• cygnus@lemmy.ca
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      16 hours ago

      As I feel the need to say every time it’s mentioned, BRICS is made-up nonsense fabricated by Goldman Sachs to sell third-rate equities. Think about the relationship between the countries of “BRICS” and ask yourself if that sounds like an actual alliance.

      • gwilikers@lemmy.ml
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        8 hours ago

        This is intreresting. What is the connection between GS and BRICs? How does it help them sell equities?

        • eskimofry@lemm.ee
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          1 hour ago

          GS diversifying and playing both sides? Just a hunch. G7 has the west… whereas one could argue that the BRICS might evolve into an eastern bloc.

      • HobbitFoot @thelemmy.club
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        15 hours ago

        It has become a diplomatic talking shop similar to the G7. There has been pushes from some member states to make it more, including creating alternate financial systems, but it has been slow growing.

        • RestrictedAccount@lemmy.world
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          1 hour ago

          People care about the G7 because they have power and they sometimes agree on important things.

          Neither of those are true of the “BRICS”.

          • HobbitFoot @thelemmy.club
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            56 minutes ago

            China, India, and Brazil are all large countries with large economies, but I agree they don’t have a lot to agree on.

        • Dainterhawk999@lemmy.world
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          2 hours ago

          Turtalous growth because of the so many differences in political, economical, ideological between the participating countries which results in shitload of epic proportions

        • NOT_RICK@lemmy.world
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          13 hours ago

          Russia got all pissy with Kazakhstan just this week as a result of them not joining the BRICS

          • bobs_monkey@lemm.ee
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            12 hours ago

            Nothing like fomenting trust in a global financial transaction system by threatening potential user nations.

    • deus@lemmy.world
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      16 hours ago

      That doesn’t mean much. Iran and Saudi Arabia also are in it and they hate each other.

        • Dainterhawk999@lemmy.world
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          2 hours ago

          A lot more countries are being invitied to be a member of the intra fighting group known as BRICS.

          Putin bruh is forcing other countries by implementing sanctions in ways such as by not accepting bananas and apples… 🍌🍌🍌🍎🍎🍎

        • deus@lemmy.world
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          15 hours ago

          It was, indeed. The group has grown a lot since then but the original name has stuck.