Joe Brunoli
May 8, 2024

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BRICS is not a scam. It is an organisation whose purpose is to facilitate trade between its members and encourage economic growth in a way that maintains independence from the Bretton Woods framework.

As BRICS develops, it will become a fully formed alternative to the US-dominated Bretton Woods system that was formed after WWII, when the US had 58% of the world's industrial capacity and world GDP.

Anyone can understand that such a system forged in the aftermath of WWII should not be valid for today.

BRICS is not a scam. The scam is the petrodollar.

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Joe Brunoli
Joe Brunoli

Written by Joe Brunoli

Joe is a Yank with dual US-EU citizenship and comments on trends, politics and more. Buy Joe a coffee here: https://ko-fi.com/euroyankee

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