Thailand To Join BRICS

[Brewster67]

Looks like it is official.

 

Thailand has applied for full BRICS membership and seems like their acceptance will be declared in October this year at the BRICS summit in Russia.

 

Seems like there could be around 14 new countries joining this year with another 59 countries delaring their intention to join.

 

This will be very good for Thailand in the building of the new multi-polar world and away from the US dominated unipolar world.

 

The west are finished... It is a dead parrot.

 

The western economies can not function without the resources from the rest of the world... By the end of this year BRICS will control 80% of all energy exports and they will use that power to kill the petro-dollar.

[BobBKK]

It's a smart decision; Thailand - USA hegemony will end over the next 20 years or so. 

[CharlieH]

Already discussed in Finance forum.

 

MOVED

[Brewster67]

1 hour ago, BobBKK said:

It's a smart decision; Thailand - USA hegemony will end over the next 20 years or so. 

2 years I would say.

 

 

[KhunHeineken]

5 hours ago, BobBKK said:

It's a smart decision; Thailand - USA hegemony will end over the next 20 years or so. 

Already ended during the last military government control who aligned Thailand with China.

 

It wasn't so much that the USA "broke up" with Thailand, it was more Thailand "broke up" with the USA.  A divorce that may come back to haunt them in the future. 

[Brewster67]

1 hour ago, KhunHeineken said:

Already ended during the last military government control who aligned Thailand with China.

 

It wasn't so much that the USA "broke up" with Thailand, it was more Thailand "broke up" with the USA.  A divorce that may come back to haunt them in the future. 

In what way would it haunt them?

 

The US is like Israel, becoming extremely isolated from the world that is on the rise... All they have are their little sycophants that are equally in decline.

 

The era of western hegemony is OVER.

[rattlesnake]

21 minutes ago, Brewster67 said:

In what way would it haunt them?

 

The US is like Israel, becoming extremely isolated from the world that is on the rise... All they have are their little sycophants that are equally in decline.

 

The era of western hegemony is OVER.

 

I agree. Also notable is Saudi Arabia moving away from the petrodollar:

 

U.S.-Saudi Petrodollar Pact Ends after 50 Years

https://www.nasdaq.com/articles/us-saudi-petrodollar-pact-ends-after-50-years

[KhunHeineken]

5 minutes ago, Brewster67 said:

In what way would it haunt them?

 

The US is like Israel, becoming extremely isolated from the world that is on the rise... All they have are their little sycophants that are equally in decline.

 

The era of western hegemony is OVER.

Can't you see what's going on in the world?

 

The BS the world was fed back in the 60's about The Domino Theory and Communism and Vietnam is actually happening in 2024.  Russia invads Ukraine.  China sizing up Taiwan.  China buying up small and / or poor countries, through massive debt. 

 

Go and research how much money the US spend on R&D for defense, and then how much of that technology they sell to the world, many of them allies.  

 

Any idea how much one missile costs?  How many have they sold to Israel since the Hamas attack?  How many have they sold to Ukraine.  They are not for free.  War is big business.  It's predicted Russia's economy will grow more than all developed economies this year.

 

  https://www.bbc.com/news/business-68823399

 

There will be a time when the economic war ends and the bullets and bombs start flying, because of the economic war. 

 

Yes, western governments p*ssed away all their citizen's money, over decades, but the when the debt becomes crippling, then the war will start.  

 

We are leaving a nice mess for our kids and grand kids. 

[Karlik Pu]

14 hours ago, Brewster67 said:

Looks like it is official.

 

Thailand has applied for full BRICS membership and seems like their acceptance will be declared in October this year at the BRICS summit in Russia.

 

Seems like there could be around 14 new countries joining this year with another 59 countries delaring their intention to join.

 

This will be very good for Thailand in the building of the new multi-polar world and away from the US dominated unipolar world.

 

The west are finished... It is a dead parrot.

 

The western economies can not function without the resources from the rest of the world... By the end of this year BRICS will control 80% of all energy exports and they will use that power to kill the petro-dollar.

Well done , putin lousy troll!
 You ve got yr 50 cents from the kremlin? 55

i guess you d better return to mother ruZZia and go directly to the ukranian front to fight for your tiny kgb furer  and his geopolitical “stinking values“parrots”:)

[soalbundy]

14 hours ago, BobBKK said:

It's a smart decision; Thailand - USA hegemony will end over the next 20 years or so. 

But not good for expats as the Baht will soar.

[soalbundy]

38 minutes ago, Karlik Pu said:

Well done , putin lousy troll!
 You ve got yr 50 cents from the kremlin? 55

i guess you d better return to mother ruZZia and go directly to the ukranian front to fight for your tiny kgb furer  and his geopolitical “stinking values“parrots”:)

Why rant? It is as it is, nothing lasts forever, the world is always in flux so change is inevitable. When the British empire waned the British sensibly bowed out gracefully but I doubt such behaviour can be expected of the Americans, they tend not to solve problems but instead try to overwhelm them. It was Churchill who said, "Americans always makes the right decisions.....after they have tried everything else."  It would be wise for the number one American sycophant, the UK, to join Brics if they really intend  not to rejoin the EU. The individual states in the EU are going to have to spring over their shadow and agree to a European central bank with a mandatory Euro currency eventually backed by gold. I suspect all those countries not in a block and with independent central banks will have to join the Brics as the only powerful financial entity. America can become self sufficient, especially with energy, but hard times for 'the land of the free' are coming with internal and geopolitical unrest being the order of the day. America's demise will affect us all negatively in the short term but if Brics are wise the future could be bright.

[klauskunkel]

16 hours ago, Brewster67 said:

Thailand has applied for full BRICS membership

Guess they'll change the acronym to TRICS...

[newbee2022]

16 hours ago, BobBKK said:

It's a smart decision; Thailand - USA hegemony will end over the next 20 years or so. 

I think and hope much earlier!🙏

[harryviking]

17 hours ago, BobBKK said:

It's a smart decision; Thailand - USA hegemony will end over the next 20 years or so. 

Smart?? Being run by Russia and China? Yeah, sure.....LOL!

[harryviking]

53 minutes ago, newbee2022 said:

I think and hope much earlier!🙏

Dear me.....giving in to Russia and China....yeah, very clever....

[newbee2022]

1 minute ago, harryviking said:

Dear me.....giving in to Russia and China....yeah, very clever....

If you can't fight them live with them in peace🙏

[Guderian]

Yet another reason to move elsewhere, along with their desire to tax expats to pay for the government's electoral bribes to voters, the disgraceful double-pricing in national parks, their refusal to allow expats to own any land at all, even when married to a Thai woman, raising her kids and paying Thai taxes.

[ericbj]

10 hours ago, soalbundy said:

But not good for expats as the Baht will soar.

Hedge your reserves with a decent proportion in gold bullion and gold royalty and streaming companies.

 

But beware of cashing out at the moment of a financial crash because, historically, gold also - temporarily - crashes then, as holders cash out to meet debts.

[soalbundy]

8 hours ago, harryviking said:

Dear me.....giving in to Russia and China....yeah, very clever....

The interesting thing about life is that one can alter very little with planing, things happen. Chinese and Russian systems aren't written in stone, neither are those of the west considering how a few woke groups can alter continents to become spineless shadows of themselves, our system is as vulnerabel as their autocratic ones are. Consider the harbingers of change in both China and Russia, the former due to high unemployment and the 'let it rot' movement among the young and the precarious adventure in Ukraine of the latter. Add to the mix of an independent central Brics bank and very many different member states and their autocratic power is even more weakened just as our systems are weakened by debt and lack of influence. I presume both China and Russia have considered this but desperation for the financial future and the chance to punch the arrogant west on the nose is a powerful argument for Brics. I don't think Europe has much to fear, psychologically we don't have as far to fall as the US and have had hundreds of years of parliamentary governments and great experience in diplomacy and innovation, our battles lie behind us, the states in America are only loosely affiliated and thanks to Trump and his ilk there appears to be genuine hatred between liberals and conservatives, I wouldn't even rule out a mini civil war in the future once the true extent of the loss of international power becomes evident and the rest of the world refuses to pay for the 'happy consumers' standard of living.

[Oliver Holzerfilled]

1 hour ago, soalbundy said:

The interesting thing about life is that one can alter very little with planing, things happen. Chinese and Russian systems aren't written in stone, neither are those of the west considering how a few woke groups can alter continents to become spineless shadows of themselves, our system is as vulnerabel as their autocratic ones are. Consider the harbingers of change in both China and Russia, the former due to high unemployment and the 'let it rot' movement among the young and the precarious adventure in Ukraine of the latter. Add to the mix of an independent central Brics bank and very many different member states and their autocratic power is even more weakened just as our systems are weakened by debt and lack of influence. I presume both China and Russia have considered this but desperation for the financial future and the chance to punch the arrogant west on the nose is a powerful argument for Brics. I don't think Europe has much to fear, psychologically we don't have as far to fall as the US and have had hundreds of years of parliamentary governments and great experience in diplomacy and innovation, our battles lie behind us, the states in America are only loosely affiliated and thanks to Trump and his ilk there appears to be genuine hatred between liberals and conservatives, I wouldn't even rule out a mini civil war in the future once the true extent of the loss of international power becomes evident and the rest of the world refuses to pay for the 'happy consumers' standard of living.

So all the hand wringing in Europe over the rise of the "far right" is for nothing and everything is fine?  Seems from a distance to be similar to the liberal vs. conservatives in the US.

[Hummin]

15 hours ago, soalbundy said:

Why rant? It is as it is, nothing lasts forever, the world is always in flux so change is inevitable. When the British empire waned the British sensibly bowed out gracefully but I doubt such behaviour can be expected of the Americans, they tend not to solve problems but instead try to overwhelm them. It was Churchill who said, "Americans always makes the right decisions.....after they have tried everything else."  It would be wise for the number one American sycophant, the UK, to join Brics if they really intend  not to rejoin the EU. The individual states in the EU are going to have to spring over their shadow and agree to a European central bank with a mandatory Euro currency eventually backed by gold. I suspect all those countries not in a block and with independent central banks will have to join the Brics as the only powerful financial entity. America can become self sufficient, especially with energy, but hard times for 'the land of the free' are coming with internal and geopolitical unrest being the order of the day. America's demise will affect us all negatively in the short term but if Brics are wise the future could be bright.

Bowed out Gracefully 🫢

 

Not sure we have read the same history books 

[soalbundy]

10 hours ago, Oliver Holzerfilled said:

So all the hand wringing in Europe over the rise of the "far right" is for nothing and everything is fine?  Seems from a distance to be similar to the liberal vs. conservatives in the US.

It's a pendulum, the hand wringing comes from those most affected, politicians and editors, we aren't going to have fascist states in Europe. It is only my opinion but I think the European voter is more sophisticated than the American voter, certainly someone like Trump or MTG would never get off the ground in Europe. The term far right in Europe means something different to far right in America, Margaret Thatcher in the UK and Strauss in Bavaria, Germany were considered far right, in America one would have called them center right, nobody would have considered storming a parliament.

[soalbundy]

7 hours ago, Hummin said:

Bowed out Gracefully 🫢

 

Not sure we have read the same history books 

You have to consider the timelines that this took place in, India (the jewel in the crown) was very gradual and despite certain conflicts never erupted into a war, all the troubles later, the Muslim and Hindu riots and the separation from Pakistan happened after independence. Canada, Australia, New Zealand all gained independence without any trouble. America was an exception but was way more complicated, not everybody wanted independence and the French, Englands arch enemy, was also in the mix, it was also the first one to go, we learnt after that.

[OJAS]

On 6/15/2024 at 8:44 AM, klauskunkel said:

Guess they'll change the acronym to TRICS...

 

Brazil might have a thing or 2 to say about that, though.

 

[steevjee]

On 6/14/2024 at 11:15 PM, Brewster67 said:

In what way would it haunt them?

 

The US is like Israel, becoming extremely isolated from the world that is on the rise... All they have are their little sycophants that are equally in decline.

 

The era of western hegemony is OVER.

not over but slowly burning out, but if it happens, especially if Trump gets back, WW3 is on the cards

[steevjee]

On 6/14/2024 at 11:15 PM, Brewster67 said:

In what way would it haunt them?

 

The US is like Israel, becoming extremely isolated from the world that is on the rise... All they have are their little sycophants that are equally in decline.

 

The era of western hegemony is OVER.

nah! but it's on the nose big time and it will only get worse if these far right parties start attaining power,Trump included