I'm worried that Biden's policies will have unforeseen consequences. The neocons had a plan to 'bleed Russia white' by sucking Russia into a conflict in Ukraine, and then because Russia has only 3.5% of the GDP of NATO, and a tiny fraction of the military expenditure of the US, Russia is likely to agree to break up as a repeat of the 1989 break up of the USSR as it quit the cold war.
If Russia did not capitulate then it would end up short of weapons and men (bled white). As we know from the news, Russia has been losing every day for the past 700+ days of the war and is now down to just pitchforks and grandmothers - grandmothers with pitchforks. But what if there is another path for conflict, an economic one. Russia is a member of BRICS - a large trading bloc. We got a war started with Russia 13 months into Biden's reign, and are also threatening China. Are we likely to be excluded from BRICS in the future? I looked it up and both Russia and China are key members of BRICS.
If China and Russia want to exclude the world's largest economy it the damage to the US economy as Arthur Dent was warned about the bulldozer, will be "None at all." China excluding the US as a trading partner? AIN'T GONNA HAPPEN!
LOL wouldn't matter. Isn't like there is a lot of direct trade between the US and Vladland these days
I don't think the US being excluded from BRICS would really hurt the US much. Except for two hugely major things: oil, and the US being able to maintain its status as having the world currency. Both of these could contribute to some high inflation levels in the US. And that, along with the interplay it would have on the US national debt, is probably the greatest military threat to the US, long-term. Obviously the greatest blow to US military power would be not being able to pay for things. Inflation itself would reduce the government's purchasing power, but there is the danger inflation could have of triggering a death spiral of high interest rates, leading to a need to print more money to be able to maintain the obligations on the national debt. One of the reasons the US had to back out of the Vietnam war was because it was causing too much inflation, and it eventually led other countries to stop pegging their currencies to the US dollar, because they realized they were ending up having to pay for US military spending.
Part of the intention of BRICS is to implement and use a trading currency other than the US dollar. The biggest reason it was proposed was as an alternative to the US dollar. So in that sense, the US would be excluded by definition.
The Biden Administration's policy of weaponization of the US dollar against Russia, and high inflation of the US dollar, could drive and accelerate the move away from the US dollar in international trade. This would mean the US would no longer be able to print as much money to pay for things without that causing much more inflation.
If there were two countries I would good relations with, if possible, they are Russia and China. Biden and the Neocons think otherwise.
Yes, it's likely that Russia will eventually become a nation of women if all the men die fighting in Ukraine. As far as the USA being excluded from the BRICS economic block, I will say this: it looks like international commerce is a costly endeavor. There is a global economic downturn where it costs more to play the game than it's worth. I'm sure the USA thanks China and Russia for taking away some of the cost of international commerce as they helped spread the cost around their economic block. It might even be said that the USA wouldn't even survive the current and coming economic crisis of international banking if they had to be the only economic block in the world. And Russia and China definitely wouldn't have created their international trading block if they knew the real cost. I can't wait to see the look on the BRICS's faces when they see the bill for it when it all comes due.
Personally.... I am hopeful that the entire USA situation will be transformed within one year....... so over the short term yes.... Biden's policies would tend to keep the USA out of BRICS but....... I believe that one year from now we will be in awe at how everything has turned around in so many ways?! [HaShem and The Being of Light of near death experience fame willing]????!!!!
I voted "yes", only because the BRICS countries would very likely reject the continuance of the United States being the only 'reserve currency' of the world, and other aftermath features of the Bretton-Woods Accords of 1944. The U. S, was able to stuff Bretton-Woods down everybody else's throats back in the final months of WWII because we were really "the only game in town", and that if the world was going to prosper after the war, it would have to be in line with whatever America wanted. It was nice to be us, but as time went on, it sucked to be somebody else.... We wanted a LOT from the 'weak sisters', and we got it... but I doubt that the BRICS countries want any more of our domination.
The main problem with BRICS is none of those countries which compose it can really be trusted with keeping the integrity of a currency. Each of the countries is either very Socialist-leaning (Brazil, India, China) or does not have the strongest track record respecting property rights (Russia, in which the real power is highly concentrated, and large companies have been seized in the past, and China). And they are all the type of countries at risk of using inflation to pay for things in the future (India, China, and now Russia because of the war), not a reliable country to be in control of a world reserve currency. The main thing going in favor of BRICS is simply the increasing unreliability of the U.S. dollar. The recent high rates of inflation seen in the U.S. and the targeted weaponization of the U.S. dollar and financial system against certain countries is the main thing that is giving strength and impetus to BRICS. Other parts of the world may turn increasingly to BRICS to get away from the U.S. dollar, since there is really no other alternative.
BRICS = Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates. So, yeah, US is not part of it, and has never been. Which BRICS currency do you find more reliable? Russian ruble? Chinese Yuan? Indian rupee? Anti-US folks have been predicting the fall of the USD since the 1970s, but their dream isn't any closer today than then.
"The renminbi is by far the most commonly used BRICS currency, and a variety of policy efforts in 2023 involving BRICS countries and recent BRICS invitees profiled earlier in this paper signal Beijing's aim to further grow the currency's global use." Link: https://carnegieendowment.org/2023/..., the renminbi,grow the currency's global use.
