Post #24 is quite informative:
The India-based Megh Updates platform, one of the world’s largest online informational platforms in terms of views, has stated that BRICS countries have officially overtaken G7 in share of world PPP GDP, and that this trend can be expected to continue.
The BRICS currently include Brazil, Russia, India, China and South Africa, while the G7 includes Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, as well as the European Union.
The BRICS is also expanding – Bangladesh, Egypt and the UAE have all just joined the BRICS New Development Bank, with numerous other countries poised to do the same.
The current BRICS five now contribute 31.5% of global GDP, while the G7 share has fallen to 30%. The BRICS is expected to contribute over 50% of global GDP by 2030...
Mexico is on the verge of joining BRICS as well.
The economic collapse of the US is within months or a handful of years.
The BRICS can report what they want in order to get advantage in in trading, but, can anyone trust China’s reports or Russia’s? And, those other BRIC members are all third world countries, and likely looking for things that America is no longer willing to give.
Who do you trust more to be honest with their economic reports. China’s economy is getting worse by the day, and so is Russia’s third-world economy. Which countries are likely to experience more growth in the future: capitalism/free-market-based systems, or socialist no-growth/very-little growth systems? We know from history that, socialism has never worked. So, which side is the smart-money/smart-investors gonna go with?