To: Harshu Vyas who wrote (75661 ) 5/18/2024 11:52:39 AM From: E_K_S 3 RecommendationsRecommended By bruwin Lance Bredvold S. maltophilia
Respond to of 78958 The biggest Red Flag for me is the "Political" risk. Remember who the BRIC Countries are? perplexity.ai The BRICS countries are Brazil, Russia, India, China, and South Africa. Here are some key points about their alliance and position on US domestic and foreign policy:BRICS is an economic alliance formed in 2009 to promote cooperation among the major emerging economies. It accounts for around 31.5% of global GDP and 41% of the world's population. The BRICS countries have increasingly aligned themselves as an alternative to the US-led Western order, seeking to reduce dependence on the US dollar and Western-dominated institutions like the World Bank and IMF. They have deepened cooperation in areas like finance, trade, security, and sustainable development, with growing convergence on joint policies that sometimes diverge from US interests. After the Ukraine war and Western sanctions on Russia, BRICS countries have strengthened economic ties with Russia and opposed isolating it, ensuring its economic survival. This has increased tensions with the US. BRICS members like China, India, and South Africa have critiqued the use of economic sanctions and the global financial system as instruments of geopolitical contestation by the US and West. The BRICS push for "dedollarization" and use of local currencies in trade is driven partly by concerns over potential US sanctions freezing their dollar assets or cutting them off from the dollar system. However, important US partners like India have also played a major role in strengthening BRICS cooperation, creating challenges for US policy towards the group. In summary, while not overtly anti-US, the BRICS alliance is increasingly presenting an alternative economic and financial order that challenges US dominance and foreign policy tools like economic sanctions. US is using economic sanctions on those Countries that do not align with their views (look at the huge proposed sanctions on China 100% on ALL EV's). So India may/could do the same against the US or in some alliance w/ the BRIC Countries. As a result, I tend to avoid all companies that have this type of 'political' exposure especially if those companies have a lot of their revenues coming from the US.