Quote from: WillyAp on June 16, 2024, 08:26:01 PM

Brics is taken as a instrument like the Euro. But its not.
It becomes clearer that it is a political instrument not supported by capital investors.
After Covid the US drew more than a third of investments towards the US. Especially private investment which is the engine that makes our world economy run that nicely. Even if you hate the US, the US is the engine of the world. There is no alternative.

One Alternative failed which was the dream of Simon Bolivar, a counterweight to the US:

Quote

His ultimate dream was to unite these lands into a single new nation called Gran Colombia.

https://www.historytools.org/stories/discovering-simon-bolivars-legacy-at-colombias-quinta-de-bolivar-museum

The Bloomberg Article on money-flow and how a 3rd ended up in the US, https://archive.is/zg0XG gives:

Quote from: Bloomberg

For all the angst over the dollar’s dominance, a run-up in US interest rates to the highest levels in decades proved a major draw for overseas investors. The US has also pulled in a fresh wave of foreign direct investment (FDI) thanks to billions of dollars worth of incentives under President Joe Biden’s initiatives to spur renewable energy and semiconductor production.

Money-flow is interesting, It shows where the capital feels safe. Remember the US is the world economic engine.

Countries get abused, but it is mostly the local politicians who sell out the collective national interest.

Money flows towards trust and stability. Decade after decade America has proven that they, regardless of the sometimes zany politics that goes on, have the ability to generate new sources of wealth. It has just the right balance of education, legal system, taxation, policing and infrastructure to support continued innovation. People are not subject to random persecution on a large scale and generally left to get on with their lives as any normal country should do. The rich can definitely probe and poke at loopholes in the laws, because they can afford vast teams of lawyers, but are generally susceptible to the same laws because the juries or judges are less corruptible than other jurisdictions. This is why the dollar continues to thrive.