Comments by "" (@badluck5647) on "Should We Be Worried About The BRICS?" video.

  1. ​ @Fireway12  The EU, Japan, and South Korea are big players on their own. India will make themselves a major player on the world stage if they don't get themselves stuck under the Chinese umbrella. If Modi was smart, then he would forget about Russia and try to join the G7.
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  2. Do the G7 next!
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  3. Russian trolls talk about BRICS as if it is some united front that is equal to the G7. It is ridiculous as their combined economy is made up mostly of China's economy, and it is hardly bigger than the US alone. Also, BRICS nations would prefer working economic relations with the US/EU over Russia. The animosity between China and India also can't be understated.
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  4. While China isn't truthful about their GDP, you don't seem to be using good faith numbers either.
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  5. ​ @angelcabeza6464  G7 is about 40% of the world's economy and they are more politically aligned than BRICS, so they actually achieve their goals.
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  6.  @TubersAndPotatoes  Manufacturing jobs never become more than manufacturing jobs. Service jobs have more have more vertical movement as employees gain skills and experience. This results in manufacturing industries having a ceiling when it comes to salaries, while services can vary based on the results the employee brings. China doesn't have a nearly as successful service industry as India as the Communists see little value in ideas over physical products.
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  7. Being bigger than Brexit UK isn't as impressive as you think.
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  8.  @dekippiesip  The EU operates a common market that all nations must take part in. This economic juggernaut is third only to China and the US. Meanwhile, Japan and South Korea together make more than 8% of global GDP.
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  9. If China ever stopped capital controls, then you will quickly see capital flight from China's weak financial system. The biggest benefactor would be the US dollar.
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  10. China would also need to sacrifice their export advantage by releasing their capital controls.
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  11. Sanctions say they can't use the dollar. That is the point.
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  12.  @Tabula_Rasa1  India might avoid the middle income trap, unlike Japan and China, because India already has a strong service industry with skills in English.
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  13. Legion of Doom
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  14. Keep dreaming
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  15. Gold backed currency is bad as some inflation encourages spending and investing over hoarding savings.
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  16.  @maximipe  If the issue is the currency is control by only one country, then the Euro is a better alternative than gold
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  17. How many non-ISIS Iraqis do you think miss Saddam?
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  18. ​ @KJ-tq3sm  Russia can't win. They don't have the will to fight, while the Ukrainians will never stop fighting.
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  19. India needs to get over being a colony a century ago and join the G7 with other other major democracies.
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  20. Brazil is kleptocracy now, much like Russia. Obviously, Lula doesn't like the West's Rule of Law platform.
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  21. Except no except the EU wants to be the world's reserve currency. China actively prevents demand for their currency through capital controls to keep its export advantage.
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  22. China doesn't have friends. Only vassals.
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  23. The G7, with Trump gone, seems to be on the same page, while BRICS just seems to be China and Russia pushing for the others to make empty promises.
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  24.  @yami6499  I was pointing out that India needs to avoid being under China's thumb. During the Cold War India avoided being a Soviet puppet, but the modern era India keeps aligning itself with nations beholden to China. G7 is dominated by the US as Trump was ignored during his time as president during these meetings. NATO is designed to not be dominated by America, and that is why Hungary and Turkey can veto Sweden's membership. India likes to join symbolic organizations like QUAD without any intention of taking action. Until India is willing to defend intentional democracy and sovereignty, there isn't really a place for them on the G7.
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  25.  @crypticTV  All of China's neighbors would disagree. If it wasn't for Chinese aggression, then South Pacific countries wouldn't be turning to the US to protect their Exclusive Economic Zones.
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  26.  @abishekraju4521  Having India join just for India to push for more ways to profit from Russia and China's war crimes and human right violations? No.
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  27. Also, China doesn't have friends. Only vassals. And India refuses to be a vassal again.
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  28.  @Pjimp137  The other G7 members' economy is as big as the US economy, while China's economy is more than twice the size of BRICS members. The G7 is also highly aligned with other major economies like the EU, South Korea, Australia, and Isreal. Meanwhile, Russia counts Belarus, Syria, Venezuela, and North Korea as their besties.
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  29. The West could care less about BRICS as Russia is a joke, China is the threat, and relations with Brazil, South Africa, and India aren't antagonistic.
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  30. *India is a good position for growth. *China is facing a demographic crisis and a housing bubble that will make the 2008 financial crisis look like a picnic. *Russia is doomed for countless reasons. *Brazil's Latin American populism will keep resulting in economic stagnation. *South Africa is just poor and corrupt.
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  31. They needed a S, but South Korea said no.
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  32.  @mna7308  At last measure, debt of all sorts – public and private and in all sectors of the economy — amounted to the equivalent of $51.9 trillion, almost three times the size of China’s economy as measured by the country’s gross domestic product.
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  33. Looks like Russia is already getting your country into economic trouble
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  34. Russia is the one bombing hospitals, power grids, and schools in Syria.
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  35. Countries that reject foreign investment will never be a developed country.
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