BRICS

Yep. We're all conspiracy theorists until a year or two goes by. Lots of sheep with head in the sand.

Lol!

You're obviously not paying attention.

MBS, the Saudi crown prince, has been shifting their economy away from oil for the last few years. It makes sense to diversify their economy as much as they can so that not all of their foreign reserves are held in dollars. That is part of the impetus driving central banks to buy gold with their dollars and Euros. That reduces the west's ability to impose sanctions on rogue nations.

The BRICS are unlikely to become much of an economic force in the world since their individual nationalist goals do not remotely align with one another. None of them is willing to relinquish national sovereignty to the degree needed to be successful as a group. Certainly none of them trust each other. Their attempts to establish competition to the World bank and the IMF have been a laughingstock.

https://www.wsj.com/articles/a-bank...h4&reflink=desktopwebshare_permalink

Just give it time. You'll see buddy.

The money will be online no more cash.

Do you think that ALL other countries have to import U.S. agricultural commodities to survive...?


And the situation really isn't what's going to "replace" the USD when buying and selling oil but if SA, for example, is willing to take other currencies, such as the Yuan (the common name for the Chicoms' currency) for their petrol product. The risk that the Saudis would take by doing this is finding some entity willing to take their now accepted Yuan and turn them back into USDs to trade with the U.S. or other western powers or place into U.S. financial markets. After all, fiat is fiat, its only intrinsic value is that others believe it has worth.

https://en.wikipedia.org/wiki/Renminbi

No, not all other countries need to import U.S. agricultural products....But, many of those in question are particularly vulnerable.

Sure, you can shuffle currencies, and food stuffs to get around the dollar, or embargo's.... But here is the thing...The U.S. will never accept another country having the reserve currency.

As White touched on, the sanction power alone will be worth fighting for as a national security interest, and the first turkey who steps up to take it, will be a cooked bird.

But all that aside, it's a major trust issue...The world doesn't trust those countries with their $$, and SA won't either for long because they will get burned in time.

Ky.c.hunter. what about all the things we get from other countries? We get lots of our products including medication from China. We don't hold all the cards anymore.

Brazil is a agricultural powerhouse and has potential to be an even bigger player. Brazil has 600 million acres of arable land with only 170 million being utilized currently. There is a lot of opportunity to expand production in Brazil. If the U.S tries to starve a BRICS country Brazil can almost certainly step in.

I think we hold enough, all you hear anymore is the U.S.A. "can't" do this or that, so much defeatism talked right here within this country it's ridiculous.

Medicine?...Drug companies buy it from China because it's cheap, but I would gladly pay more for medications not from China...In fact I don't want any medical products from China in any form...It's that trust issue again.

Yes, it would hurt for a while, but breaking the cheapest option from rogue nations would make us stronger, and them weaker in the long run, IMO....

What about food?...Does China need our food more than we need their goods?

Well, those crops just might not make it to market...Funny how the best layed plans can fall apart.

The U.S. will never allow it, not going to happen if it threatens the status of the reserve currency, IMO.

So in other words you are calling for WW III.

If the dollar fails it will be the fault of only one country.

I'm not interested in sending my kids off to war because the U.S couldn't get it's finances in order and lost it's status as a financial safe haven.

Stop putting words in my mouth, I believe in fighting fire with fire & not rolling over...But what I'm telling you is what I think the U.S. Government will do... I'm not calling for WW3, but that could be the eventual result.

Anyone who thinks our government will give up control of the reserve currency is in serious denial, and it's just not happening IMO....Especially a mismanaged government, because they would throw us all under the bus to stay in power.

That's exactly right. The powers to be in the good ole US of A (some are not on our land) can't let go of the reserve currency because the debt-based financial system house of cards WILL COLLAPSE. The Wiemar Republic in Germany didn't last long but it was a view of what might happened here. The Germany of the early 1920s didn't have all the social issues that we have now. No, the war in Ukie land is mostly not about Ukrainian "democracy" but about challenges to global financial hegemony. And we're along for the ride...

Your all over it it NonPCfed!

Ukraine is/or was given the the war with pooty-poot, the major breadbasket of europe.

As for the USA being able to stop this...by what means would we have for this that our current administration have(and be willing to use)to do so?