In China’s dreams. It’s an economic factory nation - nothing more. Without the US trade they collapse.
Ever notice the same people who post about how the BRICS will take over the world are the same people who state that Russia is a victim of Ukraine and use the phrase “red pulled?” I hate those people.
The US dollar ain’t being toppled, it’s a SUICIDE!
self inflicted disaster....
I cannot see China ruling the world.
They spend a huge amount of time, effort and money stealing others’ ideas and technology.
A country that cannot lead in creativity and innovation cannot rule the world.
Grow up
I’m reading with interest all articles and posts and appreciating those that are intelligent, non-propaganda (non-b.s.)
Bye bye, don’t ever think your coming back
Bkmk
Fashionable template driven article.
Drivel
The headline would be more accurate to say Russia instead of China. More true is the combination. This could happen without both Russia and China being on board. Russia is a major producer of critical resources. The west cut off the dollar from the resources. Seems silly because you can do without the currency, in the end, not so much without the resources.
A candidate for a global reserve currency must meet certain criteria. Obviously, the currency must represent a big part of the world's economy, but even more important is that the government(s) representing that part of the global economy are stable.
The USA is, despite all of its problems, the most stable of all of the possible contenders. The USA has a huge economy representing a major part of the world's GDP. The USD is a cockroach, but it's clearly the prettiest cockroach of all.
Even the Euro, the runner up for global reserve currency, is less stable - given BREXIT and all the other countries ticked off about rule from Brussels. The EU has a huge economy, and a good deal of stability, but it's not as stable as the USA, at least not yet (although we're getting there). (p) The Euro is a much prettier cockroach than the BRICS currency. Think of all the instability inherent in that acronym. A BRICS currency would surely be the ugliest cockroach imaginable.
Just off the top of my head - Brazilian society is extremely divided between the white south and the black north. The white south is first world, the black north is a third world sh*thole. The politics are always on the verge of a military takeover. Instability is baked in the Brazilian cake.
Russia - what can I say? Russia is a second rate economy governed by a kleptocracy surrounded by enemies, including the European Union and NATO and China. They have huge internal insurrectionist populations, most of them led by radical Muslims.
Russia and China fought a war 50 years ago in Khabarovsk. China have has historical irredentist claims for all of Siberia and Central Asia. India and China actually were shooting at each other two years ago because China is trying to dam the headwaters of the Ganges River, sacred to Hindus. China has huge demographic problems.
South Africa? Seriously? South Africa will contribute to the stability required for a BRICS global reserve currency?
It's silly, really. I get hating GloboHomo but let's not let that blind us to reality. BRICS will never be a thing.