this post was submitted on 20 Jul 2023
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[–] kokiriflute@lemmy.world -2 points 1 year ago* (last edited 1 year ago) (1 children)

Brics are too incompetent to accomplish de-dollarization (or much of anything else). Lately Russia has only been making the dollar stronger. Nice fantasy though.

[–] redtea@lemmygrad.ml 0 points 1 year ago* (last edited 1 year ago) (1 children)

Time will tell.

Edit: This report shares your dismissal of BRICS (well, of any competition), but contradictorily warns of a decline of the dollar's share.

But this report suggests that BRICS poses a real threat to the dollar.

[–] kokiriflute@lemmy.world -2 points 1 year ago (1 children)

Keep ignoring the FOREX charts and move to a BRICs country if you're so confident they will succeed. Surely nothing could go wrong!

[–] redtea@lemmygrad.ml 0 points 1 year ago* (last edited 1 year ago) (1 children)

That's a very strange thing to say. [Edit: especially considering that we started off with me clarifying that I completely agree with you about the contribution of corporations. Unless you're just being contrarian.]

Remember the context of all this is what people everywhere need to do to save the plan[e]t and human society. I'm not gleeful that the end of dollar hegemony will plunge the west into recession and devastate living standards.

I'm just stating that it's happening. Either climate change destroys life as we know it or the planet transitions to a sustainable political economy—currently, BRICS is making moves to bring that possiblity a step closer.

But I'm not necessarily a third worldist; I'm not saying that actions taken in the third world will automatically usher in a new world order. I'm saying it's one (albeit significant) aspect in the real movement to abolish the present state of things, i.e. the definition of revolution.

[–] kokiriflute@lemmy.world 0 points 1 year ago (1 children)

You believe that BRICs will succeed in usurping the dollar, but you're not willing to move to one of those countries? You don't even believe what you're saying.

You're sitting on a computer in a western country writing up fantasies about countries you don't live in, don't want to live in, and don't actually believe will bring about positive change. Your actions show that you're not quite dumb enough to believe the garbage coming out of your mouth.

[–] redtea@lemmygrad.ml 0 points 1 year ago (1 children)

I'm going to call it a day here before this conversation becomes any more tedious.

[–] kokiriflute@lemmy.world -1 points 1 year ago (1 children)

"BRICs is going to topple the dollar!"

"I'm not going to change my money to a BRICs currency and move to one of their countries!"

Glad I could show you the blatant flaws in your logic. Feel free to continue enjoying all the liberties of living a western country while whining about it.

[–] redtea@lemmygrad.ml 1 points 1 year ago

You know, Camus, conversations go a lot smoother if you don't make things up about the other person.