GOLDILOCKS
"BRICS refers to certain emerging market countries—Brazil, Russia, India, China, South Africa, and more—that seek to establish deeper ties between member nations and cooperate on economic expansion, including trade. The countries act as a counterbalance to traditional Western influence."
When the BRICS Nations become strong enough to have a trading influence equal to or greater than the Western Culture, there will be bilateral agreements "only" as a reason for us to sign documents in the near term.
This is expected to change in about two decades when the BRICS Nations are expected to be strong enough to overtake the dollar. The transition of the dollar is expected to be a slow process. In the meantime, the Dollar Act is in process of moving through Congress to support this transition.
To have a (digital) currency strong enough to challenge the dollar or equal within its dominance able to level the playing field for the BRICS Nations, they will more than likely have a gold backed digital trading coin that will give them the capacity to do so.
© Goldilocks
https://www.congress.gov/bill/118th-congress/house-bill/556
https://www.investopedia.com/terms/b/brics.asp#:~:text=BRICS%20refers%20to%20certain%20emerging,counterbalance%20to%20traditional%20Western%20influence.
https://issafrica.org/iss-today/brics-and-the-future-of-the-us-dollar#:~:text=BRICS%2B%20will%20probably%20only%20surpass,plunge%20smaller%20economies%20into%20turmoil.
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