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> Whats your beef with BRICS? There should be competition in the world against the US dollar. Well, there's the EUR and JPY, and to a certain extent the GBP.

> Whats your beef with BRICS? There should be competition in the world against the US dollar. Well, there's the EUR and JPY, and to a certain extent the GBP. As for BRICS: > Pretty straightforward really. You combine Brazil's history of monetary stability, with Russia's respect for property rights, India's domestic tranquility, China's financial transparency, and South Africa's investment opportunities - and hey presto, you've got a new global money * https://twitter.com/davidfrum/status/1665053372402081792 https://twitter.com/davidfrum/status/1665053372402081792

roenxi 2y ago
When I think 'competition' I'd usually expect it to be from organisations that aren't hosting US military bases. The EU and Japan are in a poor position to resist the US when it insists on something stupid. > https://twitter.com/davidfrum/status/1665053372402081792 https://twitter.com/davidfrum/status/1665053372402081792 There is a lot of precedent for taking unreliable components and gluing them into a reliable system, the complaints he makes aren't strong ones. Also, the format reminds me of that famous joke [0] about all country stereotypes have strengths and weaknesses. [0] Heaven is where the police are British, the cooks are French, the mechanics German, the lovers Italian and it's all organised by the Swiss. Hell is where the chefs are British, the mechanics French, the lovers Swiss, the police German and it's all organised by the Italians.
saturn8601 2y ago
EUR and JPY each have their own issues. Again i've said this a ton of times now but I don't expect BRICS to succeed but its existence may help to start a shift or at least check the US in blunting some of its more severe actions.
6510 2y ago
> Well, there's the EUR There was, until you blew up our gas pipe. It will take some time to clean up and fix the house. Next time we throw a party you are not invited. > to a certain extent the GBP. https://www.economicshelp.org/wp-content/uploads/2017/06/uk-manufacturing-share-gdp.jpg.webp https://www.economicshelp.org/wp-content/uploads/2017/06/uk-... :(
- saturn8601 2y ago
  See? This is what I was talking about. How can BRICS be criticized for at least trying when shenanigans like this happen in the world?

roenxi 2y ago

When I think 'competition' I'd usually expect it to be from organisations that aren't hosting US military bases. The EU and Japan are in a poor position to resist the US when it insists on something stupid. > https://twitter.com/davidfrum/status/1665053372402081792 https://twitter.com/davidfrum/status/1665053372402081792 There is a lot of precedent for taking unreliable components and gluing them into a reliable system, the complaints he makes aren't strong ones. Also, the format reminds me of that famous joke [0] about all country stereotypes have strengths and weaknesses. [0] Heaven is where the police are British, the cooks are French, the mechanics German, the lovers Italian and it's all organised by the Swiss. Hell is where the chefs are British, the mechanics French, the lovers Swiss, the police German and it's all organised by the Italians.

saturn8601 2y ago

EUR and JPY each have their own issues. Again i've said this a ton of times now but I don't expect BRICS to succeed but its existence may help to start a shift or at least check the US in blunting some of its more severe actions.

6510 2y ago

> Well, there's the EUR There was, until you blew up our gas pipe. It will take some time to clean up and fix the house. Next time we throw a party you are not invited. > to a certain extent the GBP. https://www.economicshelp.org/wp-content/uploads/2017/06/uk-manufacturing-share-gdp.jpg.webp https://www.economicshelp.org/wp-content/uploads/2017/06/uk-... :(

saturn8601 2y ago
See? This is what I was talking about. How can BRICS be criticized for at least trying when shenanigans like this happen in the world?