Quote from: DanWalker on Today at 03:58:01 AM

Quote from: laijsica on Today at 03:09:36 AM

China and Russia are trying to involve other countries in the world, either in terms of alternative thinking to the dollar/formation of economic alliances or in any way to implement the underlying strategy, but this is not an easy matter, it involves a huge equation of interests and world politics. Small and weak countries will not be able to free themselves from US influence so easily because they are already influencing and financially supporting every level of the state. China controls approximately about 19% of the global economy's GDP and the US controls about 24%-26%. BRICS can try to pull those weak countries out of US influence, especially if China and Russia play a more leading role but this will lead to a complex equation.

Therefore, the process through which the balance of power is being tried is likely to be successful in stages because the relationship between the United States and NATO countries has deteriorated and distance has been created due to the war with Ukraine and Russia.

I used to think it was a huge challenge and an impossible task, but with what Trump is doing and what America is facing. I believe that de-dollarization is happening faster than ever.

The evidence is that more and more countries want to become members and partners of bloc as well as the decline of USD in global foreign exchange reserves, international trade transactions or the value of USD compared to the world currency basket...That shows that the de-dollarization process is happening very quickly.

But the problem is that changing the balance of world power, the world economy will take decades, it cannot happen in 1 or 2 years. Many people do not understand this issue and think that BRICS is quite slow or has difficulty in building a multipolar world.

We have to wait more to bring about the balance of world power, I think it is actually possible before the third world war. China is gaining strength but they do not want to use/exhaust their strength. China is against Taiwan's autonomy but America is providing Taiwan with logistical support and weapons. Most of the countries in Africa are still under US domination. The oil-rich countries in the Middle East do not take any action outside of US decisions and they unilaterally accept US domination.

After the trade war between the US and China started in 2018, China adopted a strategy to become self-reliant and try to reduce its dependence on the dollar and they are very confident of succeeding in this effort. Their intention to form BRICS with other countries including Russia and India be part of their far-reaching efforts.

You are right that more and more countries in the world are ready to become members of this bloc, but how successfully they will be able to extricate themselves from US polarization is a matter of some doubt. However, it is certain that more and more countries are preparing to develop alternative currency systems to the dollar and they may succeed in the future.