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83 sats \ 2 replies \ @freetx 21h \ on: Can you imagine if BRICS had any real clue? econ
Absolutely correct. BRICS is just the dumbest kids in the room playing at being grown ups.
The real true comedy is they are about to completely destroyed by the coming hyper-dollarization wave that stablecoins will bring.
No one needs a Brazillian Real, or a Rand, etc...all those currencies must go away. In the end it will be better for their citizens to just use USDT or USDC on their phones....
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41 sats \ 0 replies \ @Undisciplined 19h
BRICS is just the dumbest kids in the room playing at being grown ups
This has always been my reservation with BRICS. Look at how poorly the EU manages it's joint venture. Those countries have so much more common ground to work from and established institutions to build off.
The BRICS nations will never be able to sustain a high degree of cooperation.
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25 sats \ 0 replies \ @Solomonsatoshi 19h
Wouldn't go quite that far- does anyone really know how much trade is now being enabled via Chinas CIPS and mBridge digital payments?
We do know that Iran, Russia and N.Korea have been making most of their trade payments via Chinas alternative arrangements... And we do know that Saudis have signed up to mBridge...
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