Quote from: Gyfts on Today at 10:40:56 AM

BRICS is only an alliance because Europe and North America couldn't form bridge a partnership with India and Latin America. Even Mexico is more closely aligned to China than it is the U.S. And of course, China is poisoning the world with fentanyl; entire laboratories with pharmaceutical chemists whose only purpose is to manufacture poison and distribute it to the world. Do we want these people in charge of global order?

I'm not against countries distancing themselves from NA/EU -- but consider what the consequences are if China becomes a closer ally to major countries. Xi Jinping is a commie dictator.

Quote from: pooya87 on Today at 04:30:07 AM

Only someone who lives in United States and a US colony and is feeling the pressure of dumping the dollar such as inflation+recession at the same time, would think dumping dollar (ie. what BRICS does) is the "wrong direction" for those countries to go Cheesy

Dumping the dollar was the right move when the gold standard was done away with. Unfortunately the mistake these countries are making with their cooperation with China is adoption of RMB. It's like dropping one cancer in trade of another.

The US government has no one to blame but itself for making the dollar a toxic asset for half the world. The misuse of economic sanctions by the United States has made dollar settlements too risky in many trades. A natural reaction to the unacceptable risk of freezing funds is to switch to settlements in local currencies. And since China is the "factory of the world", the share of the yuan in international settlements began to grow rapidly. I think none of the BRICS countries are happy with the prospect of getting rid of one addiction and falling into another, so some solution will be found, but in any case, the trend towards abandoning the dollar in international settlements is obvious and will increase.