Will the BRICS currency affect the US dollar?

2024-12-07 13:11:47

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

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

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.

What will the armed conflict between Cambodia and Vietnam lead to?

2025-07-26 14:55:59

In the near future, the clash will be curtailed to its previous state - before the start of the shelling.

The armies of both countries are not ready for a major war. It is not beneficial for the parties to continue the conflict, as their economies are focused on tourism, and it will soon be resolved.

Thailand is a highly pro—American country that has been supported by the United States since the Vietnam War. As for Cambodia, this state is in the orbit of China's influence. US-China relations are at a stage of growing tension, the trade war has been put aside, but it has not ended at all, and the situation in Taiwan and the South China Sea is noticeably worsening. Therefore, Cambodia has decided that China will now support it.

Is a nuclear escalation of the conflict and a third world war possible because of Russia and Ukraine in 2024-2025?

2024-10-15 11:14:58

No

Tactical nuclear weapons are used in places where troops are concentrated. Russia can bomb Ukrainian troops and cities without nuclear weapons. If they are going to bomb Ukrainian cities with nuclear weapons, they take responsibility for the deaths of civilians and the consequences of the use of TNW. Therefore, nuclear weapons will be used as the last resort, in the event of a stalemate. But if Ukraine starts bombing Belarus, this will actually untie Russia's hands in the use of TNWs.

Neither Russia nor Ukraine declared war on each other. Shouts about the use of nuclear weapons are just political games, like shouts about the beginning of World War III. This is a reason to end the conflict and sit down at the negotiating table, if they continue to act in the same direction as now, the war could escalate into a confrontation with Europe with the use of TNWs.

What should countries involved in the forestry business do after the EU ban on the sale of products related to deforestation?

2023-05-15 11:00:01

Refocus on other activities and cut costs

The state should partially cover the costs of companies while the reorientation is underway. It should have anticipated this situation

The state should partially cover the costs of companies while the reorientation is underway. It should have foreseen this situation

Will there be a recession in 2023? How to prepare for the worst outcome?

Feedback

Events

Look at the projections for the next 100 years