It's clear that the strongest hold the reins. Remember how the USA used to be the big player with the dollar? Now you've got China, Russia, and other BRICS countries rising up and getting stronger.
Everyone's really just looking out for their own interests, right? It's all about your tribe first you, then your family, then your country.
So, if I were leading one of the BRICS nations or had power in China or Russia, here’s what I’d do: I’d go to Biden and say something like, "Hey, we’re strong too. It’s not just the USA and the dollar that matter. If you don’t play ball with us and share the market, we’ll stop using your dollar and your rules. You either cooperate with us, or you risk losing all your economic might. We could even sway Canada and Mexico."
We’ve got these new players on the field now, which means there’s less wealth and resources available for the average person. The USA has to start sharing the market pie. But for those who previously made huge profits, like 10x, and now only see 5x, that’s still a lot, but they’re used to those big gains. So what do they do? They start laying off workers and looking for cheaper production methods because they still want to be super wealthy, no matter the economic situation.
If US corporations don’t play fair with BRICS, then these countries could potentially wipe out the dollar by offering better prices and deals to US allies like the UK and those in Europe. This could even lead to China and the other BRICS nations stepping in to negotiate peace between Russia and Ukraine for Europe.
How did you manage to turn everything upside down and 180 degrees!? )))
Did you come up with that yourself, or did you read it somewhere?
All right, let's take it step by step.
1. BRICS. Earlier, when BRICS was organized, it was really an economic regional union. And the goals were adequate and real. An economic commonwealth of some countries interested in the development of economic mutually beneficial cooperation.
But time has passed.... Now the situation looks like this:
1. the BRICS economy is based on the largest economies of China and India. Russia is just a huge territory and the status of a raw material appendage, selling natural resources cheaply, but technologically a neglected territory with unclear prospects.
2. China's economy is a very painful topic, as well as the economy itself.
3. The union itself has turned into a league of fighters against the dollar, destroyers of the USA, and i.e. fighting common sense At the same time, China is trying to slip its dubious yuan as the BRICS currency to everyone. Well, it has to save its economy at the expense of someone else!
4. The U.S. benefits from the war in Ukraine - don't you mean to say that:
- The U.S. started this war.
- Is Putin a complete idiot and a victim of the US conspiracy?
5. If the US starts invading small countries... - and that the US has occupied and annexed territories of other countries ? Name which countries the US has invaded and annexed or occupied their territories. And also name the country that invaded and occupied many territories of neighboring countries in the 19th and 20th century ?
Have you considered that it is profitable for Russia and... China? Why? Because Russia since 2014 successfully enough showed the impotence of world institutions and organizations by attacking Ukraine and occupying part of Ukraine. Feeling impunity, Russia got support, and in 2022 decided to put the final point and show that force and lawlessness, will not be punished. If they turned a blind eye to the seizure of Ukraine, then they will also turn a blind eye to the seizure of Taiwan ! But-- Since Russia is a hollow country, its plans are the same. Capture of Kiev in 3 days - is already in its third year, Ukraine is liberating parts of Russian regions from the Kremlin junta, and Russia's military losses have exceeded the losses of all previous wars unleashed by Russia, from 1945 to 2022 ! NATO has rallied like the rest of the west, the military-industrial complex of NATO countries is back on its feet and working at 200%. In addition, sanctions are destroying Russia, and China, instead of getting an indulgence to take over Taiwan, realized that it will get a very powerful response and heavy sanctions.
PS And one question to which I really want to hear the answer - what do you dislike the dollar as a universal means of international settlements? Just please, a logical explanation !
I see that there is quite a lot to cover here, and indeed I do appreciate many of the points that you have just made. But what is important in that context is how the evolution of the BRICS from an economically integrated bloc into one of political sensitivity focuses on the dollar-versus-US challenges. The two leading economic powers in the BRICS group are China and India, while Russia plays a key part in it. As a raw material supplier, especially, challenges of the yuan as a BRICS currency really show that China does attempt to use the relationship for its economic benefit.
I think that its hard to think where America stands in benefit, in terms of situations like the conflict in Ukraine or whether the United States did start the war. The geopolitical situation stands on different ground. Even then, strategic advantage is a problem. But to attribute the whole situation to a greater American conspiracy oversimplifies the situation.
Historically, the United States has involved itself in military operations of all kinds. It's important to distinguish those as quite separate from concrete occupations, if one compares that with Russian historical practice. And then it puts the necessary context for understanding the current conflict.
The present scenario in Russia and China gives an insight into the intricacy of world politics. The aggression by Russia in Ukraine manifests the strength of international institutions and how seriously such an action is taken, whereas on the other hand, the cautious stance China has maintained on Taiwan manifests the potentialities of external international factors. This can be understood by looking at the international reaction to Russia.
After all, the dollar's status as an international money is connected with its stability and broad acceptance. But the dollar's strength had come into doubt, and its connection with the global economic imbalances into question. and the implications of US monetary policy This, in turn, led to debate on how to build other rivers running in parallel.
In regards to China there is more to it.
The internal debt crisis is harsh, their clamping down on real data is plainly stupid.
Now they,China, is taken the people in who can make a difference:
https://archive.ph/lS46V
Original article is here: https://www.bloomberg.com/news/articles/2024-09-12/china-detains-investment-bankers-takes-passports-in-graft-sweep
The situation on the international arena is not as simplified as you see it. The fact is that the current US administration does not want Ukraine to win its fight against Russia, which has been attacking for three years. Therefore, relatively few weapons are provided, they always arrive with a great delay in time, and most importantly, the US allows Ukraine to strike only its own territory with the weapons it provides, although temporarily occupied by the Russians. Ukraine is not allowed to strike at Russian territory immediately before the formation of strike groups of equipment and military personnel, which is complete nonsense in any war. And such a war with tied hands is unlikely to lead to victory, but in any case, it will greatly exhaust the Ukrainians. What the Ukrainians are doing is generally miracles in the current conditions. But wars are not won on heroism and enthusiasm alone.
At the same time, the most brutal war since World War II, which has been going on for three years, greatly exhausts Russia. Therefore, in any case, after the end of this war, regardless of its outcome, Russia will be weakened in all positions. If Russia survives as a single state at all. And the US fears the collapse of Russia because of the uncertainty of the situation, including with its nuclear weapons.
While it is true that BRICS nations, such as China and Russia, do try to emerge as major players in the world's economics, the destruction of the dollar by BRICS is an exaggeration. As a matter of fact, there is not even a certain timeline of when the BRICS currency would be launched, and experts contend that making one may take several years because of the complexities involved in unifying such diverse economies. Even when they do come up with some sort of new currency, it will be a limited regional player in the foreseeable future and most definitely not some sort of overnight take over the world  .
Also, while BRICS are on the rise, the U.S. is still in a position of power. That dominance of the dollar comes from its use in global trade, especially oil, and even Saudi Arabia, despite recent moves to diversify, still largely trades in dollars. The vision of the U.S. sitting back and losing control doesn't quite reflect global economic reality. So, yes, BRICS gets stronger, but we are not looking at an overnight shift in global power. Competition's getting tougher; anything but the end of U.S. influence.
They will all be fighting for their dominance regardless of what the other countries will think of it. NATO will want to keep its hegemony on top, it may use its military and finance sanctions while China is surprisingly climbing with the support of countries where resources come from such as South Africa and Russia.
The truth is that like the few empires in the past, they won't give up without a fight. It all depends on how much money they have since war is expensive.
Russia spends about $300 million a day on the war with Ukraine. Direct military expenses and the cost of lost equipment for Russia over 18 months of the war (from February 24, 2022 to August 24, 2023) amount to about $167.3 billion, according to Forbes calculations. This estimate does not include ongoing defense spending not related to military action. It also does not include the economic losses of the aggressor country.
The largest expense items are: military support ($51.3 billion), military salaries ($35.1 billion), compensation to the families of the dead ($25.6 billion) and wounded ($21 billion), and the cost of destroyed equipment ($34 billion).
https://forbes.ua/ru/war-in-ukraine/za-pivtora-roku-rosiya-vitratila-na-viynu-z-ukrainoyu-blizko-1673-mlrd-z-nikh-tilki-tekhniki-na-ponad-34-mlrd-rozrakhunki-forbes-16092023-16050
Moreover, this year, Russia's losses in the war are only increasing. In one day, Russia now loses about 1,200-1,300 of its soldiers killed and wounded. No matter how this war ends, Russia will emerge from it very weakened and will hardly be able to claim its former hegemonic role in the international arena. In addition, sanctions against Russia will not be lifted quickly and their negative impact on the economy will continue and have a destructive effect. Therefore, Putin should no longer think about Russia's influence on other countries, but about keeping Russia whole within its existing borders.
Let's start with the fact that Ukraine did not plan to be at odds with Russia, much less destroy it. It did not pose any real threat to Russia and never threatened it. Putin's Russia attacked it under a far-fetched pretext and thus made a fatal mistake for its own future existence. But this is its choice and the choice of Russians, who will pay for the deaths and atrocities they inflicted on Ukrainian citizens for several generations.
It is quite possible that Russia will collapse and become a third world country without any serious reserves of natural resources in the next decade. This is a fair price for military aggression against Ukraine.
The United States did not start or even provoke the war in Ukraine, but it is quite natural that they will take advantage of the situation to strengthen their positions in the world. This is absolutely logical.
The world constellation become multipolar. Hegemon use war and saction as geopolitical instrument, which trigered some country take action on finding alternatif payment beside USD. Global corporation (elite global) is the most benefiting party from conflict, midlle and lower class is the most suffered victim. Talking about US as super power for decades, we will find out that post WW-II, US keeps its world domination on many sector, military, currency, information technology (media) and distribution. With its strenght and label as winner of WW-II, US has the biggest bargaining power in the world and it is acceptable US become controller of world order. But I think, zero sum game perspective on this multipolar world is not relevan anymore.
In my opinion, even BRICS promote dedolarization agenda but their main purpose is find alternatife not fully wipe USD role, even many want it but USD is too strong to conquer at this time with 1st consideration, its backed up with best and biggest military power in the world. Who dare challenge US ? Beside that many country realize that they already put some of their strategic egg on US's basket, if global market loose its backbone especialy US Deep capital market, the damage will affecting all the country in the world. Big war not relevan solution for US now , they rather choose proxy, saction , technology and supply chain.
100% US Industrial military complex is the most benefiting party in Rusia -Ukraine war. War for weapon producer is the most fruitfull harvesting season. You can check data on biggest world weapon exporter, biggest weapon producer in the world, country who supply military weapon around the world and you will be shocked that 5 permanent members of UN security council which have veto right was involved in direct war. Matter of fact, if NATO not bring expansion agenda to Rusia backyard, there will not be these Putin's invasion reaction to Ukraine. Beside that no free lunch for Ukraine, US at the first US support on Ukraine will be exchange with rare earth minerals which in the end US found that biggest promised location of this resources is not in Ukraine territory and digging it will drain US pocket and too long to be received.