While not widely covered in US media, the South African Foreign Minister, Naledi Pandor, recently included Mexico in a list of BRICS applications that she has received.
That comes after earlier reports that Mexico was interested in joining BRICS:
At the same time Mexico says that it opposes calls from the US Congress for the US military attack drug gangs in Mexico.
Senator Marco Rubio has expressed dismay at the recent agreement between Brazil and China that bypasses US financial systems.
Should the US oppose Mexico’s application to join BRICS?
What should the US response be if Mexico follows Brazil’s lead with a closer financial relationship with China?
Imagine you bundle together a bunch of bad untrustworthy mortgages and call them “good” (trustworthy) because, well . . . it’s a diverse bundle they can’t all go bad at once right? ---- that was 2007
Imagine you bundle together a bunch of crappy untrustworthy currencies and call them “good” (trustworthy) because, well . . . it’s a diverse bundle they can’t all go bad at once right? ---- that’s BRICS.
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Right now (temporarily I assume) the
Yuan overnight rate > Chinese CPI
US Fed Funds < US CPI
Right now you make money holding yuan but lose money holding dollars.
If that continues for 20 years, the dollar will be done in 30 years.
The rest is just little dogs barking.
Based on recent rhetoric from Washington, the US has no right to interfere with Mexico; Mexico is free to form military or economic alliances with whatever countries they want.
The relationship between Biden and China is complex.
I have wondered if China has a case of buyer’s remorse with the Biden family given some of the neocon rhetoric coming from the White House.
On the other hand, deranged neocon policies are playing into the hands of China. The dollar-based financial system is rapidly losing its dominance; the center of world finance is moving from New York to Shanghai. Strong ties between China and Russia give China better access to Russian energy.
The message from the Biden administration has been our way or the highway.
The message from China has been let’s make a deal.
China is the biggest winner from Biden’s policies; Mexico’s BRICS application is the latest example. China’s investment appears to be paying off.
So is the US, yet Mexico has facilitated the illegal invasion of millions into America.
Mexico could give a ■■■■about America’s sovereignty why should we?