BRICS: Emerging counterweight in a multipolar world? | DW Analysis
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- čas přidán 7. 06. 2024
- The BRICS - a cooperation of Brazil, Russia, India, China, and South Africa - has evolved from a mere slogan to a real-world economic bloc, preparing for its next summit in Johannesburg. The group controls a major development bank and is now thinking of expansion.
What is BRICS, what does it want, and how powerful is the group today?
#russia #india #china
00:00 Intro
01:01 How did BRICS start?
03:15 What does BRICS want?
04:59 How united is BRICS?
07:06 Why does BRICS want to expand?
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Best part about BRICS is that they don't plan failure of non-member states.
But they plan to kill their own minority especially the killer Modi and Xi.
Best part about the current US run system is: $32 trillion in debt, US credit score to drop for a second time to AA+. The USD is tethered to oil which is the ONLY reason it has any value still. 90% of the US stock market is owned by 10% of its citizens. Multiple recessions because of the shenanigans US banks are doing. I could go on, the government shutting down over and over because of failed budget negotiations. Any other system would at least have the ability to function correctly and legally. Good luck with the dollar!
or they own member
SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
And if you think this comes completely free of terms and conditions, then brics must have a magical source of self-replenishing funding for all the failed states lining up to join.
A retired Indian NSA said recently that domestic policies are run on values while foreign policy is run on naked self interest. India will be found in several groupings but it has three priorities. The first being its own security and economic prosperity. The second priority is to prevent Cold War type blocks and tensions. Finally, the third priority is to look out for the global south.
lol thats why India will never become a trustworthy and credible partner of anyone in the world
New block will be called (BRICSLGBTQIA+) Brazila, Russia, India, China, south africa, Lituania, Ghana, Bielo-Russia, Thailand, Quenia, Indonesia, Armenia + a bunch of countries.
@@cholou9708 tf
@@cholou9708 bruh💀
@@cholou9708G7- 7
LGBTQIA-7
The media is currently barraged with a lot of economic data right now. It takes a lot to see beyond the whole ocean of news on focus on what is important, which is that no matter how low stocks go, they always bounce back. I really ignore all the news and keep investing. I recently allocated about $120k to put in the market as we anticipate a crash. Any recommendations?
We underestimate the fact that banks are corporate entities also governed by greed. Since 2020, the banks have been over-leveraging their assets, which was one of the reasons for SVB's implosion. I have never been okay with keeping much money in the bank. I simply invest through my financial advisor, collect my profits, which I then spend.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I've been in touch with a financial analyst ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders
How can I contact your Asset-coach as my portfolio is dwindling?
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I believe BRICS brings hope for developing countries’ dignity. The world is tired of the G7’s lecturing and arrogance.
Bulls**t. Western Europe had rubble, debt, and humility after WW2. Democratic ideas, sacrifice and more humility gave back dignity.
You don't want to be lectured about human rights and freedoms of minorities?
of course not, primitive tribes in fetid jungles of Africa and India know only misogyny rule of strength and dictatorship, you mention anything about democracy and rule of law and equal treatment of minorities and females they are flipping TF out and become very belligerent and defensive @@jameskamotho7513
Para dar lecciones primero tienen que ocuparse de sus problemas
@@chieftain5571 But Western Europe does not have a large population or even an abundance of rare natural resources, therefore Western Europe will be what they all always have been...Slavic!
Stocks are rallying but I know better, macro shows the economy is yet to recover. I been holding stocks to sell at a profit at this time but it is looking like a bull market the rest of 2023. I am in a fight to hold or to sell. I’m up to 297 grand from a low of 250 thousand last year.
FOMO is the problem. Nothing to see here.
The market has been a turmoil since covid, the brief relief rallied for only a year and now the devastating effects of pumping trillions into the economy is here and will be for a while.
Stay in the mrkt and sell only if you need those funds. I got laid off and it has been difficult getting another source of income, glad I was investing when I did and of course with guidannce from a wealth-manager don’t listen to naysayers. I am making bank and the penalties for drawing from 401k to reinvest are nothing compared to the amount of wealth I now possess with my family.
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China and India are really the only high growing economies in BRICS today, and they have a tense history.
They literally kill each other with sticks at the border and agreed not to use firearms
They are only developed because of the WTO which the USA created.
Without Western investment they will be back to square one.
Both are 50% of population and relationship is tense but not to be taken out of context, India will be 3r gdp in 2027 or 2028, china 1 or 2nd. EU is deindustrializing due to oil and gas on which they were build. Now commodities will be weaponized like dollars and swift.
Chinas economy is no longer growing
@@humnnn Have you heard of QUAD?
The main difference is West alliance based on countries with same idealogy, people and shared history. BRICS is so different, trying to collaborate on common goals.
All the BRICS countries share one very important problem. -The West.
Continually attempting to suppress their growth, control their national resources. Destabilise those governments that isn’t following the Wests orders trough funding extremism groups etc…
It's a myth that they are the same people. Even the languages have evolved from different sources. It is not the same people.
And they also collaborate on goals.
They've become a group. Through that ideology and that history and just working together.
There is a bigger difference then that, the dollar is backed fresh air, while BRICCs is backed by solid resources!
@@DSan-kl2yc It's white people, bro. Just like Africans have thousands of languages and tribes, the Europeans and their diaspora have their tribes too - all different tribes with different languages and histories even but with a shared origin.
I disagree. Many politicians around the world thought the EU experiment would fail as well - for the same reasons. A German friend explained it to me like this: A person from Tennessee and a person from Georgia here in the states might disagree on something but they're still US citizens and would fight together in a war if they must. A Frenchman and an Italian who have beef and then have to saddle up on the battle field? Kinda dicey. Not to mention the competing interests of each individual country and that country's internal politics. Yet here we are and the EU is still running fairly well despite it's issues. BRICS might be having trouble at the moment but I would not count them out. We should take BRICS seriously, in my opinion.
While I share India's concerns about China's attempts to convert BRICS into an arm of their own soft and hard power, I genuinely hope that overall this can rise to be a real competitor to the Western economic order. I say this as an American, but not as an elite. I do not benefit from Wall Street's hegemonic control over global finance, but I would benefit from it being challenged.
Don't worry, China is its own biggest enemy when it comes to Soft Power. They cannot get over their inferiority complex which betrays their ham-fisted ways.
"I say this as an American, but not as an elite." The mere fact of you being an American already makes you a global elite. You are within the top 10% of wealthiest people alive.
"I do not benefit from Wall Street's hegemonic control over global finance," Yes you do. Wall street affects the US economy and you are active in the US economy. You benefit from America's dominant position in global affairs, it is what keeps your gas and commodities cheap and you living in luxury unparalleled to the vast majority of the world. You have to be extremely myopic to think that as an American, America does not benefit you.
Thank you. I'm not from a rich country and I dont think that the material disparity in our world is fair.
I ARE a rare awaken in your country
Yes and no. Wait to see wages then.
G7 and BRICS have the same dog with different collars. What is the purpose of BRICS ? domination for new economic order headed by China and Russia away from the decadent capitalism to the far left of the economic spectrum which is Marxist and Leninism political ideology within BRICS countries. China wants the YUAN to become the DRAGON currency in the world market as mode of exchange in GLOBAL MARKET.
BRICS dont require each country to change, they'll always be differences, no compromises and with each country having it own interest.
HOW DO YOU POSSIBLY MAINTAIN YOUR OWN INTEREST WITH YOUR BANK CURRENCY TIED UP TO SOMEBODY ELSE DETERMINATION. INTERESTING WHAT COUNTY'S ARE NO LONGER ON THE MENTION OF BRICS LINE UP. ESPECIALLY POORER IN LATIN AMERICA AND AFRICA WHO COULD NOT KEEP UP WITH 'PUTIN'S DEMAND TARIFF. BECAUSE IF NO KEEP UP WITH THIS, AND BANK TIED UP, THEN DEBTS WOULD DEFINITELY FOLLOW. ALSO THE KREMLIN IS CURRENTLY SERIOUSLY TRYING TO BULLY INDIA RIGHT NOW OVER ITS FINANCE.
Super! It seems to be called "democracy", no?
SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
This is easy when BRICS has done nothing.
Which is the reason they won't be able to create an alternative currency to the Dollar nor gather enough weight to rival the G7
Both india and Brazil have categorically stated that they support expansion of BRICS
Yes, but India’s foreign minister signaled they’re not interested in backing a new reserve currency. It shows they have some mismatched priorities, with Putin clearly wanting find a way to develop a competing reserve currency to the US dollar and euro.
That's a lie information😅
India and China is in direct competition economically and militarily. South Africa brings nothing to the table. Russia is isolated and bogged down in a war for years to come. If I ever see the embodiment of a joke, it is BRICS.
@@kalbarnes2494 Which, as long as America stays out of economic crisis (and any that arise would have to be BIG), will never happen. The inertia of the liquidity of the dollar is not going to be matched by anything else anytime soon.
@@kalbarnes2494 a lot of nations and even the IMF has called for a different reserve currency (system) for many years. eventually they too will figure out that you can only have a reserve currency if it is backed up by a solid, open economy that's large enough and by... pay attention now... RULE OF LAW. only contender is the USD with the EURO a far behind second... BRICS? Not even close.
I think its fine working together, better than nuclear war.
China has a two tiered currency system which A) has been incredibly useful for them in manipulating the currency value allowing them to become the world manufacturing HUB and B) is not a free floating currency. In order for this de dollarization to be anything other than political posturing China would need to open it's currency to the markets to even contend with the USD. China has no intentions of ever doing this since making it's currency free floating would instantly see the value soar and hurt all domestic manufacturing.
China and India are not allies and both of them benefit from the current status quo. You can take BRICs seriously the day you see China remove it's two tier currency structure. Don't hold your breath.
SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
You can take BRICS seriously when trade in Dollar collapses. And Sanctions no longer have any effect. Seeing how almost all of Africa and Latin america now trade more with China than the US. That is the most direct problem. Not China´s currency.. Not to mention how China now leads the global critical infrastructure construction in other countries.
@@indiasuperclean6969WUMAO CHYNA SUPAPOWA I😢
@@tuff9486 Dollars not going to collapse keep dreaming. Sanctions have a lot of effect actually. Dollar is trading at record highs so there goes your reality.
@@tuff9486 and what currency do most african and latin countries use to trade with China?
Do you think China is building infrastructure out of the goodness of their heart?
Existing developed nations are looking more toward India while increasingly turning away from China. India is also part of the QUAD alliance, more or less against China, so it's difficult to view BRICS as a unified thing.
India is trying to align itself with the west politically but found itself together with the global south economically
@@Libochindia not with west but it self in a league of other
🤣🤣🤣
Quad is not a alliance group,India never get aligned with west, only geopolitical view- business do ,if you talk about India,don't use words like alliance 👍🏻
They're playing house. If an alternative to the dollar that has comparable liquidity ever arises, it will be after we're all dead, possibly our children as well.
BRICS
was here.
Shawshanks redemption reference?😊
BRICS can succeed just like G7. Everyone has to work together and make trading easier among themselves.
Deus abençoe os BRICS. Agora é a nossa vez.
Absolutely,
And we can see how these western people are upset and nervous about our brics grouping and the fact that the group is going to be more powerful as our economy grows..India particularly is going to be 3rd largest GDP within 5 years.
Brics is the future.. nomater what these western media blabbers.
G7 is bonded by similar values languages, history and high level of collaboration. BRICS countries have often contradictory interests. As so it will never be a platform for world hegemony 🫰🏻
Os carteis do brasil + a ditadura chinesa + a ditadura russa + um país que nem luz tem + os scammers. Sem dúvida uma equipa imparável, países que servem como exemplo para o resto do mundo, exemplos de sucesso e desenvolvimento económico…
Filho, quando eu estava na escola, nos trabalhos de grupo à escolha os piores alunos da turma juntavam-se todos e os melhores alunos juntavam-se todos. Acho que toda a gente consegue adivinhar quais dos grupos é que tinham melhor nota no trabalho!
Amigo tu vocês nem conseguem governar o próprio país quanto mais meterem-se a governar outros
@@nbgoodiscore1303 invader America and his Nato alliance isn't good guy that destroyed Iraq in 2003 and killed thousands of civilians and they also invaded Yugoslavia, Libya, Afghanistan etc.
Yeah I don't know. In South Africa, for example, we don't even have a single direct commercial flight to India or Russia. Which may sound trivial but it shows that there is no demand (if there was some airline would have jumped on it already) for travel or connection between those places. We have very little in common with these countries. If only Africa could gather itself together to build strong continental institutions. Otherwise this rock we call Africa is doomed to more foreign colonialism under a different banner in the future.
You want that Africain continent get together when most of countries in that continent are fighting internally!!! Keep dreaming!!!
@@guyberube6382 I actually agree with you, but did you need to be so belligerent about it? Wait, do you know what that word means?
SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
Africa should unite with itself, but unfortunately it's run mostly by warlords and foreign-backed junta's. The west exploited and destroyed Africa in the early days, now other foreign actors are making sure that status quo does not change.
We all carry a big responsibility for what has and is happening in Africa today.
@@guyberube6382precisely because of that. That is exactly why they should get together.
BRICS has shown promise in some areas, success is not guaranteed and requires continuous efforts from all member nations. The diverse nature of the group, along with global economic and political dynamics, will play a significant role in determining the extent of its achievements
SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
@@indiasuperclean6969 We wipe our toilet with Ko ran, that's why 😂😂😂😂
@danthecarguy3870it may or may not change in the future, but so far it’s growing and not falling apart? You know, 6 new recent members, about 15 serious candidates for joining, and about 40 countries interested in possibly becoming members?
Zooming out, looks like an alliance is emerging between the global east and the global south against the global west?
@danthecarguy3870 Iran, Saudi Arabia and UAE are joining plus Egypt and Ethiopia applied; yeah, me don't think so.
In order for BRICS to succeed, each country would have to start unifying their policies. For example, in order to have a shared currency, they would have to unify their monetary policies. Otherwise, one country could just mass print the BRICS currency and cause hyperinflation. I don't see this happening any time soon given how different each country is when it comes to economic theory and policy.
What prestigious university do you teach at professor? Lol.
@@user-yw4rx6kb3rwhat’s incorrect about what they said? Child
BRICS members already said that every country can use their own currency, it will not be the same model like the dollar to obliterate and treath weaker countries.
@@ant318 what prestigious university do you teach at professor? Lol
@@user-yw4rx6kb3r Damn, I didn't know they let parrots use CZcams. I hear a lot of yapping, but absolutely no thought.
Power balance is always important to maintain peace
I would say that a decreased strive for power and an increased strive for multinational equal and fair institutions are what is most important for peace and worldwide development.
So you’re transferring all of your money to a Russian bank right? And you want the Chinese government managing this you tube channel your on right? Do you want Saudi Arabia to “balance” out your human rights? Tell the people of Ukraine that Russia is “transferring “ power to them.
@@frankleespeaking9519 Are you ok bro? Asking rhetorical questions is just passive aggressive and childish. I suggest you take a nap, lack of sleep can make a boy irritable
@@thor.halsli I didn’t realize I was being analyzed by a psychologist. Keep your suggestions to yourself. I can say that because we’re bro’s…
@@frankleespeaking9519 fair enough
Dear DW , please correct your map of India at 6:11. Why you are showing indian states of arunachal pradesh and j&k as part of china?
5:34 VERY IMPORTANT!! Thank you for noting this
I really hope that BRICS makes it, and so, shows the path for MINT as well.
The memebers of BRICS all share a common interest in there own countries economies and obviously see value in being part of the bloc. If it's good for them, then that's all that matters.
@@jeckjeck3119 and you can't stay in your own lane. Mind your business nosy.😅
BRICS is nothing but just another form of Chinese debt trap.
Bro cannot use English this wrong lol
@@breakingzilian5371your's isn't better
@@sulkel This person really said "your's"; when mentioning a possessive noun. I'd say both of your English isn't exactly the best.
Your attempt of writing the possessive noun "your's" is actually factually incorrect and instead you should be using "yours".
On 1 January 2024, BRICS officially added new members. Egypt, Iran, Saudi Arabia, UAE and Ethiopia joined the interstate association.🎉🎉🎉
I love the concept of BRICS, and I hope the bloc expands aggressively too. I will be most pleased if it manages to attract a few more European countries too. I have to also question the long term position of Italy and Japan in G7. Each for different reasons. Italy: could they be the next to exit the EU? Japan is an aging country, a mature economy that desperately needs stimulus. That stimulus is not likely to emerge from the West. And Japan largely has good relationships with current BRICS member states. Could BRICS be an attractive alternative for them over the next 15 to 20 years? I am going to watch this space with great interest.
SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
@@indiasuperclean6969fake account
Your thoughts about BRICS are interesting. I'll watching each chapter of this history just like you and we will see what will happen on the future
No western country will join brics,that's the whole point of the existence of brics
Japan is not exactly in good relations with either China or Russia. It's manageable but not warm with it being in G7 (anti Russia), in AUKUS and the Quad (anti China)
I really can`t think of 5 more incompatible big countries to get into alliance.
3 Nuclear powers are present too
They have alliance of 6 Nuclear powers they can easily reshape the world
and yet here they are and the West is "worried" :))
The UK is the US’s largest vassal state.
Then why are you so scared🤔😂
Bro I get it.... maybe being in one incompatible country yourself you understand it better. But bro, BRICS countries already have far larger contribution to global gdp than the G7. So i understand if it makes you afraid, but please do learn to live with it!
BRICS currency have Huge potential.
Control freak authoritarians aren't very good with free floating currency.
As a Indian I can say yes brics currency have potential
But india will not support & after Chinese agression brics will be only limited to trade
@@jeckjeck3119 lol, comparing Sudan with BRICS. First go and learn some Basics.
True
"The Global South" needs another alternative platform other than the Western led-institution. But BRICS is not meant to challenge the G7 or any other Western led platforms. It is here to balance the world order, the way all things should be. And when the time comes BRICS will be an inseparable partner for the western-led institution
BRICS is future of the world's economy, no doubt. Emerging markets, access to technology, natural resources, population.
What is a counter weight on a balancing beam to those with MBAs
I sense a clear sense of concern and urgency in your words, but this situation is indeed occurring. I understand that it may be difficult for individuals from Europe and America to accept this information. It makes me curious to know who would place their trust in the statements the media and the governments share with your citizens this time, considering the numerous falsehoods that have been told over the years.😏
What are u saying ??
India will never ensure the hegemony of China by supporting the BRICS currency. They will promote their own UPI instead. The current government of India has some smart people.
I'm from CANADA 🇨🇦🇨🇦
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I don’t think it should expand too much, it should emulate the G7, but maybe Indonesia could join
People seem to think this is an either or situation, India will benefit the most from BRICS, working with the West and trading and influencing through BRICS
Brics is trying to devalue the dollar why would the west want to work with an enemy
06:11 WTF... Correct the map of india... I never expected a global media house show peoples wrong map...
The Brick would be such a cool name for a currency. Imagine each note having a masonry motif, or a literal brick, and if you arrange the 1, 20, 50, etc notes together it builds (get it?) some picture (like exodia). Also the symbolism of your new multipolar world group having a brick as its defining feature would be charming.
Best part with BRICS is they dont interfere with your country's internal affairs in exchange for loans and actually builds infrastructure, roads, railways, air-ports etc
Germany and German news channel fear about India's development
Actually, Germany doesn’t care 😂😂
Why would Germany care 😂😂
Germany born hitlar, Germany and uk sama catagory country, becouse of India belive always France , india is growing country, world need,s india, india more powerful then Germany mind it
@@chiranjibroy8140deluded nationalist indian, in 10 years India will turn fascist, china maybe also will be the same way
@@chiranjibroy8140rukhja bhai bezzati mat kara 😂😅
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She is really great at what she does with amazing skills, she changed my 0.1BTC to 2.1BTC within two weeks of trading, I am now fully confident that she is reliable.
could also be spelled CRIBS
Far more fitting, bunch of babies.
@@BlodhelmThese babies will own your🍑
@@Blodhelm jealous? LOL
It depends on people mindset
@@Blodhelmwho hurt you lil bro
Go BRICS and Africa and Russia and China and the WORLD except the West.
A shared currency means shared central government, much like the EU and Euro. I don't see Russia, India and China coming together.
Totally agreed. Not possible in near term. Not to mention EU is actually physically connected
I don't think a central government like EU is needed, with free transit, common politic rules, common norms and regulations, and great unity.
A common indepent economic organization to establish and enforce the currency rules could be enough. All members could still have their own political systems, their own policies, etc, as long as they fulfill a strict set of requirements and implement some specific checks and balances, regarding only the common financial system.
I'm from the US. I don't defend Wall Street or its practices. That said is BRICS really offering developed nations a better choice or just replacing the G7/World Bank with a slightly different type of oppressive debt and threats? How is Putin offering the world anything new? One look at Ukraine should tell you all you need to know.
Yes, the G7 promised UKR a war to the last Ukrainian. What a valuable partner for the developing world.
One look at Russia should tell you everything. 😆
Putin just offered free/subsidized food grain to poor African nations.
@@picklethepirate You have brain problems ?
@@picklethepirate The war in Ukraine broke out because Putin wanted to put someone like Lukashenko in Ukraine who was supposed to centralize power and become the owner of the state like Lukashenko in Belarus and introduce the same system of oppression. The people of Ukraine were furious when he start to use violence against peaceful demonstrations young Ukrainians often students from biggers city . Historically, Ukraine has not been part of Russia any longer than Western civilization, and in terms of civilization, they feel mentally more like Europe.
You mean like trying to get consensus on whether to take the group photo with their shirts off or not...
They are now removing posts on this subject. You will see many other posts discrediting the subject. Be skeptical.
All "BRICS" countries intend to expand their Platform that means to accept more countries as new members.
BRICS is nothing but just another form of Chinese debt trap.
Pray to whatever god you know that they don't. It'll just breed more, Putins, Xis, Trumps, and tin pot dictators, like roaches. You want to help Brics countries, feed them democracy and humanism.
A shared Currency will probably be in the cards for BRICS. However, this is sort of a sensitive issue, and could close doors with the west.
"A shared Currency will probably be in the cards for BRICS" Yeah as long as neither China, nor India, nor Russia, nor Brazil, nor South Africa are members. The G7 doesn't even have a unified currency and their economic and political goals generally align. There is no reality where China and India share a currency.
Completely.
They won't like it... Cos that has happened to the USA.. (and see the gun fights).... And also Europe... see the euro ?... People had been killing off each other. So if you think that a "BRICS" state.. or a "block" is going to work? It won't..... I bet you, it will create another layer of army and warring states... Cos that is how it is normally. There are already armies.... regional ones.. and criminal gangs that doesn't want their turf to be disturbed. This is going to increase those angers.
Decision making might be problematic, but they have a solid common ground.
Cry more and cope. @@jeckjeck3119
@@jeckjeck3119you jealous?😂
Water supply in India was the perfect photo.... showing india 😂😂😂
We will overtake Germany in a year or two 😅😅
Waiting for Indonesia 🇮🇩 to join the BRICS association
So what are the benefits of joining with BRICS?
Indonesia is non block country.
@@HK-ce2lj
is not abaut benefits. its bczos i hate america hegemony
@@HK-ce2ljGetting funding from its development bank.
Indonesia has formally applied and Brazil said Indonesia is their favorite to join.
How can the lady says 'BRICS' is an informal partnership!!! On the contrary, BRICS is a formal establishment just similar to the EU although it is not an alliance like NATO. BRICS focus is economic not military oriented.
well said!
Exactly 💯
People can travel across the EU and do business with limited red tape and they use the same currency. BRICS nations have to try to keep China and India from fighting and are afraid to do business in Russia at risk of sanctions. Hardly a strong alliance in any sense.
😂😂. Even China is using Russia for its own benefit, how can it become the EU version
It is not a formal military alliance because BRICS is not a warmongering group like NATO 😅
As a Brazilian, I can say that we just want to live in peace. The USA and Europe need to stop telling us what we should do in our country. Take care of your country, and we will take care of ours. Period. (Every time you talk about sanctions against us)
For how much longer will it be emerging? It's been like 20 years.
It will take a while, as they don’t loot and enslave others to get rich quickly like the west did. They have to accumulate enough capital on the hard work of their own people and resource over time, no colonialism and imperialism as short cuts this time 😅
Cry harder in your closet 😂
Interesting. This is my favorite news channel.
Writing on wall , need to see with open eye . West do have established financial institutions , world reserve currency. BRICS & global south have commodities, demographic. G7 played well , sanctioned Russia . Russia come out of grain deal , china bans export of critical minerals and India bans export of rice . Is anything common - Power of commodities vs west Fiat reserve currency .
When it gets very cold in winter, the reserve currency can be used to heat the stove, so this is a great advantage.
Keep going BRICS...
Will the difference between BRICS members end up making BRICS a fantasy ? For each member of BRICS, the question is "Am I more likely to achieve my development goals as part of BRICS, or on my own ? ". The answer is always the first: as part of BRICS. That is why the BRICS organisation will not disappear.
Wasn't that the whole Brexit debacle?
SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
Welcome to the multipolar world order. Where no one will lead. And within those tensions of powers will freedom be found.
not only that, but who can the US threaten with sanctions afterwards? If most of the global south join Brics, Sanctions from the North wont mean a damn thing.
India is highest growing economy in the world in last 5 years
It's Guyana brother with 40 % growth rate and India is around 6 - 7 % growth rate
@@studystudent2134consider population
@@studystudent2134guyana itself an indian majority nation
why do they look like the good guys and we look like the villains
6:11 get the indian map right
I think in general, that the formation of the BRICs is a positive thing as it raises the level of development of these countries. However it is not the be all to end all - each of these countries are faced with major structural problems related to the global division of labour in which they are subordinate to Western imperialist powers.
Today we are witnessing a new world geopolitical configuration on the run. The polarization west/global south and the unescapable magnetic atraction by China superpower. Power.
To make their voice stronger, they used military force and threats
BRICS is the future
If BRICS or BRICS+ countries start to use local currencies for international trade then Dollar will almost lost it’s status as strong reserve currency.
The dollar is used as the world reserve currency exactly because it is stable and every country trusts its value. The only way any other currency, let alone currencies supersede it would require the US economy collapsing, which is not going to happen any time soon.
@@serebii666 But when BRICS+ countries will start to use local currencies numerously for cross border transaction then they will hold less dollar as reserve currency than before, because they are now bypassing dollar using local currencies and then systematically dollar will lose it's value that will crash US economy gradually and one day suddenly.
@@Musafir1333 That's not how international trade works. And especially in the Context of BRICS, where the Chinese RMB is extremely manipulated, that will not happen.
Let me break it down for you, since you obviously do not understand how international trade works: to trade between countries with different currencies, both parties need to come to an agreement on the value of their goods or services in their respective currencies. But especially for countries with highly manipulated currencies, like Russia and China, there is no trust in the value of their currencies. So the countries choose a currency that everyone can agree on its value. And that is exactly why the US dollar is so powerful, because of all the countries in the world, only the US has an economy and therefore currency so robust that everyone can rely on it to maintain its value. It is also the reason why international trade is conducted in the LEAST amount of currencies possible, to keep that trust high, since keeping track of currency fluctuations is a great ordeal. None of the BRICS countries have economies or currencies robust enough with institutions stable enough and governments trustworthy enough to maintain the trust necessary to use their currencies.
It is exactly the reason why ALL of the main global currency reserves are in currencies of economically developed, democracies, rule-of-law obeying countries.
"systematically dollar will lose it's value that will crash US economy gradually and one day suddenly." There would be nothing sudden about shifting the entire global economic order. Even the worst crisis to hit the value of the dollar, the 2008 Recession, did absolutely nothing to change the reserve structure of the world. And when we look historically, it took the UK pound 100 years and national bankruptcy brought on by fighting WW2 to lose to the dollar, after the US had already eclipsed them economically for decades, and they are still the 3rd largest reserve currency today. I'm sorry, you are just plain delusional. You really have no concept how economies, let alone global commerce operates, in the modern day or historically.
@@Musafir1333the US and BRICS have roughly the same GDP, yet one currency is the reserve of 70% of the world while the others don't even add up to 10% together. What makes you think less trade would change anything?
This is wishful thinking.
Both BRICS and € came to existence 20+ years ago. Today, only € is in existence, BRICS is just a theory. If € has not made the $ to fall, how could BRICS possibly devalue the $?
Because Russia and China are all about cooperation,
aren’t they
Haha! Yup! And nothing screams "cooperation" better than border skirmishes and claiming land in each other's countries (see China-India relations). 😂
this is a good battle battle G7 vs Bricks .
It should be understood that the G7 countries without the BRICS countries will lose at least 50% of GDP
People are mentioning the differencies between BRICS interests and also disputes between members, but there are multiple differencies between G7 members. Sholud i remember people of BREXIT? the disagreements between trumps adminstration and EU countries over NATO and climate change? Germany and France disagreement on closing a Trade deal with Mercosur....
Like any other group, that will always be multiple interests, this is absolutely normal
Take Pakistan, Saudi and Iran . And then we'll see you next time.
The issue is not that there are disagreements, but the degree of disagreements.
@@ycplum7062 there is way less disagreements between the BRICS then that is between G7.
G7 its a much more complex relation
The degree of the disagreements is not the same and it's intellectually dishonest to pretend otherwise. The G7 members didn't have soldiers at each other's borders beating each other with sticks and rocks.
People deadass be saying the G7 is less cohesive than BRICS, lmao
The future will be hyper efficient having so many people will be a burden. With tech doing most of the work and driving productivity levels through the roof.
Sacrifice yourself so as not to burden this world. You must stick to your principles to the very end.
@@leon38id bot learn to read and think
@@jeckjeck3119 Yes, I think it's a great choice for you 🏳🌈.
BRICS all of its founding members are active members of the G20. In the G20 the economic conditions of its member countries are almost equivalent and there is not a big gap between one another.
The difference with the BRICS is that there are no clear criteria for new members where there are countries that are developed and there are countries that are still lagging behind economically. It is possible that in the future weak countries will only become market targets for products from more developed countries
Not 3 yrs later . We joined 2010 but hosting the football world cup delayed announcing membership .
Brics is Russia and China trying to create a system where they have bigger leverage in some situations, and that it will be harder to san ction them when they occupy the next country.
They're trying to recreate the former Eastern bloc, & so long as it suits the Brits & Yanks they're gonna let em.
so far, only your brain was occupied by the guys from CNN)))
Like nato
@@ghtwghtw7197 No, actually not at all! NATO is a defence alliance. Sometimes MEMBERS of NATO help for example UN in conflicts (note, any other UN member could too, but most won´t!!!). So in those cases it is not NATO but it´s members acting.
NATO doesn´t have any economical goals or influence, or currency for that matter.
BRICS strive to become a actor in finance, with some hopefully common goals. The risk is that China will be the one with the most interest to steer it... watch for the China transport routes.
@@PjotrIINATO war against Libya, Irak, Yugoslavia, etc.. And u say Defence Alliance. 😂😂😂
The BRICS countries talk about development at the meeting, and the G7 talks about war and how to prevent other countries from developing at the meeting.
Why does brics wanted to talk about war?
China, India, and Russia are already doing it right now.
@@aldrinmilespartosa1578don't include india we respect each and every country
@@sahilrajput5746 India perhaps but China definitely didn't. Like how many Indians and Chinese die off the tips of the Himalayas?
@@sahilrajput5746 : You are already involved.. India is purifying the oil.. for Russia... and China is supplementing arms.. and oil to the Russian army... AND people as well.. So chinese are now found in Russia... fighting for Russia.. against Ukraine.... (And the laws in HK have been enacted to "shut the chinese up"....) from leaking these info etc. They don't want chinese citizens to be translating.. or saying anything that is a country's so called secrets. But those videos are being uploaded by the citizens themselves ! I bet they will go to jail soon enough. Cos even they don't believe in it....
What are the deep shortcomings in the international architecture?
BRICS is needed to bring balance and fairness to the world. It also allows for growth and development of smaller and more poor countries. It also prevents the influence of western culture from spreading which keeps countries unique and truly free.
The Chinese should not discouraged by India's behaviour but should talk to mitigate India's concerns. If they think India will be their cheerleader in BRICS they are wrong. But we want to see China and Russia prosper but not at our expense.
If you know history, India is the imperialist side in South Asia. Since Britain left, India has been invading and annexing small neighboring countries, including Sikkim, a legal country of the United Nations. This is the only country that has been annexed after World War II.
@@southkoreausasmaster8805look who is saying Sikkim joined Indian by referendum but China annexed Tibet forcefully
@@southkoreausasmaster8805😂😂Sikkim was afraid that China would destroy the Buddhist society there by occupying it, so they preferred to join in India.
There was no war between Sikkim and India, whereas in Tibet, China had occupied it by sending army.
@@southkoreausasmaster8805Since Japanese, Germans and British left the territory from the east of Wall of China, the wumao imperialists stared annexing inneer Mongolia, Manchuria, Tibet, East Turkestan etc .
You got your little sense knocked into you when you started a war with the Soviets and got whopped in the 1970's
@@southkoreausasmaster8805lol you read the wrong history
India and China has thousands of years of history together and there hasn’t been a single war but in last 50 years our relationship has been not that good . CCP should think about it , we have same value and other history is shared . Buddhism is common base to build relationship again .
They never questioned the creation of G7 why are they questioning the creation of brics
Let's be frank, it's an alternative to the digital economy.
BRICS основан на равноправии, настоящем и справедливом партнёрстве. Западным странам, с колониальным прошлым и колониальным менталитетом, этого не понять. Запад привык грабить, Восток отдавать.
Две азиатские страны ненавидят друг друга. Честно говоря, я считаю Китай бесполезной страной. Китай имеет пограничные споры почти со всеми своими соседями
That's right bro
Isso. Esses países se respeitam apesar das diferenças. respeitam a cultura do outro e nenhum está interessado em conflitos internacionais.
I don't msee BRICS as going much of anywhere. For trade, it remains critically dependent on the US Navy for maritime security. It can't provide its own.
China has the largest navy
Russia has the largest Super Submarine fleet even US cant detect
India,Russia and China have Well development Space research and surveillance powers to easily see on any corner of earth and They hold choke Points of trade and with addition of Argentina and Brazil they will cover almost the entire earth.
Does that mean the USN will engage in piracy against BRICS merchant vessels? Otherwise, why would it matter?
Maritime security? More like patronizing and intimidating, where? India? Brazil? SA?
@@piplupempoleon4225 The Globalization and Global Free Trade that you currently all enjoy was created by the US 75 years ago using the Bretton Woods Agreements, its associated raft of treaties and the US Navy at US Expense to provide for Maritime Security. Notice that there hasn't been endemic piracy, privateering or navies poaching ships, the like in the 1600's, 1700's, and 1800's of legend. This isn't free, the US made little money off it and is tired of the economic expense in terms of $ and jobs. The US is getting out of the business of holding up the Ceiling for Global Maritime Security. So if you like Global Free Trade, the other nations of the world have got to come up with a plan and a navy.
Who said that the US Navy guarantees maritime security.
BRICS will be the most reasonably promising opportunity for countries to join for betterment of our globe/world.
How powerful is G7 and what does it want
Pretty sure this map will change very soon!! The majority of Africa is backing Russia. Russia has forgave many African countries debt and moving forward with aggressive mineral deals.
This should honestly be a good thing, but has no one noticed how Russia has been straddling the fence and will continue to take advantage of both economic systems post BRICS? This might as well be called the RC, or rather the CR since China has more financial girth than all of them no matter how much they expand. I think they will sill have the strongest leverage and despite how it looks they will run things. I fear that India and Africa will be further marginalized by the CR agenda.
You might wanna remake the video cause power structure just changed like huge
This video needs to be updated
Seven Years War, Napoleonoc Wars, Scramble for Africa, World Wars i and II, The Cold War...yea multipolarity has such a strong track record for the world and the the Global South in particular.
Yes, Western hegemony has become detrimental to the planet.
History degree at local KFC dumpster, I see
all those things have one thing in common...
@@kreight_ what was Japan’s role again? Cant remember..but Im pickin outta the dumpster so its hard to read.
Competitive alliances with victim complexes who use their historical grievances to excuse the own agency.
As a premise, uniting for the contribution of the entire human race is admirable, but it is wrong to privatize power or make it a dogma to make only one country wealthy.
Ive never heard of the World Trade Organisation either.
Spoken like a true delusional. Average Joe who’s saying random words without any self awareness and message.
The US is exactly doing all those things you just described.
🎉 BRICS ❤🤝💪💪💪
If India and China have good terms then BRICS will be a powerful block in the world.
The idea itself its not bad, but how trustworthy are their leaders?
Less likely.
So far NATO is not worth trusting
Depends on which news channel you watch
Trustworthiness of 15 years
@@noize2sound tht doesnt change their trut worthy ness. Facts are facts. Anyone being buttbuddies with regimes lie north korea and russia are not to be trusted
THE BEST THING THAT HAS HAPPENED TO THE WORLD IS TO HAVE A GROUP THAT THINKS PROPARITY FOR ALL NOT JUST FEW
We all have to start somewhere
*BRICS IS THE FUTURE* 🎉
Can someone explain/show the actual current results of BRICS? It looks like just talks without real actions/consequences...
So far they created their own digital currency and do not use dollar in trade among themselves. Created a bank that intends to compete with the world bank. And do research together, exchange technology and share information on education systems, agriculture and so on. The satelite that monitors Amazon deforestation is a partnership between Brazil and China launched by India for example.
@@larissamello3262none of that is true. There is no common currency, India and china still use the USD. India, china and Russia all want to have a common currency, and they all want it to be their own.
@@PeterSedessethey still use the USD when trade with west country, but not among themselves
@@piplupempoleon4225 that is not true, companies in India will not use the yuan and vice versa. The only exception was India was able to make a deal with UAE to buy oil using Indias currency. In the world right now 90% of world trade is done in USD or Euros, with 5% done in yuan and no other currency over 1%. Do you really think an Indian company is going to accept yuan as payment, or the Russian ruble which has lost 50% of its value since last summer? The US does not force the dollar on other countries, foreign companies just use the dollar and Euro because it is stable. Imagine an Indian company making a deal with a Russian company and a accepting rubles, and by the time the trade happens at the agreed upon price, the ruble has lost 20% of its value.