On Monday, Turkish Foreign Minister Hakan Fidan began a visit to Beijing, the highest-level visit by a Turkish official to BRICS member China since 2012. Fidan held talks with Chinese counterpart Wang Yi and other officials during the visit. Asked whether Turkey would want to join BRICS during a talk at the Center for China and Globalization on Monday, Fidan said "we would like to of course, why would we not?". However, he did not elaborate further. BRICS members encompass about 30% of the world's land surface and 45% of the global population.[a] Brazil, Russia, India, and China are among the world's ten largest countries by population. Created to provide a platform for its members to challenge a world order dominated by the United States and its Western allies. One issue is to challenge USD $
It's safe and desirable for figures like Erdoğan and those in his administration to say they want to join BRICS precisely because it suggests the flexibility of non-alignment without any inconvenient obligations or commitments. The idea that any other currency is in a position to replace the USD as the world's primary reserve currency is the pipe dream of dictators. Even the Euro is in no shape to serve that role, and everything else is far behind that.
I need to find the source and check it reliability, but the discussion was to release BRICK currency backed up by Gold Standard. I think it was the Business Insider. I first heard about it couple years back and nothing yet. But economic wars with China etc., all pushing this thing. Russia war in Ukraine . Checking
Russia is pushing the agenda. https://markets.businessinsider.com/news/currencies/dollar-vs-ruble-dedollarization-russia-putin-brics-currency-dominance-trade-2024-6\ Russia will continue to ramp its use of BRICS currencies for trade, Putin added. He also introduced a handful of ambitious economic goals for Russia to meet by 2030. Russia has been shifting away from the dollar since 2022, after it began its invasion of Ukraine and was subsequently hit with Western sanctions. Meanwhile, economists say there's no threat to the dollar from these efforts, and it won't be displaced as the world's dominant currency anytime soon, even as more nations express a desire to move away from the currency.
If the USA lost our democracy and fell into financial ruin then maybe in 20 or 30 years it could happen? Of course, in that case we would have much greater problems to worry about.
https://www.yahoo.com/news/malaysia-preparing-join-brics-economic-043521273.html KUALA LUMPUR (Reuters) - Malaysia is preparing to join the BRICS group of emerging economies, Prime Minister Anwar Ibrahim said in an interview with Chinese media outlet Guancha. The BRICS group of nations originally included Brazil, Russia, India, China, and South Africa, which gave it the acronym. The group last year began to expand its membership as it looks to challenge a world order dominated by Western economies, with Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates joining and more than 40 countries expressing interest.
Yes, and as I said, it's attractive because it suggests the flexibility of non-alignment without any inconvenient obligations or commitments, so again I must ask, "So what?"
I think it's the laying of foundation that will challenge the economies of the West. I see this as a negative development with further negative impact, so the West needs proactively to challenge those who want to join so they have to consider what they may lose. This BRICS thing is led by let's say not friends of the West.
Western policymakers should behave in a way that makes their counterparts in economically unaligned countries want to align with them. Challenging and threatening them would only prove the point that Western hegemony is overbearing and meddlesome.
Threatening no, challenging yes. Creating fair options. But if joining a block of anti-Western economy alliance, there should be consequences. A carrot and a stick.
