0 Multipolar world is rising BRICS

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Rare Earths Crisis: Why the West Depends on BRICS

BRICS is establishing a precious metals exchange to challenge Western financial dominance, leveraging their 72% control of rare earth reserves to create a new gold standard.

Think BRICS Sep 23, 2025 The tectonic plates of global economic power are shifting, heralded not by conventional military might, but by the strategic consolidation of real assets and the establishment of new, fair financial infrastructure. At the forefront of this monumental transition is the BRICS grouping, leveraging its unparalleled resource wealth to establish a „New Global Gold Standard“ that fundamentally challenges the post-World War II economic order dominated by the USA and the European Union (EU). The ambition of the BRICS nations—Brazil, Russia, India, China, and South Africa, along with new partners—is manifesting in tangible projects, chief among them the proposed BRICS Precious Metals and Mineral Exchange. This report details the strategic significance of this initiative, highlighting how BRICS is capitalizing on its collective geoeconomic power to ensure equitable trade, financial sovereignty, and a multipolar future. BRICS resource command extends far beyond REEs, covering the strategic trinity of energy, food, and technology minerals. Table with 3 columns and 8 rows. (column headers with buttons are sortable) Resource Category BRICS Control/Share Strategic Significance Rare Earth Metals (Reserves) 72% of world reserves Essential for electronics, EVs, and defense. Rare Earth Processing 75% globally (China) Monopoly on midstream value chain, enabling pricing control. Cobalt 70% of global cobalt (DRC, Uganda) Critical for EV battery dominance. Battery Nickel 50%+ (Indonesia, Russia) Key component for high-performance batteries. Niobium Production 91% globally (Brazil) Indispensable for hypersonic weapons and aerospace (withstanding 2,400°C). Oil/Fuel 40% of global oil (Russia, Saudi Arabia, UAE) Energy security and petrodollar erosion. Grain Exports 1/3 of grain exports Food leverage (Brazil/Russia supply 45% soybeans/28% wheat). BRICS resource command extends far beyond REEs, covering the strategic trinity of energy, food, and technology minerals. Table with 3 columns and 8 rows. (column headers with buttons are sortable) Resource Category BRICS Control/Share Strategic Significance Rare Earth Metals (Reserves) 72% of world reserves Essential for electronics, EVs, and defense. Rare Earth Processing 75% globally (China) Monopoly on midstream value chain, enabling pricing control. Cobalt 70% of global cobalt (DRC, Uganda) Critical for EV battery dominance. Battery Nickel 50%+ (Indonesia, Russia) Key component for high-performance batteries. Niobium Production 91% globally (Brazil) Indispensable for hypersonic weapons and aerospace (withstanding 2,400°C). Oil/Fuel 40% of global oil (Russia, Saudi Arabia, UAE) Energy security and petrodollar erosion. Grain Exports 1/3 of grain exports Food leverage (Brazil/Russia supply 45% soybeans/28% wheat). Why BRICS‘ Mineral Exchange Threatens the West Video The BRICS Mineral Exchange is changing everything. Precious metals, rare earth resources, and global mining are at the heart of a movement toward de-dollarization and real financial independence. Instead of relying on paper promises, BRICS is turning to gold reserves, platinum, and strategic minerals to build a new foundation for global trade. In this video, we uncover how BRICS is positioning itself as the new global gold standard. From Russia’s bold announcement at the Moscow Financial Forum to China’s near-total dominance in rare earth processing, the story is clear: Western financial control is weakening. You’ll see how Brazil’s niobium monopoly, India’s Critical Minerals Alliance, and Africa’s new resource revolution are combining to shift power away from traditional markets like London and New York. We also explain how BRICS nations are stockpiling gold, bypassing the dollar, and creating fairer, transparent pricing mechanisms for extraction industries. For seniors in the USA, Canada, and the UK, this shift could affect retirement stability and the global economy you depend on. For Indian viewers, it highlights a new chapter of leadership in critical minerals and sovereign finance. This video is not a financial advice guide, a stock-picking tutorial, or a cryptocurrency forecast. We don’t provide engineering-level details on extraction industries or country-specific tax rules. Military strategy beyond mineral control, domestic politics inside BRICS nations, or short-term trading signals are also outside our focus. Instead, we stay centered on BRICS, Precious Metals, Rare Earth dominance, De-dollarization, and Global Mining to show how these forces are reshaping the future of finance.

Culture as Diplomacy: Inside First World Public Assembly’s Vision for a Multipolar World

Visions about the BRICS Electricity Alliance

The BRICS Electricity Alliance envisions an energy-powered future, with China and Russia uniting to reshape global power, drive AI advances, and support developing nations beyond dollar dominance.

Think BRICS and Xiaoguang Yin Aug 31, 2025 With the rapid development of AI, especially the global AI boom triggered by the emergence of DeepSeek, electric energy has become a new hot spot that various countries are competing to develop. After all, whether it is the calculation or operation of artificial intelligence, strong electricity is required. Without strong electricity, no matter how powerful the AI ​​is, it will be just empty talk. In this electricity race, China seems to be ahead of the world once again. The Financial Times exclaimed, „China is poised to become the first ‚electric kingdom‘ in human history, transforming from a fossil fuel-dependent nation to one driven by electricity.“ By 2024, China’s electricity generation is expected to exceed 10 trillion kilowatt-hours, equivalent to 2.5 times that of the United States and 5 times that of India. The Australian Broadcasting Corporation also found that China’s solar power generation installed capacity (45.2GW) in April 2025 alone exceeded Australia’s total installed capacity. In May, it doubled again to 93GW! In the first half of 2025, China’s newly installed power generation capacity reached 290GW, far exceeding Germany’s total installed capacity (263.4GW). These reports reflect the fact that China’s electricity supply has reached an astonishing and incredible high level.

Over 4,000 delegates from 150+ countries gathered in Moscow to forge a new multipolar world through culture, creativity, and conscious unity, challenging Western hegemony with strong BRICS leadership.

Think BRICS Sep 22, 2025 Moscow, Russia – On September 20-21, 2025, in the sprawling Congress Center of Moscow’s World Trade Center, a significant chapter in the story of the emerging multipolar world was written. This was the First World Public Assembly, an ambitious gathering that convened over 4,000 delegates from more than 150 countries. As media partners for this landmark event, our channel had a front-row seat to the proceedings, witnessing not just diplomatic pleasantries but the forging of a new global narrative. While panels spanned a range of topics, from economics to peacemaking, it was the strategic discussions on culture, media, and the BRICS creative industries that revealed the true depth of this new vision for global cooperation.

New Winds, Old Battles: Thailand’s Strategic Crossroads in a Fracturing Global Order

As Thailand confronts border conflict with Cambodia and pivots toward BRICS, its foreign policy faces a critical test amid shifting global power and rising regional tensions.

Thailand stands at a critical junction, navigating escalating hostilities with Cambodia even as it deepens ties with the BRICS bloc. This confluence of military tension and geoeconomic realignment underscores Bangkok’s increasingly central role in the shifting global balance of power.

When Empires Tire: Civilizations at a Crossroads

“The myth of progress has become the Prozac of the modern West.” — John Gray

Think BRIC Sand Asad Khan Bahadur Jun 11, 2025 What if the grand narrative of Western progress is merely a sedative, masking a deeper exhaustion? Civilizations, like individuals, grow tired—not just economically or militarily, but spiritually. Today, we are witnessing a profound moment: the Western world no longer dreams with conviction, while the rest of the world is beginning to write its own dreams—dreams rooted in memory, culture, and alternative models of order. This is not a call for chaos or conquest but a signal of a grand rebalancing unfolding in the 21st century. The World After the West: “The West has become addicted to war, especially the United States. The addiction is spiritual. It is not about security, but control.” — Jeffrey Sachs Yet, as Alexander Dugin  reminds us, “History never ended. Liberalism is not destiny. It is just one of many civilizational possibilities.” The Crumbling Temple of Modernity: Western civilization, once full of energy and promise, now reveals clear symptoms of spiritual decay: declining trust in institutions, cultural fragmentation, ideological extremism, and demographic stagnation. As Constantin von Hoffmeister  explains, “Liberalism seeks to flatten difference in the name of freedom. But difference is the soul of culture. Civilizations do not want to be assimilated—they want to be remembered.” We are now witnessing the “revenge of the sacred,” the stirring of people reclaiming the essence of who they are. A Return to Civilizational Memory: The New Contest: Meaning vs. Management: India is reasserting Hindu metaphysics within public discourse and governance, integrating ancient philosophic wisdom with modern politics. China is artfully blending Confucian hierarchy with rapid economic dynamism, emphasizing collective harmony over rugged individualism. Russia is reconstructing its national identity through a synthesis of Orthodoxy and Eurasian thought, fostering a distinctive spiritual and geopolitical vision. The Islamic world is increasingly leaning on Sharia, robust family structures, and theological principles to rebuild societal foundations from within, foregrounding community bonds and divine guidance The End of Imitation: “Let us stop trying to imitate the West. Imitation is the death of identity.” — Alexander Dugin Read the whole article

Beyond Nuclear: What Israel REALLY Attacked in Iran

Iran’s BRICS Power: Vast energy/mineral wealth and nuclear facilities under attack, sparking global concern and regional instability.

On June 13, 2025, the world watched as news broke of Israeli military strikes on Iranian territory. The immediate headlines, often fueled by Western narratives, pointed to one primary objective: Iran’s nuclear program. International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi himself expressed „deep concern“ that „nuclear facilities must never be attacked“. Indeed, the Natanz Fuel Enrichment Plant was hit, with the above-ground Pilot Fuel Enrichment Plant destroyed and electrical infrastructure severely damaged, potentially impacting centrifuges in the underground cascade hall. Iran confirmed the Natanz attack and stated other facilities like Fordow and Esfahan were also targeted. However, to simply view these strikes through the narrow lens of nuclear non-proliferation is to miss a far more complex and perhaps more critical geopolitical objective. What if the real target wasn’t just Iran’s nuclear ambitions, but its burgeoning role as a strategic economic powerhouse within a rapidly expanding non-Western global order, specifically the BRICS bloc? This article will delve into compelling evidence from the sources that suggests the attacks were a pre-emptive strike against Iran’s growing energy and mineral influence, its push for de-dollarization, and its crucial position in solidifying Eurasian economic integration. The Geopolitical Chessboard: Iran, BRICS, and the "Pre-emptive War"  „imperial war against BRICS, especially Russia-China“.  Shanghai Cooperation Organization (SCO) Iran's Undeniable Resource Power: The True Prize The "Resource Nationalism" Angle and Strategic Infrastructure  Makran Free Economic Zone   International North-South Transportation Corridor (INSTC). Beyond Inspections: The IAEA and Intelligence Gathering Allegations  IAEA, an ostensibly neutral agency, were allegedly exploited for military intelligence. Minister Kazem Gharibabadi The Broader BRICS Vision: Reshaping Global Energy Governance  New Development Bank (NDB),  Conclusion The Israeli military strikes on Iran on June 13, 2025, while framed primarily as a response to Iran’s nuclear program, appear to be far more nuanced upon deeper examination of the available information. While the destruction of enrichment facilities and associated infrastructure is undeniable, the consistent emphasis in multiple sources on Iran’s vast energy and mineral wealth, its recent integration into the BRICS bloc, and the explicit condemnation of attacks on „energy and transport infrastructure“ by the SCO paints a picture of a broader strategic objective. The „pre-emptive war against the BRICS energy core“ narrative, coupled with Iran’s ambition to be a regional power center and its efforts to promote de-dollarization and Eurasian integration, suggests that the real target extends „beyond nuclear.“ It was, arguably, an attempt to cripple Iran’s economic influence and its role in forging a non-Western-centric global order. The allegations that international oversight bodies were exploited for intelligence gathering, though presented by a single source, further highlight the deep mistrust and complex geopolitical maneuverings at play. As Iran responds by limiting cooperation with the IAEA and accelerating its enrichment capabilities, and as the BRICS bloc continues its determined path to reshape global energy governance, the world stands at a critical juncture. The attacks on Iran are not just about nuclear centrifuges; they are a stark reflection of the intensifying struggle for influence in a multipolar world. Read the whole article

Pressures and Promises: the US Struggle to Contain a Rising BRICS

The US tightens pressure on BRICS, especially India, as dedollarization accelerates and the 2025 Rio summit looms, reshaping global trade, finance, and power balances.

Think BRICS Jun 06, 2025 In the evolving dynamics of global power, the economic landscape traditionally led by the US dollar is experiencing a notable transformation. This change is largely driven by the growing influence of BRICS nations (Brazil, Russia, India, China, and South Africa. The list has recently been expanded to include Indonesia, Egypt, Ethiopia, Iran, Saudi Arabia, the United Arab Emirates, and eight additional „partners“. It is always beneficial to report this information accurately.) As BRICS+ becomes more proactive in influencing global economic policies, the United States is implementing a dual approach of applying pressure and offering incentives to counteract this group’s rising influence. A key element of this strategy involves India, which plays a crucial role in both Western and BRICS-aligned platforms. As attention turns to the significant 2025 BRICS summit in Rio de Janeiro, tensions are mounting. The US is employing a „carrot and stick“ tactic to sustain its geopolitical influence amidst an accelerating movement towards de-dollarization.

Strategic Disengagement: The Decline of the Dollar

A quiet, determined exodus from the US dollar is reshaping the global economic order. Long the cornerstone of international trade and reserves, the dollar is now facing widespread skepticism, particularly among Asian economies and the BRICS bloc. This de-dollarization movement reflects both geopolitical mistrust and concerns over America’s mounting fiscal liabilities—its debt now surpassing $36 trillion. The US has the highest national debt in the world, a quarter of which is owned by other countries. Recommended Stories Trump’s tariffs are failing, but the old model won’t save us either US to revoke Chinese student visas: What’s the likely impact? Trump says China’s Xi ‘hard to make a deal with’ amid trade dispute lMusk commits to stay as Tesla CEO for another five years The US has the highest amount of national debt in the world and is facing growing concerns about its long-term fiscal stability. (Al Jazeera) China, the most economically influential member of BRICS, is leading the retreat. In 2024 alone, Beijing offloaded $150 billion in US Treasury securities, substituting them with gold and other tangible assets. This strategy is gaining traction across emerging markets, with over $7.5 trillion in Asian reserves still potentially exposed to dollar-based risk—a figure that, if reallocated, could pose a seismic threat to US economic stability. Underlying this shift is the erosion of faith in Washington’s financial stewardship. Many foreign policymakers now view the dollar as increasingly vulnerable to inflationary pressures and geopolitical manipulation. The legacy model—export to the US, then recycle earnings into American debt—is fraying. Instead, nations are pursuing more sovereign approaches, like the use of local currencies in trade.

Statistics back this shift: China’s trade with BRICS countries hit 4.62 trillion RMB ($650 billion) in the first nine months of 2024, a 5.1% year-over-year increase. Crucially, 54.3% of this trade was conducted in RMB, while only 41.4% relied on the dollar. The implications are profound. As Virginie Maisonneuve of Allianz Global Investors aptly put it, “We are experiencing a change in the world order, and I don’t think we will return to the way things were before.”

The Stick: Pressure, Sanctions, and Tariffs

From Washington’s viewpoint, the cohesion and assertiveness of the BRICS bloc represents an existential challenge to the post-WWII dollar-centric order. This sense of urgency is evident in recent rhetoric and actions. The US has begun issuing stark warnings, particularly to India, a country seen as teetering between East and West. During the 2025 US-India Strategic Partnership Forum in Washington, US Commerce Secretary Howard Lutnick issued pointed criticisms of India’s continued defense purchases from Russia and its deepening role within BRICS. According to Lutnick, India’s alignment with a bloc seeking to erode dollar dominance „gets under America’s skin“ and could jeopardize future bilateral relations. The message was clear: align with the West, or face consequences. This posture extends beyond rhetoric. Under both the Biden and Trump administrations, the US has wielded tariffs as punitive tools. Trump’s recent threat to impose 100% tariffs on BRICS nations launching a new non-dollar currency illustrates the aggressive line being drawn. Brazilian President Lula, unphased, responded that these threats „do not scare anyone“ and reaffirmed BRICS‘ autonomy in setting their own agenda. Ironically, this protectionism may accelerate the very shifts Washington seeks to deter. As US trade walls rise, nations are increasingly turning to China as a commercial alternative. More trade with Beijing means more transactions in RMB, reinforcing dedollarization and weakening America’s financial influence.

The Carrot: Dialogue, Trade Deals, and Economic Engagement

Despite the hardline approach, the US is also deploying diplomatic incentives, especially with India. Even after criticizing India’s military and economic ties to Russia, Secretary Lutnick softened his stance, suggesting progress was being made and that both governments were working through their differences. Discussions of a potential US-India free trade agreement have gained momentum, with Washington offering preferential access and technology cooperation as sweeteners. For New Delhi, this presents a delicate balancing act: maintain strategic autonomy while capitalizing on trade opportunities from both East and West. A similar duality plays out in US-China relations. While tensions persist, channels of communication remain open. A social media post by US Ambassador to China David Perdu, showing a meeting with Chinese Foreign Minister Wang Yi, was widely interpreted as a signal that dialogue remains possible—even if substantial progress remains elusive. Analysts suggest that the US sees strategic dialogue with China as “mission critical” to bolstering the dollar and preventing further economic decoupling.

The Road to Rio: What BRICS 2025 Could Bring

As Brazil prepares to host the 2025 BRICS summit in Rio de Janeiro, the stakes have never been higher. The agenda, while not yet finalized, is expected to showcase the bloc’s most ambitious initiatives to date. Chief among them is the presentation of a unified climate finance policy, the establishment of a grain exchange to circumvent Western pricing benchmarks, and increased digital and technological cooperation. India, notably, has taken a leadership role in pushing forward its digital public infrastructure model, including Aadhaar and UPI, which now accounts for nearly half of global digital transactions. These efforts underscore India’s relevance and the complex interplay between its Western partnerships and Eastern affiliations. China and Russia are also deepening cooperation across high-tech sectors, including AI, biotechnology, and renewable energy. This push for technological self-reliance is a direct response to Western sanctions and export controls, further incentivizing the development of a parallel global system.

The Broader Implications

The rise of BRICS+ and the steady move away from dollar-centric commerce could usher in a new era of multipolarity in international relations. For global trade, this means more bilateral agreements in local currencies, the emergence of new reserve assets, and potentially more volatility as long-standing systems adjust to new realities. For the US, the implications are stark. Losing its status as the world’s default reserve currency would make debt financing significantly more difficult and costly. Foreign demand for Treasury bonds could dwindle, forcing higher interest rates and reducing Washington’s ability to fund its global military and diplomatic endeavors. Still, the dollar’s dominance isn’t disappearing overnight. The transition is slow and fragmented. But as one analyst recently noted, „The page of the dollar-based monetary system has not yet turned—but the first lines of its epilogue may Watch this Video Können BRICS den Dollar wirklich zerstören? Denken Sie noch einmal darüber nach

A Multipolar Future

The interplay between US pressure and BRICS resistance is shaping a new global order. As the world watches the lead-up to the BRICS 2025 summit in Rio, the dynamics between Washington and New Delhi, Beijing, and beyond will be critical. Whether the US can adapt to a world where its financial supremacy is contested, and whether BRICS can truly offer a sustainable alternative, remain open questions. What is certain, however, is that the global economy is moving into uncharted territory—one marked by decentralized power, diversified currencies, and reimagined alliances. In this emerging world, the ability to navigate complexity will determine not just prosperity, but sovereignty.

A New Axis: ASEAN-GCC-China Cooperation Signals Shifting Global Economic Landscape

Kuala Lumpur Summit: ASEAN, China, GCC deepen „Golden Triangle“ ties, countering U.S. tariffs & boosting BRICS partner belt links.

In mid-May 2025, U.S. President Donald J. Trump embarked on his first tour of the Middle East since the start of his second presidential term, visiting Saudi Arabia, Qatar, and the UAE. The trip aimed to secure significant economic deals and formulate a new approach to relations with Middle Eastern powers, resulting in an „investment basket“ totaling over $2 trillion, primarily from Qatar. Deals included large aircraft orders for Boeing and substantial arms sales to the UAE and Saudi Arabia. While Trump sought to position the Gulf monarchies as key economic partners and a „counterweight“ to traditional allies like Israel, emphasizing economic ambition and political maneuvering, this visit occurs at a time when these nations, alongside those in Southeast Asia, are increasingly strengthening ties with Asian economic powerhouses. The upcoming ASEAN-GCC Summit and the inaugural ASEAN-China-GCC Summit in Kuala Lumpur highlight this significant pivot towards fostering a central axis in the world economy spanning East and West Asia.

This burgeoning relationship, which has been deepening since the 1990s, represents enormous complementarities between the regions. It comes amid heightened uncertainty in the world economy and severe trade disruptions caused, in part, by recent U.S. tariff policies. The International Monetary Fund (IMF) downgraded its global growth forecast for 2025, partly citing a series of new tariff measures by the United States and countermeasures by trading partners. ASEAN economic ministers have stated that the unprecedented imposition of tariffs by the U.S. will disrupt regional and global trade and investment flows and supply chains, affecting businesses and consumers worldwide. U.S. tariffs are also endangering $22 billion worth of non-oil exports from GCC economies, according to a UN agency brief. Against this backdrop, cooperation among ASEAN, China, and GCC countries is expected to inject stability into the world economy and unlock immense potential. Experts have termed this trilateral cooperation platform a „Golden Triangle“ of resources, manufacturing, and consumers. These complementary economies aim to ride out trade disruptions and continue powering the global economy.

BRICS expands to 54.6% of world population by adding Nigeria, Africa’s most populous country

BRICS added new partner Nigeria, Africa’s most populous country with no. 6 population on Earth. BRICS+ now has 10 members & 9 partners, comprising 54.6% of world population & 42.2% of global GDP (PPP) Ben Norton Jan 20

Nigeria’s Gamble: A Dance Between Order and Chaos in the BRICS Arena

Global South Rising: Nigeria Joins BRICS. A search for equity, amid corruption & power imbalances in the new world order.

MAGA’s Anti-Indian Sentiment: Part of Trump 2.0’s BRICS+ Tactics?

Good Cop, Bad Cop: MAGA’ites Spewing Venom Against Indian-Americans on X Is Part Of Trump 2.0’s Negotiation Tactics With BRICS+

The four years of Joe Biden-led Democrat party regime is finally at an end, and so is the American dream of eternal hegemony. Trump may have been the first US President of the 21st century who did not start any new wars. But Joe Biden raised the standards and became the first US President to bring Russians, Chinese, Indians, Arabs, Africans, South Americans and every other nation under one roof. Seeking an alternative world order with BRICS+, a collective of different nationalities and ethnicities genuinely felt the urge to push back against the unipolar Western-centric world order. Credit to Joe Biden where it is due. Even citizens from America’s allied countries in Europe, Australia and Canada are flustered with the US policy of openly funding proxy wars with the help of an unpegged fiat dollar world reserve currency. Read all

BRICS expands with 9 new partner countries. Now it’s half of world population, 41% of global economy

BRICS adds 9 partner nations in 2025, after admitting 4 new members in 2024. It now makes up half of global population & 41% of world GDP (PPP), with top producers of oil, gas, grains, meat, minerals.

BRICS, the Global South-led forum for economic cooperation, continues to grow in influence, as its seeks to de-dollarize and transform the international monetary and financial system. After admitting four new members in 2024, BRICS officially welcomes nine new nations as partner countries on January 1, 2025. They are: Belarus Bolivia Cuba Indonesia Kazakhstan Malaysia Thailand Uganda Uzbekistan With its nine members and nine partners, BRICS now makes up roughly half of the global population and more than 41% of world GDP (PPP). The group is an economic powerhouse, including top producers of key commodities like oil, gas, grains, meat, and minerals. Read all Watch the video

Understanding the „World Majority“: A New Force in Global Politics

The World Majority is emerging as a powerful, independent bloc in global politics, challenging Western dominance and reshaping international order amid evolving alliances and geopolitical shifts. The Valdai Discussion Club’s 2024 report examines the concept of the „World Majority,“ a diverse group of countries that have chosen to eschew Western sanctions against Russia and instead pursue more independent policies. The report delves into the motivations, interests, and potential consequences of this group’s ascendance, emphasizing its implications for the dynamics between Russia, the West, and China. Continue reading Video

Russia’s Defiant Economic Vision: Putin’s Address at the 15th VTB Russia Calling! Investment Forum

In a bold speech at the 15th VTB Russia Calling! Forum, Putin emphasized economic sovereignty, resilience, and leadership, highlighting past triumphs and outlining a vision for future growth.

China’s Restrictions on Rare Earth Resources are a Huge Blow to the United States

Think BRICS and Xiaoguang Yin Dec 07, 2024

China’s rare earth export restrictions escalate the US-China tech war, impacting F35 fighter jet production and exposing global supply chain vulnerabilities amid economic and military power struggles. After Trump won the US presidential election, before he took office in the White House, the trade war and technology war between China and the United States had already officially begun. First, Trump announced that he would impose a 25% tariff on Canada and Mexico, and an additional 10% tariff on Chinese products. Then, the United States announced sanctions on 140 Chinese chip companies, and China subsequently retaliated by restricting the export of rare earth resources to the United States. The technological offensive and defensive battle between China and the United States has entered a new stage.

Emerging Markets Reshape Global Economy: Sharma’s Analysis

Pranjal Sharma explores how emerging markets in Asia, Africa, and Latin America are transforming the global economy, challenging Western dominance and promoting equity.

“Weaponizing the Dollar”: Trump Declares War on BRICS “De-dollarization”

By Ahmed Adel Global Research, December 13, 2024 In a Truth Social post on November 30, Trump said: “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty US Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful US Economy.” The president-elect’s threat to impose 100% tariffs on the BRICS+ countries that try to replace the dollar as the global reserve currency is excessively bombastic. Not only does it sound sterile, but worse, it would mean the geoeconomic and commercial suicide of the US since today, the BRICS+ have surpassed the G7 of which the US is a member. Today, the G7’s GDP has fallen substantially behind, with 30% of the global GDP measured in Purchasing Power Parity. Even when measuring the combined economies of all 32 NATO members, accounting for 30.7% of the global GDP, it pales compared to the BRICS+ 35%. In terms of population, BRICS+ – including its five new members Iran, Saudi Arabia, the United Arab Emirates, Egypt and Ethiopia – make up 45.3% of the world’s population, compared to 10% for the G7, while NATO represents about 973 million people. Continue reading

Post-BRICS 2024: Geopolitical Challenges, Opportunities and Future Pathways

By Dr Byelongo Elisee Isheloke and Kester Kenn Klomegah I would say South Africa is strongly committed to its engagement in the BRICS. It has hosted two of its summits. As an active member, it has what it takes to deliver despite the internal economic crises in South Africa. I think over the years, South Africa grew in confidence within the partnership, particularly when the first BRICS summit took place in Durban South Africa.

BRICS Expansion: A Transformative Shift for Africa

The expanded BRICS alliance is fueling transformative investments in Africa, reshaping global power dynamics, and unlocking opportunities in technology, infrastructure, and sustainable development.

China, Brazil elevate ties to forge shared future

Trump’s Trade War is Doomed to Fail

The world is shifting faster than they want you to notice. Promises of change, threats of chaos—behind it all, there’s a pattern they don’t want you to see. Let’s break it down. Think BRICS and Xiaoguang Yin Nov 25, 2024 Republican candidate Donald Trump won the U.S. presidential election this month and became the 47th president-elect of the United States. Trump is known for his sharp words and shocking remarks. He is good at exaggerating creating momentum and using his preemptive attitude to give his opponents a crushing blow. For example, Trump boasted during the election that he would „end the Russia-Ukraine war in one day.“ This boast has almost become a bubble as Biden lifted restrictions on Ukraine’s long-range missiles. It is conceivable that as the Russia-Ukraine war escalates violently unless Trump directly abandons Ukraine, the Russia-Ukraine war will continue after Trump takes office. Continue Reading

Global South Think Tank Alliance helps break the Western monopoly on thought

The Global South Think Tank Alliance, led by China and 200+ institutions, seeks to counter Western ideological dominance and promote social stability and cooperation across Global South nations. Think BRICS and Xiaoguang Yin Nov 21, 2024

The Path to Financial Sovereignty: Modern Monetary Theory and the BRICS Vision

Could BRICS+ use Modern Monetary Theory to create a future where monetary sovereignty and innovative financial frameworks reduce inequality and foster sustainable global development?

Think BRICS Nov 24, 2024 The economic landscape is witnessing a profound shift, one where alliances such as BRICS Plus (Brazil, Russia, India, China, South Africa, and Partners) are challenging traditional norms of global finance. A key voice in understanding these dynamics is Professor Yan Liang, a specialist in Modern Monetary Theory (MMT) and global development economics, who recently shared her insights in an interview that interwove theory, practice, and the aspirations of developing nations.

The World The BRICS Want

Doug RooneyNov 13, 2024 October saw two major international summits meet at the same time: the BRICS summit in Kazan, Russia, and the Commonwealth Heads of Government Meeting in Samoa. Two countries (South Africa and India) are members of both the BRICS and the Commonwealth of Nations. Both countries choose to send their head of government to Kazan, sending a deputy to meet with the new British Prime Minister and King Charles in Samoa. October saw two major international summits meet at the same time: the BRICS summit in Kazan, Russia, and the Commonwealth Heads of Government Meeting in Samoa. Two countries (South Africa and India) are members of both the BRICS and the Commonwealth of Nations. Both countries choose to send their head of government to Kazan, sending a deputy to meet with the new British Prime Minister and King Charles in Samoa.

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Russia’s Vision for a New World Order: Key Takeaways from Putin’s 2024 Valdai Club Speech

In Sochi, Putin outlined his vision for a multipolar world, criticizing Western hegemony and advocating for global cooperation based on respect for cultural identities and sovereignty.

During the 21st annual meeting of the Valdai Discussion Club in Sochi on November 7, 2024, Russian President Vladimir Putin delivered a thought-provoking speech, covering a range of issues from shifting global powers to the role of cultural sovereignty. His address offered a sweeping narrative on the world’s evolving order, as he sees it, and outlined Russia’s perspective on global cooperation, security, and respect for cultural identities. By reflecting on history and the unique challenges of our time, Putin’s speech framed Russia as a voice for a multipolar world—one where nations operate as equals, unbound by unilateral influence. Here are the central themes and messages that emerged. –A World in Profound Transition -Challenging the Notion of Hegemony -Advocating Multilateralism and the BRICS Model -Criticism of Western Liberalism and “Intolerance” -Russia’s Role as a Guardian of Sovereignty and Stability -Warnings About the Risk of Nuclear Escalation -Critique of NATO and Military Alliances -Global Challenges Beyond Politics -Cultural Respect and Mutual Understanding -Russia’s Vision for a New World Order Continue reading

How can BRICS de-dollarize the financial system?

BRICS plans to transform the international monetary and financial system, and debated policies at the 2024 summit in Kazan, Russia. How can it challenge the dominance of the US dollar?

Nov 09, 2024 BRICS plans to transform the international monetary and financial system, and debated potential policies at the 2024 summit in Kazan, Russia. Can it successfully challenge the dominance of the US dollar? To discuss BRICS’ proposals, political economist Radhika Desai is joined by Ben Norton and former central banker Kathleen Tyson, author of the book Multicurrency Mercantilism. You can find more episodes of Geopolitical Economy Hour here. Video

Hidden Facts Could Slow the Rise of the BRICS Payment System

The members‘ genuine commitment to the project remains uncertain; Is the BRICS de-dollarization ambition merely Russia’s wishful thinking?

This year’s annual BRICS summit in Kazan, Russia, made headlines with Putin’s call for the expanding club of emerging economies to create an alternative cross-border payments framework that could rival the Western-led payment system and diminish the greenback’s global dominance. Known as BRICS Bridge, the initiative comes amid growing de-dollarization rhetoric, especially after financial message system SWIFT’s ban on Russian banks – and it appears compelling enough to unite the bloc in promoting national currencies and resisting asset weaponization. However, a concurrent SWIFT banking conference in Beijing highlighted the complexities of implementing the BRICS payment system and advancing de-dollarization. Continue reading

Think BRICS

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Yifan

Oct 31, 2024

There Won’t Be Any BRICS Common Currency. And It Is A Good Thing

BRICS rejects a common currency, advocating instead for trade in local currencies to ensure economic sovereignty. Learn why dedollarization doesn’t require a new currency.

Think BRICS and Matteo Oct 29, 2024 Alea iacta est. From Kazan, the protagonists of the great BRICS+ summit drew the conclusions that many expected, especially regarding the new economic order, as well as the new or aspiring participants in multipolarism. On the new economic and financial order, the Kazan Declaration makes it very clear:  «We support the NDB in continuously expanding local currency […] We welcome the use of local currencies in financial transactions between BRICS countries and their trading partners»1. Despite what many voices are wrongly repeating, there won’t be any new common currency, and neither have any of the representatives announced that it is even a topic of the BRICS agenda. No back to the gold or Bretton Woods II Continue reading

China and India reaching a troop withdrawal agreement marks the bankruptcy of the US „Indo-Pacific Strategy“

China and India’s troop withdrawal signals a shift away from U.S.-led Indo-Pacific alliances, raising questions about Western influence and India’s evolving regional strategy.

According to the latest news, China and India have reached an agreement to withdraw their troops after more than a year of standoff on the disputed border. This agreement was reached at the BRICS Kazan Summit in October this year. This is certainly exciting news because ever since China and India confronted each other on their disputed border in 2022, the outside world has been deeply concerned about the possible military conflict between China and India.

Think BRICS

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Cook Green

Nov 01, 2024

BRICS 2024: Building a New World. Manlio Dinucci

Oct 28, 2024 The 16th BRICS Summit, chaired by Russia and held in Kazan, capital of the Republic of Tatarstan, was attended by 35 countries and 6 international organisations. The acronym BRICS comes from the initials of the group’s five founding members: Brazil, Russia, India, China and South Africa. In 2024, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates joined BRICS, which became BRICS+’BRICS PLUS’. By the time of the 16th Forum, some 30 countries – including Algeria, Bangladesh, Bahrain, Venezuela, Pakistan, Malaysia, Azerbaijan and Turkey – had applied for membership. The 10 BRICS + countries account for more than 46% of the world’s population, in fact about half considering their high population growth rate. By comparison, the G7 (US, Canada, UK, Germany, France, Italy, Japan) represent less than 10% of the world’s population. In 1992, the combined GDP of the G7 countries accounted for more than 45% of world GDP, while the combined GDP of the five countries that would later join the BRICS (in 2009-2011) accounted for 16%. By 2023, BRICS’ share exceeds 35%, while G7’s falls to 29%. The gap will continue to widen. By the end of 2024, the BRICS are expected to grow by 4% on average, higher than the G7’s 1.7%. The BRICS account for about a quarter of global merchandise exports and some dominate key markets such as energy resources, metals and food.

BRICS Declaration Reinforces Call for Multipolarity

By Abayomi Azikiwe Global Research, October 30, 2024 Theme: Global Economy A three-day gathering (October 22-24) held in the city of Kazan in the Russian Federation represented the 16th Annual Summit of Brazil, Russia, India, China and South Africa Plus (BRICS). At present there are nine governments that have officially joined the multilateral organization which are the five already mentioned along with the Islamic Republic of Iran, Egypt, Ethiopia and the United Arab Emirates (UAE). The Kingdom of Saudi Arabia has been approved for membership by the body although they have not formally accepted. Nonetheless, there was high-level representation from Riyadh in attendance in Kazan led by Foreign Minister Prince Faisal bin Farhan. The Final Declaration of the BRICS Summit held under the theme: “Strengthening Multilateralism for Just Global Development and Security” covered 32 pages encompassing 134 points of agreement. Much of the focus in the document revolves around the desire for the democratization of international trade and the dissolution of punitive and coercive measures including sanctions and economic blockades. (See this)

The Next Chapter Begins for BRICS+ and Africa in Emerging Multipolar World

Oct 25, 2024 The 16th BRICS+ summit in Kazan, capital of Tatarstan, with Egypt and Ethiopia participating for the first time, has opened a distinctive chapter for Africa, particularly to seize emerging opportunities for driving further economic growth, sustainable development and regional collaboration. BRICS+ (Brazil, Russia, India, China and South Africa) has witnessed the two the second wave of enlargement after South Africa joined in 2010. BRICS+ has also undergone structural and organizational changes, and now being described as non-western association, its primary goals to enhance economic integration with key emerging nations, fostering trade, investment, development, security, and cooperation among leading emerging market economies.

 Emerging Multipolar World

Oct 23, 2024