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To: aMorePerfectUnion
I wrote in post #33
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.
you are talking about "a re-alignment against the west" -- this has been talked about for some time and it's not happening. The reason is that China and India have their own views of a multipolar work

The dollar will ultimately be "replaced" but it won't be by the "BRICS" but rather by a bunch of different currencies?

As to "every month there is additional interest and movement..." - that's purely in the reporter's heads. There are no actions because they don't have anything in common

finally, you state "western high debat financial states and commodity rich states"

-- lots of non-western countries are both financial and high debt states

52 posted on 05/21/2024 7:36:12 AM PDT by Cronos (I identify as an ambulance, my pronounces are wee/woo)
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To: Cronos

Thanks for sharing your views.


53 posted on 05/21/2024 7:38:36 AM PDT by aMorePerfectUnion
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