[Skynet]

And the reason is the hostility betweenn China and India.

This countries should settle their disputes and work together instead of battling about a 100m worthless territory.

[late]

And the reason is the hostility betwenn China and India.

This countries should settle their disputes and work together instead of battling about a 100m worthless territory.

There was never a reason to think it would succeed..

It was started as a marketing ploy. A way to make more money...

You pointed out one of the biggies. But who would want to hold rubles as a currency reserve. The answer is nobody, the idea is ridiculous.

Sure, there can be bilateral arrangements, but bringing them all together for some project?

Never gonna happen.

[Rich]

And the reason is the hostility betweenn China and India.

This countries should settle their disputes and work together instead of battling about a 100m worthless territory.

I doubt I would be that much use on the front line, but in a war between India and CCP run China, i'd be happy to volunteer to fight for India. If any land is sacred it must surly be South China, the birth place of Chan / Zen.

[Skynet]

BRICS will introduce an own currency

[Rancid]

I say go for it. Only issue is, if/when it fails, people will once against find a way to blame the CIA or whatever.

[paeng]

BRICS involves one of several configurations employed for forming economic blocs as well as bilateral relations, part of the growth of the Global South:

https://www.bbc.com/news/business-22956470

For the U.S., it has to fall, or else it will lose a unipolar global economy, and with that no more voodoo economics.

[Fasces]

Americans so desperate for a Cold War 2.0 they inventing a 'Warsaw Pact'.

[Tainari88]

https://youtu.be/M0JVAxrlA1A?si=oCaDb2mXFwgdzuEt BRICS will introduce an own currency

Very interesting development. Should people invest in gold as a rule thinking this is going to boost the price of gold eventually?

[Skynet]

@paeng The BRICS have the ressources and the factories but they sell it just for paper money from USA and EU.

But I think a currency will not be established because India does not take part.

[paeng]

@paeng The BRICS have the ressources and the factories but they sell it just for paper money from USA and EU.

But I think a currency will not be established because India does not take part.

That's because the same resources were exploited and factories built using the same paper money.

India doesn't have to participate. It's up to them if their trading partners will accept their currency as payment.

[MadMonk]

That's because the same resources were exploited and factories built using the same paper money.

India doesn't have to participate. It's up to them if their trading partners will accept their currency as payment.

Rupees or dollars or euros. BRICS is kind of a joke in a sense, that the only thing that unites them is being some of the larger economies outside the Western hemisphere and with a desire for geopolitical multipolarity. I'm all for it, more power to them, but they will never act as a cohesive block outside of singular issues. China and India being natural rivals in their own backyard is just the tip of the iceberg.