Will the BRICS 15th Summit be Successful? 

I don't think BRICS are going to let in too many new members at once but I hope they let in Iran, Saudi Arabia & Venezuela this time & maybe an another African nation 🙏🏿

BRICS has been a success already for the last 10 years. US dollars has lost already 15% of the commercial international exchange already. And tons of countries wanna be part of the cool club. It will take 30 years for the process to mature. (as it always do historically) Morocco + Egypt + Iran+ SaudiArab thinking bout it + tons of African countries.

From the very bottom of my heart I really hope it will succeed and give US dollar a worthy opponent, we are tired of all the inflation and our unhealthy dependency toward the US dollar... it sucks...

i don't think there will be a common currency between brics. but brics members will trade each other with their own currency rather than the dollars.

In long term, BRICS no doubt will stay away from dollar.

As long as there are organizations with India in it, there will not be much consensus and achievements, this is the reality🤣🤣

Thank you for those inside viewpoints! In the double sense with an authentic "China Streetview" again.

Putin COULD go to the meeting. South Africa would NOT try to arrest him. But he doesn't want to embarrass the South African government. The Western states would all jump on and condemn South Africa for it. And Putin is helping the South Africans to not have to deal with that. He is a serious LEADER and doesn't want a "media" story to side track from the meeting.

Thanks for sharing.

Inside Source: Bangledash, Uraguay, Egypt and UAE are in.

BRICS👏👏👏👏👏

As a part of this discussion in terms of new members, I'll give my top 10 list--may be 5-6 will be new members. Top 5 (not in any particular order) 01. Iran - energy 02. UAE - energy 03. Saudi Arabia - enegry 04. Ethiopia - population and allows for extention into Africa 05. Argentina - large population and ettends BRICS into Latin America 06. Venezuela - energy 07. Khazastan - enegry 08. Egypt - large population and extends African cooporation 09. Indonesia - large population and can be top 5 economy in 30 years 10. Mexico -large population and further extends corporation in latin America (potential top 10 economy in 30 years) Personally I see5-6 new members and maybe the second batch will be the list from 6 to 10 or so--this is just my guess.

with India? I doubt any good outcome

More oil producing countries should join, and drop petrodollar, and switch to petroyuan

There will be a new currency for trading purposes for those countries that wish to use it. CRIBS will be a success despite India being in it.

You are doing a grat job.

best to just wait for the actual outcome ... anything is possible

As gold prices at its lowest values and FED is on the way of cutting rate hikes, it would provide a trust environment for investing not only in gold but also currencies of BRICS contries. I think it is the moment.

The Global South sees things differently from G7 countries. That in itself is binding and lasting.

A smokeless war between BRICK n G7 BRIC seeks to be untied, fighting for the start of a multipolar world; G7 seeks a sustainable non-resistance world order to neo-colonialism (a rule based order, aka richmen club).

I'm all for returning to the gold standard in the US, so any move towards gold-backed currency would help push the west off their fiat system. Do I think the BRICS nations have a true unifying ideology aside from not really liking the west that much? I don't see much to keep them together long-term.

Whatever is announced from the BRICS summit I'm sure will be played down or negated in a lot of Western media (a lot of which are completely ignoring the summit). The best outcome perhaps would be acceptance or a process of accepting new members, something though which would really create further fear in the same Global north countries. A settlement currency would be something that would really gain traction if countries such as Saudi Arabia were to become members. What a huge change it would make for the Global south if there was an agreement and a process forward. With all that, I fear what will be reaction from Washington and it's various allies.

India is a bit of a wild card but if Xi & Modi can solve the border dispute it may help relations

G7 cannot replace brics that why more nations are wanting to join the brics so not to isolate bt G7.

I too doubt there will be a BRICS currency anytime soon. It is a lot harder to create a new currency. But a new financial transactions settlement system is a lot more practical and easier to setup (relatively to new currency). Of course it won't have the same effect as a new currency, but it will have meaningful impact to counter SWIFT and dollar dominance. BRICS itself is also going to be a long grinding process, which is not necessarily that different than creating any other global organization as member states' interests are intertwined but at the same time can be diverging from each other. I guess this is one of the main reasons why to form such organization so that member states can negotiate and have dialogue to find common ground to maximize benefits for everyone.

NDB needs time. What’s most important is the quality and consistence of the loans.

Realistically, any fiat currency is as good as the trust & confidence that humans placed in them since paper money are nothing more than nicely printed pieces of paper.

What is the name of the tree-lined road?

Gold backef brics token🤔

YES

💪🏽🇨🇳💪🏽🇷🇺💪🏽🇮🇳💪🏽🇿🇦💪🏽🇧🇷💪🏽🇸🇦💪🏽🇩🇿💪🏽🇮🇶💪🏽🇮🇷💪🏽🇸🇾💪🏽🇹🇲💪🏽🇦🇫💪🏽🇰🇵💪🏽🇻🇪

sofa😁😀

time for another cup of coffee. enjoy. i think argentina will not join brics if its far-right candidate wins the oct/nov election and he is leading in the poll now. love from canada.

India is the key.

India block brick currency and members expansion

The assessments and judgement is kind of Yes/No .. The points are right but option of india leaving BRICS moronic idea and proposal…The fundament shift should come from China if it really wants to hold this block meaningful. The blunder china made was for past 20 yrs, to corner india , restricting india through Pak / Bangladesh, Nepal, Srilanka, insurgency , communist NGO, blocking india in many fronts it’s progress …instead of enabling india and become a trusted partner . It would have forged China /India /Russia partnership as a force to reckon.. two decades of anti india agenda and now wanted india to help its counter US strategy ..how morons are Chinese CCP who could have made india their driving partner than pushing it as an adversary… Russia -!: even USA are trusted partners of india but not China … It is moronic on part of China to be a sole power in this region.. it should have allowed India’s deserving space but actually should have enabled it .. then entire Asia pacific, indo pacific , arctic , pacific , Indian Ocean , South China Sea , Arabian Sea , Bay of Bengal , Mediterranean, Red Sea, would have been a powerful zone .. which BRIcs is trying to evolve .. it’s China ‘s india policy for its failure… india being 15% of world population , almost 3rd best world economy, maintains its own sovereignty and competence in every field and largest democracy.. how can you ignore it to be part of Security Council..? Who blocked China CCP for its vested relationship with failed spineless Pak army ..both have failed Chinese people and Pak people .. who will trust China and Pak ?? China is worried on India’s rise but it failed to realize india could be the best trusted partner . US allied with many countries and especially with its neighbors.. instead to build its power of influence with india giving its due share , what China did it flared up and emboldened spineless Pak army for insurgency in india .. Pak army has failed both Pak people and China … BRIcs should not be a anti west block as Russia and China intend to .. both blocks should refrain from using civil war situations to benefit their defense enterprise .. if it is .. then india should restrict and stop China ..

America exported it's dollars around the world sending asset prices to record highs in my country destroying the purchasing power of the salary of the average worker in my country

What is the purpose of this setting.? Could you not find a quieter place to sit. Don't they have public parcs in Bejing....?

The whole thing's a bit sad and desperate.. The concept was made up by a western economist anyway.

Yuan, Ruble, Arg Peso are very weak. Cmon can we really trust the currency manipulation of the BRICS. India is sitting on the fence and will be first to jump to winners side. Do you really want to support countries interested in World domination ruled by a dictator or tiny minority.

yes ofc will be Sucsess ,the Rise of a Multipolar Wolrd