‘BRICS overtaking G7 in economic might – Bloomberg’
The rapid rise of the BRICS is transforming the global economy https://t.co/tIPH88zF8G
— Bloomberg Markets (@markets) November 9, 2023
The potential economic might of the BRICS alliance is getting more attention:
BRICS overtaking G7 in economic might – Bloomberg
November 12, 2023
The rapid rise of the BRICS is transforming the global economy, with the group’s share of world GDP in terms of purchasing power parity (PPP) set to rise well beyond of that of the Group of Seven (G7) major advanced economies, Bloomberg reported this week.
BRICS currently comprises Brazil, Russia, India, China, and South Africa, but the group will be joined in January by Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE.
The G7 club of industrialized and developed countries consists of the US, Canada, the UK, France, Italy, Germany, and Japan.
The report indicated that the expanded BRICS are already larger than the G7. In 2022 the bloc accounted for 36% of the global economy, versus 30% for the advanced economy group.
“Our forecasts suggest an expanding workforce and ample room for technological catch-up will boost the BRICS+ share to 45% by 2040, compared with 21% for G7 economies. In effect, BRICS+ and the G7 will have swapped places in relative size between 2001 and 2040,” Bloomberg wrote.
The outlet also pointed out that the expanded BRICS economic group will contain some of the world’s largest oil exporters, namely Saudi Arabia, Russia, UAE and Iran, as well as some of its biggest importers – China and India.
“If it [BRICS] succeeds in shifting some settlement of oil transactions toward other currencies, that could have a knock-on effect on the share of the dollar in international trade and global foreign exchange reserves,” the report added, noting that the BRICS members have been working actively to abandon the greenback in their trade. https://www.rt.com/business/586901-brics-economic-might-growth-g7/
Regarding the USA dollar (the “greenback” above), as I warned for years, there would be costs and unintended consequences of the USA weaponizing its dollar, along with its frequent use of sanctions.
This has been one of the reasons that the BRICS alliance has stayed together and grown.
That said, the BRICS nations do have issues as they tend to distrust one another. Plus there are border issues between China, Russia, and India.
Yet, the expression “the enemy of your enemy is your friend” is also in place here. The disdain for the USA by the BRICS members is one of the things that keeps them together.
Related to BRICS and the USA dollar, notice the following which is in my book Lost Tribes and Prophecies: What will happen to Australia, the British Isles, Canada, Europe, New Zealand and the United States of America?:
Those in Iran and some of the Arab lands, along with nations such as Brazil, China, and India have discussed plans for the removal of the dominance of the U.S.A. in global trade as well. The former (again current) President of Brazil, Luiz Inácio Lula da Silva, even claimed that eliminating the U.S. dollar’s reserve currency status was one of the reasons that the BRICS alliance (Brazil, Russia, India, China, and South Africa) was formed in the first place. [i] Others have noted that bypassing the USA dollar is still an object of BRICS—and officially BRICS nations “are currently working on setting up a new global reserve currency,”[ii] which may have gold-backing.[iii] The expansion of BRICS (which is in progress) may ultimately even hurt Australian trade as well as “severely weaken primacy of the US Dollar as an international currency.”[iv]
The Bible clearly warns against cheapening the money supply and encourages having money hold its value (Proverbs 25:4 Isaiah 1:25, Ezekiel 22:18-22). Debt is also warned against (Habakkuk 2:6-8). Yet policies enacted under the Obama, Trump, and Biden Administrations, following certain other administrations, have ignored these warnings.
[i] Escobar P. BRICS was created as a tool of attack: Lula. Asia Times, August 28, 2019
[ii] BRICS developing new global reserve currency – Putin. RT, June 22, 2022
[iii] Helms K. Economists Discuss Russia, China Potentially Developing Gold-Backed Currency. BRICS Information Portal, November 11, 2022
[iv]Hunter M. BRICS Is Becoming The Big Kid On The Block: Implications For Australia – Analysis. Eurasia Review, November 1, 2022
One day the US dollar will be toppled. But let me add that the Bible teaches that a coming European power will dominate the world (cf. Revelation 17-18).
Related to Europe, notice the following which is in my book Lost Tribes and Prophecies: What will happen to Australia, the British Isles, Canada, Europe, New Zealand and the United States of America?
The Bible tells of a coming time when Anglo-American dominance will be eliminated (Isaiah 17:3a; Jeremiah 30:7; Daniel 8:24-25, 11:39). A temporal ‘new world order’ is to come during the final times of the Gentiles, which is prophesied to arise (cf. Ezekiel 30:3; Luke 21:24; Revelation 11:2)—which will include “the worst of the Gentiles” to eliminate the Anglo-American world order as well as to eventually hit those of the other tribes of Israel (cf. Ezekiel 7:24).
Europe has a mix of peoples, traditions, and languages. Though there are people of Israelitish descent mixed in, most people in Europe are non-Israelites, scripturally often referred to as Gentiles. …
Anyway, the final King of the North is a European empire that a man, also called the Beast of the Sea will rule in the end times. He will unify Europe in a way that it has never been before (cf. Revelation 17:12-13).
While many have noticed that the European Union is not currently getting along that well even amongst its own member nations, the Bible specifically warns that the final European Beast power will be composed of parts that do not hold well together:
41 The feet you saw, part earthenware, part iron, are a kingdom which will be split in two, but which will retain something of the strength of iron, just as you saw the iron and the clay of the earthenware mixed together. 42 The feet were part iron, part potter’s clay: the kingdom will be partly strong and partly brittle. 43 And just as you saw the iron and the clay of the earthenware mixed together, so the two will be mixed together in human seed; but they will not hold together any more than iron will blend with clay. (Daniel 2:41-43).
But, the Bible shows that Europe will stay together for a time under the leader known as the King of the North (Daniel 11:40) and the “Beast of the Sea” (Revelation 13:1-10).
As far as European nations go, sometimes they were independent and at other times parts of alliances like the old ‘Holy Roman Empire’ and the Axis powers of World War II.
Europe will make trade deals with BRICS, beyond what they have already done.
The Bible teaches that the coming European Beast power, not BRICS, will dominate world trade, for a time.
But the Bible also points to nations, like those in BRICS, prospering with that trade.
Moves by the European and BRICS nations are going to push aside and eliminate the Anglo-American world order we have had for over 200 years.
The time for that to happen is getting closer.
Some items of possibly related interest may include:
Lost Tribes and Prophecies: What will happen to Australia, the British Isles, Canada, Europe, New Zealand and the United States of America? Where did those people come from? Can you totally rely on DNA? What about other peoples? Do you really know what will happen to Europe and the English-speaking peoples? What about Africa, Asia, South America, and the Islands? This free online book provides scriptural, scientific, historical references, and commentary to address those matters. Here are links to related sermons: Lost tribes, the Bible, and DNA; Lost tribes, prophecies, and identifications; 11 Tribes, 144,000, and Multitudes; Israel, Jeremiah, Tea Tephi, and British Royalty; Gentile European Beast; Royal Succession, Samaria, and Prophecies; Asia, Islands, Latin America, Africa, and Armageddon; When Will the End of the Age Come?; Rise of the Prophesied King of the North; Christian Persecution from the Beast; WWIII and the Coming New World Order; and Woes, WWIV, and the Good News of the Kingdom of God.
The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold and silver? Two videos of related interest may be: Germany, Gold, and the US Dollar and Silver, Science, and Scripture.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is are links to related videos: European history and the Bible and Can You Prove that the Beast to Come is European?
Could God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2031 or 2025 or? There is also a video titledWhen Does the 6000 Years End? 2031? 2035? Here is a link to the article in Spanish: ¿Tiene Dios un plan de 6,000 años?
Might the U.S.A. Be Gone by 2028? Could the USA be gone by the end of 2028 or earlier? There is a tradition attributed to the Hebrew prophet Elijah that humanity had 6,000 years to live before being replaced by God’s Kingdom. There are scriptures, writings in the Talmud, early Christian teachings that support this. Also, even certain Hindu writings support it. Here is a link to a related video: Is the USA prophesied to be destroyed by 2028? In Spanish: Seran los Estados Unidos Destruidos en el 2028?
When Will the Great Tribulation Begin? 2023, 2024, or 2025? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede la Gran Tribulación comenzar en el 2020 o 2021? ¿Es el Tiempo de los Gentiles? A related video is: Great Tribulation: 2026 or 2027? A shorter video is: Can the Great Tribulation start in 2022 or 2023? Notice also: Can Jesus return in 2023 or 2024? Here is a video in the Spanish language: Es El 2021 el año de La Gran Tribulación o el Grande Reseteo Financiero.
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