Quote:The growing prominence of the BRICS countries is only set to continue expanding, as 19 nations have submitted membership requests ahead of their annual summit. Moreover, the event is set to take place in South Africa this summer, as a host of nations are seeking entry.

Earlier this year, the BRICS collective made it known that they were open to new members. Additionally, as the bloc of countries has surpassed the G7 nations in GDP (PPP), it seems expansion could continue to implement a shift in the global power balance. Specifically, amidst their continued efforts to replace the US dollar in international trade.

BRICS Sees Plethora of Requests to Join
Ahead of their annual summit taking place in South Africa, the BRICS nations have seen 19 nations submit membership requests. Moreover, the countries are seeking to join the growing collective already comprised of Brazil, Russia, India, China, and South Africa.

Bloomberg reported the emerging application list, following previous statements on their willingness to expand. Additionally, Anil Sooklal, the South African ambassador to the group, discussed the summit. Specifically, what topics are set to be on the agenda for discussion at the June event.

“What will be discussed is the expansion of BRICS and the modalities of how this will happen,” he said, according to Bloomberg. Additionally, stating that “thirteen countries have formally asked to join and another six have asked informally. Conclusively, Sooklal said new applications are submitted “every day.”

Last year, China initiated a discussion regarding potential expansion. Conversely, there was concern among the BRICS nations about their “influence being diluted,” the report states. Specifically, there is concern over Beijing’s close allies being included. Mostly due to China’s gross domestic product already being twice the size of the four other BRICS countries combined.

Alternatively, the five member states will have foreign ministers in attendance at the summit. Moreover, it appears as though the discussion of expansion will be a primary point. Ultimately, it feels as though the demand for entry could make BRICS growth inevitable. Interestingly, what that means regarding its war against the US dollar will be interesting.

Link

I’m sure that’s only Russian propaganda. That is just what Putin WANTS us to think lol. I’m sure BRICS is actually losing members. They may be down to being RIC already Never mind that it’s not only larger than the G7 already, it’s also growing much faster.

(04-25-2023 02:46 PM)Todor Wrote:  I’m sure that’s only Russian propaganda. That is just what Putin WANTS us to think lol. I’m sure BRICS is actually losing members. They may be down to being RIC already Never mind that it’s not only larger than the G7 already, it’s also growing much faster.

Its soooo worth destroying the dollar for nuland an zelinsky. Muh Putin bad. Slavi Ukraine

reeeeeeeee

So, OPEC and Iran want to join BRICS.

Yawn.

(04-25-2023 03:00 PM)shere khan Wrote:  

(04-25-2023 02:46 PM)Todor Wrote:  I’m sure that’s only Russian propaganda. That is just what Putin WANTS us to think lol. I’m sure BRICS is actually losing members. They may be down to being RIC already Never mind that it’s not only larger than the G7 already, it’s also growing much faster.

Its soooo worth destroying the dollar for nuland an zelinsky. Muh Putin bad. Slavi Ukraine

reeeeeeeee

That will have nothing to do with destroying the dollar. Domestic drunken sailor spending far out paces Ukraine by exponential dollars. Plus we are not self sufficient in energy or our manufacturing supply lines and Biden plans to destroy that even more. Have disgust where disgust is warranted.

(04-25-2023 07:02 PM)Was SoMs Eagle Wrote:  

(04-25-2023 03:00 PM)shere khan Wrote:  

(04-25-2023 02:46 PM)Todor Wrote:  I’m sure that’s only Russian propaganda. That is just what Putin WANTS us to think lol. I’m sure BRICS is actually losing members. They may be down to being RIC already Never mind that it’s not only larger than the G7 already, it’s also growing much faster.

Its soooo worth destroying the dollar for nuland an zelinsky. Muh Putin bad. Slavi Ukraine

reeeeeeeee

That will have nothing to do with destroying the dollar. Domestic drunken sailor spending far out paces Ukraine by exponential dollars. Plus we are not self sufficient in energy or our manufacturing supply lines and Biden plans to destroy that even more. Have disgust where disgust is warranted.

That’s a fair point. And, the amount of missing trillions dollars worth of US military equipment far outweighs the capacity of any Ukrainian washing machine. Add in the fake contracts, criminal scams, run of the mill waste, fraud, abuse, corruption, political back scratching and cronyism and the Ukraine drip doesn’t even make a ripple.

And while probably spending half of every dollar the country makes plus trillions more in debt, that’s already accounted for in some twisted way. Losing the ability to skim from every transaction everywhere all the time because the world now has more options than loaning us free money which we then just print and can’t back up, that is gonna sting. And swell. And certainly become infected.

Several BRICS sites mention that Algeria, Argentina, Egypt, Iran, Mexico, Saudi Arabia, Turkey, and number of African countries. I believe China has expanded into Africa in a big way to further its rare earth mineral pursuit.

Quite interesting to see Mexico seeking membership.

We are watching as the west fades away into irrelevancy. There will be war eventually.

Take a moment to ponder.

In 1992 Ross Perot said something that I had been thinking for some time, "In the post-Cold-War era, economic power will be more important than military power." So we've spent 20 of the 30 years since then trying militarily to impose western ways on a part of the world that does not want western ways. Meanwhile China has used economic influence to outflank us completely in the global South.

Compare the standing of the USA in the global community in 2000 with what it is today. That's a long downhill slide.

Things we've done wrong IMO:

- Letting Afghanistan and Iraq drag on for two decades instead of being done and dusted in two years. Go in to win, not to tie, without, "you can shoot back after they kill you," ROEs. Kill everybody that needs killing (and it's okay if you err on the high side), break everything that needs breaking (and again okay to err on the high side), GTFO after telling the folks you leave in charge that if they screw up you'll be back to kill them, and stay TFO as long as they behave. It is not our job to fix what we perceive as their problems, so don't try.
- Failing to address the federal deficit and debt that have now grown to levels that pose potential threats to our economy and to the dollar's status as world reserve currency (the one tool we have in our toolbox to ensure world leadership).
- The whole pronoun thing.
- Letting our military be run by officers promoted based on wokeness rather than professional competence.

We need to get on the stick or it will soon be stick a fork in us time.

Brazil President Lula Supports Creation of 'Trading Currency' for BRICS Countries

Quote:On Wednesday, April 26, Brazil’s President Luiz Inácio Lula da Silva said that he supports the creation of a currency for trading between BRICS countries. Alongside Brazil, the bloc includes other four other countries—Russia, India, China, and South Africa.


It’s a known fact that BRICS nations are looking to create a new currency. Recently, Russian politician and Deputy Chairman of the State Duma, Alexander Babakov, revealed that the BRICS countries are working on the development of a new form of currency. The nations involved are expected to pitch ideas related to the same during the upcoming BRICS summit in South Africa.

In fact, just a fortnight back Lula urged the BRICS nations to come up with an alternative to replace the dollar in foreign trade. Questioning the dollar’s dominance, he asked,

“Why can’t an institution like the BRICS bank have a currency to finance trade relations between Brazil and China, between Brazil and all the other BRICS countries? Who decided that the dollar was the (trade) currency after the end of gold parity?”

Leaving aside BRICS several other countries have been steering away from the U.S. dollar. As Watcher Guru reported today, the yuan surpasses the U.S. dollar in Chinese cross-border transactions.

It’s worth noting that the receipts of China’s local currency surged to a record high of 48% at the end of March from almost zero in 2010. In the same timeframe, the dollar’s share decreased from 83% to 47%. Several from the space including former U.S. President Donald Trump believe that China’s yuan will likely displace the U.S. dollar as the number one currency in the world.

Additionally, Brazil’s Finance Minister Fernando Haddad recently revealed that local currencies are already used by countries in bilateral trade. This is being done by using instruments like credit receipts. By doing so, countries intend to expand mechanisms that allow trade operations to be settled without a third currency. Haddad said,

“The advantage is to avoid the straitjacket imposed by necessarily having trade operations settled in a currency of a country not involved in the transaction.”

Lula also said that his government will not privatize any public company. Speaking during a trip to Spain, he once again urged for an expansion of the U.N. Security Council’s permanent members.

It’s worth noting that the receipts of China’s local currency surged to a record high of 48% at the end of March from almost zero in 2010. In the same timeframe, the dollar’s share decreased from 83% to 47%. Several from the space including former U.S. President Donald Trump believe that China’s yuan will likely displace the U.S. dollar as the number one currency in the world.

ANOTHER FISCAL POLICY DISASTER THAT FALLS ON BIDEN* AND HIS CRACK TEAM OF CLUELESS JACKA$$ES.

LET'S GO BRANDON!!

TOLERATE IT, AMERICA.

(04-25-2023 07:02 PM)Was SoMs Eagle Wrote:  

(04-25-2023 03:00 PM)shere khan Wrote:  

(04-25-2023 02:46 PM)Todor Wrote:  I’m sure that’s only Russian propaganda. That is just what Putin WANTS us to think lol. I’m sure BRICS is actually losing members. They may be down to being RIC already Never mind that it’s not only larger than the G7 already, it’s also growing much faster.

Its soooo worth destroying the dollar for nuland an zelinsky. Muh Putin bad. Slavi Ukraine

reeeeeeeee

That will have nothing to do with destroying the dollar. Domestic drunken sailor spending far out paces Ukraine by exponential dollars. Plus we are not self sufficient in energy or our manufacturing supply lines and Biden plans to destroy that even more. Have disgust where disgust is warranted.

Woke is the real reason the manufacturing base and supplies lines are down. We took the greatest nation for productivity and began instructing its eimployees, who were once educated, productive, and adaptable, and began through computer based education at the work place, during production hours, to reeducate them with stupid people leading the training on these BS CBEs., as to why they were destructive, and how pursuing excellence was racist.

And we wonder what the problem is?

And while our corporations (the main impetus behind this crap) are doing this they are utilizing the slave labor of the Uyghurs in China, child labor in Indonesia, and low wage labor in other third world nations, to create inferior product, and to make more money.

The only thing which needs reeducation in the United States are the damned CEO's who push this BS upon us to cover their abuse of labor overseas, and the damned public education system which sells all manner of corruption to our children in the form of miseducation, perversion, and piss poor skills in reading, language usage, and mathematics. These are the real enemies of our society and something we could and should do something about.

(04-26-2023 12:48 PM)JRsec Wrote:  

(04-25-2023 07:02 PM)Was SoMs Eagle Wrote:  

(04-25-2023 03:00 PM)shere khan Wrote:  

(04-25-2023 02:46 PM)Todor Wrote:  I’m sure that’s only Russian propaganda. That is just what Putin WANTS us to think lol. I’m sure BRICS is actually losing members. They may be down to being RIC already Never mind that it’s not only larger than the G7 already, it’s also growing much faster.

Its soooo worth destroying the dollar for nuland an zelinsky. Muh Putin bad. Slavi Ukraine

reeeeeeeee

That will have nothing to do with destroying the dollar. Domestic drunken sailor spending far out paces Ukraine by exponential dollars. Plus we are not self sufficient in energy or our manufacturing supply lines and Biden plans to destroy that even more. Have disgust where disgust is warranted.

Woke is the real reason the manufacturing base and supplies lines are down. We took the greatest nation for productivity and began instructing its eimployees, who were once educated, productive, and adaptable, and began through computer based education at the work place, during production hours, to reeducate them with stupid people leading the training on these BS CBEs., as to why they were destructive, and how pursuing excellence was racist.

And we wonder what the problem is?

And while our corporations (the main impetus behind this crap) are doing this they are utilizing the slave labor of the Uyghurs in China, child labor in Indonesia, and low wage labor in other third world nations, to create inferior product, and to make more money.

The only thing which needs reeducation in the United States are the damned CEO's who push this BS upon us to cover their abuse of labor overseas, and the damned public education system which sells all manner of corruption to our children in the form of miseducation, perversion, and piss poor skills in reading, language usage, and mathematics. These are the real enemies of our society and something we could and should do something about.

You are right, but we give most of the CEO’s their power by choosing their products. Perhaps the choices are more limited, but they weren’t always. If they are limited now, it’s because of how millions of us all chose to spend. We have all have access to the information we need to make good choices about what products we buy. But too few people care. And I include myself many times because there are only so many hours in a day, and a person only has so much energy. None of its stacked in our favor. Not sure how to change that.

And public schools are where most people keep choosing send their kids, for the government to educate. And despite all we know, people keep sending them there, either expecting different results or hoping they can somehow keep the particular school their kids attend a little different than the ones we see on TV. But they can’t. But they keep sending them there.

In parts of the world with severe poverty, there are parents who literally go hungry to save tiny bits of money, like a few bucks a month, to be able to send their kids to ANY school possible. They don’t have a real choice, so I understand. People in dictatorships send their kids to government schools because private schools or homeschooling are illegal. They can’t help it, so, again, they are simply working with what they have available.

We have choices, in some ways, but again, for many people it’s too much to afford private schools and too tough to home school. It’s easier just to let the government do it. Again, we do have choice, but it’s such an uphill battle for many, that hoping to guide our local school is all that’s realistic. But the forces driving these agendas of corporations and public schools are so rich, and so organized, and persistent, it’s just about too much to for any of us to take on.

Not sure what my point was, other than there are big forces at play, and there’s only so much we can do in all reality, even thought we do technically have choices.

More of us need to step out of the system and quit playing into their hands. We are all entrenched in the system in some way, but the more we free ourselves of it, the better off we’ll be I think.

(04-25-2023 02:46 PM)Todor Wrote:  I’m sure that’s only Russian propaganda. That is just what Putin WANTS us to think lol. I’m sure BRICS is actually losing members. They may be down to being RIC already Never mind that it’s not only larger than the G7 already, it’s also growing much faster.

I feel like we've been BRick Rolled

(04-25-2023 07:02 PM)Was SoMs Eagle Wrote:  

(04-25-2023 03:00 PM)shere khan Wrote:  

(04-25-2023 02:46 PM)Todor Wrote:  I’m sure that’s only Russian propaganda. That is just what Putin WANTS us to think lol. I’m sure BRICS is actually losing members. They may be down to being RIC already Never mind that it’s not only larger than the G7 already, it’s also growing much faster.

Its soooo worth destroying the dollar for nuland an zelinsky. Muh Putin bad. Slavi Ukraine

reeeeeeeee

That will have nothing to do with destroying the dollar. Domestic drunken sailor spending far out paces Ukraine by exponential dollars. Plus we are not self sufficient in energy or our manufacturing supply lines and Biden plans to destroy that even more. Have disgust where disgust is warranted.

The Department of Energy was created in 1977 b/c we wanted to be less-dependent upon foreign energy, specifically foreign oil. Unfortunately, when/if we transition away from oil, we'll still need lithium from South America or China, or other new/exotic minerals from Africa, Australia, Asia, Antarctica...who knows? Looking at all that the DOE hasn't accomplished in 46 years, I question why it was even created in the first place. As for becoming self-sufficient in our manufacturing pipelines... I mean, we could, if we wanted to start a new great depression and roll our economy back 80 years. We could certainly be less-dependent upon others, however. I'm not sure what Biden's plans are regarding manufacturing supply lines, but he's no friend to our energy sector, that's for sure.

(04-26-2023 02:01 PM)Todor Wrote:  

(04-26-2023 12:48 PM)JRsec Wrote:  

(04-25-2023 07:02 PM)Was SoMs Eagle Wrote:  

(04-25-2023 03:00 PM)shere khan Wrote:  

(04-25-2023 02:46 PM)Todor Wrote:  I’m sure that’s only Russian propaganda. That is just what Putin WANTS us to think lol. I’m sure BRICS is actually losing members. They may be down to being RIC already Never mind that it’s not only larger than the G7 already, it’s also growing much faster.

Its soooo worth destroying the dollar for nuland an zelinsky. Muh Putin bad. Slavi Ukraine

reeeeeeeee

That will have nothing to do with destroying the dollar. Domestic drunken sailor spending far out paces Ukraine by exponential dollars. Plus we are not self sufficient in energy or our manufacturing supply lines and Biden plans to destroy that even more. Have disgust where disgust is warranted.

Woke is the real reason the manufacturing base and supplies lines are down. We took the greatest nation for productivity and began instructing its eimployees, who were once educated, productive, and adaptable, and began through computer based education at the work place, during production hours, to reeducate them with stupid people leading the training on these BS CBEs., as to why they were destructive, and how pursuing excellence was racist.

And we wonder what the problem is?

And while our corporations (the main impetus behind this crap) are doing this they are utilizing the slave labor of the Uyghurs in China, child labor in Indonesia, and low wage labor in other third world nations, to create inferior product, and to make more money.

The only thing which needs reeducation in the United States are the damned CEO's who push this BS upon us to cover their abuse of labor overseas, and the damned public education system which sells all manner of corruption to our children in the form of miseducation, perversion, and piss poor skills in reading, language usage, and mathematics. These are the real enemies of our society and something we could and should do something about.

You are right, but we give most of the CEO’s their power by choosing their products. Perhaps the choices are more limited, but they weren’t always. If they are limited now, it’s because of how millions of us all chose to spend. We have all have access to the information we need to make good choices about what products we buy. But too few people care. And I include myself many times because there are only so many hours in a day, and a person only has so much energy. None of its stacked in our favor. Not sure how to change that.

And public schools are where most people keep choosing send their kids, for the government to educate. And despite all we know, people keep sending them there, either expecting different results or hoping they can somehow keep the particular school their kids attend a little different than the ones we see on TV. But they can’t. But they keep sending them there.

In parts of the world with severe poverty, there are parents who literally go hungry to save tiny bits of money, like a few bucks a month, to be able to send their kids to ANY school possible. They don’t have a real choice, so I understand. People in dictatorships send their kids to government schools because private schools or homeschooling are illegal. They can’t help it, so, again, they are simply working with what they have available.

We have choices, in some ways, but again, for many people it’s too much to afford private schools and too tough to home school. It’s easier just to let the government do it. Again, we do have choice, but it’s such an uphill battle for many, that hoping to guide our local school is all that’s realistic. But the forces driving these agendas of corporations and public schools are so rich, and so organized, and persistent, it’s just about too much to for any of us to take on.

Not sure what my point was, other than there are big forces at play, and there’s only so much we can do in all reality, even thought we do technically have choices.

More of us need to step out of the system and quit playing into their hands. We are all entrenched in the system in some way, but the more we free ourselves of it, the better off we’ll be I think.

We have walked the walk as best we can. We (our family) owes nothing that we don't pay off by the end of each month.

I garden to grow a portion of our food. My wife sews much, but not all of our clothing. When younger I hunted and I still fish, both fresh and saltwater.

We do not support corporations which piss us off! ESPN is the grudging exception so we can watch our school's teams play.

I tutored our oldest daughter through high school to help her overcome that school's deficits. She only attended a public high school because the private option didn't have adequate science labs.

My youngest daughter went to parochial (Catholic) schools were she not only received a superior education through the 8th grade, but learned perhaps her greatest quality, self reliance for educational purposes. Without prompting if she isn't satisfied with what she is told she hits the library and digs until she has answers and continued to do this past her educational years.

We have 6 grandchildren, one by remarriage. The oldest which is now married, operates an old style farm. Livestock, chickens, acreage in vegetables, harvests maple syrup, hunts, and does all of this after becoming part of the civil air patrol. His wife is a treasure and partner in all of it.

The second serves in the Army, but thinks for himself and will be fine.

The rest are still wrestling with the crap of education from public schools in Jr High for the youngest to Universities and their agendas. At least my two girls and both husbands fight the propaganda when dealing with them.

What you say is true, it's hard to fight and avoid it, but where we can boycott these bastards we do. Where we can't we limit our investment. And what is taught to our children and grandchildren we use as a challenge to show them facts to the contrary. The issue for this generation is that factual information to the contrary is disappearing from libraries. A new Reich is obviously dawning.