BRICS stands for Brazil, Russia, India, China and South Africa. These countries have come together as an alliance of nations, starting in 2006 as BRIC, but then bringing South Africa onboard in 2010 and becoming BRICS. Together they have created a BRICS Development Bank:
is a multilateral development bank operated by the BRICS states (Brazil, Russia, India, China and South Africa) as an alternative to the existing World Bank and International Monetary Fund. The Bank is setup to foster greater financial and development cooperation among the five emerging markets. It would be headquartered in Shanghai, China and the first chief executive will come from India. – Wikipedia
Now, you’re probably wondering why you should care about this, right?
Understand this – the US controls the World Bank and the IMF, and they oversee the US Dollar as the means of trade around the world.
How do you think the US would feel with this new bank taking away their global dominance?
When you consider that Brazil, Russia, India, China and South Africa comprise about 90% of the world’s population, this has the potential of taking away 90% of the market currently being enjoyed by the US Dollar.
What do you think would happen if the US loses 90% of their global business, and their control?
Do you think the US can afford to allow this?
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