Quote from: Oerdin on December 30, 2023, 10:01:57 PMIt really doesn't matter as BRICS doesn't do anything of substance.  It is literally a photo op.

I remember last year the world was waiting for the much publicized & ballyhooed BRICS Currency, but a year later?



We're still waiting.

If it's gonna dethrone the USA dollar, they also have another competitor to deal with....Bitcoin. and they have gotten quite a head start over this proposed BRICS currency.

So far, the BRICS currency has just been smoke and mirrors.

Only idiots thought there would be a BRICS currency.  India said from the begining it didn't want any currency union, China demanded everyone just adopt its crap currency, Russia demanded it's currency which no one wants, and South Africa suggested gold which no one could afford

None went into an details at all.  That is because BRICS is nothing more than a phot of and nothing more.  They don't even trade with each other.  They literally have never made any meaningful agreement on anything.

Quote from: Oerdin on February 24, 2024, 10:03:37 AMOnly idiots thought there would be a BRICS currency.  India said from the begining it didn't want any currency union, China demanded everyone just adopt its crap currency, Russia demanded it's currency which no one wants, and South Africa suggested gold which no one could afford

None went into an details at all.  That is because BRICS is nothing more than a phot of and nothing more.  They don't even trade with each other.  They literally have never made any meaningful agreement on anything.

Those economies are too diverse and too separated from each other to have any real form of economic integration.

They were always just a list of countries recommended to bond investors in the year 2000 for investors who wanted to diversify bond holdings outside of the west.  That is it.  That was all the American economist who invented the term meant by it.

Quote from: Oerdin on February 24, 2024, 10:03:37 AM..... and South Africa suggested gold which no one could afford

...of those nations, the one to keep on eye on is South Africa.

Rich in minerals such as gold and platinum but not well run nor politically & economically stable.


That's why I think commodities is the place to be for future growth. And if something happens there then the prices could shoot up.

Quote from: JOE on February 24, 2024, 12:33:19 PM...of those nations, the one to keep on eye on is South Africa.

Rich in minerals such as gold and platinum but not well run nor politically & economically stable.

That's why I think commodities is the place to be for future growth. And if something happens there then the prices could shoot up.

LMFAO!!!!

The only thing getting rid of Apartheid did was make the ENTIRE country a shithole! They took that model and exported it world wide.

The three most repeated myths are cutting government spending on pet project hurts working men and women, mass immigration has more pros than cons, and racism is systemic.

Tommy Douglas is no longer in politcs. Government spending today only benefits friends of the government in power. Those are people that need it the least. They take our money and give it to overpaid bosses at the CBC for example.

Real socialist want a growing prosperous blue collar working class. Taking our money and giving it to fat cat civil service bosses, corporate lobbyists for green energy/electric cars, and special political interests does not improve any wage earners life. You know what will? Cutting that spending and letting working people keep their own money.

Quote from: Lokmar on February 24, 2024, 01:48:54 PMLMFAO!!!!

The only thing getting rid of Apartheid did was make the ENTIRE country a shithole! They took that model and exported it world wide.

Yeah but that's besides the point, Lokmeer.

No matter how you feel about that country, it still has something like 90% of the world's platinum supply, and a huge chuck of other commodities like gold and diamonds.

It is one of the most mineral rich nations on earth.

And of course if it becomes unhinged or destabilized, I believe prices of key commodities could shoot up.

Have a look:

https://www.madisontrust.com/information-center/visualizations/which-countries-product-most-gold-silver-and-other-precious-metals/

Quote from: JOE on February 24, 2024, 02:30:07 PMYeah but that's besides the point, Lokmeer.

No josephine, the point is, its a fucking shithole because they butchered whitey and kicked him out of everything. They have the worlds riches underground but are too fucking corrupt and stupid to turn it into anything.6

And they're doing the same thing everywhere whitey lives now.

Quote from: Oerdin on February 24, 2024, 10:03:37 AMand South Africa suggested gold which no one could afford.

I've read or heard that a Gold standard would not be sustainable. It was the dominant standard a few centuries back but it was abandoned.


Also, when it was dominant, economic instability, panics and economic depressions were prevelant and long lasting too. For example, the USA went through a depression after the Civil War which lasted for 20 years.

Quote from: Tommy Douglas on February 24, 2024, 02:24:27 PMThe three most repeated myths are cutting government spending on pet project hurts working men and women, mass immigration has more pros than cons, and racism is systemic.

Tommy Douglas is no longer in politcs. Government spending today only benefits friends of the government in power. Those are people that need it the least. They take our money and give it to overpaid bosses at the CBC for example.

Real socialist want a growing prosperous blue collar working class. Taking our money and giving it to fat cat civil service bosses, corporate lobbyists for green energy/electric cars, and special political interests does not improve any wage earners life. You know what will? Cutting that spending and letting working people keep their own money.

Negative reactions to sustainable spending are more obvious back in Canada. When any provincial government said they would hold spending to zero or even cut it one or two percent for one year, the headlines would always include the words draconian. We were promised the sky would fall on health care, public education, wind and solar subsidies and municipal budgets. They never did.

Ottawa and the provinces have a lot of lard in their budgets that would not be noticed by the average Canadian if they were eliminated.

The problem with health care and education, which are both provincial areas of responsibility, is that grossly overpaid boards of people who are not teachers or health care providers determine how the money is spent. They will increase class size or cut overtime for nurses rather than give up their bonuses in years of belt tightening.

In Ottawa, no government has actually cut spending since the first two terms of Jean Chretien. The Harper government only held the line on spending after Canada came out of the global financial meltdown. In both cases, it was provincial transfers that were either cut which forced provincial governments to find efficiencies.

Quote from: JOE on February 24, 2024, 08:18:19 PMI've read or heard that a Gold standard would not be sustainable.

You're an idiot and you managed to find an idiot just like yourself except he made a retarded video. Guess that makes you smarter than him!