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OfflineBrian Jones
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Registered: 12/18/12
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Re: The Official BRICS Discussion Thread [Re: The Ecstatic]
    #28604632 - 12/31/23 01:26 PM (27 days, 11 hours ago)

I wasn't putting much significance on the Argentina news either.

Separate countries (including most of the BRICS original members) are trying to substitute their currency in trade deals for specific commodities. Expect the number to grow but no word yet if it's successful for them, except conflicting media reports on India pushing their rupee as U.S. FED tightened policies and parts of the world have dollar shortages. These are interesting experiments but I'm still not following the how or why of BRICS collective plan. History will decide if I'm wrong, but still going with individual self interest over convincing most of the East that they can all be winners.


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Offlinechristopera
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Re: The Official BRICS Discussion Thread [Re: Brian Jones]
    #28604686 - 12/31/23 02:41 PM (27 days, 10 hours ago)

When I say "hilarious" I meant that it is ironic for those that believed BRICS was really going to gain momentum. Argentina owes like $30B to the IMF. I'm not certain I support the IMF, but where was BRICS? You'd think with their batshit crazy president they'd be full send for BRICS. Conversely, with BRICS trying to be an actual thing you'd think they'd be sending cash to anybody that would take it just to get a foothold.


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