BRICS & New World Order Thread

[BoraTas]

Agreed that Argentina is basically a favor for Brazil, since they were supposedly against expansion.

https://twitter.com/i/web/status/1694778441936052589

Now take a look at the remaining 5 members. How can this not be seen as strategic? Did china get everything it wanted? Idk, but I would say pretty close.

This BRICS summit achieved more than I imagined it would. CRA became a real fund. The final goal is apparently to provide an alternative for the IMF. New Development Bank became more substantial too.

The addition of Middle Eastern members will be very useful if these institutions start working in capacity. Currently, Arab money circulates back to the Western economies in the form of luxury purchases and investments. BRICS can provide a framework for Arabs so that their money becomes useful for the development of the developing world. That would be a huge win for Arabs as successful investments in the developing world tend to bring more ROI. Also, their investments wouldn't be subject to the whims of Western governments, which is apparently a real problem as the practical confiscation of Russian assets has shown.

 

[horse]

If BRICS wants to position itself as anti-west then that strategy is doomed to fail. Saying you don't want Nigeria because of ECOWAS intervention in Mali is playing into the west's narrative that BRICS is just an anti democratic coalition. BRICS can't be foolish enough to try to isolate the largest economy in Africa because of Niger, a poor landlocked country that can't even offer anything.

BRICS is already non-Western collaboration.

The Americans are famous for saying, "You're either for us, or against us."

Being anti-West or pro-West is not the point for BRICS.

It is what can BRICS do for its members, and they get a better deal?

Furthermore, it is that theory of Eurasia. Who controls that land mass in the center, controls the world.

It is moving in that direction, at least in terms of membership.

 

[HereToSeePics]

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either India agrees to a BRICS+ currency of settlement or the rest of the BRICS and the global south will use the renminbi

I personally think the idea of a BRICS currency is just a smoke and mirrors distraction made for the US and the western financial system’s backers. The real work are all the bilateral currency swaps and central bank agreements between China, the other BRICS members and global south nations thats slowly chipping away the current global financial order


It’s all stuff like this that China’s working on that doesn’t even make the 3rd page of mainstream news that will eventually turn a trickle into a flood:

https://twitter.com/i/web/status/1694797075471343960

And by the time the mainstream US bureaucracy realizes what’s happening and tries to call for action, it would be too late to stop

 

[olalavn]

this is the result of them joining BRICS....

https://twitter.com/i/web/status/1694754966244917342

 

[KYli]

Inviting Argentina is never a good idea. Argentina is holding an election in October. The incumbent party looks to lose the election. Both top oppositions are very hostile towards China, Russia and Iran and have expressed that they probably won't join BRICS. Lula probably wants to help his buddy in Argentina that he insisted the invitation needs to be extended to Argentina for your support of expansion. However, in reality, no matter how much Argentinian new President disliked about China, the business community and other power players would force them not to upset China as China has enormous leverages over Argentina if Argentina wanted to remain solvent.

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[ansy1968]

This BRICS summit achieved more than I imagined it would. CRA became a real fund. The final goal is apparently to provide an alternative for the IMF. New Development Bank became more substantial too.

The addition of Middle Eastern members will be very useful if these institutions start working in capacity. Currently, Arab money circulates back to the Western economies in the form of luxury purchases and investments. BRICS can provide a framework for Arabs so that their money becomes useful for the development of the developing world. That would be a huge win for Arabs as successful investments in the developing world tend to bring more ROI. Also, their investments wouldn't be subject to the whims of Western governments, which is apparently a real problem as the practical confiscation of Russian assets has shown.

Sir your view regarding Turkiye, will they join or not?

 

[BoraTas]

Sir your view regarding Turkiye, will they join or not?

Turkish foreign policy is impossible to guess. Not in the coming few years though. Erdogan is trying to get the economy normal after printing money like crazy for 6 years to not lose his votes. It seems China wasn't interested in helping much (Chinese officials probably said WTF after seeing what Erdogan did) so we are being more West-friendly right now.

 

[tphuang]

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Well, this is the announcement, but obviously let's see how this works out. The obvious implications with all the oil and gas reserves is to trade these assets in main brics currencies. That's why you get the hydrocarbon countries into you organization. But it will take some time for this to work out.

 

[james smith esq]

Inviting Argentina is never a good idea. Argentina is holding an election in October. The incumbent party looks to lose the election. Both top oppositions are very hostile towards China, Russia and Iran and have expressed that they probably won't join BRICS. Lula probably wants to help his buddy in Argentina that he insisted the invitation needs to be extended to Argentina for your support of expansion. However, in reality, no matter how much Argentinian new President disliked about China, the business community and other power players would force them not to upset China as China has enormous leverages over Argentina if Argentina wanted to remain solvent.

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Neither the extending, nor receipt, of an invitation mandates an obligation to accept, only to respond; ultimately, it’s an overture of mutual considerations.

Should Argentina decline, based on, near-future, circumstances, that the present consideration was extended may facilitate future considerations.

 

[Minm]

Inviting Argentina is never a good idea. Argentina is holding an election in October. The incumbent party looks to lose the election. Both top oppositions are very hostile towards China, Russia and Iran and have expressed that they probably won't join BRICS. Lula probably wants to help his buddy in Argentina that he insisted the invitation needs to be extended to Argentina for your support of expansion. However, in reality, no matter how much Argentinian new President disliked about China, the business community and other power players would force them not to upset China as China has enormous leverages over Argentina if Argentina wanted to remain solvent.

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The invitation to join may influence the election. And if the next government really wants to isolate itself and not join, that's their loss. But not inviting them would mean refusing to give the current Argentine government another diplomatic loss