Home | Community | Message Board


This site includes paid links. Please support our sponsors.


Welcome to the Shroomery Message Board! You are experiencing a small sample of what the site has to offer. Please login or register to post messages and view our exclusive members-only content. You'll gain access to additional forums, file attachments, board customizations, encrypted private messages, and much more!

Jump to first unread post Pages: 1
OfflineIce9
3X Ban Lotto Champion
I'm a teapot User Gallery


Registered: 03/20/14
Posts: 11,225
Loc: daterapeville,USA
Last seen: 5 hours, 38 minutes
Re: The Official BRICS Discussion Thread [Re: The Ecstatic]
    #28447241 - 08/26/23 10:23 AM (4 months, 30 days ago)

My thoughts on BRICS -- All hot air and much ado about nothing UNLESS -

India and China adopt a common currency similar to the Euro and replace their currencies with it.  This would end the dollars dominance of international trade and world reserve currency.

That won't ever happen though, as neither country wants to cede control over their own currencies, and it is a lack of trust that these two countries won't manipulate their currencies in ways harmful to others that prevent further adoption of them.


--------------------
The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man. -- George Brenard Shaw


Extras: Unfilter Print Post Top
OfflineIce9
3X Ban Lotto Champion
I'm a teapot User Gallery


Registered: 03/20/14
Posts: 11,225
Loc: daterapeville,USA
Last seen: 5 hours, 38 minutes
Re: The Official BRICS Discussion Thread [Re: SirTripAlot] * 1
    #28449237 - 08/27/23 11:55 PM (4 months, 29 days ago)

BRICS meeting ended with no agreement on a euro style currency and contradictory reasons for why


Seems what I said about India and China was prescient
https://www.yahoo.com/news/brics-summit-ended-no-currency-045430858.html

Also
Quote:

As this dollar alternative was being discussed, data from SWIFT showed the greenback was used for a record 46% of foreign exchange payments via the communications system in July.




--------------------
The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man. -- George Brenard Shaw


Extras: Unfilter Print Post Top
OfflineIce9
3X Ban Lotto Champion
I'm a teapot User Gallery


Registered: 03/20/14
Posts: 11,225
Loc: daterapeville,USA
Last seen: 5 hours, 38 minutes
Re: The Official BRICS Discussion Thread [Re: The Ecstatic]
    #28450126 - 08/28/23 04:12 PM (4 months, 28 days ago)

Quote:

The Ecstatic said:
Quote:

SirTripAlot said:
If sanctions don't work, why is Russia trying to circumvent SWIFT?

It causes a clusterfuck for them, which is the point. Not every sanction works, but to make the blanket statement that they don't work at all, is not kosher.






Unless Russia’s response is to end its invasion of Ukraine then it isn’t working.

The explicit purpose of economic sanctions is to force the affected party to relent. Russia clearly is not, they’d rather build a parallel global systems of transactions than relent. So yeah.



Sanctions are a tool of pressure.  Alone, they won't make any country such as Russia, abandon a course of action.  They do inhibit said course of action, which despite your claims, is the intention.  Widespread sanctions shows the country against whom they are aimed, that the international community as whole condemns the behavior.  It may not be super effective, but abandoning a tool simply because it is not blunt enough is foolish.


--------------------
The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man. -- George Brenard Shaw


Extras: Unfilter Print Post Top
Jump to top Pages: 1


Similar ThreadsPosterViewsRepliesLast post
* The Official Ukraine War Thread.
( 1 2 3 4 ... 1433 1434 )
nooneman 280,518 28,666 01/28/24 12:44 AM
by GenesisCorrupted
* Saudi Arabia to join BRICS???
( 1 2 3 4 ... 12 13 all )
Falcon91Wolvrn03 3,243 242 12/01/22 08:44 AM
by Kickle
* Prominent barking moonbats who don't buy official 9/11 story ekomstop 1,145 4 10/29/04 03:32 PM
by silversoul7
* Reports That Led to Terror Alert Were Years Old, Officials S Tao 614 4 08/05/04 03:32 AM
by luvdemshrooms
* Top US Officials: Case for War Was Confected
( 1 2 3 all )
Zahid 3,307 42 11/11/03 06:59 PM
by afoaf
* Top Iraqi Official: Saddam Not Organizing Anti-US Resistance Zahid 727 11 11/05/03 06:40 PM
by enimatpyrt
* 1969 Discussion about aids Prisoner#1 723 13 06/05/03 08:20 PM
by Anonymous
* Hey LuvDemShrooms - You forgot to reply to this thread...
( 1 2 3 all )
somebodyelse 3,850 50 07/05/03 02:39 PM
by somebodyelse

Extra information
You cannot start new topics / You cannot reply to topics
HTML is disabled / BBCode is enabled
Moderator: Enlil, ballsalsa
1,183 topic views. 1 members, 4 guests and 4 web crawlers are browsing this forum.
[ Show Images Only | Sort by Score | Print Topic ]
Search this thread:

Copyright 1997-2024 Mind Media. Some rights reserved.

Generated in 0.036 seconds spending 0.004 seconds on 15 queries.