Comments by "dark room ambience" (@DarkRoomAmbience) on "Why Countries Of The ‘Global South’ Are Queuing Up To Join BRICS Amid The Russia-Ukraine War" video.

BRICS isnt an alliance, its not even a trading bloc. Its just an agreement for 4 countries to meet each other every year to discuss trade. They all have different economies, political systems, legal systems, social systems and cultures. Their common goals and purpose are all different. Some even are rivals. Its not an alliance
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@rohitdas5437 If Russia disappeared tomorrow, there would be a spike in oil prices for a week, then it would be back to normal. Nobody would even notice they even disappeared.
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@rohitdas5437 They did, Russia is the most sanctioned country in the world. More than Iran and NK
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@rohitdas5437 Why would a country that is less than $1.5 trillion, with a total global trade of $492.3 billion make any dent in the global economy of $104.2 trillion?
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@rohitdas5437 "Europe purchases Russian oil just in refined form from India" - The west does this to keep oil prices down. We want India to keep buying Russian oil at a discount, it means their profit margin is non-existent and the global oil price remains relatively low
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@rohitdas5437 We are in a global recession because we are increasing interest rates to reduce inflation. We need a recession to reduce inflation. Its part of the business cycle, its normal
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@satyamrathor3860 Im not sure why you mentioned Russia in that group, they only contribute $1.5T, to China's 20T thats nothing. Even to India's $4T GDP thats nothing.
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Im not sure what you are referring to. But all those countries trade with the west and the west is their biggest trading partners. The west is rich and buy their cheap products, minus Russia because it doesn't make anything of value. Having said that, BRICS isnt really a thing, its just a yearly meeting among those 4 countries to discuss trade, which never amounts to anything. Its intra-trade amongst each other is about 10% of their total trade, the other 90% comes from the west. I understand this is upsetting Vatnik, but unless BRICS start to have the same political, social, economic and legal systems, its not not a bloc or a grouping of economies, its a yearly meeting among 4 countries. I dont know why India are there, they should apply for membership to the G7.
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@Gerrard_Pike2008 Why are you obsessed with Ukraine man?
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@Gerrard_Pike2008 Because people are under the impression that they are a powerful economic entity.
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@varvik4992 Its not an alliance. Theres no constitution, theres no structure in place. It is a loose association of countries. If another country wants to join, what would that even mean? Would there be a vote? No, there wouldn't be a vote, because theres no structure in place to hold votes or to make decisions for that matter. This lack of formal structure has made it difficult to make progress on most issues, such as trade liberalization (which is the fundamental reason of its existence). BRICS is smoke and mirrors, its not a structure, theres no agreements that the countries need to ratify or sign. Its a nothing. Regarding 20% trade, im talking about intra-trade, trade among the BRICS nations with each other. It only accounts for 10% of their total trade, of which the other close to 90% is with western nations.
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