roughbarked said:

Oops. https://www.abc.net.au/news/2023-08-24/brics-economic-bloc-summit-johannesburg-xi-putin-china-russia-/102759396

roughbarked said:

roughbarked said:

Oops. https://www.abc.net.au/news/2023-08-24/brics-economic-bloc-summit-johannesburg-xi-putin-china-russia-/102759396

What good is having all the money in the world
if you can’t preserve the things nearest & dearest to you?

King Midas and The Golden Touch

King Midas was given the magical power of his Golden Touch by the Greek god Dionysus. Midas had helped Dionysus reunite with his foster father when the older satyr had gotten drunk and lost. Out of gratitude for this deed, Dionysus offered to give Midas anything he desired. Midas asked for the power to turn anything he touched to gold.

However, Midas very quickly found that this power was a curse and not the blessing he had hoped it would be. Everything King Midas touched turned to gold – including food, drink, and his beloved daughter.

“BRICS is the acronym for the countries in the group: Brazil, Russia, India, China and South Africa. “

“It was coined in 2001 by an economist to describe the fastest-growing states, which are predicted to collectively dominate the global economy by 2050. “

Fastest growing? Are you sure?

“BRICS is often considered a counterweight to the Group of Seven (G7) democracies consisting of the US, Canada, France, the UK, Germany, Italy and Japan. Primarily, it aims to challenge Western dominance in the global economic system.”

I’m all for doing away with the Western dominance of the global economic system.

“BRICS leaders have floated the idea of creating a global common currency to move away from reliance on the US dollar.”

“the BRICS Development Bank, now the New Development Bank, as its flagship financial project to rival the International Monetary Fund and World Bank.”

Hmm. Some interesting ramifications there.

yar
my point was
they’re money grubbers

BRICS = Brazil, Russia, India, China and South Africa

Russia and China are strategic rivals even though they pretend to be friends, they don’t trust one another.
India and China hate each other.
Brazil is a shaky economy on a good day.
South Africa is going to pot.

As far as currencies go, the US Dollar accounts for around 40-45% of world trade. The Euro about 15-20%, the Yen about 8-12%, then the UK Pound 7-10% … then Aus and Canadia.

China’s currency is not traded much because it is controlled and restricted the the Scumunist party. The Russians are under sanction. India also manipulates its currency and restrticts trade. Brazil and Sarf Afkirka are too chaotic to matter.
It was a nice idea back in 2001, but any talk of a common currency between them to form a new trade bloc seems fanciful in 2023.Each major player doesn’t trust the other not to manipulate said common currency, if they are not downright hostile to the others in a security sense.

Here’s Peter’s view on it

https://www.youtube.com/watch?v=7tG7hh-Vx2A
lunk

13 minutes approx.

party_pants said:

BRICS = Brazil, Russia, India, China and South Africa

Russia and China are strategic rivals even though they pretend to be friends, they don’t trust one another.
India and China hate each other.
Brazil is a shaky economy on a good day.
South Africa is going to pot.

As far as currencies go, the US Dollar accounts for around 40-45% of world trade. The Euro about 15-20%, the Yen about 8-12%, then the UK Pound 7-10% … then Aus and Canadia.

China’s currency is not traded much because it is controlled and restricted the the Scumunist party. The Russians are under sanction. India also manipulates its currency and restrticts trade. Brazil and Sarf Afkirka are too chaotic to matter.
It was a nice idea back in 2001, but any talk of a common currency between them to form a new trade bloc seems fanciful in 2023.Each major player doesn’t trust the other not to manipulate said common currency, if they are not downright hostile to the others in a security sense.

The opposite party/ideal is to
use taxes to improve lives of citizens
rather than enriching themselves/friends
by using the taxes to switch to renewable
energy, lower drug prices, replace outdated
infrastructure like bridges, dams and schools
enabling everyone to afford high speed devices
for communication and for educational purposes

the OTHER Party wants to cut their OWN Taxes and
use it to further enrich themselves exploring for coal/oil