I think permanent ban without any recourse is just too significant to be imposed by a single moderator. Just saying.
Miscellaneous News
- Thread starter bd popeye
- Start date
And that moderator is not on the forum these days...
I know its not new news, but I just wanted to comment that, see the difference between BRICS and NATO as both organizations add 2 new members to their ranks:
NATO is a military organization, predominantly lead by the US. Fitting the US obsession with all things military, its headline military alliance brings in 2 more countries.
BRICS is an economic forum, of which China is its largest member by far. Fitting the Chinese ideals of economic development, its economic development grows by 2 members.
Pop Quiz: What increases the quality of life, military spending or economic development?
I’m generally pretty hard to impress, but this is pretty significant news! Its almost a perfect storm of events:
1. Inflation enticing countries who aren’t sanctioning Russia to seek out cheaper Russian sources of energy. Everyone only cares about their own interests as a bottom line.
2. Sanctions on Russia limits what Russians can buy with the G7 currencies and the willingness of Western countries to sell products to Russia. This ultimately increases what Russia buys from China/India and international adoption of the yuan.
3. Article said the transaction happened on June 6th. So who knows how many more of these types of transactions have occurred in the 3 weeks that have passed.
4. Even though the article mentioned they used a Rupee-Dollar-Yuan-Ruble route, it’s a significant step towards cutting the USD out of the picture, even it’s solely to lower fees incurred with the extra currency transactions.
5. Demonstrates to the world that a major country can function and go on with life relatively normally after being cut off from the western financial system, technology and economic integration. It’s a textbook case of short term pain but long term gains as people find alternatives and adapt.
4,5. This route is still 100% dependent on the USD, but It’s a good way to lower your dollar holdings and increase trade privacy.
All BRICS countries need to lower their percentage of foreign exchange held in USD, ideally to under 20pct.
I don’t think so, in fact adding these two countries should reduce the chance of NATO going to war with China, they will serve in silence I think.
It also lessens NATOs dependence on USA, brining a European only security establishment a step closer.
manqiangrexue
Brigadier
Yeah, I used to be worried about India challenging China in the future but the past few years have proven to me that they are just too far away and getting farther every day. Growing up in the US, Indian kids are one of the very few groupd that can sometimes rival Chinese kids in school, but it seems that the very few intelligent people leave India and have no desire to do anything for it. They scoff at the idea of returning! Indians on the internet are notoriously proud of how much Indians contribute to the US and the West, deliberately ignoring the fact that they are not doing anything for India. Their military incompetence is unmatched around the world and they have a culture that rewards failure, covering it up as victory (complete with medals). They never acknowledge any problems (General died in a plane crash? No problem; he was old anyway. His whole family died too? Whatever; we all die someday.) but forever dream a nonsense dream that because of demographics, they can rival China. They always have huge ambitions but they are always empty because Indians never come down to earth and take or even consider the modest steps that need to be taken to even become a normal competent country much less a superpower. They basically don't want to work and grind for decades to slowly improve and climb the ladder; they are always looking for that warp tunnel that will let them go to sleep in a pile of trash and wake up in a megacity of the future leaving China and the US far behind. Their country is regliously split and deeply superstitious. These are all deep-seated issues that cannot be ignored if there ever were to be a discussion about India challenging China. It's like saying you have a quadriplegic who can only blink to answer yes or no, with leukemia and tumors in the brain, liver and kidneys, as well as a heart with arrhythmia and severe backflow... but he can probably challenge Lebron in basketball one day because they're pretty much the same height.
Yeah they are... by like 30 IQ points on average.
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@Andy1974 bro I may disagree, NATO want American dollars and for god sake these 2 countries by joining NATO, instead of security they become a target!