BRICS has become eleven countries instead of five.

[coupable]

https://www.nytimes.com/2023/08/24/world/europe/brics-expansion-xi-lula.html
https://www.independent.co.uk/news/world/africa/brics-2023-summit-new-members-saudi-uae-iran-b2398553.html
https://www.reuters.com/world/brics-expansion-hopefuls-seek-rebalance-world-order-2023-08-21/

Today, at the start of the closing day of the BRICS meeting, the President of South Africa announced an important decision regarding the BRICS acceptance of the invitation of six countries to become new members of the BRICS group. These countries are Egypt, Iran, United Arab Emirates, Saudi Arabia, Ethiopia, and Argentina. He also announced a consensus regarding the first stage of expanding BRICS, so that the membership of new members begins on January 1, 2024, while stressing that the doors of membership will remain open to other countries in the future, such as Algeria and Indonesia, which are not yet ready to join.
With the accession of these countries, the BRICS bloc now includes 46% of the world's population (almost half), with a gross domestic product of more than the quarter of the global GDP, which will make it a new engine for the global economy.

Let's discuss the results of this expansion on the global economy and the possible position of the G-7 countries. And do you think that this is the beginning of the formation of a new world order, especially since in the speech of Russian President Vladimir Putin, he had stressed the need to deal with a common currency among the countries of the group in addition to local currencies ?

[1715041901]

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[Yogee]

[....]
Let's discuss the results of this expansion on the global economy and the possible position of the G-7 countries. And do you think that this is the beginning of the formation of a new world order, especially since in the speech of Russian President Vladimir Putin, he had stressed the need to deal with a common currency among the countries of the group in addition to local currencies ?

It's probably just a wishful thinking at this point but I'm hoping this new "alliance" will be strictly on improving economic ties through trades among member countries and won't be used as a political tool to rival the G7.
Having another major currency that will compete against USD's global dominance is fine but it will be problematic to all if these two will clash and impose sanctions against each other.

[sunsilk]

BRICS is just getting stronger especially with the participation of UAE and Saudi Arabia. This will surely going to give the alarm call to the USA and its alliances.

And do you think that this is the beginning of the formation of a new world order, especially since in the speech of Russian President Vladimir Putin, he had stressed the need to deal with a common currency among the countries of the group in addition to local currencies ?

Yes, it's already the beginning and it's going to set new standard with these economies that's part of it. And as they talk about having a common currency, we have that idea that it's going to be CNY(Chinese Yuan) that will be used on this one.

But I want to see that they're focused in helping each other economies and not just to fall the other one that seems to be their rival.

[pooya87]

with a gross domestic product of 7.2% of the global GDP

This doesn't sound right specially since BRICS includes China which is almost 20% of the global GDP alone with India being the next big one with about 10%.

Let's discuss the results of this expansion on the global economy and the possible position of the G-7 countries. And do you think that this is the beginning of the formation of a new world order, especially since in the speech of Russian President Vladimir Putin, he had stressed the need to deal with a common currency among the countries of the group in addition to local currencies ?

The New World Order is already established, it is only becoming more solidified with each major move such as creation of multiple economic, military, etc. blocs such as BRICS. It is simply creating these blocs that are not dominated or ruled by a single power that ends up abusing that power too. Instead it is multiple powers and blocs with the chance of such abuses becoming minimal.

There is still a lot of work to be done like establishment of a new payment system to replace SWIFT and possibly even new currency(ies) replacing the US dollar.
There are lots of good work being done though. Already lot of countries have bilateral agreements to trade using their own local currencies and gold. Many of such agreements are made in similar blocs like BRICS, SCO, ASEAN, etc.

As for the effect this will effectively bring more stability to the global economy so that first of all 2008-like incidents don't repeat where the demise of US economy screws the global economy and affects all countries around the globe one way or the other.
And secondly it allows lots of countries be it big or small, weak or strong to grow a lot since in the New World Order they can manage to get out of the US dictatorship preventing them from growth with sanctions and enforcement of laws that were designed to keep them back. Like Pakistan where in order to get a tiny loan from the US controlled IMF they were forced to increase the fuel prices among other things and ruin their economy first!!! In the New World Order a country like Pakistan takes the loan from the new bloc without them meddling in their internal affairs.

[icalical]

The new 6 countries that mentioned in the article seems only got the invitation, none of those country has confirmed that they actually want to join BRICS at least as far as I know and at the time when I write this reply. All that being said if those countries were to join BRICS then it is a new world order indeed, they already got India and China, with UAE, Saudi, and Iran join in the west should really consider to start their move (whatever that move is, but idk). No offense but UAE, Saudi and Iran will have more significant influence than the other three countries.

[be.open]

The new 6 countries that mentioned in the article seems only got the invitation, none of those country has confirmed that they actually want to join BRICS at least as far as I know and at the time when I write this reply. All that being said if those countries were to join BRICS then it is a new world order indeed, they already got India and China, with UAE, Saudi, and Iran join in the west should really consider to start their move (whatever that move is, but idk). No offense but UAE, Saudi and Iran will have more significant influence than the other three countries.

This is wrong. Before the BRICS summit, 22 countries filed formal applications to join the alliance and six applications were granted. Initially, 5 applications were granted, then Ethiopia was added to them for "geographical reasons". Officially, membership in the alliance will begin for new members on January 1, 2024, and the alliance itself will probably be renamed BRICS+.

[Plaguedeath]

This is not looking good, if more and more countries are joining BRICS, then in the end it will be US+EU vs BRICS which is world war 3.

We need to have more and more country to be neutral, so when there's an attack from the another country, the other will support it and cool down the war. If there's only two big group, when a country attack another one, the other country will help and trying to attack back.

[LoyceV]

These countries are Egypt, Iran, United Arab Emirates, Saudi Arabia, Ethiopia, and Argentina.

So, what are they going to call it now? BI CAUSERIES? BRICS EU I SEA? BECAUSE SIRI? There are so many possibilities with those extra letters

[rat03gopoh]

This is not looking good, if more and more countries are joining BRICS, then in the end it will be US+EU vs BRICS which is world war 3.

Not going that far, almost all BRICS countries are also active in several global organization which consist of other influential European countries such as the UN, G20 etc. After all, the BRICS does not form military alliances to "aid" a war in its member countries.

[retreat]

-snip-

Let's discuss the results of this expansion on the global economy and the possible position of the G-7 countries. And do you think that this is the beginning of the formation of a new world order, especially since in the speech of Russian President Vladimir Putin, he had stressed the need to deal with a common currency among the countries of the group in addition to local currencies ?

This is not to create a new world order, but to balance power in a world dominated by the West. We know that developing countries in the world are constantly under pressure from developed countries gathered in the G7. They (G7) want to keep these developing countries like that and do not plan to let these developing countries become more developed. The BRICS steps to be able to present a more profitable and inclusive economic cooperation allow the members who are in it and the countries they work with to be able to prosper their countries and possibly get them out of the zone of developing countries into developed countries.

[GxSTxV]

This is not looking good, if more and more countries are joining BRICS, then in the end it will be US+EU vs BRICS which is world war 3.

We need to have more and more country to be neutral, so when there's an attack from the another country, the other will support it and cool down the war. If there's only two big group, when a country attack another one, the other country will help and trying to attack back.

BRICS organization doesn’t have intentions to start a war or plan for one, it’s more about developing each country industry and economy with more trades between them. Knowing that US controlling the trades all over the world didn’t really help those countries in the opposite it’s making things hard for these countries with the wars that are happening now between Ukraine and Russian. The European countries are locking everything for Russia which is the reason why they want to make a change.
Unfortunately, Algeria wasn’t in the list of new joiners even after the meetings and aid they spent in this organization. One of the things that all people in Algeria were against is locking the economy and trades with the Europe we have a serious lack in product because of focusing much to join BRICS. I hope our government open their eyes to free the trades between Europe and US finally

[SamReomo]

The new 6 countries that mentioned in the article seems only got the invitation, none of those country has confirmed that they actually want to join BRICS at least as far as I know and at the time when I write this reply. All that being said if those countries were to join BRICS then it is a new world order indeed, they already got India and China, with UAE, Saudi, and Iran join in the west should really consider to start their move (whatever that move is, but idk). No offense but UAE, Saudi and Iran will have more significant influence than the other three countries.

This is wrong. Before the BRICS summit, 22 countries filed formal applications to join the alliance and six applications were granted. Initially, 5 applications were granted, then Ethiopia was added to them for "geographical reasons". Officially, membership in the alliance will begin for new members on January 1, 2024, and the alliance itself will probably be renamed BRICS+.

You're right that those 22 countries already applied to become part of the BRICS and after some wait time some of those countries were invited by BRICS which are mentioned in this thread. The remaining countries that applied to join BRICS are in waiting list and after some time they will also be invited in the similar fashion. The BRICS is going to expand far beyond our imagination and in future most of the world will be a part of it. Every country knows that and they want to take advantage of it in the early days because in later days there applications would take longer time to be accepted and invited.

[Fiatless]

These countries are Egypt, Iran, United Arab Emirates, Saudi Arabia, Ethiopia, and Argentina. He also announced a consensus regarding the first stage of expanding BRICS, so that the membership of new members begins on January 1, 2024, while stressing that the doors of membership will remain open to other countries in the future, such as Algeria and Indonesia, which are not yet ready to join.

It is good to have more nations in the BRICS alliance because it will help expand its influence and help it achieve its aim. I am pleased to see mainly Iran, United Arab Emirates, and Saudi Arabia because they have big economies but I am only sure of Iran. Saudi and UAE can be easily influenced by the West and might fail to facilitate the policies of the alliance. But Iran has what it takes to pursue the BRICS agenda because they have built a sanction-proof economy. Iran will be able to teach these nations how to survive sanctions which is the major instrument of oppression. If this organization wants to achieve its goals, they have to be united and pursue a common goal without fear of intimidation and oppression.

[bitmover]

Today, at the start of the closing day of the BRICS meeting, the President of South Africa announced an important decision regarding the BRICS acceptance of the invitation of six countries to become new members of the BRICS group. These countries are Egypt, Iran, United Arab Emirates, Saudi Arabia, Ethiopia, and Argentina.

As a Brazilian,  I see this as a terrible news.

Dictatorships and poor countries like Argentina which are controlled by failed ideologies. I wouldn't be surprise to see Cuba and North Korea as next addition to the group.

I will add this quote by groucho Marx, which clearly represents what I think.

[Faisal2202]

To be honest, these countries are also lower in numbers, but just think of most of the countries other than the previous one and some of the 2 or 3 new countries that have now been added to the five-country list. Are already struggling with their economic situations, and countries facing economic crises always end up with the support of the US.

I will not say how things turn out because we are all educated enough to understand that. The point is how much impact this grouping will have on the economy and the US. Which you also asked. Well, long story short, this will have a good impact for those who have to pay huge debt to the US because once the BRICS start to succeed, dedolarization will start and it will become easy for a country stuck in a debt cycle.

While it might not be a good thing for a country that has no debt in US dollars but has reserves in US dollars, Because dedolarization will decrease their portfolio. Other than these impacts, there are many others, and shedding light on all of them is going to take too much time.

[coupable]

I was following the news all day and I noticed the agreement of analysts that both Morocco and Algeria were strong candidates to join the BRICS, but that was not possible because there is a geopolitical dispute between them over the Western Sahara issue. This was explained by the acceptance of membership by Ethiopia and Egypt, which apparently reached a consensus between them on the issue of the Grand Ethiopian Renaissance Dam.

It seems that today is Russia's lucky day, since the BRICS group has become an integrated global pole, which will help it strengthen its global position against Western sanctions. And also because of the death of the leader of the Wagner Group, who was a challenge to the Kremlin after leading the recent coup attempt.

[bitLeap]

I will not underestimate the BRICS congress, they really want to try to change the stigma associated with world finances. Whether we admit it or not, we cannot rule this out, the BRICS is filled with the countries with the most populous population, even India has just announced Chandrayaan-3 successfully landed on the moon and made India one of the countries with the lowest costs for this. According to Bridenstine

"India in its ambition must have the desire to invest more and develop capabilities that are more on par with the United States,". Isn't this a challenge where when the BRICS might be motivated to continue to be the US as one of the countries to compete with.

So this is only 1 country among the BRICS countries which is highly developed, if all countries start to have a way of thinking and are very motivated then the US will be increasingly threatened, let alone its finances in the world.

[Davidvictorson]

Let's discuss the results of this expansion on the global economy and the possible position of the G-7 countries. And do you think that this is the beginning of the formation of a new world order, especially since in the speech of Russian President Vladimir Putin, he had stressed the need to deal with a common currency among the countries of the group in addition to local currencies ?

It is too early in my estimation to jump into conclusion about this. We are still observing the developments. Since it is a new group it is expanding. From what has been reported over 40 countries applied. Some interesting things to note about his group is that it aims to reduce reliance on politicized US dollar, enhance trade with local currencies. I think that this is good. Although my country is yet to join(I don't know if she will), yet I have argued in one of my posts in my local board that my country's economy will fare better if we move away from the heavy reliance on the US Dollar. Of course other steps needs to be taken in addition to this but this in itself if it happens will be a game changer.

[Gyfts]

BRICS is an economic partnership first, so their geopolitical ambitions are predicated on how aggressive they choose to be. We don't know what this looks like quiet yet. You can consider their strength relative to G7 to be proportional to the aggregate GDP of all combined members of BRICS and G7 respectively.

The more countries that join, the greater threat they become to G7.

[Unbunplease]

Economic unions, as history shows, are constantly transforming. The political situation in countries can change dramatically, and one or another economic union will simply lose its relevance. The larger BRICS becomes, the more internal disputes and disagreements will arise.

[Cryptomultiplier]

Since I have been following up on the BRICS updates, it is glaring how the new world order is already being established without even a world war or as much as any international disturbance. At least the demand for the USD will reduce, this will make its price hopefully reduce too.
I saw a brief reel on Instagram of China's Presidential visit to South Africa because of this same BRICS initiative. It is gaining appraisal by the day.

At least, we would get to see a change in the economic activities that leads to growth and prosperity should this become successful. Not one that is forced by deals that is one-sided or controlling in total.
  The recession has swept on for too long and the USD has never stopped rising against my own local currency, making it rather hard to live well and afford to pays bills too.

[Bushdark]

I think Iran is already a member of the BRICS before now and things is going to get rough for the American dollars making there economy less stronger than what it is now. It is very certain that many countries in Africa will have no option than to Join and accept the BRICS membership has time goes on because many of the African countries is already passing through a rough  time since the time of colonial era. The movement of the BRICS currency is going to go far than what we are seeing now.

[panganib999]

Considering the fact that these countries are either in relation or in retaliation with the USA, I say the inclusions of these countries aren't so bad after all. It's not meant to specifically target US and its military, nor does it aim to push for civil unrest. I think people demonize the BRICS just cause they have countries that aren't in good terms with the US, when the primary goal of this organization in the first place is to just find ways and assistance to keep allies' economies afloat during a massive financial turmoil. Which goes without saying is something that they have all rights to do.

If we want to find fault in this organization, we might need to wait a while before that happens. Otherwise, let's just assume that the BRICS is an authoritative figure with nothing in mind but the betterment of allied citizens.

[icalical]

The new 6 countries that mentioned in the article seems only got the invitation, none of those country has confirmed that they actually want to join BRICS at least as far as I know and at the time when I write this reply. All that being said if those countries were to join BRICS then it is a new world order indeed, they already got India and China, with UAE, Saudi, and Iran join in the west should really consider to start their move (whatever that move is, but idk). No offense but UAE, Saudi and Iran will have more significant influence than the other three countries.

This is wrong. Before the BRICS summit, 22 countries filed formal applications to join the alliance and six applications were granted. Initially, 5 applications were granted, then Ethiopia was added to them for "geographical reasons". Officially, membership in the alliance will begin for new members on January 1, 2024, and the alliance itself will probably be renamed BRICS+.

My bad, I guess I only followed the BRICS stuff after they officially formed the first alliance of 6 countries, never researching about the previous event. But after some due diligence I found that there are actually 40 countries that are interested in joining, but only 22 that have filled official application.

[coupable]

Considering the fact that these countries are either in relation or in retaliation with the USA, I say the inclusions of these countries aren't so bad after all. It's not meant to specifically target US and its military, nor does it aim to push for civil unrest. I think people demonize the BRICS just cause they have countries that aren't in good terms with the US, when the primary goal of this organization in the first place is to just find ways and assistance to keep allies' economies afloat during a massive financial turmoil. Which goes without saying is something that they have all rights to do.

If we want to find fault in this organization, we might need to wait a while before that happens. Otherwise, let's just assume that the BRICS is an authoritative figure with nothing in mind but the betterment of allied citizens.

I had provided an explanation in a previous comment confirming your point of view in a completely objective manner, free from all kinds of bias. I will try to rephrase it more appropriately: The competition between the two poles {US-European & Brics+} is what can achieve stability for the global economy without this reaching the point of conflict. It should not be a war in which one side seeks to eliminate the other, and unfortunately, this is what the United States has been working on for decades. Just as it is important to diversify the forces between the poles of the planet, it is also important to diversify the currencies used in world trade. This does not mean completely abandoning the use of the dollar or replacing it with any other currency. Rather, the use of several currencies will help in the recovery of the current financial system, which suffers from successive crises due to the concentration of power in the dollar. It would never be good for the same dollar scenario to be repeated with another currency.

[pooya87]

I think Iran is already a member of the BRICS before now

Technically Iran wasn't a member but even more technically there was first Iran then came BRICS

One of the main reasons for creating BRICS was to challenge the dominance of US dollar and US. That means creation of new payment systems, new trade routes and relations that US can not dictate or prevent, creating a sanction proof economy, etc. Well, Iran as the most sanctions country for the longest time in history has already created all that. Iran already has sanction-proof payment systems, trade routes and partners, and a lot more.

I may be biased but to be honest the way I see it is that BRICS without Iran didn't mean much. Specially when you consider the historical role Iran (or Persia) played in the global economic scene for centuries connecting East and West by being at the heart of Silk Road, and it still is at the heart of the new Silk Road under the new name One Road One Belt.

[coupable]

I may be biased but to be honest the way I see it is that BRICS without Iran didn't mean much. Specially when you consider the historical role Iran (or Persia) played in the global economic scene for centuries connecting East and West by being at the heart of Silk Road, and it still is at the heart of the new Silk Road under the new name One Road One Belt.

This is an important point. Iran's location is its blessing as well as its curse, and this has been proven by the facts of history. Since the Middle Ages, travelers used to call Persia "the key to the East" until the construction of the Suez Canal, which reduced Iran's role in world trade.
It is important to address the reasons that delayed the formal inclusion of Iran in the BRICS since its inception, the most important of which is the international pressures on Iran since the fall of Reza Pahlavi (supported by America and the West) through the Islamic revolution in 1979, followed by a regional war against Iraq that lasted for 8 years (Saddam Hussein was supported by America at the time). Then, after the fall of the Soviet Union, Iran did not come out of the American Western considerations represented by the occupation of Afghanistan and Iraq and direct intervention in the Caspian Sea region through the establishment of a system of Eurasian corridors between Turkey, Azerbaijan, Uzbekistan, Kazakhstan and Georgia in order to achieve the geopolitical isolation of Iran because of the Russian-Iranian rapprochement that harms With American interests, according to which Iran will have two options, either to submit or to confront a hostile environment on its northern borders. Without forgetting to fuel the sectarian conflict with its Arab neighbors and to put more pressure on the background of the nuclear issue.
I find that these pressures are enormous, and it is really exciting that Iran has succeeded in steadfastness and the establishment of international alliances with such solidity. The BRICS countries were not able to declare a direct confrontation against America by officially accepting Iran's accession, and the cooperation remained formal. Today, the BRICS group feels stronger and that the announcement of Iran's inclusion in it will not meet any objection.

[cozytrade]

The speed of the BRICS currency is increasing day by day and it is believed that BRICS will soon become self-sufficient. It is clear that six more countries are included in this year's BRICS 15th conference. If BRICS is perfected in the world market, the pressure on the dollar will decrease a lot and the dollar will gradually disappear from the world market. As a result, the American economy will collapse a lot

[legendbtc]

The speed of the BRICS currency is increasing day by day and it is believed that BRICS will soon become self-sufficient. It is clear that six more countries are included in this year's BRICS 15th conference. If BRICS is perfected in the world market, the pressure on the dollar will decrease a lot and the dollar will gradually disappear from the world market. As a result, the American economy will collapse a lot

I support the BRICS and hope they will become bigger and more influential in the world. But I don't believe they can make the dollar disappear from the world market nor the US economy will collapse. Even finding a way to reduce their dependence on the USD is not a small challenge for them, and there is no guarantee that the BRICS will succeed. So don't expect that the US economy will collapse or the dollar will disappear completely, that's not possible, they will only weaken and we should hope that happens.

[WillyAp]

Let's not forget that BRICs unites about half of the world's population and precisely the poorest half.
Most people wish for the US to fail, I don't think they see that by the US failing it gets worse than now. 

[Smack That Ace]

Let's not forget that BRICs unites about half of the world's population and precisely the poorest half.
Most people wish for the US to fail, I don't think they see that by the US failing it gets worse than now. 

Can you point out who is expecting the United States to fail? What everyone is trying to do is create a multipolar world and become more just. It is unfair and unpleasant that the whole world depends on and is dominated by one great power. Why don't you and the haters of the BRICS think this is just a fair competition between world powers? If the United States is indeed in power, then there is no reason to fear the BRICS.
I don't support any country because the national interest always comes first, but I prefer to have competition and fairness rather than let one country take advantage of power to look down on others.

[pooya87]

I find that these pressures are enormous, and it is really exciting that Iran has succeeded in steadfastness and the establishment of international alliances with such solidity.

It's been a rough and long journey though. Reversing a downward spiral that lasted about 2 centuries is always expensive. We have a saying that they took a whale turned it into a pussycat (current map of Iran looks like a cat); that is the occupation/separation of 2.6 million km² from Iran between 1812 to 1970 starting from Caucasus to Iran's 14th province called Bahrain.
It took roughly 15 years from 1964 to 1979 to stop that downfall and start the reversal through a bloody revolution, then it took almost 5 decades in post revolution Iran to get to here with an 8 years of "hot" war (armed conflict) and 44 years of cold and hybrid war to get to here.

The BRICS countries were not able to declare a direct confrontation against America by officially accepting Iran's accession, and the cooperation remained formal. Today, the BRICS group feels stronger and that the announcement of Iran's inclusion in it will not meet any objection.

This is also another indication of the weakening United States. It is not just the POTUS who is a senile old man, he is the literal manifestation of a regime that used to be a superpower.

[Husires]

some of those countries are oil countries and are not industrialized or have an industrial renaissance, and they are all located in a close geographical area except for Argentina. Therefore, integration between these countries is already present and not as it was different in India, China, South Africa, Brazil and Russia. It seems that this alliance will be based on oil and logistics, not industrial development and a trained workforce, as we see in the G7.

If Indonesia joins with one of the countries in North America or Europe, then it will diversify and create a broader market.

[naira]

Let's discuss the results of this expansion on the global economy and the possible position of the G-7 countries. And do you think that this is the beginning of the formation of a new world order, especially since in the speech of Russian President Vladimir Putin, he had stressed the need to deal with a common currency among the countries of the group in addition to local currencies ?

Actually the term new world order has existed and was formed a long time ago, the new world order is not marked by the formation of the BRICS. Because of their broad nature, systems of economic and political control have alternated. Now it is undeniable that the BRICS is trying to increase its level of dominance in the eyes of the world, showing its fangs of power openly before the US. After this expansion, we can see how much the US has lost, which has not put up a fight because the US itself is preoccupied with its own dollar issues. Or you could say the US is too comfortable with the dollar system as if other countries don't dare to carry out a coup. I prefer to say it was a coup carried out by the initial actors after many US policies harmed the world, moreover the citizens themselves had to struggle to survive amidst the onslaught of inflation.

Russia is just making routes for any country that wants to fight back and improve its dilapidated economic system. Because the decision was returned to the country's leaders, which in my opinion, Russia was considered to have opened the path that they had hoped for, but did not dare to make it public. You know that the risks of developing countries that are still dependent on and indebted to the dollar will be easily suppressed. Therefore, Russia, which has strength not only in terms of economy, military, and natural resources, provides security guarantees for any countries that join. Moreover, with the additional guarantees from China, India, and Middle Eastern countries, everyone already believes in what kind of guarantee they will get later.

[uneng]

It's all about Russia and China trying to increase their influence in the world through the arrangement of third world nations against first world countries which are lead by USA. I don't know how strong this economical alliance can be, but I fear we get more distant from US and their allies to give preference to russians and chineses. Living in Brazil, personally, I prefer to stay with the occident, because it's still where freedom and individual rights are more respected than in the rest of the world. And if BRICS get stronger, I believe there is a real threat tyranical practices from the east may be applied to us too, even living in an western country.

[coupable]

The BRICS countries were not able to declare a direct confrontation against America by officially accepting Iran's accession, and the cooperation remained formal. Today, the BRICS group feels stronger and that the announcement of Iran's inclusion in it will not meet any objection.

This is also another indication of the weakening United States. It is not just the POTUS who is a senile old man, he is the literal manifestation of a regime that used to be a superpower.

After updating membership in the BRICS group, including updating the terms of application for accession, it is clear that the courage that some countries have become to bypass the United States (as a strategic ally) and to prefer the eastern option. China and Russia are in direct war against the United States, whether in the military or economic field, but other countries have always been committed to the rules of the game set by the United States, such as Saudi Arabia (a major export of oil to America and a loyal customer for the acquisition of American weapons) and Egypt, which depends on Its economy is largely dependent on US aid. Ethiopia and Argentina are not the most fortunate, and I would not have imagined that they would have this opportunity.

[ndutndut]

The speed of the BRICS currency is increasing day by day and it is believed that BRICS will soon become self-sufficient. It is clear that six more countries are included in this year's BRICS 15th conference. If BRICS is perfected in the world market, the pressure on the dollar will decrease a lot and the dollar will gradually disappear from the world market. As a result, the American economy will collapse a lot

I support the BRICS and hope they will become bigger and more influential in the world. But I don't believe they can make the dollar disappear from the world market nor the US economy will collapse. Even finding a way to reduce their dependence on the USD is not a small challenge for them, and there is no guarantee that the BRICS will succeed. So don't expect that the US economy will collapse or the dollar will disappear completely, that's not possible, they will only weaken and we should hope that happens.

The world urgently needs a multilateral, mutually inclusive and respectful economic development organization like the BRICS for all people in every country to improve their quality of life which is a true human right.

Because actually having a counterpoint against the western market in this case is the dollar seems like a good idea. If this was an economic alliance led by a sane, stable and generally calm country like India then that would be a great thing. If this is done not only for the purpose of 'fighting the west' but also 'taking over all costs currently being borne by the west for the countries of this region so that the west can be relieved of taking care of them' it sounds fair (you get the benefits but you are willing bear the costs of those benefits).

The BRICS is led by Russia and China, I understand why some of these countries like the 'idea', in fact many countries want to join. it's a nice 'idea', but even the best cars are only as good as their drivers. And hopefully these drivers don't go crazy and drive their cars over a cliff. Hopefully this will be a positive thing in the world economy.

[WatChe]

I think Iran is already a member of the BRICS before now and things is going to get rough for the American dollars making there economy less stronger than what it is now. It is very certain that many countries in Africa will have no option than to Join and accept the BRICS membership has time goes on because many of the African countries is already passing through a rough  time since the time of colonial era. The movement of the BRICS currency is going to go far than what we are seeing now.

Not only Iran but KSA and UAE have also joined BRICS. It will be interesting to see how BRICS will move on in coming days. China one founding member of BRICS has around 3 trillion USD of reserves and India has over 500 Billion USD of reserves. Its not in interest of India and China to see a weak USD, since that will have an impact on there economy too. The last common currency was EURO and after that there is no such development. BRICS has big powers like Russia and China, so defiantly it will have an impact.

[Mame89]

Not only Iran but KSA and UAE have also joined BRICS. It will be interesting to see how BRICS will move on in coming days. China one founding member of BRICS has around 3 trillion USD of reserves and India has over 500 Billion USD of reserves. Its not in interest of India and China to see a weak USD, since that will have an impact on there economy too. The last common currency was EURO and after that there is no such development. BRICS has big powers like Russia and China, so defiantly it will have an impact.

I really hope that with the addition of these new members, especially when later with further expansion to include Malaysia, Indonesia and Turkey, at the 2024 summit, the BRICS will surpass the G7 in all respects. The BRICS can reshape global dynamics. This certainly has the potential to be done. My only worry is that Western countries led by the United States will do everything they can to sabotage this. It's obvious they have the resources and the ability to do just that.

The BRICS concept is “Economic Democratization”. So it's going to be a great thing for the countries that are already on board. But After the BRICS currency was formed, I think it might take 5 to 10 years, then this game really exists.

[WillyAp]

Can you point out who is expecting the United States to fail?

Most leftist leaning people I know hate the US, and drive american made cars.
Of course also a few others from the EU, Northern Africa and such. Hate blinds as much as love.

[Mate2237]

I have not heard of this organization before and this is the first time I am hearing this. The Brazil, Russia, India, China and South Africa (BRICS) group is not for the betterment for African States and also I am suspecting that the Soviet Union is trying to form another bloc to support their new ideology. From my research, the organization needs 20 countries to join them and the ones they need have not shown interest. Such organizations do not favor Africa countries.

The only financial or economic freedom organization African countries need is the economic organization within Africa with one currency in the whole Africa and not international economy Organization to edify African economy. As a well educated scholar about African history, I am not in support of this bloc ideology in Africa. This will bring another economic conflict in Africa.

[Sithara007]

Dozens of countries have applied to join BRICS, but some of the founding members have long-standing hostilities. One example is between India and China. Very recently there was a border clash, in which dozens of soldiers died from both the sides. So an economic union between the BRICS nations looks unviable for now. And then there is the issue about a common currency. At this point, I don't believe that any of the national currencies in BRICS bloc has the capability to replace the USD. CNY looks like the strongest one, but even it is heavily manipulated by the government. 

[be.open]

Dozens of countries have applied to join BRICS, but some of the founding members have long-standing hostilities. One example is between India and China. Very recently there was a border clash, in which dozens of soldiers died from both the sides. So an economic union between the BRICS nations looks unviable for now. And then there is the issue about a common currency. At this point, I don't believe that any of the national currencies in BRICS bloc has the capability to replace the USD. CNY looks like the strongest one, but even it is heavily manipulated by the government. 

As far as I know, at the recent BRICS summit, Xi and Modi had fruitful behind-the-scenes talks between themselves on the issue of mutual territorial claims. I hope that this conflict between India and China will be peacefully resolved, or at least the leaders of both countries will be wise enough to avoid escalation and continue to fight with sticks, not missiles.

[Kakmakr]

I think a lot of people are making too much of the BRICS summit. They clearly said that they wanted to strengthen trade agreements between the member countries and if a "new" currency are developed.... it will merely be used to make transactions easier between these countries.

The "West" has used international payment systems as a political tool to force certain countries to adhere to their commands. (sanctions and blocking SWIFT or VISA payments and even blocking transfers from targeted individuals)

In the meantime ....those countries are going to use their local currencies more to strengthen their own economies and not just the US or the UK ..... or the European currencies.   

[justdimin]

It's all about Russia and China trying to increase their influence in the world through the arrangement of third world nations against first world countries which are lead by USA. I don't know how strong this economical alliance can be, but I fear we get more distant from US and their allies to give preference to russians and chineses. Living in Brazil, personally, I prefer to stay with the occident, because it's still where freedom and individual rights are more respected than in the rest of the world. And if BRICS get stronger, I believe there is a real threat tyranical practices from the east may be applied to us too, even living in an western country.

That is a trouble even right now, and the fact that they could grow to be bigger is definitely scare for sure. However, I do not think that they will get more powerful, they still need the money from the west, all these nations are poor compared to west, only nation in all this list that could be considered rich is China and even they are having financial breakdown right now, USA could crash as much as they want and still come out on top and that is what matters.

I believe that we need to end up with a situation that is a bit different and should be considered that BRICS could never be rich and just need money from the west all the time, they need to sell their resources, factories, workers, and everything else just to get money from the west.

[NotATether]

Today, at the start of the closing day of the BRICS meeting, the President of South Africa announced an important decision regarding the BRICS acceptance of the invitation of six countries to become new members of the BRICS group. These countries are Egypt, Iran, United Arab Emirates, Saudi Arabia, Ethiopia, and Argentina. He also announced a consensus regarding the first stage of expanding BRICS, so that the membership of new members begins on January 1, 2024, while stressing that the doors of membership will remain open to other countries in the future, such as Algeria and Indonesia, which are not yet ready to join.
With the accession of these countries, the BRICS bloc now includes 46% of the world's population (almost half), with a gross domestic product of more than the quarter of the global GDP, which will make it a new engine for the global economy.

EU BRICS, I SEA. 

They are going to have to change the name if they want to accommodate all of these nations.

Anyway, a counter-balance to western countries is a good thing in my opinion - they hand out sanctions quickly, but take too long to remove them, and populations of those countries will suffer for that.

That is a trouble even right now, and the fact that they could grow to be bigger is definitely scare for sure. However, I do not think that they will get more powerful, they still need the money from the west, all these nations are poor compared to west, only nation in all this list that could be considered rich is China and even they are having financial breakdown right now, USA could crash as much as they want and still come out on top and that is what matters.

I believe that we need to end up with a situation that is a bit different and should be considered that BRICS could never be rich and just need money from the west all the time, they need to sell their resources, factories, workers, and everything else just to get money from the west.

*USA (fixed that for you).

USA is the only country which can print unlimited amounts of its own money, the rest of the west can't do that because the dollar is the global reserve, backed by the US government.

That makes you end up in a position where we can't even solve our own citizens' problems, but we somehow have the enthusiasm to meddle with other peoples'.

[iv4n]

This is not looking good, if more and more countries are joining BRICS, then in the end it will be US+EU vs BRICS which is world war 3.

We need to have more and more country to be neutral, so when there's an attack from the another country, the other will support it and cool down the war. If there's only two big group, when a country attack another one, the other country will help and trying to attack back.

The book is set in 1984 in Oceania, one of three perpetually warring totalitarian states (the other two are Eurasia and Eastasia).

George Orwell's 1984!

It's interesting when this book was written. I first read it in high school... I read it again when I was 19-20 years old. Now I'm close to 40 and I think I should read it again just to remind myself what really awaits us all in the near future. In the 21st century, people are crazier than ever before, and perhaps the biggest problem is arming, there are more of them than ever and everyone is still arming themselves. I just wonder where they will go with all those weapons...

[Negotiation]

BRICS has grown to eleven countries instead of five but these can often work against their own organization. As the economies of the BRICS member countries differ greatly their governments have different foreign policies. That is why it was very difficult for them to agree the matter took more time to be decided when indian prime minister narendra modi proposed setting two qualifications for membership. Interested countries must not be the target of any international sanctions and must meet a minimum standard of GDP per capita. India sees BRICS not as an organization opposed to the west but as a country that can cooperate to work for global peace and economic development.

[Flexystar]

That is interesting partnership but with future ties. Anything can happen in between until January 2024. I am more or less happy that these countries are coming together as alliances of East! I am not sure how far BRICS will go but it looks like they have started to free up their main engines just now.
This will help them prosper in many ways as various trade route open ups for them leaving behind all the grudges. The trade routes, manufacturing support, labors, and raw material supply chain will be readily available in that circle and thus boosting the economies for them. The world needs that just right now since everything is moving very fast and silk roads are not the next gen stuff due to lack of new thinking. Just having smartphone 1-100 version or AI's replacing the human jobs ain't gonna help it. BRICS and upcoming nations are looking at it very differently and it can definitely help them progress unidirectionally.

These countries are Egypt, Iran, United Arab Emirates, Saudi Arabia, Ethiopia, and Argentina.

So, what are they going to call it now? BI CAUSERIES? BRICS EU I SEA? BECAUSE SIRI? There are so many possibilities with those extra letters

That could be BRICS-ALLINCES or may be BRICSAL.

[WillyAp]

Dozens of countries have applied to join BRICS, but some of the founding members have long-standing hostilities. One example is between India and China. Very recently there was a border clash, in which dozens of soldiers died from both the sides. So an economic union between the BRICS nations looks unviable for now. And then there is the issue about a common currency. At this point, I don't believe that any of the national currencies in BRICS bloc has the capability to replace the USD. CNY looks like the strongest one, but even it is heavily manipulated by the government. 

Yup and often overlooked by people having a inner orgams when anti americanism gains traction. Although in my eyes BRIC is a poor people's club. Their Governments might have enough cloud, their people have not.

[YUriy1991]

Dozens of countries have applied to join BRICS, but some of the founding members have long-standing hostilities. One example is between India and China. Very recently there was a border clash, in which dozens of soldiers died from both the sides. So an economic union between the BRICS nations looks unviable for now. And then there is the issue about a common currency. At this point, I don't believe that any of the national currencies in BRICS bloc has the capability to replace the USD. CNY looks like the strongest one, but even it is heavily manipulated by the government. 

Yup and often overlooked by people having a inner orgams when anti americanism gains traction. Although in my eyes BRIC is a poor people's club. Their Governments might have enough cloud, their people have not.

  Between themselves actually there is a potential for quite large conflicts, such as between China and India but, what has become my focus is not only this but the current high burden of living and debt levels soaring high in the long term duration the consequences for this will indirectly affect the level of social welfare as well in the end.

[slapper]

There's no denying its shaking up the geopolitical playground. But listen, lets not forget, size doesnt always mean power. When it comes to influence, the G-7 nations still pack a wallop.

A common currency? I've got my doubts. The distinction between these countries is gigantic - literally, an ocean apart. Iran and Argentina? They might as well be on different planets. You're telling me they'll agree on a common currency? Not happening, folks.

Putin talks big; but even if he's on to something, its a long road ahead. This isnt the start of a new world order; its just reshuffling the deck.

[WillyAp]

There's no denying its shaking up the geopolitical playground. But listen, lets not forget, size doesnt always mean power. When it comes to influence, the G-7 nations still pack a wallop.

Exactly, BRIC might have 40% of the population but that population has little buying power.
In reality BRICS ist not about de-dollarization but about avoiding being sanctioned.
90+ % of all banks work over the swift system, that means your dollars sent from India to Argentina cross the US.
So if you happen to be an oil Minister and your money is not really clean, chances are high the money causes an investigation. 





 

[coupable]

BRICS has grown to eleven countries instead of five but these can often work against their own organization. As the economies of the BRICS member countries differ greatly their governments have different foreign policies. That is why it was very difficult for them to agree the matter took more time to be decided when indian prime minister narendra modi proposed setting two qualifications for membership. Interested countries must not be the target of any international sanctions and must meet a minimum standard of GDP per capita. India sees BRICS not as an organization opposed to the west but as a country that can cooperate to work for global peace and economic development.

BRICS countries are not in perfect harmony and there are differences between many of them. I do not know how it will be possible to overcome these differences and establish lasting partnerships.
For example, there is an old dispute between India and China because of a pending border dispute. This dispute caused diplomatic problems between the two countries and disrupted many joint projects.
We also have a dispute between Egypt and Ethiopia because of the Grand Ethiopian Renaissance Dam in the course of the Nile River.
Likewise, the eternal conflict between the Kingdom of Saudi Arabia and Iran due to sectarian and geopolitical problems.

[Yogee]

BRICS has grown to eleven countries instead of five but these can often work against their own organization. As the economies of the BRICS member countries differ greatly their governments have different foreign policies. That is why it was very difficult for them to agree the matter took more time to be decided when indian prime minister narendra modi proposed setting two qualifications for membership. Interested countries must not be the target of any international sanctions and must meet a minimum standard of GDP per capita. India sees BRICS not as an organization opposed to the west but as a country that can cooperate to work for global peace and economic development.

BRICS countries are not in perfect harmony and there are differences between many of them. I do not know how it will be possible to overcome these differences and establish lasting partnerships.
For example, there is an old dispute between India and China because of a pending border dispute. This dispute caused diplomatic problems between the two countries and disrupted many joint projects.
We also have a dispute between Egypt and Ethiopia because of the Grand Ethiopian Renaissance Dam in the course of the Nile River.
Likewise, the eternal conflict between the Kingdom of Saudi Arabia and Iran due to sectarian and geopolitical problems.

Don't you all think these issues you were pointing out were not already seen as potential hindrances before they put up BRICS or join it? The leaders will always put their own countries' interest first but they probably have a common goal or interest so it seems to me that they are willing to sort it out.

[Afnan_faizah]

I think the number of the countries that will join BRICS will increase as the world situation is in uncertainty. Nothing last forever, some changes maybe happen and all countries must be prepared. each country always looking for anything that will give benefits for itself.

[Pingrapole]

The purpose of BRICS is not only regional development and trade, their main focus is actually to take a strong stand against the West by bringing together those who speak out against the Western world.To become a collective power so that they can become power can work as The main reason for joining this alliance is to get loans from the established New Development Bank In fact, the foundation of this organization is China. They established it in 2009. Since then, this organization has been increasing their activities one by one and they include all the countries that need them. What needs to be done is to try to get them to participate one by one as in the last conference a total of 11 countries were included and in the future maybe some more important countries will be included.How to separate other countries from America or the West and help them to move independently has many words written for them which are general. The organization has e, but its real objective is to prevent the hegemony of the western world Attempts are being made to include only those states which are going to be the tigers of tomorrow so that they can be consolidated into a powerful force.Almost half of the total manpower of the world has already been included here, only waiting to see their activities in the future The main purpose of this alliance is to counter the hegemony of the USD or US currency as it is seen as an alternative mechanism where different countries use their own currencies.As a result, the use of the dollar will continue to decrease day by day, which is the real objective, but whether the US will allow it to succeed in any way is now a matter of thinking because many of the countries that are now part of the BRICS are not there.It is part of America's prerogative that America or the West cannot make a unilateral decision in favor of China even if they want to.In fact, the New Development Bank of BRICS is expected to be used as an alternative to the World Bank or International Money Transfer, but it remains to be seen whether it will ultimately succeed.The US does not allow many developing countries to grow up many times because of various pressures or military power or various other reasons to keep them down, but BRICS is the new engine of the new world. Everyone sees it because this institution or organization wants to speed up the developing or forward-looking state by valuing the US hegemony and at the same time another.Which is New Silk Road It covers the world under what is known as the Belt Off Road Initiative The countries of one part of the world will join with the other part and conduct their economic activities and the Big Bang or BRIC organization is very important to conduct these economic activities. And China and its member states can fully meet their objectives

America or western countries are controlling the world trade with the intention of forming BRICS that they will not be allowed to do so and everyone should be given equal rights and all countries should progress equally.And the purpose of BRICS should be to build trade and military alliances as well as not to make any country smaller or bigger and equally to move them forward and many There are many states that can be included in BRICS by including those states and through and through Creating a Balanced System If Bangladesh could not be included in BRICS this time, there may be various reasons, but the president of China or their president has assured that if the future Bangladesh is included in BRICS this time.A lot can be expected to work with one of the largest parliaments in the new world, which will accelerate the development of Bangladesh As of 2017, China accounts for 17 percent of BRICS GDP.


Finally, I can say that it is normal that the scope of every organization or every organization will increase day by day, but the increase will be reasonable, for example BRICS has increased because their activities are better day by day. India is moving towards their objective to stop the western world domination and as its objective, 11 countries have become the BRICS summit in the future.
India is moving towards their objective to stop the western world domination and as its objective, 11 countries have become the BRICS summit in the future.States that will successfully carry forward the purpose of BRICS are Egypt, Iran, United Arab Emirates, Saudi Arabia, Ethiopia, and Argentina

[dothebeats]

Well, eleven is definitely a big jump from the previous 5 that became a part of the bloc of Brazil, Russia, India, China, and South Africa (BRICS). Despite those countries not having the same economic muscle or capability (including power, authority, and influence) as the G7, the Global North and the Washington (pertaining to the US government here, in general) countries who are now part of the BRICS can have the drive and confidence of the strategic strength to say that they have BRICS backing them up now. Despite many analysts stating that BRICS is not a Global South front and is only an organization of 11 countries as its member, the real threat is more than the six members according to the news published by Aljazeera in their interview with Na’eem Jeenah a senior researcher at Mapungupwe Institute for Strategic Reflection is the 40 countries that expressed interest in joining. If the interest is brewing now and there are 11 members now, what more in 20-30 years' time?

Source of the news article for anyone who wants a thorough read and more info: https://www.aljazeera.com/news/2023/8/24/analysis-wall-of-brics-the-significance-of-adding-six-new-members

[Smack That Ace]

BRICS has grown to eleven countries instead of five but these can often work against their own organization. As the economies of the BRICS member countries differ greatly their governments have different foreign policies. That is why it was very difficult for them to agree the matter took more time to be decided when indian prime minister narendra modi proposed setting two qualifications for membership. Interested countries must not be the target of any international sanctions and must meet a minimum standard of GDP per capita. India sees BRICS not as an organization opposed to the west but as a country that can cooperate to work for global peace and economic development.

BRICS countries are not in perfect harmony and there are differences between many of them. I do not know how it will be possible to overcome these differences and establish lasting partnerships.
For example, there is an old dispute between India and China because of a pending border dispute. This dispute caused diplomatic problems between the two countries and disrupted many joint projects.
We also have a dispute between Egypt and Ethiopia because of the Grand Ethiopian Renaissance Dam in the course of the Nile River.
Likewise, the eternal conflict between the Kingdom of Saudi Arabia and Iran due to sectarian and geopolitical problems.

Don't you all think these issues you were pointing out were not already seen as potential hindrances before they put up BRICS or join it? The leaders will always put their own countries' interest first but they probably have a common goal or interest so it seems to me that they are willing to sort it out.

Just like the EU alliance before the war between Russia and Ukraine broke out, they also have disagreements and cracks in bilateral cooperation. But it was the war that helped them overcome all animosity to fight Russia together. The same thing can happen with countries in BRICS, once they have a common goal and enemy, it is entirely possible that they will ignore all disputes to join forces. As long as everyone works together to achieve the main goal, other small problems will no longer be a problem worth mentioning.

[Sayeds56]

Let's discuss the results of this expansion on the global economy and the possible position of the G-7 countries. And do you think that this is the beginning of the formation of a new world order, especially since in the speech of Russian President Vladimir Putin, he had stressed the need to deal with a common currency among the countries of the group in addition to local currencies ?

The ongoing expansion of BRICS is a welcome development that represents a step forward towards fostering more balanced and fair financial system, which can potentially lessen the over reliance on US dollar centric financial system. Given the eagerness of many nations to join this influential group. It is optimistic to anticipate that this advancement will open new opportunities for smaller countries to experience rapid economic growth through multilateral trading and generate prosperity for their populations.

[Synchronice]

Today, at the start of the closing day of the BRICS meeting, the President of South Africa announced an important decision regarding the BRICS acceptance of the invitation of six countries to become new members of the BRICS group. These countries are Egypt, Iran, United Arab Emirates, Saudi Arabia, Ethiopia, and Argentina.

It's a resume of a guy who applies as a senior software developer but finished bootcamp two days ago.
The list is phenomenal, economic powerhouses with the highest quality of life. C'mon, what's the point? By the way, I'm really shocked why do United Arab Emirates and Saudi Arabia want to join their alliance? They are getting all the money from the USA, all those apartments and luxuries were architected, designed, built, made by Europeans and Americans, do they think it's better future for them to join BRICS?

BRICS is just getting stronger especially with the participation of UAE and Saudi Arabia. This will surely going to give the alarm call to the USA and its alliances.

That's why people from BRISC countries are asking for Asylum in EU.

This is not looking good, if more and more countries are joining BRICS, then in the end it will be US+EU vs BRICS which is world war 3.

Why doesn't it look good? Or bad? If they are uniting for world war 3 to kill themselves and everyone else, then what's the point? Are they uniting to become kamikazes together? US + EU will always be the strongest with the best economy and best standard of living. If BRICS manages to achieve that, then it will be amazing, we should aim to have a peaceful and beautiful life, we shouldn't destroy each other for achieving something good but I'm afraid in BRICS countries majority of people will suffer while only some may see increased profit.

[tread93]

This main currency there have been reports that Russia is trying to come up with their own gold backed currency. I wonder if they will go back to backing on gold if it will be helpful and successful. USD was basically pegged to the dollar before and now the Saudis have followed suit with BRICs due to start in 1 day so I wonder if they would play a crucial role in pegging the main currency to oil or gold or a combination of both?

[pooya87]

Although in my eyes BRIC is a poor people's club.

LOL majority of resources are now in the hands of BRICS countries. In energy alone, now 80% belongs to BRICS countries, if you think that's "poor people's club" then review the 70's and how the crazy Arabs sanctioned the West and burnt Europe's economy to the ground.

In reality BRICS ist not about de-dollarization but about avoiding being sanctioned.

That's the same exact thing! How do you think US sanctions other countries, with sticks and stones?

In the Old World Order where countries used to use US dollar for all their trades, when US wanted to sanction a country they simply stole all their dollars by blocking them in the SWIFT system and in their banks. In the New World Order where dollar is used less and less every day, US has decreasing capability to sanction others and is only isolating itself.

[DrBeer]

USA is the only country which can print unlimited amounts of its own money, the rest of the west can't do that because the dollar is the global reserve, backed by the US government.

That makes you end up in a position where we can't even solve our own citizens' problems, but we somehow have the enthusiasm to meddle with other peoples'.

India, probably the only country in the BRICS with a really good economy, a position on the world stage, and a well-thought-out policy, and a pragmatic and logical approach, openly declares:
"The key BRICS member acknowledges that the dollar will remain dominant despite oil deals in rupees and yuan.
The US dollar's dominance is not under any real threat from emerging market currencies, India's oil and gas minister told CNBC, despite recent efforts to dedollarize global trade.
The dollar is the dominant form of payment for goods such as oil. But in June, Indian refineries used Chinese yuan to buy Russian oil. And earlier this month, an Indian refinery used Rs to buy oil from the UAE.
When asked about the role of the dollar in the oil market, Hardeep Singh Puri replied that replacing it "is not so easy." When asked if the dollar's prominence would continue, he replied, "Yes, I think it will."
His comments came after the BRICS emerging-country bloc held its 15th annual summit last week to discuss de-dollarization ideas."

https://markets.businessinsider.com/news/currencies/brics-india-dollar-dominance-dedollarization-rupee-yuan-deals-alternative-currencies-2023-8

[coupable]

Today, at the start of the closing day of the BRICS meeting, the President of South Africa announced an important decision regarding the BRICS acceptance of the invitation of six countries to become new members of the BRICS group. These countries are Egypt, Iran, United Arab Emirates, Saudi Arabia, Ethiopia, and Argentina.

It's a resume of a guy who applies as a senior software developer but finished bootcamp two days ago.
The list is phenomenal, economic powerhouses with the highest quality of life. C'mon, what's the point? By the way, I'm really shocked why do United Arab Emirates and Saudi Arabia want to join their alliance? They are getting all the money from the USA, all those apartments and luxuries were architected, designed, built, made by Europeans and Americans, do they think it's better future for them to join BRICS?

Establishing new economic partnerships is never a bad idea. Joining BRICS does not mean severing relations with the United States and Europe, or even challenging them. The United Arab Emirates found itself for the first time in an alliance with its neighbor Iran, despite the dispute between them, as well as the Kingdom of Saudi Arabia.
In fact, we do not know what criteria were agreed upon to choose to invite any of the countries, except that the process was in the form of suggestions from the first members, and not based on requests to join.
I also believe that BRICS has become a media phenomenon that is given more than its value in assessing its capabilities in reality.

[WillyAp]

India, probably the only country in the BRICS with a really good economy, a position on the world stage, and a well-thought-out policy, and a pragmatic and logical approach, openly declares:
"The key BRICS member acknowledges that the dollar will remain dominant despite oil deals in rupees and yuan.
The US dollar's dominance is not under any real threat from emerging market currencies, India's oil and gas minister told CNBC, despite recent efforts to dedollarize global trade.

To say that you need to have lived there.
Marketdata hardly show realities in my humble opinion.
You can have lifted out of poverty 95% of the people but that does not mean they can afford transportation, healthy food, kids, college, and and and.

[hd49728]

Establishing new economic partnerships is never a bad idea. Joining BRICS does not mean severing relations with the United States and Europe, or even challenging them.

Agree because we see even inside NATO, Turkey did not choose side between the USA., NATO, Russia and Ukraine. They have trades with all those nations and they are still in NATO.

The United Arab Emirates found itself for the first time in an alliance with its neighbor Iran, despite the dispute between them, as well as the Kingdom of Saudi Arabia.

UAE have trades with many big nations that try to make their influence on UAE but it is not easy because UAE knows that they can work with all and should not make any harmful decision for their future relationships and trade chances with any big nation. Like after the Russia-Ukraine war, the USA, China and Russia all had some conversations in the UAE.

In fact, we do not know what criteria were agreed upon to choose to invite any of the countries, except that the process was in the form of suggestions from the first members, and not based on requests to join.
I also believe that BRICS has become a media phenomenon that is given more than its value in assessing its capabilities in reality.

A first criterion is not be a member of NATO because BRICS is created and expanded to build up a multipolar world and to compete with NATO. Other criteria, to be honest, I don't know but likely they are prioritizing nations with big economy sizes.

[Smack That Ace]

India, probably the only country in the BRICS with a really good economy, a position on the world stage, and a well-thought-out policy, and a pragmatic and logical approach, openly declares:
"The key BRICS member acknowledges that the dollar will remain dominant despite oil deals in rupees and yuan.
The US dollar's dominance is not under any real threat from emerging market currencies, India's oil and gas minister told CNBC, despite recent efforts to dedollarize global trade.
The dollar is the dominant form of payment for goods such as oil. But in June, Indian refineries used Chinese yuan to buy Russian oil. And earlier this month, an Indian refinery used Rs to buy oil from the UAE.
When asked about the role of the dollar in the oil market, Hardeep Singh Puri replied that replacing it "is not so easy." When asked if the dollar's prominence would continue, he replied, "Yes, I think it will."
His comments came after the BRICS emerging-country bloc held its 15th annual summit last week to discuss de-dollarization ideas."

https://markets.businessinsider.com/news/currencies/brics-india-dollar-dominance-dedollarization-rupee-yuan-deals-alternative-currencies-2023-8

There is no denying that the USD is still very strong and will continue to dominate most global trade transactions and replacing it is not easy. What the Indian Oil and Gas Ministry said is not wrong. But that doesn't mean they won't find a way to replace it in the future. No matter how they explain it, the purpose is to avoid causing conflicts in the cooperative relationship between the two countries. But it is a fact that India itself has not used USD in recent oil purchases. That means USD is hard to replace but they are also looking to reduce their reliance on it.

Although BRICS has not yet made much impression on the international community, but they do not stop and continue to develop, they are trying to shape the bloc to become clearer. So let's see what happens next.

[pooya87]

The United Arab Emirates found itself for the first time in an alliance with its neighbor Iran, despite the dispute between them, as well as the Kingdom of Saudi Arabia.

It is in no way an alliance. It is more like a mutual interest that has gotten Iran and Saudi Arabia (UAE is similar) closer same with the rest, otherwise this particular conflict dates back to one or two thousand years ago.

Basically after WWII countries came together to give power to the regime in Washington. Now that the regime has proven to be abusive of that power, once again the world is coming together to take that power away. That's the mutual interest.

In fact, we do not know what criteria were agreed upon to choose to invite any of the countries, except that the process was in the form of suggestions from the first members, and not based on requests to join.

It is both, meaning all these countries did in fact request to join and also the original members want them to join.

Take Saudi Arabia for example. Obviously BRICS wants an oil rich country that is literary THE definition of petrodollar to join a dedollarisation movement and on the other hand the Saudi regime wants to join BRICS to gain more independence and be able to start investing in Arabia's infrastructure and industry (instead of handing over all their money to US weapons factories to purchase garbage), something United States never allowed to happen (eg. building its first nuclear power plant).

This is why Saudi has been lobbying behind the scenes with both Russia and China to get the invitation.

[gunhell16]

Having a country join them has a significant impact on further solidifying their goals, thus the BRICS are simply demonstrating that the management they have in place is sound by having this happen. What the BRICS expansion will mean in the long run cannot yet be predicted. But it is undeniable that this is a big breakthrough that will significantly alter the world's political climate.

The BRICS growth is a complicated phenomenon that will have wide-ranging effects. How the bloc will be able to manage its expanded size and diversity, as well as how it will be able to accomplish its objectives in the face of geopolitical problems, remain to be seen.

[coupable]

The United Arab Emirates found itself for the first time in an alliance with its neighbor Iran, despite the dispute between them, as well as the Kingdom of Saudi Arabia.

It is in no way an alliance. It is more like a mutual interest that has gotten Iran and Saudi Arabia (UAE is similar) closer same with the rest, otherwise this particular conflict dates back to one or two thousand years ago.

We also find Egypt and Ethiopia who are going through a severe crisis due to Ethiopia’s insistence on filling the reservoir of the Renaissance Dam in a way that reduces Egypt’s share of the Nile River water. Expectations that the issue will be resolved with the help of BRICS.
Both Algeria and Morocco applied for membership to join BRICS, but both were not approved, although Algeria was one of the most likely countries to join, considering that it is a major economic power in the region and is considered a strategic ally of Russia, as well as Morocco, which represents the most prominent economic pole in North Africa. Most analyzes say that they were not accepted because of the dispute between them over the issue of Western Sahara (the Polisario Front).

[blue Snow]

Let's discuss the results of this expansion on the global economy and the possible position of the G-7 countries. And do you think that this is the beginning of the formation of a new world order, especially since in the speech of Russian President Vladimir Putin, he had stressed the need to deal with a common currency among the countries of the group in addition to local currencies ?

Probably did not create a new world order because American and Western hegemony was very strong even in the Woar World 3 is happening. I assume they are just building economic strength just for the defense of their currency only. I heard they want to bring Indonesia to join their community, but as far i know, The president still not commented anything about this, because when happen America and Allies will be hate Indonesia in world politics.

[yhiaali3]

In fact, it is an intertwined and complex political and economic issue. The BRICS alliance is essentially political, but it overlaps with the economic mainly because politics is in no way separated from the economy.

The existence of the BRICS alliance and the joining of more countries will allow the return of a multipolar world instead of the American unipolarity that imposes itself as a policeman on the world. This will give additional options, especially for poor countries, to get out of American hegemony, which has become hated by the majority of countries.

This alliance will also allow many countries to get rid of US sanctions and embargoes that are carried out either through the dollar or through US control over the global economy and the global banking system. If the BRICS countries are able to issue an alternative currency to the dollar, this will be the first nail in the coffin of the dollar and American hegemony.

[Sithara007]

We also find Egypt and Ethiopia who are going through a severe crisis due to Ethiopia’s insistence on filling the reservoir of the Renaissance Dam in a way that reduces Egypt’s share of the Nile River water. Expectations that the issue will be resolved with the help of BRICS.
Both Algeria and Morocco applied for membership to join BRICS, but both were not approved, although Algeria was one of the most likely countries to join, considering that it is a major economic power in the region and is considered a strategic ally of Russia, as well as Morocco, which represents the most prominent economic pole in North Africa. Most analyzes say that they were not accepted because of the dispute between them over the issue of Western Sahara (the Polisario Front).

The Egypt-Ethiopia issue is very tricky. Why should Ethiopia give all of its water to Egypt? Ethiopia is a poor country with a growing population, and therefore they also have an equal claim to the waters of Nile. The Nile water treaty was signed between colonial powers, without taking into consideration anyone from Ethiopia or South Sudan. Most of the water originates from the two African nations (Ethiopia/South Sudan) and more than 95% of it is consumed by the two Arab nations (Egypt and Sudan). Either the Arab nations need to pay fee to use the water, or they need to stop using it.

[posi]

In fact, it is an intertwined and complex political and economic issue. The BRICS alliance is essentially political, but it overlaps with the economic mainly because politics is in no way separated from the economy.

The existence of the BRICS alliance and the joining of more countries will allow the return of a multipolar world instead of the American unipolarity that imposes itself as a policeman on the world. This will give additional options, especially for poor countries, to get out of American hegemony, which has become hated by the majority of countries.

This alliance will also allow many countries to get rid of US sanctions and embargoes that are carried out either through the dollar or through US control over the global economy and the global banking system. If the BRICS countries are able to issue an alternative currency to the dollar, this will be the first nail in the coffin of the dollar and American hegemony.

The birth and rise of BRICS really opened up more choices for the world, especially for poor countries that have been suppressed by the US for many years. But the confusing thing is that so many people are stupid enough to think that American dominance is a good thing and they don't expect any change. People with that mindset make me think that they want to rely on others, need the protection of others, rather than stand up and build their own world. USD is hard to beat but by no means impregnable, I don't think it's going to die but it's time for it to give way to better.

[DrBeer]

....
The birth and rise of BRICS really opened up more choices for the world, especially for poor countries that have been suppressed by the US for many years.

Can you give real examples ? It would be very good if it was a list of countries - your so-called "poor countries". With each of them - a description of how they were suppressed by the USA ?!
Well, for example, they did not allow to build production, prohibited to build schools and hospitals, prohibited to work,..... Just with facts ?

Are you sure you are not confusing the phrase "poor countries" with "international pariah countries" ?

[be.open]

In fact, it is an intertwined and complex political and economic issue. The BRICS alliance is essentially political, but it overlaps with the economic mainly because politics is in no way separated from the economy.

The existence of the BRICS alliance and the joining of more countries will allow the return of a multipolar world instead of the American unipolarity that imposes itself as a policeman on the world. This will give additional options, especially for poor countries, to get out of American hegemony, which has become hated by the majority of countries.

This alliance will also allow many countries to get rid of US sanctions and embargoes that are carried out either through the dollar or through US control over the global economy and the global banking system. If the BRICS countries are able to issue an alternative currency to the dollar, this will be the first nail in the coffin of the dollar and American hegemony.

The irony is that the BRICS alliance politically consists of countries with a low level of democracy, and at the same time it offers a new, more advanced level of democracy in economic interaction. And the G7 countries are politically more democratically developed, but economically they promote an absolutely authoritarian agenda.

[tygeade]

Today, at the start of the closing day of the BRICS meeting, the President of South Africa announced an important decision regarding the BRICS acceptance of the invitation of six countries to become new members of the BRICS group. These countries are Egypt, Iran, United Arab Emirates, Saudi Arabia, Ethiopia, and Argentina.

It's a resume of a guy who applies as a senior software developer but finished bootcamp two days ago.
The list is phenomenal, economic powerhouses with the highest quality of life. C'mon, what's the point? By the way, I'm really shocked why do United Arab Emirates and Saudi Arabia want to join their alliance? They are getting all the money from the USA, all those apartments and luxuries were architected, designed, built, made by Europeans and Americans, do they think it's better future for them to join BRICS?

The sentence about how BRICS people are looking aslyum in Europe is the most important piece of information here. These nations could be rich overall for the top, or rich for the dictators at the top like China and Russia, but they are poor and starving for the citizens of it, and those people are trying to run away from it as much as I can.

To be fair west looks like it is a much better place to live compared to them as a citizen, if you could go there and live there then I would guess that it is going to be fine on the long run. I think it would be a good thing for sure, but it doesn't have that kind of return in the end, it will definitely have a different result one way or another and should be a troublesome thing.

[coupable]

The Egypt-Ethiopia issue is very tricky. Why should Ethiopia give all of its water to Egypt? Ethiopia is a poor country with a growing population, and therefore they also have an equal claim to the waters of Nile. The Nile water treaty was signed between colonial powers, without taking into consideration anyone from Ethiopia or South Sudan. Most of the water originates from the two African nations (Ethiopia/South Sudan) and more than 95% of it is consumed by the two Arab nations (Egypt and Sudan). Either the Arab nations need to pay fee to use the water, or they need to stop using it.

In the regions through which rivers cross, there is a distinction between what are called “upstream countries” (which are the countries that are the source of the river), “downstream countries” which are the countries that are at the end of the length of the river, and “transit countries” which are the countries that The river crosses through it. In the case of the Nile River, the division was fair and took into account the peculiarities and needs of each country, given that Sudan was part of Egypt and was subsequently divided by colonialism. The problem today is not about the share of water that each country takes. Rather, it started after Ethiopia decided to build the Renaissance Dam, as it decided to fill the dam’s reservoir in record time, which will cause the river level to drop for a long time, which will lead to disastrous results for Egypt, which exploits the river for agricultural activities and energy production. The only solution is for Ethiopia to change its policy to fill the reservoir at separate intervals, which it has not accepted until today.

[Bushdark]

This main currency there have been reports that Russia is trying to come up with their own gold backed currency. I wonder if they will go back to backing on gold if it will be helpful and successful. USD was basically pegged to the dollar before and now the Saudis have followed suit with BRICs due to start in 1 day so I wonder if they would play a crucial role in pegging the main currency to oil or gold or a combination of both?

The USD will lose it value soon which is because there currency is pegged to oil which is gradually diminishing with time. The BRICS countries will keep increasing and I am very sure that most countries in Asia and Africa will be the major members because that everyone seems to be looking for freedom from the US dominance which could be benefiting the West but others are suffering from it. The USD would no longer be use as international currency for trades like it used to be.

[yhiaali3]

The irony is that the BRICS alliance politically consists of countries with a low level of democracy, and at the same time it offers a new, more advanced level of democracy in economic interaction. And the G7 countries are politically more democratically developed, but economically they promote an absolutely authoritarian agenda.

Yes, what you say is true, this is a strange paradox indeed, but I expect that the absolute authoritarian policy promoted by the Group of Seven through its absolute control over all aspects of the global economy and keeping all countries of the world under the control of the global economic system controlled by these seven countries, this is the main reason behind The establishment of an alliance of BRICS countries in order to break this system and get out of its control by creating an alliance that is able to compete.

Although the BRICS countries have many political, economic, administrative, and even religious differences, I believe that they agree on one goal, which is to change the political and economic map of the world that was drawn and imposed by force by the United States and its Western allies.

[pooya87]

This will give additional options, especially for poor countries, to get out of American hegemony, which has become hated by the majority of countries.

What's interesting to point out is that majority of countries that you think are "poor countries" are actually super rich but are kept poor as they are the oppressed. For example look at Africa with different nations that keep making the news these days. They have vast amounts of wealth in form of minerals, energy, precious metals, etc. and at the same time they have the highest level of poverty, illiteracy, etc. simply because their wealth is being stolen by the colonizers!

Movements like BRICS have the potential of changing that.

And the G7 countries are politically more democratically developed,

I strongly disagree because the evidence suggests otherwise. The thing is, these countries have been able to reach a stability over the past couple of decades. In a stable society there is no need for authoritarian rule. But let that stability be disrupted a tiny bit and you'll see their true faces.

Take France for instance. Just recently as soon as the stability was threatened after the French police murdered a child they brought out the military to suppress civilians with martial law where nobody was even allowed to exit their homes! Meanwhile there is a media blackout, social media removes anything remotely related to France and the statistics of how many people the military killed is still not allowed to be made public. And they claim to have freedom of speech.

Besides I always say Democracy is a plague since it is just the modern form of dictatorship. The best example is United States with its primitive constitution and election where the population is only forced to choose between two incompetent men one worse than the other to become the new puppet. While the actual decision are made by the regime which they like to call "deep state" to make it sound like conspiracy theory.
Otherwise a senile old man who doesn't remember who he is half the time is not capable of anything or the previous idiot who was literally stripped of of all his powers according to the chairman of joint chiefs of staff.

[yhiaali3]

~Snip~

Thank you for the interesting post. This is the best thing I have read today. You have a very deep reading and insight. I strongly agree with you on both points:

Regarding the first point, yes, as you indicated, poor countries are actually rich countries, as they have enormous resources, but they are not allowed to benefit from these resources like African countries. It is poor because it does not have national sovereignty over its resources.

As for the second point about democracy in developed countries, this is what I call disguised democracy. It is like the beautiful, sexy,  prostitute girl that we see in the movies who seduces a man and then suddenly turns into a vampire and her true, hideous face appears. This is the reality of the so-called developed countries.

[Synchronice]

Although in my eyes BRIC is a poor people's club.

LOL majority of resources are now in the hands of BRICS countries. In energy alone, now 80% belongs to BRICS countries, if you think that's "poor people's club" then review the 70's and how the crazy Arabs sanctioned the West and burnt Europe's economy to the ground.

How are you going to use that energy? Go in European universities to get high quality education to use the resources that you have? Or are these countries going to somehow enlighten themselves and develop?
Who engineered Burj Khalifa? Who engineered Sheikh Zayed Grand Mosque? Who engineered Skidmore? Oh my god, west is really very underrated.
I think Europeans and Americans shouldn't expect migrants from BRICS countries from now on, right?

[DrBeer]

The USD will lose it value soon which is because there currency is pegged to oil which is gradually diminishing with time. The BRICS countries will keep increasing and I am very sure that most countries in Asia and Africa will be the major members because that everyone seems to be looking for freedom from the US dominance which could be benefiting the West but others are suffering from it. The USD would no longer be use as international currency for trades like it used to be.

Uhty !!!! Some new theory ! Would you be so kind to share such unique knowledge, for me, and I think others will also be interested !??
Of course it will be interesting to see arguments, data, logical arguments.
I just always thought that resource-based currency pegging can be only for resource countries, which do not have developed industry, technology, influence, etc.

So it will be very interesting to listen to you, really interested

[pooya87]

How are you going to use that energy? Go in European universities to get high quality education to use the resources that you have? Or are these countries going to somehow enlighten themselves and develop?

They go to the outer space aliens who built the European universities and gave them the knowledge and learn it from them

But seriously, which country are you talking about? Each country has its own strengths and weaknesses and each have different tools at their disposal that they can use. There are no general answer for all these questions.
For example some BRICS members already have the knowledge and experience for building infrastructure and already have their own. The most recent member of BRICS, Iran is one of them that already has the technology needed for exploring, extracting and refining oil and gas and not only has its own infrastructure domestically but also is building more for other countries abroad.

I think Europeans and Americans shouldn't expect migrants from BRICS countries from now on, right?

Why do you think that this time the world is going to change overnight?

[dothebeats]

This main currency there have been reports that Russia is trying to come up with their own gold backed currency. I wonder if they will go back to backing on gold if it will be helpful and successful. USD was basically pegged to the dollar before and now the Saudis have followed suit with BRICs due to start in 1 day so I wonder if they would play a crucial role in pegging the main currency to oil or gold or a combination of both?

The USD will lose it value soon which is because there currency is pegged to oil which is gradually diminishing with time. The BRICS countries will keep increasing and I am very sure that most countries in Asia and Africa will be the major members because that everyone seems to be looking for freedom from the US dominance which could be benefiting the West but others are suffering from it. The USD would no longer be use as international currency for trades like it used to be.

This is a big claim, however, I would like to ask for citations or sources supporting your theory. See, despite the current happenings with BRICS, the reality is the US and USD are not going down as easily as everyone thinks they will. First off, a lot of countries have a reciprocal relationship with the U.S. in terms of debts and trade. USD collapsing is highly unlikely due to its stable status both politically and economically. Moreover, many nations hold reserves of USD and the demand for USD is high.

Now, until you cite credible sources that can actually provide great points on why and how USD will soon meets its downfall please let us refrain from just throwing random baseless theories that confuses new members.

[Synchronice]

For example some BRICS members already have the knowledge and experience for building infrastructure and already have their own.

Thanks to western countries and globalization, they gained knowledge and experience.

I think Iran is already a member of the BRICS before now

Technically Iran wasn't a member but even more technically there was first Iran then came BRICS

One of the main reasons for creating BRICS was to challenge the dominance of US dollar and US. That means creation of new payment systems, new trade routes and relations that US can not dictate or prevent, creating a sanction proof economy, etc. Well, Iran as the most sanctions country for the longest time in history has already created all that. Iran already has sanction-proof payment systems, trade routes and partners, and a lot more.

I may be biased but to be honest the way I see it is that BRICS without Iran didn't mean much. Specially when you consider the historical role Iran (or Persia) played in the global economic scene for centuries connecting East and West by being at the heart of Silk Road, and it still is at the heart of the new Silk Road under the new name One Road One Belt.

- Why are you biased?
- Who says I'm biased?
- You are biased!
Just kidding, imagine this dialogue the way they say.

BRICS countries are all poor corrupt countries. Do you think it's west to blame for their high corruption and poverty? Do you think that by creating BRICS they'll be able to get rid of US dollar and American/European influence and once they get rid of it, then there will be a era of rise in these countries? Do you really think it's the United States that keeps them in poverty? No, this is an inner problem, all that exists because of their mentality, work ethics, appreciation towards each other, etc. They need to change it, they need to understand that corruption is bad, they need to understand that you shouldn't only care about improving of your life because by improving overall quality of life for everyone, yours will drastically improve too.
Now, let's talk about the USA/EU. What does the EU do? Gives asylum to people from BRICS countries, lets them to life a normal life. EU universities are free for everyone, doesn't matter where you come from. So, EU taxpayers pay for you, from BRICS countries, to study for free in Europe and let's you to return in your country and use the gained knowledge to develop your country. You shouldn't blame Europeans if lots of people prefer to use that as an advantage to get PR in EU.

It's all an illusion to tell their people that evil America and Europe are keeping their people poor. It's just a traditional brainwashing, that has been always working. You probably have heard that you are. You are the average of the five people you spend the most time with, so, BRICS is not a solution!

[pooya87]

BRICS countries are all poor corrupt countries. Do you think it's west to blame for their high corruption and poverty? Do you think that by creating BRICS they'll be able to get rid of US dollar and American/European influence and once they get rid of it, then there will be a era of rise in these countries? Do you really think it's the United States that keeps them in poverty? No, this is an inner problem, all that exists because of their mentality, work ethics, appreciation towards each other, etc. They need to change it, they need to understand that corruption is bad, they need to understand that you shouldn't only care about improving of your life because by improving overall quality of life for everyone, yours will drastically improve too.
Now, let's talk about the USA/EU. What does the EU do? Gives asylum to people from BRICS countries, lets them to life a normal life. EU universities are free for everyone, doesn't matter where you come from. So, EU taxpayers pay for you, from BRICS countries, to study for free in Europe and let's you to return in your country and use the gained knowledge to develop your country. You shouldn't blame Europeans if lots of people prefer to use that as an advantage to get PR in EU.

It's all an illusion to tell their people that evil America and Europe are keeping their people poor. It's just a traditional brainwashing, that has been always working. You probably have heard that you are. You are the average of the five people you spend the most time with, so, BRICS is not a solution!

You are severely misinformed. Not to mention that your comment is very racist, specially the bold part. You think other people who aren't in EU/US are just some brainless idiots who don't already know corruption is bad and are sitting on their asses blaming US/EU for all their problems!
You also know nothing of history of the things that are going on in the world.

Where or from when should I even begin with the examples!
Across West Asia where once British colonizers infiltrated and split the countries into smaller ones, the maps are designed in a way to cause fundamental problems for centuries. Like water problems that has actually led to water wars like where the source of a strategic river is in one artificially created micro-country but all of the rest of it and its users are in another. Then they start their damn buildings in that micro-country to worsen the issues.
Now water crisis, food crisis, farmers migrating to big cities, sand storms and many other environmental problems are the results of that.

Lets come closer to today. After the US EU coalition destroyed Iraq they intentionally installed the worst governmental system possible by giving each section of it to a minority group instead of letting everyone participate in a democratic way in every aspect of governance. So now Iraq president is from one minority group while the prime minister is from another that are at each others' throats and all the rest of the administration is just as terrible.
Why? Because while they were all busy fighting each other, US was stealing all their resources, literally! Oil tankers kept going to US; the US back separatist/terrorist groups had control of the gas rich northern Iraq and were literally selling the gas and pocketing the money after giving US it's cut. This alone damaged Iraq's economy of roughly $33 billion before they shut it down.
It is not going to be solved until they kick the remaining occupiers out and fix this system. Until then even their electrical grid remains an entangled mess after it was destroyed by US. Until then they will have to also fight terrorists as US keeps reviving them, like these days that they are attempting to free the ISIS terrorists from prisons across the region.

Don't get me started on Afghanistan where another US EU coalition invaded and destroyed the country then after years of destruction they handed over the rule to a bunch of cavemen extremists by donating about $100 billion worth of weapons to help them in their rule and to start wars with their neighbors (surprise surprise their neighbors are China, Iran and by proxy Russia).
Maybe you think people of Afghanistan like living in ruins created by US/EU or like leaving their homes and wash dishes in Europe.

Let's take Niger. A country with large amounts of resources including minerals, Uranium, gold, etc. has 10 million living in absolute poverty just because all these resources are practically being stolen by France. And all their money goes to French banks which they can not even spend majority of it. IIRC 10% of it is given to Niger!
After they kick out the French colonizers they can regain full control of their country, their government, their resources and their money. Then they can spend 100% of that money to focus on eliminating poverty and other issues.

Last but not least let me give a much more detailed example of a corruption that is only caused by United States actions.
It is the case of a big issue in Iran with embezzlement cases. Iran is a country that has been at a cold/hybrid war with United States for the past 5 decades. Because Iran is under both US sanctions and financial and medical terrorism, certain imports have become "complex". That has led to a lot of corruption and specifically embezzlement.
Despite the self sufficiency in medical sector certain things still need to be imported like during the COVID pandemic with ventilators. But the problem is due to US economic war on Iran, it becomes impossible to import them through any "normal" channels (like using SWIFT or the $100 billion that used to be blocked in it).
The alternative is to make this private and classified and use "individuals". That means going to some private sector, giving them privileged information and ultra cheap dollars (80% discount to be exact) to try and import these needs. But none of it can become public because that would prevent it from taking place. Now 3 things can happen:
1- The individual successfully goes around the sanctions and import what was needed, then they can pay back the loan
2- US finds out and basically shuts down the individuals' bank accounts and steals the money
3- The individual steals the money but claims that US has stolen it
When the individual fails to pay back the money, it is nearly impossible to prove if it were case 2 or 3 hence the corruption grows are more individuals are now stealing the money.
Without sanctions or US, like using BRICS bank that corruption is automatically eliminated since there is no reason for any of it to be hidden or secretive and they won't have any excuse to not pay back the money they borrowed for imports.
That also means that like a chain a lot of other things will change. The government will no longer need to waste its finite resources on such things (like importing ventilators through back channels) > There is no need to pay the difference (the discount I mentioned above) or the extra costs that stem from having more middle men > There won't be any budget deficits > There won't be any need to print money like madmen > Without money printing there won't be inflation and the fiat exchange rate stops dropping > Without inflation product lines can work better and will actually use the loans they took to produce > employment goes up > Economy is strengthened > Quality of life improves
As a matter of fact over the past 2 years Iran has been focusing heavily on dedollarisation even before BRICS and with the world changing fast and US losing its strength and hegemony the chain of events I explained are happening slowly but surely. Not to mention that large number of embezzlement cases were automatically eliminated before they could even happen, as I said before.

Like it or not the history of the world is like a sinusoidal wave. Empires shape and that empires fall then from their ashes there may be another empire. Sometimes the empires rule for a thousand years, sometimes a hundred and sometimes only for 30 years. But there is always one constant and that is change. The tables always turn. Not so long ago millions were jobless in the biggest EU economy and even more people despite working their asses off couldn't fill their bellies. Or the 4th biggest G7 economy used to be a big empire and a hegemony with colonies around the globe, today it is at best an average geopolitical player and is a shadow of that empire where the sun does set.

[coupable]

Where or from when should I even begin with the examples!
Across West Asia where once British colonizers infiltrated and split the countries into smaller ones, the maps are designed in a way to cause fundamental problems for centuries. Like water problems that has actually led to water wars like where the source of a strategic river is in one artificially created micro-country but all of the rest of it and its users are in another. Then they start their damn buildings in that micro-country to worsen the issues.
Now water crisis, food crisis, farmers migrating to big cities, sand storms and many other environmental problems are the results of that.

Lets come closer to today. After the US EU coalition destroyed Iraq they intentionally installed the worst governmental system possible by giving each section of it to a minority group instead of letting everyone participate in a democratic way in every aspect of governance. So now Iraq president is from one minority group while the prime minister is from another that are at each others' throats and all the rest of the administration is just as terrible.
Why? Because while they were all busy fighting each other, US was stealing all their resources, literally! Oil tankers kept going to US; the US back separatist/terrorist groups had control of the gas rich northern Iraq and were literally selling the gas and pocketing the money after giving US it's cut. This alone damaged Iraq's economy of roughly $33 billion before they shut it down.
It is not going to be solved until they kick the remaining occupiers out and fix this system. Until then even their electrical grid remains an entangled mess after it was destroyed by US. Until then they will have to also fight terrorists as US keeps reviving them, like these days that they are attempting to free the ISIS terrorists from prisons across the region.

Don't get me started on Afghanistan where another US EU coalition invaded and destroyed the country then after years of destruction they handed over the rule to a bunch of cavemen extremists by donating about $100 billion worth of weapons to help them in their rule and to start wars with their neighbors (surprise surprise their neighbors are China, Iran and by proxy Russia).
Maybe you think people of Afghanistan like living in ruins created by US/EU or like leaving their homes and wash dishes in Europe.

Let's take Niger. A country with large amounts of resources including minerals, Uranium, gold, etc. has 10 million living in absolute poverty just because all these resources are practically being stolen by France. And all their money goes to French banks which they can not even spend majority of it. IIRC 10% of it is given to Niger!
After they kick out the French colonizers they can regain full control of their country, their government, their resources and their money. Then they can spend 100% of that money to focus on eliminating poverty and other issues.

Last but not least let me give a much more detailed example of a corruption that is only caused by United States actions.
It is the case of a big issue in Iran with embezzlement cases. Iran is a country that has been at a cold/hybrid war with United States for the past 5 decades. Because Iran is under both US sanctions and financial and medical terrorism, certain imports have become "complex". That has led to a lot of corruption and specifically embezzlement.
Despite the self sufficiency in medical sector certain things still need to be imported like during the COVID pandemic with ventilators. But the problem is due to US economic war on Iran, it becomes impossible to import them through any "normal" channels (like using SWIFT or the $100 billion that used to be blocked in it).
The alternative is to make this private and classified and use "individuals". That means going to some private sector, giving them privileged information and ultra cheap dollars (80% discount to be exact) to try and import these needs. But none of it can become public because that would prevent it from taking place. Now 3 things can happen:
1- The individual successfully goes around the sanctions and import what was needed, then they can pay back the loan
2- US finds out and basically shuts down the individuals' bank accounts and steals the money
3- The individual steals the money but claims that US has stolen it
When the individual fails to pay back the money, it is nearly impossible to prove if it were case 2 or 3 hence the corruption grows are more individuals are now stealing the money.
Without sanctions or US, like using BRICS bank that corruption is automatically eliminated since there is no reason for any of it to be hidden or secretive and they won't have any excuse to not pay back the money they borrowed for imports.
That also means that like a chain a lot of other things will change. The government will no longer need to waste its finite resources on such things (like importing ventilators through back channels) > There is no need to pay the difference (the discount I mentioned above) or the extra costs that stem from having more middle men > There won't be any budget deficits > There won't be any need to print money like madmen > Without money printing there won't be inflation and the fiat exchange rate stops dropping > Without inflation product lines can work better and will actually use the loans they took to produce > employment goes up > Economy is strengthened > Quality of life improves
As a matter of fact over the past 2 years Iran has been focusing heavily on dedollarisation even before BRICS and with the world changing fast and US losing its strength and hegemony the chain of events I explained are happening slowly but surely. Not to mention that large number of embezzlement cases were automatically eliminated before they could even happen, as I said before.

The most important example you did not mention:
During World War II, all African countries were occupied by European colonial powers. This means that the entire continent is made up of colonies (with the exception of Liberia) that provide Europe with natural resources such as minerals, agricultural products, and slaves. It was not in Europe's interest to grant independence to its colonies in a way that would cut off supplies of the resources of those regions in which the colonies were located (Africa). Loyal governments were appointed to assume power in what was called "independence", in which those countries maintained their privileges to benefit from the country's resources. Including border demarcation. Since its independence, no African country has succeeded in achieving economic stability or being the absolute decision-maker on its territory. Imagine that Nigeria and Mali are rich in gold and have zero gold reserves, while France does not have any gold mines and ranks fourth in the world in the list of largest gold reserves. I come from a country that was colonized by France, and despite its alleged independence, France still buys natural products at the price that it set during the colonial period in the 1920s, and these contracts have not even been subject to a mere amendment since they were drafted. The African continent is still colonized, and the imperialist movement that began at the beginning of the 18th century has not ended until today, but has only developed to take other forms, perhaps worse than direct military occupation.

I find it unfortunate the state of complete denial of history, and it is not out of ignorance. It cannot be out of ignorance. I have spoken to many people who do not believe in the idea of colonialism and do not use the word "colonialism" except in what is for the benefit of their countries. These people are always citizens of colonial countries trying to improve the image of their colonial country through a complete denial of history and historical facts.

[STT]

Someone told me the other week that BRICS is a new currency.  Wasnt its origins an investment note from a Goldman Sachs banker.  I realize the term got popular but Im not sure how much strength there is in this declaration besides a conference to discuss common aims.  I hope they find a common link and a greater trade balance between themselves but the old problem of Dollar reserve bias and requirement for liquidity of dollars trade internationally is still there so far as I know.
  I think China and Brazil did a trade agreement recently, an attempt to make sure neither in each trade requires dollars but is it able to tie trade equally between themselves.  The two economies are different enough that its a real challenge to balance that trade and that problem is ongoing for the idea overall behind Brics so far as  I know

[Synchronice]

No, this is an inner problem, all that exists because of their mentality, work ethics, appreciation towards each other, etc. They need to change it, they need to understand that corruption is bad, they need to understand that you shouldn't only care about improving of your life because by improving overall quality of life for everyone, yours will drastically improve too.

You are severely misinformed. Not to mention that your comment is very racist, specially the bold part. You think other people who aren't in EU/US are just some brainless idiots who don't already know corruption is bad and are sitting on their asses blaming US/EU for all their problems!
You also know nothing of history of the things that are going on in the world.

How is this a racism? I re-read my post and still don't understand what made you to write that. Is there corruption in BRICS countries? Yes! Is corruption and nepotism part of mentality? Yes! Do they need to change this mentality? Yes! Do people need to take care of each other and help each other to improve overall quality of life? Yes but how is this a racism? The fact that they have low quality of life and need to improve is a racism?
I really wonder, do you travel? Have you stayed in poor countries for at least up to 6 months? Have you tried to interact with them? Have you seen life outside of your circle?
Am I wrong when I say that throughout the history Europe was the most advanced one? Europe is a place where the democracy was born, Europe is a place where technical inventions and philosophy emerged, isn't it so? The fact that you have electricity, gas heating, computer, smartphone, modern infrastructure it's all because of Europeans. I don't say other countries are stupid but their governance led to atrophy of talented people.
And yes, to be honest, I think, majority of countries (elder population) who aren't in EU/US, are really blaming us for all of their problems.

I don't know much about Iraq (only know that EU didn't participate in it except Poland and UK) but agree with you that the US and allies did absolutely evil and if there is a judge, they should pay! But our life is full of evil, if we dig deep into history,  Btw if you don't mind, I have some questions and wanna hear your opinion. Why isn't Iraq like UAE, Saudi Arabia and Qatar? If there was not the involvement of the USA, would Iraq be peaceful country with high quality of life, high human development index with freedom of speech and freedom of human rights?

Don't get me started on Afghanistan where another US EU coalition invaded and destroyed the country then after years of destruction they handed over the rule to a bunch of cavemen extremists by donating about $100 billion worth of weapons to help them in their rule and to start wars with their neighbors (surprise surprise their neighbors are China, Iran and by proxy Russia).
Maybe you think people of Afghanistan like living in ruins created by US/EU or like leaving their homes and wash dishes in Europe.

It's just my personal opinion but I think the whole world uses Afghanistan for own illegal activities, including illegal selling of weapons, afghan drug imports and money laundering.
By the way, have you seen this photo of Russian priest spraying holy water on weapons of mass destruction? What do you think about that?

Without sanctions or US, like using BRICS bank that corruption is automatically eliminated since there is no reason for any of it to be hidden or secretive and they won't have any excuse to not pay back the money they borrowed for imports.
That also means that like a chain a lot of other things will change. The government will no longer need to waste its finite resources on such things (like importing ventilators through back channels) > There is no need to pay the difference (the discount I mentioned above) or the extra costs that stem from having more middle men > There won't be any budget deficits > There won't be any need to print money like madmen > Without money printing there won't be inflation and the fiat exchange rate stops dropping > Without inflation product lines can work better and will actually use the loans they took to produce > employment goes up > Economy is strengthened > Quality of life improves
As a matter of fact over the past 2 years Iran has been focusing heavily on dedollarisation even before BRICS and with the world changing fast and US losing its strength and hegemony the chain of events I explained are happening slowly but surely. Not to mention that large number of embezzlement cases were automatically eliminated before they could even happen, as I said before.

This probably answers one of my question that I asked above but you don't really understand how and why people become corrupt. Okay, corruption make things easier for corrupt people, you just pay money and things are done, this is very addictive, it's an easy money too.
Okay, let's imagine that US sanctions are eliminated. Do you really think that now corrupt people will say: Okay, now we have no excuse to not pay back the money borrowed for imports? Oh my goodness, no. Corruption has the strongest and deepest routes. Once it's sowed, it's impossible to erase. There is only one way to erase it and it's to grow a new population with the ideology that corruption is bad. Old people, who were corrupt, can't be changed.

Final questions:
Does EU give you asylum protection?
Does EU give you free healthcare even if you are an asylum/refugee?
Does EU give you free high quality education?
Does EU give you free money and housing when you claim an asylum?
Do European taxpayers pay for all of these?
What we get in return? Those who got asylum, our free money, free healthcare and free education, are raping women and children, are killing people in the street, are robbing houses, are shoplifting and so on.

Why don't you wanna talk about these, what we give and what we get? If I visit Iran/Iraq to claim asylum, will they treat me the way we treat refugees in our countries?

[Pierre 2]

This is just Russia trying to portray itself as opposition to greater economies of western league. When you pull out China Brics become nothing more than bricks in my opinion. I am actually surprised to see China and India not going different route but integrate with other lackluster economies. Their labor is enough to make them truly compete with western league. Anyways if joining brics will help regular people in those countries I am happy for them.

[pooya87]

Am I wrong when I say that throughout the history Europe was the most advanced one?

If by history you mean ever since the invasions began where colonizers destroyed other countries to steal their resources, then yes in that short history you are correct but the history is not 200-300 years, it is thousands of years and in most of that time Europe was actually far behind the East. Not to mention that many of what we call country today didn't even exist that long.
Even gun power that was the start of the invasions and pillages by the West was actually invented in the East.

As I already said the history is like a sinusoidal wave.

I don't say other countries are stupid but their governance led to atrophy of talented people.

You are somewhat on the right path here. At the end of the day we have nobody to blame by ourselves. To blame colonizers for colonizing is like blaming water for being wet. For example England is a teeny tiny island and if you remove the non-developed area that leaves it with a measly 11000 km², considering the lack of natural resources and the harsh living environment you can see why they started invading the world starting from their neighbors.

At some point everyone realizes this and learns from their mistakes in the history and start the change. What we see in the New World Order today with new organizations like SCO and BRICS is the result of those who realized this decades ago and started the change.

I don't know much about Iraq (only know that EU didn't participate in it except Poland and UK)

The murderous group that invaded Iraq and killed 1.4 million civilians (40% women and children) was referred to as "coalition of the willing" (you can search it and learn some history) and it included 49 countries according to Whitehouse archives.
To name a few: UK, Denmark, Italy, Japan, Poland, Portugal, Romania, Slovakia, Spain, Turkey and of course Ukraine. Some countries like Costa Rica went back and forth with their supports, some countries like Solomon Islands didn't send troops officially but mostly as "volunteers" to join the murders.

Why isn't Iraq like UAE, Saudi Arabia and Qatar? If there was not the involvement of the USA, would Iraq be peaceful country with high quality of life, high human development index with freedom of speech and freedom of human rights?

First of all it is absurd to talk about human rights and freedom of speech and mention Saudi regime in the same sentence when the smallest thing they've done was to chop up the Washington Post journalist and dissolve his pieces in acid bath.

As for Iraq, you can't talk about a country with a very narrow view. What we call Iraq today is the result of the British separation of parts of the Ottoman Empire in the 20th century and is again one of those "creations" (like I mentioned above with the water wars) that are designed to be a natural issue for centuries.
The "quality of life" etc that you are talking about today is the result of decades of foreign intervention, stupid decision and finally in recent times the result of rule of the Washington's dearest friend and ally Saddam.
I'd say the beginning of the downfall of Iraq was in early 1980's when Saddam decided to listen to US and start the largest land battles since World War II with his neighbor in an area bigger than Europe for 8 years which he ended up losing. He started it just because he thought the post revolution Iran that was isolated and surrounded by the enemies could be easily defeated specially since he had the support and troops from majority of the world (60+ countries) and this included the two super powers of the time US and USSR!
As he failed to fulfill US interests in overthrowing democracy in Iran to install the same US back dictator, he had lost his usage so the sanctions began, so the US media started to call this once US ally a dictator, hence the bombings began for 10 years until 2003 when the full scale invasion started.

It's just my personal opinion but I think the whole world uses Afghanistan for own illegal activities, including illegal selling of weapons, afghan drug imports and money laundering.

Only in the past couple of hundred years Afghanistan, this once beautiful and modern place, has been the battle field of different empires. Which is where the statement "Afghanistan is the place where Empires die" comes from. The Brits, the Soviets and finally the Americans have all invaded Afghanistan and each have destroyed it in their own ways.

Okay, let's imagine that US sanctions are eliminated. Do you really think that now corrupt people will say: Okay, now we have no excuse to not pay back the money borrowed for imports? Oh my goodness, no. Corruption has the strongest and deepest routes. Once it's sowed, it's impossible to erase. There is only one way to erase it and it's to grow a new population with the ideology that corruption is bad. Old people, who were corrupt, can't be changed.

Corruption is in human nature, if you search about it you will find numerous cases in both US and Europe. In fact many European countries have a very low corruption index (ie high level of corruption) like Ukraine, Albania, Serbia, Turkey (if you count it in Europe!), Moldova, etc.
That's just the very biased CPI, case by case we can find big corruption cases in everywhere. For instance the National Audit Office of UK publishes some censored statistics every now and then and the estimated average of total frauds is over $100 billion in recent years.

The point is that it is racist to think corruption only exist outside of Europe and it exists because people don't know it is bad! If anything corruption in Europe is a lot worse because of the circumstances. eg. EU is not under any sanctions nor is it in any cold war, at least hasn't been until last year.

Final questions:
Does EU give you asylum protection?
Does EU give you free healthcare even if you are an asylum/refugee?
Does EU give you free high quality education?
Does EU give you free money and housing when you claim an asylum?
Do European taxpayers pay for all of these?
What we get in return? Those who got asylum, our free money, free healthcare and free education, are raping women and children, are killing people in the street, are robbing houses, are shoplifting and so on.

They take 470,000 troops and completely destroy 6 countries in 20 years and cause the dislocation of tens of millions of people. Some of which find their way to Europe seeking asylum. Out of those who survive the NATO bombings, many die trying to get into Europe. Specially these days that some EU countries like UK are sinking their ships to get rid of them. A small portion that enter Europe are treated harshly and their belongings are confiscated to cover the "cost of their asylum" (eg. the Jewelry Law in Denmark that lets the police seize anything that costs more than a grand).

Why don't you wanna talk about these, what we give and what we get? If I visit Iran/Iraq to claim asylum, will they treat me the way we treat refugees in our countries?

Considering that how over the past 20 years as US+EU coalition has been directly or indirectly involved in wars in most of Iran's neighbors (Iraq, Syria, Afghanistan, Armenia, Azerbaijan) and how Iran has been the gracious host to millions of refugees from these countries providing them with homes, jobs, education, etc. the answer to your question is no you won't be treated the way EU treats refugees.

[DrBeer]

Someone told me the other week that BRICS is a new currency.  Wasnt its origins an investment note from a Goldman Sachs banker.  I realize the term got popular but Im not sure how much strength there is in this declaration besides a conference to discuss common aims.  I hope they find a common link and a greater trade balance between themselves but the old problem of Dollar reserve bias and requirement for liquidity of dollars trade internationally is still there so far as I know.
  I think China and Brazil did a trade agreement recently, an attempt to make sure neither in each trade requires dollars but is it able to tie trade equally between themselves.  The two economies are different enough that its a real challenge to balance that trade and that problem is ongoing for the idea overall behind Brics so far as  I know

It all sounds beautiful, but there are 3 real problems that override everything:
1. India officially recognizes - there is no alternative to the dollar. And yuan, as a Brics currency, India will not accept. India has already started dumping huge reserves of yuan from its economy by buying Russian oil with yuan.
India is smart. see point 2
2. China's cunning attempt to "slip" the BRICS a dollar replacement and a "BRICS domestic currency" is just an attempt to save its economy. There is no dedolarization here. The Chinese economy has a huge problem, and "exporting inflation" is one mechanism. The second is BRICS yuanization makes all participants who will accept yuan as "BRICS currency" donors to China's economy.
3- Both India, China, and the rest of the BRICS members need... to interact with the rest of the world's economy... yes, the dollar. Neither the EU nor the US will sell their technology, equipment, and the like, for yuan.

This is simple, open data, and the reality of the global marketplace

[Synchronice]

You are somewhat on the right path here. At the end of the day we have nobody to blame by ourselves. To blame colonizers for colonizing is like blaming water for being wet. For example England is a teeny tiny island and if you remove the non-developed area that leaves it with a measly 11000 km², considering the lack of natural resources and the harsh living environment you can see why they started invading the world starting from their neighbors.

At some point everyone realizes this and learns from their mistakes in the history and start the change. What we see in the New World Order today with new organizations like SCO and BRICS is the result of those who realized this decades ago and started the change.

England, the land of Anglo-Saxons, i.e. immigrants from Northern Germany and Southern Scandinavia conquered the world. England, such a tiny island, who could imagine.
Okay, my point here is, England was a conqueror but there is a thing that I want you to think about. Every country will be a conqueror if it can to conquer, absolutely every country. What does conqueror want? To expand, to have more lands and to become from tiny island into a big empire.
But there are two types of conquerors:
1. One is technologically/culturally advanced with manpower
2. Second is not technologically/culturally advanced but has manpower.

Now, to explain what I want to say, let's take two modern countries for example:
1. Denmark - Is technologically/culturally advanced, has manpower
2. North Korea - Only has manpower, otherwise this country is brutal.

Let's assume that other countries are typical average countries, aren't developed, have some problems, etc. Also, let's assume that these countries want to conquer other countries.
1. Denmark was to conquer your country. If you let Denmark to conquer it and join it, without any war, then Denmark will share it's technology, education and achievements with you, merge with you under its own leadership and you, that was a bad/average country before, now becomes one of the most successful one as a part of Denmark. If you resist, then definitely it will abandon you, will try to enslave you and rob you.
2. North Korea wants to conquer your country. They are brutal, they don't have educational and technological achievements, they can bring nothing to your country by conquering because they don't have anything for them. If you let them to conquer you, you'll become even worse than you were before. If you don't let them to conquer you, then they'll murder you and enslave you, abandon you, destroy you and everything. They can't steal anything because they lack technological progress.

So, my point is: There is Russia/China and there is US/EU. If you visit these countries, you'll see that people live a wealthy lifestyle, have better quality of life, things go better. If you visit Russia/China, you'll see that in these countries, you have to work a lot and are only getting paid to eat, also, because of corruption and nepotism, your talent wanishes.
Now there is a Brazil, India, South Africa. Let's be honest and say that one of these have to conquer you, you have no other choice because two superpowers want you. If you willingly join Russia/China alliance, what will be benefit for you? Will your quality of life improve? No, because these countries can't take care of their own citizens, so they won't be able to take care of you. But if you willingly join US/EU, you'll gain access to tremendous education, experience, better quality of life, more possibilities and so on.

The British Empire brought modern technology, education and culture. While it's true that it destroyed a lot of lives, it's also true that Britain was advanced and could bring advancement and progress in countries that were willing to accept them. That's all I wanted to say from the very beginning.

Final questions:
Does EU give you asylum protection?
Does EU give you free healthcare even if you are an asylum/refugee?
Does EU give you free high quality education?
Does EU give you free money and housing when you claim an asylum?
Do European taxpayers pay for all of these?
What we get in return? Those who got asylum, our free money, free healthcare and free education, are raping women and children, are killing people in the street, are robbing houses, are shoplifting and so on.

They take 470,000 troops and completely destroy 6 countries in 20 years and cause the dislocation of tens of millions of people. Some of which find their way to Europe seeking asylum. Out of those who survive the NATO bombings, many die trying to get into Europe. Specially these days that some EU countries like UK are sinking their ships to get rid of them. A small portion that enter Europe are treated harshly and their belongings are confiscated to cover the "cost of their asylum" (eg. the Jewelry Law in Denmark that lets the police seize anything that costs more than a grand).

Okay, Europe is evil. Why do they try to claim asylum in Europe?
The UK is sinking their ships to get rid of them, yes, I have heard that but why do they want to go in the UK? Okay, years ago, asylum claimers were treated much better, Sweden was even giving them free housing but what did Sweden got in return? Increased crime, rape, murder. Does the UK want increased crime/rape/murder? No, that's why they are doing that. I know it's cruel but so is when you murder someone's daughter. Refugees from those countries are doing massacres in Europe.

[coupable]

Final questions:
Does EU give you asylum protection?
Does EU give you free healthcare even if you are an asylum/refugee?
Does EU give you free high quality education?
Does EU give you free money and housing when you claim an asylum?
Do European taxpayers pay for all of these?
What we get in return? Those who got asylum, our free money, free healthcare and free education, are raping women and children, are killing people in the street, are robbing houses, are shoplifting and so on.

They take 470,000 troops and completely destroy 6 countries in 20 years and cause the dislocation of tens of millions of people. Some of which find their way to Europe seeking asylum. Out of those who survive the NATO bombings, many die trying to get into Europe. Specially these days that some EU countries like UK are sinking their ships to get rid of them. A small portion that enter Europe are treated harshly and their belongings are confiscated to cover the "cost of their asylum" (eg. the Jewelry Law in Denmark that lets the police seize anything that costs more than a grand).

I do not understand why he wants to link the standard of living in some European countries with the reality of corruption in the countries that were colonized by those countries. It is enough for him to rephrase the questions in another way to obtain more logical and objective answers:
- What if, for example, France stops stealing uranium from Burkina Faso? Will it be able to provide electricity without interruption without its nuclear reactors?
- What if Europe stopped stealing Africa’s resources, would it also be forced to get involved in the migration issue?
- What if Britain was content with its local resources without colonizing its neighbors and distant countries? Would we call it “the empire on which the sun never sets”?
- What if the European powers had not divided Africa and parts of Asia according to their interests, would we have found the Kurds without a state, for example? Or would Pakistan have succeeded in gaining independence from the mother country, India, and the unrest would have begun from then on?
- What if Europe had not exploited “child labor” and “low wages” in poor Asian countries, would it have been able to produce clothes and basics at those low prices for the cost of production?
- what if....?
- what if......?
- What if you reread history and saw how many presidents and resistance fighters were assassinated because they rejected the policies of proxy colonialism and wanted to advance their countries? Would you have continued to cling to the idea of “European justice”?

[Bananington]

For me, I think BRICS should be renamed to fit the inclusion of the countries that has increased her numbers of users.
I like the idea of BRICS and can't wait to see how it will be implemented and effected within these countries. 
The numbers will either increase or decrease with time owning to the success of its adoption and use for trade.

As this is also a new world order play, the USD will have to find a common ground on which it can effectively create room for the BRICS currency, so as not to cause division or create barriers that might result in an ensuing economic war.

[DrBeer]

I do not understand why he wants to link the standard of living in some European countries with the reality of corruption in the countries that were colonized by those countries. It is enough for him to rephrase the questions in another way to obtain more logical and objective answers:
- What if, for example, France stops stealing uranium from Burkina Faso? Will it be able to provide electricity without interruption without its nuclear reactors?
- What if Europe stopped stealing Africa’s resources, would it also be forced to get involved in the migration issue?
- What if Britain was content with its local resources without colonizing its neighbors and distant countries? Would we call it “the empire on which the sun never sets”?
- What if the European powers had not divided Africa and parts of Asia according to their interests, would we have found the Kurds without a state, for example? Or would Pakistan have succeeded in gaining independence from the mother country, India, and the unrest would have begun from then on?
- What if Europe had not exploited “child labor” and “low wages” in poor Asian countries, would it have been able to produce clothes and basics at those low prices for the cost of production?
- what if....?
- what if......?
- What if you reread history and saw how many presidents and resistance fighters were assassinated because they rejected the policies of proxy colonialism and wanted to advance their countries? Would you have continued to cling to the idea of “European justice”?

I have the answers, but it looks like you won't like them

- France is not stealing uranium from Burkina Faso, it has some production in Gabon. There is something to replace it
- Britain gave up all its colonies, giving them freedom, as well as legal and financial system, industry and much more.
- If you look at the division of Africa now - you will be surprised - China is becoming a key player. And its scheme of "partnership" is called "stifling investments" - believe me, soon the countries under the influence of China will remember France, Netherlands and other "empires" with fondness. A perfect example - you can see what China has done in Sri Lanka.
- It is not France or the EU that makes children work. It is done by local "businessmen".  Which I agree with - customers are not averse to cheap production in such countries. But the order in a country is the problems of the government/population of that country.

[pooya87]

England, the land of Anglo-Saxons~

Read my comment again specially the first two lines because you didn't get my point at all. The point isn't to claim nobody else is going to do what the tiny island of England has done. The point was to say as the invaded, the countries have to learn from their mistakes that led to the success of their enemies.

1. Denmark was to conquer your country. If you let Denmark to conquer it and join it, without any war, then Denmark will share it's technology, education and achievements with you, merge with you under its own leadership and you, that was a bad/average country before, now becomes one of the most successful one as a part of Denmark. If you resist, then definitely it will abandon you, will try to enslave you and rob you.

So your argument is that if a country has more advanced technologies everyone else should let them annex their countries or be invaded and murdered! LOL
I wonder where you live because I can bet that at least in two dozen technological fields we are far more advanced than your country can ever dream of. How about we annex your country to share the "technology, education and achievements" with you or as you said in case of resistance we enslave you?

It doesn't sound good when the shoe is on the other foot, does it?

Okay, Europe is evil. Why do they try to claim asylum in Europe?

OK. Europe is not evil then why have 10+ million Europeans from Ukrainian sought asylum in rest of Europe?
It's the same elsewhere, when the West declares war on their countries (be it invasion or cold war or colonizing), they are forced to leave their homes and migrate, some to the same West that ruined their lives.

The fact is that nobody, specially in the East likes to migrate to the West. The cultural difference alone is enough to persuade them not to. Nobody likes leaving their homes, their families and their own rich culture and heritage to go live in an artificial country like US with a primitive governance or EU.
You think anyone in their right mind would like to live in a place where every day 13 children on average become victims of gun violence? Or one out of 3 or 4 women are sexually assaulted? That's US for you. Europe is no better. Take France for instance. They just passed a law that starting from this upcoming school year it mandates female children to wear revealing clothes to school! Funny thing is that we don't hear anything from a single human rights organization in the West...

I do not understand why he wants to link the standard of living in some European countries with the reality of corruption in the countries that were colonized by those countries.

Because if you take away "economy" from the West there is nothing else left. There would be no technology, no advances, no resources, no culture, no society and last but not least no democracy. And worst of all they, specially Europe, would go back to the stone ages where they fight each other for scarce resources like they were doing in years before World War 2 when there was at least a big war every year between different countries in Europe! It would be the same in America. You think for example "country" of Texas (the largest oil-producing state) would freely give its resources to the rest of the 50-60 "countries" after United States becomes Ununited Countries?

[be.open]

Meanwhile, Russian Ambassador to the Republic of South Africa Ilya Rogachev, at a meeting with UAE Ambassador Mahash Saeed Al Hameli in Pretoria, presented a banknote of 100 BRICS, Iranian agency Irna reports.

[dothebeats]

Well, this is definitely something, that is a very bold thing to do and a loud statement regarding de-dollarization. Just last August 25, India’s Oil and Gas Minister Hardeep Singh Puri told CNBC that India is currently not aiming for de-dollarization for it will take years for any country and international organization to even reach the same journey and status the US dollar has. However, after this stunt by Ilya Rogachev (Russia's Ambassador), where the flag of India is a part of the banknote it seems like Hardeep Singh Puri wasn't telling the whole truth, or perhaps this is the beginning of the long journey he has stated for de-dollarization. Nevertheless, I am interested and excited to know what other members of this forum see this stunt as and what it could mean for the BRICS, is it a statement that they really are an international alliance for de-dollarization or not? This will surely start a good discussion following up on the new eleven members of the BRICS.

English source of the news: https://tass.com/politics/1670783
Hardeep Singh Puri's interview with CNBC: https://www.cnbc.com/2023/08/25/de-dollarization-a-long-way-off-india-oil-minister-hardeep-singh-puri.html

[DrBeer]

Meanwhile, Russian Ambassador to the Republic of South Africa Ilya Rogachev, at a meeting with UAE Ambassador Mahash Saeed Al Hameli in Pretoria, presented a banknote of 100 BRICS, Iranian agency Irna reports.

Printing papers that are worthless is what russia is really good at

It's good that they had enough for 1 piece of paper, because there is a problem:
"Russia did not have the threads and inks to print books. For a year and a half after the introduction of EU sanctions, the largest Russian printers could not find a domestic substitute for imported materials for printing books, representatives of the industry told RBC."

I understand further there will be money to cut out independently, and then independently color !??

Well, come on, laughed and will be.
But we all understand perfectly well that there will be no "BRICS currency", at best all except India (it is smart), China will pull its yuan, and everyone will happily swallow it, then really realize that swallowed that something very tasty and causing diarrhea of local economies. But this is another story, and we will talk about it, perhaps, a little later

And as always a simple question - if India financially "fucked" Russia, buying oil for non-convertible rupees, and today the amount of frozen funds is about 40 billion dollars (Russia is not available to HER money), with the Indian rupee is secured by the largest economy, what will be the value and security of this multi-colored paper and who will need it ?

[pooya87]

Nevertheless, I am interested and excited to know what other members of this forum see this stunt as and what it could mean for the BRICS, is it a statement that they really are an international alliance for de-dollarization or not?

As the article clearly stated, this is a symbolic move.

As I've said many times dedollarisation is already happening with or without the BRICS currency. Many countries across the globe (specially those in certain groups like SCO, BRICS, ASEAN, etc.) are already replacing dollar with other currencies including their own in a portion of their international trades.

Introducing "BRICS currency" would mean speeding up that process by introducing a solid and international replacement that everyone can use but is a currency that is not controlled by a single power. Which is the most important distinction with the dollar that US keeps printing willy-nilly.
But revealing this symbolically is still a big move. I think of it as bitcoin in 2008 that is not yet released but we have seen what it could look like and know how its release is going to change the world.

[coupable]

I do not understand why he wants to link the standard of living in some European countries with the reality of corruption in the countries that were colonized by those countries.

Because if you take away "economy" from the West there is nothing else left. There would be no technology, no advances, no resources, no culture, no society and last but not least no democracy. And worst of all they, specially Europe, would go back to the stone ages where they fight each other for scarce resources like they were doing in years before World War 2 when there was at least a big war every year between different countries in Europe!

The high rates of consumption in the West compared to its resources also explain this. Europe is moving as an integrated entity and will continue to defend its interests no matter the cost.
I would like to clarify that the countries that still depend on resources from their colonies are France, Britain, and the United States. Since it acts according to the logic of thugs in all parts of the world and intervenes by all means to protect its interests.
The world today is in the process of being reshaped, and I hope that multipolarity will help achieve some kind of stability in the global economy according to consensus.

[DrBeer]

Broadcasting selectively one positive, I suggest not to forget about the facts, less pleasant

- BRICS members India and Brazil opposed China's proposal to expand the alliance at the expense of developing countries. About it writes Bloomberg. These two members of the alliance opposed the inclusion of Indonesia and Saudi Arabia, which was advocated by China.
- The Indian authorities announced that they would not participate in the project to create a BRICS currency, which would reduce the use of the U.S. dollar in international settlements. I told you - India is a smart country !
- "New Delhi may still have a strong relationship with Moscow - for example, after the invasion of Ukraine, Russia became India's main oil supplier - but India's gradual separation from Russia is inevitable. Russia's importance as a partner for India will only diminish over time. This is based on the realization of several things, primarily that Russia is likely to continue sliding into direct dependence on China, and that India's ambitions do not fit within the context of the India-Russia partnership. The China-India border conflict in 2020 has led to the realization that India now views China as an existential threat to national security."
- The G7 and the EU have buried the BRICS. India is shifting its vector towards the West and has embarked on a military and economic rapprochement with the US, EU and UK.

[Tony116]

Broadcasting selectively one positive, I suggest not to forget about the facts, less pleasant

- BRICS members India and Brazil opposed China's proposal to expand the alliance at the expense of developing countries. About it writes Bloomberg. These two members of the alliance opposed the inclusion of Indonesia and Saudi Arabia, which was advocated by China.
- The Indian authorities announced that they would not participate in the project to create a BRICS currency, which would reduce the use of the U.S. dollar in international settlements. I told you - India is a smart country !
- "New Delhi may still have a strong relationship with Moscow - for example, after the invasion of Ukraine, Russia became India's main oil supplier - but India's gradual separation from Russia is inevitable. Russia's importance as a partner for India will only diminish over time. This is based on the realization of several things, primarily that Russia is likely to continue sliding into direct dependence on China, and that India's ambitions do not fit within the context of the India-Russia partnership. The China-India border conflict in 2020 has led to the realization that India now views China as an existential threat to national security."
- The G7 and the EU have buried the BRICS. India is shifting its vector towards the West and has embarked on a military and economic rapprochement with the US, EU and UK.

I haven't heard the news you are talking about and the thing is that India is still a BRICS member and there is no news about them leaving BRICS, that's what I know at the moment.

Moreover, for example what you said is true and India's departure from BRICS is not too serious as the bloc still has 10 members and will continue to expand in the coming years. If the bloc loses India, it does not mean they have collapsed or failed. No one has said India is the center or sole leader of BRICS, so there is nothing to worry about if they really leave to get closer to the West and America. But until now they are still members of BRICS, .

[pooya87]

~
The high rates of consumption in the West compared to its resources also explain this. Europe is moving as an integrated entity and will continue to defend its interests no matter the cost.
I would like to clarify that the countries that still depend on resources from their colonies are France, Britain, and the United States. Since it acts according to the logic of thugs in all parts of the world and intervenes by all means to protect its interests.
The world today is in the process of being reshaped, and I hope that multipolarity will help achieve some kind of stability in the global economy according to consensus.

Exactly and this is the problem we are facing. And at this point the last arrow in NATO's quiver to protect their hegemony is armed conflict.

The current strategy is to try to open up as many theater of operations as they can to divert the focus on NATO to somewhere else. One of these theaters is across West Asia and North Africa (the US Middle East focus). I've already posted multiple times about these theaters in different dedollarisation topics explaining how US has been increasing tensions in the area and as predicted presently it has led to multiple small scale armed conflict mainly in Syria as the resistance (+Syrian+Iranian+Russian armies) have been facing the revival of US backed Da'esh terrorists among other Takfiri groups.
In Iran we are already bracing for a wave of terrorist attacks that the Western Propaganda Media is going to refer to as "protests" like last year. There was already a terrorist attack by Da'esh in Shiraz about 3 weeks ago and over a dozen neutralized bombing attempts which is believed to increase in September[1].

The other main theater is going to be in Iraq and Lebanon, both of the have already been facing terrorist attacks and an increased movement by the US military moving in forces and equipment some of which has been bombed and destroyed by the resistance but they keep coming.

Another theater is going to be Azerbaijan that is currently moving all the military strength and the reserves they have to the Armenian border preparing for their large scale invasion, in which case there is a strong possibility that Iran would enter and bomb them back to stone ages according to the Geneva Conventions. The biggest problem in this theater is that if Baku invades its neighbor, it has tendency to grow real fast pulling Turkey in (desperately trying to build the artificial "Big Turkistan") and then expand to the rest of the region as the entire Turkish oblong geography will be attacked heavily from the South. Apart from the fact that Turkey is a NATO member and NATO is not capable of helping it, there is also the fact that half of Turkey (from big industries to lands) was sold to the Arabs over the past month or two as Erdogan desperately tries to get some money into the failing Turkish economy. This could also pull Saudi, et al in to protect their "assets".

For now I'll keep an eye on US Navy. If they evacuate the Iranian waters (ie. Persian Gulf and Makran Sea) and go way deep into the Indian ocean (2k-3k kilometers away) it is a strong signal of starting a large scale war.
Hopefully these threats are going to be neutralized before they can grow, like previous times.

[1] Interesting fact about September is that the Zionist terrorists consider this month the "month of blood" and historically they have committed majority of their bloodshed in this month that goes from assassinations and bombings all the way to 9-11.

[DrBeer]

.....
I haven't heard the news you are talking about and the thing is that India is still a BRICS member and there is no news about them leaving BRICS, that's what I know at the moment.

Moreover, for example what you said is true and India's departure from BRICS is not too serious as the bloc still has 10 members and will continue to expand in the coming years. If the bloc loses India, it does not mean they have collapsed or failed. No one has said India is the center or sole leader of BRICS, so there is nothing to worry about if they really leave to get closer to the West and America. But until now they are still members of BRICS, .

All this information, it is very easy to find on news and official resources to make sure. Yes, you will not find them on Chinese, Russian and Iranian pages - there the information is heavily moderated, and any negative, or going against fairy-tale dreams, news is not published accordingly.

Also read interviews with representatives of the countries, information about meetings and negotiations. There is a real picture there

[Wind_FURY]

Let's discuss the results of this expansion on the global economy and the possible position of the G-7 countries. And do you think that this is the beginning of the formation of a new world order,

It's going to be a game of hot potato between the BRICS countries because they'll be dropping each other's currencies to hold the U.S. Dollar.

especially since in the speech of Russian President Vladimir Putin, he had stressed the need to deal with a common currency among the countries of the group in addition to local currencies ?

But which of the BRICS countries want their currency to be THE "reserve currency"? They haven't identified one yet. Will it be the Chinese Yuan? I would doubt that China wants to be the BRICS reserve currency because they couldn't devalue it anymore to support manufacturing and exports.

It's also very laughable that China is using the "BRICS movement" as anti-U.S. propaganda but still holds about $3 trillion U.S. Dollars in its reserves.

[blckhawk]

I don't feel like there's anything scary about all these joining forces, isn't India not in with the idea of a BRICS currency rather they want rupee to be used more in international trades? Putin just like other paranoid and corrupt government out there, the speech seems pretty flimsy. The way all these news about BRICS are, they all seem like they don't know what they're doing and each country that's a member is trying to undermine each other instead of really cooperating.

[Sayeds56]

Economic unions, as history shows, are constantly transforming. The political situation in countries can change dramatically, and one or another economic union will simply lose its relevance. The larger BRICS becomes, the more internal disputes and disagreements will arise.

It is true that throughout the history, economic unions are constantly subject to evolution due to fluctuations in the political landscape, which can lead to significant shifts overtime and it can make a specific economic union obsolete. It is possible that with the increased membership of the countries, internal disputes and divergences may come on the forefront.

Nevertheless, the positive side of expanding membership of BRICS is that, it can potentially provide opportunities to the citizens of these nations to improve their quality of life by taking advantage of these favorable circumstances.

[DrBeer]

I don't feel like there's anything scary about all these joining forces, isn't India not in with the idea of a BRICS currency rather they want rupee to be used more in international trades? Putin just like other paranoid and corrupt government out there, the speech seems pretty flimsy. The way all these news about BRICS are, they all seem like they don't know what they're doing and each country that's a member is trying to undermine each other instead of really cooperating.

India is precisely one of the main opponents of the introduction of any “single BRICS currency.” Moreover, India officially says that creating an alternative to the dollar is IMPOSSIBLE at the moment and in the medium term! No, we don’t DO NOT WANT, but we CANNOT, because he understands that in the world, and especially in the BRICS union, there is not a single economy, not a single currency that could replace the US dollar in terms of convenience, reliability and liquidity. And that is why it is moving away from financial unions and relationships with China and Russia in favor of the West and the dollar. There are still political issues with China related to the conflict between the two countries in the recent past.

[serveria.com]

I haven't heard the news you are talking about and the thing is that India is still a BRICS member and there is no news about them leaving BRICS, that's what I know at the moment.

Moreover, for example what you said is true and India's departure from BRICS is not too serious as the bloc still has 10 members and will continue to expand in the coming years. If the bloc loses India, it does not mean they have collapsed or failed. No one has said India is the center or sole leader of BRICS, so there is nothing to worry about if they really leave to get closer to the West and America. But until now they are still members of BRICS, .

Of course you haven't heard it because it never happened. This sick troll is known for making things up. Don't even try to verify this info - it's a
complete propaganda BS. Next he is probably going to try to avoid providing the source by switching topics or saying something general like "go find it online" or "google it".  It's better to ignore him, credibility of his posts is zero.

[WillyAp]

India is precisely one of the main opponents of the introduction of any “single BRICS currency.” Moreover, India officially says that creating an alternative to the dollar is IMPOSSIBLE at the moment and in the medium term!

Thats right China and India are in conflict.
The only thing holding the loose organistation BRICS together is the desire to not use the dollar.
In view of its age, 10+ years nothing will come out of that.

[Franctoshi]

Gradually the agenda is becoming a reality, Some Countries are beginning to get tired of the United States dollar dominancy, and I see more countries joining too, and with how things are going right now, China and Russia are following methods that the US used to become present world power, basically to gradually get more allies across the world to join.

[Argoo]

Meanwhile, Russian Ambassador to the Republic of South Africa Ilya Rogachev, at a meeting with UAE Ambassador Mahash Saeed Al Hameli in Pretoria, presented a banknote of 100 BRICS, Iranian agency Irna reports.

The article you linked to states that at the party of the UAE Embassy in Pretoria, which took place on Tuesday evening on the occasion of the country's admission to BRICS membership, the Russian Ambassador to South Africa made a short speech and presented the UAE Ambassador with a symbolic banknote of one hundred units of countries BRICS. This banknote is purely symbolic, such money does not exist, it does not even indicate the name of this monetary unit. That is, this symbolic banknote has no practical significance for the emergence of a single currency of the BRICS countries.
There are still different rumors and opinions surrounding the single currency of the BRICS countries, but we have not yet heard at the official level that there will be such a currency and what kind it will be.

[DrBeer]

India is precisely one of the main opponents of the introduction of any “single BRICS currency.” Moreover, India officially says that creating an alternative to the dollar is IMPOSSIBLE at the moment and in the medium term!

Thats right China and India are in conflict.
The only thing holding the loose organistation BRICS together is the desire to not use the dollar.
In view of its age, 10+ years nothing will come out of that.

Are you sure about your assumption? I wouldn't be so categorical if I were you, given the reality
1. India doesn't want any BRICS currencies, yuan or anything else. India believes that the currency of international settlements favorable to India is the international market with the international currency - the US Dollar. Moreover, I have already written above - India does not see the PERSPECTIVES of replacing the dollar. India does not want yuan, reals or rubles. It wants to sell for a stable secured dollar and receive a stable secured dollar. Because it is convenient, profitable, safe. Because for example for yuan you can buy only from China, and for dollar - from the WHOLE WORLD. Do you understand the difference? Especially for a country well integrated into the Western economy.
2. Other BRICS countries do not want the dollar ? They want dollars ! But some "offended" countries are not given dollars ! And all these fake "claims" about "dedolarization" are their hysteria. Russia VERY much needs dollars. But it fell for some fairy tales of China and India, and now it sells 90%+ of its oil for rupees and yuans, which all the storages are full of, but they are forbidden to exchange them for dollars ... India and China And Russia falls out of purchases of critical goods and decisions on the WORLD market, because there neither rupee, nor yuan, nor, for example, any BRICSlar (Brix dollar ) NOBODY NEEDS )
3. Now let's look at the economies of the BRICS members. They are not self-sufficient and cannot exist in an isolated "zoo" of BRICS. In the "best" case, what China hopes for and what India opposes - all participants will switch to the yuan, and will... buy everything from China, saving its economy. At the same time, China does not give up the dollar, just as it does not give up US government bonds, and continues to sell to the world economy for DOLLARS
Do you realize now what an interesting game is going on ?

[Tony116]

I haven't heard the news you are talking about and the thing is that India is still a BRICS member and there is no news about them leaving BRICS, that's what I know at the moment.

Moreover, for example what you said is true and India's departure from BRICS is not too serious as the bloc still has 10 members and will continue to expand in the coming years. If the bloc loses India, it does not mean they have collapsed or failed. No one has said India is the center or sole leader of BRICS, so there is nothing to worry about if they really leave to get closer to the West and America. But until now they are still members of BRICS, .

Of course you haven't heard it because it never happened. This sick troll is known for making things up. Don't even try to verify this info - it's a
complete propaganda BS. Next he is probably going to try to avoid providing the source by switching topics or saying something general like "go find it online" or "google it".  It's better to ignore him, credibility of his posts is zero.

I found some news from my local newspapers and what I got from the article was the meeting between prime minister Modi and president Biden. The two sides only discussed mainly technology cooperation, education... and affirmed the close, long-term cooperative relationship between the two countries. I don't see any news like DrBear mentioned. And as I know, whether there is war or competition, countries still have cooperative relationships in different fields. Like Russia and some EU countries are still doing business in the LPG gas market even though they are each other's main enemies on the battlefield in Ukraine. Furthermore, India and the US have always had a good relationship for many years but that did not prevent India from joining the BRICS bloc. In short, I didn't see any news like what he mentioned.

[DrBeer]

I found some news from my local newspapers and what I got from the article was the meeting between prime minister Modi and president Biden. The two sides only discussed mainly technology cooperation, education... and affirmed the close, long-term cooperative relationship between the two countries. I don't see any news like DrBear mentioned. And as I know, whether there is war or competition, countries still have cooperative relationships in different fields. Like Russia and some EU countries are still doing business in the LPG gas market even though they are each other's main enemies on the battlefield in Ukraine. Furthermore, India and the US have always had a good relationship for many years but that did not prevent India from joining the BRICS bloc. In short, I didn't see any news like what he mentioned.

Specify which news I mentioned you couldn't find ? I'll help you
Just without "water" - a specific event for which you could not get confirmation ? And I will give you adequate resources and sources of data, among which there will be no media of cheap propaganda. The modern world is beautiful with the availability of information and the ability to verify it. That is why, in Russia, where propaganda pours out of all channels, any other sources of information are banned and blocked except for those controlled by the state.... Otherwise, the empire of lies will collapse!

[WillyAp]

2. Other BRICS countries do not want the dollar ? They want dollars ! But some "offended" countries are not given dollars ! And all these fake "claims" about "dedolarization" are their hysteria. Russia VERY much needs dollars. But it fell for some fairy tales of China and India, and now it sells 90%+ of its oil for rupees and yuans, which all the storages are full of,

Most currencies flow electronically nowadays. Do you believe that Inda flies 25 Jumbo Cargo planes (full with Rubles) to Russia?
My assumptions are that in 10 years nothing happened, except publicity to fire up an anty dollar hype.

All countries wish to have a stable currency that is correct. Creating one there is an example.
The dollar is official currenca in several countries the Euro is not. Then there is the CRA the French Tool.
https://en.wikipedia.org/wiki/CFA_franc  

a rather nasty invention from 1945. From there we go to the ECO.
 

[DrBeer]

2. Other BRICS countries do not want the dollar ? They want dollars ! But some "offended" countries are not given dollars ! And all these fake "claims" about "dedolarization" are their hysteria. Russia VERY much needs dollars. But it fell for some fairy tales of China and India, and now it sells 90%+ of its oil for rupees and yuans, which all the storages are full of,

Most currencies flow electronically nowadays. Do you believe that Inda flies 25 Jumbo Cargo planes (full with Rubles) to Russia?
My assumptions are that in 10 years nothing happened, except publicity to fire up an anty dollar hype.

All countries wish to have a stable currency that is correct. Creating one there is an example.
The dollar is official currenca in several countries the Euro is not. Then there is the CRA the French Tool.
https://en.wikipedia.org/wiki/CFA_franc  

a rather nasty invention from 1945. From there we go to the ECO.

About "mountains of rupees and yuan" - this is of course an "artistic image", nothing more. I am well aware that cash settlements in such transactions do not take place. Cash settlements on a large scale are the domain of black marketeers, arms dealers, drug dealers, etc.
Back to the story - the accounts are "clogged" with lying "dead weight" of rupees and yuan. And what is interesting - including correspondent accounts of Russian companies.... in Indian and Chinese banks ! Mostly Russian funds ()for oil sales are blocked in India. They even squeal about it in official Russian channels. By the way, they have now started to search very actively "who will be guilty for the idea of selling oil for rupees and yuan"

[WillyAp]

Back to the story - the accounts are "clogged" with lying "dead weight" of rupees and yuan

Yes, and they had 10 Years to figure out an exchange rate/plan making both parties happy.
It did not happen, most likely the policymakers did not even set a developing team to it. Or agreed to a developing team from both countries. Thus my conclusion that it is just a political idea with no practical uses.

[pooya87]

~
I found some news from my local newspapers and what I got from the article was the meeting between prime minister Modi and president Biden. The two sides only discussed mainly technology cooperation, education... and affirmed the close, long-term cooperative relationship between the two countries. I don't see any news like DrBear mentioned. And as I know, whether there is war or competition, countries still have cooperative relationships in different fields. Like Russia and some EU countries are still doing business in the LPG gas market even though they are each other's main enemies on the battlefield in Ukraine. Furthermore, India and the US have always had a good relationship for many years but that did not prevent India from joining the BRICS bloc. In short, I didn't see any news like what he mentioned.

Let me add a little on top of this with some different views.
Ignoring the fact that the bear is trolling, I should say that people should avoid seeing the world in black and white. For example China bag-holding US dollar doesn't mean everything between the two is all dandy and nobody wants to get rid of the dollar just as China dumping the dollar and the US bonds doesn't mean China wants to annihilate US entirely and overnight. Same with other countries.

It is the World Order changing and in the chaos during the transition to the New World Order each country will strive to get a bigger piece of the cake. That sometimes means relations and cooperations with all sides.

In the past 80-ish years the World Order has changed 3 times!
1) First one was after the second European War aka WW2, where US gained power and the Bipolar world shaped between US and USSR, during that transition we had the same situation where countries were playing for one side or the other which later on led to different face offs one of which was between Communism and Capitalism.
2) The second time was when USSR fell apart and for the first time in history the world was Unipolar and during that transition we had the same situation where countries strove for power. In fact that is how China gained a lot of its powers. They were playing both sides of the cold war and in the end they leaned towards US but not for free. They milked US for as much benefits they could and had the economic expansion we see today. A couple of countries even became nuclear in that time.
3) This is exactly what's happening now. After about 30 years the World Order is changing as US loses its power, but this time things are going back to being Multipolar, just like it were for thousands of years. During this transition time different countries will seek as much benefit they can from other "powers".

- This is why we see India is both in BRICS strengthening the biggest threat to the dollar and at the same time shaking hands with US stricking different deals and making statements like "they don't want to weaken the dollar". LOL
- This is why China is tightening its grip on US neck while still having the largest exports to US.
- This is why Iran is bombing US bases while negotiating with US and releasing US spies for $10 billion.
- This is why Japan is moving towards building nukes while still being an occupied country where US hasn't been allowing them to even have a decent military.
- And of course this is also why we see countries like France desperately trying to get out of US shadow and play a similar game and failing.
- etc.

After the transitional phase as the World Order is solidified, each country will have its fixed place in the geopolitical game. Some will have more power than the others. Some borders will change. Some countries (specially microscopic ones) may cease to exist while new countries may have formed.
The only constant now is change and its unpredictability... So don't be surprised when you see countries playing both sides or even if you saw them switch sides in the coming years...

[WillyAp]

3) This is exactly what's happening now. After about 30 years the World Order is changing as US loses its power, but this time things are going back to being Multipolar, just like it were for thousands of years. During this transition time different countries will seek as much benefit they can from other "powers".

11 Countries go sideways and wish to use their own currency is not the same as the US loosing its grip on the econnomical flow or their power. Trades of all other nations is still in US$. The reason The US won't embrace crypto is the lack of control crypto holds. Much of the US's power comes from its bases worldwide. None has closed, new ones have opened.   

[Tony116]

-snip

-snip
The only constant now is change and its unpredictability... So don't be surprised when you see countries playing both sides or even if you saw them switch sides in the coming years...

Great explanation, thank you for giving me some more knowledge of the history and a better understanding of what's going on.

@DrBear, I think this knowledge is better for you, you should put down your ego and look at the problem more realistically. Don't let the hatred inside you take over your entire mind and no longer be able to distinguish between right and wrong. As I mentioned to you in another topic, I understand how you feel when your country is at war because my country was also invaded by the US and even used Agent Orange/dioxin to destroy our clan.

Within 10 years, the US military has carried out nearly 20,000 missions, spraying about 80 million liters of toxic chemicals into my country. How can you understand that feeling?

[pooya87]

11 Countries go sideways and wish to use their own currency is not the same as the US loosing its grip on the econnomical flow or their power. Trades of all other nations is still in US$.

The global usage of USD in international trades has been going down for many years now and it is speeding up in the past 2 years. The less dollar is used by countries the less power US will have.

The reason The US won't embrace crypto is the lack of control crypto holds.

I don't know what that has to do with anything!

Much of the US's power comes from its bases worldwide. None has closed, new ones have opened.   

The biggest US power is the dollar not the military, specially since US military strength is mostly an illusion.

As for US military bases, the thing is United States is a cancer and the military bases are like tumors, each time a tumor is removed the cancer can metastasize in another part of the earth. In other words it depends on where you look. For instance in East Asia, US presence has been increasing but in West Asia, US has been getting kicked out.

The best example is Afghanistan which is literally the biggest escape of the century. US military fled Afghanistan which is one of the most strategically important geographies in the world that gave US the power to destabilize the entire region and threaten the international trade by spreading extremism, terrorism and separatism. It affected 3 super powers at the same time: Iran, China and Russia. Today, apart from some operatives and terrorists, US has no military presence in Afghanistan.
Similar things have been happening elsewhere like Iraq were US bases have been getting shut down ever since 2020 like the ones in Al-Anbar province.

[DrBeer]

Great explanation, thank you for giving me some more knowledge of the history and a better understanding of what's going on.

@DrBear, I think this knowledge is better for you, you should put down your ego and look at the problem more realistically. Don't let the hatred inside you take over your entire mind and no longer be able to distinguish between right and wrong. As I mentioned to you in another topic, I understand how you feel when your country is at war because my country was also invaded by the US and even used Agent Orange/dioxin to destroy our clan.

Within 10 years, the US military has carried out nearly 20,000 missions, spraying about 80 million liters of toxic chemicals into my country. How can you understand that feeling?

So you think that by denying Russia's crimes, or not recognizing Russia's crimes, you are taking revenge on the US for what they did in your country ? Why do you deny it? Because you're trying to pass off a direct terrorist attack by the terrorist country russia as something to blame.... THE U.S. )
I have the feeling that you live in the USSR, where everything we did was exclusively positive, but if something went wrong or we failed, it was all the fault of the insidious USA".
The problem is that by allowing and facilitating lies and covering up real crimes, you become just as much an accomplice to the criminals... Unpleasant but true.
Or let's put it this way - I believe that everything you described is not the USA's fault, the USSR and the Kremlin provoked them, and in general the USSR set it all up. Do you like this position? 

But I will return to the topic of BRICS:
I don't know if everyone is following the world situation or just thinking of something else to blame the US for, but at this time India made a very strong move. The G20/21 summit showed a very interesting event in the recent history of international politics: it looks like there will be a new leader in the Asia/Pacific region, and his name is India !
India lately has been making a lot of moves aimed at :
- Reducing interactions with toxic regimes aimed at degradation.
- increase interaction with the civilized world, and choose the Western vector in politics, economy and development.

The unification of BRICS and the African Union, under the creative management of India, will allow to gather countries really willing to create an alliance for creation and development and not "alliances against the entire civilized world" that China, Russia and their "hand dogs" are trying to build.

[EarnOnVictor]

-snip

-snip
The only constant now is change and its unpredictability... So don't be surprised when you see countries playing both sides or even if you saw them switch sides in the coming years...

Great explanation, thank you for giving me some more knowledge of the history and a better understanding of what's going on.

@DrBear, I think this knowledge is better for you, you should put down your ego and look at the problem more realistically. Don't let the hatred inside you take over your entire mind and no longer be able to distinguish between right and wrong. As I mentioned to you in another topic, I understand how you feel when your country is at war because my country was also invaded by the US and even used Agent Orange/dioxin to destroy our clan.

Within 10 years, the US military has carried out nearly 20,000 missions, spraying about 80 million liters of toxic chemicals into my country. How can you understand that feeling?,

I'm with you on the fact that we should not let how we feel cloud our judgments, lest we make a fool of ourselves. With what you guys have discussed so far, I must say that I agree with some and disagree with others. This is even as some points written are lies and far away from the truth. However, without getting too much in pointing out these errors one by one to avoid voluminosity, it's important to note that any country, organization, society, and even family members could form whatever group they want to form, they are entirely free. But this doesn't mean it's a threat to the US or the USD.

This is politics and you know your true allies all by yourself, we should not make it look beyond what it is. BRICS is a welcome development and it's one of the anti-US leadership attempts which is not bad on its own. But wait a minute, do you think they are that powerful or will be? I don't think so. Even some of the countries now in BRICS are also in many of the US-led groups as well, so what's is the big deal?

If they are doing both, they are the only ones who could truly tell you what their real allies are, not about a mere assembly of countries to discuss the obvious. Countries like China and Russia have always wanted both political and economic dominance, but the question is, do they have what it takes? Those two countries are too selfish to be the world leader, what they are trying to do now is just like the Greek's gift due to their desperation. If they truly get what they want, the world will then see the other side of them.

Besides, those who still want the US to fail should try to rethink and have a forgiving spirit. As I will always say, the somewhat peaceful we still enjoy today is partly attributed to their leadership. China and Russia will fail you. It's time to let go of what has helped in the past (war, slavery, cheating and all that). This present generation knows little or nothing about it, so why can't we forgive and let go for the sake of peace? The view that the US and the USD must fall by most people could be a regret if it really happens. I wonder what they tend to achieve in that.

[Woodie]

BRICS inclusion of some of these oil rich Arab nations will put pressure on the West and non Brics nations in terms of energy and the economy..and not forgetting one of the major agendas of ending the dollar dominance which has long been threatened as this is turning to be a real tale!!
At this point, I believe even the sanctions put on Russia aren't felt as it's BRICS allies will be at the aid of these guys to trade in whatever commodities they need and it will be business as usual...and seeing what's happening with Oil around the world, tbh BRICS is definitely winning this one and there is no stopping them taking into consideration the 46% of the world's population Influence!!

The best the West can do is go back to the table and draw up new treaties with these guys to make the survival of other nations possible as its not going to negatively affect the USA alone!

[WillyAp]

I don't know what that has to do with anything!
and:
The biggest US power is the dollar not the military, specially since US military strength is mostly an illusion.

Well I think you have sided with an anti US speech. Many here do, some understandingly others we have to guess.
It's the other way round. The US gains next to nothing with the trade Dollar, their bases create the pressure, aka power.
The usage of the US$ over banks is done with SWIFT, SWIFT gives the US the right to accuse anyone using it of money laundering or else.  A crypto solution would give away that edge.

[DrBeer]

I don't know what that has to do with anything!
and:
The biggest US power is the dollar not the military, specially since US military strength is mostly an illusion.

Well I think you have sided with an anti US speech. Many here do, some understandingly others we have to guess.
It's the other way round. The US gains next to nothing with the trade Dollar, their bases create the pressure, aka power.
The usage of the US$ over banks is done with SWIFT, SWIFT gives the US the right to accuse anyone using it of money laundering or else.  A crypto solution would give away that edge.

Please describe - how do you think cryptocurrencies, for example within BRICS, will fix the situation ? And how will the interaction between the members of this union look like? In connection, of course, with the real economy of these countries, and mutual trade within BRICS, as well as with the "external" world economy, which continues to use the dollar as a currency of international settlements ?

[WillyAp]

Please describe - how do you think cryptocurrencies, for example within BRICS, will fix the situation ?

Sure why not:
If a country sends Ripple's currency or token it won't go over SWIFT. So no trace for the US Government.
Specially countries which are sanctioned are interested in getting around those. Russia for once, Iran for the other.
Some enmity holds solid grounds while others not so much. In most cases some acts of war had an underlying reason. Especially in the past when capitalism was declared the enemy of communism.  

The modern USA is not the same as the USA of 1950. Funnily enough most enemies of the US hold their grudges from deeds in the past. Like the Venezuela Ambassador or foreign minister which cited 1850 as a reason. Venezuela has forgotten that the very USA is responsible for having Bolivar state, A federal country in the Venezuelan state. The intervention of the US made the British retreat to its actual borders, still more than they were allowed to have. 

[DrBeer]

Please describe - how do you think cryptocurrencies, for example within BRICS, will fix the situation ?

Sure why not:
If a country sends Ripple's currency or token it won't go over SWIFT. So no trace for the US Government.
Specially countries which are sanctioned are interested in getting around those. Russia for once, Iran for the other.
Some enmity holds solid grounds while others not so much. In most cases some acts of war had an underlying reason. Especially in the past when capitalism was declared the enemy of communism.  

The modern USA is not the same as the USA of 1950. Funnily enough most enemies of the US hold their grudges from deeds in the past. Like the Venezuela Ambassador or foreign minister which cited 1850 as a reason. Venezuela has forgotten that the very USA is responsible for having Bolivar state, A federal country in the Venezuelan state. The intervention of the US made the British retreat to its actual borders, still more than they were allowed to have. 

No, that's not what I mean I know how transactions are sent. I didn't just say ECONOMICS. Economics is not just transactions. A simple example. For example in some country A, which is a member of the BBBB alliance, there is a nuclear power plant (just for example). In the BBBB union, among all its members, there is no country extracting or processing toll raw materials to produce fuel for the nuclear plant. But the BBBB union decided to break the financial system, and abandoned the piastres, for which all other non-BBBB countries trade, and adopted Ripple. Question - how can a BBBB country that has abandoned piastres buy something that is only traded for piastres ?  And they have no sources of piastres from foreign trade (exports only within BBBB) This is a highly simplified model, but the point is hopefully clear.

[WillyAp]

A simple example. For example in some country A, which is a member of the BBBB alliance, there is a nuclear power plant (just for example). In the BBBB union, among all its members, there is no country extracting or processing toll raw materials to produce fuel for the nuclear plant. But the BBBB union decided to break the financial system, and abandoned the piastres, for which all other non-BBBB countries trade, and adopted Ripple. Question - how can a BBBB country that has abandoned piastres buy something that is only traded for piastres ?  And they have no sources of piastres from foreign trade (exports only within BBBB) This is a highly simplified model, but the point is hopefully clear.

Indeed christal clear.
As all Ripple Transactions are not running under the radar, meaning not visible for the US, they can do as they plan and it'll not be out in the open. For visible observation there are satellites. But visibility does not say people have accurate, physical input, a reason why governments are suspicious. Government have human traits, they are envious as we are ie.
 
IRAN is doing it successfully although they don't use ripple, being an US company they most probably made up something else.

To clarify, I'm not from the US, nor a citizen living in the US. 

[Sithara007]

Out of the 11 countries in BRICS, I would say that two members are having a lot of bargaining power at the moment - India and Saudi Arabia. Both these nations are considered valuable by the BRICS bloc, and at the same time during the ongoing G20 summit also both these nations were pampered by the other members. On the other hand, Russia and China seems to be losing their dominance. Recently Italy decided to pull out from the Belt and Road Initiative. Brazil and South Africa were never influential enough to start with. Right now, BRICS looks very imbalanced.

[pooya87]

A crypto solution would give away that edge.

If a country sends Ripple's currency or token it won't go over SWIFT.

This involves a bunch of problems. The most notable ones are volatility and control.
If anything decentralized like bitcoin or centralized like XRP or any other altcoin is used, all trades will be affected by their volatile price that stems from their small markets that can be manipulated (even more for altcoins).
If the technology is taken and a separate new network is created (like using Ripple not XRP) then it still suffers from the shortcomings of the blockchain technology that will show itself a lot more when it is centralized. In other words there is no reason to do it when they can just create a SWIFT like system!

IRAN is doing it successfully although they don't use ripple, being an US company they most probably made up something else.

I don't know what you mean by "a US company", maybe a typo? but regarding what Iran uses, there are a bunch of things. Most notable ones are gold, mutual currencies and alternatives of SWIFT, and last but not least bitcoin specially since over the past couple of years mining has been growing in Iran.
AFAIK there are no other cryptocurrencies used for trades even the Digital Rial project is still not fully operational.

As all Ripple Transactions are not running under the radar, meaning not visible for the US, they can do as they plan and it'll not be out in the open.

To be clear the point is not to be "under the radar", the point is to remove United States control over your money so that they can no longer steal it at any time and for any reason.
In fact in this context, this movement is very similar to bitcoin. Bitcoin transactions are not "under the radar", instead they are out there for the whole world to see but no central authority can censor them. This is why bitcoin was created and is used, and similarly will be why the alternative to SWIFT will be created.

[WillyAp]

I don't know what you mean by "a US company", maybe a typo?

I don't think an US company would be involved in Case of Iran.
A state has much more money to move around and I doubt the Iran uses Bitcoin, except their own. Most likey a privacy coin.

[coupable]

A crypto solution would give away that edge.

If a country sends Ripple's currency or token it won't go over SWIFT.

This involves a bunch of problems. The most notable ones are volatility and control.
If anything decentralized like bitcoin or centralized like XRP or any other altcoin is used, all trades will be affected by their volatile price that stems from their small markets that can be manipulated (even more for altcoins).
If the technology is taken and a separate new network is created (like using Ripple not XRP) then it still suffers from the shortcomings of the blockchain technology that will show itself a lot more when it is centralized. In other words there is no reason to do it when they can just create a SWIFT like system!

I agree with you that it is not wise at all to rely on one of the existing blockchain networks in the cryptocurrency market or to create a new network. The BRICS unified currency project will not be able to avoid the principle of centralization and be able to control its uses, especially since each country has its own financial system and independent financial policy, which is difficult to fit all of them into one common framework.
I think that the most important question that must be asked when we discuss the idea of establishing a unified currency for BRICS is where will its value be derived from?
Is it permissible to rely on gold again? But most of it is in the hands of America and the West.
Is it permissible to use any other metal as a substitute for gold in this case? The producers of this metal will be very lucky, especially if they are not members of BRICS.
What is the probability of this currency's success if we provide it with a Bitcoin cover?

[pooya87]

I doubt the Iran uses Bitcoin, except their own. Most likey a privacy coin.

Well the thing about Iran's economy specially the foreign trades is that most of it is not made public. We only have a handful of official statements to work with. For example the statement by the official at the Ministry of Industry, Mine and Trade last year is the first official statement I can think of about cryotocurrencies being used to make an actual trade worth $10 million. Less than a month after that the regulations were published on using bitcoin mined in Iran for imports like importing vehicles. And the latest news I read 4-5 month ago was that the progress is slow and so far a couple of mining farms have joined and the trade size is only in tens of millions.

I think that the most important question that must be asked when we discuss the idea of establishing a unified currency for BRICS is where will its value be derived from?
Is it permissible to rely on gold again? But most of it is in the hands of America and the West.
Is it permissible to use any other metal as a substitute for gold in this case? The producers of this metal will be very lucky, especially if they are not members of BRICS.
What is the probability of this currency's success if we provide it with a Bitcoin cover?

That's the challenging part though.
But at the same time all fiat currencies in the world are like that! It is also how euro was created. Euro like the dollar is not backed by anything either and it is used in an "economic bloc" called Europe! So in a way euro is like the BRICS currency. It will be backed by its supply and demand and the economies that are behind it.

If an asset is needed to back BRICS currency they can use a basket of them instead of gold alone. That can include:
- Gold (Russia and China have the fifth and sixth largest supplies)
- Oil (Saudi Arabia + Iran + Russia = 30% and if you add their "friends" like Venezuela, Qatar, etc. it is >60%)
- Gas (Iran + Russia = almost 50% of all the gas on planet)
- Lithium (Iran started searching recently and one of the first things found was 8.5 million ton reserve + China 5.1 mil ton + if Argentina 20 mil ton and Chile 11 mil ton join BRICS that's again more than half)
- Plus some other minerals that I can't think of right now and is rich in the East

This also means that in the future BRICS has the potential to effectively dictate the price of all these resources.
Not to mention that they could effectively recreate Petrodollar concept with the new currency, meaning selling all these resources for the BRICS currency only.

[WillyAp]

This also means that in the future BRICS has the potential to effectively dictate the price of all these resources.
Not to mention that they could effectively recreate Petrodollar concept with the new currency, meaning selling all these resources for the BRICS currency only.

The biggest Issue I see is that BRICS has the poorest population. That is an issue and the numbers of trade won't make a difference.
They BRICS population should get wiser and invest in education, their own.

[coupable]

I think that the most important question that must be asked when we discuss the idea of establishing a unified currency for BRICS is where will its value be derived from?
Is it permissible to rely on gold again? But most of it is in the hands of America and the West.
Is it permissible to use any other metal as a substitute for gold in this case? The producers of this metal will be very lucky, especially if they are not members of BRICS.
What is the probability of this currency's success if we provide it with a Bitcoin cover?

That's the challenging part though.
But at the same time all fiat currencies in the world are like that! It is also how euro was created. Euro like the dollar is not backed by anything either and it is used in an "economic bloc" called Europe! So in a way euro is like the BRICS currency. It will be backed by its supply and demand and the economies that are behind it.

To my knowledge, this is not entirely accurate. The formula on which the euro is issued is not entirely entrusted to the European Central Bank. The bank issued only 8 percent of the total currency, and the rest was distributed among the European Union countries, each according to its population and GDP. To use the euro, the European Union countries were forced to abandon their old currencies backed by gold and a basket of other major currencies (mainly the dollar). Therefore, the Union’s issues of the euro are supposed to be compatible with the size of all member states’ reserves of gold and major currencies.
This is the information I have and I ask anyone with more accurate information to correct me since I cannot provide accurate sources.

If an asset is needed to back BRICS currency they can use a basket of them instead of gold alone. That can include:
- Gold (Russia and China have the fifth and sixth largest supplies)
- Oil (Saudi Arabia + Iran + Russia = 30% and if you add their "friends" like Venezuela, Qatar, etc. it is >60%)
- Gas (Iran + Russia = almost 50% of all the gas on planet)
- Lithium (Iran started searching recently and one of the first things found was 8.5 million ton reserve + China 5.1 mil ton + if Argentina 20 mil ton and Chile 11 mil ton join BRICS that's again more than half)
- Plus some other minerals that I can't think of right now and is rich in the East

- I do not think that either of them will sacrifice his gold savings, one of his sources of strength, for the sake of BRICS. This also will not be able to compete with the dollar.
- Oil prices are very volatile and can never be relied upon, especially since there is a global organization that monopolizes export policies and price setting (OPEC).
- I don't know of any possible formula to do this, but I think that gas might help in this in one way or another.
- As well as lithium and precious metals, but the size of global savings must be verified.

This also means that in the future BRICS has the potential to effectively dictate the price of all these resources.
Not to mention that they could effectively recreate Petrodollar concept with the new currency, meaning selling all these resources for the BRICS currency only.

This is certain, but let us not forget what you and I emphasized in several previous discussions: No currency project will succeed if its goal is to defeat the dollar, because this is not possible at all. We are looking for a balance of polarities where the global economy can choose from a basket of currencies and not be forced to use a single currency (the dollar) in a single way.

[serveria.com]

This also means that in the future BRICS has the potential to effectively dictate the price of all these resources.
Not to mention that they could effectively recreate Petrodollar concept with the new currency, meaning selling all these resources for the BRICS currency only.

The biggest Issue I see is that BRICS has the poorest population. That is an issue and the numbers of trade won't make a difference.
They BRICS population should get wiser and invest in education, their own.

Poor in comparison to what? The West? Yeah, I believe you can call it poor... but there are numerous countries all around the globe much poorer than BRICS countries. Western countries attract the most intelligent, qualified, trained peeps from developing countries aka "brain drain" but once these intelligent and qualified people will see opportunity in their own countries this process will stop and reverse. Let me remind you about Irish people leaving for the US, Italians moving to Germany, Polish people to the UK etc. Now Ireland and Italy are attracting lots of people from all around the world as a nice place to work and live, including former expats returning back home.

[DrBeer]

A simple example. For example in some country A, which is a member of the BBBB alliance, there is a nuclear power plant (just for example). In the BBBB union, among all its members, there is no country extracting or processing toll raw materials to produce fuel for the nuclear plant. But the BBBB union decided to break the financial system, and abandoned the piastres, for which all other non-BBBB countries trade, and adopted Ripple. Question - how can a BBBB country that has abandoned piastres buy something that is only traded for piastres ?  And they have no sources of piastres from foreign trade (exports only within BBBB) This is a highly simplified model, but the point is hopefully clear.

Indeed christal clear.
As all Ripple Transactions are not running under the radar, meaning not visible for the US, they can do as they plan and it'll not be out in the open. For visible observation there are satellites. But visibility does not say people have accurate, physical input, a reason why governments are suspicious. Government have human traits, they are envious as we are ie.
 
IRAN is doing it successfully although they don't use ripple, being an US company they most probably made up something else.

To clarify, I'm not from the US, nor a citizen living in the US. 

Between themselves, they can make calculations however they like - ripple, dates, cowrie shells, beads..... But this does not solve the problem of interacting with the "outside world" - and there nobody sells their goods and services for ripples or beads. That's where the main problem lies. And the economies of sub-sanctioned countries are far from being "self-sufficient", which means they need to buy a lot of goods on the world market, and there - the dollar. That is why all the methods of mutual settlements invented by rogue countries do not solve this global problem.

[pooya87]

This also means that in the future BRICS has the potential to effectively dictate the price of all these resources.
Not to mention that they could effectively recreate Petrodollar concept with the new currency, meaning selling all these resources for the BRICS currency only.

The biggest Issue I see is that BRICS has the poorest population. That is an issue and the numbers of trade won't make a difference.
They BRICS population should get wiser and invest in education, their own.

That has nothing to do with the part of my comment that you quoted!
For example Saudi Arabia has is both a rich country with the largest number of poor but at the same time they were dictating the oil price BUT for United States with Petrodollar. Ever since last year they stopped and haven't been doing that and were instead dictating or rather helping Eastern powers dictate the price of oil. They even threatens US regime with "major economic consequences"
https://www.washingtonpost.com/national-security/2023/06/08/saudi-arabia-cut-oil-production/

[WillyAp]

Poor in comparison to what? The West?

Money, purchasing power. 

That has nothing to do with the part of my comment that you quoted!

Why do countries sell their goods to the West? Due to hard cash, their citizens,companies, countries can pay in $ or €.
It is obvious that the governments do not like their people to be educated.

[pooya87]

Why do countries sell their goods to the West? Due to hard cash, their citizens,companies, countries can pay in $ or €.
It is obvious that the governments do not like their people to be educated.

It depends on which country you have in mind! There are nearly 200 countries in the world and every single one of them export goods to others and all their people pay for stuff in their local fiat not in $ or €.

As for education, I don't know under what government you've been living that's made you think this way but the scientific growth in the Eastern bloc has been fast. For example in the past 4 decades Iran has been leading in all the rankings like WOS which puts Iran as #1 in the list in Asia and I believe somewhere between #15 and #17 globally.
In fact one of the reasons why Iran has been under this many sanctions is this growth and also the reason why they fear BRICS as a whole so much. All these countries have tremendous amount of potential.

[WillyAp]

In fact one of the reasons why Iran has been under this many sanctions is this growth and also the reason why they fear BRICS as a whole so much. All these countries have tremendous amount of potential.

Yes IRAN has a higher education standart and has partially correct as the West is trying that there People only buy stuff.

[DrBeer]

As for education, I don't know under what government you've been living that's made you think this way but the scientific growth in the Eastern bloc has been fast. For example in the past 4 decades Iran has been leading in all the rankings like WOS which puts Iran as #1 in the list in Asia and I believe somewhere between #15 and #17 globally.
In fact one of the reasons why Iran has been under this many sanctions is this growth and also the reason why they fear BRICS as a whole so much. All these countries have tremendous amount of potential.

Is it possible to find somewhere references to these "fabulous" ratings, measurement methodology, samples, verifiable data ? Or is this information not for everyone ?
I wonder about development too ! For example, can we have a list of Iranian scientists and a list of new technologies/medicines/solutions to global problems that they have invented/researched/built/given to the world ?

I'm afraid it will be similar to the story about how the USSR defeated tuberculosis..... But it turned out that it was achieved with the help of BCG vaccination, which the USSR brazenly used, forgetting about the real authors. And also at the expense of thousands of tuberculosis dispensaries where huge numbers of people were simply held against their will.....

[Argoo]

This also means that in the future BRICS has the potential to effectively dictate the price of all these resources.
Not to mention that they could effectively recreate Petrodollar concept with the new currency, meaning selling all these resources for the BRICS currency only.

The biggest Issue I see is that BRICS has the poorest population. That is an issue and the numbers of trade won't make a difference.
They BRICS population should get wiser and invest in education, their own.

We talk a lot about the BRICS countries and discuss what they can do, including in opposition to the dollar. But I have not yet heard anything about what these countries have actually done in practice, what decisions they are making. There is also a lot of talk about the special currency of the BRICS countries, but there is no information at all about this possible currency.

Well, they created the BRICS Development Bank back in 2014 with an authorized capital of $100 billion and equity participation of all BRICS members. Authorized capital in dollars to fight against the dollar?

[Kelward]

I think that the BRICS is basically a formation of countries that wants to break the monopoly of the US dollar, as the recognized currency in international trades, because over the years most of these countries have been outstanding economically and technologically. If they're able to achieve this, then that means they'll reduce the dominance of the dollar internationally, and gradually weaken the US as the world power, only one country can not achieve this, so this BRICS alliance can form the synergy to make it happen. It's good that they're inviting countries who share their visions because there's power in unity, but disunity will be their greatest undoings.

[Aunt Lydia]

I was at the BRICS conference last August in Johannesburg. They are NOT going to start a new currency, instead they will just trade in each others' currencies. They've been buying and selling oil using the Yuan already.

One BRICS currency would be very stupid:
imagine there's a war in Russia and sanctions against Iran, which will now affect a country that has nothing to do with those things, say Argentina). That's what happened with Greece in 2015 – they were on the Euro and couldn't devalue their currency to make their goods and services more competitive to the rest of the world, so they couldn't get of a hole because of the Euro.

I think they should be using Bitcoin of course.... 

[Aunt Lydia]

I think that the BRICS is basically a formation of countries that wants to break the monopoly of the US dollar

They're basically trying to form a "global south/east" block, like the "West" (USA, UK, EU and Aus/NZ) is a block, who bullies the rest of the world and wages wars non-stop. If one can weaken the Dollar hegemony, they can become competitive. But these countries are very diverse in thinking and alliance: for instance India, they are a big buddy of the USA and hate China (they have a war being waged with knives, ongoing on their border).

When BRICS was only 5 countries, nothing much has happened, but they are slowly trying to make themselves an economic group.

Hence the New Development Bank (headed by Dilma Rousseff) to be like an IMF and World Bank but for BRICS (the IMF and World Bank essentially cause political coups and keep the "global south" poor: with coup d'etats and bribes to export these nations' wealth to the political elites in the west, by paying off one political family in said country to play ball. So one group of politicians in the US get rich, and one family in said global south country gets rich. Everyone else stays poor.

Obviously this kind of behaviour will also happen among BRICS nations, let's not kid ourselves.

The 6 new countries have all been chosen for their mineral and agricultural wealth, and I think Egypt for the Suez Canal.
That is one reason I think for the Genocide in Gaza right now. Israel and the USA wants to build the socaled "Ben Gurion Canal" from Eilat in the Gulf of Aqaba through the Negev, and out at Gaza into the Mediterranean. That's why this "port" the US is constructing in Gaza is not for humanitarian aid. It's to park war ships and eventually create a canal. They still have to deal with the Houthi's at the other end though. But they are already bombing Yemen so I guess they are next on the list of "enemies" to bomb and invade....

Hence, we need to get the populace excited about Bitcoin and the new financial system instead. Draining the US financial system of funds for war might be the only way to stop the forever-wars they wage on smaller nations with natural resources.

PS: Goldman Sachs has already predicted that IRAN has the potential of becoming one of the largest world economies in the 21st century. They have 10% of the world's oil reserves and 15% of the world's gas reserves. And lots of gold, iron, copper, lead, zinc, chromium and URANIUM. (also saffron, pistachios, caviar and dates). They also have a massive automotive industry producing cars sold all over the Middle East and Asia. Iran is helping Burkino Faso and South Africa build oil refineries now.

[WillyAp]

BRICS mirrors the issue Venezuela is facing.
No buyer base.

In BRICS countries only a few can afford a house, a bitcoin, or consume. Consume is what China sells.

[Aunt Lydia]

BRICS mirrors the issue Venezuela is facing.
No buyer base.

In BRICS countries only a few can afford a house, a bitcoin, or consume. Consume is what China sells.

Apparently from what I hear, few people in the USA can afford a house these days also.
Plus you're forgetting China: they are not poor anymore.

Crypto is big in Africa (South Africa, Nigeria and Kenya) so crypto is actually a very viable and interesting solution to a lot of problems with money and exchange rates and monetary fuckery in general...

[MissNonFall9]

People around the world began to come together to provide themselves with security and to move with cordiality. As such alliances in the world are expanding their area day by day to increase their capabilities. But it will be a very good decision if there is no alliance vindictive towards it. As experts debate the possibility of the dollar dominating the BRICS currency, the BRICS currency could depreciate the US dollar. I hope that BRICS will continue to embrace its underlying principles of non-interference, full equality and mutual benefit, and strive for mutual development through this.

[Aunt Lydia]

...the BRICS currency could depreciate the US dollar.

Like I said, there is no plan to create a unique BRICS currency. They will just start to use each other's currencies

also: China has strict monetary controls, you can't take your Yuan out of China for instance, so they will not allow for a BRICS currency that they can't have similar control over.

BRICS don't vote like the UN does, they all have the same "vote" (one) and no country has more "say" than another. They also don't have a veto like the UN does.

[MissNonFall9]

...the BRICS currency could depreciate the US dollar.

Like I said, there is no plan to create a unique BRICS currency. They will just start to use each other's currencies

also: China has strict monetary controls, you can't take your Yuan out of China for instance, so they will not allow for a BRICS currency that they can't have similar control over.

BRICS don't vote like the UN does, they all have the same "vote" (one) and no country has more "say" than another. They also don't have a veto like the UN does.

I also believe that they should keep their economy and domestic currency under tight control. The world will witness a pleasant environment if every alliance and state of the world has a spirit of cooperation and efforts toward development.
Experts have debated the currencys hegemony and being perceived as a geopolitical rival of the G-7 due to various BRICS initiatives such as the New Development Bank BRICS Contingent Reserve Arrangement etc. I believe that other like-minded countries including the countries included in the BRICS alliance will benefit if they remain free from that aspect.

[Aunt Lydia]

The world will witness a pleasant environment if every alliance and state of the world has a spirit of cooperation and efforts toward development. Experts have debated the currencys hegemony and being perceived as a geopolitical rival of the G-7

So right now, the only countries thirsting for these forever-wars are the USA and Israel (at this point the two seem so intertwined, I shall call them "United Statesrael". The USD is essentially backed by war and war ships. The USA can't afford peace, they don't want it.

I think that's why we have to start exiting from the rigged monetary system. We can start to starve the war machine of funds.

[WillyAp]

Apparently from what I hear, few people in the USA can afford a house these days also.
Plus you're forgetting China: they are not poor anymore.

Most Chinese are not rich in the sense of wealthy or even well off.
Even though US and Canadian Citizens have it harder to buy a house they still can due to their banks.
Banking in the 3rd World is still around 1800. They use correspondence banks, meaning the open an account in Citybank and receive the oder there.
It takes much more time, it cost much more.

Where do you live?
I lived in several countries and in the developed world it was easy to open a bank account. A day and the account was mine (?).
In the developing world its cumbersome to be able to open the 1st account.  It takes about 3 to 18 weeks to open one account. 

Tradewise it is a world of difference:

The US, Germany and the UK trade about 200 billion vs 45 Billion from BRICS.
Even if China's citizens buy more the production of China needs more consumers as they don not have enough. 

[pooya87]

I was at the BRICS conference last August in Johannesburg. They are NOT going to start a new currency, instead they will just trade in each others' currencies.

The plan to create a new currency is a serious one and has been being discussed for some time now. All you can say is that the said plan is not yet agreed upon by all members to start discussing the details and making it public, like announcing it in the conference you say you've participated in.

The problem is coming up with an agreement specially with weasel regimes like the Chinese who want to force Yuan on everyone replacing the dollar and nobody wants that
It is impossible to predict what they'd do in the end.

[Aunt Lydia]

Banking in the 3rd World is still around 1800. They use correspondence banks, meaning the open an account in Citybank and receive the oder there. It takes much more time, it cost much more.

Where do you live?
I lived in several countries and in the developed world it was easy to open a bank account. It takes about 3 to 18 weeks to open one account.  

Tradewise it is a world of difference:
The US, Germany and the UK trade about 200 billion vs 45 Billion from BRICS.
Even if China's citizens buy more the production of China needs more consumers as they don not have enough.  

Which "third world" countries' banking system is from the 1800's?
Because in my experience, banking in the third world is FAR better and technologically modernised than in the USA. The US banks don't even have EFT (electronic funds transfer) where I just put money from my Banking App into your bank account and if we're the same bank, the funds are available immediately. IF you're a different bank from me, I have the option to select "pay and clear now" and for a small fee, the money is available in your account immediately too. In the US you need third party apps like Venmo. We don't have Venmo because we don't need it. In Kenya they have a payment system that sits on your phone, called M-Pesa. It works different from a bank, it's run by your cellphone service provider.

We also do tax returns with eFiling (where your tax return is already loaded into the system you just have to tweak it if you want to upload proof that you have extra deductible expenses). But that is only because our tax revenue service is determined to squeeze every last blue cent out of the taxpayers. The only government institution here that does work and works very well, is the tax revenue service lol

I live in "third world" (South Africa) and I can walk into a bank now, and open a bank account within an hour or so. All I need is ID and Proof of Address (like a utility bill or something). Some banks I can even open one online (but they still want to see your face, so after doing the application online you still have to show them your face – we have a law here called FICA (Financial Intelligence Centre Act) that aims to prevent Identity Fraud.

Which countries are you referring to where it takes 3 to 18 weeks?

The Trading thing:
BRICS nations are the biggest producers of commodities, Western world is the consumer of said commodities. Plus, I don't know why the USA is trying to provoke a war with China: the two economies are so linked and need each other. China makes the stuff and the USA consumes the stuff. So both G7 and BRICS need each other. BRICS can't sell its commodities only to themselves. BRICS doesn't aim to overtake the G7 it just wants to be paid better for the commodities and not be exploited anymore:

Niger used to sell Uranium to France at something stupid like 2 cents per kilo, but the market rate is $200/kg. So they have recently raised the price to market value. France is not happy they can't exploit their ex-colonies anymore.

PS: Macron tried to join BRICS – last year he asked if he may get and invitation to attend the conference and the members said no.

[Aunt Lydia]

The problem is coming up with an agreement specially with weasel regimes like the Chinese who want to force Yuan on everyone replacing the dollar and nobody wants that
It is impossible to predict what they'd do in the end.

I don't think any BRICS member would want to be linked financially to each other with one currency. These countries are all very authoritarian in their own ways and I don't think they trust each other that much  

Imagine the king of Saudi having to trust Iran with a single currency. I don't see that happening.

Why would Brazil want to be linked financially to say, Iran or Russia in case of sanctions or wars or something that has nothing to do with them? No thank you.

[WillyAp]

Which countries are you referring to where it takes 3 to 18 weeks?

South America, I live in Venezuela.
That Macron was not welcome is quite normal, France forced their french colonial currency far too long onto their ex African Colonies.   

[electronicash]

The problem is coming up with an agreement specially with weasel regimes like the Chinese who want to force Yuan on everyone replacing the dollar and nobody wants that
It is impossible to predict what they'd do in the end.

I don't think any BRICS member would want to be linked financially to each other with one currency. These countries are all very authoritarian in their own ways and I don't think they trust each other that much  

Imagine the king of Saudi having to trust Iran with a single currency. I don't see that happening.

Why would Brazil want to be linked financially to say, Iran or Russia in case of sanctions or wars or something that has nothing to do with them? No thank you.

i don't think they trust anybody in their group but they were mixing all their assets afaik but not sure who will hold their assets and they come up with the currency BRICS as well. just like Europe where they have EURO. maybe its true that they will have their currency tied to each other.

however i don't think they are interested in new world order, they just want to be independent in finance and economics since most of these countries were sanctioned by US and if they can work around on their own means they are free from US sanctions.

[peter0425]

i don't think they trust anybody in their group but they were mixing all their assets afaik but not sure who will hold their assets and they come up with the currency BRICS as well.

Let us all be honest these countries will do anything to save themselves even if it meant they have to make it look like they have a partnership or just a good relationship with other countries. They are all in agreement because there is something they need from each other. The moment there is none, I am sure they will have no hesitation to turn their backs on one another.

however i don't think they are interested in new world order, they just want to be independent in finance and economics since most of these countries were sanctioned by US and if they can work around on their own means they are free from US sanctions.

Freedom from US is equivalent of being able to dethrone the US government and the US dollar.

[Aunt Lydia]

Freedom from US is equivalent of being able to dethrone the US government and the US dollar.

I think that's why all of us are in this Bitcoin movement – all of us want freedom from the US dollar and the US govt's effect on our lives... and whatever subsequent world domination that will come after the US hegemony.

[WillyAp]

I think that's why all of us are in this Bitcoin movement – all of us want freedom from the US dollar and the US govt's effect on our lives... and whatever subsequent world domination that will come after the US hegemony.

 
You don't know what you wish for.
Healthcare all done in the US currency,
Food, Merchant products, Ships, airplanes you name it. All use US$.

Imagine you need to bring someone to a clinic, and you need to sort out what kind of currency can be used. The patient dies.

 

[Aunt Lydia]

You don't know what you wish for.
Healthcare all done in the US currency,
Food, Merchant products, Ships, airplanes you name it. All use US$.

Imagine you need to bring someone to a clinic, and you need to sort out what kind of currency can be used. The patient dies.

Well obviously a circular economy running on Bitcoin will include these services.
Why are you on this forum if you don't believe in Bitcoin?

[pooya87]

You don't know what you wish for.
Healthcare all done in the US currency,
Food, Merchant products, Ships, airplanes you name it. All use US$.

Imagine you need to bring someone to a clinic, and you need to sort out what kind of currency can be used. The patient dies.

Does US even have a healthcare system
Last I checked every year millions of Americans traveled to another country specially Mexico for all their medical and dental procedures...

[Aunt Lydia]

Does US even have a healthcare system
Last I checked every year millions of Americans traveled to another country specially Mexico for all their medical and dental procedures...

They have the healthcare but only for the top 1% perhaps. Same with University Fees.
These industries seem to be bubbles that will have to burst at some point...

[harapan]

Honestly,the BRICS is becoming more and more stronger with their component's.They're strongly forming into a huge and large alliance,they're alliance is threatening and will begin to frighten other economic activities.As it is right now,it's very difficult to determine  or predict what the BRICS are up to.
This is ultimately a big win for China because they seem to be fighting for a strong voice in today's world affairs.The BRICS is generally increasing in population and politically and economically all together.

[electronicash]

i don't think they trust anybody in their group but they were mixing all their assets afaik but not sure who will hold their assets and they come up with the currency BRICS as well.

Let us all be honest these countries will do anything to save themselves even if it meant they have to make it look like they have a partnership or just a good relationship with other countries. They are all in agreement because there is something they need from each other. The moment there is none, I am sure they will have no hesitation to turn their backs on one another.

however i don't think they are interested in new world order, they just want to be independent in finance and economics since most of these countries were sanctioned by US and if they can work around on their own means they are free from US sanctions.

Freedom from US is equivalent of being able to dethrone the US government and the US dollar.

it's not like US doesn't have a chance to rise again. they have all the means from the start. they were just not believing from the beginning that BRICS is dedollarising and all they saw was that it's not true and that BRICS is delusional.

they are going to keep adding more countries to their side if nothing is changed in the policies.  my country is allied with the US to this day, seems nothing has been done to improve our lives. maybe going with BRICS for a change will result in something better. maybe this is what those new BRICS members are thinking as well.

[WillyAp]

Well obviously a circular economy running on Bitcoin will include these services.
Why are you on this forum if you don't believe in Bitcoin?

That is just wishful thinking.
How many people in your neighborhood know how to pass a few satoshies or Bitcoin to another wallet?