More than 30 countries want in on BRICS

Bewlen said:
Ai, another one....
Click to expand...
one look at your laughable profile pic and I can only imagine how frustrating it must be to pretend Ukraine is ceding territory on a daily basis as part of some grand victory plan

someone who is that far removed from the truth can't be taken seriously I'm afraid
 
Not sure if this directly holds a connection but more and more countries want to move away from using the US dollar as the main trading currency, and primary reserve currency. It will be bad for the world if all the countries move away from it. My reasoning being that the US uses economic pressure to control and keep world peace. (or well they did until the wrong people got into power and figured out that its profitable for them to be pro war). Everybody who is not a terrorist or commie wants world peace I would imagine.
 
Vorastra said:
Core BRICS currently accounts for 33.154% of the world's GDP (PPP).

G7, which BRICS is intending to compete with, is 29.482% of the world's GDP (PPP).

No biggie. BRICS is irrelevant. Until it isn't.

EDIT: formatting, additional info
Click to expand...
Seems history doesn't teach people any lessons.

The next thing, one "major country" requests to join, then another... the next thing the BRICS blog is a major player in the world.

Reminds me of how the Japanese cars were laughed at initially. Fast forward to now...
 
What the benefit for me if it should happen. Besides shouldn't Russia be kicked out for it to hold any value of other then a stupid way to piss of the western countries.
 
NarrowBandFtw said:
one look at your laughable profile pic and I can only imagine how frustrating it must be to pretend Ukraine is ceding territory on a daily basis as part of some grand victory plan

someone who is that far removed from the truth can't be taken seriously I'm afraid
Click to expand...
I shall toss and turn, unable to sleep tonight. Oh, woe is I, for a russkie bottom refuses to take moi seriously.

And yet I sleep sound knowing that all of your nutritional requirements are met, nay, exceeded even in protein intake! For vladcum chokes your lungs, and leaves a snailtrail as you waddle.
 
Bewlen said:
I shall toss and turn, unable to sleep tonight. Oh, woe is I, for a russkie bottom refuses to take moi seriously.

And yet I sleep sound knowing that all of your nutritional requirements are met, nay, exceeded even in protein intake! For vladcum chokes your lungs, and leaves a snailtrail as you waddle.
Click to expand...
there's the cope I knew you were struggling to hold back!

:ROFL:
 
Avbob se stoep said:
My reasoning being that the US uses economic pressure to control and keep world peace. (or well they did until the wrong people got into power and figured out that its profitable for them to be pro war)
Click to expand...
which is precisely why the USD must die a quick death for the greater good, it is not a weapon of peace, it has become the opposite
 
Vorastra said:
Core BRICS currently accounts for 33.154% of the world's GDP (PPP).

G7, which BRICS is intending to compete with, is 29.482% of the world's GDP (PPP).

No biggie. BRICS is irrelevant. Until it isn't.

EDIT: formatting, additional info
Click to expand...
Well China accounts for a lion's portion of that, and they're not exactly an economy where you can trust the figures they release.
1729692904140.jpeg
www.stlouisfed.org

China’s Official Economic Data: Is It Accurate? | St. Louis Fed

Find out why accurate reporting by China on its economy is important and how doubting outsiders are stepping in with their own measurements.
www.stlouisfed.org www.stlouisfed.org

That's not to say China's economy isn't big, it's just way less than they say it is, plus they have a retirement crisis looming in about 15 years (there's an entire thing about China inflating its population by 100m, the worry is that this is within the 20-40 cohort, who need to carry the older generation).

And then India hates China, and you have a Russia that is currently imploding.

BRICS is not even close to the unity that G7 has, so it doesn't mean anything.
The oil figures if middle eastern countries join is interesting, but will slowly become irrelevant, especially as the US is still the largest producer and as they move away from it for more industries, that will open up more reserves to the rest of the world.
 
Dups! said:
Reminds me of how the Japanese cars were laughed at initially. Fast forward to now...
Click to expand...
Just as people recently laughed at Chinese cars, yet they're getting more and more popular to the point where it's already scaring the EU and US so much that they're talking about tariffs to keep their own cars competitive.
 
BRIC(S+) might well coalesce into a trading bloc of sorts. But it has zero chance of displacing the USD as the global reserve currency. For one, not a single one of their currencies remotely has the liquidity, availability, tradeability and open bond trading market to ever get close. The only possible candidate is the Euro, but they blew it when savers took a haircut.
 
Johnatan56 said:
Well China accounts for a lion's portion of that, and they're not exactly an economy where you can trust the figures they release.
View attachment 1767125
www.stlouisfed.org

China’s Official Economic Data: Is It Accurate? | St. Louis Fed

Find out why accurate reporting by China on its economy is important and how doubting outsiders are stepping in with their own measurements.
www.stlouisfed.org www.stlouisfed.org

That's not to say China's economy isn't big, it's just way less than they say it is, plus they have a retirement crisis looming in about 15 years (there's an entire thing about China inflating its population by 100m, the worry is that this is within the 20-40 cohort, who need to carry the older generation).

And then India hates China, and you have a Russia that is currently imploding.

BRICS is not even close to the unity that G7 has, so it doesn't mean anything.
The oil figures if middle eastern countries join is interesting, but will slowly become irrelevant, especially as the US is still the largest producer and as they move away from it for more industries, that will open up more reserves to the rest of the world.
Click to expand...
I'm still waiting.

20241023_162430.jpg

Russia is not imploding. China and India has just had their first meeting again in 5 years.

I agree though, BRICS is not as tight as G7, until it is. Issues get resolved when clear economical benefits appear. Once BRICS is in a position to positively and clearly improve member economies, India and Brazil will fall in line.

An hour ago.

Screenshot_2024-10-23-16-29-37-942-edit_com.twitter.android.jpg
 
Vorastra said:
Just as people recently laughed at Chinese cars, yet they're getting more and more popular to the point where it's already scaring the EU and US so much that they're talking about tariffs to keep their own cars competitive.
Click to expand...
Exactly!!!
 
Arthur said:
For one, not a single one of their currencies remotely has the liquidity, availability, tradeability and open bond trading market to ever get close.
Click to expand...
Hence why BRICS is working on a digital currency for use on intra-BRICS trade and eventually as a trade barrier with the bloc.

BRICS Pay is also being worked on. A system for intra-BRICS transactions that free up member countries from being affected by sanctions, such as SWIFT restrictions, moving forward.
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter