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Topic: Can BRICS topple US' economic power? - page 5. (Read 771 times)

legendary
Activity: 3472
Merit: 10611
June 21, 2024, 10:23:15 AM
#3
Can BRICS topple US' economic power?
I wouldn't call it "topple". In order to grow, there is no need to topple anything.
BRICS will help all these member countries to grow whereas in the Old World Order (ie the unipolar world) they couldn't because US regime prevented them from growing either by sanctions (economic war) or invasion (armed conflict).

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What would happen if half of the world (or a sizeable amount) joins the bloc? Would this threaten US' economic power? Or will they eventually fail? With rising geopolitical conflicts, the world will become extremely polarized. This might very well mean the end of the USD's status as the world's reserve currency and the US' status as a global superpower. Am I right?
It all means end of US as the only power that dictates everything like a bully.
With more power poles we go back to a normal world that existed for thousands of years until 1991.

The success of BRICS is unpredictable at this point since during transitional phase when the World Order is changing there is a lot of tension and conflicts. In the chaos, everything is possible. From a smooth transition (with the existing conflicts on small scale) all the way to global nuclear war and extinction of human race.
Only one thing is certain though: the unipolar world is over.
hero member
Activity: 910
Merit: 680
June 21, 2024, 09:38:09 AM
#2
Definitely possible, it just takes time.

We don't know what Biden will do in the future to react few countries that want to be against US, either US sanction those countries, US start a war or they do nothing. If US do nothing, they will lose since most of their products are imported from Asian countries, probably they will sanction those countries, so it will pressure other countries that to join BRICS.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
June 21, 2024, 07:39:55 AM
#1
Day by day, the BRICS' alliance is strengthening itself as new countries become members of the bloc. They've announced their intentions of launching a digital currency of their own, in a bid to challenge the US' hegemony over the global economy. It's rumored that the new currency will be backed by Gold. Recently, Thailand announced its intentions to become a member of BRICS. At the time of this writing, the bloc consists of 9 member states.

What would happen if half of the world (or a sizeable amount) joins the bloc? Would this threaten US' economic power? Or will they eventually fail? With rising geopolitical conflicts, the world will become extremely polarized. This might very well mean the end of the USD's status as the world's reserve currency and the US' status as a global superpower. Am I right?

Your input would be greatly appreciated. Thanks. Smiley
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