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Will the BRICS currency affect the US dollar?

Link Copy 2024-12-07 13:11:47

Prediction

Even if there is a currency, no one will abandon the dollar, the further dominance of the dollar depends on the United States itself.

Reason

Russia, China, India and other countries accept the dollar and do not plan to abandon it 100%, settlements are also carried out in terms of dollars. The well-being of the dollar depends on the United States itself, if they act from a position of strength, then the rejection of the dollar will accelerate and a new currency will be issued. The BRICS countries will be more active in expanding trade in national currencies, as the use of the dollar as a sanctions stick has undermined confidence in it

Even if there is a currency, no one will abandon the dollar, the further dominance of the dollar depends on the United States itself.

Most likely, the BRICS will have to abandon India. Since she does not like to trade for the yuan, she does not want to give up the dollar. Because of this, the decisions of the BRICS groups, including the creation of a currency, are very difficult, at least that's how it is presented in the news. If the BRICS currency is backed by real resources, including land and rare earth metals, Russia will regret it in the future. Because it will not be able to compete with China, which will eventually be able to demand land in exchange for currency.

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What will happen to the frozen Russian assets?

Link Copy 2023-02-05 21:13:12

Prediction

They will be confiscated

Reason

The US Department of Justice began to confiscate the money of Russians - this became possible by court decision. He completed the trial in the case of Russian businessman Konstantin Malofeev, who was accused of circumventing sanctions.

They will be confiscated

The withdrawal of these funds will prevent other countries from relying on the United States in the future.

References

Accuracy 20

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Will there be a war between Russia and China?

Link Copy 2023-01-31 08:42:34

Prediction

Yes, in 2055

Reason

China intends to become a leading world power. To do this, he needs resources and a territory where he can live. Russia has it all.

Yes, in 2055

Russia will unite with Mongolia and defend its sovereignty.

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Will Russia be able to carry out import substitution of electronics by 2030?

Link Copy 2022-12-12 08:25:20

Prediction

If we are talking about the purchase of obsolete equipment, then yes. If we are talking about the production of semiconductors with 0, then no.

Reason

Lack of specialists. There is a critical dependence of the design and production processes on foreign technologies, including software, and materials (in particular, high-purity chemistry and silicon). Low investment attractiveness of the industry. Lack of production capacity.

If we are talking about the purchase of obsolete equipment, then yes. If we are talking about the production of semiconductors with 0, then no.

3.19 trillion rubles will be enough only to buy obsolete equipment. ASML spent $6 billion a year to become an industry leader. But she had specialists, there were no sanctions and there was no urgent need. In the current situation, the amount needs to be tripled.

References

Accuracy 30

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