How is BRICS doing now? Wait till the you know what hits the fan

is it FBRICS now?

Macron and his staff are walking back some of the language he used.

He’s got big trouble at home and just finished a trip to China.
He was looking for something to say to change the narrative at home.

Narrative at home
Throwing paint on doorways — bad.
Setting doorways on fire — good.

You are right Floyd. Lots of rare earth metals and ■■■■

Macron does not give a ■■■■ He is a frenchie

Not yet but 35 other countries have lined up for the club, maybe " f " will number 36

I like that term “deported.” The great liberal biden reset.

75% of all natural resources the US uses are imported.

If for some reason, we can’t buy them, we are screwed.

I think that’s China’s plan to get rid of America without firing a single shot.

2 Likes

Great point, Floyd

Hey naysayers, bri cs is getting stronger much stronger.

LOL
B - Brazil
R- Russia. Ruble floundering (inflation)
I - India
C- China Chinese economy deflating amid real estate bubble-burst.
S - South Africa can’t keep the lights on.

Forget the BRICS. It’s just puppies barking.

That is an opinion that will not hold up to time.

Possibly.

But the US does not rely on other countries using the dollar for transaction.

We rely on them holding dollars and dollar bonds (Think “reserve currency.”)

The world always has, and always will, given that status to whichever currency pays the most when you hold it.
(high interest rate,and & least risk of failure or inflation.)
Creating or not creating the BRICS is irrelevant.

If China or Russia etc. do that with their currency
their currency will become the (new) world reserve.
Creating or not creating the BRICS is irrelevant.

I wonder if the bond holders suddenly dumped all the bonds. :exploding_head:

The reset may be coming, my friend

BRICS may be more relevant than one would think.

My point is:
If China or Russia want to replace the dollar all they have to do is
the same thing as reserve currencies have always done.

Failure to do those things will fail to produce the result.
Actually doing those things is guaranteed to produce the result and ll these meetings and press releases and photo ops adds nothing.

Dude, if the world decides to stop taking US dollars for payment, do you realize how much that will upend your world?

That is the gameplan here: To shut down the US economy without firing a shot.

75% of the raw materials the US needs to power it’s economy is imported. If they succeed, we are done!

1 Like

Not very much.

The world holds and does not trade or spend a TON of us dollars and US bonds.

That is what the world relies on right now, not the teensy weensy tiny little percentage of that it uses for international trade.

It is not about “which currency do they use for trade?” that matters little
It’s about the much bigger question “are they gonna dump our bonds?”

Ok, and how are you going to acquire raw materials when no one accepts your currency as payment?

You are imagining a total fiction even under BRICs

When the US dollar is the exchange currency In addition to the reserve currency) Nigeria and Laos and the UK and German still trade.

How is that possible? Does absolutely totally “no one accepts your currency?”

Of course not.
When the British pound was the trade currency every country in the world was capable of trading. (Even Germany and France)
When the US was/is the trade currency, every country in the world was capable of trading (Even Germany and France)

Point or no point? that is my question