American takes on geopolitics is so uninformed, it's laughable. Here is the reality (although it's good to crosscheck and verify everything)
1. Russia doesn't need to stockpile US Dollars because 98% of its trade & cross border payments are either in Yuan, Rupee or the mBridge CBDC. Saudi Arabia will also start accepting oil payments via the aforementioned blockchain. The world is de-dollarizing at an unprecedented rate buddies.
2. Europeans are still buying huge amounts of Russian energy, but through India & China at ridiculous markups.
3. According to the International Monetary Fund, these are the largest economies on PPP basis:
China-35T
US-28T
India-14.5 T
Japan-6 T
Germany-5.6 T
Russia-5.4. T
Indonesia-4.7 T
Brazil-4.2. T
UK -4T
France-3.9 T
---->>> Raw IMF data <-------
So, this means that Western sanctions have become useless. No wonder countries like Ghana, Nigeria and others are pulling out their gold stored in the US vaults. The trust and faith in the financial system is gone.
4. In addition, the BRICS+ is expanding at an exponential rate. The original members were of course Brazil, Russia, India, China & South Africa. Saudi Arabia, Iran, UAE, Egypt, Ethiopia joined in 2023. So far, Thailand, Colombia, Turkey, Bolivia, Laos Vietnam, Nigeria, Algeria, Bangladesh, Sri Lanka, Kazakhstan, Belarus, Cuba, Venezuela and Bahrain have confirmed they will join in 2024.
In Conclusion, the world has been divided into two camps and a new Cold War is upon us. In the long run, the Global South will triumph over the west because they have a younger and more innovative population, an abundance of natural resources and most of the world's industrial capacity.
1. Russia doesn't need to stockpile US Dollars because 98% of its trade & cross border payments are either in Yuan, Rupee or the mBridge CBDC. Saudi Arabia will also start accepting oil payments via the aforementioned blockchain. The world is de-dollarizing at an unprecedented rate buddies.
2. Europeans are still buying huge amounts of Russian energy, but through India & China at ridiculous markups.
3. According to the International Monetary Fund, these are the largest economies on PPP basis:
China-35T
US-28T
India-14.5 T
Japan-6 T
Germany-5.6 T
Russia-5.4. T
Indonesia-4.7 T
Brazil-4.2. T
UK -4T
France-3.9 T
---->>> Raw IMF data <-------
So, this means that Western sanctions have become useless. No wonder countries like Ghana, Nigeria and others are pulling out their gold stored in the US vaults. The trust and faith in the financial system is gone.
4. In addition, the BRICS+ is expanding at an exponential rate. The original members were of course Brazil, Russia, India, China & South Africa. Saudi Arabia, Iran, UAE, Egypt, Ethiopia joined in 2023. So far, Thailand, Colombia, Turkey, Bolivia, Laos Vietnam, Nigeria, Algeria, Bangladesh, Sri Lanka, Kazakhstan, Belarus, Cuba, Venezuela and Bahrain have confirmed they will join in 2024.
In Conclusion, the world has been divided into two camps and a new Cold War is upon us. In the long run, the Global South will triumph over the west because they have a younger and more innovative population, an abundance of natural resources and most of the world's industrial capacity.
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