Topic: The disappointing outcome of BRICS 2024 - page 6. (Read 1420 times)

This is Brics' second big problem - China's attempts to either export its economy's problems to other countries (through its attempt to push the yuan as the BRICS single currency).
The third problem is real colonization and takeover through deliberate bankruptcy or non-implementation of interstate projects, followed by ownership of China, and the obligation of the “China donor” country to pay huge loans and fines. Some countries have already realized what the new colonialism with a “Chinese accent” is. If you are not aware, read what “Chinese friend and honest investor” did to Srilanka !

BRICS was just 5 countries and now it's almost 10. They refuse IMF, they give alternatives to small countries where the US is out of the equation.

This is why it always ends up in war when it comes to who's going to dominate. while BRICS is just a minuscule, it seems like they are still panicking. Well If they have Billions of debts to China and they pay interest to Beijing which Beijing is using the money to build its economy and their Red army, they gotta act.

And the reason for this behavior is simple - they do not want to become hostages and handmaidens of international criminals, they do not want to be used by anyone to solve their problems, they do not want to oppose the developed world, they want to create an effective economic union to make life better in their countries and not to make life worse in others. But some people for some reason listen to “sweet speeches” and do not think about what these speeches are made for and for what purpose. I am glad that some of the BRICS members have not only conscience but also a brain!

At the BRICS summit, which took place in Kazan, Russia, on October 22-24, Putin wanted to agree on creating an alternative system of international payments to carry out transactions without using the US dollar. However, the leading members of the bloc, in particular India, Brazil and South Africa, did not support this initiative.

Also, instead of a single BRICS currency, only a symbolic banknote of the BRICS countries was presented at the forum, which Putin then showed to his ministers. But the issue of a single currency was not even discussed at the summit.
Many BRICS member countries spoke out against the politicization of this association.
https://financy.24tv.ua/ru/putinu-predstavili-alternativnuju-banknotu-briks-finansy_n2669943

Hm...perhaps I don't know English very well, or didn't quite understand your point, I'll ask you to clarify it ! What is my stubbornness ? Is it that I stated the FACTS ? Ok, let's go the other way:
Please argumentatively refute my propositions:
1. trade turnover within the BRICS is minuscule against the background of the world economy, which works with the dollar.
2. BRICS has only SEVERAL countries with more or less strong economies, most are very questionable members and some are global pariahs.
3. Some of the BRICS members have tried and are trying to manipulate the goals of the union, and are trying to turn this economic union into a politically engaged group, to solve exclusively their own interests, and to be completely open - to solve the issues of avoiding deserved punishment for crimes committed ?

I am very much looking forward to your answers to these 3 simple questions, and explanations as to what you meant by the word “stubbornness”

I believe that in the future, even if BRICS succeeds in de-dollarization, you will still be disappointed in them and will continue to come up with thousands of other reasons to justify your stubbornness. Because you are a loyal fan of the United States, anything that harms the dominance of the United States and the USD means nothing to you.

I am not saying that BRICS will definitely succeed in de-dollarization because I know that this is an arduous and challenging process, and they need to put in their best efforts. They may fail too but jumping to conclusions now is premature and somewhat conservative because as long as they don't stop then it means they haven't failed yet. Not to mention, everything is going exactly as they expected, how can one say this won't go anywhere?



We should stop attacking each other just for our egos, instead let time answer everything.

Quantity absolutely does not mean quality ! Tell me, what benefit for example Cuba will bring to BRICS ? Have you ever been to Cuba? I have been there, that is why I am asking you this question, and I am very much waiting for an answer

The second problem is mentioned above - some of the participants do not aim at economic changes at all, but pursue their own selfish goals, far from building a strong economic union.

BRICS are expanding. From 4 countries BRIC to 5 countries BRICS. Now they have expanded and they are 10 countries. Brazil, Russia, India, China, South Africa, UAE, Iran, Egypt and Ethiopia.

They added partner countries recently. They are: Algeria, Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Nigeria, Thailand, Turkey, Uganda, Uzbekistan and Vietnam.

As more countries will join BRICS, their dedollarization plan chance to succeed is decreasing.

As we know, the Russian president (international criminal) hosted the BRICS summit in Russia last week.

Expectations, he (russia's president) had were as follows:

1. To create an alliance against the US
2. Creating an alliance for “dedollarization”.

He does not hide them and believes that BRICS, for him, should become a tool for the realization of his goals.

The reasons are banal - an attempt to manipulate a fairly significant international union to achieve his own selfish goals. As we know, China made a similar attempt earlier, trying to save its economy through “exporting inflation and problems”, trying to impose the yuan as the BRICS reserve currency.

Unfortunately, we live in a world where they try to realize their political complexes through the economy and try to solve their political problems. Another attempt is BRICS2024.

But, let's return to the facts to understand what happened and what to expect in the future.

1. The BRICS single currency and de-dollarization. Let's start from afar. I am sure that Russian media did not publicize this information, but the fact is the fact: participants and guests of BRICS2024 were warned that they would not be able to use international payment cards Visa and MasterCard. Therefore, they were strongly advised to fill their wallets.... No, not with yuan or rupees..... No. Preferably in dollars, or euros if there will be problems with dollars You feel the “power” of one of the initiators of BRICS, and the fight against the dollar, which according to Russia “is not secured by anything and is of no interest” ) Generally expected...
A single currency of a large economic union is quite logical, but it is necessary to meet several conditions

1 support of the interests of all participants who will work in the space of a single currency
2 technical realization
3 integration with existing systems like SWIFT. Why ? Because the BRICS market is not self-sufficient, it is dependent on non-BRICS countries. Dependent both on goods, technologies and markets, since the majority of the “BRICS economy” is export-oriented or resource-based.
4 common sense.

The 1st and 2nd points are realizable, although they will require enormous effort. The problem is that BRICS is not a union of like-minded people, it is a “union of competitors” with different goals and interests, among which there are also very unscrupulous participants who want to solve their own problems, which they have created for themselves.
3. This one is difficult, because integration with SWIFT implies mutual settlements in the dollar... which BRICS is going to abandon.... In a word, a difficult problem to solve
4. This is where some of the participants have it quite bad. For example, Russia openly states that leaving the dollar is necessary... in order not to get under sanctions and not to get deserved punishments. That is, not for the creation and development of the BRICS economy (where most of the participants are adequate, except for a few participants), but only to solve the problems of Russia and a few other pariah countries, such as Iran, or countries that have decided to follow the path of criminals and potentially approaching pariah status and punishment in the form of sanctions.


Another problem, and again not for the BRICS, but for.... Russia's politics again, and more specifically recognizing Russia's crimes against Ukraine. Putin (an international criminal) had a dream that his “master” China would continue to ignore the problem and continue to widely support Russia, its raw material appendage. But it turned out that China has absolutely told russia to end the war unleashed by russia against Ukraine, and to respect international law and other laws. The reason is that Russia's toxicity is beginning to have a very negative impact on its “friends” and even on its host China, which China does not like, especially against the background of growing problems in the Chinese economy.


Russia's attempts to draw the BRICS members into a political alliance not for unification but against the U.S. are guaranteed to bring problems to those who fall for this provocation. But the rogue countries in BRICS have almost nothing to lose, but normal countries have something to lose and it will be painful for their economies and all their citizens. BRICS will probably be forced to reform, because in order to build a quality economic union that will be significant, respected and influential, it is necessary to throw out toxic participants from its membership. Otherwise, BRICS is doomed to failure and self-destruction.

To return to these points:
1. Creation of an alliance against the US
2. Creating an alliance for “de-dollarization”.

As it turned out, the majority of BRICS participants are categorically against such steps, as their economies are strongly integrated into the world economy. And without quality interaction with the world economy, the world financial system and quality relations with the West and the U.S., it will be very difficult for them, because BRICS is still an economic union, but its indicators are extremely low and cannot compete with the “dollar” economy.

Those who like to fight with common sense and reality, very much dislike statistics, honest, verifiable statistics. They remove them cowardly and as quickly as possible, because these indicators destroy all their unsupported fantasies. Let's look at the NAMIPULATIONS of some BRICS participants and the REALITY ?

Very revealing statistics.... Or how to manipulate data for mental self-satisfaction ?
According to Putin, the BRICS are almost 50% of the world economy, population, etc. etc. etc. . “Beautiful facts.” It looks very demonstrative, powerful and immediately Putin's soul becomes calm - “we will definitely dedollarize everyone and defeat the West and the USA!”.
But if we do not clog our brains with cheap and primitive propaganda, and look more broadly at analytics, we will get:
1. Yes, the population of the BRICS countries is a significant portion of the world's population.
2. Yes, the combined economies of the BRICS countries make up about 45% of the world economy.

But.

1. In 2022, world trade amounted to a record 32 trillion dollars
2. And now for the “mighty BRICS alliance.” It turns out that these “de-dollarization allies” and “adversaries of the United States” from 2017 to 2022, trade between the five members of the BRICS bloc totaled $422 billion. Over the five years, a significant part of that volume, was oil and gas from russia. China and India, for the last 2 years have been getting oil and gas from russia virtually for free. Why? Because both China and India refuse to pay with dollars, and “pay” with local currencies that cannot be used in Russia !

Subtract the cost of oil and gas from 442 billion, and divide the rest of the sum by 5 years. And calculate how many percent it will be from 32 trillion dollars, the turnover of the world economy, only for 2022 ! And everything will become clear to you


What is your opinion about the essence and results of the BRICS2024 summit? What else could you add to fully understand what is happening and the consequences of these events ?


PS The Central Bank of Russia's interest rate has increased to 21%!!!! Advice to the citizens of Russia - take loans for extremely large sums in rubles, buy currency with them, no, not the Chinese phantoms, but full-fledged currencies - dollar and euro, and try to take them out of Russia. Believe me - very soon you will either close the loan for less than half of the funds you purchased, and perhaps you will not have to repay the loan because of the collapse of the banking system of Russia, to which there are preconditions.

PS Indicative punishment of Iran by the Israeli Air Force, an event that could very much affect the economy of one of the “fighters against the dollar and the U.S.”. If the ruler of Iran again fails in his brain and tries again to make another terrorist strike on Israel, it will cause the second fair strike, and this time, for a long time, the oil and gas industry will be destroyed, which will destroy the economy of Iran. That will play only to the advantage of the United Arab Emirates, for example, a BRICS member, and the overall picture of the economic performance of the pariah countries, BRICS members, is expected to worsen.