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Ah yes the infamous China-India axis of cooperation.

Ah yes, the long time allies Iran and Saudi Arabia.

BRICS should've expanded and recruit other countries such as Hungary, Indonesia, and Thailand so that makes them BRICSHIT.

What? Indonesia? Our President has denied that we have formally applied to join BRICS, as we are primarily interested in joining the OECD at the moment. Our finance and foreign ministries even stated that joining them would bring more burden than it's worth.

An alliance that includes India and China along with Suadi Arabia and Iran is a treaty written on toliet paper

That South Africa, a country currenlty on a rapid descent towards the level of Haiti, is part of this group is laughable.

The members of BRICS have nothing in common other than the fact they are all large economies that are not part of G7, so they simply created their own economic club. Other than that, they have nothing in common. Some have argued (mistakenly) that the existence of BRICS is somehow analogous to the existance of the Non-Aligned Movement (led by India) during the Cold War. But being non-aligned back then just meant resisting efforts to get sucked into the orbit of either Moscow or Washington, which was difficult for many developing countries that were becoming independent during the 1960s and 1970s. For instance, the former Portuguese colonies in Africa achieved independence in 1975 thanks in part to Soviet support. And so those countries became one-party states influenced by Moscow until the end of the Cold War when they transitioned toward democracy and liberalization.

Quote: "Our polish narrator is the greatest one."

The Ethiopian dam finished filling last year and had no impact on Egypt’s water situation. That conflict is over. Everyone made a huge deal out of it and actually it didn’t matter at all.

Ahhh, yesss... The famous Polish "inyvytyble". I'm so glad to hear a real voice, and not a studio voice actor

BRICS was never anything than a meme.

A snake pit of allied snakes is still, ultimately, a pit of snakes.

Brazil, India and South Africa are at best opportunistic not really western opposed and while Russia and China are aligned for now, just looking at a map you know they're gonna turn on each other the nanosecond they no longer need one another or worse even before that. Brics scares no one

Did BRICS ever do anything? Other than accepting new members.

AI, Robotics and 3D printing may shake the world's paradigm sooner than we think. All of a sudden having a large population may become a liability

BRICS in concept works, in reality it doesn’t. Too many cultural differences and India and China are hardly known for been co-operative.

It is a completely dysfunctional group of countries with very little in common. And who is the billionaire or investor that wants to put its money in a authoritarian country that does not abide by the rule-of-law? Even billionaires want to put their money in a safe place where the law protects their property. That place is in the west thanks to their solid institutions.

‘Global governance’ requires nations have to be willing to give consent to be governed. That’s a tall order, when several powerful nations have no intention to do so.

How in the absolute shit fuck do these videos get fewer than 1M views each? Let alone fewer than 200k??

Of the many issues ongoing, BRICS is of little concern. China and India are at each other throat. Saudi Arabia and Iran have longstanding issues. South Africa is a basket case, Brazil has serious issues and is isolated from the others. Russia is bleeding out in Ukraine in a hopeless stalemate. And finaly China is nearing demographic collapse. But other than these isssues, all is fine in BRICS.

Defenders of the oppressed? These countries are involved in the harshest repression of their own peoples within their boarders, and in one case the failed subjugation of a neighboring country. This 'alliance' is just like any other - self-interested and temporary. SA and Iran alone are two of the most repressive regimes. Sadly the US still counts SA as an ally. Maybe that will change in my lifetime. Right now it's all about energy.

One of these days BRICS will actually do something. They've been preparing for 23 years so any day now.

Argentina initially joined to watch and veto Brazil, Ethiopia joined to watch/veto Egypt, KSA & UAE to watch/veto Iran.

I appreciate the concluding remark about the global need for a fair and inclusive system. However, power dominates everything, and people will only listen to you if you have something valuable to offer. As the saying goes, money talks bullshit walks.

We have lived long enough to be the villain in these countries eyes but when they have enemies on their borders how they cry for our intervention

The entirety of BRICS consists of actors who all either hate each other or don't have any real connection beyond some mutual trade interests. To summarise: -China and Russia cooperate purely out of geo-strategic necessity, but would tear/nuke each other to pieces if the US wasn't there. -India and China's relationship is even more cancerous, and they have their troops engage in horrific melee border skirmishes every couple of months (with China usually being the one who starts those fights, and India finishing them). -Brazil is a barely cohesive mess that has always had astronomical potential, but will never reach it due to insurmountable political, geographical and social issues. -South Africa is quickly on its way to becoming Haiti 2.0: Electric Boogaloo, being run by slime who are so stupidly corrupt they actively brag about it on live television. -SA, Brazil and India are definitely more pro-Western in terms of the level of freedom, legal systems and the structure of the societies themselves, putting them almost completely at odds with Russia and China's brutal authoritarianism and censorship -Russia shits the bed whenever the oil price goes a bit wonky, and has virtually zero soft political power, relying on its shambolic military to maintain relevancy. The current kerfuffle in Ukraine is not helping matters. -China is dealing with a whole host of awful economic and social issues at home, which is leading them to act very petulantly on the global political stage, but also at home. -All the other countries who want to join or have joined are either weakly third-world banana republic entities or nations who also absolutely hate each others' guts.

India and Russia have tentions with China. All this talk about BRICS will not amount to much in any meaningful way

The “ dethronment of the dollar “ is one of those things that’s widely overstated. US became the economic hegemon in 1890. Dollar didn’t become king until after 1945. Why do people think dropping the dollar would actually weaken the US ?

"Ladran, Sancho, señal que cabalgamos" "The dogs bark Sancho, it is a sign that we're moving forward" -Don Quijote de la Mancha

Your proposal is the long expected materialization of the initiative for democracies that so far has failed to materialize into practical means for a democratic rules based order to provide better living standards.

Europeans are uniquely skilled and experienced with regional and global politics and organization and have never been afraid to enforce and sustain it. China has almost no experience in this area. Most other people within the human race have almost no experience in this area maybe aside the mid-east but it's not on the level of the Europeans and Americans. Usually a pact or an organization is entered with a clear purpose and a structure in mind and most importantly greased wheels and cooperation already established among the parties involved with the benefits and potential clearly defined as well as the risks. These other power centers have a long way to go, and they're in fact using many European style methods to achieve this, but they clearly don't have the confidence nor the ability to actually get this thing off the ground in a way that seriously threatens what the west has established.. because what the west has established is far far more vast than many of us even really know or understand.

RIP BRICS. Almost made it to modernity. Almost.

Ethiopia and Eygpt have huge debt to gdp

Great stuff, Mr Hubert Walas. You've got me thinking!

Thanks for another great video! And this voice suits perfect, better never change it!

Nothing like Hubert discussing geopolitics to settle into an enjoyable evening after work

is there any source that says Indonesia applied for BRICS membership?

I don't see how a video about BRICS can be interesting. They will never be a big thing

I like your videos and have been watching for quite a while now. One thing I've always thought you should add is a title card that actually says "The Twenties Report" to match your spoken intro. I've always felt like it's been missing each time you say it and the title card only shows your channel name. Maybe you could integrate this into your title card? Like: "The Twenties Report by Good Times Bad Times"

If brics is experimenting multi-lateralism, the fact that countries with conflicting interests are members is then a feature, not a defect, right?

I'd like hear why Israel violating international law in a much more blatant way, is not a condemnation of western alliances. if it's good enough to hold them together via the ineqitable us dollar it's good enough to hold brics together with oil and mass production. And I wouldn't make too much out of the language of democracy when what really matters more is the extent to which people are raised out of poverty. Let's compare usa to China hmmm.

Is there any indication that B, I, C, or S are actually ready to back China? I think each of those countries plus each of the expansion countries will pursue their own interests. That said, I think the developing economies can, will, and should push for reforms. This will lead to an easing of U.S./Western hegemony but not its fall.

Great material! Thank you!

LOL. They can go after it all they want. With the end of secure, cheap transoceanic shipping, it won’t matter.

BRICS was a catchy slogan nothing more. It doesn't have a unified currency among themselves. They hare not ideologically aligned. Countries who want to join are more than likely desperate.

Thanks for analysis. Membership of the RSA, of course, looks like a meme. But who knows, which resources has the country - for example. Lithium or something like this, you mentioned in the last video about Green Energy.

Still glad Hubert's back

accidentally played this "PROJECT: Trauma Team" over the video and sounded epic:)

Our Polish guy is back for good this time!

One must have to wonder if any of this was possible, why hasn't the US-led system that we call "western countries" (I hate that term... Japan, South Korea, Singapore, Taiwan etc aren't western) haven't created a common currency like BRICS supports advocate for. I mean the term BRIC itself was coined by an American economist at Goldman Sachs (not some random British lord), so why haven't we done it? That's a rhetorical question of course; it's because it's a very very dumb idea. Even blocs like the European Union, which has it's own enforceable constitution, legislature, and decades of integration *STILL* grapples with the concept of essentially exporting their monetary policy to a foreign capital.

Russia is at war, China is suffering from deflation, south africa isn't strong enough, India and brazil is playing both sides

How can you possibly change the rules of the strong rule the world though? What civilizations have ever willingly gave up dominance?

I have friends who are south african & they own 3 houses there an a house in the u.k , Really nice lads and i have a real laugh with them . They are leaving here soon & heading back , offered me a place stop and aid in setting up new again . I'm tempted take them up on the offer but always had a longing for a island life style thats still in the process of growing econamy wise , security wise .

Banger video, best GTBT in a while. So good! I'm not even referring to the usual voice stuff either, but the writing and analysis. No channel compares. BRICS is a two-phase con - first, pull everyone in on a promise of building a more equitable world order (that serves each member's national interests, coincidentally) - and then next, the trap slams shut with a centralized currency that lends China all the power in the group, permanently. It seems like the second half of this plan may never quite work - the members all know about it, and don't want to let it go that far. Sorry, Xi - everyone involved is looking out for themselves first, just like you. That's geopolitics, baby.

Only a fool can see a bright future for an alliance made of rivals.

5:11 how does using ppp miss the point..can you explain further? Cuz it seems that from other sources ppp is a better measure

Thank you for this video, I found two take aways especially interesting: 1) BRICS shows a glimpse of how China would rule the world, if it replaced the US - ie: same, but different, but still the same. The top nation that would work to break the cycle of top nations has not been found here either. 2) The US still has a window in which it could achieve such a mighty transformation of the global system, the global desire is there, the power is still there... Maybe instead of bowing out of globalisation quietly, there is some hope that a future leader could inspire the world by bowing the US out pre-emptively to the benefit of a genuinely empowered UN or other potential international rule setter, that could take steps to ending the international anarchy....

so good :)

The real problem with BRICs is that the most common currency traded between themselves and others is USD Russian Rupee cant be used outside of the group Chinese Yuan value is set by the Chinese Government Indian Rupee is ranked 15th and is not very liquid as India does not import many finished goods So the most likely common currency is the USD

the problem is that they have little in common and there is a lot of rivalry between them -- i.e. India and China.

Russia is still basically a developing country. Literally no one is afraid of Russian nukes 😂

10:40 "For decades leaders identified with global south have sought ways to dethrone US currency from its pedestal as the World's reserve currency" Ironically it was EU with Euro who came close to that result, with US dollar having 80% of global reserve currency share, and after Euro gained its power the US dollar got down to 60% and Euro 20%. So Euro became the seconds largest reserve currency, having the same share as all other currencies combined(if US$ is excluded)

There’s a reason everybody wants dollars because you know you can trade it anywhere you know the value of it and whether it’s Fiat currency or not it’s the world reserve currency Because everyone wants dollars😊

Another bang! Brought to you by HUBERT+ MAX

My favorite narrator is back!

The only one that matters is China. All of the others are only loosely connected or insignificant bit players

Brics is samsung, where apple is the US. It is the main competitor to the worlds hegemon, but being the main competitor doesn't say much in itself.

The British Sterling was replaced by the USD and off the Gold Backed . The BRICS currency can go back to Gold backed plus a digital currency for trade like a few Countries in the Caribbean are already doing with China digital currency exchange.

Being able to trade in yuan for China is a necessary de-risking of supply chains in case of a conflict with the US...

Chilling. I hope the start of this century will not be as bloody as the last.

The different between the g7 and the Bruce are.the g7 uses debt for their lifestyle but doesn't produce nothing of value while the brics have commodities.

What’s a shadow fleet?

If they could just manage to harmonize their monetary policy and achieve a currency union, it would seriously strengthen their economies and would make the US dollar less mandatory for reserve currency status. But there's no way a bunch of autocrats and dictators would ever allow any central bank outside of their control to decide how much money the can have.

The U. S. needs to accept applications for the Dollar or the Digital Dollar.

The thing is. America and europe are consumption based economies. The rest depend on exporting products to the west. The West is already building a manufacturing base in mexico. When the West decides to stop propping up china and the rest of them... Exporting countries depend on consumption based economies, not the other way around.

The geoplilitical issues between countries talked about is nothing as game changing as it is believed to be for even in the global west cracks md devides of varying degrees will gradually arise when more and more crisis befalls it and dismay and range if opinions probable to be formed increase. As for opposing US currency, its too deep ingrained to oppose it in a significant way and the opposition has just started, its too early to judge if something will come of it for the collective global south or not.

Nice

"Three" & "free" should not sound the same.

21:14 thats rich, since Javier is so authoritarian

When it comes to economics I wouldn't take Al Jazeera seriously they also said Javier's Milei's plan to dollarize would work when I said it wouldn't work

Did I understand correctly that the United States does not violate international law? Or is the meaning of the video something else?

BRICS don't have a whole lot in common with one another, except that they want to feel important and have more status, that's it. You can't tell me that India and China are gonna get along and play nicely.

Turkey trying to double dip lol

I don’t see Brazil ever seriously turning away from the Americas to consolidate with overseas powers. The US and Brazil have squabbles, but the Americas won’t allow themselves to get splintered

"Waiting for your orders Mr. President." "Hit the BRICS" "Bye"

“Lol” said the world, “lmao”

Ah yes who wants to trade in yuan or rubles or rupees or pesos lol are you guys serious rn 😂

‏‪17:41‬‏ When Ethiopia Will level up the water to dam, this will really bad for Egypt.

dictators vs the free ...kim jun un vs abraham lincoln

BRICKS is the brainchild of Goldmen Sachs!! Nuff said!!!!

This is the most lucid analysis of BRICS that I’ve ever seen.

Saying the global south wants to break away from a world of might makes right just seems blatantly wrong to me. Most of these countries are governed by this same idea intenally afterall. Cooperation with one side or the other globally is simply a means to consolidate power or expand influence in their neighborhood without accountability. (Ethiopia for example wants to expand into the horn and reach the sea as it brutally represses local upsrisings) Economically there is much to gain for developing economies in the forum on paper but few seem poised to take advantage of this. Because this access to support comes with a price. With all this access to oil, technology, raw resources and manpower why have so few states within the forum actually seen the benefits to a large degree? Because these resources are to the benefit of india, china and Russia primarily. And given the chance most of these countries would rather decentralize the global order rather than replace it. South Africa, Ethiopia, India, China, Russia and Brazil off the top of my head seem well positioned to dominate their local regions if left to their devices. A multi polor world for some of these countries is one where they wish to carve their own spheres of influence partly by hedging powers against eachother.

26:45 wtf, train-tracks through the,,, actually on the,,, no wait, it's actually the whole street itself of a residential area! Damn that's an inconsiderate, and arguably outright hostile infrastructure design/layout,, whomever greenlit this, clearly didn't have much love for the people living there

We're already putting up with countries violating international laws. You seem to not like the fact that it's not the US that would be in control, but Asia.

Can the USA join BRICS?

I see dangerous time for the world

I will be honest, BRICS only seems to be held togetger by their dislike for USA and EU. If they disappeared BRICS is more likely to fall apart than be united. Moreover what exactly is it trying to do right now? Become something like EU or ASEAN or does it have other goals?

These countries has nothing in common. Their political and economical situation is completely different and heading to different directions. Different cultures, different traditions. They couldn't be much further away from one another.

A basket of snakes😂 lol. It reminds us of the 1939----1941 "friendship " pact between Hitlerite Deutschland und Leninists of the USSR. We are giggling in Lithuania 😂😂😂