this post was submitted on 23 Oct 2024
30 points (96.9% liked)

World News

38977 readers
2090 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
 

cross-posted from: https://lemm.ee/post/45571029

top 5 comments
sorted by: hot top controversial new old
[–] marcos@lemmy.world 3 points 1 week ago (1 children)

Any new alternative on international settlements is welcome...

But the main BRICS countries have been creating new payment methods for a while now, with a few successes. So, what is he talking about?

[–] 00x0xx@lemmy.world 2 points 1 week ago

But the main BRICS countries have been creating new payment methods for a while now, with a few successes.

Their alternatives to SWIFT is very successful, it's how both Russia and China have made themselves immune to the secondary effects of western sanctions against Russia. However besides the international transactional agreement, only Brazil have proposed an alternative to US currency, but the other nations have no interest in this.

IMHO, it's probably because Brazil is most vulnerable to the US dollar. The economies of China, India, Russia and SA are not as dependent on the US dollar, since they also trade significantly with non-western nations.

[–] EmpireInDecay@lemmy.ml -1 points 1 week ago (1 children)

This is what's needed to break from US hegemony

[–] 00x0xx@lemmy.world 1 points 1 week ago

Technically it's western hegemony. US alone isn't capable of a global economy hegemony, despite being the largest economy in the western hemisphere. Rather it's always that EU aligns their policy with the US government.

Besides that, I don't think it will happen. Only Brazil is making this proposal, the other BRICS nations aren't interested. They aren't looking to quickly break western hegemony either.

It's clear to everyone that western hegemony is coming to an end, and these larger BRICS nations seem content to let it happen gradually rather than make a direct effort to end it quickly.

Reuters - News Source Context (Click to view Full Report)Information for Reuters:

MBFC: Least Biased - Credibility: High - Factual Reporting: Very High - United Kingdom
Wikipedia about this source

Search topics on Ground.Newshttps://www.reuters.com/technology/brazils-lula-urges-brics-create-alternative-payment-methods-2024-10-23/
Media Bias Fact Check | bot support