Australia's largest stock trading and investment forum Australia's #1 stock forum

GOLD

0.51%

$1,391.7 gold futures

gold, page-120104

First 120104 Last

Share
Profile

Follow
Dentie

3,336 Posts.

970

16/07/23

05:00

Post #: 68807356
Share

Originally posted by Kimu: ↑

BRICS has a few issues to sort out before rolling out
this new currency! Winnie the Poo wants more than just one friggin crumpet!!!

Suspected Agenda of ChinaReports suggest that China is using BRICS as a weapon in its quest to dethrone the U.S. dollar as the global reserve currency. The Chinese government is said to be eyeing for the U.S. dollar collapse with BRICS is believed to be the stepping stone to turn the idea into a reality. However, the other three countries India, Brazil, and South Africa seem to be sukeptical about the prospects of China dominating the world. They fear that Xi Jinping could impose his vision of the global order, when the new currency appears on the international stage.India particularly is skeptical about the intentions of China for the following reasons:India is wary of China’s power & her prowling nature, and hence wants to remain alert of thepossibility of China, a communist & authoritarian country using BRICS for her self-interest.India feels theBRICS alliance is becoming China-centricmaking the communist nation the recipient of international trade deals.India feels, Xi Jinping ledChina is trying to become a global economic and military superpower and BRICS could be the stepping stone to achieve her goal.China is pressurising several countries to settle trade using Chinese Yuanto outdo every other member of BRICS to enable China to follow her plan of action & impose Xi Jinping’s vision of the global order, once the new currency reigns on the international stage.China and India have been at odds for more than a decade now despite being together as members in BRICS. It is noteworthy that India previously banned Chinese goods from entering the country and placed a ban on Chinese apps, including TikTok, a short-form video hosting service and Shein, the Chinese online fast fashion retailer.India is therefore rightfully worried that Beijing is using the platform of BRICS for imposing President Xi Jinping’s vision on the countries of the world by dethroning the US dollar & becoming a global economic & military superpower.

Expand

Thanks for all this gobbledygook mate.

Can you please post the "source" so I can make up my own mind about the credibility of this story. Sounds like its been written by some illiterate from the end of a back alley in Bombay during a break from snake charming. Cheers!
5 Upvote

1 Great analysis

Reply

Top Stories

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

AI stocks: What to expect in 2024-25

ENR

Encounter sniffs 4% niobium across 1.6km of strike in WA

ASX Market Open: ASX tipped for flat Tuesday as steam escapes | 16 July 2024