[FreshStart]

So who fights who in this block? China vs India, Iran vs UAE, Pakistan vs India?

[andreygrehov]

From my understanding, it's these countries [1] vs US dollar.

[1] https://en.wikipedia.org/wiki/BRICS#/media/File:Map_of_BRICS...

[rhaway84773]

If that’s indeed their strategy, and it appears it is, it’s great for the US since it means there are fewer countries it needs to subsidize by maintaining the strength of the dollar.

And the countries that do stick to the USD enjoy an implicit cost advantage over the countries that don’t because they don’t have to bear the inefficiency costs of holding wealth in highly unstable currencies that are hard to convert.

[unmole]

> fewer countries it needs to subsidize by maintaining the strength of the dollar.

This makes zero sense.