11 more countries just joined BRICS this week

[pooya87]

The more the BRICS grows, the more the headaches of Americans are increasing. Because Americans are jealous of the success of BRICS, especially Donald Trump. As time goes by, the popularity of BRICS is increasing across the country, the success of BRICS is pushing the American financial market towards destruction.

The reason why the West is getting weaker every day (with US at the head) is not because others are growing. What would BRICS's growth even "destroy" the US economy? At most I'd say BRICS may be hastening that demise.

In fact, I believe that the reason why the West is falling apart is because of their own corruption. Decades of corruption, stealing, pillaging, warmongering, slaughtering people in other countries, arming terrorist groups, and so on has had a heavy cost and they are now paying the price.

Look at France for example. They were strong because of their colonies and the more colonies they lost over the past couple of years, the weaker they got. Their government just fell apart and today there are massive protests across the country and life practically was halted in France as they "blocked everything"...

It's similar for the US. The only reason why US economy existed after WW2 was because they forced the rest of the world to buy into their Ponzi scheme. We all know Ponzi schemes don't last forever and they have to fall apart at some point. If not now, it will be tomorrow.
Nobody in the US should have expected to be able to print dollar indefinitely and have the rest of the world continue buying the debt they keep creating.
In that sense the US dollar and by extension the US economy is kinda like those shitcoins with unlimited supply that get super pumped for a while but eventually dump and die. But when they are dumping they keep complaining why their useless shitcoin with unlimited supply is dumping while for example bitcoin continues growing. Then they conclude that the reason is because "bitcoin was firstmover".

[Oluwa-btc]

In fact, I believe that the reason why the West is falling apart is because of their own corruption. Decades of corruption, stealing, pillaging, warmongering, slaughtering people in other countries, arming terrorist groups, and so on has had a heavy cost and they are now paying the price.

Look at France for example. They were strong because of their colonies and the more colonies they lost over the past couple of years, the weaker they got. Their government just fell apart and today there are massive protests across the country and life practically was halted in France as they "blocked everything"...

To add to the reason why the West is falling apart, they have stupid political representatives, never obsessed with the growth of their own countries but obsessed with funding wars, cooking up agenda and propaganda likewise planting puppets who have helped them achieve their wealths through theft. Their obsession for Russia also funny asf and I can't explain it. I'm forced to agree, they have good people but stupid political representatives.

Truthfully, I care less about France, more president and prime ministers who can put their people first and not colonial masters and Africa will be back progressing. It's also time they look inwards than outwards. Studying how the IMF harms us, how every foreign aid comes with a price and then we'll have our mindset reset totally.

[WillyAp]

The more the BRICS grows, the more the headaches of Americans are increasing. Because Americans are jealous of the success of BRICS, especially Donald Trump. As time goes by, the popularity of BRICS is increasing across the country, the success of BRICS is pushing the American financial market towards destruction.

I wouldn't say that.
Most politician and wealthy are drawn towards the US.
Under the current administration that might change although the 1 million entrance seems conveniently priced specially for wealthy people.
In reality the US is closing its doors to people the US (farmers among others) need most. Workers.
But left the door open for people with money. 

[pooya87]

But left the door open for people with money. 

In other words the US regime is getting more desperate for money every day, now they are selling the illusion for pennies.

It's gonna get worse too with Trump policies of isolating US and his tariff war and currency wars. Specially with the rate cuts in the future, the world will dump the dollar and the US bonds more which would make the regime even more desperate for money. They can't raise taxes any more than this while people are already outraged for a lot of reasons and are calling Trump "Hitler of our time" so they have to come up with other ways to get some money from somewhere...

And there is the internal conflict and heavy polarization that got so sever that shut down the government last night...

[Fiatless]

I wouldn't say that.
Most politician and wealthy are drawn towards the US.
Under the current administration that might change although the 1 million entrance seems conveniently priced specially for wealthy people.
In reality the US is closing its doors to people the US (farmers among others) need most. Workers.
But left the door open for people with money. 

Many politicians in my country will be willing to pay for Trump Gold Card. I am scared that this scheme will impoverish my country. These corrupt politicians will increase the rate of stealing to enable them to buy US residency for themselves, friends and family. Has the US gone so broke that they are now selling residency to finance key projects?   

[Youngrebel]

Snip

Many politicians in my country will be willing to pay for Trump Gold Card. I am scared that this scheme will impoverish my country. These corrupt politicians will increase the rate of stealing to enable them to buy US residency for themselves, friends and family. Has the US gone so broke that they are now selling residency to finance key projects?    

You are making a very important point because this so called Gold Card by the trump administration is structured in a way that will encourage only the rich to have access to the United States of America.  And this is were the problem lies many corrupt politicians especially from Africa which see travelling abroad as a lifestyle will do anything just to get this so called card.this whole card issue is a prove that the American economy is struggling very bad and that they need cash injection into the American economy that is why trump ever since resuming office has taken it as a duty to only promote policies that will lead to generating money for America.

[aoluain]

Just found an interesting snippet on facebook with Richard D Wolff. He argues
that the rise of BRICS and the fall of the G7, he focusses on America and China.

He states that the G7 GDP is 28% of world output while BRICS is 35%.

On a different snippet of the same interview he states that the US and China
are on two different trajectories, The US is on the downward and China is on
the upward trajectories, they both are the key compenent countries in both G7 and BRICS.

With that in mind it makes sense that countries which were outside the global
elite in trade should join BRICS in a way of benefitting their economies.

https://www.facebook.com/reel/1468689237469674/?referral_source=external_deeplink

[WillyAp]

He states that the G7 GDP is 28% of world output while BRICS is 35%.

On a different snippet of the same interview he states that the US and China
are on two different trajectories, The US is on the downward and China is on
the upward trajectories, they both are the key compenent countries in both G7 and BRICS.

I think Richard D Wolff should not believe everything he sees on social networks.
The US also produces a lot of data, China doesn't and that means that the people's hope: China saves the world,  is high.
Do you remember that Rebeliones are built on hope? 

[andywolfer]

That’s a big move. With Indonesia and all those new partner countries, BRICS is definitely becoming a stronger global bloc. Representing half the world’s population and GDP is no small thing — it’ll be interesting to see how this shifts economic power in the coming years.

[Hispo]

There are way too many people who over-estimate the actual power of BRICS and the impact it could have in the global economy, in my opinion... Last year there were a bunch of people claiming the dominance of the United States dollar was coming to an end, because BRICs was about to issue their own currency to face the USA. That never happened.
There were some people claiming BRICs were going to bring back the gold standard and hurt USA irreversibly. It did not happened.

At this point, I believe BRICS is mostly hot air and not much more. Not even India and China get long so well as they want the world to think.