The BRICS countries suspend the expansion of the BRICS, and the confrontation officially begins?
Recently, the 10 BRICS countries voted overwhelmingly to temporarily suspend the expansion in order to 'digest' the accession of new members. ”
This information was revealed by Russian Foreign Minister Sergei Lavrov during a meeting with the head of the House of Republics of the National Assembly of Belarus Kochanova in Minsk.
The influence of the BRICS countries has surpassed that of the G7 and the European Union
The BRICS refers to an international cooperation organization composed of the five founding members of Brazil, Russia, India, China, and South Africa, and the five countries that later joined Saudi Arabia, Egypt, the United Arab Emirates, Iran, and Ethiopia.
In 2023, the combined GDP of the BRICS countries reached $38.7 trillion, accounting for 33.6% of global GDP, surpassing the combined GDP of the G7 countries led by the United States ($36.9 trillion, or 32.1% of global GDP).
The total population of the BRICS group is about 3.5 billion, accounting for 45% of the world's population. The share of the BRICS countries in the global economy rose to around 37%, surpassing the G7 and the EU (14.5%).
On top of that, the BRICS countries control about 44% of the world's crude oil. The newly expanded member states are almost all oil powerhouses
Venezuela, Thailand, Senegal, Cuba, Kazakhstan, Belarus, Bahrain and Pakistan have all formally submitted their applications.
Russia holds the rotating presidency of the BRICS this year, and the BRICS group has become Russia's main magic weapon in resisting Western sanctions.
Russia said that any country seeking to join the BRICS group should not participate in illegal unilateral sanctions, stressing that this is the "core criterion" by which Russia welcomes the new membership.
The current BRICS countries are mainly composed of major oil consumers and oil producers, and they can form their own economic circles. This is also the reason why Russia's economy has not collapsed despite the frantic sanctions imposed by the Western bloc.
Both the Eastern and Western blocs are consolidating their own small circles, and the confrontation may become more intense in the future.
The Western bloc with the United States at its core mainly relies on the G7 economically and NATO militarily.
The Eastern Bloc, with China and Russia as the core, mainly relies on the BRICS group economically, and although there is no unified platform for cooperation militarily, the member countries have basically become strategic partners.
From this point of view, you will find that the recent international situation is clear at a glance.
The guerrilla armed forces of various countries in the Middle East have collectively besieged the United States, and the Middle East has become a forbidden place for Western cargo ships.
Why can't the United States even handle the slipper army, and Israel is even more in the embarrassing situation of global isolation.
The reason is that Saudi Arabia, Egypt, the United Arab Emirates and Iran are all key players in the Middle East. After these countries joined the BRICS, they had both military and economic support.
In the current BRICS countries, some people pay money, some people shoot guns, some people take the blame, some people slap the table, and some people take their younger brothers, they really perform their own duties and cooperate very tacitly.
If you are careful netizens, you will find that as long as the Western bloc makes any moves, the BRICS countries here will hold a small meeting.
Now many small countries want to join the BRICS bloc for the simple reason that doing business in this circle does not have to look at the face of the West.
All of the current "BRICS" countries have been unilaterally sanctioned by the United States. The "BRICS" countries are also forced to huddle together for warmth.
This is why opposition to unilateral sanctions has become a consensus for joining the BRICS.
Perhaps in the future, US sanctions will become a passport to join the BRICS.
In particular, more and more countries have been dealing with countries that have openly opposed unilateral sanctions imposed by the United States.
In fact, there is a very interesting phenomenon, as long as the United States has new sanctions against the BRICS, the BRICS countries will collectively voice their condemnation. Even the countries that are preparing to join the party, such as Venezuela, Thailand, Senegal, Cuba, Kazakhstan, Belarus, Bahrain and Pakistan, have also responded positively.
The BRICS countries have already surpassed the G7 in economic "solidarity".
South Korea's bent attempts to join the G7 were ruthlessly rejected. Now the United States and Japan are blaming each other for the crazy depreciation of the yen.
The United States has placed Japan on the "list of currency manipulators", and Japan has accused the United States that "the continued depreciation of the yen has become an extreme example of American financial hegemony." ”
Japan has directly stated that the sharp fall in the yen is due to the Fed's high interest rate policy. The huge interest rate gap between Japan and the United States has been the main factor driving the depreciation of the yen this year, causing Japanese funds to continue to flow into the United States.
Among Asian countries, Japan and South Korea are now the biggest victims of the Fed's high interest rate policy.
Do you know why the Fed does not dare to cut interest rates now, the fundamental reason is that it has not found a suitable harvesting target.
Under the confrontation of the BRICS, it is the allies of the United States who have received the greatest impact from the Fed's interest rate hike policy this time.
What the United States wants to harvest most is the BRICS, but unfortunately it can't harvest it now. Other countries are either allies or have no harvest value.
This "tidal harvest" of the dollar may become a swan song.
With the help of the Fed's interest rate hike, the BRICS countries have completed de-dollarization, and at the same time, they are actively selling US bonds.
Now the Fed is facing a big problem, which is the simultaneous return of dollars and US Treasuries to the United States.
These days of dollars and U.S. debt will eventually kill the United States.
Do you know why the United States and its Western allies are now facing enormous inflationary pressures?
The reason is that the huge amount of dollars that used to serve global trade can now only circulate between the United States and its allies, which is bound to increase inflationary pressures in these countries. If you look at the prices of Japan, South Korea, and European countries recently, you can understand that this time the United States has taken these allies as targets for self-preservation.
In the past, America's allies were to follow the United States to harvest other countries, and the United States ate meat and drank soup. This time it's the United States that eats meat, and they cut the meat.