"But here's why it could be a good thing"
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- Thread starter bd popeye
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You are believing in the latest Western propaganda which claims BRICS is meaningless. This is Western BS. You have regular meetings of the heads of states of those countries to agree on joint concerns. This is just how when the EU started. Even today the European Council is the real controlling power of the EU. There are actual concrete institutions and facilities already in BRICS as well. Such as the New Development Bank or the Contingent Reserve Arrangement. Respectively competitors to the World Bank and IMF.
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Uh huh, so all the meetings of various heads of state/government are all in on the act. Oh please! BRICS is real and I don't care how it was coined, the truth is the matter is that the members ran with it and it has snowballed into a real organization. The sudden denouncing and downplaying the potential effects of BRICS is the real propaganda manufactured by the CIA.
May be. People often forget it was west who coined the term. I personally always wondered why those who coined the term ,had South Africa or Brazil in mind as "emerging economies". I mean before of after coining of that term south africa ever barely anually clocked 5% GDP growth rate. Brazil probably had 2 or 3 good years?
Of course it's up to individuals how they interpret it.
Countries in BRICS are trying to jointly coordinate in order to escape the middle income trap. They perceive that the current "world order" does not allow them to easily attain that. That is why thus far most institutions the BRICS have created have been financial in nature. But then again the EU also started as a mostly financial/economic arrangement.
Unfortunately certain proposals like the Chinese one for the joint submarine cable connection, and the Russian one for the replacement for SWIFT did not go through (yet). What did happen is Huawei Marine built a lot of submarine cables, and separate countries made their own financial networks and card schemes. But I expect more economic mechanisms and trade schemes to be created since the West is basically trying to break the world economy into separate blocks. China alone represents like a third of trade volume for a lot of countries. No one in their right mind would want to cut trade like that. Cutting Russia out of the trade is also a non-starter since developing nations need cheap energy and food to continue growing.
Unfortunately certain proposals like the Chinese one for the joint submarine cable connection, and the Russian one for the replacement for SWIFT did not go through (yet). What did happen is Huawei Marine built a lot of submarine cables, and separate countries made their own financial networks and card schemes. But I expect more economic mechanisms and trade schemes to be created since the West is basically trying to break the world economy into separate blocks. China alone represents like a third of trade volume for a lot of countries. No one in their right mind would want to cut trade like that. Cutting Russia out of the trade is also a non-starter since developing nations need cheap energy and food to continue growing.
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Therefore Sino-Russo synergy is the key, they're both the Anchor of BRICS, like I say the rest are an outlier.
If the reverse is always true then I am afraid US has only 10 years left.
More likely the EU.
Right, he is German.