Simply put, BRICS wants to “play it safe” because all of its members apart from Russia are in relationships of complex economic-financial interdependence with the West, which isn’t expected to overreact to their piecemeal reforms since their own policymakers now believe that they’re inevitable.
There are a whole lot of ultra conservative or libertarian types in the West who hate “the Deep State” and especially the Federal Reserve System of the USA. Many of them were excited by the prospect of de-dollarization with BRICS creating some rival gold based currency. They look forward with glee to seeing the western monetary system collapsing utterly heedless of the fact that such a collapse would also hurt the BRICS’ economies.
Thank you Andrew for your article - Energy News Beat was able to pic this up with your permission. energynewsbeat.co BRICS has gained world wide traction and the US sanctions are a big reason.
There are a whole lot of ultra conservative or libertarian types in the West who hate “the Deep State” and especially the Federal Reserve System of the USA. Many of them were excited by the prospect of de-dollarization with BRICS creating some rival gold based currency. They look forward with glee to seeing the western monetary system collapsing utterly heedless of the fact that such a collapse would also hurt the BRICS’ economies.
Thank you Andrew for your article - Energy News Beat was able to pic this up with your permission. energynewsbeat.co BRICS has gained world wide traction and the US sanctions are a big reason.
"...prevent others from being misled."
OK, got it.