Venezuela Formally Applies for BRICS Membership
Venezuela Formally Applies for BRICS Membership
During his program Con Maduro+, Venezuelan President Nicolás Maduro announced that Venezuela formally requested to join BRICS, the economic and geopolitical bloc formed by Brazil, Russia, India, Ch…
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.
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.
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.
BRIVCS
BRIVCS
VIRBSC
RIBVCS
Uh
I assume it would be something like BRICSV or BRICS+.
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
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?
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!
In what world was Guaido elected president lol, he was president of the assembly yes but that has nothing to do with being president and that specific title is not put to a democratic vote
Allow me to respond to this with the seriousness it deserves
https://img.ifunny.co/images/c560190dd44dec21f9ed98a3885c8ebd3a4425c9778384308c552ef4cce6a28e_1.jpg
You're quoting Wikipedia to support your position and the article doesn't even say what you're arguing.
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.
