• zephyrvs@lemmy.ml
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    1 year ago

    Dedollarization commences. Will probably take a few more years to be really noticable but with African countries attempting to build their own transaction currency and India and Emirates dropping the Dollar, the US is rather silent on the topic, as far as I know.

    • AnomalousBit@programming.dev
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      1 year ago

      Yeah, this will be so great! I’m sure Venezuela and Russia can’t wait to trade their *looks at notes* oil with each other in rubles and bolívares. Who the hell would hold a ton of those currencies unless they were forced to anyways? How many millions of bolívares to one US Dollar is it today? Great job, Maduro. Really leading with excellence over there.

      These dudes lighting fireworks over this trade block full of cronies is hilarious.

      • albigu@lemmygrad.ml
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        1 year ago

        You might be a bit confused there if you think that 1) BRICS is only Russia or 2) that they only produce oil. The first 4 countries are there specifically because they together command the biggest markets and populations in the world except for the USA (I still don’t understand why South Africa is there, but they’re nice too), and the block is quickly expanding as a broad anti-imperial financial coalition. That means natural resources like oil, minerals (gallium, lithium, uranium), wood, but agricultural produce like the soy used in livestock feed around the world, and even high tech products such as cars, computer parts and weapons.

        In the specific case of Venezuela, if they need food, natural resources, high tech equipment or even investment from the BRICS’s New Development Bank, they’ll have much better luck from within BRICS than alone, without having to worry about invasions or sanctions from the “blocks full of cronies” of the EU, USA or broader NATO. It is great news if you care about Venezolanos having better lives from now on.

        • AnomalousBit@programming.dev
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          1 year ago

          It’s really cute and cuddly of you to paint this as a net benefit for the people (oh, won’t you just think of the children!?). But I think what was best for Venezuelans was, you know, maybe abiding by the results of their democratic election in 2019 and not letting some shitty Russian Manchurian candidate rule the country. Thanks to the “leadership” of Maduro, Venezuelans have experienced hyperinflation more than once in the past 5 years. But I’m sure his choice to lead Venezuela into BRICS is a super-bright 5D chess move, you’re right buddy. Have fun hanging out with Jinping, Putin and Modi. I’m sure those guys are super nice and would never sell anyone down the river for a quick buck.

          • albigu@lemmygrad.ml
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            1 year ago

            I also think of the adults, y’know, those who support Maduro? What do you think of, usually? I have no idea what election in 2019 you’re referring to. Maybe you’re referring to the one in 2018 where maduro won? It is also strange for you to describe a Venezuelan born in Venezuela as both Russian and Manchurian. I’m also sure going into BRICS as a third world nation is always good, Brazil is usually a good ally. It’s telling that you forgot about Lula and Ramaphosa, as well as the prospective Fernández, AMLO and Dias-Canel, just to name a few that are closer to venezuela than the other 3. Shows a lot about your knowledge of BRICS.

            Thanks to the “leadership” of Maduro, Venezuelans have experienced hyperinflation more than once in the past 5 years.

            Mind elaborating on which Maduro failures, in your informed opinion, caused Venezuela’s hyperinflation, which had nothing to do with sanctions and the world relying on the dollar (which is what this alliance will avert happening again in the future)? I’m sure you know a lot about this and will be able to inform us.

            • AnomalousBit@programming.dev
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              1 year ago

              Whoa dudes, they really sent the big daddy troll farm boss out today! That’s great though because the more time he spends here the less time he has for spreading misinformation elsewhere.

              I also think of the adults, y’know, those who support Maduro?

              Who in their right mind, living in Venezuela and seeing their buying power drop by 60,000% (that 2018 hyperinflation was quite a ride!) over the past 5 years would support Maduro? You can’t really be serious, right? There’s turmoil all throughout the world over 50% inflation… imagine 60,000%!? How fucking clueless do you have to be to pretend like there’s this huge swell of Maduro supporters?

              It is also strange for you to describe a Venezuelan born in Venezuela as both Russian and Manchurian.

              A Manchurian Candidate is “a person, especially a politician, being used as a puppet by an enemy power.” Straight from Dictionary.com. This probably got lost in your troll farm translation software. Who the hell would think Maduro is Russian or actually Manchurian? Just… what?

              Those dudes you name dropped are really cool and all, but it doesn’t change the simple fact that of the three largest members of BRICS:

              • China and India are literally fighting each other along their border
              • Russia is locked in an endless war that it started and is being sanctioned to economic starvation by the free, democratically-elected half the world.

              But yeah, what a cool trade block to be a part of. They all must be so thrilled.

              • albigu@lemmygrad.ml
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                1 year ago

                Please keep your racism and flippancy to yourself. It looks stupid and makes you look like an idiot. You’re better than this and arguing with you is hardly that much of an effort on my part.

                Who in their right mind, living in Venezuela and seeing their buying power drop by 60,000% (that 2018 hyperinflation was quite a ride!) over the past 5 years would support Maduro? You can’t really be serious, right? There’s turmoil all throughout the world over 50% inflation… imagine 60,000%!? How fucking clueless do you have to be to pretend like there’s this huge swell of Maduro supporters?

                About 45% of approval, similar to Biden. Who in their right mind would support Biden? Cut the crap will ya.

                A Manchurian Candidate is “a person, especially a politician, being used as a puppet by an enemy power.”

                Had never heard of this one. In fact, I’m not a native English speaker. This forum is not only for Yankees and we don’t have to automatically know every pop culture Yankee term. Either way it seems to be based on a racist and anti-communist novel, so you’ll forgive me if I still think it’s a terrible coincidence for you there.

                Those dudes you name dropped are really cool and all, but it doesn’t change the simple fact that of the three largest members of BRICS

                Russia is the 4th biggest, third is Brazil. Why do you always forget Brazil?

                China and India are literally fighting each other along their border

                Are they? And how would it be relevant?

                Russia is locked in an endless war that it started and is being sanctioned to economic starvation by the free, democratically-elected half the world.

                When was the last free democratic election in Ukraine again? The rest of the “democratically-elected” world is not participating directly in this war and Russia also had its own election in 2018. Also it’s more like a seventh of the world in population size, and BRICS (all of whom have democratically elected leaders) joining together is enough evidence of that.

                But yeah, what a cool trade block to be a part of. They all must be so thrilled.

                Indeed it is! That is why more than half of the world wants in on it. Cool, isn’t it? The power of third world solidarity.

                • AnomalousBit@programming.dev
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                  1 year ago

                  keep your racism and flippancy to yourself.

                  Refuting the FUD produced by the 5 or 6 communist astroturfer accounts in this thread is not racism. Calling out multiple attempts of gaslighting the legitimacy of the Maduro government and Russia’s foul influence in the world of politics is not racism. Fortunately for the rest of us, your being communist and being anti-west is not a race.

                  About 45% of approval (for Maduro)

                  This is literally not possible outside of some phony, made-up poll put on by Maduro’s entourage. Venezuela has been teetering on yet another period of hyperinflation over the past year (reaching up to 155%). Minimum wage in Venezuela will not even provide a single person with enough food for sustenance. Do you truly, in whatever distorted reality you live in, believe that 45% of people living there are supporters of this shit? There’s just no way, outside of imprisoning and torturing people who present opposition (hello Russia!) that you could reach 45% approval for Maduro. This is a fucking dumb take that even communist shills should have a hard time swallowing.

                  This forum is not only for Yankees

                  I never assumed your background outside of being a government-funded astroturfer for communism, which is clear as daylight from your comment history. Just like several of the other pro-Maduro, “BRICS is awesome” promoting commenters in this thread.

                  China and India are literally fighting each other along their border”, Your response: Are they? And how would it be relevant?

                  Well gee, BRICS is supposed to be a group of countries helping each other out! Here, have some money from the BRICS bank! You really don’t see how the largest countries in BRICS literally killing each other might not be the best display of solidarity? Damn, look at how well they collaborate together! The west better be scared!

                  Russia also had its own election in 2018

                  You can’t really believe this shit you spew around here, right? Russia freely and democratically elected Putin as much as my mother is the Duly Elected President of the Entire Fucking Solar System. They even imprisoned and have been torturing (ever since) the only guy who truly ran against him, Alexei Navalny. Read the news, man! This shit has been out in broad daylight for years. There’s even videos of interviewers asking Russians about it and they’re too damn scared shitless to answer out of fear of being sent to the gulag for speaking against the status quo. If Russia is your given example of a functioning democracy, it’s no wonder you’re such a cheerleader for communism. Hell, I might be too if that was the only example I ever saw.

                  BRICS (all of whom have democratically elected leaders)

                  ** My eyes roll straight out of my fucking head ** yeah I think I’m done here. There’s no getting through to you.

      • OurToothbrush@lemmy.mlM
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        1 year ago

        Have you considered looking up the actual implications or are you legitimately content to think Russia and Venezuela are going to start trading oil back and forth?

        • AnomalousBit@programming.dev
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          1 year ago

          It’s literally the super majority of both countries exports, but yeah sure they’ll start trading super computers 🤣

    • albigu@lemmygrad.ml
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      1 year ago

      The list is actually much bigger than that, we’re more diverse than the queer acronyms now.

      There can never be too much Latin American cooperation IMO. The USA better get ready to invade every single one of us again.

  • OurToothbrush@lemmy.mlM
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    1 year ago

    I wonder if this will change their oil export strategy, and whether this means that the US might try to to a Guiado 2 electric boogaloo

    • albigu@lemmygrad.ml
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      1 year ago

      I think the time for the USA to act on BRICS has already passed. The longer it goes the closer-knit the group becomes and any attempt from the USA to disrupt it now could backfire immensely by galvanising BRICS and the prospective members. Could you imagine the USA getting sanctioned by all those countries?

    • AnomalousBit@programming.dev
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      1 year ago

      Only a troll farm could produce such a shit-take. Guiado was voted president by the Venezuelan people, but petro-dictator-for-life Maduro got his ass saved by Russia.

      Venezuelan Presidential Crisis

      Have fun trading with the Russians in BRICS though! They can’t even afford socks for their soldiers in Ukraine, they’re wearing foot wraps God’s sake!

  • SeaJ@lemm.ee
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    1 year ago

    BRICS is a bit of a joke outside of China and India. The other countries are all extractive economies that are highly dependent on commodity prices. That has largely led to those countries being economic basket cases. Venezuela would be the worst of that by far. Chavez took a middling economy and destroyed it. Maduro was keen to carry the torch afterward.