utilize this opportunity will definitely benefit from it. Global political stability is not equal for everywhere. If leaders want to lead their countries honestly, then through BRICS they will be able to use this opportunity to develop the country. No alliance can ever do that for the development of a country unless that country comes forward on its own. BRICS can open up an economic and trade path that countries benefit from if they embrace it. But it will require competent leadership.


Title: Re: 11 more countries just joined BRICS this week
Post by: pooya87 on July 30, 2025, 01:48:31 PM
Anti-Western narratives are now spreading all over the world and even in Europe there is a lot of pro-communist sentiment.
Communism is just as dead as liberalism. They are both terrible and as oppressive.
The alternative to the bloodthirsty West is not communism either.

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You are indeed trying to reason coherently, but you are a leftist who has read communist propaganda and is spreading anti-Western and pro-terrorist propaganda.
No I'm not pro-NATO since last I checked the only organization that armed terrorists was NATO...
Or you haven't read the Timber Sycamore files or listen to Tulsi Gabbard, ie the United States Director of National Intelligence who literally confessed that it was US regime that armed al-Qaeda!

Both, multipolar and unipolar words have their pros and cons but I feel like unipolar will be the winner in the end. Globalism is inevitable to my mind because English is one of the easiest language (at least for me) to learn, it's widely spoken outside of China
Globalism is another "ism" that is dead. It is not possible to have it in the way the West wanted (a cloning factory where no culture exists except the filthy thing West wants and everyone thinks and acts the same way). That may work in places where there was no culture or civilization to begin with like EU or US itself, but when they move eastward and start facing ancient civilizations like Iran, China or even Egypt they stop right there.

The part about interdependence is another matter and it will happen naturally and it can happen in a multi-polar world were multiple "power blocs" exist and deal with each other. Using English to communicate doesn't change that.


Title: Re: 11 more countries just joined BRICS this week
Post by: farsky on July 30, 2025, 06:35:20 PM
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You are indeed trying to reason coherently, but you are a leftist who has read communist propaganda and is spreading anti-Western and pro-terrorist propaganda.
No I'm not pro-NATO since last I checked the only organization that armed terrorists was NATO...
Or you haven't read the Timber Sycamore files or listen to Tulsi Gabbard, ie the United States Director of National Intelligence who literally confessed that it was US regime that armed al-Qaeda!
good move, and funny. you are making NATO look like terrorists, although NATO only intervenes in the situation in specific places. NATO as a whole is cowardly and useless.
At the same time, you support Arab terrorists created with the participation of the USSR and China and sincerely believe in the genocide in Gaza, preferring to ignore the mass murders in other countries.

Both, multipolar and unipolar words have their pros and cons but I feel like unipolar will be the winner in the end. Globalism is inevitable to my mind because English is one of the easiest language (at least for me) to learn, it's widely spoken outside of China
Globalism is another "ism" that is dead. It is not possible to have it in the way the West wanted (a cloning factory where no culture exists except the filthy thing West wants and everyone thinks and acts the same way). That may work in places where there was no culture or civilization to begin with like EU or US itself, but when they move eastward and start facing ancient civilizations like Iran, China or even Egypt they stop right there.

The part about interdependence is another matter and it will happen naturally and it can happen in a multi-polar world were multiple "power blocs" exist and deal with each other. Using English to communicate doesn't change that.
which underlines my correct conclusions that you are a hater of the West.

your appeal to ancient civilizations is also half true and half manipulative. Ancient Egypt and Iran are no more, their ancient culture was lost after the conquest of the countries by Islam. Coptic and Pahlavi are dead (the languages of ancient Egypt and Persia)
Besides, you have exposed yourself as an opponent of globalization. All the nations and tribes of the world are gradually uniting.
Only those countries that want to preserve their neighbors in a situation of hostility are anti-globalists.
For example, Iran is trying to prevent Saudi Arabia and Israel from getting closer.

and everyone thinks and acts the same way
You are confusing it with communism. However, I understand that this resonates with you more.

ps.
That may work in places where there was no culture or civilization to begin with like EU or US
As for your statement where you say that the EU never had culture and civilization... well, you have once again revealed yourself as a rabid hater of the West and even a racist.
Hmm, I didn't think I'd find such furiously angry and embittered people in the English-language threads.