Seeds of Wisdom RV and Economic Updates Thursday Morning 1-2-25
Good Morning Dinar Recaps,
BRICS NEWS: TURKEY BACKTRACKS ON ALLIANCE, JOINS SAUDI ARABIA
▪️Turkey and Saudi Arabia won’t join BRICS as both nations pulled back their membership plans.
▪️Trump’s planned return and threats of heavy tariffs on nations moving away from the U.S. dollar have made countries hesitant to join the economic bloc.
Turkey has withdrawn its interest in joining the BRICS economic alliance. Turkey’s decision aligns with Saudi Arabia’s, marking a significant setback for the bloc’s expansion plans ahead of 2025. The move is regaining momentum in light of escalating geopolitical tensions and the risks of American action against countries trying to lessen dollar dependence.
Key Nations Step Back from BRICS Membership
Turkey’s failure to go forward with BRICS membership is a key political twist. Turkey is a NATO member and would have been the first to join both alliances. The country spent considerable time propagating for the membership throughout the year, but it rejected the offer given to it as one of the first batches of partner countries.
Saudi Arabia’s case is similar to Turkey’s, although, at one point, it agreed to a request during the 2023 annual summit. The Kingdom has officially suspended its membership process, thus contributing to increasing problems confronting the economic bloc in its formative stage.
U.S. Opposition and Economic Pressures Shape Decision-Making
The expected return of Donald Trump to power in the White House has brought new considerations regarding membership of the BRICS group. As previously reported by Crypto News Flash, Trump’s threat of 100% tariffs on nations willing to leave the U.S. dollar has become a major impediment to potential members.
As a result of such policy, BRICS has been able to enlist nine new partner countries, and here again, the two most relevant participants, Turkey and Saudi Arabia, are conspicuous in their absence. The block’s attempts to counter de-dollarization have intensified and lost ground, especially considering the possible continuation of the American opposition under the Trump presidency.
Impact on BRICS’ Future Trajectory
The partial withdrawal of interest from Turkey and Saudi Arabia shows the dynamics that countries face in the world today when trying to find new economic alliances while keeping their time-tested allies. In addition to Turkey, Nigeria, Vietnam, and Algeria rejected an invitation to join the alliance, implying that other potential members have also been reluctant.
These developments raise fundamental questions about the BRICS expansion model and its capacity to attract major players in an increasingly polarized global landscape. The circumstances show how the membership of the economic alliance has changed from purely financial aspects to a political stand.
It is difficult to say conclusively whether the bloc’s objectives will be achieved and why its endeavors, such as de-dollarization, have recently intensified.
At the same time, it can be stated that the very potential of this process may force its participants and potential members to rethink existing approaches and solve a number of problems that stem from the fact of their existence as actors in the current system of international relations and the modern world economy.
@ Newshounds News™
Source: Crypto News Flash
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BRICS NEWS: 23 COUNTRIES SHOW INTEREST TO JOIN BRICS IN 2025
The number of countries willing to join the BRICS alliance in 2025 is rapidly growing. More than 20 countries have expressed their interest in joining the bloc and participating in decision-making.
The group is ushering in a new financial era independent from the clutches and dominance of the US dollar. The alliance is pushing de-dollarization as its sole goal, aiming to make local currencies the center of all trade and transactions.
BRICS: 23 Countries Express Interest to Join Alliance in 2025
A Russian diplomat confirmed that around 23 countries are showing interest in joining BRICS in 2025. Russian Presidential aide Yury Ushakov revealed that the alliance is open to inviting like-minded countries to join the bloc. The move will strengthen the prospects of local currencies and challenge the US dollar on the global stage.
“The doors of the association remain open to like-minded countries. At the moment, over two dozen more countries have shown interest in a systemic dialogue with BRICS,” in 2025 said Ushakov. Emerging economies find the alliance lucrative as it’s the only group that’s challenging the hegemony of the US dollar.
The countries that want to join BRICS in 2025 are: “Azerbaijan, Bahrain, Bangladesh, Burkina Faso, Cambodia, Chad, Colombia, the Republic of the Congo, Equatorial Guinea, Honduras, Laos, Kuwait, Morocco, Myanmar, Nicaragua, Pakistan, Palestine, Senegal, South Sudan, Sri Lanka, Syria, Venezuela, and Zimbabwe,” said the aid
However, Ushakov explained that uncontrolled expansion would lead to the association breaking up its thought process. He said that BRICS needs to cherry-pick its partners carefully in 2025 to thrive and survive. “It is clear that uncontrolled expansion of our association would break its backbone. We believe that we need gradual, harmonized, and accurate steps. Like those we have been taking throughout our chairmanship,” Ushakov summed it up.
@ Newshounds News™
Source: Watcher Guru
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Franklin Templeton predicts Bitcoin reserves to expand globally in 2025
Politicians in Germany and Hong Kong have signaled their interest in adopting strategic Bitcoin reserves for their nations.
@ Newshounds News™
Source: CoinTelegraph
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Proposal mandating the Swiss National Bank to hold Bitcoin now underway
The Swiss Bitcoiners must rack up 100,000 signatures from Switzerland’s 8.92 million residents by June 30, 2026, to trigger a public referendum.
@ Newshounds News™
Source: CoinTelegraph
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