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Falcon91Wolvrn03
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Saudi Arabia to join BRICS???
#28040156 - 11/08/22 12:15 PM (1 year, 6 months ago) |
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Looks like China's leader Xi Jinping is going to meet with MBS IN SAUDI ARABIA, who wants to join BRICS which is planning on starting their own reserve currency soon. Plans for moving away from the dollar has always been a reason for the US to topple foreign governments. Things could get interesting real soon with Saudi Arabia...
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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336
menehune


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China #1
-------------------- "Love is seeing the unity under the imaginary diversity."
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Tulipslave
Homo sapiens sapiens, lol

Registered: 07/25/17
Posts: 11,968
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Re: Saudi Arabia to join BRICS??? [Re: 336]
#28041680 - 11/09/22 08:02 AM (1 year, 6 months ago) |
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Quote:
336 said:

China #1
The house I live in would fit within one of those walkways possibly two times over.
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koods
Ribbit



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Re: Saudi Arabia to join BRICS??? [Re: Tulipslave]
#28041694 - 11/09/22 08:16 AM (1 year, 6 months ago) |
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Quote:
BRICS which is planning on starting their own reserve currency soon.
Lol good luck with that.
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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christopera
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Re: Saudi Arabia to join BRICS??? [Re: koods]
#28041717 - 11/09/22 08:33 AM (1 year, 6 months ago) |
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The sooner SA gets the boot the better. We don't really need them. Let them burn their oil as they wither into the sand.
-------------------- Enjoy the process of your search without succumbing to the pressure of the result. A Dorito is pizza, change my mind. Bank and Union with The Shroomery at the Zuul on The internet - now with %'s and things I’m sorry it had to be me.
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koods
Ribbit



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Re: Saudi Arabia to join BRICS??? [Re: christopera]
#28041720 - 11/09/22 08:38 AM (1 year, 6 months ago) |
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Imagine being so deluded that you believe rogue states like Saudi Arabia and Russia could have anything to do with a trusted reserve currency.
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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christopera
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Re: Saudi Arabia to join BRICS??? [Re: koods]
#28041723 - 11/09/22 08:40 AM (1 year, 6 months ago) |
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SA only exists because of their oil. The US and Europe enable this. China and India will pick up the slack when we get rid of them. In the long term they have nothing else. Their downfall is obvious. Good riddance.
-------------------- Enjoy the process of your search without succumbing to the pressure of the result. A Dorito is pizza, change my mind. Bank and Union with The Shroomery at the Zuul on The internet - now with %'s and things I’m sorry it had to be me.
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The Ecstatic
Chilldog Extraordinaire


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Re: Saudi Arabia to join BRICS??? [Re: koods] 1
#28041786 - 11/09/22 09:37 AM (1 year, 6 months ago) |
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Quote:
koods said: Imagine being so deluded that you believe rogue states like Saudi Arabia and Russia could have anything to do with a trusted reserve currency.
Brazil, Russia, India, China, South Africa (Argentina, Iran, KSA maybe?)
Just the 5 existing countries represent nearly half of the global population, significantly more than the U.S.
I think it would be better to base the world’s reserve currency on something substantial (like human population) rather than the power of finance capital and the US military, but who knows.
As for Saudi Arabia joining BRICS, I don’t see it. This is leverage.
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koods
Ribbit



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Re: Saudi Arabia to join BRICS??? [Re: The Ecstatic]
#28041809 - 11/09/22 09:47 AM (1 year, 6 months ago) |
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It’s impossible for Russia especially to be involved in some sort of new currency. It’s farcical.
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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The Ecstatic
Chilldog Extraordinaire


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Re: Saudi Arabia to join BRICS??? [Re: koods] 1
#28041815 - 11/09/22 09:49 AM (1 year, 6 months ago) |
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That’s like saying the Euro can’t be trusted because Romania is in the EU.
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koods
Ribbit



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Re: Saudi Arabia to join BRICS??? [Re: The Ecstatic]
#28041824 - 11/09/22 09:56 AM (1 year, 6 months ago) |
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Half the world population hasn’t cut off financial transactions with Romania
Any currency that involves Russia is DOA
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
Edited by koods (11/09/22 09:57 AM)
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Tulipslave
Homo sapiens sapiens, lol

Registered: 07/25/17
Posts: 11,968
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Re: Saudi Arabia to join BRICS??? [Re: koods] 1
#28041826 - 11/09/22 09:57 AM (1 year, 6 months ago) |
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Quote:
koods said: It’s impossible for Russia especially to be involved in some sort of new currency. It’s farcical.
Why?
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The Ecstatic
Chilldog Extraordinaire


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Re: Saudi Arabia to join BRICS??? [Re: koods] 1
#28041832 - 11/09/22 10:00 AM (1 year, 6 months ago) |
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Quote:
koods said: Half the world population hasn’t cut off financial transactions with Romania
Any currency that involves Russia is DOA
Has half the world population cut off financial transactions with Russia?
Even if they had, this is the entire point of developing a reserve currency that isn’t beholden to US interests.
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koods
Ribbit



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Re: Saudi Arabia to join BRICS??? [Re: Tulipslave]
#28041838 - 11/09/22 10:03 AM (1 year, 6 months ago) |
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It’s also just a terrible time to launch a competing currency to the dollar. The dollars value as a reserve currency hasn’t been this high in decades and the US has the best economy in the world. Interest rates are finally in the Goldilocks zone. It’s just bizarre that anyone would choose this moment to challenge the dollar
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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koods
Ribbit



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Re: Saudi Arabia to join BRICS??? [Re: The Ecstatic]
#28041845 - 11/09/22 10:07 AM (1 year, 6 months ago) |
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Quote:
The Ecstatic said:
Quote:
koods said: Half the world population hasn’t cut off financial transactions with Romania
Any currency that involves Russia is DOA
Has half the world population cut off financial transactions with Russia?
Even if they had, this is the entire point of developing a reserve currency that isn’t beholden to US interests.
In terms of economic power more than half the world has cut Russia off
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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The Ecstatic
Chilldog Extraordinaire


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Re: Saudi Arabia to join BRICS??? [Re: koods] 1
#28041847 - 11/09/22 10:08 AM (1 year, 6 months ago) |
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I don’t think they will. China is in a much better position to play the long game, and BRICS’ future will go where China leads it. I think they know that the yuan won’t ever be the reserve currency, but they can make headway with a new, extra-national currency in an appeal towards democratic values and internationalism.
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The Ecstatic
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Re: Saudi Arabia to join BRICS??? [Re: koods]
#28041856 - 11/09/22 10:12 AM (1 year, 6 months ago) |
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Quote:
koods said:
Quote:
The Ecstatic said:
Quote:
koods said: Half the world population hasn’t cut off financial transactions with Romania
Any currency that involves Russia is DOA
Has half the world population cut off financial transactions with Russia?
Even if they had, this is the entire point of developing a reserve currency that isn’t beholden to US interests.
In terms of economic power more than half the world has cut Russia off
Well that’s the thing isn’t it? The powerful minority dictating policy to the majority.
A move away from that is more important to nations in South America or Africa or SE Asia than Russia’s currency manipulations. We just don’t see it like that because we sit atop this pyramid scheme.
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koods
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Re: Saudi Arabia to join BRICS??? [Re: The Ecstatic] 1
#28041857 - 11/09/22 10:13 AM (1 year, 6 months ago) |
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Yeah nothing says democratic values like Russia, China and Saudi Arabia. And India is teetering on the edge of authoritarianism.
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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Kryptos
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Re: Saudi Arabia to join BRICS??? [Re: The Ecstatic]
#28041858 - 11/09/22 10:13 AM (1 year, 6 months ago) |
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Quote:
The Ecstatic said:
Quote:
koods said: Half the world population hasn’t cut off financial transactions with Romania
Any currency that involves Russia is DOA
Has half the world population cut off financial transactions with Russia?
Even if they had, this is the entire point of developing a reserve currency that isn’t beholden to US interests.
Enough of the world has cut off Russia that I am having serious trouble figuring out how to get assets out of the country.
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koods
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Re: Saudi Arabia to join BRICS??? [Re: Kryptos]
#28041861 - 11/09/22 10:15 AM (1 year, 6 months ago) |
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Quote:
Well that’s the thing isn’t it? The powerful minority dictating policy to the majority.
We’re taking about money not population.
Replacing the dollar as a reserve currency isn’t in the interest of China since a lot of its own reserves are denominated in dollars
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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