Brics: The G-7 Economic Alliance’s Rival, Explained | WSJ

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  • เผยแพร่เมื่อ 18 ธ.ค. 2024

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  • @paulocembranelli5514
    @paulocembranelli5514 ปีที่แล้ว +1006

    Brics are NOT trying to challenge or counter western dominance but be an alternative, as a Brazilian I can say we are concerned with our financial, trading, social and cultural interests rather than the so called West or G7's interests, we are not neutral, for or against the West...

    • @badluck5647
      @badluck5647 ปีที่แล้ว +96

      Basically, Brazil wants to trade with human rights violators without worrying about sanctions.
      Russia war crimes and Chinese putting Muslims in camps shouldn't get in the way of Brazil trade. I guess....

    • @gabrieldiasmelo
      @gabrieldiasmelo ปีที่แล้ว +536

      @@badluck5647if anyone was truly consern about that no one would trade with USA.

    • @marcos-ll2yr
      @marcos-ll2yr ปีที่แล้ว

      a@@badluck5647 and US did more terrible things than China and Russia combined hipocrisy? hahahaha US loves war around the world to gain more power and money, give me a break

    • @ailtonsribeiro
      @ailtonsribeiro ปีที่แล้ว +215

      @@gabrieldiasmelo perfect

    • @siarnaqfrost4968
      @siarnaqfrost4968 ปีที่แล้ว +176

      @@gabrieldiasmelo Nailed it!

  • @Rochelletrem
    @Rochelletrem ปีที่แล้ว +977

    BRICS seeks to create a new currency, considering gold's historical role as a store of value and medium of exchange. However, the functionality and acceptance of a gold-backed currency in the current global financial system are uncertain. Creating a new currency requires careful consideration of economic, political, and logistical factors.

    • @philipr1759
      @philipr1759 ปีที่แล้ว +4

      The discussions and proposals surrounding BRICS nations' potential use of gold are intriguing. People choose to buy gold for various reasons, such as its historical role as a store of value and medium of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolios due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance, and financial situation before deciding.

    • @jeffery_Automotive
      @jeffery_Automotive ปีที่แล้ว +4

      I find gold investment reliable and aim to buy more to recover losses. Silver is also a good investment but differs from my collectibles. Clear investment goals and education are crucial. I work with Julie Anne Hoover, a SEC-regulated financial consultant. Starting with modest investments, I accumulated nearly $799k over time.

    • @EllenAbrex
      @EllenAbrex ปีที่แล้ว +3

      @@jeffery_Automotive How can i reach her, because I’m seeking for a more effective investment approach on my saving.

    • @jeffery_Automotive
      @jeffery_Automotive ปีที่แล้ว +3

      Julie Anne Hoover maintains an online presence that can be easily found through a simple search of her name on the internet.

    • @EllenAbrex
      @EllenAbrex ปีที่แล้ว +2

      @@jeffery_Automotive After locating her, I composed an email and arranged a phone conversation. I'm optimistic that she will reply, and my goal is to conclude 2023 on a financially successful note.

  • @kelvinjohnson4
    @kelvinjohnson4 ปีที่แล้ว +1140

    It's interesting to learn more about the discussions and proposals around BRICS nations and their potential use of gold. There are several reasons why people may choose to buy gold, including its historical use as a store of value and means of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities.
    Additionally, gold can offer diversification benefits to investment portfolios, as it tends to have a low correlation with other asset classes like stocks and bonds. However, it's important to note that investing in gold carries risks and may not be suitable for evervone. and investors should carefully consider their investment objectives, risk tolerance, and financial situation before making any decisions

    • @williamsbrown4026
      @williamsbrown4026 ปีที่แล้ว +4

      However, it is unclear how a new currency backed by gold would function in the current global financial system and whether it would gain widespread acceptance. Ultimately, any decision to create a new currency would be subject to numerous economic, political, and logistical considerations.

    • @LionTowercoporation
      @LionTowercoporation ปีที่แล้ว +4

      Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you..

    • @KelvinWallace
      @KelvinWallace ปีที่แล้ว +4

      That is why I work with Colleen Janie Towe, who introduced me to a better financial community, a verified organization where I learned how investing works and how to invest proficiently, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made..

    • @UshnicYuvnikof
      @UshnicYuvnikof ปีที่แล้ว +3

      @@KelvinWallace That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

    • @KelvinWallace
      @KelvinWallace ปีที่แล้ว +4

      @@UshnicYuvnikof primarily you can find her basic information online, you are welcome to do further study.

  • @iali00
    @iali00 ปีที่แล้ว +746

    I hope they succeed because the IMF and World Bank are the WORST thing to happen to developing countries.

    • @scotthenderson292
      @scotthenderson292 ปีที่แล้ว +77

      I think the Chinese debt traps are worse.

    • @hamzamahmood9565
      @hamzamahmood9565 ปีที่แล้ว

      Putin is literally destroying or holding back food supplies to developing countries, and you guys want him in your alliance?

    • @Western_Decline
      @Western_Decline ปีที่แล้ว +123

      IMF and World Bank: actual debt trap diplomacy. "Western" people never seem to ask why developing countries are asking for loan after loan after loan after loan.

    • @berserkhorimiya
      @berserkhorimiya ปีที่แล้ว

      Only half literate people make this claim, world bank provides cheap loans but demands clarity and auditing of said projects. IMF is an emergency loan provider, don't go to them if you don't like them.

    • @scotthenderson292
      @scotthenderson292 ปีที่แล้ว +17

      @Western_Decline "western decline". Well there's no burying the lead with you. You troll out in the open.

  • @SportZFan4L1fe
    @SportZFan4L1fe ปีที่แล้ว +260

    BRICS not only are huge Commodity countries, but they also have HUGE Populations. They will be able to produce their own products, trade amongst each other, and no longer rely on Western "consumers."

    • @Batman-vr6jp
      @Batman-vr6jp ปีที่แล้ว +1

      These are dictatorship countries cannot work together for long

    • @bruxi78230
      @bruxi78230 ปีที่แล้ว

      This whole thing is a joke of a concept. The two major economies China and India have a robust hate for each other. Russia has a ruined economy for the next 30 years. Brazil and South Africa have zip to do with the other countries. This is a cruel joke that won't work. Brics was only invented by a Goldman Sachs economist as a way to rapidly refer to a group of countries.

    • @armenabulyan301
      @armenabulyan301 ปีที่แล้ว +20

      Yes, imagine BRICS just 6 countries are 50% of the world's population 😳 China and India are 3 Billion...lol

    • @pauloziliani260
      @pauloziliani260 ปีที่แล้ว +24

      And get rid of western sanctions.

    • @_Wai_Wai_
      @_Wai_Wai_ ปีที่แล้ว +25

      G7, former colonial imperialist countries, or former fascist countries during WW2.

  • @jacksteven781
    @jacksteven781 ปีที่แล้ว +615

    I would be more hesitant of my words if I were a large news organisation like the WSJ. I would state clearly that China and Russia wish for BRICS to be antithetical to the G7 and NATO. But India and Brazil mainly, wish for BRICS to be a foundation for economic growth rather than a cause of global political insecurity.

    • @Fiftycents50
      @Fiftycents50 ปีที่แล้ว

      Brazil India South Africa need to be replaced by Venezuela, Iran, and Syria…and I throw in North Korea for fun!

    • @guilhermegarcia1183
      @guilhermegarcia1183 ปีที่แล้ว +214

      I will give my vision as a Brazilian and I imagine that India is the same. The vast majority of the government and population, I guess 95%, do not trust the US and Europe at all, but accept it out of necessity. But the dream is not to depend anymore, so if there is any hope of going somewhere else, we will.

    • @sibimathen1451
      @sibimathen1451 ปีที่แล้ว +28

      Bingo, further South Africa is recently siding more with the former.

    • @zakb7418
      @zakb7418 ปีที่แล้ว +49

      same with g20 are usseles they focus on politic not economy, west country try so hard to push idea agenda politic in g20

    • @anastasiab9506
      @anastasiab9506 ปีที่แล้ว

      the only cause of global political insecurity IS the collective "West" with its' imperialistic warmongering policies.

  • @OccultDemonCassette
    @OccultDemonCassette ปีที่แล้ว +468

    Good luck to them. We definitely need more diverse options like this available.

    • @ciaronsmith4995
      @ciaronsmith4995 ปีที่แล้ว +6

      Iran definitely.

    • @Human_01
      @Human_01 ปีที่แล้ว

      [QUOTE]
      BRICS will successfully expand (as it should); as it is essentially an alternative globalisation ecosystem, - and one that is not reliant on the "Western" [continent] (humanities shared, colonial foe) industries.
      A predominant and powerful advantage in joining the non-western, "ecosystem of globalization"[BRICS] _(largely consisting of "developing" nations/"non-whites")_ is the obsolescence of 'sanctions'. Sanctions will no longer be an effective and viable tool to shackle, coerce, or parasite on non-western nations. The [narcissitic] West will not be able to readily exploit that political option as they eager have been able to... They will need to exercise their supposed intelligence in order to survive the slight inconvenience.
      As the BRICS globalization-ecosystem [diligently] continues to grow and expand, geopolitical power will shift away from the West and towards the rest of the world instead...
      Resultantly, the West will lose political power, influence, and relevance on a global scale. Like France, this will make the West increasingly desperate and eager to generate "excuses", - that will be primed to invent and facilitate spontaneous [foreign] disputes and terrorism overseas. This predictable, repetitive [Western] crime and act will be a covert attempt by colonisers to once again become relevant, and stand center-stage [geopolitically] globally. Their war-machine will grow hungry, as it is their "trump-card" and 'go-to'. This would inconvenience and endanger the rest of the world, one way or another _(e.g. [geo]politically, interrupt globalisation, trigger chaotic migration, threaten the friendship and ties between foreign nations [except for the West/former colonial powers, as usual; they stay bound together in peace, while the rest of the world remains at friction and at odds with each other]_ .
      To that end, countermeasures will need to be set in place to counteract or stall the west's desperation, aggression, and the effectiveness of western 'media-propaganda' (it needs to be made obsolete).
      /End.

    • @betweenyellowan_dred
      @betweenyellowan_dred ปีที่แล้ว +1

      Ex pats Future domicile mass emigration

    • @chriswong9158
      @chriswong9158 ปีที่แล้ว

      @@ciaronsmith4995 Since the 1970's, now Iran made partnership, given them room to grow. Watch !!!

    • @davidmoss2576
      @davidmoss2576 ปีที่แล้ว +3

      @@betweenyellowan_dred This is actually anti migration due to development of local economies.

  • @ayushkumar-bg1xf
    @ayushkumar-bg1xf ปีที่แล้ว +130

    G7 is past, G20 is present and BRICS is future

  • @Bavafa1
    @Bavafa1 ปีที่แล้ว +153

    This is what happens when you squeeze and squeeze others and use your currency as a weapon. An alternative to the dollar will provide some balance in the world.

    • @KCKnowsBest
      @KCKnowsBest ปีที่แล้ว +7

      Well I hate to break it to you, its not happening. The dollar isn't going anywhere. A month ago, India's foreign minister said "Theres no idea of a Brics currency. We are focused on bolstering our own currency". The boss of Brics bank last week said " Than Bank operates in Dollars for a specific reason. Dollars are where the most liquidity are" He also said "Theres no parallel universe to the dollar"

    • @Bavafa1
      @Bavafa1 ปีที่แล้ว +32

      @@KCKnowsBest And my prediction is that it is not a matter of IF but WHEN, unless there are some course corrections.

    • @WorldIsWierd
      @WorldIsWierd ปีที่แล้ว

      A balanced world is a very violent world. The dollar keeps people who want to trade globally from easily funding war machines. That comes back without the dollar.

    • @WorldIsWierd
      @WorldIsWierd ปีที่แล้ว +1

      @@Bavafa1 But the course correcting cant be on the US end. If they stop prevent people from funding a war machine then global trade ends immediately

    • @ppen8359
      @ppen8359 ปีที่แล้ว +6

      @@Bavafa1 I would say NEVER. US dollar cannot be replaced by any currency. No country is as economically stable. A war against Taiwan and Chinese Yaun goes down the drain. Any war that India has will result in similar currency devaluation. America just fought over 20 year long war and still is fighting proxy war in Ukraine and its currency is as strong as ever. US dollar is well tested currency and no country will ever come anywhere close to it.

  • @3rodrigoslima
    @3rodrigoslima ปีที่แล้ว +153

    LONG LIVE BRICS 🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦

    • @lvdv4645
      @lvdv4645 ปีที่แล้ว +8

      they are miles behind the west

    • @petergreen5337
      @petergreen5337 ปีที่แล้ว +2

      Well said.

    • @betweenyellowan_dred
      @betweenyellowan_dred ปีที่แล้ว +4

      Long life to stable sane marketplace. A place to raise a family.

    • @shonaelizemarkgraaff4778
      @shonaelizemarkgraaff4778 ปีที่แล้ว

      ​May be true but the west has no resources, they get it from us, how many of these countries people are in the "west" because of our skills but lack of opportunity or unfavorable living conditions, we can now all go home and build our home lands with our resources and thrive on that. Also the US isn't all moon shine and roses, we have strength in numbers and very costly resources that were taken from the "west" for next to nothing - if Brics does create their own currency for global trade, which is supposedly supposed to weaken the dollar in order to strengthen our economies, America might just end up living like we used to all along...

    • @shonaelizemarkgraaff4778
      @shonaelizemarkgraaff4778 ปีที่แล้ว

      Also in the Christian Bible the First World Order has been prophesied - we can't deny our breakthrough 🎉❤

  • @harounsamadi2527
    @harounsamadi2527 ปีที่แล้ว +97

    Go brics ❤

  • @MRFANTOMification
    @MRFANTOMification ปีที่แล้ว +123

    I am writing from Russia. Welcome to new allies, BRICS is the embodiment of the fact that Slavs and Arabs, Africans and Latin America, Chinese and Indians can become one, something that was once impossible due to cultural, historical and national contradictions. Could our ancestors have imagined it? In our country, since the times of the USSR, they have been teaching that there can be one race and nationality - a person. 2024, we will be one step closer to this imminent reality.

    • @Bruh-jw2ze
      @Bruh-jw2ze ปีที่แล้ว

      Fyi Chinese and Indians, arabs and Indians, Russians and Indians had been peacefully coexisting and trading for thousands of years until certain western nations decided to put it all upside down

    • @jacobdalmond2060
      @jacobdalmond2060 ปีที่แล้ว +7

      👏👏

    • @YaSunny0409
      @YaSunny0409 ปีที่แล้ว +10

      Become one … haha good luck with that.

    • @johnchan4136
      @johnchan4136 ปีที่แล้ว +1

      Certainly Primacov had no problem to forsee that happens and that is the triadic relations between Russia, India and China in the greater BRICS formation and one day, outside that greater formation will be just the G7+/-. That is the G7+/- will be surrounded with no chance to escape.

    • @lemachro
      @lemachro ปีที่แล้ว +10

      Take it easy bro. This is just a financial group, nothing to do with cultures.

  • @kennyyodune1727
    @kennyyodune1727 ปีที่แล้ว +178

    It's basically the growing Global South versus the Imperialist Core.

    • @mbarrela
      @mbarrela ปีที่แล้ว +13

      Non-Democracies vs Democracies

    • @vdocrazee
      @vdocrazee ปีที่แล้ว

      ​@@mbarrela 3 out of 5 BRICS nations are democracies. Try harder.

    • @petergreen5337
      @petergreen5337 ปีที่แล้ว +1

      Precisely

    • @suckassmork2972
      @suckassmork2972 ปีที่แล้ว +5

      While they have Russia as the imperialist/aggressor.

    • @tobiwan001
      @tobiwan001 ปีที่แล้ว +11

      you mean the imperilaists of the 19th century vs the imperialists of the 21st? Or what would you call China and Russia?

  • @auro1986
    @auro1986 ปีที่แล้ว +51

    why? america and europe's trade monopolies and sanctions

    • @Human_01
      @Human_01 ปีที่แล้ว

      [QUOTE]
      BRICS will successfully expand (as it should); as it is essentially an alternative globalisation ecosystem, - and one that is not reliant on the "Western" [continent] (humanities shared, colonial foe) industries.
      A predominant and powerful advantage in joining the non-western, "ecosystem of globalization"[BRICS] _(largely consisting of "developing" nations/"non-whites")_ is the obsolescence of 'sanctions'. Sanctions will no longer be an effective and viable tool to shackle, coerce, or parasite on non-western nations. The [narcissitic] West will not be able to readily exploit that political option as they eager have been able to... They will need to exercise their supposed intelligence in order to survive the slight inconvenience.
      As the BRICS globalization-ecosystem [diligently] continues to grow and expand, geopolitical power will shift away from the West and towards the rest of the world instead...
      Resultantly, the West will lose political power, influence, and relevance on a global scale. Like France, this will make the West increasingly desperate and eager to generate "excuses", - that will be primed to invent and facilitate spontaneous [foreign] disputes and terrorism overseas. This predictable, repetitive [Western] crime and act will be a covert attempt by colonisers to once again become relevant, and stand center-stage [geopolitically] globally. Their war-machine will grow hungry, as it is their "trump-card" and 'go-to'. This would inconvenience and endanger the rest of the world, one way or another _(e.g. [geo]politically, interrupt globalisation, trigger chaotic migration, threaten the friendship and ties between foreign nations [except for the West/former colonial powers, as usual; they stay bound together in peace, while the rest of the world remains at friction and at odds with each other]_ .
      To that end, countermeasures will need to be set in place to counteract or stall the west's desperation, aggression, and the effectiveness of western 'media-propaganda' (it needs to be made obsolete).
      /End.

  • @MegaPapa8888
    @MegaPapa8888 ปีที่แล้ว +28

    Indonesia (from Asia), Turkey (from Europe), Algeria (from Africa), Venezuela and/or Chile (S. America) are waiting in line to join BRICS in 2024. The momentum to grow is tremendous.

    • @pauloferreira1319
      @pauloferreira1319 ปีที่แล้ว +7

      turkey moved to Europe? Is an immigrant country?

    • @sachiinrauut7790
      @sachiinrauut7790 ปีที่แล้ว +1

      Turkey in Europe?

    • @THETRUTH-BR
      @THETRUTH-BR ปีที่แล้ว

      Europe is not just west Europe@@pauloferreira1319

    • @Royalbob123
      @Royalbob123 11 หลายเดือนก่อน

      40+ countries have applied to join BRICS + . They have just included 5 countries . They may include some more during next meeting in Russia. It’s a very detailed qualification process .

    • @cheatcoddes
      @cheatcoddes 7 หลายเดือนก่อน

      @@Royalbob123 nope. they only included 4, but saudi arabia and argentina are still waiting.

  • @filipeterra2603
    @filipeterra2603 ปีที่แล้ว +70

    The difference between the West and Russia/China is that the West only defend human rights when it is conveniant for them, while ignoring or openly supporting its violation when they can profit from it. Russia and China don't waste their time being so hypocritical they just openly renounce or ignore human rights all together.

    • @ivanteo1973
      @ivanteo1973 ปีที่แล้ว

      ironically large number of BRICS citizens immigrated to the West because of human rights and future, so its clear Russia and China and BRICS are hypocritical.

    • @nkosinathingcobo6051
      @nkosinathingcobo6051 ปีที่แล้ว +7

      They are driven by economic opportunities not human rights. More than anything else people migrate from developing countries to the western seeking for better opportunities. Don't confuse the two

    • @ivanteo1973
      @ivanteo1973 ปีที่แล้ว +2

      @@nkosinathingcobo6051 ain't developing world has more opportunities and potential than developed world? I think you are confused. And if humans rights and freedom are not important, what are you expressing your views in youtube? But of course, if you are from Africa, which has no human rights, immigration to China makes no difference.

    • @JackTenrec-qk4zp
      @JackTenrec-qk4zp ปีที่แล้ว +1

      what a demented comment

    • @AlexCatable
      @AlexCatable ปีที่แล้ว +7

      ​@@fourpawsaudiovisualproduct1557you didn't get the message. Western countries respect human rights of their own citizens. But they are ready to actively trample on other countries human rights when it suits their interests. Making them very attractive for immigration but not popular as international players.

  • @AbiManyu-mv3ly
    @AbiManyu-mv3ly ปีที่แล้ว +367

    It cannot be denied that the economy has shifted from West to East. Countries in Southeast Asia that are members of ASEAN are predicted to be the European of the future. Indonesia is needed and invited to join BRICS as a representative for ASEAN countries, where the EV industry is developing very fast in Indonesia.

    • @chinguunerdenebadrakh7022
      @chinguunerdenebadrakh7022 ปีที่แล้ว +60

      Possibly, but believe it or not, going from poor to middle income is the "easy" part. Going from middle income to highly developed like US or Europe is the hard part. There's a thing called "middle income trap" in economics where countries who developed thanks to cheap labor find their development because of their very success, their labor is now expensive, the factories move out and the country had failed to develop their own economic engines. Brazil, Argentina, South Africa, Russia, Mexico are notable examples of this.
      Going beyond middle income sustainably (aka not a oil rich kingdom) has been achieved by Japan, South Korea, Singapore, Taiwan.

    • @Sanyu-Tumusiime
      @Sanyu-Tumusiime ปีที่แล้ว +6

      This is terrible for America. We need to stop them.

    • @lvdv4645
      @lvdv4645 ปีที่แล้ว +9

      you can not even compare the state of life in india to europe mate, but try as hard as you want.

    • @Sanyu-Tumusiime
      @Sanyu-Tumusiime ปีที่แล้ว

      @@lvdv4645 China is superior to Europe. Look at how they live.

    • @mlg1279
      @mlg1279 ปีที่แล้ว +28

      ​@@lvdv4645 Although there's poverty in India, millions of Indians live better lives than in EU

  • @rodolfomartinez9768
    @rodolfomartinez9768 ปีที่แล้ว +40

    BRICS is the great hope for respect and peace on the planet.

    • @axa3687
      @axa3687 ปีที่แล้ว

      China has uyghur concentration camps, struck Hong Kongers, and wants to take Taiwan, meanwhile Russia's literally killing Ukrainians. ReSpEcT and PeACe. sure...

    • @JaysLife78
      @JaysLife78 ปีที่แล้ว

      You don't understand what BRICS is do you?

    • @yoj7590
      @yoj7590 ปีที่แล้ว

      Peace and respect they surely have that. China and India have a territorial dispute, Russia invaded a country and they are currently losing that, China doesn't even have an ally in western Pacific because of aggression.

  • @PatriotOfPersia
    @PatriotOfPersia ปีที่แล้ว +43

    Long Live BRICS I'm From Iran
    Our Economy Will Rise Again 🏅🇮🇷

    • @GeopoliticStraightTalk
      @GeopoliticStraightTalk ปีที่แล้ว +3

      Never Give up your dreams, even if you will never reach them!

    • @ailtonsribeiro
      @ailtonsribeiro ปีที่แล้ว +2

      seja bem vindo. Acho que em breve vcs farão parte também

    • @Hmonks
      @Hmonks ปีที่แล้ว +5

      Should allow your women to choose what they want to wear

    • @PatriotOfPersia
      @PatriotOfPersia ปีที่แล้ว

      @@Hmonks
      First We Need a Good Economy
      Our GDP Must be 1/5 Trillion not 300 billions

    • @antontobak3491
      @antontobak3491 ปีที่แล้ว

      Привет из России

  • @comrade9374
    @comrade9374 ปีที่แล้ว +170

    BRICS currency for trade must be main agenda

    • @osvaldotobon3675
      @osvaldotobon3675 ปีที่แล้ว +15

      Not happening.

    • @HakunaBatata-v2n
      @HakunaBatata-v2n ปีที่แล้ว

      Will happen. Enough of one country dominance. This is not how the world should work. Who is even the U.S. to decide by itself?@@osvaldotobon3675

    • @funnymakerboy4199
      @funnymakerboy4199 ปีที่แล้ว

      Mean china money. Never happened

    • @berserkhorimiya
      @berserkhorimiya ปีที่แล้ว +11

      Lol, no. All of these countries have capital markets controls.

    • @davidhynes
      @davidhynes ปีที่แล้ว

      The USD will be King 🤴 for another 50+ years according to Warren Buffet on Bloomberg News.

  • @dengist8172
    @dengist8172 ปีที่แล้ว +39

    Indonesia and Saudi could be good candidates indeed

    • @aliefemu9755
      @aliefemu9755 ปีที่แล้ว +1

      many people in Indonesia like Europe and America, we love football European and European country, for old people Indonesia like Russia but they hate China😂

  • @thomastrinidade5617
    @thomastrinidade5617 ปีที่แล้ว +137

    The BRICKS dont want to be the next G7 or another G7 alternative they are just trying to improve their respective economies with cooperation which is different than declaring rules like the G7 does

    • @diogenes.
      @diogenes. ปีที่แล้ว +12

      But but but.. That's not what CNN says 😅

    • @ccc3
      @ccc3 ปีที่แล้ว +7

      Yeah, those annoying human rights rules, who needs those, am I right

    • @AL-lh2ht
      @AL-lh2ht ปีที่แล้ว +7

      Source: trust me bro. When xi literally said it was a G7 alternative he was lying according to you.

    • @_Rohit2002
      @_Rohit2002 ปีที่แล้ว

      You never know when we have money then policy can change

    • @badbad-cat
      @badbad-cat ปีที่แล้ว +17

      ​@@ccc3 G7 and human rights? Yeah totally. Let's forget the past and present actions of G7 nations but only dictate others about "human rights". Bravo

  • @ronsingh1090
    @ronsingh1090 ปีที่แล้ว +60

    Jim O'Neill coinned this term. May be not the first time, but on a economist suggestion a block is formed. And finally we again following his advice and expanding it. It's a amazing group in which India and China, so is Saudi and Iran are together. I truly wish we progress together.

    • @Kevin-fq3zh
      @Kevin-fq3zh ปีที่แล้ว +3

      or sink together

    • @__daddy__
      @__daddy__ ปีที่แล้ว +4

      lndia is dumping US dollar for Chinese Yuan in purchasing Russian oil. There's great amount of synergy within BRICS nations

    • @RR-pc7yv
      @RR-pc7yv ปีที่แล้ว +3

      @@__daddy__ That was just a temporary settlement. Otherwise, Indians aren't using Yuan/RMB for making payments. The case of Indian payments to Russia for oil imports in Yuan, is an exception and a temporary aka short term solution. BTW, India also used UAE's currency to pay Russians for oil imports. Russians have also accepted lots of Indian Rupees and have invested some of their earned Rupees in India.

    • @sih9696
      @sih9696 ปีที่แล้ว

      BRICS + wants to develop an alternate finance system in addition to SWIFT so countries can select which system is better for themselves. Furthermore, I believe transaction fees will be much cheaper than SWIFT.

    • @Kevin-fq3zh
      @Kevin-fq3zh ปีที่แล้ว

      @@sih9696 there are already SWIFT alternatives that has been around for some time & still cannot challenge SWIFT. China already has the CIPS & russia the SPFS. Your RBI has developed the SFMS since 2001 that no one bothers. Many indians don’t even know about it. haha

  • @armandomontillero8379
    @armandomontillero8379 ปีที่แล้ว +7

    Add of now six countries are accepted.
    Argentina, Egypt, Saudi Arabia, iran, UAE and Ethiopia

  • @KanuniSuleyman4857
    @KanuniSuleyman4857 ปีที่แล้ว +75

    BRICS becoming ointment for nations wounded by WEST ❤

    • @LambertBowden56
      @LambertBowden56 ปีที่แล้ว +7

      They all have conflicting interests and won't really accomplish much of anything.

    • @jwellsmediainc.4593
      @jwellsmediainc.4593 ปีที่แล้ว +8

      They won’t be any different.

    • @ScoobieDoo-zy1rh
      @ScoobieDoo-zy1rh ปีที่แล้ว

      @@LambertBowden56brics living rent free in your head , they must be doing something right .

    • @dreamhunter2973
      @dreamhunter2973 ปีที่แล้ว +3

      ​@@LambertBowden56Classic Western angle....😂😂😂.... The BRICS has been together for about 2 decades BTW.....😉😏😏

    • @kindlingking
      @kindlingking ปีที่แล้ว

      ​@@LambertBowden56of course they have, because they all lave voices and are free to speak. Compared to any western economic or military block where it's basically US and it's henchmen.

  • @nathanngumi8467
    @nathanngumi8467 ปีที่แล้ว +111

    BRICS is a good counterweight to Western hegemony. However as was said it should get a headstart in defining its values so as not to be roped into future conflicts between the West and China and Russia. Addition of countries like Saudi Arabia, Iran, Argentina, Indonesia, Egypt, Ethiopia, etc. will make it very attractive, especially the Development Bank and the dedollarization push.

    • @nmsl-wl8zi
      @nmsl-wl8zi ปีที่แล้ว +3

      Dude, you're the real scholar👍

    • @yomamasohot6411
      @yomamasohot6411 ปีที่แล้ว +8

      That's the thing, replacing the US hedgemony with the Chinese isn't a smart idea. But using their rivalry take any benefits you can is fair game.

    • @navinkumar6388
      @navinkumar6388 ปีที่แล้ว

      ​@@yomamasohot6411
      Euro's global payments usage via the SWIFT system plummets, favoring the US dollar and Chinese yuan, with the Euro at a historic low of 24.4%.

    • @_Wai_Wai_
      @_Wai_Wai_ ปีที่แล้ว +10

      G7, former colonial imperialist countries, or former fascist countries during WW2.

    • @戚文玮
      @戚文玮 ปีที่แล้ว

      The middle-income trap in developing countries is caused by Wall Street in the United States. The United States sacrifices human rights and natural resources in developing countries, then creates economic crises and steals the fruits of labor from developing countries.

  • @HarryMonn
    @HarryMonn ปีที่แล้ว +503

    The volatile India-China relationship might make it particularly challenging to achieve a clear vision of BRICS future.

    • @TheRealTopG01
      @TheRealTopG01 ปีที่แล้ว +135

      still they have been in this group from last 20 years

    • @IamHandsome4u
      @IamHandsome4u ปีที่แล้ว +3

      India should be out and iran or indonesia should take their place.

    • @Houthiandtheblowfish
      @Houthiandtheblowfish ปีที่แล้ว +7

      they are losing

    • @HakunaBatata-v2n
      @HakunaBatata-v2n ปีที่แล้ว

      1. India is decreasing its imports from around the world and trying to be self-reliant.
      2. Refined medicines are already being made here. So, no need of China here again.
      3. We don't need China for tools for making infrastructure. Idk who is saying rubbish to you. Have you heard of make in India scheme?
      4. We can heavily afford Japan, German and America if we need. We are not just 5th largest economy in paper. Even we are buying bullet trains from Japan. We are buying German tech for making submarines. Tesla is opening its manufacturing factory here.
      5. We aren't jealous of China. China is doing good, and we appreciate that. If you don't know about our border tension, I don't think someone who does not stays in India is someone to say. Because you can't get correct information on the web every time.
      6. Even companies like Apple, Tesla are starting to move away from China slowly because CCP is not giving them incentives. Yeah, sure many companies left India, but I just laugh how people really likes to downgrade India because few companies left lol. As if we don't have unicorn companies. You need to get out of what the West shows and portrays about India and actually need to go to the place and see it for yourself. Some people really are uneducated.@@freeworld88888

    • @HakunaBatata-v2n
      @HakunaBatata-v2n ปีที่แล้ว

      South Africa being a failed state? By how much your country's GDP is growing?@@ILoveMonorails96

  • @danstrick3314
    @danstrick3314 ปีที่แล้ว +77

    G7 is just USA calling the shots, while BRICS nobody has the upper hand, this explains why G7 on the surface seems like a more cohesive block, while BRICS has controversies between members. In a true democracy there will be different opinions, in the Empire + vassals (USA and Co.) everything seems in unison.

    • @zhang根
      @zhang根 ปีที่แล้ว +4

      非常赞赏你的看法。

    • @apostolosvranas4499
      @apostolosvranas4499 ปีที่แล้ว +12

      In the BRICS+, China does have sort of an upper hand - plus, the strongest military.

    • @pineapplesareyummy6352
      @pineapplesareyummy6352 ปีที่แล้ว

      This is what makes BRICS a special project, and such a refreshing breathe of fresh air to the world order. The world is sick and tired of US domination. For example, what gave the US the right to use its CAATSA to impose secondary sanctions on countries who traded with a country (e.g., Iran) the US decided for the rest of the world it can't trade with? The world is tired of the weaponisation of Western financial systems, technology, not to mention all the wars, proxy wars, coups, colour revolutions. A huge shakeup of the international order is long overdue. Putin is correct that the end of the USSR was a geopolitical disaster - it was a huge geopolitical disaster for most of the world while the West went 30 years unchallenged. BRICS has finally changed all that. There is no one dominating BRICS (certainly not China). No one is imposing anything on anyone. No one is demanding some other country has to practice a prescribed political system (liberal democracy) or economic system (capitalism), and if they dared do otherwise they get crushing sanctions. Instead, countries that are vastly different in values, religions, ethnicities have come together as equals to work for the common good. This is how international relations is supposed to work. It is long overdue that the Global South pulled its collective weight and end the era of US domination of world affairs.

    • @JaysLife78
      @JaysLife78 ปีที่แล้ว +3

      That's what happens when you have the world's largest economy. You don't expect your broke friends to take everyone out to dinner.

    • @JaysLife78
      @JaysLife78 ปีที่แล้ว

      BRICS is no democracy friend in any format

  • @Soniaobioma-
    @Soniaobioma- ปีที่แล้ว +90

    I'm favored only God knows how much I praise Him, $50k every weeks! I now have a big mansion and can now afford anything and also support God's work and the church.

    • @Soniaobioma-
      @Soniaobioma- ปีที่แล้ว +1

      Only God knows how much grateful i am. After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!

    • @Soniaobioma-
      @Soniaobioma- ปีที่แล้ว

    • @Soniaobioma-
      @Soniaobioma- ปีที่แล้ว

      Oh yeah sure, she's active on What's APK
      👎🏿

    • @Soniaobioma-
      @Soniaobioma- ปีที่แล้ว

      +1

    • @Soniaobioma-
      @Soniaobioma- ปีที่แล้ว

      55131

  • @TomNook.
    @TomNook. ปีที่แล้ว +16

    Makes sense for the Saudis and Indonesia to join, as it will still be BRIICSS

  • @dixiedoctor2563
    @dixiedoctor2563 ปีที่แล้ว +133

    The issue involving the positioning of Brazil and India has nothing to do with the candidates' form of government. BRICS has been attractive precisely because it does not seek to interfere in the local administration of countries as the United States and Europe do, respect for cultural diversity and the history of each people is one of the attractions in opposition to the Euro-American bloc that dictates how the form of government, laws, and religion in other countries. The historical process of each people must be respected, as well as their own beliefs and values, and it is the responsibility of the people and local governments to solve their problems, if applicable.

    • @ccc3
      @ccc3 ปีที่แล้ว +20

      Yeah, BRICS definitely respects the lack of human rights. The weighted (by population) average human rights index of BRICS is 39/100. G7 stands at 93/100. You want to live in a world dominated by autocrats with limited human rights?

    • @ailtonsribeiro
      @ailtonsribeiro ปีที่แล้ว +45

      @@ccc3 não tem país que mais violou os direitos humanos e incentivou as guerras que os EUA.

    • @arthurconter6895
      @arthurconter6895 ปีที่แล้ว

      if tthat so why alot of barisilain move out to US last few year domass\@@ailtonsribeiro

    • @Aditya-hn8jj
      @Aditya-hn8jj ปีที่แล้ว +21

      ​@@ccc3if I may ask...from which holy country are you.

    • @multienergico9299
      @multienergico9299 ปีที่แล้ว +16

      What? How do the US and Europe dictate what religion should a country follow?
      The declaration of human rights was signed by the BRICS.

  • @bullrider9617
    @bullrider9617 ปีที่แล้ว +50

    G7 was more West centric and not had India or China even though both of them are largest exonomies !!
    BRICS provides a good balance of power and benefits those who were historically left out !!

    • @benghiskahn3673
      @benghiskahn3673 ปีที่แล้ว +5

      The G7 was formed in 1975!!!! Those were the 7 largest economies in the world at the time.
      This is why the G20 was formed, in order to reflect the wider world. It's not some big Western conspiracy, it's just that those 7 were the 7 largest economies at the time of formation.

  • @shouqinghuang9261
    @shouqinghuang9261 ปีที่แล้ว +8

    Indonesian politics tends to rely on the United States, not an independent country. Therefore, it is inevitable that the BRICS countries will lose this time. If Indonesia wants to join the BRICS countries, it must find a way to make itself more independent, rather than being influenced by the outside world.

  • @nukiolbartes6279
    @nukiolbartes6279 ปีที่แล้ว +26

    G7 - former colonisers club

    • @j.m.b5441
      @j.m.b5441 ปีที่แล้ว

      Yes..so what?

    • @nukiolbartes6279
      @nukiolbartes6279 ปีที่แล้ว

      These former colonisers are currently very advanced countries and they showed the way, to be advanced u have to colonise others. Exploiting ur own wont bring u far.

    • @marcioborgesreis9066
      @marcioborgesreis9066 ปีที่แล้ว

      Canada was a coloniser ???

    • @squidproxy136
      @squidproxy136 5 หลายเดือนก่อน

      ​@@nukiolbartes6279they they are advanced that they create rainpow warriors who will destroy them soon😂

    • @Marcus.22823
      @Marcus.22823 2 หลายเดือนก่อน

      Right😂

  • @kortyEdna825
    @kortyEdna825 ปีที่แล้ว +196

    Well, i do have my reservations about the economic crisis. Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $650K portfolio is down by approximately 20%, any recommendations to scale up my ROI before retirement will be highly appreciated.

    • @shannonsally455
      @shannonsally455 ปีที่แล้ว +1

      Very true! I've been able to scale from $350K to $650K this red season because my FA figured out Defensive strategies to protect my portfolio and profit from this roller coaster market.

    • @shannonsally455
      @shannonsally455 ปีที่แล้ว +1

      My Financial adviser is ‘’JULIE ANNE HOOVER’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

  • @lesiba5382
    @lesiba5382 ปีที่แล้ว +5

    They need to focus more on economic restructuring and strengthening their militaries.

    • @sandymilne224
      @sandymilne224 ปีที่แล้ว

      No, they need to focus on getting rid of corruption in their own countries. Most of the wannabe BRICS nations are basket cases. No wonder they want to join. The IMF and World Bank are fed up with loaning them money and not getting paid back. China is a Ponzi country, made wealthy by the West. Now that the West is moving away from China to cheaper jurisdictions, and with the West raising interest rates to kill inflation, that is killing many nation’s economies as well. I can see the interest in a BRICS organization, but it’s not going to supplant the USD anytime soon.

  • @mickyjagah
    @mickyjagah ปีที่แล้ว +71

    I hope they succeed.
    Personally, I feel tired of the current status quo.
    It gas robbed us of a lot.

    • @marcialrivera8449
      @marcialrivera8449 ปีที่แล้ว

      Like BRICS really has the interest of the common man in mind? None of these groups care about individual human beings.

    • @SamPashmi
      @SamPashmi ปีที่แล้ว

      Then move there, traitor 😂

  • @yojimbo3681
    @yojimbo3681 ปีที่แล้ว +10

    It's about time.

  • @5133937
    @5133937 ปีที่แล้ว +35

    @1:00 BRICS isn't really an "alliance". They won't come to each other's aid militarily for example. It's more of loose a trade bloc.

    • @laosasean8482
      @laosasean8482 ปีที่แล้ว

      Its economic blocks they not military alliance but nobody really want to go war now because you gain nothing out from its. US, Japan so called western powers won't dare to attack China like did in the 19th century.

    • @Human_01
      @Human_01 ปีที่แล้ว

      [QUOTE]
      BRICS will successfully expand (as it should); as it is essentially an alternative globalisation ecosystem, - and one that is not reliant on the "Western" [continent] (humanities shared, colonial foe) industries.
      A predominant and powerful advantage in joining the non-western, "ecosystem of globalization"[BRICS] _(largely consisting of "developing" nations/"non-whites")_ is the obsolescence of 'sanctions'. Sanctions will no longer be an effective and viable tool to shackle, coerce, or parasite on non-western nations. The [narcissitic] West will not be able to readily exploit that political option as they eager have been able to... They will need to exercise their supposed intelligence in order to survive the slight inconvenience.
      As the BRICS globalization-ecosystem [diligently] continues to grow and expand, geopolitical power will shift away from the West and towards the rest of the world instead...
      Resultantly, the West will lose political power, influence, and relevance on a global scale. Like France, this will make the West increasingly desperate and eager to generate "excuses", - that will be primed to invent and facilitate spontaneous [foreign] disputes and terrorism overseas. This predictable, repetitive [Western] crime and act will be a covert attempt by colonisers to once again become relevant, and stand center-stage [geopolitically] globally. Their war-machine will grow hungry, as it is their "trump-card" and 'go-to'. This would inconvenience and endanger the rest of the world, one way or another _(e.g. [geo]politically, interrupt globalisation, trigger chaotic migration, threaten the friendship and ties between foreign nations [except for the West/former colonial powers, as usual; they stay bound together in peace, while the rest of the world remains at friction and at odds with each other]_ .
      To that end, countermeasures will need to be set in place to counteract or stall the west's desperation, aggression, and the effectiveness of western 'media-propaganda' (it needs to be made obsolete).
      /End.

    • @AL-lh2ht
      @AL-lh2ht ปีที่แล้ว +2

      @@Human_01I don’t think you understand how sanctions work

    • @5133937
      @5133937 ปีที่แล้ว +2

      @@DT-tp6vm Please explain it to me then. Start with how China and India are in an "Alliance" with each other.

    • @hello-ii5lh
      @hello-ii5lh ปีที่แล้ว

      apparently the shanghai cooperation pact doesn’t exist to this guy lol

  • @jameslee8997
    @jameslee8997 ปีที่แล้ว +3

    This video misses the point. Framing BRICS as a "challenge" and "counter" to G7 is a red herring. BRICS purpose is not to challenge, it simply wants to develop and provide for it's people, it needs capital investments without predatory conditions. G7 represents only 12% of world population - it's a rich man's club.

  • @cowholy3031
    @cowholy3031 ปีที่แล้ว +43

    Because the US constantly bashes other countries with economic methods.

    • @chechnya
      @chechnya ปีที่แล้ว

      How so?

    • @AdityaJape
      @AdityaJape ปีที่แล้ว +10

      ​@@chechnyasanctions reserved currency abuse .

    • @MikeT-in1eg
      @MikeT-in1eg ปีที่แล้ว +1

      We don’t care we are a independent country at this point. Americans realized we don’t need anyone’s help and that we can beat any country that comes at us at this point

    • @JigilJigil
      @JigilJigil ปีที่แล้ว

      US bashes nobody with economic methods, except a few vicious dicatatorships that are the threat to the global order.

    • @TheRealTopG01
      @TheRealTopG01 ปีที่แล้ว +5

      @@MikeT-in1eg yea and now you are going down, cry

  • @hamzamahmood9565
    @hamzamahmood9565 ปีที่แล้ว +45

    1:50 "China is expected to overtake U.S. economy by 2050" I've heard that it will happen by 2020 in 2010, by 2030 in 2020 and now by 2050 in 2023. Please do an update on the Chinese economic situation

    • @nicomal
      @nicomal ปีที่แล้ว

      Remember when Japan was gonna overtake the US economy in the 90s? Then it had the house market bubble and demographic collapse. It's the same with China but way worse.
      But the CCP is very astute they already solved the unemployed problem in young adults: they stopped reporting it, so, we'll see what goes on. History is marvelously unpredictable.

    • @pnduarte4696
      @pnduarte4696 ปีที่แล้ว +41

      And China already surpassed US in ppp. Whats your point?

    • @jacksong6634
      @jacksong6634 ปีที่แล้ว +14

      And I've heard that china would go under by 2000, 2005, 2010 by key scholars and publications from the west... but I don't hear that very much anymore. they now study the case of its rise.

    • @ayushkumar-bg1xf
      @ayushkumar-bg1xf ปีที่แล้ว +20

      China is already larger economy than usa. if you understand term GDP meaning then u know ppp is right approach

    • @thekitchenoccultist
      @thekitchenoccultist ปีที่แล้ว

      It already happened Americans are blind in their own shopping hauls to realize what the rest of the world is doing besides a little news.

  • @LeoDas688
    @LeoDas688 ปีที่แล้ว +107

    As an Indian I want BRICS to focus on the economy, India already has quad for military need
    Edit:India has a territorial dispute with China, remember that before replying to this comment

    • @manishkaushik4595
      @manishkaushik4595 ปีที่แล้ว +18

      India is not in the Quad Military group too. India hasn't joined any military bloc.

    • @janusjones6519
      @janusjones6519 ปีที่แล้ว +8

      The quad isn’t a military alliance, nor any form of agreement for that matter

    • @chriswong9158
      @chriswong9158 ปีที่แล้ว +12

      Have you read what QUAD is ? Try this: The enemy of my enemy is my friend
      If not helpful, here is a US citizen & leader: Henry Kissinger Quote:
      “To be an enemy of America can be dangerous, but to be a friend is fatal.”
      I am sure, there is other old saying from India that mention India direction...

    • @chriswong9158
      @chriswong9158 ปีที่แล้ว +15

      @@manishkaushik4595 Correction, India is in the QUAD with USA as their master and Australia, India, Japan as its Lapdog. Look what USA has done, Nuclear Military missiles in Japan, Nuclear Sub in Australia, soon USA will demand order be made to India. Note: both Japan & Australia was once anti-nuclear weapon Nations, before US

    • @LeoDas688
      @LeoDas688 ปีที่แล้ว +8

      @@chriswong9158 China already dominated brics, China is worse

  • @living_well_18
    @living_well_18 ปีที่แล้ว +90

    It was in the 90's that a currency analyst in Goldman Sachs coined the term BRICS for him to comment on these countries' currency, interest rate and general economic conditions as a group. At that time, it seemed to make sense because these countries were in similar economic development stage, and the cold war just finished. Fast forward to today, it's no longer applicable as the countries' are vastly different in industrial, agricultural, commercial capacity, and their geo political ambitions. To speculate that there is a chance for a common currency is just lunacy or intellectual challenging. They may share a common dislike of US, and US dollar, but asking them to give up part of their sovereignty, decision making capability in order to form a currency bloc, that won't happen nor does it make sense for each country.

    • @chriswong9158
      @chriswong9158 ปีที่แล้ว

      That is true what you have said, but as NDB develop, this BRICS+6 vehicle can help members to take part on putting up share of another bank who can issue it's own Corporate Common Currency, back by metal, energy.
      US Dollar is back by "Trust". but US has use that trust as a weapon against other nations aka Sanction. There is a point when no one believe in the trust of the US value. It happen to Rome coin, British Stealer, it will happen again.

    • @michaelogunronbi237
      @michaelogunronbi237 ปีที่แล้ว +4

      Definitely it'll be hard for them to form a common currency.

    • @apostolosvranas4499
      @apostolosvranas4499 ปีที่แล้ว +4

      It will be primarily a trading partnership, like the European Economic Community of old, and I suspect that their talk about a common currency will initially be limited to a basket currency will be limited initially to a trading currency unit, much like the ecu of old.

    • @jothiparam
      @jothiparam ปีที่แล้ว +14

      Even they trade partially using their local currency.. Its a huge blow to USD, based on which US & European Riches wealth were built

    • @mrzach728
      @mrzach728 ปีที่แล้ว +7

      It is easy to make common currency blud wake up!

  • @svenkatesh6497
    @svenkatesh6497 11 หลายเดือนก่อน +2

    Best wishes to BRICKS i will be mord happy if all East & Middle East countries come together to form strong group.

  • @knocker9391
    @knocker9391 ปีที่แล้ว +21

    As long as china and India don't solve their border issues West don't need to be afraid of this group but if it did solve then.... You can say bye bye to western dominated world that we currently live in . Russia is a big player in this but India and china is what truly matters in this group

    • @mellon37
      @mellon37 ปีที่แล้ว

      China and India's border problems, you are clearly exaggerating. It's a desert there, and the problems only concern the border guards, that's why they were banned guns on both sides.

    • @benghiskahn3673
      @benghiskahn3673 ปีที่แล้ว

      Russia is NOT a big player. Russia is a country that is in the midst of a death spiral. China will feast on its carcass once it falls apart.

  • @FredBanuelos
    @FredBanuelos ปีที่แล้ว +3

    It just sounds like the U.S. is scared of losing its grip over third-world countries. Those countries deserve to chart their own course.

  • @Shineon83
    @Shineon83 ปีที่แล้ว +4

    Well, India & Brazil’s desire for “slow development “ of rules for new members certainly folded like a bad suit under the pressure of China….

  • @02nupe
    @02nupe ปีที่แล้ว +1

    Solid content here.

  • @learn-2-earnn
    @learn-2-earnn ปีที่แล้ว +3

    China India Russia and now Saudi Arabia ...wow ...now thats a super strong grouping...a shift towards currency backed by gold seems a big possibility now to challenge the dollar hegemony and realted American arm twisting ...

  • @silvershroud6263
    @silvershroud6263 ปีที่แล้ว +51

    Brazil and India want Brics to focus on economic growth whereas China and Russia wants to turn brics into military alliance or anti west alliance. But Brazil and India will not support China though

    • @Mike-bt3ki
      @Mike-bt3ki ปีที่แล้ว +17

      This isn't true at all.

    • @silvershroud6263
      @silvershroud6263 ปีที่แล้ว +1

      @@Mike-bt3ki it is trur

    • @changjuma6302
      @changjuma6302 ปีที่แล้ว

      China wants to turn it into military alliance? R u sure?

    • @s._3560
      @s._3560 ปีที่แล้ว

      Russia and South Africa will. In the end, there are other very strong candidates to join. If these two have other agendas for fear of losing power , the rest of RCS can form another organisation and leave BRICS with just a shell.

    • @Silver_Prussian
      @Silver_Prussian ปีที่แล้ว +8

      Neither china nor russia have expressed such desires

  • @TheSkyfall87
    @TheSkyfall87 ปีที่แล้ว +28

    If Indonesia , Saudi Arabia , Iran , Egypt , Nigeria , Argentina Joined BRICS as New Member...
    and BRICS make New Currency...
    Dollar will Collaps...

    • @J-ed7890
      @J-ed7890 ปีที่แล้ว +3

      Quick maths

    • @armandomontillero8379
      @armandomontillero8379 ปีที่แล้ว +2

      Officially six countries are part of the expansion.
      Argentina
      Egypt
      Saudi Arabia
      Iran
      UAE
      Ethiopia

    • @MG007.
      @MG007. ปีที่แล้ว +2

      They don't need to make another currency all they need to do is trade in their own currency and by pass the USD.
      Simple

    • @Hmonks
      @Hmonks ปีที่แล้ว +3

      What kind of technology value or value they bring to the world 😂

  • @charleskaren3948
    @charleskaren3948 ปีที่แล้ว +143

    If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

    • @pierrelouis6841
      @pierrelouis6841 ปีที่แล้ว

      The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.

    • @nicolasadrien5100
      @nicolasadrien5100 ปีที่แล้ว

      The stock market rally run is gone, but I'm not
      sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $300k reserve.

    • @gabrieljules2424
      @gabrieljules2424 ปีที่แล้ว +1

      ​@@nicolasadrien5100the market is profiting if you are using a good broker or account manager to help out with trades or provide signals

    • @adrienjulien5573
      @adrienjulien5573 ปีที่แล้ว

      Her strategy trade EUR/USD is quite impressive and her currency pairs are 100% beneficial. With her help I've been able to leave my 9-5

    • @King_gabby
      @King_gabby ปีที่แล้ว +1

      Her success story is everywhere. I keep on hearing expert Mrs Kimberly's name being mentioned here and other platforms, Does she really worth the credits and reviews?

  • @aman.s.rathore
    @aman.s.rathore ปีที่แล้ว +2

    It was serious until they decided to accept Ethiopia into BRICS.

  • @miamilner1817
    @miamilner1817 ปีที่แล้ว +7

    Every empire falls eventually. I just want to see how everything plays out.

    • @SplendidFactor
      @SplendidFactor ปีที่แล้ว

      This is going to play out as it always does. A massive War as one world order challenges another.

  • @mokgalagadimgibisa8878
    @mokgalagadimgibisa8878 ปีที่แล้ว +16

    Diverse people unite, we don't have to agree with all global issues. As long as we agree on what matters most

    • @rxvnn13
      @rxvnn13 ปีที่แล้ว +1

      As long as we agree that making a partnership with russia while they are terrorists makes other countries look like they approve their actions

    • @alessandrozetticci
      @alessandrozetticci ปีที่แล้ว +1

      ​@@rxvnn13 Yeah, USA allies agree with their terrorism abroad, what's new?

    • @SamPashmi
      @SamPashmi ปีที่แล้ว

      @@alessandrozetticciwhat terrorism?’

  • @Clip_Gallery
    @Clip_Gallery ปีที่แล้ว +22

    Indonesia gona be representatif ASEAN in brics

    • @zoho6992
      @zoho6992 ปีที่แล้ว

      by bombs itself , OMA

    • @kongwee1978
      @kongwee1978 ปีที่แล้ว

      @@zoho6992 Yes, US is bombing Indonesia for allowing China to build HSR.

  • @honor9lite1337
    @honor9lite1337 ปีที่แล้ว +7

    Nice analysis 😊

  • @beelotus7038
    @beelotus7038 ปีที่แล้ว +2

    Times up for BRICS+ to change for good for humanity and world peace!

  • @Epiderm91
    @Epiderm91 ปีที่แล้ว +38

    The US weaponized the dollar to oblivion...😂😂😂

    • @mandarinandthetenrings2201
      @mandarinandthetenrings2201 ปีที่แล้ว

      LOL 😊 Your too late "fool"! President Joe Biden has separated India from Russia and China. Their will be no BRICS currency. India, China, and Russia will block it, in favor of their own currency.

  • @ws1814
    @ws1814 ปีที่แล้ว +3

    While in this topic let’s be realistic, the G7 is basically the USA and its 6 obedient lackies. That’s how the world order was set up after WWII.

  • @wilmabrock6401
    @wilmabrock6401 ปีที่แล้ว +69

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    Business and investment are the best way to make money even under the nose off

    • @raymanmorrison3994
      @raymanmorrison3994 ปีที่แล้ว

      Stocks are falling and bond yields are rising, but markets still don't seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $150,000 stock portfolio, what's the best way to take advantage of this bear market?

    • @GeorgiaMoore.
      @GeorgiaMoore. ปีที่แล้ว

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      @SofiaAnsari-wb7gn ปีที่แล้ว

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      @ivymadanhennion8108 ปีที่แล้ว

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      @SofiaAnsari-wb7gn ปีที่แล้ว

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  • @sownheard
    @sownheard ปีที่แล้ว +30

    i hope the Brics gets done so the world becomes allot saver overall

    • @digitalbath6057
      @digitalbath6057 ปีที่แล้ว +5

      World will be safe if power is not concentrated in one place.

    • @digitalbath6057
      @digitalbath6057 ปีที่แล้ว +1

      @@mrlool1991 no one willing to be dictated. Everyone has their own interest, single power is a threat to the rest. Both WW happened because everyone wanted to be the single biggest power bloc. I don't know what history lesson you learnt.

  • @lemontadams3029
    @lemontadams3029 ปีที่แล้ว +1

    Great news

  • @officialcoolmedia
    @officialcoolmedia ปีที่แล้ว +75

    India is currently opposed to more members joining BRICS FYI, until a peaceful solution for the border dispute can be reached with PRC.

    • @gingerfox7143
      @gingerfox7143 ปีที่แล้ว

      That is misinformation. India has categorically denied opposing new members joining BRICS

    • @AdityaJape
      @AdityaJape ปีที่แล้ว +55

      please update yourself no such request from india

    • @apb2081
      @apb2081 ปีที่แล้ว

      @@AdityaJape india wants to leave brics as china is on decline and russia is failed. No brics currency coming google it.

    • @TheRealTopG01
      @TheRealTopG01 ปีที่แล้ว +40

      Reuters spread fake news, India did not make such a claim.

    • @lilacer6841
      @lilacer6841 ปีที่แล้ว +7

      ​@@AdityaJapeexactly. Border dispute is internal matterbeqywwen India and China. Cannot prevent expansion of Brics

  • @Mohit-yu3mc
    @Mohit-yu3mc ปีที่แล้ว +5

    These steps of BRICS countries are commendable, but any money transfer will work in exchange of dollar, but China Yuan should not become a global currency, it will prove fatal for the world and neighboring countries.

    • @kimeli
      @kimeli ปีที่แล้ว

      how so?

  • @huanghermann5207
    @huanghermann5207 ปีที่แล้ว +4

    China and India are all interested in developing their economy have more say in global governance. There are some issues in border security but these two arenot enemies.

  • @overcomers909
    @overcomers909 ปีที่แล้ว +1

    Which full scale envesion

  • @AjayKumar-io3ee
    @AjayKumar-io3ee ปีที่แล้ว +8

    Why you crop Indian map ?

    • @ecognitio9605
      @ecognitio9605 ปีที่แล้ว

      Free Khalistan and Bihar!

    • @Naveendogra07Ds92
      @Naveendogra07Ds92 ปีที่แล้ว

      @@ecognitio9605 loda le muh mein pehle 😂 free Balochistan and KPK we don't recognise Durand line

    • @ababeel388
      @ababeel388 ปีที่แล้ว

      Free khalistan, Manipur, Kashmir, Nagaland!

  • @kifkroker6483
    @kifkroker6483 ปีที่แล้ว +20

    Not a moment to late! If this goes through, hopefully it will balance the world economy!

    • @chriswong9158
      @chriswong9158 ปีที่แล้ว +2

      MORE important, it will give the developing World a better chance to do better for their people.

  • @tofuyam7361
    @tofuyam7361 ปีที่แล้ว +51

    how does pakistan get to #5 in 2075? thought they are bankrupt

    • @jesonchase2233
      @jesonchase2233 ปีที่แล้ว

      pakistan army works for Usa. Pakistan has no future

    • @apb2081
      @apb2081 ปีที่แล้ว +24

      They are just guessing. Economists cannot predict what is going to happen next year let' s imagine in 2075 lol. Brics empty shell

    • @dannicrane5577
      @dannicrane5577 ปีที่แล้ว +4

      Don't worry, Not gonna happen.😂

    • @Majan-v8K
      @Majan-v8K ปีที่แล้ว +2

      2075!!! any one can become #5.

    • @aaryankumar8770
      @aaryankumar8770 ปีที่แล้ว +21

      ​@@Majan-v8Kno offense but Pakistan is not just anyone
      Sure Bangladesh developed but Pakistan with its milutary and islamist elite just can't

  • @lisa.e5776
    @lisa.e5776 ปีที่แล้ว +4

    Bravo, 3 of the 11 BRICS members are from the ancient civilization of human kind. They are Eypyt, India and China.
    Hopefully, their ancient wisdom will shine through BRICS and uplift mankinds from poverty and chaos.

  • @TrabalhoRemoto-ke1hm
    @TrabalhoRemoto-ke1hm ปีที่แล้ว +1

    🇧🇷 Brazil above everything and below nothing. 5 centuries as a nation, in the 22nd century we will be the greatest nation on Planet Earth, future generations will contemplate. Palestinian freedom. ✋🏻

  • @fernandoantunez
    @fernandoantunez ปีที่แล้ว +1

    Surreal, this WSJ report❗❗❗

    • @tenidasio591
      @tenidasio591 ปีที่แล้ว

      why is that ? explain thank you

  • @KCKnowsBest
    @KCKnowsBest ปีที่แล้ว +84

    A month ago, India's foreign minister said "Theres no idea of a Brics currency. We are focused on bolstering our own currency". The boss of Brics bank last week said " The Bank operates in Dollars for a specific reason. Dollars are where the most liquidity are" Also said "Theres no parallel universe to the dollar"
    Besides India & China with economic influence, all the other BRICS nations have underwhelming economies. U.S states like California, Texas, NY each have higher GDPs than Brazil, Russia & South Africa combined.
    Edit: Here’s the video of last months press conference of Indias foreign minister saying “There’s no idea of a BRICs currency. We are focused on bolstering our own currency” th-cam.com/video/ajbb6qaPIqA/w-d-xo.html

    • @husseinhussein466
      @husseinhussein466 ปีที่แล้ว +41

      😂😂😂. Delusional. Whatever helps you sleep at night

    • @3dus
      @3dus ปีที่แล้ว +35

      Last time I checked, the president of NDB is a woman, former president of Brazil. They are pushing for trading more in local currency instead of dollars.

    • @KCKnowsBest
      @KCKnowsBest ปีที่แล้ว +3

      @@3dus Here’s the video of last months press conference of Indias foreign minister saying “There’s no idea of a BRICs currency. We are focused on bolstering our own currency” th-cam.com/video/ajbb6qaPIqA/w-d-xo.html

    • @PlaYer-sn5or
      @PlaYer-sn5or ปีที่แล้ว +12

      ​@@KCKnowsBest
      Ya countries trade with its own currencies bypassing dollar.

    • @KCKnowsBest
      @KCKnowsBest ปีที่แล้ว

      @@PlaYer-sn5or 90% of global trade still in dollars

  • @smileandlaughs
    @smileandlaughs ปีที่แล้ว +44

    There's one thing all of the Brics share : they're all suffering economically. Especially the two biggest countries; Russia with the Ukraine war, China with the housing crisis. Then there's the friction between China and India. The biggest problem with all of them are the fact that None of them are importing countries. They are all dependent on exporting the G7 countries.

    • @AL-lh2ht
      @AL-lh2ht ปีที่แล้ว

      Also they are all dictators

    • @Baianoh
      @Baianoh ปีที่แล้ว +52

      "they are dependent on G7 exports" but then you don't explain that the G7 depends on the energy and raw materials of the BRICS to continue exporting

    • @stankgangsta4105
      @stankgangsta4105 ปีที่แล้ว +9

      India has a larger economy than Russia. Russia has a smaller economy than South Korea, Italy and Texas. A generation ago they were the world's seconds largest economy.

    • @graphemelucid8407
      @graphemelucid8407 ปีที่แล้ว +2

      There's one thing all of the G7 share : they're all suffering economically. Especially the two biggest countries; Murica with the Ukraine war, EU with the energy crisis. Then there's the friction between US and EU. The biggest problem with all of them are the fact that None of them are important countries. They are all dependent on exploiting the Global South.

    • @WorldIsWierd
      @WorldIsWierd ปีที่แล้ว

      @@Baianoh But there the US/Canada is food and energy independent. And most of the rest get things from countries outside BRICS. Problem with energy or raw materials is one supplier is as good as another the G7 is ok. But large markets are unique and rare

  • @johnchan4136
    @johnchan4136 ปีที่แล้ว +2

    In 1972, Bruce Lee made a movie called "The Way of The Dragon", the very last commentary at the end of the movie, after uprooting the Italian mafia in the final showdown at the Collesium, was: 「 In this world of guns and knives, Tang Long (Bruce Lee) will continue go his own way! 」

  • @aljabriabidut
    @aljabriabidut ปีที่แล้ว +2

    If a new currency would depend on gold reserve, the demand on gold would rise, hence its price, I guess.

  • @thomasrogers9146
    @thomasrogers9146 ปีที่แล้ว +5

    CHANGE IS THE ONLY CONSTANT IN LIFE. WE AMERICANS NEED TO ADAPT TO A MULTIPOLAR WORLD WE NEED TO BE READY FOR THE DAY DAY WHEN WE ARE NOT NUMBER 1 ANY MORE. THE BRICS DO NEED A NEW CURRENCY, ALL THEY NEED TO DO IS BILATERAL TRADE AGREEMENTS BYPASSING THE DOLLAR. INDIAN AND THE UAE ARE NOW TRADING IN LOCAL CURRENCIES. INDIA BOUGHT OIL FROM THE UAE WITHOUT THE DOLLAR. THE WORLD IS CHANGING AND WE AMERICANS NEED TO ACCEPT AND ADAPT.

    • @JaysLife78
      @JaysLife78 ปีที่แล้ว

      If you understood anything you would know this has been orchestrated by the west. The west has been pulling out from the world stage slowly for awhile now purposely.

  • @superman1856
    @superman1856 ปีที่แล้ว +3

    I wish our countries border disputes could be resolved, Asia would be so powerful, i don't understand why the politicians don't hold serious talks to resolve it once and for all with written accords. Just like how European continent is.

  • @gimmick206
    @gimmick206 ปีที่แล้ว +25

    Simple, because the world doesnt revolve around western nations

    • @risingsonfilms
      @risingsonfilms ปีที่แล้ว

      Sounds like you need democracy 🦅

    • @gimmick206
      @gimmick206 ปีที่แล้ว +7

      @@ILoveMonorails96 dont say dependent when foreign aid is hardly work. Some even protest against it like in Haiti. And some is the one they help to destabilize in the first place.

    • @HakunaBatata-v2n
      @HakunaBatata-v2n ปีที่แล้ว

      We don't care.@@risingsonfilms

    • @HakunaBatata-v2n
      @HakunaBatata-v2n ปีที่แล้ว +1

      Aid? What kind of aid it gave to South America, Aisa, Africa and Australia?@@ILoveMonorails96

    • @ecognitio9605
      @ecognitio9605 ปีที่แล้ว

      The West still ruled the world 🌎, it's just not blatant about it.

  • @bpyangyang2153
    @bpyangyang2153 ปีที่แล้ว +1

    For some reasons, the said Indonesia has not officially applied to join the alliance yet, or perhaps ..... never.

  • @Sweet_Pup_g
    @Sweet_Pup_g ปีที่แล้ว +18

    Brics is a list of countries, not an alliance or economic bloc.

    • @bananaempijama
      @bananaempijama ปีที่แล้ว +2

      Of failed countries nonetheless

    • @humansarecrazybeing5730
      @humansarecrazybeing5730 ปีที่แล้ว +7

      ​@@bananaempijamalol says the white guy😂😂

    • @ppen8359
      @ppen8359 ปีที่แล้ว +1

      @@humansarecrazybeing5730 Why you cannot handle the truth? Who would trust Rubel, Yaun or Rupee?

    • @humansarecrazybeing5730
      @humansarecrazybeing5730 ปีที่แล้ว +1

      @@ppen8359 lol I would rather trust currency of non white countries

    • @octoslut
      @octoslut ปีที่แล้ว +4

      @@ppen8359 what about the collapsing west?? bad marriage rates, low fertility rates, shaky economy that dont produce anything, recruitment issues of the militaries. want me to go on?

  • @Majan-v8K
    @Majan-v8K ปีที่แล้ว +8

    Actually formed by Brazil,Russia,India and China.
    South Africa joined later.

    • @Percival5
      @Percival5 ปีที่แล้ว +1

      It doesn't matter we inside brics oksalayo

  • @BIBIWCICC
    @BIBIWCICC ปีที่แล้ว +53

    Beautiful to see! The quicker we can remove the US strangle hold over world currencies and countries the better. If countries can remove the US run IMF the world will become a much fairer place.

    • @OleksandrAnishchik
      @OleksandrAnishchik ปีที่แล้ว +1

      You don’t know economy man.

    • @ccc3
      @ccc3 ปีที่แล้ว +4

      Yeah, a world dominated by autocrats with no protection of human rights will definitely be a better place

    • @SiyabongaSibiya-pj9gb
      @SiyabongaSibiya-pj9gb ปีที่แล้ว +8

      ​@@ccc3that's what uncle Sam tells u

    • @Human_01
      @Human_01 ปีที่แล้ว

      [QUOTE]
      BRICS will successfully expand (as it should); as it is essentially an alternative globalisation ecosystem, - and one that is not reliant on the "Western" [continent] (humanities shared, colonial foe) industries.
      A predominant and powerful advantage in joining the non-western, "ecosystem of globalization"[BRICS] _(largely consisting of "developing" nations/"non-whites")_ is the obsolescence of 'sanctions'. Sanctions will no longer be an effective and viable tool to shackle, coerce, or parasite on non-western nations. The [narcissitic] West will not be able to readily exploit that political option as they eager have been able to... They will need to exercise their supposed intelligence in order to survive the slight inconvenience.
      As the BRICS globalization-ecosystem [diligently] continues to grow and expand, geopolitical power will shift away from the West and towards the rest of the world instead...
      Resultantly, the West will lose political power, influence, and relevance on a global scale. Like France, this will make the West increasingly desperate and eager to generate "excuses", - that will be primed to invent and facilitate spontaneous [foreign] disputes and terrorism overseas. This predictable, repetitive [Western] crime and act will be a covert attempt by colonisers to once again become relevant, and stand center-stage [geopolitically] globally. Their war-machine will grow hungry, as it is their "trump-card" and 'go-to'. This would inconvenience and endanger the rest of the world, one way or another _(e.g. [geo]politically, interrupt globalisation, trigger chaotic migration, threaten the friendship and ties between foreign nations [except for the West/former colonial powers, as usual; they stay bound together in peace, while the rest of the world remains at friction and at odds with each other]_ .
      To that end, countermeasures will need to be set in place to counteract or stall the west's desperation, aggression, and the effectiveness of western 'media-propaganda' (it needs to be made obsolete).
      /End.

    • @Human_01
      @Human_01 ปีที่แล้ว +4

      Agreed!

  • @davidhouser4422
    @davidhouser4422 ปีที่แล้ว +50

    The idea of currency based on a scarce resource such as gold or energy and global acceptance sounds really good. China already has digital credit score and the world seems to want WEF, NWO etc. This could be really good or really bad.

    • @livinginharmony360
      @livinginharmony360 ปีที่แล้ว

      Mythology: "China already has digital credit score"....
      The western world seems to want WEF NWO etc.: Why human microchipping is so popular in Sweden - ITV, June 2019.
      Your Credit Score Should Be Based on Your Web History, IMF Says, December 2020, Gizmodo.
      Legal trouble for Amazon Go and others?, RetailDetail EU, February 2019 (discriminate against poorer consumers who do not have access to credit cards or bank accounts)
      China says rejecting physical cash is illegal amid e-payments popularity December 2018, Reuters.

    • @chriswong9158
      @chriswong9158 ปีที่แล้ว

      More really GOOD... for it offer chance those Nations to trade in own currency and by past SWIFT as well US Sanction on the US $$$. The nail that make BRICS a good option is Russia last straw, Sanctioning US $$$ held by Russian

    • @apostolosvranas4499
      @apostolosvranas4499 ปีที่แล้ว +2

      Honestly, I don't think that any currency backed by gold could function for long - this would hinder accountingwise development.
      Backed by a basket of goods' values (rare earths, gold, etc) would make more sense.

    • @23bosskid
      @23bosskid ปีที่แล้ว

      USA is a dumpster fire anyway why not

    • @Redemption-64
      @Redemption-64 ปีที่แล้ว +2

      ​@@apostolosvranas4499It wouldn't in the long run when you run out of those resources. There isn't not enough gold for example available, at current prices, to cover the increasing demand for goods and services around the globe, the countries’ national debt, and all the paper and electronic currencies circulated in the world. You will just run into the same problem with other resources, then what?

  • @commonsensethecynosure1639
    @commonsensethecynosure1639 ปีที่แล้ว +1

    I do not see aesthetic in the G7 photography. I do see aesthetic in the BRICS+ photography.

  • @darrensiew2440
    @darrensiew2440 ปีที่แล้ว

    What has g7 done recently for the world?

  • @trevorsutherland5263
    @trevorsutherland5263 ปีที่แล้ว +37

    They gave Putin a standing ovation. Biden can't even get that in his own country.

    • @khanhnguyen-tt3ff
      @khanhnguyen-tt3ff ปีที่แล้ว

      to bad Biden is not running a one man dictatorship

    • @scotthenderson292
      @scotthenderson292 ปีที่แล้ว

      Putin can't enter South Africa without getting arrested

    • @marcioborgesreis9066
      @marcioborgesreis9066 ปีที่แล้ว

      It looks like some people like to clap to murderers and genocidels .

    • @CristianmrWuno
      @CristianmrWuno ปีที่แล้ว

      Wow Dictators showing fake affection to each other, how admirable

    • @mandarinandthetenrings2201
      @mandarinandthetenrings2201 ปีที่แล้ว

      What a joke, Vladimit Putin is losing his war they are giving him a standing ovation because they know he won't be around much longer.

  • @bodhisathvan2086
    @bodhisathvan2086 ปีที่แล้ว +50

    But India's position as third largest economy in 2050 largely depends on the 2024 general elections... If Modi continues, they are in right path... If the opposition front with 20+ infighting parties come to power, India will definitely loose steam...

    • @khanhnguyen-tt3ff
      @khanhnguyen-tt3ff ปีที่แล้ว +13

      lol modi is going to win that election, no body except the italian would vote for 20+ party coalition

    • @pranavgandhar4604
      @pranavgandhar4604 ปีที่แล้ว +3

      2028, by 2050 India will go much ahead

    • @Ok-nn1ne
      @Ok-nn1ne ปีที่แล้ว +5

      Kya gobar bhara h third largest 2030 mai ban jaenge chahe kisi ki sarkaar aa jae

    • @mandarinandthetenrings2201
      @mandarinandthetenrings2201 ปีที่แล้ว

      Because of President Joe Biden, he as separated India away from any China / Russia alliance. There will be no BRICS currency. Both India, China and Russia would block any new currency in favor of their own.

    • @syncopatedfeb4770
      @syncopatedfeb4770 ปีที่แล้ว +4

      need toilets, lol

  • @amarelk6451
    @amarelk6451 ปีที่แล้ว +2

    Welcome to the Multi-polar world!

  • @haukeliefferink8493
    @haukeliefferink8493 ปีที่แล้ว +1

    Go BRICS 🎉

  • @ykactlyk
    @ykactlyk ปีที่แล้ว

    can we please talk about the political and economic state of the world right now

  • @ChristoffelTensors
    @ChristoffelTensors ปีที่แล้ว +3

    “Autocratic G7”. Which one of these countries has bombed small villages and ravaged nations?

    • @ralado31
      @ralado31 ปีที่แล้ว

      All of them? Ok, sure, WW2 aside the US and France still come to mind but pretty much all of them are still involved direct or indirectly in wars.

  • @eleinaedelweiss6215
    @eleinaedelweiss6215 ปีที่แล้ว +8

    Im indonesian but i honestly think that brics is a house of cards. We dont really need brics its bringing way too much political spotlight. I think we are far much better outside of brics and just make ASEAN better or expand ASEAN.

  • @s3r4ph1987
    @s3r4ph1987 ปีที่แล้ว +2

    As an African, I can say we are very grateful for the formation of BRICS

  • @bidarvandi
    @bidarvandi ปีที่แล้ว

    why did not mention iran&tyrky but etioupia

    • @TsionAknaw
      @TsionAknaw ปีที่แล้ว

      Cause turkey is a NATO

  • @bobbyf.4406
    @bobbyf.4406 ปีที่แล้ว

    0:00, G7 = 7 economies. Why there are 9 people?

  • @stevenf.5179
    @stevenf.5179 ปีที่แล้ว +6

    Love China from Toronto Canada ❤

    • @Hmonks
      @Hmonks ปีที่แล้ว

      Should move back to CCP

  • @gimmins
    @gimmins ปีที่แล้ว +13

    China is currently facing a economic meltdown never seen before, owing whopping 47 trillion dollars, 250% more than it’s GDP, so whoever’s assessment of China becoming the super power by 2050 does require some adjustments.

    • @babyboo7741
      @babyboo7741 ปีที่แล้ว +12

      Tell me about the US😆🤣😝

    • @PlaYer-sn5or
      @PlaYer-sn5or ปีที่แล้ว

      Ya sure China economy collapsed so many times already according to western medias. 🥱🥱

    • @PlaYer-sn5or
      @PlaYer-sn5or ปีที่แล้ว +4

      And the world is throwing US treasury bonds. Opss..

    • @WorldIsWierd
      @WorldIsWierd ปีที่แล้ว +1

      @@PlaYer-sn5or Throwing money into use bonds? The US bond market is at insane heights as people run into safe assets.

    • @淮阳子
      @淮阳子 ปีที่แล้ว

      America feeds you too much fake news.