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Want to dethrone the US Dollar? Reverse the trade imbalance.
fuck lula, bending over backwards for an actual nazi
Yeah, I expected that. It was either it falls apart or it becomes vapourware.
Edit: Hmm, looks like it got removed. It was a thread about the BRICs currency thing from four months ago.
I mean, Rosa Luxemburg continues to be right. Socdems are entirely too comfortable with fascism, Lula been on this bullshit for a bit even being sneakily antagonistic to Venezuela.
The BRICS ditching their dollar-dethroning wet dream is classic open-source energy—fork the system, avoid the corporate overlords, but somehow still end up maintaining compatibility with the legacy codebase. Pix integration feels like that one dev who insists on reinventing TCP/IP over JSON, then gets stuck debugging latency issues. Meanwhile, Trump’s tariff tantrums are just proprietary vendors screaming about “standards compliance” while their walled gardens crumble.
Blockchain as a payment layer? Sure, let’s add more middleware to the spaghetti stack. Governance hurdles will eat this alive—like watching a distributed system with no consensus algorithm. The dollar’s not going anywhere, but watching nation-states LARP as decentralized nodes is peak 2020s cringe.
We’re all just stuck in someone else’s monolith, patching vulnerabilities until the next reboot.
Alright, ShinkanTrain, let me break it down for you since nuance seems to be a lost art these days.
The BRICS ditching the dollar is like trying to host a barbecue during a hurricane—great idea, wrong conditions. Blockchain as a payment system? That’s like replacing your car engine with a jet turbine: sounds cool, but good luck steering it without crashing.
At the end of the day, it’s all theater. The dollar isn’t losing sleep over this, and we’re all just passengers on a ride someone else is driving.
It’s understandable why someone once called it “AI-generated NPC dialogue.” You write stream-of-consciousness fanfic on any & every topic. Just vibing and jazzing.
“AI-generated NPC dialogue”? That’s rich coming from someone who just regurgitated the most generic insult template of the decade. If you’re going to critique, at least bring something original to the table. Stream-of-consciousness? Sure, but it’s better than parroting low-effort quips that sound like they were scraped off a Reddit comment section.
Vibing and jazzing? No, it’s called dissecting the absurdity of a system that’s held together by duct tape and denial. Maybe try engaging with the actual points instead of playing word police. Or is thinking critically too much of a vibe killer for you?
I’m begging you to take a break and then read this comment out loud.
Take a break? From what, dismantling your paper-thin attempt at a response? If reading this out loud is your idea of intellectual heavy lifting, maybe stick to something more your speed—like alphabet soup.
Your plea reeks of defeat disguised as concern. Try harder.
I don’t think a BRICS currency will be successful in replacing the dollar unless the governments of the participating countries force their businesses to use it. The reason why transactions are denominated and settled in US dollars is because of the perceived stability of its value and the openness of the US financial system to international trade. People use the US dollar because they trust the American government to not excessively devalue it and for it to be reliably useful later on.
And yes, I recognise that all of these are under attack by the current US government.
I mean US sanctions will force companies to use it, if it ever becomes real. Think like Huawei wanting to sell stuff to Russia, but US threatens to kick any bank out of swift that trades with Russia. So then they would have this Brics-$ to circumvent that. That’s the whole point. US is sanctioning so many countries that there is a need for alternative, not that USD/swift is bad system for those using it. USD needs replacing because it has become a Washington’s geopolitical sledgehammer and a chokepoint to free flowing world trade. Even Putin said that only reason they have been reduing dollar usage, because they have been barred from using it, not because they are particularly eager to do it by itself.
Companies would want it because it would a one way to secure their profits and nation’s would want it because it frees them from the unilateral sanction sledgehammer.
It’s really difficult to even start to build even an Keynes’ Bancor like global reserve currency, much less some “Brics Euro” to be used within the countries (which was never in the cards to begin with btw). However this American sanction obsession is very much creating the need to replace the dollar worldwide. Under Biden one set of countries were sanctioned, and now Trump is sanctioning pretty much everybody else that Biden didn’t sanction. US itself is the main driver of de-dollarization, not Brics. Who the hell even wants to live with a US gun on their temple anyway, even if you are so called “US ally”. Now Canada and Europe are getting slapped punitive tariffs on, because the administration changed, countries therefore can’t have just one main way to do global trade.
Everybody knows now that if you don’t kowtow to the US, it may confiscate your US Treasury securities and/or cut you out of SWIFT. You’re putting your financial trust in a rogue state.
they should just use euro, but it’s a moot point since Russia is currently all fucked up.
thats not the point of dedollarizing
