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BRICS Group Announces New Members, Expanding Its Reach


anna_gari_maata

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Argentina, Egypt, Ethiopia, Iran, the U.A.E. and Saudi Arabia have been invited to join the club of emerging nations, strengthening its role as a geopolitical alternative to Western-led forums.

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15 minutes ago, anna_gari_maata said:

Argentina, Egypt, Ethiopia, Iran, the U.A.E. and Saudi Arabia have been invited to join the club of emerging nations, strengthening its role as a geopolitical alternative to Western-led forums.

కావాల్సిందే....మరీ అతిచేస్తున్నారు లేకపోతే! ఇలాగ ఒక్కసారి relaity check చెయ్యాలి! BRICS Currency ఎప్పుడు వస్తుందో చూడాలి! అప్పుడు కానీ రాదు అసలు మజా! 

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54 minutes ago, rushmore said:

కావాల్సిందే....మరీ అతిచేస్తున్నారు లేకపోతే! ఇలాగ ఒక్కసారి relaity check చెయ్యాలి! BRICS Currency ఎప్పుడు వస్తుందో చూడాలి! అప్పుడు కానీ రాదు అసలు మజా! 

Enduko iyala market crash ki deeniki edo link undi anipistondi

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G-7 and G-20 time epudo ayipoindi…

Emerging economies ki perfect venue BRICS. G-20 vunna it has USA and It’s allies in the group who impose sanctions on other countries, vallani kaadu ani mundalki velle situation ledu. 

BRICS is the perfect venue. Iran, Saudi and UAE kalisi vunde group idokkate anukunta…Middle East la bright spot is Iran….

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1 hour ago, rushmore said:

కావాల్సిందే....మరీ అతిచేస్తున్నారు లేకపోతే! ఇలాగ ఒక్కసారి relaity check చెయ్యాలి! BRICS Currency ఎప్పుడు వస్తుందో చూడాలి! అప్పుడు కానీ రాదు అసలు మజా! 

except currency, their declaration states everything

first they have to develop and measure trade in local currencies, I think dollar demand will go down quicker than expected

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19 minutes ago, Android_Halwa said:

G-7 and G-20 time epudo ayipoindi…

Emerging economies ki perfect venue BRICS. G-20 vunna it has USA and It’s allies in the group who impose sanctions on other countries, vallani kaadu ani mundalki velle situation ledu. 

BRICS is the perfect venue. Iran, Saudi and UAE kalisi vunde group idokkate anukunta…Middle East la bright spot is Iran….

correct, joining BRICS ensure smaller countries get a better representation than trusting western groups which work for their own interests. there is no more trust in dollar system, what happened to Russia can happen to every country ane fear started, which means every country will develop trade in local currencies. i see UPI expanding to much bigger role

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22 minutes ago, Android_Halwa said:

G-7 and G-20 time epudo ayipoindi…

Emerging economies ki perfect venue BRICS. G-20 vunna it has USA and It’s allies in the group who impose sanctions on other countries, vallani kaadu ani mundalki velle situation ledu. 

BRICS is the perfect venue. Iran, Saudi and UAE kalisi vunde group idokkate anukunta…Middle East la bright spot is Iran….

MBS+MBZ together will unite middle east, they dont need petrodollar as major consumers are in BRICS. bad days for europe

 

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54 minutes ago, pakeer_saab said:

correct, joining BRICS ensure smaller countries get a better representation than trusting western groups which work for their own interests. there is no more trust in dollar system, what happened to Russia can happen to every country ane fear started, which means every country will develop trade in local currencies. i see UPI expanding to much bigger role

Russian sanctions had immediate effect on Russian economy but US probably did not realize that this is the start of the end of dollar dominance. 

MBS and MBZ are pretty much aware that even they will be cut off from the system at some point of time. The moment they say don’t agree with US, they will face the music too. I see MBS is a clever guy and he is trying to diversity his oil shipments and trade with other currencies. UAE, Saudi and Iran can become a formidable force due to their geo location and oil wealth. If they could keep US out of negotiations, they will put up a strong front. At some point of time, I’m sure Russia will provide nuclear security to this block to prevent US from using this region as a base. 

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1 hour ago, pakeer_saab said:

MBS+MBZ together will unite middle east, they dont need petrodollar as major consumers are in BRICS. bad days for europe

 

Europe as a military and economic block is a done and dusted story. They have to open doors from Asian and African countries for care givers to work at the care homes. Population demographic have changed so much so that it’s now the continent of retired people.  
 

BRiCS still has a long way to go, another decade at least to have an impact but NDB seems to be fast catching up as an alternate lender. No way close to IMF but New Development Bank will become a good institutional lender going at the same pace. 

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1 hour ago, Android_Halwa said:

Russian sanctions had immediate effect on Russian economy but US probably did not realize that this is the start of the end of dollar dominance. 

MBS and MBZ are pretty much aware that even they will be cut off from the system at some point of time. The moment they say don’t agree with US, they will face the music too. I see MBS is a clever guy and he is trying to diversity his oil shipments and trade with other currencies. UAE, Saudi and Iran can become a formidable force due to their geo location and oil wealth. If they could keep US out of negotiations, they will put up a strong front. At some point of time, I’m sure Russia will provide nuclear security to this block to prevent US from using this region as a base. 

3 countries have nukes

Y only Russia and 2 permanent unsc too

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