The 2020s is the decade the dollars global strangle hold got sent to the bushes permanently. BRICS new membership request list looking scary

[Problematic Pat]

If accepted, the new proposed BRICS members would create an entity with a GDP 30% larger than the United States, over 50% of the global population and in control of 60% of global gas reserves. ​

The Russian Foreign Minister, Sergey Lavrov has stated that ‘over a dozen’ countries have formally applied to join the BRICS grouping following the groups decision to allow new members earlier this year. The BRICS currently includes Brazil, Russia, India, China and South Africa.

It is not a free trade bloc, but members do coordinate on trade matters and have established a policy bank, the New Development Bank, (NDB) to coordinate infrastructure loans. That was set up in 2014 in order to provide alternative loan mechanisms from the IMF and World Bank structures, which the members had felt had become too US-centric. The Asian Infrastructure Investment Bank (AIIB) was set up by China at about the same time for largely the same reasons and to offer alternative financing than that provided by the IMF and World Banks, which were felt to impose political reform policies designed to assist the United States in return for providing loans. Both the NDB and AIIB banks are Triple A rated and capitalised at US$100 billion. The NDB bank shares are held equally by each of the five members. In total, the BRICS grouping as it currently stands accounts for over 40% of the global population and nearly a quarter of the world’s GDP. The GDP figure is expected to double to 50% of global GDP by 2030. Expanding BRICS will immediately accelerate that process.

Concerning a BRICS expansion, Lavrov stated that Algeria, Argentina, and Iran had all applied, while it is already known that Saudi Arabia, Türkiye, Egypt and Afghanistan are interested, along with Indonesia, which is expected to make a formal application to join at the upcoming G20 summit in Bali.

Other likely contenders for membership include Kazakhstan, Nicaragua, Nigeria, Senegal, Thailand and the United Arab Emirates. All had their Finance Ministers present at the BRICS Expansion dialogue meeting held in May.

We can examine the basic economic data of the proposed new BRICS members as follows. GDP figures given are nominal, 2022 growth rates are based on the first 9 months of the year from data issued by the respective Central Banks.

The New Candidate Countries For BRICS Expansion - Silk Road Briefing

If accepted, the new proposed BRICS members would create an entity with a GDP 30% larger than the United States, over 50% of the global population and in control of 60% of global gas reserves. By Chris Devonshire-Ellis The Russian Foreign Minister, Sergey Lavrov has stated that ‘over a...

www.silkroadbriefing.com

 

[Buddy]

i don't see all of them joining but i'm still watching

 

[Apollo Creed]

I`m ignorant as fukk, but I've been hearing about BRICS forever and haven't seen anything spooky come out of it yet lol

 

[2legit]

I`m ignorant as fukk, but I've been hearing about BRICS forever and haven't seen anything spooky come out of it yet lol

Because its a nothing burger. Who the fukk wants to join an alliance with Russia, a dying country? Look at the list of countries mentioned in the article. Iran, Argentina, Nicaruagua. Not exactly a whos who of countries where shyt is popping

 

[Apollo Creed]

Because its a nothing burger. Who the fukk wants to join an alliance with Russia, a dying country? Look at the list of countries mentioned in the article. Iran, Argentina, Nicaruagua. Not exactly a whos who of countries where shyt is popping

From the map it just looks like "we all wanna be China's do boys" lmfao.

 

[Problematic Pat]

Because its a nothing burger. Who the fukk wants to join an alliance with Russia, a dying country? Look at the list of countries mentioned in the article. Iran, Argentina, Nicaruagua. Not exactly a whos who of countries where shyt is popping

From the map it just looks like "we all wanna be China's do boys" lmfao.

The Geo political ignorance on this board is astounding. Makes sense when you look at the national politics commentary

 

[Apollo Creed]

The Geo political ignorance on this board is astounding. Makes sense when you look at the national politics commentary

yeah because instead of expounding on the importance of this you make a dumb ass post like that.

way to go making people give a shyt

 

[Pull Up the Roots]

"The Russian Foreign Minister, Sergey Lavrov has stated..."

 

[2legit]

The Geo political ignorance on this board is astounding. Makes sense when you look at the national politics commentary

You are talking shyt about the Dollar during a time when the Dollar is at Record Breaking levels. Why don't you cash your checks in Rubles if you believe in it so much.

 

[Problematic Pat]

You are talking shyt about the Dollar during a time when the Dollar is at Record Breaking levels. Why don't you cash your checks in Rubles if you believe in it so much.

That has absolutely nothing to do with the Dollar being on it's way out. Do you even understand what any of that actually means??

 

[mannyrs13]

we should make a US equivalent with Canada, UK, Japan, Germany, France, Italy, and South Korea. 7 out of the top ten in GDP and bigger than whatever this China and India group would be. they really need to bring some of the manufacturing back to the US or let someone closer like Mexico or Canada take over cuz these Chinese folks are unreliable. With all the stories about them locking up citizens in camps and spraying them down cuz of covid, who knows what they could be planning or capable of. plus India with all the tech work we give them so they can run all these telephone scams. better to do the work closer to home than get screwed by those two countries.

 

[CBalla]

BRICS lowkey not playing

end may be near