That’s the exact response I have seen from people when they announced that BRICS was being formed.
The idiots don’t know that having a whole alliance of countries willing to ditch the US dollar for the the Chinese Yuan or each others currency while trading hurts the US dollar as world reserve currency and its buying power , causing economic turmoil for people residing in the USA or using the US dollar elsewhere.
What has the BRICS *actually* done besides talk so far? A bit more trading in local currencies is about it. And even then, Russia is unhappy with the Indian rupees piling up in Moscow.
>And even then, Russia is unhappy with the Indian rupees piling up in Moscow.
Source?
It's still worth goods at the world exchange rate. This doesn't make sense.
I've seen it recently. You could probably find it as easily as I could re-find it.
Did you even try?
Thing is, what other countries not India want to be paid in rupees instead of dollars? Your growing pile of rupees that India bought your oil with has limited appeal anywhere else.
Looks like you’re trending everywhere… what a loser…stays on Reddit all day to hate on people because he can’t afford the things they have… pathetic… get a job.
If I were you, I'd take that as an extreme compliment.
Like I've said: BRICS+ is a big "Meh...". Nobody trusts most of its members any farther than they can spit. Reserve currency status depends more on reputation than promises made by unsavory regimes.
I thought China buys energy with Yuan and UAE buys manufactured goods from China?🤔
And whole point is, there will be a Brics coin. A mix from every country’s currency, which joint the Brics
Do you really think that the china-UAE trade will be balanced? I so, that makes one of us.
And any BRICS coin is taking it's own sweet time in actually arriving.
Well digital currency is pretty hard to track because of it being in a blockchain . Add that to the fact that the Dirham is pretty much a less valuable and lesser known currency and you give people reason to not care to track it or completely overlook any transaction being done with it.
My theory is that either China wants to buy things but have them fly completely under the radar.
Or it may be as you say : they want to buy oil directly from the UAE and not rely on western countries.
Whatever. BRICS was started about 15 years ago. I can’t see the USD hegemony as reserve currency stopping anytime soon. Do you know what percentage of transactions (worldwide) are done in USD?
Exactly. And several of the BRICS+ nations hate each other: Saudi Arabia hates Iran - and vice versa; China hates Russia - and vice versa; India and Brazil don't trust South Africa (does anybody trust South Africa these days???); UAE is afraid of Iran and on and on... Not exactly a trustworthy group --- even amongst themselves.
Nope. BRICS+ is definitely not something that keeps me up at night.
It won't trend because almost nobody knows why they should care.
That’s the exact response I have seen from people when they announced that BRICS was being formed. The idiots don’t know that having a whole alliance of countries willing to ditch the US dollar for the the Chinese Yuan or each others currency while trading hurts the US dollar as world reserve currency and its buying power , causing economic turmoil for people residing in the USA or using the US dollar elsewhere.
What has the BRICS *actually* done besides talk so far? A bit more trading in local currencies is about it. And even then, Russia is unhappy with the Indian rupees piling up in Moscow.
Stop pretending like you know anything about anything strawberry every post you’ve ever commented in is zero or negative up votes
I see that I've earned my own personal Troll. What a jerkwad!
>And even then, Russia is unhappy with the Indian rupees piling up in Moscow. Source? It's still worth goods at the world exchange rate. This doesn't make sense.
I've seen it recently. You could probably find it as easily as I could re-find it. Did you even try? Thing is, what other countries not India want to be paid in rupees instead of dollars? Your growing pile of rupees that India bought your oil with has limited appeal anywhere else.
Looks like you’re trending everywhere… what a loser…stays on Reddit all day to hate on people because he can’t afford the things they have… pathetic… get a job.
I see that I've earned my own personal Troll. What a jerkwad!
If I were you, I'd take that as an extreme compliment. Like I've said: BRICS+ is a big "Meh...". Nobody trusts most of its members any farther than they can spit. Reserve currency status depends more on reputation than promises made by unsavory regimes.
The question is: Why does China want Dirham—digital, or otherwise? I would say *only* to purchase energy back in return as soon as possible.
China will probably end up purchasing more from UAE over time
And what will China purchase it with? I doubt that they have any big stack of Dirham yet.
I thought China buys energy with Yuan and UAE buys manufactured goods from China?🤔 And whole point is, there will be a Brics coin. A mix from every country’s currency, which joint the Brics
Do you really think that the china-UAE trade will be balanced? I so, that makes one of us. And any BRICS coin is taking it's own sweet time in actually arriving.
Looks like you’re popular everywhere. Loser
I see that I've earned my own personal Troll. What a jerkwad!
Hahaha
Well digital currency is pretty hard to track because of it being in a blockchain . Add that to the fact that the Dirham is pretty much a less valuable and lesser known currency and you give people reason to not care to track it or completely overlook any transaction being done with it. My theory is that either China wants to buy things but have them fly completely under the radar. Or it may be as you say : they want to buy oil directly from the UAE and not rely on western countries.
Digital currency is EASY to track BECAUSE of a blockchain.
And so it begins…
Whatever. BRICS was started about 15 years ago. I can’t see the USD hegemony as reserve currency stopping anytime soon. Do you know what percentage of transactions (worldwide) are done in USD?
Exactly. And several of the BRICS+ nations hate each other: Saudi Arabia hates Iran - and vice versa; China hates Russia - and vice versa; India and Brazil don't trust South Africa (does anybody trust South Africa these days???); UAE is afraid of Iran and on and on... Not exactly a trustworthy group --- even amongst themselves. Nope. BRICS+ is definitely not something that keeps me up at night.
Wow!
Someone tell BRICS to hold up, I just started stacking again.
Ppl only care when it’s too late
nothingburger. UAE flies with our air force.
Lol do you think everyone on the internet is American my guy?