Source Many might not find this news worthy, however, this is fairly compelling and this is an alliance AGAINST the US dollar. The more nations that agree to trade in other currencies, the more the US dollar becomes unstable... Granted... I do think it's a MAJOR uphill battle to dethrone the US dollar.. however, the more than align with the Axis, the more this becomes a real possibility.
With good cause after decades of arrogant and hateful "leadership" by the US, many countries are now working to end that. With years of "quantitative easing" and poor fiscal and monetary policies by the Fed and Congress, it's just a matter of time before the house of cards implodes.
I honestly do not think people really understand the potential ramifications if BRICS is even remotely successful?!
Likely because we've never experienced something like that, though I'm sure history can offer similar examples. Many people try to avoid learning the lessons of history. They are too busy being mesmerized by their 'smart phone'.
Honestly, the big swing is if BRICS could swing in a player like China and/or the EU. We might be financially dependent on continuing to provide security assistance to keep the EU from joining that bloc, and/or favorable terms to the Chinese.
We never should have been propping up these failed nations in the first place. Doing so has only positioned them to be able to harm us.
That is why Russia and China have been stockpiling gold over the last 2 decades. Plans to roll out their “basket-based” global reserve currency. I also read that Turkey has applied to join BRICS, with nearly a trillion dollar GDP could send shock waves. I also think if they enter BRICS, they should be removed from NATO ASAP.
Pissant countries trying to flex muscles. They think they’re strong together. They actually want CHINA as their protector? Hehehe. Doesn’t the world understand the ONLY thing holding things together is us. No other country can protect them. China will ENSLAVE them just like they do their own people. It’s mind boggling the ignorance. Women certainly shouldn’t be very fond of THAT arrangement. Besides Russia and South Africa women are basically second class citizens in the rest.
Why was Turkey even admitted into the alliance to begin with? If the goal of the alliance is a defensive pact of democratically-aligned countries then despotic Turkey is the furthest thing from that. The only reason, was to threaten the position of Russia. But if Turkey leans towards the Eastern Axis, that threat would no longer apply. Turkey is basically in NATO as an advantage to them as a swing player, to the disadvantage of both the NATO alliance, and the Russians. Erdogan out here playing 5D Chess. And no, that doesn't mean I admire him Dems, it means we're being played.
Small gotcha aside, the point is, it becomes dangerous if a power broker like the EU were to join. Which means, I am inclined to revise my position and I will give Europeans the security guarantee, just to avoid the EU joining the Eastern Powers.
You're making Russia out to be an actual player here. I think the past two years have shown that not to be the case. They haven't existed as an economic power in years, and now their military has come into question. At this point there is no Russia and China. China and India have used Russia's weak position to negotiate oil purchases at a discount. The BRICS countries aren't going to agree to a common currency and let Beijing control their fiscal policy either. I'm sure they've seen the total **** show that they Euro and watched Greece and Spain begging Germany for money. The other thing is India and Saudi Arabia are closer to the US than to China.
Russia in itself isn't the issue. It's the culmination of multiple nations joining together. Both Saudi Arabia and India (as well as other larger economies) have clearly stated their intentions to decouple from the US dollar and trade in either the BRICS basket currency, or trade in their own currencies. The US dollar is insanely over stretched and seriously teetering. Eliminating the Petro dollar and having a large portion of the worlds GDP de-dollar could do to the dollar, to what the happened to the Weimar Republic Papiermark.
Just to point out to everyone who doesn't realize it, when other countries dump the dollar, that will end up causing inflation. It will also mean that when the U.S. prints dollars, it will cause more inflation than it did before. It's estimated that somewhere between 50 to 70% of American dollars are being held overseas.
It happened from 1945 to 1973 too. The U.K. was willing to peg their currency (the pound) to the U.S. dollar, even though that would make them bear inflationary cost from the U.S. printing dollars, because the U.S. was doing the military spending in the world. But eventually the inflationary burden became too high during the Vietnam war and the U.K. finally decided to pull out in the early 70s. (You can read about the "end of Betton Woods" for more information)
Once Trump is re elected, we will economically cripple this alliance against the dollar and peel most nations other than Russia, Iran, North Korea, and China away from it.
Unfortunately it might be too late at this point. The damage to the U.S. dollar has already been done. Even supposing an unrealistic optimistic scenario where inflation of the U.S. dollar slows to near standstill under another term of a Republican President being in office, there is still the huge problem of the mounting U.S. National Debt which just cannot be ignored any longer, the economic environment of rising interest rates, and everyone knows what would probably happen when the Democrats eventually come to power again.
Soon we will see that Europeans and the west cannot survive as a civilization much longer without looting brics resources.
