BRICS has become eleven countries instead of five.

[Cryptomultiplier]

Since I have been following up on the BRICS updates, it is glaring how the new world order is already being established without even a world war or as much as any international disturbance. At least the demand for the USD will reduce, this will make its price hopefully reduce too.
I saw a brief reel on Instagram of China's Presidential visit to South Africa because of this same BRICS initiative. It is gaining appraisal by the day.

At least, we would get to see a change in the economic activities that leads to growth and prosperity should this become successful. Not one that is forced by deals that is one-sided or controlling in total.
  The recession has swept on for too long and the USD has never stopped rising against my own local currency, making it rather hard to live well and afford to pays bills too.

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[Bushdark]

I think Iran is already a member of the BRICS before now and things is going to get rough for the American dollars making there economy less stronger than what it is now. It is very certain that many countries in Africa will have no option than to Join and accept the BRICS membership has time goes on because many of the African countries is already passing through a rough  time since the time of colonial era. The movement of the BRICS currency is going to go far than what we are seeing now.

[panganib999]

Considering the fact that these countries are either in relation or in retaliation with the USA, I say the inclusions of these countries aren't so bad after all. It's not meant to specifically target US and its military, nor does it aim to push for civil unrest. I think people demonize the BRICS just cause they have countries that aren't in good terms with the US, when the primary goal of this organization in the first place is to just find ways and assistance to keep allies' economies afloat during a massive financial turmoil. Which goes without saying is something that they have all rights to do.

If we want to find fault in this organization, we might need to wait a while before that happens. Otherwise, let's just assume that the BRICS is an authoritative figure with nothing in mind but the betterment of allied citizens.

[icalical]

The new 6 countries that mentioned in the article seems only got the invitation, none of those country has confirmed that they actually want to join BRICS at least as far as I know and at the time when I write this reply. All that being said if those countries were to join BRICS then it is a new world order indeed, they already got India and China, with UAE, Saudi, and Iran join in the west should really consider to start their move (whatever that move is, but idk). No offense but UAE, Saudi and Iran will have more significant influence than the other three countries.

This is wrong. Before the BRICS summit, 22 countries filed formal applications to join the alliance and six applications were granted. Initially, 5 applications were granted, then Ethiopia was added to them for "geographical reasons". Officially, membership in the alliance will begin for new members on January 1, 2024, and the alliance itself will probably be renamed BRICS+.

My bad, I guess I only followed the BRICS stuff after they officially formed the first alliance of 6 countries, never researching about the previous event. But after some due diligence I found that there are actually 40 countries that are interested in joining, but only 22 that have filled official application.

[coupable]

Considering the fact that these countries are either in relation or in retaliation with the USA, I say the inclusions of these countries aren't so bad after all. It's not meant to specifically target US and its military, nor does it aim to push for civil unrest. I think people demonize the BRICS just cause they have countries that aren't in good terms with the US, when the primary goal of this organization in the first place is to just find ways and assistance to keep allies' economies afloat during a massive financial turmoil. Which goes without saying is something that they have all rights to do.

If we want to find fault in this organization, we might need to wait a while before that happens. Otherwise, let's just assume that the BRICS is an authoritative figure with nothing in mind but the betterment of allied citizens.

I had provided an explanation in a previous comment confirming your point of view in a completely objective manner, free from all kinds of bias. I will try to rephrase it more appropriately: The competition between the two poles {US-European & Brics+} is what can achieve stability for the global economy without this reaching the point of conflict. It should not be a war in which one side seeks to eliminate the other, and unfortunately, this is what the United States has been working on for decades. Just as it is important to diversify the forces between the poles of the planet, it is also important to diversify the currencies used in world trade. This does not mean completely abandoning the use of the dollar or replacing it with any other currency. Rather, the use of several currencies will help in the recovery of the current financial system, which suffers from successive crises due to the concentration of power in the dollar. It would never be good for the same dollar scenario to be repeated with another currency.

[pooya87]

I think Iran is already a member of the BRICS before now

Technically Iran wasn't a member but even more technically there was first Iran then came BRICS

One of the main reasons for creating BRICS was to challenge the dominance of US dollar and US. That means creation of new payment systems, new trade routes and relations that US can not dictate or prevent, creating a sanction proof economy, etc. Well, Iran as the most sanctions country for the longest time in history has already created all that. Iran already has sanction-proof payment systems, trade routes and partners, and a lot more.

I may be biased but to be honest the way I see it is that BRICS without Iran didn't mean much. Specially when you consider the historical role Iran (or Persia) played in the global economic scene for centuries connecting East and West by being at the heart of Silk Road, and it still is at the heart of the new Silk Road under the new name One Road One Belt.

[coupable]

I may be biased but to be honest the way I see it is that BRICS without Iran didn't mean much. Specially when you consider the historical role Iran (or Persia) played in the global economic scene for centuries connecting East and West by being at the heart of Silk Road, and it still is at the heart of the new Silk Road under the new name One Road One Belt.

This is an important point. Iran's location is its blessing as well as its curse, and this has been proven by the facts of history. Since the Middle Ages, travelers used to call Persia "the key to the East" until the construction of the Suez Canal, which reduced Iran's role in world trade.
It is important to address the reasons that delayed the formal inclusion of Iran in the BRICS since its inception, the most important of which is the international pressures on Iran since the fall of Reza Pahlavi (supported by America and the West) through the Islamic revolution in 1979, followed by a regional war against Iraq that lasted for 8 years (Saddam Hussein was supported by America at the time). Then, after the fall of the Soviet Union, Iran did not come out of the American Western considerations represented by the occupation of Afghanistan and Iraq and direct intervention in the Caspian Sea region through the establishment of a system of Eurasian corridors between Turkey, Azerbaijan, Uzbekistan, Kazakhstan and Georgia in order to achieve the geopolitical isolation of Iran because of the Russian-Iranian rapprochement that harms With American interests, according to which Iran will have two options, either to submit or to confront a hostile environment on its northern borders. Without forgetting to fuel the sectarian conflict with its Arab neighbors and to put more pressure on the background of the nuclear issue.
I find that these pressures are enormous, and it is really exciting that Iran has succeeded in steadfastness and the establishment of international alliances with such solidity. The BRICS countries were not able to declare a direct confrontation against America by officially accepting Iran's accession, and the cooperation remained formal. Today, the BRICS group feels stronger and that the announcement of Iran's inclusion in it will not meet any objection.

[cozytrade]

The speed of the BRICS currency is increasing day by day and it is believed that BRICS will soon become self-sufficient. It is clear that six more countries are included in this year's BRICS 15th conference. If BRICS is perfected in the world market, the pressure on the dollar will decrease a lot and the dollar will gradually disappear from the world market. As a result, the American economy will collapse a lot

[legendbtc]

The speed of the BRICS currency is increasing day by day and it is believed that BRICS will soon become self-sufficient. It is clear that six more countries are included in this year's BRICS 15th conference. If BRICS is perfected in the world market, the pressure on the dollar will decrease a lot and the dollar will gradually disappear from the world market. As a result, the American economy will collapse a lot

I support the BRICS and hope they will become bigger and more influential in the world. But I don't believe they can make the dollar disappear from the world market nor the US economy will collapse. Even finding a way to reduce their dependence on the USD is not a small challenge for them, and there is no guarantee that the BRICS will succeed. So don't expect that the US economy will collapse or the dollar will disappear completely, that's not possible, they will only weaken and we should hope that happens.

[WillyAp]

Let's not forget that BRICs unites about half of the world's population and precisely the poorest half.
Most people wish for the US to fail, I don't think they see that by the US failing it gets worse than now. 

[Smack That Ace]

Let's not forget that BRICs unites about half of the world's population and precisely the poorest half.
Most people wish for the US to fail, I don't think they see that by the US failing it gets worse than now. 

Can you point out who is expecting the United States to fail? What everyone is trying to do is create a multipolar world and become more just. It is unfair and unpleasant that the whole world depends on and is dominated by one great power. Why don't you and the haters of the BRICS think this is just a fair competition between world powers? If the United States is indeed in power, then there is no reason to fear the BRICS.
I don't support any country because the national interest always comes first, but I prefer to have competition and fairness rather than let one country take advantage of power to look down on others.

[pooya87]

I find that these pressures are enormous, and it is really exciting that Iran has succeeded in steadfastness and the establishment of international alliances with such solidity.

It's been a rough and long journey though. Reversing a downward spiral that lasted about 2 centuries is always expensive. We have a saying that they took a whale turned it into a pussycat (current map of Iran looks like a cat); that is the occupation/separation of 2.6 million km² from Iran between 1812 to 1970 starting from Caucasus to Iran's 14th province called Bahrain.
It took roughly 15 years from 1964 to 1979 to stop that downfall and start the reversal through a bloody revolution, then it took almost 5 decades in post revolution Iran to get to here with an 8 years of "hot" war (armed conflict) and 44 years of cold and hybrid war to get to here.

The BRICS countries were not able to declare a direct confrontation against America by officially accepting Iran's accession, and the cooperation remained formal. Today, the BRICS group feels stronger and that the announcement of Iran's inclusion in it will not meet any objection.

This is also another indication of the weakening United States. It is not just the POTUS who is a senile old man, he is the literal manifestation of a regime that used to be a superpower.

[Husires]

some of those countries are oil countries and are not industrialized or have an industrial renaissance, and they are all located in a close geographical area except for Argentina. Therefore, integration between these countries is already present and not as it was different in India, China, South Africa, Brazil and Russia. It seems that this alliance will be based on oil and logistics, not industrial development and a trained workforce, as we see in the G7.

If Indonesia joins with one of the countries in North America or Europe, then it will diversify and create a broader market.

[naira]

Let's discuss the results of this expansion on the global economy and the possible position of the G-7 countries. And do you think that this is the beginning of the formation of a new world order, especially since in the speech of Russian President Vladimir Putin, he had stressed the need to deal with a common currency among the countries of the group in addition to local currencies ?

Actually the term new world order has existed and was formed a long time ago, the new world order is not marked by the formation of the BRICS. Because of their broad nature, systems of economic and political control have alternated. Now it is undeniable that the BRICS is trying to increase its level of dominance in the eyes of the world, showing its fangs of power openly before the US. After this expansion, we can see how much the US has lost, which has not put up a fight because the US itself is preoccupied with its own dollar issues. Or you could say the US is too comfortable with the dollar system as if other countries don't dare to carry out a coup. I prefer to say it was a coup carried out by the initial actors after many US policies harmed the world, moreover the citizens themselves had to struggle to survive amidst the onslaught of inflation.

Russia is just making routes for any country that wants to fight back and improve its dilapidated economic system. Because the decision was returned to the country's leaders, which in my opinion, Russia was considered to have opened the path that they had hoped for, but did not dare to make it public. You know that the risks of developing countries that are still dependent on and indebted to the dollar will be easily suppressed. Therefore, Russia, which has strength not only in terms of economy, military, and natural resources, provides security guarantees for any countries that join. Moreover, with the additional guarantees from China, India, and Middle Eastern countries, everyone already believes in what kind of guarantee they will get later.

[uneng]

It's all about Russia and China trying to increase their influence in the world through the arrangement of third world nations against first world countries which are lead by USA. I don't know how strong this economical alliance can be, but I fear we get more distant from US and their allies to give preference to russians and chineses. Living in Brazil, personally, I prefer to stay with the occident, because it's still where freedom and individual rights are more respected than in the rest of the world. And if BRICS get stronger, I believe there is a real threat tyranical practices from the east may be applied to us too, even living in an western country.

[coupable]

The BRICS countries were not able to declare a direct confrontation against America by officially accepting Iran's accession, and the cooperation remained formal. Today, the BRICS group feels stronger and that the announcement of Iran's inclusion in it will not meet any objection.

This is also another indication of the weakening United States. It is not just the POTUS who is a senile old man, he is the literal manifestation of a regime that used to be a superpower.

After updating membership in the BRICS group, including updating the terms of application for accession, it is clear that the courage that some countries have become to bypass the United States (as a strategic ally) and to prefer the eastern option. China and Russia are in direct war against the United States, whether in the military or economic field, but other countries have always been committed to the rules of the game set by the United States, such as Saudi Arabia (a major export of oil to America and a loyal customer for the acquisition of American weapons) and Egypt, which depends on Its economy is largely dependent on US aid. Ethiopia and Argentina are not the most fortunate, and I would not have imagined that they would have this opportunity.

[ndutndut]

The speed of the BRICS currency is increasing day by day and it is believed that BRICS will soon become self-sufficient. It is clear that six more countries are included in this year's BRICS 15th conference. If BRICS is perfected in the world market, the pressure on the dollar will decrease a lot and the dollar will gradually disappear from the world market. As a result, the American economy will collapse a lot

I support the BRICS and hope they will become bigger and more influential in the world. But I don't believe they can make the dollar disappear from the world market nor the US economy will collapse. Even finding a way to reduce their dependence on the USD is not a small challenge for them, and there is no guarantee that the BRICS will succeed. So don't expect that the US economy will collapse or the dollar will disappear completely, that's not possible, they will only weaken and we should hope that happens.

The world urgently needs a multilateral, mutually inclusive and respectful economic development organization like the BRICS for all people in every country to improve their quality of life which is a true human right.

Because actually having a counterpoint against the western market in this case is the dollar seems like a good idea. If this was an economic alliance led by a sane, stable and generally calm country like India then that would be a great thing. If this is done not only for the purpose of 'fighting the west' but also 'taking over all costs currently being borne by the west for the countries of this region so that the west can be relieved of taking care of them' it sounds fair (you get the benefits but you are willing bear the costs of those benefits).

The BRICS is led by Russia and China, I understand why some of these countries like the 'idea', in fact many countries want to join. it's a nice 'idea', but even the best cars are only as good as their drivers. And hopefully these drivers don't go crazy and drive their cars over a cliff. Hopefully this will be a positive thing in the world economy.

[WatChe]

I think Iran is already a member of the BRICS before now and things is going to get rough for the American dollars making there economy less stronger than what it is now. It is very certain that many countries in Africa will have no option than to Join and accept the BRICS membership has time goes on because many of the African countries is already passing through a rough  time since the time of colonial era. The movement of the BRICS currency is going to go far than what we are seeing now.

Not only Iran but KSA and UAE have also joined BRICS. It will be interesting to see how BRICS will move on in coming days. China one founding member of BRICS has around 3 trillion USD of reserves and India has over 500 Billion USD of reserves. Its not in interest of India and China to see a weak USD, since that will have an impact on there economy too. The last common currency was EURO and after that there is no such development. BRICS has big powers like Russia and China, so defiantly it will have an impact.

[Mame89]

Not only Iran but KSA and UAE have also joined BRICS. It will be interesting to see how BRICS will move on in coming days. China one founding member of BRICS has around 3 trillion USD of reserves and India has over 500 Billion USD of reserves. Its not in interest of India and China to see a weak USD, since that will have an impact on there economy too. The last common currency was EURO and after that there is no such development. BRICS has big powers like Russia and China, so defiantly it will have an impact.

I really hope that with the addition of these new members, especially when later with further expansion to include Malaysia, Indonesia and Turkey, at the 2024 summit, the BRICS will surpass the G7 in all respects. The BRICS can reshape global dynamics. This certainly has the potential to be done. My only worry is that Western countries led by the United States will do everything they can to sabotage this. It's obvious they have the resources and the ability to do just that.

The BRICS concept is “Economic Democratization”. So it's going to be a great thing for the countries that are already on board. But After the BRICS currency was formed, I think it might take 5 to 10 years, then this game really exists.

[WillyAp]

Can you point out who is expecting the United States to fail?

Most leftist leaning people I know hate the US, and drive american made cars.
Of course also a few others from the EU, Northern Africa and such. Hate blinds as much as love.