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Absolutely astonishing that Iran and Saudi Arabia would be admitted side-by-side. Geopolitical arch-rivals joining the same economic bloc like this might signal a watershed moment for multipolarity.
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this post was submitted on 24 Aug 2023
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Wake me up when they agree on a common currency
Perfect use for Iraqi Dinars
Those American investors were just playing the long game!
I don't think a Euro-style common currency would be on the table (that'd be a clusterfuck). They're talking about a gold-backed currency to settle international trade in. For example, when Russia sells oil to India, they currently pay in Yuan because India doesn't export enough back to Russia.
With a settlement currency, they could settle in BricsBux instead.
I hear they're gonna use robux
Modi proposes the adoption of Google gift cards sent by gullible boomers to "Microsoft Tech Support" as official BRICS currency.
They could call the currency brics.
"Yeah, that'll be 59 brics please"
The reserve dollar status lets the US export trillions in inflation to the rest of the world. Print and spend domestically, and the reserves held by the entire world get devalued.
The US would probably start a war if someone threatened the trillions in free cash they can passively profit from.