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If Russia and China do it right, EU countries might want membership. Consider that many EU businesses are blocked from aspects of US finance right now. And the people of the US are blocked from easy financial access to many EU financial companies.
Russia and China simply want to do trade. The people of the EU countries and the US want the same. It's the US and EU big money people and governments who are blocking Russia, China to some extent, and would be blocking BRICS if it really became active.
Possibly BRICS can figure out a way to let the US and EU people into BRICS directly, without the control of the US and EU governments. One way might be through
Qortal or
Session.The BRICS and the alledged threat it represents against the dominance of the dollar and the effectiveness of the sanctions imposed by the United States and the European Union are and will continue to bee just hot air as long as they stay without issuing their own international currency. And to be honest, I doubt China would be in favor of linking their economy directly to the economies of others nations which are pretty much more undeveloped than herself.
It would make more sense if China decided to push the Chinese Yuan as the official currency of the BRICS, in consequence the BRICS members would have access to the currency of dual circulation in their territories.
Also, if you know anything about countries within the European Union, you would rewlize they do not only care about the objectives but also the path to achieve whatever they want, otherwise they would have continued to mine for coal instead looking for ways to transition to cleaner energies to get their own version of energy independence. If they do business, they will care on the impact it will have for the world.
BRICS stands as smoke and mirrors, until their start to print and ship their bills overseas. Let me know when then start and whether those bills are backed with anything.
BRICS doesn't need to be developed much at all. All the BRICS nations have to do is adopt any combination of crypto currencies, and tweak them a little to make a physical crypto that can't be counterfeit, except if the receiver is stupid enough to do absolutely no
DUE DILIGENCE at all.
They can also be made to be formally backed by gold or silver, etc., for whenever the holder wants redemption at an authorized BRICS bank. In fact, this might be why China and Russia are hoarding gold and silver... because they are already prepared with the crypto part.
Such a thing could have been done - and actually was done - in the US long ago. But the SEC made it so difficult for the creator of the physical bitcoins, that he stopped sending them into the market. Well, the US can't stop the BRICS bank like they can stop somebody from their own jurisdiction.
What this means is that Russia and China might easily be prepared, already, to crash the US banking whenever they want. It means that they won't have to go against Europe and the US. The people of those countries will WANT the BRICS crypto, and will overcome their governments' objections out of hand.