What Is BRICS And Why Is It So Important To The U.S.?: China Expert Breaks It All Down

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Forbes Breaking News

11 ай бұрын

Zongyuan Zoe Lui, the Maurice R. Greenberg Fellow for China Studies, joins "Forbes Newsroom" to discuss the BRICS Summit and coalition, the alliance between China and Russia, how this affects the U.S., and more.
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Пікірлер: 334
@bryanbambao
@bryanbambao 11 ай бұрын
BRICS: Lets Talk About Business Expansion EU, NATO, G7: Lets Talk, How to BULLY?
@priceisright1580
@priceisright1580 11 ай бұрын
It's a singular total power controlling governance not a global team effort ..
@priceisright1580
@priceisright1580 11 ай бұрын
Economic control ..
@uromvictor
@uromvictor 11 ай бұрын
So true
@Philosjutsu
@Philosjutsu 11 ай бұрын
BRICS: Let's try to bully other nations by lowering the effects of sanctions on countries with imperial goals. NATO: don't attack us and we won't attack you.
@user-gd6lq6yq7q
@user-gd6lq6yq7q 11 ай бұрын
also lets find a way to start another war with china, so we can sell more weapons to make money
@zdravkojasovic9397
@zdravkojasovic9397 2 ай бұрын
Support BRICS, Go BRICS, Go new members, Go new 🌎
@jaybong6008
@jaybong6008 11 ай бұрын
The US Dollar should have never been taken off the Gold Standard.
@rayturp6742
@rayturp6742 11 ай бұрын
It's unconstitutional that it has been. They never passed the change through the states as they should have.
@damianlibby522
@damianlibby522 11 ай бұрын
Yup, Nixon violated the Constitution of our currency and no Americans said anything.
@wilfdarr
@wilfdarr 11 ай бұрын
It had to be: the gold standard was being used to manipulate American currency. As long as its managed responsibly, fiat is the way to go to avoid that.
@MrAmhara
@MrAmhara 11 ай бұрын
There is enough gold. Human population growth, increasing production ect.
@HTHAMMACK1
@HTHAMMACK1 11 ай бұрын
Yeah, you mean the highly volatile gold? There's a reason it was taken off the gold standard.
@tomzamp8547
@tomzamp8547 11 ай бұрын
Would like to thank Biden and Zelensky for making BRICS stronger and with new members plus another 30 waiting to join
@aboucard93
@aboucard93 11 ай бұрын
You're right
@cwaddle
@cwaddle 11 ай бұрын
Zelensky is a puppet, he didnt do anything
@IA100KPDT
@IA100KPDT 11 ай бұрын
Even without Biden and Zelensky, people are tired of western bullies led by USA.
@jazzip
@jazzip 10 ай бұрын
And why shouldn’t it be stronger?
@dh5380
@dh5380 10 ай бұрын
Petrol Dollar!
@RenzoDalom
@RenzoDalom 11 ай бұрын
Wow, I didn't know that I can get some real news from Forbes! Great!!!
@GraniteInTheFace
@GraniteInTheFace 11 ай бұрын
This is not news. This is an opinion piece in the form of a video lol
@MrAmhara
@MrAmhara 11 ай бұрын
Argentina’s inclusion going forward is more significant than Saudi Arabia. Argentina is a top producer of lithium a metal used in batteries for electric vehicles. Oil and therefore oil money is fast becoming irrelevant. By 2030 65% of cars sold will be electric and by 2035 85% of cars sold will be electric. This is the reason the oil countries are desperate for a way out of a dead end.
@marnime
@marnime 11 ай бұрын
That's what they said yes. They've made their money with oil and are ready to invest now. 👍
@marioconsiglieri
@marioconsiglieri 11 ай бұрын
You haven’t listened to the economists saying this is not only fiscally impossible but fiscally irresponsible and dangerous in terms of carbon output increase. Hydrogen will be the future of majority of transportation concerns, hybrid hydrogen electric vehicles may reach 65% market saturation by 2053… but definitely not by 2030.
@Chuck68ify
@Chuck68ify 11 ай бұрын
Well, they're not selling very well right now. Hybrids seem a better way to go.
@comeforaride
@comeforaride 11 ай бұрын
Electric vehicles are not going to work. Wishful thinking that is impractical. You can't dry electric cars in cold areas and the grid infrastructure is going to be unrealistic for the world. For example: anyone living in rural areas or areas that are not tied into the grid or are for from high voltage lines will not have the capability to charge vehicles because: physics. When I go offroading, there is no way to get the torque and have enough energy to drive out to a charge station. And people in urban areas often lack charging stations or ability to charge their cars due to them not always having a parking space in front of their house. It's not practical. Not going to be adopted.
@ramonwu4694
@ramonwu4694 11 ай бұрын
If you really believe that in seven years years 65% of cars sold will be EVs, I have great real estate in Saudi Arabia to sell to you!
@realtalknikkie
@realtalknikkie 11 ай бұрын
Gold for the win 🏆
@kenneth.topp.
@kenneth.topp. 11 ай бұрын
Bricks is so important were at war with R, and talking about war with C, and yelling at I and B, and ignoreing the issues with S
@redacted2275
@redacted2275 11 ай бұрын
Most of the countries on Brics have socialist inclinations and very authoritarian leaders. Americans should think twice if they want another USSR in the future... *you can see comment bots in videos about the topic already.* Think wisely...
@amandareed5307
@amandareed5307 11 ай бұрын
​@@redacted2275you look like the comment bot by posting the exact same comment twice!!
@JoseReyes-wo2lm
@JoseReyes-wo2lm 11 ай бұрын
( But you forgot, Z !)
@MrAmhara
@MrAmhara 11 ай бұрын
The “high growth” rationale for BRIC was more of the Goldman Sachs definition of BRICS. The BRIC added South Africa at the request of China. The day South Joined was the beginning of BRICS as a geo strategic partnership and alliance.
@donsimon34
@donsimon34 11 ай бұрын
Now with the addition of six more countries to the BRICS block is.going to seriously challenge the waning American hegemony. The writing is on the wall, or America adjusts, or there will be bitter pills.for our country to swallow.
@marshathomas6422
@marshathomas6422 11 ай бұрын
Russia not china, Putin was a very close friend of then South African president Zuma
@indiasuperclean6969
@indiasuperclean6969 10 ай бұрын
BUT SIR MY INDIA IS THE REAL SUPERPOWER 🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
@elladowling2005
@elladowling2005 11 ай бұрын
Well done BRICS ❤️
@Madame702
@Madame702 11 ай бұрын
Yes, a one world government Utopia will be our one day, and BRICS will bring it.
@dh5380
@dh5380 10 ай бұрын
Petro dollar yet prevails
@Madame702
@Madame702 10 ай бұрын
@@dh5380 No, have you seen the economy of Russia and China. Wow, it bad.
@elladowling2005
@elladowling2005 10 ай бұрын
@@Madame702 it is better than the US
@Madame702
@Madame702 10 ай бұрын
@@elladowling2005 Is it, if your a Russia, one Russian ruble is worth less then a American penny. Russia are now putting all their money in US dollars.
@tigera6681
@tigera6681 11 ай бұрын
insightful information from Zongyuan Zoe Lui
@user-pt8dl1yu4n
@user-pt8dl1yu4n 11 ай бұрын
BRICS brings economic freedom to third world countries, thanks a lot to brics countries good idea.
@brockthroton3535
@brockthroton3535 11 ай бұрын
You really think CN, SA and RU are going to help 3rd world countries? Really that’s what you believe…
@WebStixx0000
@WebStixx0000 11 ай бұрын
Keep telling yourself that homie
@comeforaride
@comeforaride 11 ай бұрын
@@brockthroton3535 they will certainly not be France. Also, Russia is building a massive training complex for African and Latin American students to teach them rebotics, programming, and nuclear energy. 30,000 a year is a good dent.
@brockthroton3535
@brockthroton3535 11 ай бұрын
@@comeforaride teach them or use them? After all the robots are nukes are completed/programmed is the RU suddenly 1)going to gift then all to Africa/LA no strings attached 2)or take them(land/resources) to control for them selves ?? Choose an option
@Madame702
@Madame702 11 ай бұрын
Yes, we all want "One World Government". BRICS will bring a one world government Utopia. Yes, yes!!!!!
@AbiManyu-mv3ly
@AbiManyu-mv3ly 11 ай бұрын
BRICS all of its founding members are active members of the G20. In the G20 the economic conditions of its member countries are almost equivalent and there is not a big gap between one another. The difference with the BRICS is that there are no clear criteria for new members where there are countries that are developed and there are countries that are still lagging behind economically. It is possible that in the future weak countries will only become market targets for products from more developed countries
@mandarinandthetenrings2201
@mandarinandthetenrings2201 11 ай бұрын
You must understand BRICS was not design to be the Anti-American or Anti-NATO league. It was simply a grouping of countries that main traded with China that's it.
@مقارناتالجيوش
@مقارناتالجيوش 11 ай бұрын
good job egypt and brics
@alphabetsoup488
@alphabetsoup488 11 ай бұрын
But then again, they're not financing the Ukraine
@MrSoulDevourer
@MrSoulDevourer 11 ай бұрын
So what?
@Shockwave-KG
@Shockwave-KG 11 ай бұрын
Why should they?, they got US giving them billions of dollars they’re good.
@terrym5786
@terrym5786 11 ай бұрын
If certain purchases are not done in dollars, the illegal arms trade can flourish, even more than it does now. With dollar denominated trades that clear through US banks, the US government can stop certain transactions.
@havenschrodinger6161
@havenschrodinger6161 11 ай бұрын
US govt already is using sanctions against any country that doesn't dance to its tunes. That's exactly why many countries are preferring BRICS. US can stop certain transactions and that's exactly why alternatives are being explored.
@WarleyXD9
@WarleyXD9 10 ай бұрын
YESSS GO BRICS DEFEAT USAAA
@jazzip
@jazzip 10 ай бұрын
It’s none of your business what they purchase.
@dh5380
@dh5380 10 ай бұрын
@@jazzipbot
@terrym5786
@terrym5786 10 ай бұрын
@@jazzip The world leadership feels differently about that. Nuclear detonator sold to rogue actors affect all of us.
@Adrian-vf6kh
@Adrian-vf6kh 11 ай бұрын
Brics really missed a trick. If they'd called themselves Cribs, they could have had a show on MTV.
@uromvictor
@uromvictor 11 ай бұрын
They can still have a show
@ArletteMaotieBomahou
@ArletteMaotieBomahou 11 ай бұрын
🤣🤣🤣 very funny!
@sanjogh777
@sanjogh777 10 ай бұрын
Let me do you one better. They shouldn't have added South Africa. Now they can't use the phrase, "We're all BRICked up!"
@davidcowan4705
@davidcowan4705 10 ай бұрын
She mentions how they admitted many of the oil/natural gas providers in order to ensure its goals. If so, then why are countries pushing for non hydrocarbon fuel options? This shoots the electric vehicle campaign in the foot.
@eternalwarrior5318
@eternalwarrior5318 11 ай бұрын
Death to the Dollar!
@XYZ-bi9eb
@XYZ-bi9eb 10 ай бұрын
yeah, OK. 🤣🤣🤣🤣🤣🤣🤣🤣
@chriswong9158
@chriswong9158 11 ай бұрын
11:50 How did you not mention "mBridge" within BIS (Bank for International Settlements). Another option to SWIFT.
@alphabetsoup488
@alphabetsoup488 11 ай бұрын
China lowered its interest rate to 3.5%
@MrSoulDevourer
@MrSoulDevourer 11 ай бұрын
So what?
@RedCandelaria
@RedCandelaria 11 ай бұрын
Thank you ❤
@BateserJoanne
@BateserJoanne 7 ай бұрын
It's time for the BRICS - New World Order to establish a default reserve currency or consider returning to the gold standard. Dealing with daily fluctuations in exchange rates for each country's currency would lead to excessive chaos.
@Rodxmirixm
@Rodxmirixm 7 ай бұрын
Investors should be cautious with their investments, especially in times of inflation. Achieving substantial returns during economic challenges often requires the guidance of a professional or a trusted advisor.
@kokotheclown2588
@kokotheclown2588 10 ай бұрын
We can add all of South America in the mix since Venezuela it’s gonna be part of it soon and probably Salvador and Nicaragua and Guatemala would join since they are planning to unite once again as a single country Argentina,Brazil,Colombia are part of it sooner rather than later Chile and Cuba would probably join too idk if Mexico would Join but I doubt it
@MG-gb9it
@MG-gb9it 11 ай бұрын
What is the statement in the frame behind the speaker?
@indiasuperclean6969
@indiasuperclean6969 10 ай бұрын
BUT SIR MY INDIA IS THE REAL SUPERPOWER 🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
@vanceofthetube
@vanceofthetube 2 ай бұрын
Rent free😂
@ezekielpruz1324
@ezekielpruz1324 11 ай бұрын
Which country will brics currencies be used?
@protasiocanalita6436
@protasiocanalita6436 11 ай бұрын
Miss I thank you for your time, I just want to address one question; if people buy one BRICS paper cash with the exchange rate of 26(?) Gold coins, 2hst is exchange rates of the CBDC currency? Of course you all know retired people don't carry that kind of gold coins? This is more than gouging miss. I guess since we are useless people we can expect to be 86 faster than lightning right? It looks like we will see our creator our Lord Jesus Christ soon!!!
@AlexSouza-fh6vu
@AlexSouza-fh6vu 6 ай бұрын
👏👏👏👏
@mathiarasu1970
@mathiarasu1970 11 ай бұрын
Very good explanation and pronunciation
@Chuck68ify
@Chuck68ify 11 ай бұрын
I don't understand how the BRICS can have a meeting and discuss the Climate Hustle, aren't they afraid of the weather?
@joewong438
@joewong438 11 ай бұрын
Every country is afraid of climate change except the US! Are you trying to insinuate the rest of World was asleep? US President withdrawn from the Kyoto and Paris accord. Oh how mighty we are, we can do anything we want! Can we?
@Gary_The_Man76
@Gary_The_Man76 10 ай бұрын
USA and Europe forests disagrees
@stefanstefanovich8360
@stefanstefanovich8360 11 ай бұрын
BRICS ❤
@syedmaricar9946
@syedmaricar9946 9 ай бұрын
The bricks expansion will be good for the future.
@purewisdom9194
@purewisdom9194 11 ай бұрын
It's a lost case from the beginning. When there are two greatest nemesis in India and China. This two nations won't agree on any common term and not in the next foreseeable future. One thing is sure the two will be against each other not only in financial aspects but also in Military matters. A conflict between the two is almost inevitable. Thus, for me this group is never meant to succeed.
@aa-hb3tg
@aa-hb3tg 11 ай бұрын
Western wishful thinking But india and China are more matured and can see who benefits One thing for sure , western people will pay in blood for all crimes of their govts Be prepared
@adryellehastings4675
@adryellehastings4675 11 ай бұрын
Lol......
@didequen3339
@didequen3339 11 ай бұрын
Today china published its map claiming entire south china sea and India is angry about it. They can form a BRICS but it is not a brick at all: Indian officials reacted angrily to the map portraying an area along the border which it claims as Chinese. Subrahmanyam Jaishankar, India's foreign minister, told a TV audience on Tuesday night: "Just making absurd claims don't make other people's territory yours."
@Gary_The_Man76
@Gary_The_Man76 10 ай бұрын
This is the excuse everyone against BRICS makes, but their conflict is not as you say, stop trying to feel better about BRICS lol
@Gary_The_Man76
@Gary_The_Man76 10 ай бұрын
​@@didequen3339nothing different between USA and Europe lol
@yomamasohot6411
@yomamasohot6411 11 ай бұрын
I can't accept her as an expert if she thinks India will ever agree to Renmibi as an alternative.
@joekerr8037
@joekerr8037 6 ай бұрын
India will be kicked out of BRICS. It is a question of time. Never trust the snakes.
@jimmiller5455
@jimmiller5455 11 ай бұрын
Its fantastic to see a new and just multipolar world.
@jacobl5488
@jacobl5488 11 ай бұрын
yeah why should one country hold all the power
@priceisright1580
@priceisright1580 11 ай бұрын
They want singular control and have total power when we are told it's a team global effort NOT !!!!
@uromvictor
@uromvictor 11 ай бұрын
I love to see
@hannah1943
@hannah1943 11 ай бұрын
We tried to push the wrestling around one too many times the dollar is going to go down in value our living standards going to go down in value thank you President Biden
@sarfrazchaudhary4792
@sarfrazchaudhary4792 Ай бұрын
We stand for brics❤❤❤❤❤❤
@desmondho9567
@desmondho9567 5 ай бұрын
In the summer of 1998, as a financial earthquake devastated Asia's economy, the Hong Kong Special Administrative Region (HKSAR) government won a hard-fought battle to defend the Hong Kong dollar and Hang Seng Index (HSI) against speculative attacks led by American billionaire investor George Soros. George Soros walk away with massive losses. Backed by Beijing, the Hong Kong Monetary Authority (HKMA) made the controversial decision on August 14 to enter the market, buying up 118 billion HK dollars' (15 billion U.S. dollars) worth of stocks and futures in two breathtaking weeks of trading, and eventually driving out international speculators. China, have to defend and counter those elites like George Soros (finance speculators) and Rupert Murdoch (Mainstream media giant) these are evil people who are out to destroy peace, destabilize countries economy by using corporate control business and using false democracy narrative, like freedom of speech and human rights and to regime change. These people are the worse violators of all those atrocities of this century.
@0000sonic1
@0000sonic1 11 ай бұрын
Does this mean all the country in brics will use the same money in Their country ?
@mandarinandthetenrings2201
@mandarinandthetenrings2201 11 ай бұрын
No the poor BRICS country is hoping for free oil from Russia, and free money from China. Especially when major "Black Swan" events happen. Like major earth quake in Turkey, or the flooding like you see in China. A two hurricanes just hit America. Many poor BRICS nation cannot afford the recovery and it would need recovery help.
@mandarinandthetenrings2201
@mandarinandthetenrings2201 11 ай бұрын
No what the poorer BRICS want is the Russia, India, and China to merge their economies and create a super economy to challenge America. The get free oil from Russia, free food from India, and free money from China. That is the "Utopia" that they want, but realistically they that not going to happen.
@XYZ-bi9eb
@XYZ-bi9eb 10 ай бұрын
yeah, i think it will be the ccp chinese yuan. 🤣🤣🤣🤣🤣🤣🤣🤣🤣
@richjacobs9736
@richjacobs9736 11 ай бұрын
It should be called China gets even with the West cgeww
@527ctguy
@527ctguy 5 ай бұрын
Countries want to move away from the dollar but wealthy people still want the dollar for their wealth.
@richjacobs9736
@richjacobs9736 11 ай бұрын
What would be the currency of the brics??
@NotLikeUs17
@NotLikeUs17 11 ай бұрын
Gold
@wilfdarr
@wilfdarr 11 ай бұрын
We already have gold, so there's no need to use a currency controlled by Russia/ China. The reason that people use American currency is because up until now its been reliable. China and Russia are anything but! This is a protest, not a real economic movement.
@dmd2652
@dmd2652 11 ай бұрын
​@@NotLikeUs17 Lol Gold you do know who has the most Gold lol
@letilr589
@letilr589 11 ай бұрын
Is G7 probably
@XYZ-bi9eb
@XYZ-bi9eb 10 ай бұрын
the ccp chinese yuan, what else? 🤣🤣🤣🤣🤣🤣🤣🤣
@sarfrazchaudhary4792
@sarfrazchaudhary4792 Ай бұрын
We want brices❤❤❤❤❤❤
@buttercup3518
@buttercup3518 11 ай бұрын
You reap what you sow.
@richjacobs9736
@richjacobs9736 11 ай бұрын
Hummm
@shimagaijin1
@shimagaijin1 11 ай бұрын
The BRICS alliance is doomed due to insurmountable cultural and ideological disparities among member countries. Varying histories, governance models, and societal values, combined with conflicting economic systems and development levels, hinder unified stances on global issues. The absence of shared foundations prevents cohesive strategies, impeding cooperation. This renders the alliance unsustainable, as divergent pursuits clash irreparably, ensuring its inevitable failure. While diversity can indeed offer varied perspectives, these disparities can lead to prolonged negotiations and impede timely decision-making, hampering the alliance's effectiveness. The examples of limited consensus on global issues and inconsistent cooperation highlight the underlying tensions. Moreover, cultural divergence can give rise to miscommunication and mistrust, hindering productive collaboration. The notion that BRICS will thrive solely through harnessing diversity underestimates the complexities and historical animosities that can undermine cohesion. In reality, the alliance's potential for failure remains a realistic outcome due to the considerable obstacles presented by the cultural and ideological variations among its members.
@Stuff8080
@Stuff8080 11 ай бұрын
Hmmm...and under the US Dollar, all countries discarded their disparities because "diversity is their strength "?
@Shadowbanned4Lyfe
@Shadowbanned4Lyfe 11 ай бұрын
Everything you just said is irrelevant to economics. Biden weaponized the dollar against Russia and now every Country is looking at us like "uh...."
@zsarimaxim692
@zsarimaxim692 11 ай бұрын
Sure for those that’s fixated on ideology, whereas in the real world interests reign supreme.
@IamKingLwazi
@IamKingLwazi 11 ай бұрын
After reading that whole essay😊 the only thing I learnt is that Inside your head it's empty...
@AsianVideoGamer
@AsianVideoGamer 11 ай бұрын
Is Brazil a developed country tho??? How long till the others drop them and stop giving them benefits and then Brazil goes looking for NATO
@kathleenfrancis1872
@kathleenfrancis1872 11 ай бұрын
Isn't just Another Name for The WEF?.
@zhenwenlu2607
@zhenwenlu2607 11 ай бұрын
Why should it be either BRICS or the West should dominate? Both can prosper if willing to work together, mutually respecting each other uniqueness. Just don't try to convert others to your political philosophy as if it is morally superior.
@Flyinghigh888
@Flyinghigh888 11 ай бұрын
No way, man. This is politics, if you want to win, you must kill the others!
@the_marverak
@the_marverak 11 ай бұрын
I'd say it's simply because we live under a capitalist society. Offer and demand If BRICS actually becomes a financial superpower, the US dollars value will plumit and that will directly affect both the USs and the EUs way of life Things will be more expensive, that will make debt worse, ppl might lose jobs and that can go on and on. Power will shift and the money will follow That's capitalism
@aa-hb3tg
@aa-hb3tg 11 ай бұрын
That’s not how west thinks
@rochellofalla4946
@rochellofalla4946 11 ай бұрын
Will the USA gov't think what you are thinking. Naaah... USA will be jealous always.
@sloppyjoe5263
@sloppyjoe5263 7 ай бұрын
USA is like a selfish school kid, if it can't have hegemony anymore, noone can. That's how USA works, a total dictator of the world.
@sarfrazchaudhary4792
@sarfrazchaudhary4792 Ай бұрын
Brics❤❤❤❤❤❤❤❤❤❤❤
@WalkOverHotCoal
@WalkOverHotCoal 11 ай бұрын
This is a very informative video. Thank you. When I saw the title "...China expert...', Gordon Chang sprang to my mind. "Not him again !" I thought. The core issues of BRICS is already covered by Ms. Zongyuan Zoe Lui, so I might be racking over old coal. But I shall have a go anyway... The key importance of BRICS are... (1). It is NOT like the G7 which is driven and dictated by the US, (2). It is made up of countries that are less developed. (3). It is made up of countries with rather different political systems. (4). Countries are wanting to join the BRICS, and not like the G7/NATO when fear is being used to persuade others to join. (5). Despite the fact that China is the major player, it is not like the US which dominates the G7. (6). Oil. Yes, it does make it powerful when the Middle Eastern oil producers as well as some in Latin America, are within the group. (7). China's influence in terms of commerce would be strengthened. The BRI would get an extra boost. (8). To me, this is the MOST valuable one...peace in the Middle East. With Iran and Saudi Arabia now sitting at the same table discussing the best way to improve the living standards of people, as opposed to lopping missiles and bombs at each other, would be my top pick. (9). Because of point #8, it would have significant geopolitical influence. It would be a plus for the world because of peace, but a major negative for the US because not only it is not going to be able flog off weapons by using fears and distrust between Saudi Arabia and Iran, it loses its influence over them as well. This could mean the US no longer has a strangle hold over the Middle East.
@JoseReyes-wo2lm
@JoseReyes-wo2lm 11 ай бұрын
( I see no good! Bric s !)
@ingridapril5215
@ingridapril5215 11 ай бұрын
Pro West therefore
@EmmanuelMoela
@EmmanuelMoela 11 ай бұрын
Wait till OPEC make decisions in the interest of Brics
@kallachnadra
@kallachnadra Ай бұрын
Bricks as philosophy makes sense and gives freedom sense and freedom of choice. How it will function in practice , will be another issue. EURO is the same concept, but worked very well, since Europe is well cooperative , but not China. China will try to dominate. Russia will dominate too and the emerging India will follow too. How this will end up, is difficult at this point, but we all can see that many countries want to be its member. It is simply that many countries are sick and tired of west dominance.
@awjames1121
@awjames1121 6 ай бұрын
We suggest that usa must be brave enough dont be coward anymore??... dsre to bravely assure and guarantee its overprinted dollars trustworthy like we all can very easily exchange for 1ozs of pure solid gold for how much usa dollars??... If usa try to be silly smart?. And dont want to be responsible for usa own dollars debts??... then all nations will eventually start to ditch unguarantee usa overprinted dollars??... Who want to support the unguarantee dollars???...
@anabelyoung4304
@anabelyoung4304 3 күн бұрын
No to BRICS
@t0mq
@t0mq 11 ай бұрын
That would make world reserve currency a two-party system...?😊 isn't that the notion that cost Momar Kadafi his country's gold and his life? It is not the American Spirit to root for the underdog?
@bojack2011
@bojack2011 4 ай бұрын
So if they add more countries, does that mean the acronym changes?
@tommythuyen4063
@tommythuyen4063 11 ай бұрын
BRICS is the market where China export their high tech machines, electric vehicles, fuel vehicles, electronic devices and agri products ect...China will always dominate in exporting to member countries because they have a strong logistics system and with the ability to provide diversified goods and raw materials. Chinese people will also immigrate to these countries to create a wealthy and prosperous Chinese community in these countries like they are doing in Southeast Asian countries including Indonesia, Malaysia, Thailand , Cambodia and my country Vietnam ect.... Chinese political theory: "where there is a Chinese presence, that place is China's border." It will be difficult for those countries like Brazil or India to balance the "imports export index" when China always has too many products to export while the opposite side can only export low-value products or raw materials.
@mandarinandthetenrings2201
@mandarinandthetenrings2201 11 ай бұрын
Then BRICS will be a failure. Many countries want Russia, China, and India to unite and merge their economies to create an opposite pole. They want free oil from Russia, free food from India, and free money from China. To opposite the American lead order of world.
@XYZ-bi9eb
@XYZ-bi9eb 10 ай бұрын
yeah, BRICS might as well just have the ccp chinese yuan as its official currency. of course, the yuan does not trade freely on global currency markets, so we don't know its true value. also, BRICS is just a collection of dictatorships and shambolic economies, which should give investors a lot of confidence. oh, and don't forget that its two biggest members, ccp china and india, could go to war over their territorial disputes at anytime. that official 2023 ccp chinese territory map is certainly making a lot of people mad these days. 🤣🤣🤣🤣🤣🤣🤣🤣🤣
@theancientvoice9272
@theancientvoice9272 9 ай бұрын
Dear fellow of whateverberg madam, it's not Putin's war against Ukraine, it's Russian's state preventive operation in Ukraine. This game is over, you better catch up fast
@edrisemarisaturner3543
@edrisemarisaturner3543 8 ай бұрын
BRICS from FORBES breading news..............alternative market place......a profound POWER SHIFT.............
@isaacalarcon7562
@isaacalarcon7562 11 ай бұрын
6:40 she said Global order!! End times the Bible speaks of
@dancahill9585
@dancahill9585 11 ай бұрын
Anyone who wants a reality check on BRICS should look at the value of BRICS currencies back around 2000 when BRICS was invented and then look at those values now. Had you invested in a basket of BRICS back then, you'd have lost a ton of money. This is again more hype than reality.
@mobilemandy8495
@mobilemandy8495 11 ай бұрын
And now the new strain of covid right when school goes back in session
@africantraveller8303
@africantraveller8303 11 ай бұрын
what about their gdp?
@Madame702
@Madame702 11 ай бұрын
Yes, one currency, one world government. BRICS.
@dancahill9585
@dancahill9585 11 ай бұрын
@@Madame702 Lol, good luck with all that. It reminds me of when Khrushchev said "We will bury you". Of course the only thing that got buried was the USSR.
@Madame702
@Madame702 11 ай бұрын
@@dancahill9585 Let explain what the "Global South" wants. They want "Welfare". They want free oil from Russia, they want free food from India, and they want free money and Iphones from China to be on their side.
@squigglove
@squigglove 10 ай бұрын
Good. Does this mean they'll all be sending us back our American money?!
@XYZ-bi9eb
@XYZ-bi9eb 10 ай бұрын
yeah, for sure! the dictatorships and shambolic economies of the BRICS countries will be happy to get rid of all their imperialist american dollars! 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
@jetli740
@jetli740 10 ай бұрын
yes.
@Warner-uf3mf
@Warner-uf3mf 11 ай бұрын
💩🧱
@immanuel_shadowhammonds2813
@immanuel_shadowhammonds2813 10 ай бұрын
You know, instead of replacing the U.S. Dollar, why don’t China create a new currency that competes with the U.S. Dollar that is equal to or worth more than the Dollar like the Euro? Just a thought
@Gary_The_Man76
@Gary_The_Man76 10 ай бұрын
Cause China doesnt wants to be the "owner" of the world like USA does
@joekerr8037
@joekerr8037 6 ай бұрын
Be patient, grasshopper. It is only a question of time after China sells off the US treasuries.
@tammylarson178
@tammylarson178 11 ай бұрын
Its not important. Stay American
@currentzone8160
@currentzone8160 11 ай бұрын
I support brics but can't support autocratic expansionist ccp
@psl7360
@psl7360 11 ай бұрын
Who cares who you support or not, it's insignificant.
@MLX2024
@MLX2024 11 ай бұрын
"what the acronym stand for...Brazil, Russia........India..China..South Africa...corrrect?. Right". Men... they really live in their own bubble.
@EmmanuelMoela
@EmmanuelMoela 11 ай бұрын
Deliberately.... Think about it, it worries them greatly to an extent where they decide to not report about BRICS or report about it loosely. They are so narrow minded that they think that if reporting about BRICS will translate into them giving credence to the existence of this block
@EmmanuelMoela
@EmmanuelMoela 11 ай бұрын
Before Brics expands further than here....they need to introduce a new financial system which will then fast track adoption of a currency
@abrorbobomurodov2361
@abrorbobomurodov2361 10 ай бұрын
Where do you live in yours???
@thegrumpyhorticulturist
@thegrumpyhorticulturist 10 ай бұрын
Buy gold
@antowniyahdavis7903
@antowniyahdavis7903 11 ай бұрын
So America is just abandoned
@mandarinandthetenrings2201
@mandarinandthetenrings2201 11 ай бұрын
No BRICS did not create the Anti-America, or Anti-NATO league. That was not their intention.
@XYZ-bi9eb
@XYZ-bi9eb 10 ай бұрын
OK, for sure. 🤣🤣🤣🤣🤣🤣🤣🤣
@maryburke1351
@maryburke1351 6 ай бұрын
Go back to gold
@Cyndeewii
@Cyndeewii 10 ай бұрын
This is such bull crap!
@spreadhysteria3650
@spreadhysteria3650 11 ай бұрын
BRICS+
@DaRomeos
@DaRomeos 11 ай бұрын
Bots lol
@jeromemarshall5963
@jeromemarshall5963 10 ай бұрын
Stop the lie 😢
@cuongvitruong
@cuongvitruong 5 ай бұрын
I support the BRICS currency.
@chuolpan8359
@chuolpan8359 10 ай бұрын
I am Jesus
@ReeeeeToaded
@ReeeeeToaded 10 ай бұрын
Now the us has a reason to issue them orders that hover over all them leaders but hey its almost daddy Bush bday in two days so lets pick this up on tuesday 😂
@darwing.proctor2629
@darwing.proctor2629 11 ай бұрын
This is all a major bunch of BS.
@Bav_ar
@Bav_ar 11 ай бұрын
To speak about BRICS you invite an anti Chinese Intellectual !?😂🤦🏼
WHAT’S THAT?
00:27
Natan por Aí
Рет қаралды 14 МЛН
Alex hid in the closet #shorts
00:14
Mihdens
Рет қаралды 15 МЛН