I see. Another possible positive, then, might be in giving some states an alternative to the IMF if restructuring is ‘needed’ within the BRICSphere.
I recall a recent story of Britain and or France offering ‘development’ money to ‘Africa’. It was a pittance and would be recouped through imperialism, I’m sure, but it was implied that this would give ‘Africa’ the ‘independence’ it would need to be able to avoid ‘Chinese imperialism’. Ironic, I know. It’ll be funny if/when these ‘beneficiaries’ turn around and rely on a BRICS reserve currency, to reduce the value of Western debt to nothing.
I see. Another possible positive, then, might be in giving some states an alternative to the IMF if restructuring is ‘needed’ within the BRICSphere.
I recall a recent story of Britain and or France offering ‘development’ money to ‘Africa’. It was a pittance and would be recouped through imperialism, I’m sure, but it was implied that this would give ‘Africa’ the ‘independence’ it would need to be able to avoid ‘Chinese imperialism’. Ironic, I know. It’ll be funny if/when these ‘beneficiaries’ turn around and rely on a BRICS reserve currency, to reduce the value of Western debt to nothing.
For sure, there already lots of examples of countries getting loans from China on much better terms than IMF offers.