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The BRICS will create a Bank that will compete with the IMF and the

  1. maxoxam41 profile image79
    maxoxam41posted 2 years ago

    World Bank? Is it positive and encouraging for the world development or is it negative? Is it the end of the American hegemony?

    1. rhamson profile image77
      rhamsonposted 2 years ago in reply to this

      We are drowning in our own debt as we try to uphold some pipedream of dominance in the world. Our only real strengths are in entertainment, consumerism and war. The rest of the world is gaining in education, manufacturing and technology. This is a topsy turvy direction that will doom us just like it did Rome.

      1. wilderness profile image96
        wildernessposted 2 years ago in reply to this

        It being that war is as much technology as anything else, I'd have to say we still hold an overall edge there.  And it appears that our primary competitor there, Japan, is failing to maintain the pace; Japanese schools, or so I've heard, is pounding the "inventiveness" out of it's students in the quest for grades.

        1. maxoxam41 profile image79
          maxoxam41posted 2 years ago in reply to this

          There's nothing to be proud of? War is not part of technology. Technology rhymes with progressive societies not failing ones. Where are those billion coming from if not from Afghan drug? Since our takeover, the drug trafficking is blooming. What an economic model we are! And you are proud?

      2. maxoxam41 profile image79
        maxoxam41posted 2 years ago in reply to this

        Our end is coming, I agree, if we keep drowning our economy and our manpower. Few weeks ago, I saw a documentary stating that the jobs lost to manufacturing will never be back since our elite is privileging automatisation. Automatisation means no cost and no protest. Our elite is targeting China's demand as a  growing market. America is irrelevant in their grand scheme as for its their it's their least of their concern. "Le capital", Costa-Gavras's movie is a perfect illustration. Check it out, you won't be disappointed.

        1. rhamson profile image77
          rhamsonposted 2 years ago in reply to this

          This downturn was crafted by the corporations to cash out early as they saw our education and work ethic deteriorate. The kids coming into the workforce today are spoiled and not ready to work. We have coddled them with money, cars and vacations while the illegal immigrants are slowly moving up the scale from landscapers and farmers to mechanics and healthcare workers. All too late the kids will realize what a disservice their parents did them by not teaching them the work ethic their parents taught them. The illegals "get it"

  2. Kathryn L Hill profile image84
    Kathryn L Hillposted 2 years ago

    We are not destined to fall. America will stand strong...
    for the sake of what?
    Our Constitution.
    We have it and we will never let it go as it gives us the key to the ability, through government, to secure natural and legal rights, among those being: life, liberty and the pursuit of happiness. Why would you let go of a country with a document that attempts to do that for its citizens?   

    As long as there are those willing to do what it takes to protect the Constitution and the country under that Constitution…as long as the truths upon which the country is based are kept in the hearts of the majority, no matter what party, there will be America. (It will not be America under soft despotism or full-on socialism.)
     
    We don't need "hegemony." We just need to keep what we have: A nation of happy, prosperous people, due to liberty and the boundaries of law based on justice.
     
    Computer Technology must be managed. It is a tool.
    It must be used for Life. Not Power. Love/Life is a better aim than mere Power.
    ….meaning, Power for the sake of itself alone.
    Right?

  3. Kathryn L Hill profile image84
    Kathryn L Hillposted 2 years ago

    BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. The grouping was originally known as "BRIC" before the inclusion of South Africa in 2010. The BRICS members are all developing or newly industrialised countries, but they are distinguished by their large, fast-growing economies and significant influence on regional and global affairs; all five are G-20 members. As of 2013, the five BRICS countries representalmost 3 billion people, with a combined nominal GDP of US$16.039 trillion, and an estimated US$4 trillion in combined foreign reserves. Presently, South Africa holds the chair of the BRICS group, having hosted the group's fifth summit in 2013. The BRICS have received both praise and criticism from numerous quarters. Wikipedia

  4. Kathryn L Hill profile image84
    Kathryn L Hillposted 2 years ago

    International Monetary Fund
    The International Monetary Fund (IMF) is an international organization that was initiated in 1944 at the Bretton Woods Conference and formally created in 1945 by 29 member countries. The IMF's stated goal was to assist in the reconstruction of the world's international payment system post–World War II. Countries contribute funds to a pool through a quota system from which countries with payment imbalances temporarily can borrow money and and other resources. As of the 14th General Review of Quotas in late 2010 the fund stood at SDR476.8bn, or about US$755.7bn at then-current exchange rates. Through this fund, and other activities such as surveillance of its members' economies and the demand for self-correcting policies, the IMF works to improve the economies of its member countries.other resources.
    As of the 14th General Review of Quotas in late 2010 the fund stood at SDR476.8bn, or about US$755.7bn at then-current exchange rates. Through this fund, and other activities such as surveillance of its members' economies and the demand for self-correcting policies, the IMF works to improve the economies of its member countries.Through this fund, and other activities such as surveillance of its members' economies and the demand for self-correcting policies, the IMF works to improve the economies of its member countries. Wikipedia

  5. Kathryn L Hill profile image84
    Kathryn L Hillposted 2 years ago

    Hegemony: (UK /hɨˈɡɛməni/, US /hɨˈdʒɛməni/; Greek: ἡγεμονία hēgemonía, "leadership" and "rule") is an indirect form of government, and of imperial dominance in which the hegemon (leader state) rules geopolitically subordinate states by the implied means of power, the threat of force, rather than by direct military force. In Ancient Greece (8th century BCE – 6th century CE), hegemony denoted the politico–military dominance of a city-state over other city-states. Wikipedia

    Hegemony: |həˈjemənē, ˈhejəˌmōnē| noun
    leadership or dominance, esp. by one country or social group over others:
    Dictionary.

    Hegemony: Leadership, dominance, dominion, supremacy, authority, mastery, control, power, sway, rule, sovereignty. Thesaurus

  6. Kathryn L Hill profile image84
    Kathryn L Hillposted 2 years ago

    Would their new bank be a check against the World Bank?
    If so, it would be a positive.
    "The World Bank is a United Nations international financial institution that provides loans to developing countries for capital programs. The World Bank is a component of the World Bank Group, and a member of the United Nations Development Group." Wikipedia

    1. maxoxam41 profile image79
      maxoxam41posted 2 years ago in reply to this

      It will at least not enslave countries in dire needs.

 
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