4.7 • 9.2K Ratings
🗓️ 29 July 2025
⏱️ 9 minutes
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0:00.0 | NPR |
0:02.0 | Earlier this month, 10 men in formal ware held hands by the shores of Rio de Janeiro. |
0:19.0 | Behind were plunging mountains and enormous white letters |
0:23.4 | spelling bricks, BRICS. These men were leaders and representatives of Brazil, Russia, India, China, |
0:30.7 | and South Africa, plus several other countries. They were there for the 2025 Bricks summit. |
0:36.1 | Yeah, Indian Prime Minister Modi was there. |
0:39.5 | Brazilian President Lula in a red tie looking very chival. |
0:42.8 | The summit produced lofty words, of course. |
0:47.4 | Nice words about global health and international law. |
0:50.6 | And stern words for Israel and the U.S. for their attacks on Iran and condemnation for Israel |
0:56.4 | over the war in Gaza. |
0:57.3 | Back in the U.S., President Trump was seething. |
1:00.8 | At a cabinet meeting, he threatened members with an additional 10% tariff. |
1:05.0 | Because bricks was set up to hurt us. |
1:07.5 | Bricks was set up to degenerate our dollar and take our dollar as the standard, take it off as the standard. |
1:15.3 | So was Bricks set up as an anti-American project to replace the dollar in global reserves? |
1:21.1 | Jim O'Neill says that's a misunderstanding. |
1:23.6 | To me now, it's just idiotically blatantly obvious. |
1:26.8 | How can you solve truly global issues if you don't have the countries that are driving global growth sitting at the table? |
1:39.0 | Jim is a British economist, and actually the guy who came up with the Brick's acronym back in 2001. But his original |
1:46.0 | vision has morphed into something quite different. This is the indicator from Planet Money. |
1:51.7 | I'm Adrienne Ma. And I'm Daryne Woods. They're on the show, The Brick House that Jim built, |
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