BRICS Expansion: A Global Shift Threatening Western Economic Dominance
PatriotR Daily News 01/10/25
Amanda Williams January 10, 2025
WORLD INSIGHTS
BRICS Expansion: A Global Shift Threatening Western Economic Dominance
BRICS, the Global South-led economic forum, has expanded to include nine new partner countries—Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Thailand, Uganda, and Uzbekistan—bringing its total reach to nearly half the world's population and 41% of global GDP (PPP). Initially founded by Brazil, Russia, India, and China, BRICS now includes key global producers of vital commodities such as oil, gas, grains, and minerals. With its economic power surpassing the G7 in purchasing power parity and dominating in strategic industries like renewable energy and agriculture, BRICS is reshaping the global economic landscape. This expansion highlights its goal to de-dollarize and transform the international financial system, solidifying its position as a major force for global economic change. Read more.
ECONOMIC INSIGHTS
Global Collapse Accelerates: Unfolding Faster Than They Claim
Taylor Kenney warns that the global economic collapse is accelerating, driven by three critical factors: soaring global debt exceeding $100 trillion, with interest payments rivaling the U.S. defense budget; extreme market fragility, as 10 companies dominate 40% of the S&P 500, surpassing the risks of the dot-com bubble; and de-dollarization efforts by BRICS nations, posing a significant threat to the dollar's dominance and global financial stability. Read more.
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