Quote from: Ayers on Today at 01:52:48 PM

Quote from: Ozero on Today at 11:37:56 AM

Quote from: karmamiu on April 12, 2023, 12:02:30 PM

Yes exactly. As long as there is a mutual agreement between everyone, it is not impossible to even create new currency to be used or change the financial system in which it won't be dependent on USD. In regards to changinf currencies, we are all aware that there have been mamy issues involved with USD even from before, and there are so many countries who are already waiting to be next reserved currency.

The currency alone is easy, but the agreement is the one that seems possible. We know that before it reaches some sort of agreement, there're various procedures to follow and it is also possible that there will be debates and arguments to follow.

Perhaps the desire of the BRICS countries to get rid of the dollar is indeed there. Russia, for example, has not only a desire, but also a necessity. Because it is actually cut off from the dollar and the euro by the imposed sanctions. There has long been a cold war for economic supremacy between China and the US. But Russia, China, like the rest of the BRICS countries, depend on technology and trade with the EU and the US. And without these technologies, they will not develop rapidly. Therefore, not everything is as simple as it seems at first glance. Each member of the BRICS will still have their own interests. So I don't think they will succeed.

I admit to you that in terms of technology, the US and EU are superior at the moment. But the world doesn't work that way, all need each other, and each has a strength, no one monopolizes everything. China and India are the two most populous countries in the world, they have an abundant labor force, and Russia has huge energy resources. Not to mention, we can see China's technology is constantly developing, it is only a matter of time before they surpass the US or EU.
It is extremely difficult to get rid of dependence on the hundred-year-old USD empire, but nothing is impossible, and no one stands on top of the glory forever.

I want to remind you that we live in the 21st century. Until the 20th century, territories, resources and population were indeed a factor in the power and strength of the state. These are the resources necessary to provide for themselves and export, and the ability to wage large-scale wars, and the ability to create huge problems for any attacker due to a large territory ... But it's all over .. Now the world has moved to a new level - from a resource economy to a technological economy, and resources .. have become just resources that technologically backward countries, with the help of technologies from highly developed countries, extract, process, and for the currency of developed countries - they will also be happy to package them beautifully for the customer

and if technologically the rest of the country is left without technology and markets, they begin to degrade very quickly. Well, this is how the competitive system of the world works, whether we like it or not....

I can give you a great example - the USSR. The country was huge, 250 million people, all the same resources, the strongest army in the world, nuclear weapons .... And where is it now? What happened to her? I myself, inside the USSR, lived and saw how it sank to the bottom ... And neither the territories, nor the resources, nor its technologies, which, although noticeably lagged behind the Western ones, did not save her, but at least they were!

And now let's take Russia and its energy resources as an example. In 2022, their "happiness" and "greatness" is over! Why ? Gone are the markets for resources. The technological backwardness of the economy and the stupidity of the country's leadership have led to the fact that Russia is now physically unable to store excess gas and oil (the storage system has not been built, and after the sanctions it is no longer possible to build). It is possible to conserve sources, but it is no longer possible to reactivate them - Western drilling technologies and related technologies are needed. And now she is forced to sell these resources for a penny to her, either to her "big brothers" or to her "owners" - China and India ...