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BRICS is an acronym used to describe the five major emerging economies in the world: Brazil, Russia, India, China, and South Africa.

The BRICS Foundation was established as a not for profit foundation to help support the growth of BRICS Nations and to help fast track the emergence of a BRICS currency with Fin Tech organisations such as BRICSTether as a much needed alternative currency to the USD

What is BRICS?

BRICS is an acronym used to describe the five major emerging economies in the world: Brazil, Russia, India, China, and South Africa. These countries are considered to be among the largest and fastest-growing economies in the world and have a significant impact on the global economy.

The idea of BRICS as a group was first introduced in 2001 by Goldman Sachs economist Jim O’Neill. Since then, BRICS has become a widely recognized term, and the five countries have established a formal organization known as the BRICS Summit to promote cooperation and coordination among the member states.

One of the key strengths of BRICS is the large and growing size of their economies. Combined, the five countries account for over 40% of the world’s population and around 24% of the global GDP. Additionally, these countries are projected to continue to grow at a fast pace in the coming years, which will further increase their economic influence.

Another important aspect of BRICS is the diversity of their economies. While all five countries are considered emerging economies, they have different economic structures and growth drivers. For example, China and India are characterized by large and rapidly growing consumer markets, while Russia and Brazil are rich in natural resources. South Africa is a combination of both, with a large consumer market and rich mineral resources. This diversity among the BRICS countries provides opportunities for cooperation and mutual benefit

The BRICS Plus.

The BRICS plus concept refers to the expansion of the BRICS group to include other developing economies. The idea behind BRICS plus is to bring together a larger group of countries that can collaborate and coordinate their efforts to address global economic and development challenges. The inclusion of other developing economies will not only enhance the collective bargaining power of BRICS but also help to build a more inclusive and balanced global economic order.

The concept of BRICS plus was first proposed by China in 2015 and has since been actively pursued by the five BRICS countries. It aims to expand the BRICS partnership to include a larger number of developing and emerging economies. This would help to create a more representative and inclusive platform for cooperation and provide a voice to a larger number of countries in shaping the global economic and development landscape.

The BRICS Plus initiative has been met with enthusiasm from many developing countries. The potential benefits of such an initiative include increased trade and investment flows and a more balanced distribution of global economic power. The inclusion of other developing economies in the BRICS partnership would also help to increase the representation of developing countries in international organizations, such as the International Monetary Fund (IMF) and the World Bank.

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How BRICS Can Recover and Grow The World Economy.

The BRICS countries – Brazil, Russia, India, China, and South Africa – are among the fastest-growing economies in the world, and they have the potential to play a significant role in helping the global economy to recover and grow. Here are some of the key ways in which the BRICS countries can help to boost the world economy, including increased trade and investment, greater international cooperation, and the development of new industries and technologies.

One of the key ways in which the BRICS countries can help to boost the world economy is by increasing trade and investment between the member countries. The BRICS countries represent over 40% of the world’s population and a combined GDP of over $18 trillion, making them a significant market for goods and services. By increasing trade and investment between the BRICS countries, it is possible to create new sources of economic growth, job creation, and development. This can help to reduce dependence on traditional markets and increase resilience to economic shocks.

Another way in which the BRICS countries can help to boost the world economy is by increasing international cooperation and coordination. The COVID-19 pandemic has highlighted the need for greater collaboration between countries to address global economic challenges, and the BRICS countries are well-positioned to play a leadership role in this regard. For example, the BRICS countries could work together to reduce trade barriers and create more open and transparent markets, which would help to create more stable and sustainable growth patterns. Additionally, the BRICS countries could work together to address global challenges, such as climate change, poverty, and inequality, which require a coordinated and sustained effort by governments and other stakeholders.

CHINA and BRICS slams US to Submission point | US Dependency yoke broken

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Rise of BRICS Currency.

The BRICS countries – Brazil, Russia, India, China, and South Africa – have a combined population of over 3 billion people and account for approximately 24% of the world’s total GDP. Given their economic influence, there is increasing interest in the potential of a BRICS currency as an alternative to the dominant global currencies, such as the US dollar and euro.

One of the key advantages of a BRICS currency is that it would promote greater economic integration among the member countries. By using a common currency, trade and investment flow between the BRICS countries would become easier and more efficient, which would lead to increased economic cooperation and interdependence. Additionally, a BRICS currency would provide a more stable and predictable exchange rate, which wouldreduce currency risk for businesses operating in the member countries.

Another advantage of a BRICS currency is that it would provide a more balanced and inclusive world monetary system. Currently, the US dollar and euro dominate global trade and finance, with the US dollar being used as the world’s primary reserve currency. The creation of a BRICS currency would help to reduce the dominant position of these currencies and provide a more balanced and diversified monetary system.

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We are pleased to announce that Azbit will add support for BRICS Tether (BRICST), a stablecoin pegged to the Chinese Yuan and designed to be an alternative to the USD and the USDT.

Deposits, trading and withdrawals will open at 6 PM (UTC) April 3, 2023.

Trading pair: BRICST/USDT, BRICST/ETH, BRICST/BTC.

📍“Our goal is to provide a stable, secure, and accessible digital currency that can be used worldwide for payments, investments, and savings. BRICST is designed to solve the problems of volatility and instability that have plagued the cryptocurrency market since its inception,” the team stated.

The stablecoin is pegged to the Chinese Yuan (1 BRICST = 7 Chinese Yuan) and offers 10% per annum. BRICS Tether is planned to eventually be backed by fiat, crypto, bonds, gold, silver and real estate.

Fyodor Lukyanov: Contrary to Western Claims, the BRICS Has an Ideology and Here’s What It Is

August 31, 2023 No Comments

Fyodor Lukyanov: Contrary to Western Claims, the BRICS Has an Ideology and Here’s What It Is By RT News The South Africa summit showed how the non-Western bloc will evolve over the coming years Speaking at the end of the BRICS summit in Johannesburg, last week, Russian Foreign Minister Sergey Lavrov reassured those wondering what the acronym would sound like after the addition of six new letters: “Everyone is in favour of keeping the name the same, it has already become a brand”. Whether he knew it or not, the diplomat had made an important point. The brand has taken on a life of its own, even though as an entity it no longer exists. It has given way to a new form. Continuing the metaphorical theme, we can say that the BRICS of the original model have transferred the franchise to another creation. Until this month, BRICS was a group with

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Expanded BRICS Will Make up Nearly 40% of Global Economy – Data

August 28, 2023 No Comments

Expanded BRICS Will Make up Nearly 40% of Global Economy – Data By RT News The bloc’s combined GDP already exceeds that of the G7, and the gap will widen further once six new members join next year. The addition of six new member states will propel the BRICS group of countries far ahead of its major rival, the G7, in economic terms, several Russian media outlets reported this week, citing calculations based on global data. BRICS currently consists of Brazil, Russia, India, China, and South Africa, but next January it will admit Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates. According to reports from the news outlets RBK and TASS, the combined gross domestic product (GDP) of the expanded BRICS in terms of purchasing power parity (PPP) will be roughly $65 trillion. This would see the bloc’s share of global GDP rise from the current 31.5%

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BRICS Expansion is a Step Closer to WW3: We’re Moving Into Very Dangerous Phase – Willem Middelkoop

August 28, 2023 No Comments

BRICS Expansion is a Step Closer to WW3: We’re Moving Into a Very Dangerous Phase – Willem Middelkoop By Kitco NEWS Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Willem Middelkoop, Founder and CIO of the Commodity Discovery Fund, who says the BRICS expansion is the next step in an economic war against the West and takes us a step closer to World War III. Middelkoop discusses the BRICS’ decision to extend formal invitations to six new members and the consequences for the U.S. and the dollar. He also raises the topic of an upcoming reset and the new monetary system centered around gold and commodities. Here’s what others had to say: @stephanie_beth I’m an American and so sick of my gov attitude and warmongering. I’m happy other countries have woken up, decided to move in this logical direction without having NATO stealing their money and threatening and/or

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BRICS will control 80% of the World’s Oil Production by Jan 1, 2024. Biden Loses Saudia Arabia

August 26, 2023 No Comments

BRICS Will Control 80% of the World’s Oil Production by Jan 1, 2024. Biden Loses Saudia Arabia By Citizen Watch Report New composition of BRICS will control 80% of world oil production With the addition of Saudi Arabia, the United Arab Emirates and Iran to the BRICS, the Union will be able to control the lion's share of the world's oil production. The same goes for the sharp GDP growth of the… pic.twitter.com/gqVkGbZ7Ic — Sprinter (@Sprinter99800) August 24, 2023 BRICS more than doubles number of members. The big announcement was expected; still now the big step has been taken. Argentina, Ethiopia, Egypt, Iran, Saudi Arabia, and the United Arab Emirates were welcomed as new members on Thursday. Wow! Biden lost Trump’s Saudi Arabia. pic.twitter.com/DsG6DoUR6b — Make Peace Now; alternative news (@AlternatNews) August 24, 2023 ???????????? The UAE, Saudi Arabia, Iran, Argentina, Egypt, and Ethiopia have received an official invitation to

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RIP Petrodollar

August 26, 2023 No Comments

RIP Petrodollar By Citizen Watch Report It would be difficult to overstate the importance of this. The world is changing so rapidly, it feels like no one is really capable of grasping it. Before the US launched this war against Russia, no one would have imagined that BRICS would be a serious competitor to the American system. Brics members have agreed to admit six more countries – Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates – to the bloc, strengthening the group as it faces a world order dominated by the United States and its Western allies.  In a press briefing attended by Brics leaders, South African President Cyril Ramaphosa, the current chair of Brics, said the six countries would become full members in 2024.  The leaders of the emerging economies said they were ready to explore opportunities in the use of local currencies.  Brics finance ministers and central

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BRICS Just Pulled The Trigger!

August 25, 2023 No Comments

BRICS Just Pulled The Trigger! By Sean Foo  The BRICS bank moves to challenge the global dollar system by issuing bonds in their local currencies. This move could start to trigger a wave of countries moving to break away from dollar-denominated debts. This is bad for the US bond market but great for emerging markets looking to grow faster and reduce risk from the established order. Here’s what you must know! Here’s what others had to say: @gloucesterjet1 There is no doubt in my mind that the time has come to knee capped the USD system that had held back the development of developing countries in Latin America, Africa and Asia. Cheers to BRICS for leading the way with the New Development Bank and its local currency bond initiatives! Add more members like Saudi Arabia and the rest of the developing world to strengthen BRICS with BRICS +! 🙂

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BRICSTether

BRICSTether is a new stablecoin to launch shortly, which is planned to eventually be weighted to a basic of BRIC Nations currencies, but initially 1 BRICST will be pegged to 7 Chinese Yuan. It will be asset backed in fiat,crypto,bonds,gold,silver and real estate.

It couldn’t launch soon enough for some, especially Russians and other nations being sanctioned or losing faith in the USD. Binance recently announced its no longer going to allow Russians to buy USDT, so BRICST is expected to fill the gap for Russians, but also many BRICSPlus nations, not to mention many that are concerned re the fall of the USD. As the world shifts away from the Us dominated unipolar world, a multipolar world will see a search for alternative currencies for settling international trades. It’s expected many non Western countries will seek to utilise BRICST to support its growth to ensure alternative cross border settlements can occur inexpensively, outside the USD

BRICST will list on a small number of exchanges to start with and expand as its ramps up its operations.

BRICSTXchange also is set to launch to be one of the main exchanges to handle BRICS transactions.

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