Its leading us to nosedive into World War III over controlling Global Trade lmao
Is it actually the leading cause tho? Definitely not imo its more of a result. And even then the result (steps toward de-dollarization) woulda happened regardless based off of decisions the U.S decided on their own to make
The world has a clear rising power, and other emerging economies that has shifted the world from unipolar hegemony. Transitions like that were always going to be turbulent. Even the worlds biggest conflicts right now like Russia/Ukraine or Gaza have decades of tension packed in that also that lie outside of BRICS
BRICS at best is a "personification" of sorts of the idea that the world is changing and new countries are in better position to get what they want. It's not NATO, G7, EU, etc... its literally just a club of developing nations who now need to figure out how to safeguard their own trade networks. It gives an excuse for trading with Russia or Iran. It also doesn't stop you from partnering with the US (ex. India, Saudi, UAE). Like India benefits from increased US investment and moving manufacturing from China. Will it then turn around and try to intentionally kill USD or even try to help China? F*** no. Saudi ain't dropping US security guarantees for BRICS but they do have a fall back now if relations go south
Same all I know is that it’s a coalition between Russia, China, South Africa and a couple other countries that want to manipulate the world economy away from the USD to f*** the west bad
literal nothingburger. why would I be "concerned" anyway
If you live in America and all of America’s enemies are trying to tank our economy then idk maybe you should be a bit concerned
As a citizen of one of the member countries - y'all have nothing to be concerned about
The MJ face tells me otherwise
BRICS itself isn't a threat. It's existed as basically a talk-shop between emerging economies for 15+ years. The only thing that's changed is a global reaction to US sanctions on Russia that deterred trust in USD. If US can start freezing reserves and using them for war funds, they can do it to anyone. So now everyone is looking to slightly de-dollarize where they can including BRICS thinking about their own internal group currency that would protect against USD sanctions.
People have this fantastical idea that BRICS is a NATO-like alliance or the G7. There's no binding treaty here its just a club of countries (some of which don't like each other) that understand the importance of working on key issues as developing states.
There's not going to be some flip in economic systems over this, but it sped up developments that otherwise coulda taken another decade. USD is still the world's reserve currency and will stay that way unless the US f***s it up. BRICS ads pressure sure but not as some evil plan to hurt U.S, its cus they need to save their asses
Good post
Americana co-sign
The things im reading makes me think we’ll be f***ed soon soon
america is winning hard dont be fooled
Same all I know is that it’s a coalition between Russia, China, South Africa and a couple other countries that want to manipulate the world economy away from the USD to f*** the west bad
That sounds cool can’t complain
Dont care at all let them use whatever currency they want
The euro and the dollar have coexisted for decades after the dollar replaced the euro
Gdp is what matters and we run the world even during an obvious global recession
My friend is a devout redpill/passport bro follower and every so often try to tell me BRICS is gonna overthrow the USD and the US will become a third world country. Nigga was like, “I’m begging you to get your passport.”
i have multiple passports and think about leaving america sometimes but this idea that america will become a third world country is crazy at worst it would become like germany or the uk but even my friends living in BRICS countries that don’t like america like that say america can stay in power for as long it wants to which i believe
like saudi and uae joined the brics they’re trying to transition from oil to tourism is a tourist nation a threat to america?
i have multiple passports and think about leaving america sometimes but this idea that america will become a third world country is crazy at worst it would become like germany or the uk but even my friends living in BRICS countries that don’t like america like that say america can stay in power for as long it wants to which i believe
I’m a dual citizen and I’ve lived abroad a good amount of my adult life and will probably continue to do so but the US is by far the best place to make money in the world (low risk, many opportunities, high reward) and it will be so for the foreseeable future
I’m a dual citizen and I’ve lived abroad a good amount of my adult life and will probably continue to do so but the US is by far the best place to make money in the world (low risk, many opportunities, high reward) and it will be so for the foreseeable future
yeah easily like people complain the shrinking middle class in america and rightfully so but in most other countries you barely have an opportunity to earn money like you can here. i know a lot of people that made okay money here and went back to their home country it’s always something i have in mind
If you live in America and all of America’s enemies are trying to tank our economy then idk maybe you should be a bit concerned
the american economy is built on cheap plastic garbage made by bangledeshi slave labor, I couldn't care less even as the 3rd generation child of migrants
americans are gonna have to get used to not living like they used to, its killing all of us
lmao, this really how all the "multipolarity" goofballs post. grown men addicted to telegram channels.
BRICS doesn’t really mean anything
I’m from one of the countries and literally no one cares about it. I only see foreigners talking about this
BRICS itself isn't a threat. It's existed as basically a talk-shop between emerging economies for 15+ years. The only thing that's changed is a global reaction to US sanctions on Russia that deterred trust in USD. If US can start freezing reserves and using them for war funds, they can do it to anyone. So now everyone is looking to slightly de-dollarize where they can including BRICS thinking about their own internal group currency that would protect against USD sanctions.
People have this fantastical idea that BRICS is a NATO-like alliance or the G7. There's no binding treaty here its just a club of countries (some of which don't like each other) that understand the importance of working on key issues as developing states.
There's not going to be some flip in economic systems over this, but it sped up developments that otherwise coulda taken another decade. USD is still the world's reserve currency and will stay that way unless the US f***s it up. BRICS ads pressure sure but not as some evil plan to hurt U.S, its cus they need to save their asses
pretty much
people thinking it’s some kind of NATO-like organization