Ariel
@Prolotario1
People, think of it like this: these BRICS countries have used the existing dollar-based system for years relying on trade deals, borrowing in dollars, tapping into Western capital markets, and selling goods to Western economies.
That’s essentially how they’ve grown in the first place. Now, if they want to run off and form their own “clubhouse,” they can’t just pretend all those obligations, debts, and ties don’t exist.
A lot of their loans and bonds are denominated in dollars (or other Western currencies). They can’t just walk away from that without serious consequences defaulting or trying to switch currencies mid-stream is messy. You still have to pay back what you borrowed.
This is like a child who built a clubhouse in the backyard who no longer think they need their parents and assume they have authority now because they no longer use the main house for survival. Life doesn’t work this way. You have to earn your place and go through the growing pains.
Your house duties doesn’t dissappear because you think you’ve gained independence just because you got a tree house outside. Cleaning your room. Taking out the trash. Doing your laundry. Cleaning the basement. And mowing the lawn still has to be done. This does not go away because you got snacks and a backpack in your tree house.
The R********d banking empire isn’t going anywhere pic.twitter.com/rRwljWpmtz
