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by viewtransform
1095 days ago
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BRICS is a joke. Russia has a growing pile of Indian rupees and complains to India that they don't want any more. India will never agree to use the Chinese yuan as a dollar replacement because Xi Jinping is flashing his junk on their borders. China looks down on uppity India since they have a massive trade surplus with them. South Africa with water shortages and 16 hour power outages is not going anywhere economically. None of them want Russian currency because of sanctions. That leaves Brazil - which is looking to team up with nearly bankrupt Argentina for a common currency. Meanwhile Brazil (22B), India (122B) and China (380B) run multi-billion dollar trade surpluses with the U.S. |
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