Shanghai Cooperation Organisation (SCO) and Global South strategic cooperation

drowingfish

Junior Member
Registered Member
What happen between him and the premier Phạm Minh Chính ? Is Phạm Minh Chính anti China ?

I don't think Vietnam has any other option than close and have good relationship with China whoever in power
i dont think pham is anti china, he is generally seen as a rival to nguyen, and the southern leader in the north south rivalry. if anything i think pham would use china as a model of how vietnam should pursue economic growth.

vietnam isn't a vassal of china, but i imagine being a socialist country china's support will count for something for its intra-party competitions, especially considering that vietnam takes a lot of its lessons from china. Xi can in effect influence vietnam's policy discourse with his own policy narratives, so whoever he sides with can essentially quote him like "since we all wanted to learn from china, i will tell you that xi agrees with me when i said blah blah". Mao used this method in his struggle with Wang Ming, by controlling radio communication with the COMINTERN, and getting stalin's backing.
 

drowingfish

Junior Member
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Most likely a shot across the bow for the incoming Viet party chief to not veer off too far when this one is retired .
Binding them down with big business and high tech interests with decades to come would make them certainly anchored within China orbit, a Mexico of Chinese version so to speak. A win-win situation for both by the way. One might have an inkling of something big is coming along for China, or China is planning something big, as China never leaves Vietnam to chances when she shifts into different gear. Taiwan, says your prayers, just in case.
i dont think so, this one just started his third term less than two years ago, also breaking the two term limit mind you.

you also have to understand that being socialist parties, china can influence vietnam with more than just business ties. in fact i imagine inter-party dynamic is likely the main driving-force rather than some sort of business consideration.
 

ACuriousPLAFan

Brigadier
Registered Member
Let's see what happens with this one.

does attention get focused back on the Middle East next year?
As of today, it is said that Saudi Arabia, Turkey, Iran, Egypt, Argentina, Indonesia, Mexico, Nigeria and Algeria are interested in joining BRICS.

Meanwhile, Bangladesh, Egypt, United Arab Emirates and Uruguay are already members of the BRICS New Development Bank.

BRICS is also working on a basket reserve currency.


Unroll thread:
The BRICS nations announced plans to launch a new reserve currency for trade. The BRICS alliance indicated it would be a basket currency. What does that mean? How does a basket currency work? A speculative thread on the upcoming BRICS reserve currency.

For the past 80 years, global trade has been done primarily in US dollars. However, that arrangement has pros and cons for various nations. Consequently, many countries have expressed a strong desire to trade outside the dollar system.

The BRICS nations - Russia, China, India, Brazil and South Africa - formed an alliance and recently announced plans to use a new currency for trade settlement.

Since the Triffin Dilemma puts a burden on nations that issue the reserve currency AND export goods, it’s not beneficial for any BRICS member to have their currency function as the trade currency. An alternative option is a basket currency.

This is not a new concept, as it was proposed in 1944 as Bancor, and the IMF has the SDR as a reserve asset. But the BRICS proposal includes a new element that wasn’t part of the other basket currencies.

This new currency is expected to be a digital asset based currency, and functions like poker chips.

Each nation assembles their stash of assets, and based on the value of those assets are given a specific number of poker chips.

In the SDR model, the poker chips are based on a contribution of currency alone. The BRICS nations will allow nations to leverage value from currency AND assets like gold, silver, oil and commodities. The assets function like collateral in a loan.

They are not intended to be spent like money, or traded, but used to secure the value of the poker chips. This would give nations with a smaller GDP another way to secure more reserve assets for trade, and for storage of wealth. How would those assets be valued?

That’s not entirely clear, but it is speculated that all assets will be priced in gold. If a nation were determined to have 1 million grams of gold worth of assets in their reserves, a comparable amount of digital assets would be minted to reflect that value.

Could a nation outside the BRICS alliance still trade even though they don’t have the BRICS reserve asset? Yes, this is where Ripple's ODL platform fits in.

Nations could swap their asset (BRICS currency, dollars or another reserve asset used by banks) for XRP, which is swapped for the asset they need to complete the trade.

Because this arrangement for ODL potentially includes ANY asset that could be classified as value (gold, real estate, derivatives, sovereign currency), the total value of XRP has to support enough liquidity to enable massive nation -to-nation trades.

While it’s impossible to calculate exactly what that would be, it’s clear that a low value like $10 would not be sufficient.

The BRICS reserve currency concept will enable member nations to tokenize their assets and use that value as collateral for trade settlement.

There is no reason why other sovereigns could not adopt a similar model to increase their buying power, and move away from using debt to fund their nations’ trade in the global marketplace.

How long would it have to take for the BRICS reserve basket currency to be introduced? How long would it have to take for BRICS to get its well-deserved expansion? And until when should be waited until the dedollarization of the petrodollar can be fully initiated?
 

zgx09t

Junior Member
Registered Member
i dont think so, this one just started his third term less than two years ago, also breaking the two term limit mind you.

you also have to understand that being socialist parties, china can influence vietnam with more than just business ties. in fact i imagine inter-party dynamic is likely the main driving-force rather than some sort of business consideration.

That geriatric barely shuffled, let alone walked. It should be sooner someone in his clique sends him out to pasture, rather than playing sock puppet from behind.

Inter-party dynamic is just a fairy tale; it was, it is, it always will be. Nobody buys that funny joke anymore. National interest is always the paramount, which is closely tied to economic interests, and tech transfers in an integrated supply chain even more so in this day and age.
 

BlackWindMnt

Captain
Registered Member
As of today, it is said that Saudi Arabia, Turkey, Iran, Egypt, Argentina, Indonesia, Mexico, Nigeria and Algeria are interested in joining BRICS.

Meanwhile, Bangladesh, Egypt, United Arab Emirates and Uruguay are already members of the BRICS New Development Bank.

BRICS is also working on a basket reserve currency.


Unroll thread:


How long would it have to take for the BRICS reserve basket currency to be introduced? How long would it have to take for BRICS to get its well-deserved expansion? And until when should be waited until the dedollarization of the petrodollar can be fully initiated?
Interesting but i don't expect BRICS/SCO to use Ripple platform, they will most likely create their own blockchain.

I expect a modern implementation of a blockchain probably with the capabilities to do:
  • Cross chain transaction this is needed for countries that do their separate central bank digital currency not part of the BRICS/SCO blockchain. You could create realtime forex exchanges with this stuff. Like i'm going to Beijing for a week lets convert some of my euro's into Renminbi without a need for a third party doing it. It will make international travel more efficient between geopolitical spaces. This will most likely have a cap for non financial entities to prevent money fleeing a country/geopolitical space.
  • Side chains where a BRICS nation can do their internal private transactions on, these side chains could be a BRICS nation's Central bank digital currency following a specified interface or protocol.
  • Transactions will probably signed by some sort of consensus mechanic maybe something like you need two or three other BRICS nation to also sign your transactions to make it final. You need something to prevent a nation to get locked out of the main chain something the west has done with SWIFT to Russia and might do with China.
  • Mechanic to create and burn coins, because there will be times when there is too little or too much liquidity in the system so you want some mechanic to create or remove liquidity when 70~80% or full 100% consensus is reached during some kind of central bank meeting.
  • I expect the ledger entries (blockchain data) to be private. But if the data would be public on the main chain it could be really interesting for people that do big data and data science. It will make tracking import and export amount in BRICS coin easier and governments or central banks can no longer completely bullshit about the data. It will create a more transparent financial system within a geopolitical space.
 

tphuang

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LKQ's visit to Cambodia has been very well received so far
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A lot of these offers aren't all that much money, but are significant in ways they can improve people's lives or make positive impression.

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a little more here about BRI projects that are getting finished.

China making a good move of cutting tariff to 0 for 98% of products from 10 African countries. Another good move. It makes sense to continue to try balancing trade a little more.
 

tphuang

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So regional security is on the agenda. We know that the Saudis are increasingly looking to China for weaponry. There is a video online of Saudis walking into Zhuhai air show like they own the place and looking over a whole bunch of stuff. We know that VN-20 is a special UAE requested product.

Xi should be meeting with all 6 countries of GCC. Great opportunity for China to score some major military deals here and for further integrating itself into the technology and financial infrastructure of the Middle East. You don't want to let your western allies install Huawei gears? Fine, all your calls with your Middle East "allies" will be done on Huawei gear.

Anyhow, a very important visit for Xi. Don't mess it up. Outside of the recent overtures in ASEAN and Central Asian countries, winning over Arab countries should be the final leg of the Asia strategy.
 
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