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EverydaySpy Podcast
New World Order: BRICS Summit Threat | EMERGENCY Podcast
Aug 24, 2023
The podcast discusses the impact of the ongoing BRICS summit on the global economy, the potential introduction of a new currency by BRICS, the decline of US dominance and rise of Eastern powers, the uncertain future and competition between BRICS and G7 countries, and the potential transition from US dominance to Chinese world power.
10:20
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Quick takeaways
- The BRICS nations are becoming the primary drivers of global GDP, indicating a shift in economic power from the G7 countries to the BRICS nations.
- The BRICS Summit highlights the growing partnerships, increasing GDP, and financial strength of Eastern powers like China and Russia, showcasing an alternative to the West's dominant financial system.
Deep dives
BRICS Nations Surpassing G7 Countries in GDP
The BRICS nations, including Brazil, Russia, India, China, and South Africa, are experiencing higher GDP growth rates compared to the G7 countries. This shift in economic power indicates that the BRICS nations are becoming the primary drivers of global GDP. Consequently, many countries, including close US allies such as Argentina, the United Arab Emirates, Saudi Arabia, and Indonesia, are considering prioritizing trade with the BRICS nations over the G7 countries.
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