BRICS’ $100 Billion Mega Plan Is About To Break All Records With This- And It’s Changing Everything
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BRICS’ $100 Billion Mega Plan Is About To Break All Records With This- And It’s Changing Everything
Is the world ready for BRICS’ $100 billion mega plan to shake up the global economy? Today, we’ll look at how BRICS is not just increasing trade but also changing how countries work together economically. Could this mark the start of a new way of doing international business?
BRICS is really shaking things up around the world! Recently, these countries have been tightening their economic and trade ties, and guess who’s leading the way? That’s right—China! Their trade volume has shot up to an impressive 4.62 trillion yuan (about 648 billion USD) in just the first nine months of 2024, so you know something big is happening. And there’s more! This trade isn’t just about big numbers; it shows real growth in specific areas. For example, China’s exports of steel have increased by 8.6%, and textile raw materials are up by 13.4%. Those are some pretty impressive stats!
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Imagine a world where over $70 billion in trade is settled in local currencies instead of the greenback. Kazakhstan is already on board, planning to shift its trade with BRICS away from the dollar. This could be a game-changer! What’s even more exciting is that BRICS is expanding its membership to include countries like Iran, the UAE, and Egypt. This means they’re increasing their collective economic influence, which could seriously challenge the dominance of the dollar. More than 30 countries have expressed interest in joining BRICS, with several invitations expected to be granted this year. But here’s where it gets really interesting: trade between BRICS countries is growing faster than trade with G7 nations. That’s right! BRICS countries are trading with each other way more than with the G7, showing a big shift in where the action is.
This shift means BRICS is becoming a more important player on the global stage, and they’re not holding back. They’re making agreements to use local currencies more in trade and financial transactions, which could change the way we think about global commerce.
This move towards local currencies isn’t just for convenience; it’s also a smart strategy to protect their economies from outside shocks, especially those caused by U.S. sanctions and geopolitical tensions. By trading in their own currencies, BRICS countries want to create a more stable economic environment that’s less affected by ups and downs in the global market. This is a bold approach that could change how countries do international trade.
Speaking of expansion, let’s talk about the recent changes in BRICS membership. With new members like Iran, UAE, Ethiopia, and Egypt joining the fold, BRICS now represents a staggering 45% of the world’s population and 28% of global GDP. That’s a big jump in representation! And it doesn’t stop there—over 30 countries are showing interest in joining BRICS, which could make their collective power even stronger. But why does this matter? It’s all about creating a balance against Western-led global institutions like the IMF and the World Bank. Many countries in the Global South are feeling frustrated with the current global economic system, which they think favors Western interests. BRICS is stepping up as an alternative, providing a space for emerging markets and developing countries to work together and support each other.
This shift in power dynamics could lead to a fairer international order. As BRICS grows, it’s not just about the numbers; it’s about influence. The united voice of these countries could challenge traditional powers and push for changes that better reflect the needs of the Global South. For instance, BRICS countries have been outspoken about the need for reforms in the United Nations Security Council, calling for more representation for developing nations. This is a significant step that shows their desire for a more balanced global governance structure. So, get ready! We’re seeing a major change in global economics, and it’s just the beginning.
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God will have the last say so it will crash and he will give to his own. The evil had enough
Happy Rising
BRICS+
Politicians talking about money and profits instead of human values
As an AFRICAN all I can say is the times of poverty and suffering by being black in this world those times are coming to an and our MOTHER CONTINENT will be recognized as place of peace and harmony thanks to these NEW WORLD LEADERS who are TRUE to their course of making the WORLD GREAT AND THAT DAY WOULD BE (A DAWN OF A NEW ERA) HALA BRICS HALA
For tomorrow, it has to be BRICS. China wants to make friends and do business. No more US or the West nor the US dollar can sustain its global dominace. Their days are numbered.
go brics change the world order
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $2m+ before retirement.
BRICS brings mutual development and progress to member countries on equal terms. It will free these countries from the clutches of the US and the West control of their economies.
Interesting to see the countries that have joined BRICS+ as partner states as of 24 October: Turkey, Indonesia, Algeria, Belarus, Cuba, Bolivia, Malaysia, Uzbekistan, Kazakhstan, Thailand, Vietnam, Nigeria, and Uganda. Not yet progressing to full membership, but on the way to doing so.
I would post a comment,but UTube keeps deleting my posts.
the world is need to be Change some how since after world war 2 there are too many dirty politic use to start war so many million human been get kill by dirty politic and many war is still on today by dirty politic, use one country go against another and stand back and watch act like nothing happen , is so dirty minded, war thread on other if other don't what their want. todat the world have seen it all.
I don’t think anyone in the world can say they are against improvement of the lot of Africa or anywhere. But if development of any area is directed at hurting others we can expect problems to result. I don’t know why dominance becomes the topic…. Dominance implies someone becomes the dominated, and I don’t think that should be part of any plans. Lifting up any people should raise things for everyone.
Its about time!
Trump will try to destroy BRICS, perhaps by way of Endia!
Lets go brisc Montenegro next plzzzzz
No sweat china easily can loan 500 billion
Africa will benefit alot.central america ,asean ,islanders European will benefit
VICTORY TO BRICS, VICTORY TO BRICS, VICTORY TO BRICS.
Wow
The Brics have come as a savior to the World and to Humanity
Vladimir My Vladimir You Are A Genius
Once bitten, twice shy. Experience is the best teacher.
Long-lived BRICS
♥️
Historically, the world has steadily grown together. It is a cumbersome and sometimes painful process, however. Hence, some day in the far far future, we all might be economically and socially united. I wonder if this process could be short cut if the G7 (or the northern hemisphere) joined in at BRICS? The major obstacle in my view is that the north has something to loose, whereas the south has a lot to win. The consequential tensions and northern resistance pose a huge hurdle – in the end, however, it might be best for all countries. (And I am sure I will not live to see it happen, but it's a soothing thought that our descendants might benefit)