Comments by "looseycanon" (@looseycanon) on "The BRICS Are a Scam and Will Never Beat the Dollar | @visualeconomiken" video.

  1. Well... Let me put it this way... US Dollar is not threatened by the BRICS... it is threatened from the White House.
    1
  2. Not at all. Ever heard about secondary sanctions? Issued for instance for facilitating evasion of sanctions? The moment a major member would get sanctioned, the entire group becomes endangered and they'll jump ship. The only reason, why it didn't happen yet, is that Russia is too small a member to allow for it, but if China were to do the same, or if Russia were an equal to China... Good bye BRICS, because collateral damage from denying the West trade with any other member would not even be felt.
    1
  3. Oh, there is potential. Make no mistake. If BRICS turned itself as a regulatory integrator, alligning bureaucracies for international trade and maybe coordination of tariffs between members, there's a lot it could do. Russia is a major energy hub (well, was, until they couldn't export Westwards and because they never built infrastructure to go the other way), plus it has a lot of lumber and lumber products to export. Russia is also the largest exporter of wheat (well, at least was before the war). South Africa is well positioned for copper mining and processing, which China and the rest of the world needs for the energy transition. Brazil has potential for agriproducts and lumber. India is becoming a major manufacturing hub, it's population is significantly younger than China, plus it's close to Arabian peninsula, so easy access to oil from there, which will not be thratened by any terrorist groups, given Iran is part of the pact right now. China is China. There's a lot of demand for some products there, thought his will be diminishing with aging population... There's a lot of potential there, that is being squandred, because the participants haven't properly committed to the idea.
    1