Have you ever wondered how countries with such vast natural resources can be so relatively poor? The reason BRICS ain’t shit isn’t because they don’t have resources. It’s because their governance structures are dysfunctional garbage.
Nobody in their right mind invests in Brazilian debt, Indian Debt, Chinese debt, etc.
Despite the trend going downward, there’s a reason that United States debt is the collateral for the global banking system. It’s going to take more than what these countries are capable of, and when push comes to shove, their currencies will break down before the US’ because ultimately the United States has enough farmland and enough fossil fuel deposits to be fully self reliant. The same can’t be said for any of the BRICS countries outside of Russia.