BRICS Bank Must Be Launched Before July 9, Russian Finance Minister Says
I honestly do not see any future in the BRICS institution to ever counter US dollar and american
financial institution. You only have to see the kind of third world nation that is South africa ,even with all the progress they have made. People fighting with knives on day light on the streets ,for migrants.. is just remembered me how the Rwanda civil war began.. images of their very brutal ethnic cleansing. about half a million people killed by machete.
Makes to look Obama Alqaeda and Obama Isil to look like moderates indeed.
Perhaps is the lack of experience , in capitalism.. but Russia needs to understand for once ,the image is everything in business. Is like Politics.. If your business get a negative image ,looks
weak , unstable ,it will create doubts on being taken seriously.
THen you have brazil public unrest with the world largest
streets protest ever seen in the planet with millions on the streets across many cities..
Their president Dilma who signed the brics will not stand a chance to be re-elected ,neither its
party and only a right wing Pro USA . with their disaster hosting of the olympics . IF it cannot
host right an olympics ,how can any one be convinced they can become a world financial institution?
So what with end? from BRICS.. we end with RIC.. that is Russia ,India and China..
India with its poverty is not the most optimal image , but at least their nation is stable ,and their economy is growing at a rapid pace , so there is a chance there at least.. China for sure
have done amazing advances to improve its image because of its very strong economy and how they invest back on the country ,getting rid of its poverty and there is a space power.. have their own Credit agencies and international banks ,so definitively China is the soul of BRICS..
But not even China see BRICS as something with future.. and have chosen to start another alternative financial institution that will compete with BRICS..
What happens when China start an Asian development bank.. on its own without the questionable other economies? and or questionable stability image.. as is the case of South Africa and Brazil?
57 Nations join on it.. and including NATO countries.. with the protest of USA.
Why none of them showed interest in BRICS?
the success have to do with the way it is presented.. as an Asian bank.. not as an
X ,Y ,Z nation bank.
There are other things for sure.. perhaps BRICS wants to avoid using US dollar ,which is a major
no no to recruit western capitalism on the organization.. but still i do not see a major chance
for brics to ever replace anything other than being an organization for trading more easily in their nation currencies.
Russia looking to create a space collaboration with BRICS is neither going to work..
Trying to create an alliance of anything with so much different cultures that do not adapt to others is doomed to fail..
Russia will have a better chance ,joining forces with Christian South America development Bank of UNASUR and with China.. CHina even though its culture is very different ,they have an special
ability to adapt with nation . Chinese are very social and imitate everything they like..not very original ,but they learn fast.
So what we end? From BRICS , we end with RussiaCHina + UNASUR bank that is something like EastNasur Bank.
..that will be the alliance of South America and Biggest Assian economies. The major Difference here will be how it is presented the organization.. Much Bigger ,and much stronger and vast majority of the nations compatible
with each other. But as it stand now.. it rely to much in individual nations that are doomed to fail , in revolutions like Brazil or south africa.. hardly will stay in BRICS ..it will be a miracle if Dilma not removed in a major protest.. The following pro USA president will shut down its member ship in BRICS in no time.. but if the BANK includes all South America as a continent then things change. And south Africa .. will not be surprising if become invaded by CIA ISIL and becomes another Lybia.