The addition of five new countries to the so-called BRICS group appears to be an unfortunate indication of Joe Biden’s feeble economic and diplomatic leadership, as well as the potential rise of CCP-controlled China as the world’s preeminent superpower.
Significant consequences ensue from the expansion, encompassing energy production and accessibility, in addition to the ongoing American sway over international affairs.
Bloomberg reported that Egypt, Ethiopia, Iran, Saudi Arabia, the United Arab Emirates, and Saudi Arabia are joining the multilateral trade organization.
As an alternative to the G7, the five founding members of BRICS—Brazil, Russia, India, China, and South Africa—formed the acronym BRICS.
Bloomberg noted that this expansion is significant because it connects “some of the planet’s largest energy producers with some of the biggest consumers among developing countries.”
CNN reports that “The expansion adds the muscle of major oil-producing Gulf economies to the body and comes as both Russia and China have bolstered their relationships with sanctions-hit Iran.”
Theoretically, the endgame could abandon the United States as an economic backwater. Furthermore, national security and economic security are intricately intertwined.
In a reversal of the decision made by his predecessor, Argentine President Javier Milei, a fiery pro-American libertarian adversary of socialism, declined the BRICS invitation.
It is believed that over thirty additional nations are merely waiting in the wings to form alliances with the BRICS.
It appears that these emerging market countries have reached the conclusion that forming an alliance with BRICS is a more financially advantageous course of action than aligning with the United States.
Additionally, the market union is significant for each of these nations because it could mitigate the impact of economic sanctions imposed by the United States during international conflicts. Given this perspective, it seems to establish the groundwork for increased collaboration among numerous adversaries of the United States.
CNN speculated that both China, the principal economic rival of the United States, and the Putin regime benefit significantly from the expansion.
More on this story via The Western Journal:
“China has been a key driver of its expansion as leader Xi Jinping pushes an alternative world order, forging closer partnerships with key global players from Russia to the Middle East and strengthening international bodies where Beijing holds sway. The expansion and continued interest from dozens more countries are also a boon for Russia, which has been shunned economically and diplomatically by the West following its invasion of Ukraine,” CNN explained. CONTINUE READING…