What will happen at the BRICS meeting?

2023-06-13 08:15:07

Expansion and increase in the share of the NDB

The BRICS Bank intends to finance more projects in national currencies to strengthen the local market and protect borrowers from the risk of currency fluctuations. Currently, the share of relevant projects in national currency in the bank's total project portfolio is about 22%, the NBR president said, adding that the bank intends to increase this figure to 30%. Currently, five BRICS countries are members of the EBRD, as well as Bangladesh, the United Arab Emirates and Egypt. Uruguay is already in the process of joining.

The BRICS summit will be followed by a powerful geopolitical shock wave for which the world will not be ready. The Western world will not be ready.

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What came first the chicken or the egg?

2023-07-13 06:12:10

Egg

The first amniotic eggs appeared about 340 million years ago, while the first chicken appeared only about 58 thousand years ago.

The first chicken appeared as a result of a genetic mutation that occurred in a zygote created by two near-chickens. So the two proto-hens mated, fusing their DNA to form the first cell of the first true chicken.

What came first - the chicken or the egg: the answer to the riddle of the century is found

How is the reduction of personnel in different countries of the world related to artificial intelligence?

2024-07-26 06:33:22

Fighting AI is just an excuse

In general, the motives of companies can be reduced to one thing: an economic downturn

This is convenient to blame your economic failures on AI. No one told us how they would fight the AI.

How to speed up dedollarization?

2023-05-08 07:42:30

Trade resources for local currencies, tie prices to gold or rare metals, trade only your own securities on the market, make the currency freely convertible

If Beijing wants to make the yuan the world's reserve currency, then it will have to first go for financial liberalization. In theory, the dollar can also be replaced by a system that is not based on a specific national currency. In this case, gold or cryptocurrencies can become a universal means of payment.

If investors begin to massively get rid of dollar assets and return the American currency to their homeland, this will provoke a surge in inflation in the United States and a potential debt crisis. The problems of the USA will spread to the financial markets, which are still dependent on the dollar, and will cause a new round of the global economic crisis.

Is collapse inevitable? Can the Ukrainian crisis deprive the dollar of its reserve currency status?