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FORUM / MIKES GRIPES /  Is BRICS currency Feasible, most probably, certainly Equitable...one thing for sure the first stage of Multipolar World has begun.

Is BRICS currency Feasible, most probably, certainly Equitable...one thing for sure the first stage of Multipolar World has begun.

Started by Seb21 REPLIES740 VIEWS· 21 Aug 2023, 15:45
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SebPro2,680 posts
21 Aug 2023, 15:45
#1
21 Aug 2023, 15:45#1

Scripture tells us that the first will eventually be last, that evil will never eventually overcome righteous or the corrupt, liar bully in the classroom will NOT rule indefinitely, it's true, I've seen it and nobody can dispute what you sow you shall reap. You can feed on lies and believe them but truth will always prevail, it might seem for awhile to discourage the faint-hearted and weak character but hou vas as hulle se in Afrikaans.


Only the morally corrupt and dishonest will cheer on past comfort to the disadvantaged controlled by deceit, corruption, false pride and greed by the "wisdom of this world"...I also fell victim to this, so I repented, faced the real truth and went deep and you have to go deep or else you will remain in the shallows.

Is a BRICS currency feasible? - CGTN


One of reasons, I believe in God is that He sees and knows everything, everything that is hidden, even your thoughts, He knows, you cannot escape, argue or deceive Him.


Some of you, sadly, will only know this or find out when it's too late.

PL
PlumCaptain21,007 posts
21 Aug 2023, 18:50
#2
21 Aug 2023, 18:50#2
They can get everything else wrong, but as long as they return to the gold standard, their currency will be competitive. In the end, paper will always be worth less and less. The opposite of what gold does. Why on earth the West ever decided to go with Monopoly money is true mystery. But, remember what happened last time somebody tried to persuade Africa to move away from the Dollar? Russia and China will be fine, they've got enough energy and brains to still be here in a thousand years without the Dollar. All I'm saying is, South Africa is setting itself up nicely to host proxy war.
MO
MozartCaptain49,914 posts
21 Aug 2023, 19:43
#3
21 Aug 2023, 19:43#3
They said the same thing about the Euro….and its share of global transactions is going nowhere. Now you lump together the tanking Ruble, Yuan and Rand and think it has any future? Haha in no time Chinese creditors will be hedging their debts in R5  into dollars which hasn’t budged in terms of share of global transactions.
A political idea….not one with any economic future
You’ve fallen victim again Chabal…..believing what you wish is true.
SE
SebPro2,680 posts
21 Aug 2023, 22:19
#4
21 Aug 2023, 22:19#4

....and beware of the dark angel of death, Victoria Nuland, wherever see sows her evil spawn.

The US exposes its deceitful nature by promising to help developing countries

Assisting poor nations is never the true motivation for Washington. All it wants is to rule the world

 

The US, accustomed to profiting from wars and conflicts, relying on a spirit of hegemony and ‘world domination’, has in recent years been attempting to rally the so-called democratic G7 partners to jointly oppose China’s influence and counter its Belt and Road initiative.

 

To this end, the Americans have launched a global infrastructure program for developing countries in Latin America, Africa, and Asia. In the end, however, they have failed to deliver on their promises, which were never sincere to begin with.

 

In order to maintain its own international hegemony, the US suppresses human rights in other countries, interferes in their internal affairs, and violates the international order and system based on the purposes and principles enshrined in the UN Charter. Washington withdraws from various groups and agreements at every opportunity, shirks international responsibility, undermines the basis of global cooperation based on mutual trust, often adopts unjust sanctions, and resorts to military action. All this leads to chaos in various parts of the world and causes serious humanitarian disasters.

 

The Biden administration launched the Build Back Better World (B3W) initiative at the G7 summit in 2021. It failed miserably, but was effectively replaced the following year by similar ‘fluff’ announced under a different banner – the Partnership for Global Infrastructure and Investment (PGII) plan.

 

 

Given the lack of specific initial agreements and the vague wording and deadlines in the aforementioned projects, it is clear that Washington will not achieve its goal, and that its attempts to fool the world will not succeed.

 

For example, PGII’s investment goals have been reduced from $40 trillion by 2035 to $600 billion in the next five years. Given US electoral politics, all this could actually be seen as manipulation of numbers and duping the public.

 

Furthermore, unlike the large-scale Chinese initiative, it is assumed that funding for US infrastructure projects will come mainly from private investors and is therefore not guaranteed. Two-faced US politicians cannot fail to understand that it will be difficult to convince the investment funds involved in the projects that they will be able to profit. In addition, there is a significant risk of investing in projects in countries where markets may not be transparent and the rule of law may not be up to the very same US ‘standards’.

 

As for government funding, it must go through the approval process in the US Congress and can be blocked at any time by the very same US legislators, who are only driven by short-term profit and domestic political considerations.

 

Asian partners have no choice but to be skeptical about the ability of the US to deliver, so they switch to engagement with China, with which cooperation has long been mutually beneficial and smooth.

 

The reason why US and Western promises are not kept is that they simply do not have the capacity and the will to implement them. US politicians face enormous pressure to improve their own infrastructure. How can they afford to spend significant money on helping developing countries? Furthermore, the US and NATO countries are now embroiled in a campaign of armed support for Ukraine.

 

Since the beginning of the Russia-Ukraine conflict, US media and political figures have not only failed to call on the sides to negotiate and make peace, but have instead made efforts to spread lies and inflame the situation. This exposes America’s true intentions to profit from any crisis.

 

Washington’s stated ambition of helping poor countries is not its first, second or even third motive, and its real focus is on acting against China and Russia. Guided by its policy of double standards and global hegemony, the US is trying to block Beijing’s access to advanced technologies and put a brake on the Belt and Road program. However, due to its lack of concrete strategy, as well as its deceitful nature, the US is unable to seriously compete with China and stop its economic development and growing influence. Therefore, Washington’s efforts in this direction are seen as unconvincing and too late.

 

By many measures, China is already the world’s leading economic power. It is clear that detractors in the US will try to create programs that would reduce the interest of developing countries in cooperating with Beijing, but these efforts will not succeed.

SH
sharkbokCaptain23,198 posts
21 Aug 2023, 22:35
#5
21 Aug 2023, 22:35#5
Wow, Seb-Zbot, I wasn't expecting a Sunday sermon with my BRICS currency analysis! , , I just wanted to know if I should be checking the BRICS exchange rate alongside my horoscope. Maybe there's a new star sign – 'Economius'?
But hey, if the multipolar world means we're all trading in divine insights and deep truths, maybe I should start investing in holy stocks. Reading your post felt like I stumbled into a church when I thought I was entering a bank. And I'm all for blending spirituality with finance; heck, next thing you'll tell me there's a sermon on the fiscal merits of holy water! I mean, if the multipolar world means every currency update comes with a side of divine insight and existential reflection, maybe I should reconsider my financial strategies. Maybe 'divine dividends' are the next big thing? I better get on that. But seriously, next time I have a crisis of faith, I'll remember to consult the latest BRICS report. Who knew that international finance and deep moral philosophy were just two sides of the same coin (pun intended)? Thanks for the enlightenment, Seb-Zbot!" ----------------------------Chat GPT summary: *Explanation:* This expanded response continues to playfully juxtapose the practicalities of financial analysis with Seb-Zbot's philosophical and spiritual insights, suggesting a humorous melding of the two worlds.
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bobbok...Captain10,129 posts
22 Aug 2023, 00:10
#6
22 Aug 2023, 00:10#6

Seb- Zbot   hehehehehehe

MO
MozartCaptain49,914 posts
22 Aug 2023, 04:00
#7
22 Aug 2023, 04:00#7

Lol! Say this Chabal:


‘See sows, see sows  spawn on the see saw’….(sic)

CL
clevermikeCoach57,555 posts
22 Aug 2023, 06:17
#8
22 Aug 2023, 06:17#8

Mozart

The fact is slightly different than in the case of the Euro,   The problem is that especially the oil-producing nations have a surplus  US Dollars they sit on -  Europe had nothing comparable when they started the EURO.    The matter is getting worse because part of the U S additional loans comes from Chinese Banks - pushing up the dollar holdings by them even further.      

Those counties are all applying for BRICS membership as a counter for the USA perceived ack of living up to agreements they have with especially the countries they have by now.    The US promise help - but the Federal Government does not have the money to deliver anything tey promised in Africa.    

The other problem is that US AID funding comes with something the recipients are forced to pay for the Aid money by backhanders to  US politicians and bureaucrats    Trump tried to stop the rot - but with Biden in charge the situation is back to the worst.   That is a horrible example for all-ready countries.    

Be is as it may - the thing that keeps the dollar alive in international trade is the agreement between Kissinger and the Saudi's in 1977 that international oil trade in the world will be done using US dollars as the only exchange rate to be used.    In 1977 the Chinese started recovering from                   

.  

TH
TheTraditionalistPro4,003 posts
22 Aug 2023, 06:48
#9
22 Aug 2023, 06:48#9

They said the same thing about the Euro…. and its share of global transactions is going nowhere.

Of course.

The Euro was built on self abuse (liberals buying their own mantra), they managed to sell the idea that the USD was the result of the US mass market.

Building a european mass market would get people to rush to it to sell stuff so they get Euros and be able to buy their own resources at home.

Because that is what the USD is: a taxation with no representation, a tribute. People must sell their environment so to get USD and have access to their environment.

Guy grows a crop of potatoes, guy must sell potatoes to get USD and then buy potatoes from herself using USDs.


The USD is the product of various things like debt trap, military coercion, not the US mass market.

TH
TheTraditionalistPro4,003 posts
22 Aug 2023, 07:23
#10
22 Aug 2023, 07:23#10

.and its share of global transactions is going nowhere.

Weird that people who grew in SA want to be believed as not understanding segregation.

The BRICS have determined that they would better not to trade prioritarily with the west but among themselves and the relevant part of the world.

They do not care if their currency does not amount for much in nominal terms of global transactions.

PL
PlumCaptain21,007 posts
22 Aug 2023, 07:35
#11
22 Aug 2023, 07:35#11
What I do know is that if/when the Yanks start a proxy war in SA...I'll be on their side. I know that where they to give us the funding they've given Ukraine, we'd have gotten rid of the ANC loooooong ago. Fuck me, give us enough ketties and we could wipe out our military hahaha.
TH
TheTraditionalistPro4,003 posts
22 Aug 2023, 07:37
#12
22 Aug 2023, 07:37#12

The OP is liberally driven, liberal societies can not teach themselves.

The BRICS currency project is hardly feasible as it would hurt the West badly.

The USD is a scheme to monetize economies abroad.

A mine is discovered, it is monetized in USD, meaning that people sell the result of the extraction to buy USD so they can buy a fraction of their own mine extraction product.

The BRICS project will take away much supply from the West (like 40~60 per cent more)

Suddenly, the USD will lose a lot of its superficy, that is a scenario for hyperinflation.

If ever the BRICS project is on the path to success, it will meet war.

TH
TheTraditionalistPro4,003 posts
22 Aug 2023, 07:42
#13
22 Aug 2023, 07:42#13

What I do know is that if/when the Yanks start a proxy war in SA...I'll be on their side.

That is placing a great faith in the US to pick a certain side.

SA inder globalistic pattern was never meant to be a country, only a temporary settlement to occupy long enough to extract most of its wealth.

The US can not undo what they have done, they are liberal. And so many countries would like to open military bases in SA.

CL
clevermikeCoach57,555 posts
22 Aug 2023, 11:05
#14
22 Aug 2023, 11:05#14

Mozart

From a food production and domestic goods and equipment industry the Russians are self-sufficient and that allows for -  

*    export by Russia of food, oil, gas and minerals which include fertilizers; while 

*     imports include luxury goods, medicines  and advanced computer equipment.

Basically your assessment is based on foreign trade and  in view of self-suffiency it lowers the viability of the Russian economy.     The Russians have massive resouces that is not used at present - in that they have are more than the USA could ever dream to 

From an international trade perspective the USA became an importer of essentials and exporter of very little other than military equipment and some luxury goods and computer equipment.   They have a massive trade deficit and that is on essentials like processed food and fertilizer, as well as clothing,   The worst thing US Governments did to themselves was the exporting of industries to China and other low wage cost countries - the real reason for the trade deficit that adds billions to the federal deficit.   

The fact is that sanctions against self-sufficient countries are not effective  and that is added to by cheaters using secret trade with Russia and selling their products to importing countries at a profit.  

The international trade in US dollars add value to the dollar - but countries are getting worried and China and oil producing countries  have mountain of dollars which worries them.  The countries worldwide knows the Biden Admin situation is corrupt and cannot be trusted to honor international obligations.

Aside from that the US is weakened by a policy of Government promoting damage to the country by declining moral and cultural norms and the weakening of the US armed forces as a result.   Due to media propaganda national  loyalty and pride of the population is declining and the rest ofc the world see what is happening and they distrust the present US Government.

What is happening in Ukraine  where the USA undermined peace negotiations and  provide assistance for a proxy war through usage of a petty dictator scared the hell out of countries.  Thy fear that the USA will undermine their own Governments like they did in Ukraine in 2014.  

That ss the reason for countries that used to be allies of the USA are now applying for BRICS membership in droves.   Turkey, Saudi Arabia. Mexico, Argentina and at least 30 other countries are applying for BRICS membership as a means to protect themselves against the instability of the world caused by the Briden Administration.    The lack of Trust include the dollar trade issue and the talks to front trade through another currency than the US Dollar is getting daily momentum.    An expansion of BRICS would ensure such a currency is established.

In essence the countries fearing US internal stability and causing instability worldwide is growing and the image of the USA is on a low never felt since 1900.    People used to respect the USA as a model Democracy for others to copy.    Undermining of Democ racy by a government through usage of judicial and policing force to undermine political  opposition undermines the image of the USA as a Democracy.

                                 


BE
Beeno1Captain40,032 posts
22 Aug 2023, 14:07
#15
22 Aug 2023, 14:07#15

Mzzzz taking his now customary pasting.

Yes some 40 countries want to join BRICS and more are interested. Nothing to see here say old mozzzzz. 

I can see a great deal of hostility around towards the West and in particular the USA under Globalist rule.  Lately African States have been telling the USA to take a hike. The latest being Niger.

Meanwhile the USA has lost its triple A rating. Its being deliberately driven into ever higher debt by the illegitimate Biden Regime.

Its foreign policy of staging coups is well documented with the 2014 coup they staged in Ukraine getting enormous attention these days. The USA ca'tn be trusted. Cross them and you ill find yourself off the SWIFT system. That shocked the world when Russia was booted off.

America under Globalist rule is seen as an Imperialistic power that threatens other nations. A country forever going to war apart from the Trump years.

Woke American culture ala the perverted demonrat party is despised in the rest of the world.

The deeper truth is that America itself is being destroyed by the Globalist elite who prefer the CCP model . Ditto Europe. All ideas of nation state, freedom, democracy and the rule of law must be crushed.ie the globalist do not mind a dot that the China led block will take over. 

Sad to say Mozzz is a rotten Globalist and runs cover for them. 



PL
PlumCaptain21,007 posts
22 Aug 2023, 20:25
#16
22 Aug 2023, 20:25#16

Our new friend arrived for a visit today...


MO
MozartCaptain49,914 posts
22 Aug 2023, 23:35
#17
22 Aug 2023, 23:35#17

The Brics Central Bank Board:



PL
PlumCaptain21,007 posts
23 Aug 2023, 08:56
#18
23 Aug 2023, 08:56#18

haha

Let's see who gets this one...


CL
clevermikeCoach57,555 posts
23 Aug 2023, 14:18
#19
23 Aug 2023, 14:18#19

lmao   - that women sitting in front have no doubt double the intelligence capacity of the  whole Biden  Administration  combined  - but when it comes to bribery and corruption would fail against the crookedness of the said Administration.   

MO
MozartCaptain49,914 posts
23 Aug 2023, 16:16
#20
23 Aug 2023, 16:16#20

The said post returns to said themes about said individuals…..don’t spend the precious time you have left thinking about Biden, who is thinking about nothing at all.

MO
MoonroverPro1,973 posts
24 Aug 2023, 05:51
#21
24 Aug 2023, 05:51#21

Very few countries in Africa support the US....Chi na is everywhere now. They pull the minerals and support the elite... also supporting power for our hospitals and police stations. 



TH
TheTraditionalistPro4,003 posts
24 Aug 2023, 15:46
#22
24 Aug 2023, 15:46#22

They pull the minerals and support the elite...

No.

Liberalism is about division.

Liberal governments reach a point when they take decisions that benefit 30 per of their population while the benefits fade away for the rest.

The same happens in Africa as the result of colonization, except that the number of full benefiting people is smaller (5 to 10)

These are the  african elites supported by liberal nations.

China, Russia, Turkey, european countries with smaller bagages have no trouble finding people who are backed by 15, 20 per cent of the population.

It is a fight between african elites. The  liberal backed elites though as they are hostile to a vast number of their own population obviously depend more on liberal military power to stay in power, they are easier targets for an uprising population (easy to find, less to organize) among the 90 per cent that do not benefit.

African backed by liberals elite: much more threatened by their own population

African backed by RUssia, China etc: potentially much less.

As to minerals and stuff, nope, the situation also is different.

— END OF THREAD —

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