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  • BRICS summit to strengthen unity

    From global.chinadaily.com.cn

    The 16th BRICS Summit in Kazan, Russia, is expected to witness reinforced unity among emerging markets and Global South countries, as well as their greater support for multilateralism and global stability, analysts said. They made the observation as President Xi Jinping was set to attend the landmark event from Tuesday to Thursday. What makes this year's summit special is that it is the first of its kind following the most recent historic expansion of BRICS. Chinese officials have emphasized that Beijing attaches great importance to the Kazan summit and fully supports Russia's role as the host. Zhang Hanhui, Chinese ... (full story)

Unity of dictators,corrupt countries, who ready to destroy free world and countries with their sick ambitions.
That’s hilarious
Quoting AndryLV1984
Unity of dictators,corrupt countries, who ready to destroy free world and countries with their sick ambitions.
They are the FREE World actually, the other World is stuck in degeneracy and corruption.
Quoting AndryLV1984
Unity of dictators,corrupt countries, who ready to destroy free world and countries with their sick ambitions.
Exactly.
  •  Guest
  • | IP XX.XXX.234.213
It's not BRICS that is worrying me, but rather the sell off in the debt market that is continuing... we could have a disaster soon if the Fed doesn't intervene and keeps buying...
Quoting readme
{quote} They are the FREE World actually, the other World is stuck in degeneracy and corruption.
He He - either your head is stuck in the sand(perhaps deliberately) and that you know nothing about what is happening(follow the money - sometimes a bit disguised) in my own country and others in Africa.

Here the same "stuck in degeneracy and corruption" flourishes.

Our government involvement in BRICS is just trouble for us here - ALL BRICS countries have various problems etc of their own to throw together? WOW!

Bye!
Don't limit yourself!!
1. Internal heterogeneity. These countries have vastly different political systems, economic structures and strategic priorities. "Border disputes" between China and India

2. What kind of organizational structure it has? Where is secretariat and HQ? Absence of a structured framework makes it challenging to implement strategies and policies consistently.

3. Economic disparity among nations. Dedollarization efforts are just hilarious. In many emerging markets, dollar is more stable and more commonly accepted as a medium of payment in cross-border trade than the local currency. When India buys russia's oil for rupees, no one needs rupees except India itself, so russia reinvest its back.

4. Geopolitical constraints. Some countries maintain strong economic ties with Western countries. Hello?

Depending on how seriously someone takes BRICS, you can diagnose idiocy.
Quoting mosiskv
{quote} He He - either your head is stuck in the sand(perhaps deliberately) and that you know nothing about what is happening(follow the money - sometimes a bit disguised) in my own country and others in Africa. Here the same "stuck in degeneracy and corruption" flourishes. Our government involvement in BRICS is just trouble for us here - ALL BRICS countries have various problems etc of their own to throw together? WOW! Bye!
It is just your opinion, your red diamond does not entitle you to any credibility and to insult other users.
Quoting W0lfram
1. Internal heterogeneity. These countries have vastly different political systems, economic structures and strategic priorities. "Border disputes" between China and India 2. What kind of organizational structure it has? Where is secretariat and HQ? Absence of a structured framework makes it challenging to implement strategies and policies consistently. 3. Economic disparity among nations. Dedollarization efforts are just hilarious. In many emerging markets, dollar is more stable and more commonly accepted as a medium of payment in cross-border...
What's it? The cry of despair of a drowning man? But in fact, the BRICS is growing. Leading investors do not care about the political insanity of Europe and the United States. They invest in real prospects and not in discrediting economies. The real business prospects of the BRICS are positive and have enormous potential.
This is how the old wisdom sounds, "the dog (Europe and the USA) barks but the caravan goes its own way.
Desire is a set of possibilities And reluctance - a lot of reasons ....
Quoting lipopos
{quote}What's it? .
That was facts.
Quote
Depending on how seriously someone takes BRICS, you can diagnose idiocy.
We have the first one. Who's next?
Quoting AndryLV1984
Unity of dictators, corrupt countries, who ready to destroy free world and countries with their sick ambitions.
You have said it ! Though I am not as pessimistic regarding the outcome.

Yet, as we can see even on this forum, there are assorting bleeding heart liberals and various do-gooders who will endlessly denigrate the free world as "corrupt" and therefore destined for oblivion.

To those, I say try living in a communist country and then we can talk (been there, experienced that).
Quoting AndryLV1984
Unity of dictators,corrupt countries, who ready to destroy free world and countries with their sick ambitions.
Why you are against USA and Europe?
Quoting Eurorally
{quote} You have said it ! Though I am not as pessimistic regarding the outcome. Yet, as we can see even on this forum, there are assorting bleeding heart liberals and various do-gooders who will endlessly denigrate the free world as "corrupt" and therefore destined for oblivion. To those, I say try living in a communist country and then we can talk (been there, experienced that).
Stop depending on communist China and produce something instead of just print money and do wars.
It is interesting to see how divided the opinions are on this topic, and both sides are blinded in their own bubble. Maybe in their algorithm on X. Everyone has their own truth. But talking about how free the BRICS countries are is like talking about how free the hens in the cage are...
BTC/USD
Quoting readme
{quote} They are the FREE World actually, the other World is stuck in degeneracy and corruption.
For a moment I thought you were sarcastic, but I see you are just ……
Quoting lipopos
{quote}What's it? The cry of despair of a drowning man? But in fact, the BRICS is growing. Leading investors do not care about the political insanity of Europe and the United States. They invest in real prospects and not in discrediting economies. The real business prospects of the BRICS are positive and have enormous potential. This is how the old wisdom sounds, "the dog (Europe and the USA) barks but the caravan goes its own way.
It’s funny when pariah of the world teaches others on future of world economy. You have to call North Korea to the rescue. How pathetic that?
Quoting chlvx
It is interesting to see how divided the opinions are on this topic, and both sides are blinded in their own bubble. Maybe in their algorithm on X. Everyone has their own truth. But talking about how free the BRICS countries are is like talking about how free the hens in the cage are...
You are not in a free country, your country is a vassal of the US. Why are you talking about freedom?
Quoting ALThau
{quote} It’s funny when pariah of the world teaches others on future of world economy. You have to call North Korea to the rescue. How pathetic that?
All G7 and EU countries are growing much less than BRICS countries and you are talking about expertise in economics. Are you trolling or I am trolling? Is that fanatism?
Quoting readme
{quote} All G7 and EU countries are growing much less than BRICS countries and you are talking about expertise in economics. Are you trolling or I am trolling? Is that fanatism?
Of course they are growing less. Let me explain when a small farmer has a 100 apple trees and plants another 100 apple trees his growth is 100%. Now the farmer with 1000 apple trees plants another 500 apple trees his growth is only 50%.
Without G7 countries and Europe there is no growth.
Quoting Schweet
{quote} Of course they are growing less. Let me explain when a small farmer has a 100 apple trees and plants another 100 apple trees his growth is 100%. Now the farmer with 1000 apple trees plants another 500 apple trees his growth is only 50%. Without G7 countries and Europe there is no growth.
I know that excuse, but globalism is only convenient for the decadent empire.
The BRICS are ready to develop independently of G7 and Europe, they are defending the multipolar World.
Quoting readme
{quote} I know that excuse, but globalism is only convenient for the decadent empire. The BRICS are ready to develop independently of G7 and Europe, they are defending the multipolar World.
Who is the largest of the BRICS economies? China. And who is China's main customer? The USA. China will never compromise that relationship. China are using and manipulating BRICS.
Quoting Schweet
{quote} Who is the largest of the BRICS economies? China. And who is China's main customer? The USA. China will never compromise that relationship. China are using and manipulating BRICS.
The USA is just a consumer market, they print money and consume, do not produce anything important for the global economy.
China will milk the USA until it is completely rotten and useless, in the meantime they keep selling US debt for gold.
Quoting readme
{quote} The USA is just a consumer market, they print money and consume, do not produce anything important for the global economy. China will milk the USA until it is completely rotten and useless, in the meantime they keep selling US debt for gold.
How long is that going to take???
Quoting readme
{quote} You are not in a free country, your country is a vassal of the US. Why are you talking about freedom?
Just a minute, please hear me on this, I am a 79-year old lifelong conservative: Chlvx lives in the post-communist Slovakia and is correct with his opinion of the BRICS. He has all the reasons to talk about freedom, please realize that.

Entirely apart from this fact, his country can hardly be described as a vassal of the US. This is like the recently deceased cousin of my wife, the professor emeritus of the Boston University and the professor of the Charles University in Prague (founded in 1348) who says in his book that "the United States is intimidating the rest of the world with its economic and military power."

On the contrary, judging from the pronouncements and actions of the Slovak prime minister, Slovakia may be leaning to much in the Putin's direction for our taste. This indeed may be the reason for readme's comment on the BRICS. Or, then again, it may not be as many in post-communist countries are not cognizant of their continuing vestiges of decades of socialism and communism in their countries.
Quoting Eurorally
{quote} Just a minute, please hear me on this, I am a 79-year old lifelong conservative: Chlvx lives in the post-communist Slovakia and is correct with his opinion of the BRICS. He has all the reasons to talk about freedom, please realize that. Entirely apart from this fact, his country can hardly be described as a vassal of the US. This is like the recently deceased cousin of my wife, the professor emeritus of the Boston University and the professor of the Charles University in Prague (founded in 1348) who says in his book that "the United...
You are completely far apart from the reality. I will not waste more time.
Quoting readme
{quote} You are completely far apart from the reality. I will not waste more time.
That’s right, continue to live in you lala land. Opps, sorry, it a Zombie land
Quoting ALThau
{quote} That’s right, continue to live in you lala land. Opps, sorry, it a Zombie land
You are not an educated individual, just someone indoctrinated to spread hate and nonsense.
  •  Guest
  • | IP XXX.XXX.57.43
Musing: A common BRICS currency wouldn't be a bad idea. BRICS can turn into the world's economic forum, away from politics.
A common currency only used for settlements between central banks.
*** The most important and difficult part - the common-currency's exchange rates should match against each participating country's capacity to export/import its commodities and services, in realtime. ***
Businesses can then price trades in their country's own currency, and settle through the central banks.
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  • | IP XX.XX.14.80
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  • Posted: Oct 22, 2024 3:03am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 28  /  Views: 8,475
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