by Chris Black
FYI, BRICS is a Russian/Chinese competitor to NATO/EU/UN/WTO/etc.
The funny thing is that Turkey is a key NATO member, boasting the second-largest army in NATO, and a wannabe EU member, though Erdogan keeps getting shafted due to human rights abuse and general treacherous behaviour.
And now this:
Saudi Arabia, Turkey, and Egypt plan to join BRICS, and their potential membership bids could be discussed and answered at next year’s summit in South Africa, Purnima Anand, the president of the organization, told Russian media on Thursday.
“All these countries have shown their interest in joining [BRICS] and are preparing to apply for membership. I believe this is a good step, because expansion is always looked upon favorably; it will definitely bolster BRICS’ global influence,” she told Russian newspaper Izvestia.
The BRICS nations (Brazil, Russia, India, China, and South Africa) account for over 40% of the global population and nearly a quarter of the world’s GDP. The bloc’s stated purposes include promoting peace, security, development, and cooperation globally, and contributing to the development of humanity.
Anand said the issue of expansion was raised during this year’s BRICS summit, which took place in late June in Beijing.
The BRICS Forum president said she hopes the accession of Saudi Arabia, Turkey, and Egypt will not take much time, given that they “are already engaged in the process,” though doubts that all three will join the alliance at the same time.
“I hope that these countries will join the BRICS quite shortly, as all the representatives of core members are interested in expansion. So it will come very soon,” Anand added.
This is a big deal.
Just like Turkey, Saudi Arabia is not an irrelevant country, and both Saudis and Turks are currently spitting in the face of the empire.
The gravest threat to the US is that all of these various countries do a coup against the US dollar.
If they all start trading in their own currencies or some agreed upon third currency (like the digital yuan), then the US dollar is going to go into hyperinflation.
There is nothing else that can happen – the entire basis of the US economy is the fact that the dollar is the world reserve currency.