4.7 • 640 Ratings
🗓️ 24 August 2023
⏱️ 10 minutes
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The BRICS leaders are meeting in South Africa and the world may never be the same. With multiple western allies considering joining the BRICS trading bloc, G7 countries (and the power they yield) could be gutted. At the most risk of losing influence is the US, and the opportunity for China to gain power has never been clearer. This is everything you need to know right now.
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0:00.0 | The geopolitical world as we know it is having a major change and that change is happening as we speak. |
0:18.7 | My name is Andrew Bustamante. I'm a former CIA intelligence officer. And what I'm talking about is the BRICS summit that's happening right now in Johannesburg, South Africa. Now, the BRICS nation have long been in competition with the G7 countries. The BRICS countries are a conglomerate of developing countries that include five primary countries, Brazil, Russia, |
0:39.3 | India, China, and South Africa. And they've been competing against the world leaders in economics, |
0:44.3 | the G7 countries. Those G7 countries, of course, include the US, Canada, the UK, Italy, Germany, |
0:51.3 | France, and Japan. What the global economy has been watching for about the last |
0:54.8 | 10 years is a slow decline in total GDP created by the G7 countries. A large part of that |
1:01.0 | comes because the G7 countries are growing at low numbers, but the cost and the expense of trying |
1:06.4 | to live in a G7 country increases at a larger rate than the overall GDP. What we've been seeing |
1:12.1 | with the BRICS countries is actually the opposite. Their GDP has been growing at a much higher |
1:16.2 | rate than the actual cost of living in those countries. So as a result, this year in 2023, |
1:21.7 | we actually saw where the G7 countries have created less GDP than the BRICS nations have created. |
1:28.8 | So what that means is that the BRICS nations are now the primary driver of global GDP. |
1:34.6 | And with that change from G7 GDP to BRICS nations GDP, |
1:39.5 | it means all the other countries out there who have been considering whether they want to align with the West or with the BRICS trading block are now in a position where they're moving towards aligning |
1:48.8 | themselves with the BRICS nations. Now some of those countries that are looking at joining BRICS are |
1:53.6 | actually close allies and long-term allies of the United States. And those countries include |
1:57.8 | places like Argentina, the United Arab Emirates, Saudi Arabia, and even Indonesia. |
2:02.6 | These are countries that have long been aligned with the United States and who have long kind of taken their orders from the G7. |
2:08.6 | And now they're considering actually prioritizing trade with the BRICS countries over prioritizing trade with the G7 countries. |
2:16.6 | Now that's not the only thing that's important |
2:18.2 | about this BRIC summit that's happening in South Africa. Another important thing to consider is that |
2:22.3 | Xi Jinping, the leader of China, is actually planning to come to that summit live, which would |
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