Oddbean new post about | logout
 BRICS is going to happen.

Saifedean dismisses it because they can’t feasibly coordinate a real competitor to the USD which is true.

But when you realise the BRICS+ don’t need to be competitive but rather this is economic warfare to splinter the Dollar-zone (ie USA & vassals) and ensure cross border flows when the US finally loses its marbles trying to defend the empire then you’ll see the tradeoffs these countries are willing to make and how they’re preparing.

Multipolarity will look like USD vs BRICS but Bitcoin will be a tiny little wedge in the beginning of that new order, and eventually eat both over time. nostr:note1aczvyk4w30ywlx4eqvrfs4gaekezu5hgnmz3e3pl8mgh5flctcsqwq6jps 
 Agreed, it's already happening and the US dollar ponzi needs to print, and without the BRICS nations to buy up that debt hyperinflation really starts to look like the future of the dollar.