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 is Russia's path?

2023-09-27 09:43:10

First it will restore the USSR, then it will start a war with China.

After the coup in Ukraine in 2014 and the failed coup in Belarus in 2020, Russia realized that if nothing was done, the country would face war. Therefore, an association of countries like the European Union will be created. Belarus will be the first to enter it. Due to the sanctions in the country, almost the entire high-tech sector depends on supplies from China. With sanctions, high levels of corruption, high taxes and the elites' disinterest in change, Russia will not be able to resist the Chinese economy. Eventually, China will displace all competitors, including domestic companies, and will dominate the country. There is no progress in creating a competitive economy. Chinese specialists will move to the country en masse, displacing Russian specialists. When Russia tries to restrict China, China will act militarily.

Moscow takes all taxes for itself, and then distributes them by region. The regional elite is not at all interested in the growth of business in the regions, since its well-being depends on the ability to ask Moscow, and not on the growth of the number of enterprises. It is impossible to conduct business legally in the regions without paying bribes and fines. The legislation allows businesses to be blocked for 30 days in case of violations, so businesses pay bribes to avoid being blocked. A 47% tax and a 13% credit rate also do not contribute to business growth. Compared to the Chinese tax of 12% and the credit rate of 0.02%. Despite the fact that China spends money on cargo transportation, it is more profitable to produce and buy in China than in Russia.

The East is a delicate matter. The war has increased Russia's economic dependence on China

What does China mean for the Russian economy

What is the future of Iran?

2023-05-04 12:53:17

Water shortage, war with Israel, going nuclear

Iran has asked Russia for help in developing its nuclear program, which, according to the West, is aimed at creating nuclear weapons. To prevent Iran from obtaining nuclear weapons in the first place should be the joint efforts of the United States and Israel. At the moment, out of 304 cities in Iran facing a water crisis, 101 cities are in the red zone - experiencing severe water shortages.

With a nuclear weapon, Iran will become more aggressive, US allies in the Middle East, sensing a real threat, will be forced to get along with Tehran, the ability of the United States to promote and protect its interests in the region will be weakened.

Bomb in exchange for drones: Iran asked Russia for help in creating nuclear weapons

Iran plans to solve the problem of drought at the expense of the water resources of the Arabian Sea

The dangers of a nuclear Iran

Will Putin change in 2024?

2023-06-28 12:33:56

No, he will stay.

A source close to the Kremlin, who wished to remain anonymous, spoke about Vladimir Putin's plans. He denied rumors that the allegedly incumbent President plans to leave his post. He assures that other candidates are out of the question.

After the elections, little will change in the country

Why and how Putin can remain President of Russia for the next term

It became known who will be President after Putin in 2024: will the Russian leader leave his post in 2023 - latest news