Local Currencies To Replace Dollar For 5 Countries' Dealings

An anonymous reader writes "Brazil, Russia, India, China and South Africa — the BRICS group of fastest growing economies — signed an agreement to use their own currencies instead of the predominant US dollar in issuing credit or grants to each other. The world does need a new financial architecture, but the BRICS by themselves are unlikely to be able to drive that change."

Comments

Re:US debt - why should the rest of the world pay

[hairyfeet]

Frankly it ain't the USA that needs to be worried....it is everybody else. remember what happened when Germany went tits up in the 20s? Something about taking Poland? So what do you think will happen when the largest military in the world can't hand out local bread and circuses? Why we'll just take yours!

And the bitch is? With the right leader unlike the crazy Austrian we'll pull it off too and you know how? Deals baby! Watch how easy it would be: Oh Putin want to be president for life? How about having the USSR back? We know you miss the old days, well its yours baby! We won't say a word pal, enjoy...just don't say nothing about what we do in OUR backyard, kay? Russia down

Hey China! Our buddies in the east! Hey you know that whole Taiwan thing? Roll the tanks baby, it is ALL yours. Oh and as long as you keep the trade up Africa? help thyself buddy. China down.

So what do the USA get for our dealing? Why North and South America, of course! The United Continent of America has a REAL nice ring to it, don't ya think? All those nice oil sands up north, all those resources down south, Lebensraum here we come!

And honestly who would stop us if China and Russia agreed to sit this one out? Germany? Will be too busy shitting their pants at the USSR on their doorstep, especially with the USA out of NATO. The UK? They are an island, Wolfpacks showed how to fix THAT problem. They have...what? 1 Aircraft carrier? We got 11, no problem! France? Italy? oh they'll bitch, but who cares.

As for getting the American people behind it? Do the same trick the Austrian used, lots of "bread and jobs" along with a false flag or two. Wouldn't be hard to paint Chavez and a few others to be the new devils.

So for all those "Yay America is gonna fall" types? be careful what you wish for, because Germany got to be the asshole twice last century, and before those in power go silently into that good night I have a feeling it will be the USA's turn. Frankly it wouldn't take long at $10 a gallon gas and 40% unemployment to get Americans to sign off on just about anything. you already have some serious hatred of foreigners building up with the lax border and H1-Bs, really wouldn't be hard to direct that hatred at a chosen target. Scary thought, isn't it?