OK. You may want to increase your information sources.
The Stansbury folks and other sellers of “what Wall Street doesn’t want you know” ‘newsletters’ peddle a crap load of assertions and half truths to compel investment decisions (or give you the heady feeling of being in on The SECRET).
The BRICS are just as real as the G-7 and G-20; the BRICS are also members of the latter group.
Here is some information from people that aren’t selling you their crap fund o’ d’day:
I am certain though that if its new information that doesn’t confirm your TRUTH, it will dismissed as woke-leftie fake news. Those bastards in India just lying to you left and right...
Where Government Sachs came in was an analyst that spotted these people getting together on an organized basis after we invaded Iraq. The BRICS fund(s) and strategy were developed in response to a reality, not a marketing ploy.
The G-7 and to a much smaller extent G-20 are actually important policy making bodies. BRICS hasn't done anything. It's a PR tool for varying reasons for its members, some of which is domestic politics. Its origin is very simple - about branding and selling mutual funds and government bonds to American investors.
The BRICS countries have made significant contributions to global poverty alleviation. Continued BRICS growth is critical for poverty reduction and decreasing international disparities. Through poverty alleviation and unwavering efforts to bridge inequities, BRICS has recently emerged as the voice of developing countries, or the global South, and has played an essential role in defending the rights of the developing countries of the world.
Brics will, imo, herald an incoming first turning.
And get us the neck out of this miserable fourth turning.