Topic: BRICS has become eleven countries instead of five. - page 3. (Read 1354 times)

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.

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. 

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 ?

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.

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!

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.

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.

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.

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

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.

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?

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.   

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...

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.

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"

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.
 

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!

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.

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 ?

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.

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.

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.