Tag: BRICS

Trump is Seething About BRICS

BRICS is totally anti-American in the sense that it wants to create an international trade independent of the dollar and independent of exchanges based in the United States. Something that has been developed over decades after WWII.

US dollar is overvalued because it is a currency of international trade. This gives the US a high purchasing power but it also means that US production is too expensive for export. Rust belts in America, Detroit and other places are suffering because of it. These areas tended to vote Trump, who promised to bring back production.

In office however, Trump defends the status of the dollar and US predominant place in international trade. He wants the cake and eat it too.

Russia to Build Crypto mining and AI Infrastructure in BRICS Nations

Not so long ago, Russia was dismissive of cryptocurrencies but has since been orange pilled and came full circle…

From Forbes:

Russia’s largest data center operator BitRiver has partnered with the Russian Direct Investment Fund to build mining and AI computing facilities across BRICS nations.

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“We will focus on creating a mining-based infrastructure – building data centers and connecting them to necessary power sources to enable AI project deployment and development across the country,” said BitRiver CEO Igor Runets according to the announcement.

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The companies cite a global shortage of energy-intensive data center capacity as a key driver for expansion. The initiative aligns with Russia’s push to strengthen its position as the world’s second-largest crypto mining market after the United States.