BRICS was a brilliant bit of sell side marketing, but it has taken a life of its own. One needs to stop projecting fantasies onto the global financial system, and accept that its form follows function.
The extreme dominance of the share of global GDP after World War II by the United States was a historical accident, and so the relative rise of other economic powers was inevitable. Meanwhile, the eagerness of the United States to use sanctions as a foreign policy tool is going to create incentives to develop mechanisms to do an end run around those sanctions. Nevertheless, the geopolitical system is far more stable than is commonly described. (I will enter a geopolitical tangent later in this article to justify that claim.)
Since I have ranted about this repeatedly, I am just going to do a “greatest hits” refresh of my economic arguments.
Bond Economics
Stop Trying To Make BRICS Happen
Brian Romanchuk
Brian Romanchuk
”The geopolitical system is far more stable than is commonly described.”
ReplyDeleteNonsense. The West is crumbling and has dementia. Big Pharma wants to lock everyone down again in October, and pump everyone full of mRNA toxins. The neocons are insane. Sooner or later the Nuland-Blinken-Sullivan cabal may order the U.S. military to use a “small tactical” nuclear weapon, thereby touching off a full-scale nuclear war. This is not stability.
”The euro is a serious currency.”
More rubbish. Europe has obeyed U.S. orders to commit suicide by cutting itself off from cheap Russian food and energy. If Europe is not serious, how can its currency be serious?
The euro has always been a scam anyway. Nations gave up their most important power (monetary soverignty) to the European Central Bank in Frankfurt. Eurozone nations that have trade surpluses are doing great, but nations that have trade deficits must ultimately borrow all their euros, going ever-deeper into debt.
That’s two goofs. I don’t think I’ll read any further. Sorry.
I must admit that calling Konrad a 'Russian Asset' was an insult to the FSB. At best, he's just a Useful Idiot vomiting up anti-Western propaganda and conspiracy bullshit. At worst, he's just an idiot. Trying to depute his so-called points is mental masturbation.
ReplyDelete*dispute
ReplyDeletePS unlike most of y'all, I actually listen to Kremlin propaganda and know their talking points well...or at least the 'through line', as they tend to be all over the place depending upon what is going on at any given moment. However, contradiction and hyperbole are constant no matter the time of day.
ReplyDeleteYeah right. You listen to the clown Vlad Vexler who says:
Delete"Since 2014 Ukraine has come together in a civic bond powered by anti colonial sentiment."
A coup is a come together in a civic bond.. You know shit.
“ The extreme dominance of the share of global GDP after World War II by the United States was a historical accident,”
ReplyDeleteRight then the leftists say it’s a “neoliberal conspiracy!”…
Actually the whole “USD is the worlds reserve currency!” schtick is another conspiracy theory by these people..,
I live to make Nebris squirm and whine.
ReplyDeleteIt brightens my day. ;-)
No potato for you, suka. :D
ReplyDeleteThe Ukies just blew up an entire S-400 complex on Crimea. LOL
ReplyDeletePS пошел на хуй, мать, сука