BRICS+

[0t3p0t]

Your country is de-dollarizing
Of course they are the first steps, but it's clear what's happening

Dubai is a major gold trade hub.
Abu Dhabi too?

+1 for coming from the UAE!

This happened for political reasons, especially the Arab countries’ fear that the United States would not activate the defense agreements if these countries were attacked. Also, what happened with Russia and the freezing of assets made some Arab countries diversify their investments with China and India and even join BRICS+, but I do not think that the government will go far at it.
The real change will be when the economic outlook changes, as the political reasons can change.

Definitely the reason why countries that are afraid of sanctions are now looking forward to decentralized assets. I don't think joining BRICS would solve the problem as I think some of these countries has trust issues with themselves so I think they will still prefer decentralized assets like Bitcoin or they will still use local currency to trade like CBDC or the BRICS currency but I think we still need time to get a more clear view of it's real life usage in the future.

they are waiting for the result of the wars that's happening. some are undecided whether they are going to side with Russia which they could rely on cheap energy but at the same time, afraid of sanction. 

US is also not going  direct military confrontation with China since this is going to be both devastating in their economy.  but this prolong war will still result to same thing. all in all, countries are just waiting which one will lose in trade war and they could all side to the winner.

In my opinion this is India's advantage and I can see huge potential to rank up being part of the BRICS no matter what because of it's neutrality as they only focused in the growth of it's economy and this will end with positive result in the long run the reason why it is possible that India one day will overtake China's economy and might in the next decades to come no doubt about that.

[DrBeer]

....
In my opinion this is India's advantage and I can see huge potential to rank up being part of the BRICS no matter what because of it's neutrality as they only focused in the growth of it's economy and this will end with positive result in the long run the reason why it is possible that India one day will overtake China's economy and might in the next decades to come no doubt about that.

It is India that can make BRICS a full-fledged union of countries and give an impetus to the development of the economies of the countries, since it is India that chooses the vector of development and Western concepts of development. China will drag the BRICS to the bottom of the "club of pariah countries" and make them its colonies, raw material appendages, and "importers of problems of the Chinese economy".... And he, China, has already done it with some countries.... But some are still applauding in the "frenzy of dedollarization" fighting "the West".... Although to be honest - they are fighting common sense and normal life

[0t3p0t]

....
In my opinion this is India's advantage and I can see huge potential to rank up being part of the BRICS no matter what because of it's neutrality as they only focused in the growth of it's economy and this will end with positive result in the long run the reason why it is possible that India one day will overtake China's economy and might in the next decades to come no doubt about that.

It is India that can make BRICS a full-fledged union of countries and give an impetus to the development of the economies of the countries, since it is India that chooses the vector of development and Western concepts of development. China will drag the BRICS to the bottom of the "club of pariah countries" and make them its colonies, raw material appendages, and "importers of problems of the Chinese economy".... And he, China, has already done it with some countries.... But some are still applauding in the "frenzy of dedollarization" fighting "the West".... Although to be honest - they are fighting common sense and normal life

Well yeah that is true. That is why China is creating show of force almost every day just to make distractions amongst it's neighbors just for them to look strong which is diversional for me because in my opinion they are cooking something they don't want the world to know one thing is that deep inside they are weak due to corruptions on their military and that is what they are having a hard time fixing themselves since their national security is at risk due to crisis that is currently happening as I can see corruptions, protests, natural disasters and stuff has hit them recently. What is funny is that they will keep on doing that until such time they will fully fix their problems which will give it's neighbors to respond together and stand against the giant. If only China is not a greedy country, I think they had the most friends worldwide not only countries that form BRICS.

[DrBeer]

Well yeah that is true. That is why China is creating show of force almost every day just to make distractions amongst it's neighbors just for them to look strong which is diversional for me because in my opinion they are cooking something they don't want the world to know one thing is that deep inside they are weak due to corruptions on their military and that is what they are having a hard time fixing themselves since their national security is at risk due to crisis that is currently happening as I can see corruptions, protests, natural disasters and stuff has hit them recently. What is funny is that they will keep on doing that until such time they will fully fix their problems which will give it's neighbors to respond together and stand against the giant. If only China is not a greedy country, I think they had the most friends worldwide not only countries that form BRICS.

The concept of presenting oneself as "very strong and successful. against others" is one of the hallmarks of all totalitarian regimes.
As far as China is concerned, the situation is no different. After 30 years of development, thanks to Western investment, technology, China's admission to the Western market, and some freedoms in China's economy, it is time to "move on to the past." Having convinced itself that China is now "the most important country and economy", China has decided to spit on the world and start setting its own terms. CHINA got it very wrong..... The result of the mistake was not long in coming, and manifested itself in the beginning of the collapse of the economy, which was almost completely dependent on the Western consumer market. And now everyone has to shout "China is a great country, Chinese economy is stable and growing, everything is fine, together with us we will defeat the West...". And populism is one of the main tools here, tools for creating a "lifeline" for China and the BRICS/BRICS+ members. And if to speak openly - countries that will sacrifice their economy and their future just to save the Chinese economy and the ruling regime. However, some of the participants believe that they are at war "with the Western world", not realizing that they are just "pawns in China's game" and raw material appendages

[DrBeer]

Even Russian publications, which really assess reality and the processes taking place, can no longer remain silent:

"OPEC+ is falling apart: the group's leadership cannot achieve internal discipline".
July 3, 2024"

Certain problems in the US shale oil production industry should have eased the pressure on the OPEC+ oil group. However, trouble at its main competitor across the ocean has not made the exporters' alliance more viable in the new realities. Problems of the most serious nature continue to arise. According to Reuters, there are fears that it is not the alliance's strategy to curb production that is falling apart, but the alliance itself.

https://topcor.ru/49104-opek-razvalivaetsja-rukovodstvo-gruppy-ne-mozhet-dobitsja-vnutrennej-discipliny.html

[Peter90]

Biggest economies in the world

1) China
2) USA
3) India
4) Russia

Who could imagine Russia has a bigger GDP than Japan or Germany.

[DrBeer]

Biggest economies in the world

1) China
2) USA
3) India
4) Russia

Who could imagine Russia has a bigger GDP than Japan or Germany.

GDP is a very interesting indicator. The fact that Russia forms its budget by 40+% through the sale of natural resources, and not through the sale of goods and services with high added value.  That's the first thing... Second - the GDP that the Russian economy is currently forming is a war budget, where half of the country's budget is turned into weapons etc. “goods” which after a day/week/month become burnt/exploded mettalon.... I.e. no real product is produced that works for the economy and for people. The second problem is that even the “growth of oil revenues”, if you start to understand how it works now, the real picture is much worse, because the estimated oil price (in dollars) multiplied by the number of barrels is not equal to what Russia actually receives from these transactions, because the two largest oil buyers China and India do not pay in dollars, and the use of yuan and rupee is very limited.