Let’s see where things are in 3 years. China has been economically and politically stable for some time now. If the others hold, too… we may see a bifurcation, where enemies jump over (e.g Iran).
I’m not sure it would grow to include a global euro, although that currency makes more sense to me than BRICS (for now).
BRICS could make it. But if it does, I will be without the R or with a very weekends one.
I don’t see any signs of Russia being weakened at the moment. Their economy is growing right now, and they’ve successfully diverted the trade they were doing with the west towards friendly countries. Being one of the major essential commodity exporters, I think Russia will be doing just fine.
To me, a BRICS currency that’s backed by a basket of tangible commodities makes more sense than a dollar or the euro, and we’re now seeing a flood of countries applying to join BRICS as well. So, really it’s starting to look like the west against the rest here.
I expect that we’ll see western bloc countries continuing to use dollar based economy while the Global South will increasingly align around BRICS. In particular, we’re very likely going to see countries avoiding predatory loans from the World Bank and IMF, preferring BRICS institution instead.
Let’s see where things are in 3 years. China has been economically and politically stable for some time now. If the others hold, too… we may see a bifurcation, where enemies jump over (e.g Iran).
I’m not sure it would grow to include a global euro, although that currency makes more sense to me than BRICS (for now).
BRICS could make it. But if it does, I will be without the R or with a very weekends one.
I don’t see any signs of Russia being weakened at the moment. Their economy is growing right now, and they’ve successfully diverted the trade they were doing with the west towards friendly countries. Being one of the major essential commodity exporters, I think Russia will be doing just fine.
To me, a BRICS currency that’s backed by a basket of tangible commodities makes more sense than a dollar or the euro, and we’re now seeing a flood of countries applying to join BRICS as well. So, really it’s starting to look like the west against the rest here.
I expect that we’ll see western bloc countries continuing to use dollar based economy while the Global South will increasingly align around BRICS. In particular, we’re very likely going to see countries avoiding predatory loans from the World Bank and IMF, preferring BRICS institution instead.