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Gerard's avatar

It seems clear that China, India, Iran, Russia, Brazil ect are in rough alignment because they are threatened by the US/EU states. Left alone they would drift apart. This makes western policy all the more inexplicable over the last 20 years.

James Schwartz's avatar

Decisions by indecision is how this all sounded. China basically came to the aid of Pakistan during the latest brew ha-ha between India and Pakistan. This has fractured the loose partnership between China and India already. This shows the weakness of the BRICS currency and coalition. At any point one country can just pick up its gold and go home. You cannot have a world currency where this is a possibility. The rest of the world sees this and is the reason it will never be the currency it was envisioned as. Nobody would purchase a bond (which hasn’t even been created yet) with this type of uncertainty.

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