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- Thread starter bd popeye
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It's probably too early even for the BRICS countries themselves to decide on the exact thing. But no doubt that euro has set a bad example.
Basket of currencies are independent currencies that are the sole responsibilities of issuing countries. Euro is a single currency that is nobody's responsibility, I am being bit exaggerating but you can get the point. Euro is crippled at birth because countries share its reputation (exchange rate) but not sharing the same responsibility of domestic expenditure (budgeting and debt borrowing).
I think the de-dollar proposal as a basket of currencies are similar to the function of SDR (special drawing right). SDR is playing the role of dollar setting exchange rates of member currencies, but instead of trading with USD, members can (through SDR) trade with any member currency they choose or have. One can think of SDR as token gold/silver/diamond/USD.
SDR essentially enables any member currency to be used for trade instead of USD. The US certainly does not want that to happen, other countries have no intention to use SDR since they already have USD.
However, before RMB reach the dominant position of USD, de-dollar countries will need to trade with any currencies which will make BRICS "SDR" equivalent necessary and the most practical solution.
Time for China to dump US treasuries and encourage the global south and BRICS+ to ban the US dollar...
Enough is Enough...
And Chinese living in the US? Won't be long before we all get banned too. Go on the 55k luxury cruise vacay now!!! MAX out the cards MCAS style!
I wonder how "Feel more free" guy feels right now
Went from dancing more freely in the USA to getting your dancing video app banned, what a difference a few decades make
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When Europe and the Atlanticists refuse to learn from history
General Raputista still reigns supreme with a near millennium of being undefeated (Mongols being an exception)
For those unaware, this girl trashed her home country of China citing being able to 'breathe free' in america; she was basically a spoilt privileged brat who had her coming of age in america away from the responsibilities to her own family, basically a slightly less toxic version of Vicky Xu (if you can believe it)
General Raputista still reigns supreme with a near millennium of being undefeated (Mongols being an exception)
About as silly as this girl right now:
For those unaware, this girl trashed her home country of China citing being able to 'breathe free' in america; she was basically a spoilt privileged brat who had her coming of age in america away from the responsibilities to her own family, basically a slightly less toxic version of Vicky Xu (if you can believe it)
Equation
Lieutenant General
She is breathing too much of the fresh air of Asian hate throughout the US had clogged her judgement.
MOSCOW, Jan 18 (Reuters) - Russian Foreign Minister Sergei Lavrov drew a sharp rebuke from the White House on Wednesday for saying the United States had assembled a coalition of European countries to solve "the Russian question" in the same way that Adolf Hitler had sought a "final solution" to eradicate Europe's Jews.
"How dare he compare anything to the Holocaust, anything. Let alone a war that they started," White House national security spokesman John Kirby said.
Lavrov, who caused an international furore last year with remarks about Hitler, said Washington was using the same tactic as Napoleon and the Nazis in trying to subjugate Europe in order to destroy Russia.
Using Ukraine as a proxy, he said, "they are waging war against our country with the same task: the 'final solution' of the Russian question."
"Just as Hitler wanted a 'final solution' to the Jewish question, now, if you read Western politicians ... they clearly say Russia must suffer a strategic defeat."
>Didn't learn from history
>Asking Germany to send tanks to the plains of Ukraine to fight Russians during winter
Perhaps they need Gerasimov to divide up the forces for SMO more clearly into 3 for Surovikin/Salyukov/Lapin and rename them with names like "1st Belorussian Front", "Steppe Front" and "3rd Ukrainian Front" to make it more obvious?
>Asking Germany to send tanks to the plains of Ukraine to fight Russians during winter
Perhaps they need Gerasimov to divide up the forces for SMO more clearly into 3 for Surovikin/Salyukov/Lapin and rename them with names like "1st Belorussian Front", "Steppe Front" and "3rd Ukrainian Front" to make it more obvious?