To calm shattered nerves in the west, the message is out: BRICS is not floating a new currency; BRICS is providing alternative economic structures and systems (and currencies) to trade with one another....
Michael Hudson noted three challenging points — foreign debt exposure, economic rent extraction, and the need to raise living standards and labor productivity….
Indonesia, the fourth most populous nation, is now also a member of BRICS.
Global South
The currency message from BRICS leadersamarynth
