BRICS'S 6 new members and de-dollarization

[Etelfrido]

Different situation. Brazil and Argentina have a similar tax burden and state, Brazil has internal states with debts and Brazil cannot print currency, like Europe and USA

https://en.wikipedia.org/wiki/Europe...20late%202010s.

The crisis was worsened by the inability of states to resort to devaluation (reductions in the value of the national currency) due to having the Euro as a shared currency.

Also: https://www.bcb.gov.br/en/banknotesandcoins

Even further: https://www.cnnbrasil.com.br/economi...tenda-por-que/

[luc2112]

https://en.wikipedia.org/wiki/Europe...20late%202010s.


Also: https://www.bcb.gov.br/en/banknotesandcoins

Even further: https://www.cnnbrasil.com.br/economi...tenda-por-que/

USA prints currency for monetary 'stimulus' (mostly in banks and overpriced stocks) GDP is 3/4 based on consumption with a lot coming from China. The euro zone must also print to pair the currency and provide `cheap money` to borrow. Argentina's debts do not exceed 50% of GDP and are doing better than many countries. High currency inflation is difficult to control

[Etelfrido]

USA prints currency for monetary 'stimulus' (mostly in banks and overpriced stocks) GDP is 3/4 based on consumption with a lot coming from China. The euro zone must also print to pair the currency and provide `cheap money` to borrow. Argentina's debts do not exceed 50% of GDP and are doing better than many countries. High currency inflation is difficult to control

Though a common currency could benefit both parts it'd probably have its drawbacks too, like harming Argentinian companies' competitiveness - see how Germany took advantage from a common currency that was undervalued compared to the Deutsche Mark. And though we don't print money like the USA we do have the ability to do it (shown in the links I provided) and given our history of fiscal irresponsability I wouldn't doubt we could adopt a destructive policy like the one before Plano Real again and bankrupt Argentina even more.

[Jehan]

After the visit of Xi meeting with Biden, BRICS looks even more a strong alliance. To much solidarity.

[Victor]

After the visit of Xi meeting with Biden, BRICS looks even more a strong alliance. To much solidarity.

Do you take it that serious that before the meeting Chinks took the retarded granpa seriously and now they've "changed their mind"? He's retarded clown and everything is not defined by such official meetings.

[Jehan]

Do you take it that serious that before the meeting Chinks took the retarded granpa seriously and now they've "changed their mind"? He's retarded clown and everything is not defined by such official meetings.

I took it that the chink ever took their "friendship" with russia seriously.
Solovier seems angry, do you think he feels like a cuck?

[Victor]

I took it that the chink ever took their "friendship" with russia seriously.
Solovier seems angry, do you think he feels like a cuck?

Who cares? Who watches Soloviev? You're in the crew with senile 70+ Russian grandpas if you do.

[Jehan]

Who cares? Who watches Soloviev? You're in the crew with senile 70+ Russian grandpas if you do.

Isn't him the unoficial voice of the kremlin?

[Victor]

Isn't him the unoficial voice of the kremlin?

You cannot know how the things go being French and watching Russian things from the side. It's an alien space for you. Even Ukrainian things are alien to you, even if you pretend to know them. Who cares about "official/unofficial voices" of Kremlin?