LOL. The US has been SA's security guarantor since the 1930s. Currently, that means global shipping lanes, logistics, weapons sales, keeping Iran in check, etc. Their casual date with BRICS is about their fear of the US leaving the region as the petrodollar fades. They're a theocratic monarchy, surrounded by theocratic monarchies. What Biden says in public and does in private are two different things. He recently signed two massive arms deals to SA, angering his own Party, one of them for the latest generation Patriot Missiles. Saudi Arabia is running around Europe and the US offering tax-free jobs, golden visas, and home ownership. I was offered one as a database architect for a firm there. Follow the money, not the cheap Twitter political takes.

Do you even understand what you're saying here coinosphere? Will a global bond market magically spring up in SA, and their Riyal volume in Forex markets explode and form the quote price on what base currency? Their economy is based on oil, which is no longer the fastest expanding form of energy, and it has a variable price. They are already in danger of spending down their Sovereign Wealth Fund, and Vision 2030 must work. Do you know what UBI is? SA's been running massive UBI since 2017, called the Citizen's Account Program. They needed this to avoid the type of social unrest that ends monarchies, if you know what I mean.

What? An immediate end? What podcaster is this desperate for listeners? There's always a trade leg in Forex involving the USD somewhere. But that's not the important thing, the velocity of the petrodollar's decline is based on the velocity of green energy's expansion. So don't get too excited, there's some time left.

Population is irrelevant. Demographics are relevant. So is the cost of capital. So is skill. You're describing a liability trying to make it sound like an asset in a future automated world. BRICS all hate each other and come to every conference with a list of grievances. Adding members to BRICS is the fastest way to ensure they accomplish nothing. Brazil has never traded with another BRICS nation besides exports to China. Their GDP has been falling steadily since 2011. South Africa is an irrelevant player with big social problems, and they don't need BRICS, they need water. China has a rapidly rising cost of capital and disastrous demographics. Russia's demographics and cost of capital were terrible before the war. What the BRICS need is a complete overhaul of their country's leadership, especially the closed-source one-person BRICS governments.

If BRICS were software, we'd call it vaporware. I'm glad you're on Stacker News so I can set you right coinosphere.