This should answer those who were wondering what is happening with BRICS. In their latest summit that was held in Brazil this week the leaders of BRICS nations welcomed a new full member, Indonesia and also welcomed 10 new countries that joined BRICS as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.
Apparently BRICS now represents roughly half the population and GDP of the entire world
Apparently BRICS now represents roughly half the population and GDP of the entire world
The obsession of every American president is to strengthen the power of the dollar. And although it has long been untied from gold, the dollar has remained strong thanks to US policy, its business and ability to invest in other countries. And when Putin announced that BRICS would consider creating its own currency, it was the greatest threat to the dollar. Now, with the accession of the BRICS countries, this union is strengthening and Trump is afraid more than ever that under his rule the dollar will become much weaker on the world stage.