The Rise of BRICS Nations: Is America Losing Its Economic Dominance?

"as of January 2025 bricks includes 10 different nations including Indonesia and their goal is to reduce their dependence on the United States dollar build their own political Alliance and have more influence on global trade"

"what we saw is in the last couple of years that the bricks Nation GDP number actually outpaced and grew bigger than the G7 Nations which means yes as of the last few years the brics Nations comprise themselves of a larger portion of the global GDP than the G7 Nations"

"the brics Nations make up around 40% of the global population versus the G7 Nations make up around 10% of the global population"

"what we'll see is that the brics Nations have a average growth rate of around 3.6% versus countries in the G7 Nations have an average economic growth rate of around 1%"

"in 2023 big headlines that countries namely bricks countries started or tried to start trading oil with currencies other than the dollar"

"JP Morgan Chase Bank published this article on their website towards the end of 2024 dollarization is the United States dollar losing its dominance"

"brics Nations have been buying up physical gold in order to help strengthen their currencies over the last couple of years"

"gold prices are breaking new record highs one of the reason for that is that central banks around the world have been ramping up their gold buying to strengthen their currencies potentially preparing themselves for any sort of economic trade War"

"over that same time period our national debt Grew From around $1 17.8 trillion to a little bit over $ 36.3 trillion that's an increase of around1 and 3% which means over the last decade we have seen our national debt levels in the United States grow almost twice as fast as our economy"

"Jerome Powell who is a chairman at the Federal Reserve Bank said that the United States government spending is going down an unsustainable path"

"Janet Yellen who's a treasury secretary in the United States says that now the government has to start taking quote Extraordinary Measures to avoid a potential debt default in the United States"