DW.com

Predictions about the BRICS countries as the fastest growing economies haven't quite panned out. Instead, the alliance is now offering a diplomatic forum and development financing, outside of the Western mainstream.

The acronym began as a somewhat optimistic term to describe what were the world's fastest-growing economies at the time. But now the BRICS nations — Brazil, Russia, India, China, South Africa — are setting themselves up as an alternative to existing international financial and political forums.

"The founding myth of the emerging economies has faded," confirmed Günther Maihold, deputy director of the German Institute for International and Security Affairs, or SWP. "The BRICS countries are experiencing their geopolitical moment."

Brazil, Russia, India, China and South Africa are trying to position themselves as representatives of the Global South, providing "an alternative model to the G7."

The G7 is an "informal forum" of heads of state of the world's most advanced economies, founded in 1975. Germany, France, the United Kingdom, Italy, Japan, Canada and the US are members, as is the EU.

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•   BRICS Rising: The China-Russia Threat Is Real and Could Decimate Americans’ Finances
  One does not have to be an economist or financial advisor to recognize the massive threat to the U.S. economy posed by China and Russia. The leaders of the BRICS coalition have as their stated goal to replace the dominance of the U.S. Dollar in the world. If they can even partially accomplish this goal, they will disrupt the abilities of American businesses and citizens to thrive.

TheLibertyDaily.com

One does not have to be an economist or financial advisor to recognize the massive threat to the U.S. economy posed by China and Russia. The leaders of the BRICS coalition have as their stated goal to replace the dominance of the U.S. Dollar in the world. If they can even partially accomplish this goal, they will disrupt the abilities of American businesses and citizens to thrive.

If they can fully accomplish their goals, it would cause an economic collapse in the United States unlike anything we’ve seen.

The U.S. Dollar’s status as the world’s reserve currency and the Petrodollar have enabled us to accumulate a massive national debt without crumbling under the weight of it because the vast majority of other nations would crumble along with us. But if China, Russia, or a globalist coalition pulls the financial rug out from under us, we will fail.