posted on Sep, 3 2014 @ 06:03 PM
Together, BRICS represents over 25 percent of the world’s land, about 40 percent of the world’s population and about 17 percent of the world
economy (Los Angeles Research Group, July, 2014) as well as 50 percent of the world’s growth in GDP over the past 10 years, (Aljazeera America, 21
July 2014). BRICS‘ combined 2014 GDP ($10,971.6 trillion) is nearly that of the US ($14,657.8 trillion) and the EU ($16,282.2 trillion) and is
expected to surpass the combined US and EU GDP by 2020. (LARG, July, 2014).
International Monetary Fund (IMF) Managing Director Christine LaGarde, seems to be suggesting pooling together a basket of currencies; and, then
issuing SDR's, or Special Drawing Rights to participating nations, to replace the US dollar as the world's reserve currency.
So, in only 6 years, the BRIC's nations will have twice the GDP of the US or the EU. Vladimer Putin recently announced the end of the uni-polar
world. With the Empire shifting east, so rapidly, there is little wonder why Russia is being demonized these days. Will the West use the big stick,
to insure continued world hegemony over these developing nations? Or, will the tides turn in favor of the East, who will be able to afford their
own big stick?
Apparently, Donesk is now surrounded by the separatists. Putin suggested that the separatists, allow the Kiev army to lay down arms and go home. On
the other hand Kiev is said to have ordered their soldiers to fight unto the death. Will the West, go so far, as to keep the Empire afloat?
I am not sure of what the outcome will be, but my gut tells me that War is on the horizon, as power does not change hands so easily. Perhaps, the
BRIC's will capitulate; and, allow the status quo to survive? The fight is for control of the resources. The West would love to appoint a new CEO,
for Russia. Are nation states relevant anymore; or, are we actually witnessing a crack in the armor?