This video explains why Argentina and Iran requested for BRICS membership in 2022 during the 14th edition of the BRICS summit, which was virtually hosted by China. Brazil, Russia, India, China, and South Africa make up the BRICS.
The BRICS bloc is made up of more than 40% of the world’s population and is responsible for about 26% of the global GDP.
#brics2022 #geopolitics #argentina #iran
Robert Kiyosaki addresses the significance of the BRICS nations and how important they are to the global economy in this video. The popular author of “Rich Dad, Poor Dad,” Robert Kiyosaki, talks about the importance of the BRICS nations for the future of the global economy.
Watch this video if you’re searching for something entertaining and educational! Robert Kiyosaki discusses the BRICS nations and their significance to the global economy. He emphasizes their significance and the need for everyone to be on the lookout for them. This video should not be missed, whether you’re a businessperson or just an ordinary viewer.
“The BRICS alliance is a waking giant,” declares Willem Middelkoop, CDF founder and best-selling author of The Big Reset: War on Gold and the Financial Endgame. “It’s the west against the rest of the world now,” and a lot hinges on if Saudi Arabia joins BRICS or not, he tells Daniela Cambone. Middelkoop talks about how he predicted in his best-selling book that “Moscow and Beijing will try to rebuild the world order,” and that there will be a revaluation of gold as part of the “great reset.” Physical gold’s case has been made with “the popping of the crypto bubble,” he argues. Bitcoin is here to stay, and it’s healthy to have a shakeout in the digital asset market.” He concludes, “Bitcoin is digital gold, and the other alternative cryptos are Ponzi schemes.”
#bitcoin #greatreset #gold
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00:00 Prospect of Saudi Arabia joining BRICS
4:59 Is the world moving on from Western dominance?
7:47 Biden’s upcoming meeting with Chinese leader Xi Jinping
9:05 World’s central banks buy more gold
11:09 China and Russia’s gold storage mystery
12:35 Why won’t the U.S. want to remain the dominant player in gold holding?
14:48 Gold revaluation is coming
16:23 Will there be a digital gold coming soon?
18:12 How will the crypto players fare?
19:56 Inflation and the recent CPI number
21:52 Energy crisis in Europe
23:35 How did we get into the diesel shortage?
24:53 Shortages in physical copper markets
26:08 U.S. dollar has had a huge run
27:38 Is there an uptick in the interest in miners?
It is said that Saudi Arabia, which makes the most oil in the world, wants to join the BRICS alliance.
The regional alliance, which consists of Brazil, Russia, India, China, and South Africa, has been hailed as a significant challenger to the world order dominated by the West.
Cyril Ramaphosa, the president of South Africa, revealed that Crown Prince Mohammed bin Salman had voiced the kingdom’s intention to join BRICS during his trip to Riyadh just one week prior.
With 17% of the world’s proven oil reserves, Saudi Arabia has long had strong economic and security connections with the US. But since Joe Biden’s victory, Riyadh has gradually gotten nearer to US adversaries like China and Russia.
The oil-producing cartel OPEC+ announced earlier this month that it will reduce oil production by two million barrels per day. Ahead of the midterm elections next month, the US criticised Saudi Arabia over the action, claiming it will directly promote Russia and harm US consumers. The BRICS nations have long advocated for the creation of new financial centres to compete with US-dominated organisations like the World Bank and IMF. Would Saudi Arabia joining the organisation aid BRICS in achieving that objective?
Senior Fellow at Singapore’s Middle East Institute
Professor at Lancaster University
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BRICS — meaning Brazil, Russia, India, China and South Africa — is widely regarded as the pillar of emerging economies. And other countries want in.
The BRICS economic bloc is made up of five of the world’s biggest emerging economies: Brazil, Russia, India, China and South Africa.
The acronym started as “BRIC” in 2001, when Goldman Sach’s then-chief economist Jim O’Neill predicted that the economic weight of Brazil, Russia, India and China could eclipse the world’s biggest economies in the next decade.
A decade passed, and that didn’t happen. But leaders of BRIC nations did hold their first official summit in Russia in 2010, with South Africa joining the group a year later. Since then, they have met regularly to discuss cooperation on global issues.
One of the group’s major achievements was the establishment of the New Development Bank, set up in 2015 by the BRICS countries to support infrastructure and development projects in BRICS and other developing countries.
Over recent months, BRICS has generated buzz partly due to other emerging markets expressing interest in joining the bloc. Argentina and Iran have submitted applications to join, while countries like Indonesia were named as potential new members.
In the wake of Russia, a key BRICS member, waging war on another sovereign state, how will BRICS move forward in the future? Watch the video above to learn more about the positioning of BRICS in the global order.
#CNBC #BRICS #Brazil #Russia #India #China #SouthAfrica