Irenaeus, Siteadmin, Check users, oversight, Administrators
351,572
edits
Changes
Jump to navigation
Jump to search
Line 1,093:
Line 1,093: + + +
→Reuters: Russia lost 3.3 Trillion Rubles in just the First Half of this Year in the Form of Reduced Oil Revenues
:::“Backing a fractional-reserve banking system with gold only works temporarily, because the currency units multiply more quickly than the gold does".[https://cointelegraph.com/news/gold-backed-brics-currency-very-hard-to-deliver-lyn-alden] [[User:Conservative|Conservative]] ([[User talk:Conservative|talk]]) 09:04, August 25, 2023 (EDT)
:::“Backing a fractional-reserve banking system with gold only works temporarily, because the currency units multiply more quickly than the gold does".[https://cointelegraph.com/news/gold-backed-brics-currency-very-hard-to-deliver-lyn-alden] [[User:Conservative|Conservative]] ([[User talk:Conservative|talk]]) 09:04, August 25, 2023 (EDT)
::::The BRICS future expansion is less appealing to Brazil and India because they do not want the BRICS club to be more China-centric due to pro-China members increasing. In addition, they do they want it to become a very overt rival to the West, with which they have better relations than do China or Russia.
::::Furthermore, two of the key cornerstone members of BRICS, namely Russia and China, are headed for economic decline in coming years and we are even seeing signs of this happening right now. [[User:Conservative|Conservative]] ([[User talk:Conservative|talk]])