CarmineCatboy2

I don't think anybody in BRICS+ has plans to dislodge the dollar as a reserve currency. The dollar's downfall is gonna be commensurate to the size of the US economy. The british pound lost space because it was propped up by taxes and tariffs on India and the US isn't gonna balkanize any time soon. So the dollar will always be a big deal, especially since everyone is so invested in it.

The bigger issue though is that the only country with potential to dislodge the USD is China, and the chinese do not want to do it. China doesn't want speculation, period, much less so foreign speculation on the RMB. China (and the rest of the world) also buys american assets and bonds and profits marvellously from them. The Chinese also has stakes in the current existing trade flows. So as long as the US doesn't worsen political risk, the Chinese have no reason to dislodge the USD. The bilateral exchanges they are setting up exist to fill the void that the americans created. So, of course, with Russia and Iran there will be no dollars or euros traded.

But with other BRICS+ members, the bilateral moves are there more as a sort of contingency: are interest rates too high and must countries save up on USD? Bilateral exchanges like with Argentina. Is a BRICS+ member being sanctioned? Bilateral exchanges can help there, like with Russia and Iran. This means the RMB becomes a trading currency, but not the new reserve currency.

Basically the whole system is working to China's benefit. Why change it? De-risking and friendshoring have been a joke so far and China's manufacturing dominance has only increased in a dollar denominated world. There won't be a need for a new reserve currency unless the US collapses out of civil war or debt.

people in the west will now side with Israel

people in the west have never been relevant to this calculus. and they will never be because foreign policy is not up for elections in the west.

Plus, its transit was between the UAE and India. So it's pressuring those two countries as well.

Pseudo-scientific medical practices can worm their way into policy by osmosis. If enough people believe in the placebo effects of homeopathy, acupuncture or chiropraxy then the socialized medical system might end up covering it. Either because of demand for it, or because people in whatever board also happen to believe in these practices.

This can become more sinister with shit like family constellation.

There are probably left parties and groups making that argument, but by definition that puts them in the 'fringes'. Regardless of how popular that sentiment may be, few amongst the elite will see things that way (as I said, the elites are loyal). To make things worse the media apparatus is built around marginalizing leftist groups. Just look at the other post in the thread about danish soc-dems claiming that protesting the palestinian genocide is an attack against democracy. That's how captured european politics are.

Well, european elites are loyal. They just are. The US led world exists partially to their benefit. We talk a lot about how Europe is being squeezed right now, but a) those elites profit from the squeeze; and b) the squeeze pales in comparison to what the US does in Latin America or Africa. It's like Japan's Plaza Accords. Most countries could only wish they stagnated like that.

On the other hand I'd say that future of the EU is uncertain and there are pulls in multiple directions. The Germans were More Loyal than the King when the war started. The French wanted to play themselves up as mediators. Neither really got anything from their moves, but if Russia had been weak those wouldn't have been bad decisions. Ultimately Europe acted under bad intel and is now married to their course of action. According to the principle of letting no crisis go to waste, the French went back to talking nonsense about a unified european army under them. But who knows what will happen 20 years from now? What if that army come into being?

Let's also not underestimate the media stranglehold that Europe is under. Even outright fascists can't really oppose EU or US policy. Imagine a social democrat or a socialist standing against poor underdog Ukraine. That's a death sentence.

she's got the chops

We are, after all, talking about a region of the world where a) security is guaranteed by Russia; b) economic development is lead by China; and c) which is landlocked due to NATO destabilization efforts from Afghanistan to West Asia. The US empire is a maritime empire. How is it going to access the region? Pakistan? They tried to reach the 'stans, and the US was in the way together with India. Iran? I don't think even India can convince NATO to just let that happen. Iraq? Azerbaijan? Involves Armenia and Iran, which is prickly at best. Every other force for stability in West Asia was or is currently being NATO'd to death.

you forgot refusing royal assent for laws that cut into their earnings