[Cronos]

BRICS are all talk, little action. The actions that they have taken are, laughable:

1. The New Development Bank (NDB), also called the BRICS Development Bank was created as an alternative to the World Bank.

The few loans that the NDB actually gave out have by the way been in … US Dollars as currency.

2. They had meetings to talk about an alternative to the dollar, but no way is India going to take the yuan, leave alone the rouble, as an alternative.

3. India has more tariffs and legal bans on Chinese trade than the USA and European countries have put on China - combined.

[Vigilanteman]

I was scratching my head just trying to figure out what action BRICS has actually taken . . . and YOU summed it up quite nicely.

It is a pipe dream for a part of the world that has to mostly export their best and brightest.

[aMorePerfectUnion]

Couldn’t disagree more.

What is emerging isn’t an instantly developed financial system, but a realignment against the west.

No tree is chopped down with just one blow of the axe.

It will not instantly and universally replace the dollar as reserve currency, nor the west’s SWIFT and banking system.

It is never the less causing realignment, and shifting the settlement of trade into currencies other than the dollar.

Every month there is additional interest and movement toward BRICs alignment and a growing shift from using the dollar exclusively.

I find it significant that there is a division between the western high debt financial states and the commodity rich states. This particularly so at the end of a debt super cycle and a shift from public to privately owned assets.

This is obviously simply my observation and opinion and may prove wrong or not.

Best.

[icclearly]

BRICS are all talk, little action

Oh sure!

That's what they said about us in 1776.

Guess who grew up to be a giant.

I guess you also don't believe that more and more countries are dumping the dollar and trading in their own currency, too.

Our days of being the "big boy" dictator on the block are slowly coming to an end -- like all societies ultimately do.

Get that -- ALL.

We are $34 trillion in debt and growing every year -- and that doesn't include SSI or Medicare, which are headed to an end unless we change. Our money printing days are about over.

We're circling the drain.