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Russia has abandoned efforts to replace US dollar with Chinese Yuan meaning BRICS is dead
Posted on 11/11/26 at 1:58 pm
Posted on 11/11/26 at 1:58 pm
Loading Twitter/X Embed...
If tweet fails to load, click here. This is why the Chinese Yuan collapsed this year under Trump's economic pressure.
Posted on 11/11/26 at 1:58 pm to MrLSU
Anyone with a brain knew BRICS was ultimately going to end here.
Anyone promoting BRICS as some boogeyman should feel silly
Anyone promoting BRICS as some boogeyman should feel silly
Posted on 11/11/26 at 1:59 pm to SlowFlowPro
Posted on 11/11/26 at 2:00 pm to MrLSU
I forgot about BRICS. That was a cute idea.
Posted on 11/11/26 at 2:00 pm to MrLSU
That time when this place was all the frick in on BRICS winning 
This post was edited on 11/11/26 at 2:05 pm
Posted on 11/11/26 at 2:00 pm to MrLSU
OK, I'll buy Bloomberg.
This post was edited on 11/11/26 at 2:01 pm
Posted on 11/11/26 at 2:01 pm to SlowFlowPro
quote:
SlowFlowPro
I'm not flaming when I ask this...
Do you have an interest in running for any type of office?
It's obvious you are very into politics, but are you not THAT into politics?
Posted on 11/11/26 at 2:06 pm to RummelTiger
It's all academic to me.
Posted on 11/11/26 at 2:16 pm to MrLSU
The Iran conflict was the nail in the coffin
Posted on 11/11/26 at 2:23 pm to MrLSU
quote:Carney/Canada will step in .... BRICS will be replaced with BICCS. /s
BRICS is dead
Posted on 11/11/26 at 2:41 pm to BCvol
Outside of China, Russia settles the vast majority of its bilateral trade in Russian rubles. For Russia imports, all are settled in Chinese Yuan; for exports, around half-and-half between Rubles and Yuans.
Posted on 11/11/26 at 2:50 pm to MrLSU
To the people wondering why Iran has continued, it's this right here.
Bessent has been the best US Treasury Secretary ever.
Trump is destroying the Globalist economic system, And yes, BRICS was part of it. BRICS entire goal was to remove the US Dollar from being the sole source by which all global oil was purchased.
Bessent has been the best US Treasury Secretary ever.
Trump is destroying the Globalist economic system, And yes, BRICS was part of it. BRICS entire goal was to remove the US Dollar from being the sole source by which all global oil was purchased.
Posted on 11/11/26 at 2:52 pm to riccoar
quote:
Trump is destroying the Globalist economic system, And yes, BRICS was part of it.
wut
Posted on 11/11/26 at 2:56 pm to BCvol
quote:
The Iran conflict was the nail in the coffin
Correct. Their allies didn’t support Iran. It was a huge hit to this when that happened. This will further weaken Iran and a huge win for the US.
Posted on 11/11/26 at 2:58 pm to riccoar
BRICS was an attempt at defeating globalism.
If the idea of BRICS is truly dead, then it is a win for globalism and the current world economic order.
If the idea of BRICS is truly dead, then it is a win for globalism and the current world economic order.
Posted on 11/11/26 at 2:59 pm to JimEverett
BRICS was an attempt to hurt the US. It failed and will now hurt China and Iran the most.
Posted on 11/11/26 at 3:01 pm to DeBoar
quote:
BRICS was an attempt to hurt the US.
Yes, which may or may not mean it's an attempt to fight globalism.
BRICS is led by Russia and China, the 2 biggest opponents to most forms of the term "globalism"
Iran is #3
Venezuela was 4 and North Korea is 5
Posted on 11/11/26 at 3:02 pm to SlowFlowPro
quote:
Anyone promoting BRICS as some boogeyman
So hot around 2022 or so
Posted on 11/11/26 at 3:10 pm to SlowFlowPro
Right.
I am wondering why this is controversial or debatable.
The global economic order runs on the dollar. Trying to disrupt the dollar as a world currency, specifically the petro-dollar is an attack on the global order.
Weren't some Promethians (?) even stating this.
Regardless, if you want to end globalism (meaning the current world economic order) then the dollar cannot be the standard global currency.
I am wondering why this is controversial or debatable.
The global economic order runs on the dollar. Trying to disrupt the dollar as a world currency, specifically the petro-dollar is an attack on the global order.
Weren't some Promethians (?) even stating this.
Regardless, if you want to end globalism (meaning the current world economic order) then the dollar cannot be the standard global currency.
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