BRICS wants to expand

[Caesar of Bread]

I thought it was

Bolivia
Uganda
Liberia
Libya
Somalia
Haiti
Indonesia
Tonga

Could be wrong?

Let’s go.

 

[Broken_Erika]

They want to add even Haiti? That was a surprise, I don't expected that.

Sound out the acronym.

 

[Akka]

Well if BRICS gains too much traction expect a sudden collapse in China's financial markets (perhaps caused by certain Taiwanese or erm I mean "Chinese investors" working with the CIA to manipulate/attack certain economic vulnerabilities within China's shadow banking system) that spreads around the world producing a global recession/depression that then oh so magically happens to swallow up and destroy most of the Saudi Crown's over seas investments followed up by another oh so magical Second Arab Spring coincidentally not long after.

Two birds taken out by one stone followed by Brazil sinking into political polarization while descending into economic turmoil from being unable to export as much natural resources and agricultural goods to China due to being economically down, thus becoming the third bird.

So basically the USA has a magic wand to control everything in the world, and is only allowing China to be a rival for keeping the game interesting ?
Or is it the next James Bond script ?

 

[EnglishEdward]

For some reason this BRICS thing makes me think of the Holy Alliance.

Holy Alliance - Wikipedia

en.wikipedia.org

which was in many respects a grouping of those against political and social liberalism.

 

[Quintillus]

The BBC is reporting that the new invitees are "Argentina, Egypt, Iran, Ethiopia, Saudi Arabia and the United Arab Emirates".

So I'm curious what Takhisis's thoughts are.

I'm not sure how significant being part of BRICS really is? I thought it was a grouping of countries with similar economic growth patterns in the 90s and 2000s, who decided to start a coordination group, but that is wasn't a whole lot more than just that - a policy coordination group.

 

[EnglishEdward]

I think BRICS originally started off as countries vaguely disgruntled that they were not invited to be in the USA led Group 7/8 etc leaders summits etc.

 

[Quintillus]

I think BRICS originally started off as countries vaguely disgruntled that they were not invited to be in the USA led Group 7/8 etc leaders summits etc.

It sounds plausible when read, but Russia was already part of the G8 when the "BRIC" term was coined.

Wikipedia says of the early days of BRIC(S) meeting:

The BRIC grouping's 1st formal summit, also held in Yekaterinburg, commenced on 16 June 2009,[20] with Luiz Inácio Lula da Silva, Dmitry Medvedev, Manmohan Singh, and Hu Jintao, the respective leaders of Brazil, Russia, India, and China, all attending.[21] The summit's focus was on improving the global economic situation and reforming financial institutions, and discussed how the four countries could better co-operate in the future.[20][21] There was further discussion of ways that developing countries, such as 3/4 of the BRIC members, could become more involved in global affairs.[21]

In the aftermath of the Yekaterinburg summit, the BRIC nations announced the need for a new global reserve currency, which would have to be "diverse, stable and predictable."[22] Although the statement that was released did not directly criticize the perceived "dominance" of the US dollar – something that Russia had criticized in the past – it did spark a fall in the value of the dollar against other major currencies.[23]

I'm not sure how much the focus is still on involving developing countries in world affairs, or creating a new global reserve currency (the latter in particular seems like a moonshot of a goal). But I suppose I'm still curious if this is likely to lead to practical developments for new members, or just signal to the world that they are aligned with Russia and China in foreign affairs, with the implications that brings.

 

[uppi]

Perhaps none of the parties interested care about transparency? Most of BRICS countries are corrupt and have a "pay under the table/as long as I get my money just don't tell me the details" modus operandi.

Even a corrupt leader will want to know, whether they get their "fair" share our whether they are being cheated

I'm not sure how significant being part of BRICS really is? I thought it was a grouping of countries with similar economic growth patterns in the 90s and 2000s, who decided to start a coordination group, but that is wasn't a whole lot more than just that - a policy coordination group.

If I understand this correctly, membership means that you get invited to a summit every year. While you are there, you might or might not make further agreements. Very similar to how G7 works.

 

[Moff Jerjerrod]

Fyi ~60% of the worlds foreign exchange reserves are held in US Dollars. For Chinese Yuan the number is below 3%.

I guess we'll see.

 

[Thorgalaeg]

I guess if you are young and keep eating healthy and doing some cardio regularly you will live long enough to see it.

 

[Joij21]

So basically the USA has a magic wand to control everything in the world, and is only allowing China to be a rival for keeping the game interesting ?
Or is it the next James Bond script ?

It's all part of Richard Nixon's plan to convert China to capitalism and eventually neoliberal democracy either through slow evolution by opening them up to the global market or through more covert means if they ever decide to have a second thought and return to their Maoist roots.

 

[Joij21]

Even a corrupt leader will want to know, whether they get their "fair" share our whether they are being cheated

Organize criminals usually don't care how you got the money as long as you got it and give it to them. Again some others might have some weird code of conduct, but such rules vary from organization to organization.

Criminals are however against transparency if only because what they do, is well technically illegal and it's best not to be so out in the open in order to avoid getting caught by the authorities. The authorities to BRICS are the Western nations who dominate and quite literally police the current trade order. Therefore because BRICS is going against an establishment or "reactionary" opponent it would make senses if they had any intelligence to operate like some kind of illicit cartel whereby their actions and decisions are intentionally made opaque to prevent the allied nations from finding out or policing against their next move.

 

[amadeus]

It's all part of Richard Nixon's plan to convert China to capitalism and eventually neoliberal democracy either through slow evolution by opening them up to the global market or through more covert means if they ever decide to have a second thought and return to their Maoist roots.

The Nixon plan wasn’t to try and get the country to liberalize: the objective was to undermine the Soviet Union and get the Chinese from backing off supporting North Vietnam.

 

[Moff Jerjerrod]

From Associated Press (6 new member nations have joined BRICS)

Iran and Saudi Arabia are among 6 nations set to join China and Russia in the BRICS economic bloc

Iran and Saudi Arabia are among six nations that have been invited to join the BRICS bloc of developing economies, along with the United Arab Emirates, Argentina, Egypt and Ethiopia.

apnews.com

40 nations are lined up wanting to join BRICS,

https://www.reuters.com/world/what-is-brics-who-are-its-members-2023-08-21/

If BRICS does agree to come up with their own currency to replace the dollar there will be a big problem for the west. Just because a currency owns 60% of the business today doesn't mean it will remain king forever. You get nations together who have had enough of the tyrannical sanctions the US led West has imposed on the world and they will get together to fight back. It's naive to think that the bad guys are simply going to cower under sanctions and not take action to strike back.

 

[Henri Christophe]

or just signal to the world that they are aligned with Russia and China in foreign affairs, with the implications that brings.

Being part of BRICS don't mean we are aligned with Russia foreign affairs, for example, our president Lula start the BRICS sumit speaking about how Ukranian war is a bad thing and should stop. The only difference from Brazil to US is Brazil isn't giving weapons to Ukrain, Brazil is totally neutral.
On other hand, Brazil still doing trades with Russia as a sign of friendship, what the US and the West had stopped.

It's all part of Richard Nixon's plan to convert China to capitalism and eventually neoliberal democracy either through slow evolution by opening them up to the global market or through more covert means if they ever decide to have a second thought and return to their Maoist roots.

China don't need a revolution, it's going well in it's own kind of socialism. The population are happy and the governement are stable, that is what is important.

Just because a currency owns 60% of the business today doesn't mean it will remain king forever.

I agree on that, not because something is as it is now, they don't will change soon.
I think our vision is kind of the derivate of a graph of x²; the projection of the derivate (what we see) is always bellow the real valor of x²


And having a global bank who isn't the FMI is very great, because the FMI impose to other countries certain kind of be, as for example, the State who take loans of FMI should have the minimun State. And even following all leason to receive the loan, some countries can't paid it as Argentina.

 

[Birdjaguar]

And what will the dollar be replaced with?

 

[Caesar of Bread]

And what will the dollar be replaced with?

The quatloo, of course.

China don't need a revolution, it's going well in it's own kind of socialism. The population are happy and the governement are stable, that is what is important.

Tell that to the Uyghurs. China has been persecuting the Uyghurs and practically doing what the Nazis did to the Jews.

 

[Joij21]

China don't need a revolution, it's going well in it's own kind of socialism.

Which isn't even socialism but state managed capitalism.

So they're like halfway there, you only need to topple the C.C.P. and remove the state managed part and put a neoliberal democracy regime that refuses to intervene in the market. An end to the single party technocracy.

 

[Moff Jerjerrod]

So by 2024-01-01 the new members will be officially onboard with BRICS. As a result of those 6 new members being added 80% of the world's oil production will be controlled by BRICS. If they demand payment in a currency other than the dollar, it's good night Irene to the dollar. And since BRICS intends to back it's currency with gold and the dollar is becoming increasingly worthless day by day as they print bills like no tomorrow it all is not going to end not well.

 

[Caesar of Bread]

So by 2024-01-01 the new members will be officially onboard with BRICS. As a result of those 6 new members being added 80% of the world's oil production will be controlled by BRICS. If they demand payment in a currency other than the dollar, it's good night Irene to the dollar. And since BRICS intends to back it's currency with gold and the dollar is becoming increasingly worthless day by day as they print bills like no tomorrow it all is not going to end not well.

No way are you saying this. America is at its apex. China, while catching up, will soon fall. They don’t have that good of an economic system (their state capitalism is not as good as America’s blend of socialism and capitalism)