tomder55
Nov 11, 2022, 01:47 PM
This economic block of power is expanding while we sleep
Over a dozen countries have now applied to join BRICS, including Algeria, Iran and Argentina.If expanded, BRICS would comprise over half the global population, 60% of global gas and 45% of global oil reserves. Its combined GDP as at today would amount to $29.35 trillion, making it considerably larger than the United States economy of $23 trillion monopoly bucks and double that of the European Union’s $14.5 trillion.The new members would add just under 1 billion consumers to the BRICS+ family, for a total of 4.257 billion.
This expanded bloc would add to it's ledger the majority of all global resources like precious metals, rare earths, other rare minerals, energy resources such as coal and solar power, timber, agricultural land, fisheries, and fresh water.
It is not a free trade block .But it has set up a rival banks to the World Bank and the IMF to coordinate infrastructure loans.
NDB | New Development Bank (https://www.ndb.int/)
AIIB - Asian Infrastructure Investment Bank (https://www.aiib.org/en/index.html)
Both the NDB and AIIB banks are Triple A rated and capitalized at $100 billion. The NDB bank shares are held equally by each of the five members.
One can only imagine the impact that such a bloc would have on the global supply chain and global trade .
For one thing the west can kiss goodby any impact it hopes to have with it's already weakened sanction tools .
https://pbs.twimg.com/media/FhQh31sXkAAyKu_?format=jpg&name=small
Over a dozen countries have now applied to join BRICS, including Algeria, Iran and Argentina.If expanded, BRICS would comprise over half the global population, 60% of global gas and 45% of global oil reserves. Its combined GDP as at today would amount to $29.35 trillion, making it considerably larger than the United States economy of $23 trillion monopoly bucks and double that of the European Union’s $14.5 trillion.The new members would add just under 1 billion consumers to the BRICS+ family, for a total of 4.257 billion.
This expanded bloc would add to it's ledger the majority of all global resources like precious metals, rare earths, other rare minerals, energy resources such as coal and solar power, timber, agricultural land, fisheries, and fresh water.
It is not a free trade block .But it has set up a rival banks to the World Bank and the IMF to coordinate infrastructure loans.
NDB | New Development Bank (https://www.ndb.int/)
AIIB - Asian Infrastructure Investment Bank (https://www.aiib.org/en/index.html)
Both the NDB and AIIB banks are Triple A rated and capitalized at $100 billion. The NDB bank shares are held equally by each of the five members.
One can only imagine the impact that such a bloc would have on the global supply chain and global trade .
For one thing the west can kiss goodby any impact it hopes to have with it's already weakened sanction tools .
https://pbs.twimg.com/media/FhQh31sXkAAyKu_?format=jpg&name=small