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.

Why is the war in Ukraine not ending?

2025-11-01 03:50:32

The most likely scenario for concluding peace is an agreement mediated by third countries, if both sides consider it beneficial, but this option was postponed by the United States, ending negotiations for at least 6 months. The countries' goals are mutually exclusive, and neither side is yet ready to make concessions that the other deems acceptable.

Possible scenarios for the end of the war 1. Military exhaustion of one or both sides. 2. Political change is a change of government or an external course in one of the countries. 3. An agreement mediated by third countries, if both sides consider it beneficial. 4. Frozen conflict - cessation of active hostilities without final peace. 5. Victory in the war. Russia - if it starts mass mobilization and mass offensives. Ukraine - if the West starts fighting for it. Currently, the West (the United States, the EU, and NATO) supports Ukraine with weapons, intelligence, and finances, but it is not fighting for it.

Instead of starting negotiations, Ukraine was again pumped with weapons and money. They probably expect the Russian president to be overthrown.

Why is Biden withdrawing his candidacy for president?

2024-07-20 12:56:35

Because he can't win

Biden is under serious pressure within his party. The American president is being forced to drop out of the election race as soon as this coming weekend. The White House claims that Biden is capable of serving a second term as president, provided he is elected, but he has little chance of defeating Trump.

The Democratic Party's presidential candidate will be chosen at the party's national convention, which will be held from August 19-22 in Chicago. And it will not be Vice President Kamala Harris. Biden is one of Ukraine's main sponsors. President Zelensky has already stated that by the end of the year the war will end its active phase, which means they are preparing for a change in the US leadership.

When can China dominate the semiconductor industry?

2023-01-19 08:30:36

In 2042

Although China allocates 3 times more funds to microelectronics than its main competitors. China is currently dependent on US technology, and to overtake the US, it needs to create a new conductor technology. Such technology will be invented by 2040

The U.S. is already creating some tensions with its partners and will not be able to block the supply of key components to China in the future

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