The Bricks Summit PT 3
How is the Collective West reacting to the rise of a new global majority that aligns with the approaches and ideas proposed by leaders from Russia, India, and China? What elements have led to the significant surge in the popularity of BRICS? Furthermore, to what extent is the media's coverage of events related to BRICS? What implications arise from the nations that have been added as partners?
The BRICS Summit conveyed a narrative that counters the Western view of Vladimir Putin’s supposed isolation. For the first time in many years, numerous Western media outlets recognized this constructively, suggesting that Putin is, in fact, not isolated. Media organizations such as CNN, France24, BBC, Politico, Reuters, The Guardian, Bloomberg, Foreign Affairs, and Zeit Online shared this viewpoint. In contrast, Western governments chose to remain notably silent, with some sceptics noticing that following the Summit's conclusion, Israel's attack on Iran was timed to redirect attention from the event's considerable success. The unity was stunning to watch. That nations can get on well together.
There are now 13 new countries being added to the collective.
New Countries
Population. GDP (ppp)
Indonesia 282mil 4.7tril
Malaysia 35 1.3
Thailand 65 1.6
Vietnam 100 1.6
Kazakhstan 20 .7
Uzbekistan 38 .5
Turkey 88 3.5
Belarus 10 .3
Algeria 47 .8
Uganda 51 .2
Nigeria 235 1.5
Cuba 13 .2
Bolivia 10 .2
Total 994mil 17.1tril
Existing Countries
China 1400 35tril
India 1400 15
Russia 160 8.2
Brazil 234 4.7
South Africa 64 1.1
Egypt 116 1.9
Ethiopia 132 .5
Iran 91 1.9
UAE 11 .8
Saudi Arabia 34 2.4
Total 3642 71.5
Gross total 4636 88.6
This compared to the G7 plus Australia plus some extras.
USA 334 25(15)
Japan 124 6.7
Germany 84 5.7
France 67 4
UK 69 4
Italy 59 3.4
South Korea 52 3
Canada 40 2.5
Australia 26 1.8
Spain 48 2.5
Poland 38 1.8
Taiwan 23 1.8
Netherlands 18 1.3
Belgium 12 .8
Total 994 60(50)
Examining the data from the United States might cause you to question its reliability. In the last ten years, the American economy has undergone a notable decline, aligning its performance with that of India. A more accurate representation of the GDP could be around 15 trillion, indicating that the economic scale of the USA closely resembles that of India, which boasts one of the fastest-growing economies in the world. Each year, by printing money, the USA injects four trillion dollars into its economy, strategically managing the funds to present an inflated numerical strength that fosters confidence in the dollar. This economic downturn is not solely an American issue; countries like Japan, the UK, France, and Germany are also experiencing significant declines, all facing financial crisis. These nations have resorted to financialising their economies, leading to inflated economic indicators.
The combined population of BRICS countries is 4.5 times greater than that of Western nations. Their economies are advancing, with real GDP measures being almost double those of the West. Together, they account for three out of the four largest economies and five of the eight biggest by population. Moreover, they represent over half of the global population, with several countries eager to join. Currently, there are seven nations that have populations exceeding 200 million, with five of them included in BRICS, and Pakistan is expected to join next year.
The viability of the Western banking system hinges on the unwillingness of Western countries to dismantle it. BRICS nations understand that a collapse would negatively affect all parties involved and therefore prefer to maintain the system until it can no longer be salvaged. It is paradoxical that, while the USA and the EU actively oppose Russia, China, and India, these very nations are the ones keeping the current system afloat.
Individuals are retaining US dollars as part of their assets. However, these people are astute and will be vigilant regarding any changes in the landscape. Even a minor incident could trigger a widespread shift away from the dollar, resulting in a swift departure.
Where does the world proceed from here? The only factor preventing the total defeat of the West is the financial system. Global banks are compelled to operate within this system, and as a result, countries feel ensnared. This notion is misguided, as illustrated by Iran's experience when the USA attempted to isolate it with numerous sanctions. Upon the West's return, they discovered that life had continued; Iran had managed to grow and expand regardless.
The prophecies were right about the 24 of October. On that day, the world as we know it changed.