Topic: BRICS has become eleven countries instead of five. - page 8. (Read 1354 times)

Actually the term new world order has existed and was formed a long time ago, the new world order is not marked by the formation of the BRICS. Because of their broad nature, systems of economic and political control have alternated. Now it is undeniable that the BRICS is trying to increase its level of dominance in the eyes of the world, showing its fangs of power openly before the US. After this expansion, we can see how much the US has lost, which has not put up a fight because the US itself is preoccupied with its own dollar issues. Or you could say the US is too comfortable with the dollar system as if other countries don't dare to carry out a coup. I prefer to say it was a coup carried out by the initial actors after many US policies harmed the world, moreover the citizens themselves had to struggle to survive amidst the onslaught of inflation.

Russia is just making routes for any country that wants to fight back and improve its dilapidated economic system. Because the decision was returned to the country's leaders, which in my opinion, Russia was considered to have opened the path that they had hoped for, but did not dare to make it public. You know that the risks of developing countries that are still dependent on and indebted to the dollar will be easily suppressed. Therefore, Russia, which has strength not only in terms of economy, military, and natural resources, provides security guarantees for any countries that join. Moreover, with the additional guarantees from China, India, and Middle Eastern countries, everyone already believes in what kind of guarantee they will get later.

some of those countries are oil countries and are not industrialized or have an industrial renaissance, and they are all located in a close geographical area except for Argentina. Therefore, integration between these countries is already present and not as it was different in India, China, South Africa, Brazil and Russia. It seems that this alliance will be based on oil and logistics, not industrial development and a trained workforce, as we see in the G7.

If Indonesia joins with one of the countries in North America or Europe, then it will diversify and create a broader market.

It's been a rough and long journey though. Reversing a downward spiral that lasted about 2 centuries is always expensive. We have a saying that they took a whale turned it into a pussycat (current map of Iran looks like a cat); that is the occupation/separation of 2.6 million km² from Iran between 1812 to 1970 starting from Caucasus to Iran's 14th province called Bahrain.
It took roughly 15 years from 1964 to 1979 to stop that downfall and start the reversal through a bloody revolution, then it took almost 5 decades in post revolution Iran to get to here with an 8 years of "hot" war (armed conflict) and 44 years of cold and hybrid war to get to here.

This is also another indication of the weakening United States. It is not just the POTUS who is a senile old man, he is the literal manifestation of a regime that used to be a superpower.

Can you point out who is expecting the United States to fail? What everyone is trying to do is create a multipolar world and become more just. It is unfair and unpleasant that the whole world depends on and is dominated by one great power. Why don't you and the haters of the BRICS think this is just a fair competition between world powers? If the United States is indeed in power, then there is no reason to fear the BRICS.
I don't support any country because the national interest always comes first, but I prefer to have competition and fairness rather than let one country take advantage of power to look down on others.

Let's not forget that BRICs unites about half of the world's population and precisely the poorest half.
Most people wish for the US to fail, I don't think they see that by the US failing it gets worse than now. 

I support the BRICS and hope they will become bigger and more influential in the world. But I don't believe they can make the dollar disappear from the world market nor the US economy will collapse. Even finding a way to reduce their dependence on the USD is not a small challenge for them, and there is no guarantee that the BRICS will succeed. So don't expect that the US economy will collapse or the dollar will disappear completely, that's not possible, they will only weaken and we should hope that happens.

The speed of the BRICS currency is increasing day by day and it is believed that BRICS will soon become self-sufficient. It is clear that six more countries are included in this year's BRICS 15th conference. If BRICS is perfected in the world market, the pressure on the dollar will decrease a lot and the dollar will gradually disappear from the world market. As a result, the American economy will collapse a lot

This is an important point. Iran's location is its blessing as well as its curse, and this has been proven by the facts of history. Since the Middle Ages, travelers used to call Persia "the key to the East" until the construction of the Suez Canal, which reduced Iran's role in world trade.
It is important to address the reasons that delayed the formal inclusion of Iran in the BRICS since its inception, the most important of which is the international pressures on Iran since the fall of Reza Pahlavi (supported by America and the West) through the Islamic revolution in 1979, followed by a regional war against Iraq that lasted for 8 years (Saddam Hussein was supported by America at the time). Then, after the fall of the Soviet Union, Iran did not come out of the American Western considerations represented by the occupation of Afghanistan and Iraq and direct intervention in the Caspian Sea region through the establishment of a system of Eurasian corridors between Turkey, Azerbaijan, Uzbekistan, Kazakhstan and Georgia in order to achieve the geopolitical isolation of Iran because of the Russian-Iranian rapprochement that harms With American interests, according to which Iran will have two options, either to submit or to confront a hostile environment on its northern borders. Without forgetting to fuel the sectarian conflict with its Arab neighbors and to put more pressure on the background of the nuclear issue.
I find that these pressures are enormous, and it is really exciting that Iran has succeeded in steadfastness and the establishment of international alliances with such solidity. The BRICS countries were not able to declare a direct confrontation against America by officially accepting Iran's accession, and the cooperation remained formal. Today, the BRICS group feels stronger and that the announcement of Iran's inclusion in it will not meet any objection.

Technically Iran wasn't a member but even more technically there was first Iran then came BRICS

One of the main reasons for creating BRICS was to challenge the dominance of US dollar and US. That means creation of new payment systems, new trade routes and relations that US can not dictate or prevent, creating a sanction proof economy, etc. Well, Iran as the most sanctions country for the longest time in history has already created all that. Iran already has sanction-proof payment systems, trade routes and partners, and a lot more.

I may be biased but to be honest the way I see it is that BRICS without Iran didn't mean much. Specially when you consider the historical role Iran (or Persia) played in the global economic scene for centuries connecting East and West by being at the heart of Silk Road, and it still is at the heart of the new Silk Road under the new name One Road One Belt.

I had provided an explanation in a previous comment confirming your point of view in a completely objective manner, free from all kinds of bias. I will try to rephrase it more appropriately: The competition between the two poles {US-European & Brics+} is what can achieve stability for the global economy without this reaching the point of conflict. It should not be a war in which one side seeks to eliminate the other, and unfortunately, this is what the United States has been working on for decades. Just as it is important to diversify the forces between the poles of the planet, it is also important to diversify the currencies used in world trade. This does not mean completely abandoning the use of the dollar or replacing it with any other currency. Rather, the use of several currencies will help in the recovery of the current financial system, which suffers from successive crises due to the concentration of power in the dollar. It would never be good for the same dollar scenario to be repeated with another currency.

My bad, I guess I only followed the BRICS stuff after they officially formed the first alliance of 6 countries, never researching about the previous event. But after some due diligence I found that there are actually 40 countries that are interested in joining, but only 22 that have filled official application.

Considering the fact that these countries are either in relation or in retaliation with the USA, I say the inclusions of these countries aren't so bad after all. It's not meant to specifically target US and its military, nor does it aim to push for civil unrest. I think people demonize the BRICS just cause they have countries that aren't in good terms with the US, when the primary goal of this organization in the first place is to just find ways and assistance to keep allies' economies afloat during a massive financial turmoil. Which goes without saying is something that they have all rights to do.

If we want to find fault in this organization, we might need to wait a while before that happens. Otherwise, let's just assume that the BRICS is an authoritative figure with nothing in mind but the betterment of allied citizens.

I think Iran is already a member of the BRICS before now and things is going to get rough for the American dollars making there economy less stronger than what it is now. It is very certain that many countries in Africa will have no option than to Join and accept the BRICS membership has time goes on because many of the African countries is already passing through a rough  time since the time of colonial era. The movement of the BRICS currency is going to go far than what we are seeing now.

Since I have been following up on the BRICS updates, it is glaring how the new world order is already being established without even a world war or as much as any international disturbance. At least the demand for the USD will reduce, this will make its price hopefully reduce too.
I saw a brief reel on Instagram of China's Presidential visit to South Africa because of this same BRICS initiative. It is gaining appraisal by the day.

At least, we would get to see a change in the economic activities that leads to growth and prosperity should this become successful. Not one that is forced by deals that is one-sided or controlling in total.
  The recession has swept on for too long and the USD has never stopped rising against my own local currency, making it rather hard to live well and afford to pays bills too.

Economic unions, as history shows, are constantly transforming. The political situation in countries can change dramatically, and one or another economic union will simply lose its relevance. The larger BRICS becomes, the more internal disputes and disagreements will arise.

BRICS is an economic partnership first, so their geopolitical ambitions are predicated on how aggressive they choose to be. We don't know what this looks like quiet yet. You can consider their strength relative to G7 to be proportional to the aggregate GDP of all combined members of BRICS and G7 respectively.

The more countries that join, the greater threat they become to G7.

It is too early in my estimation to jump into conclusion about this. We are still observing the developments. Since it is a new group it is expanding. From what has been reported over 40 countries applied. Some interesting things to note about his group is that it aims to reduce reliance on politicized US dollar, enhance trade with local currencies. I think that this is good. Although my country is yet to join(I don't know if she will), yet I have argued in one of my posts in my local board that my country's economy will fare better if we move away from the heavy reliance on the US Dollar. Of course other steps needs to be taken in addition to this but this in itself if it happens will be a game changer.

I will not underestimate the BRICS congress, they really want to try to change the stigma associated with world finances. Whether we admit it or not, we cannot rule this out, the BRICS is filled with the countries with the most populous population, even India has just announced Chandrayaan-3 successfully landed on the moon and made India one of the countries with the lowest costs for this. According to Bridenstine
So this is only 1 country among the BRICS countries which is highly developed, if all countries start to have a way of thinking and are very motivated then the US will be increasingly threatened, let alone its finances in the world.

I was following the news all day and I noticed the agreement of analysts that both Morocco and Algeria were strong candidates to join the BRICS, but that was not possible because there is a geopolitical dispute between them over the Western Sahara issue. This was explained by the acceptance of membership by Ethiopia and Egypt, which apparently reached a consensus between them on the issue of the Grand Ethiopian Renaissance Dam.

It seems that today is Russia's lucky day, since the BRICS group has become an integrated global pole, which will help it strengthen its global position against Western sanctions. And also because of the death of the leader of the Wagner Group, who was a challenge to the Kremlin after leading the recent coup attempt.

To be honest, these countries are also lower in numbers, but just think of most of the countries other than the previous one and some of the 2 or 3 new countries that have now been added to the five-country list. Are already struggling with their economic situations, and countries facing economic crises always end up with the support of the US.

I will not say how things turn out because we are all educated enough to understand that. The point is how much impact this grouping will have on the economy and the US. Which you also asked. Well, long story short, this will have a good impact for those who have to pay huge debt to the US because once the BRICS start to succeed, dedolarization will start and it will become easy for a country stuck in a debt cycle.

While it might not be a good thing for a country that has no debt in US dollars but has reserves in US dollars, Because dedolarization will decrease their portfolio. Other than these impacts, there are many others, and shedding light on all of them is going to take too much time.