Five more countries join BRICS

[farmgirl]

www.reuters.com/world/south-africa-says-five-countries-confirm-they-are-joining-brics-2024-01-31/#:~:text=JOHANNESBURG%2C%20Jan%2031%20(Reuters),Naledi%20Pandor%20said%20on%20Wednesday.

OHANNESBURG, Jan 31 (Reuters) - Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates have confirmed they are joining the BRICS bloc after being invited last year, South Africa's Foreign Minister Naledi Pandor said on Wednesday.

[farmgirl]

[farmgirl]

[Txsteader]

Well, it was nice while it lasted.

I wonder which one of those nations will become the world's new peacekeeper. For those who might miss it, that statement was dripping with sarcasm.

[Ozarks Tom]

Saudi Arabia and the UAE might be game changers, but they're both accepting dollars for their oil. I don't see the advantage for them, with the exception of sticking a finger in the US eye.

[sawmilljim]

Jan 31, 2024 23:50:18 GMT Ozarks Tom said:

Saudi Arabia and the UAE might be game changers, but they're both accepting dollars for their oil. I don't see the advantage for them, with the exception of sticking a finger in the US eye.

Biggest advantage is by taking other currencies it makes sanctions near impossible. Bricks are working on a standard currency for trade among member nations.

[Ozarks Tom]

Feb 1, 2024 1:36:29 GMT sawmilljim said:

Jan 31, 2024 23:50:18 GMT Ozarks Tom said:

Saudi Arabia and the UAE might be game changers, but they're both accepting dollars for their oil. I don't see the advantage for them, with the exception of sticking a finger in the US eye.

Biggest advantage is by taking other currencies it makes sanctions near impossible. Bricks are working on a standard currency for trade among member nations.

True, but I seem to remember a few years ago Saudi Arabia taking other currencies for their oil already, and maybe the UAE.  It seems more like hedging their bets, as they see China rising while we're going down.

[farmgirl]

[sunny225]

It looks like that video or tweet was taken down already.

[farmgirl]

Feb 1, 2024 18:24:58 GMT sunny225 said:

It looks like that video or tweet was taken down already.

It was a tweet about the combined value of BRICS.

[farmrbrown]

Feb 1, 2024 18:47:17 GMT farmgirl said:

Feb 1, 2024 18:24:58 GMT sunny225 said:

It looks like that video or tweet was taken down already.

It was a tweet about the combined value of BRICS.

Here's the same info on this link.
It's not chump change either, lol.
www.visualcapitalist.com/charted-comparing-the-gdp-of-brics-and-the-g7-countries/#google_vignette

[farmgirl]

Feb 2, 2024 22:58:39 GMT farmrbrown said:

Feb 1, 2024 18:47:17 GMT farmgirl said:

It was a tweet about the combined value of BRICS.

Here's the same info on this link.
It's not chump change either, lol.
www.visualcapitalist.com/charted-comparing-the-gdp-of-brics-and-the-g7-countries/#google_vignette

Thank you!

[farmgirl]

[Ozarks Tom]

Well sure, I can't blame them. My gosh, if my proud Muslim middle eastern country was confused by the American President with Mexico, well..........

It appears they're remembering Bin Laden's analogy to the "weak horse" vs the "strong horse", and see us and the dollar was the weak horse. I wish I could say they're wrong.

[farmgirl]