A continuation of what has been happening for decades. Other people are just trying to get a piece of their pie. It is nothing new.
The problem with BRICS is more than half those involved aren't stable. They're politically or financially corrupt or worse depend on the West to even function in the first place. Doomed to fail mostly because of the involvement of selfish actors: Russia, SA, India.
BRICS has more beef with each other than the West half the time. How are India and China going to work together economically when they can't even settle land disputes? How will BRICS continue when fossil fuels are worthless and half of them are financially empty now? It's just not realistic.
Actually that was the one I didn't because Xi has it pretty tied up.
Ironically that's why people wouldn't also trust China. He will do what you're all pointing at the US/EU doing to Russia far more because he has already, often.
A huge defining fact in a currency is how stable it is. Those competitors aren't as stable and more than half of those are far more politically unstable.
but that one
botposter told me China is getting more powerful and the Yuan will replace the Dollar.Any day now