BRIC - the new emerging world superpower

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March 14, 2012

SouthAmerica: Last Saturday evening the Brazilian Vice-President Michel Temer participated on a Latin American Conference at MIT (Massachusetts Institute of Technology, in Cambridge, Massachusetts, USA.

The article said: ”Na conferência do MIT, o vice-presidente sugeriu que outros países latino-americanos podem entrar no grupo dos Brics (que reúne Brasil, Rússia, Índia, China e África do Sul). "O Bric não é um grupo fechado." “

Translation:

The article said: “At the MIT conference, the vice president suggested that other Latin American countries may join the group BRIC (comprising Brazil, Russia, India, China and South Africa). "BRIC is not a closed group.""

That means that when the new “BRIC'S Bank” including Brazil, Russia, India, China and South Africa is formed and is running – their door it will be open to accept other new members from South America.


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A Folha de Sao Paulo (Brazil) – March 11, 2012
"Temer diz que 'patrocina acomodação' entre PT e PMDB"
http://www1.folha.uol.com.br/poder/1060260-temer-diz-que-patrocina-acomodacao-entre-pt-e-pmdb.shtml

O vice-presidente Michel Temer negou que haja uma rebelião na base aliada do governo no Congresso e afirmou que patrocina a acomodação entre o PT e o PMDB.

"A relação vai bem. Não há coisa grave. Há queixas naturais, uma ou outra, que vão sendo acomodadas. Eu patrocino muito essa acomodação", disse o peemedebista à Folha.

Ele participou no sábado à noite da Conferência Latino Americana do MIT (Instituto de Tecnologia de Massachusetts), em Cambridge.

O vice-presidente afirmou que pacificou membros do partido que reclamavam da primazia do PT na gestão do governo --52 dos 76 deputados do PMDB participaram de um manifesto. "Cumpri minha função governamental", afirmou.

"Eu digo a eles: vocês são governo, porque eu sou vice-presidente.

Acho que isso tem colaborado muito para pacificar as relações."
Entre as insatisfações do PMDB estão a concorrência com o PT nas eleições municipais e a distribuição de cargos no governo da presidente Dilma Rousseff.

Temer argumenta que a resolução das divergências tem avançado.

"Basta dizer que ao longo desse um ano e dois meses o PMDB nunca votou contra o governo. E sempre deu o maior percentual de votos. Fruto do quê? Fruto do fato de sermos governo. De eu estar sentado lá naquela cadeira."

AMÉRICA LATINA

Na conferência do MIT, o vice-presidente sugeriu que outros países latino-americanos podem entrar no grupo dos Brics (que reúne Brasil, Rússia, Índia, China e África do Sul). "O Bric não é um grupo fechado."

Também propôs que a integração latino-americano seja expresssa na Constituição dos países.

"[Nesta conferência destaco a proposta que fiz] que os países da América Latina coloquem na sua ordem normativa aquele artigo que está na Constituição Brasileira [sobre a integração latino-americana]. Aí em vez de ser um desejo passa a ser uma imposição legal. Seria um grande avanço."



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Land Area:

South America: 17,840,000 km2

Russia: 16,377,742 km2

China: 9,569,901 km2

India: 2,973,193 km2

South Africa: 1,214,470 km2

Potential new BRICS bank land area: 47,975,306 km2


Note: There is a lot of natural resources available on this block of countries.

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March 29, 2012

SouthAmerica: The Brics will be responsible for 50 percent of the global growth in GDP in the next 8 years.


BRICS to change world economy – March 28, 2012

<iframe width="420" height="315" src="http://www.youtube.com/embed/wmS11HnNbk0" frameborder="0" allowfullscreen></iframe>


The BRICS countries' leaders are preparing for their annual meeting. These countries make up 42 percent of the world's population and a quarter of its landmass. They are also responsible for 20 percent of the Global GDP and own a whopping 75 percent of the foreign reserve worldwide.

The Brics will be responsible for 50 percent of the global growth in GDP in the next 8 years.

In these tough times for world economics these countries are trying to find a solution for the situation. RT's Priya Sridhar gives us a sneak peak of the summit from India


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March 29, 2012

BRICS Summit: Emerging World Powers Aim to Boost Trade, Set Up Development Bank
http://www.ibtimes.com/articles/321070/20120329/brics-2012-focus-trade-joint-bank-relevant.htm

Leaders of the top five emerging world powerhouses, Brazil, Russia, India, China and South Africa (BRICS), will kick off a two-day summit in the Indian capital today, eyeing increased trade cooperation and seeking common ground on the plan to set up a development bank.

...The BRICS: It has an estimated US$4 trillion in combined foreign reserves.


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Your reasoning is stupid and dishonest. First you include all of SA in the BRICs land area instead of just Brazil, then you make some sort of hemisphere, resource, and population mumbo jumbo ignoring the fact that most of the BRICs land area is in the northern hemisphere and contains very overpopulated countries like China and India.

I hope you don't consider yourself some sort of expert.
 
Quote from Mav88:

Your reasoning is stupid and dishonest. First you include all of SA in the BRICs land area instead of just Brazil, then you make some sort of hemisphere, resource, and population mumbo jumbo ignoring the fact that most of the BRICs land area is in the northern hemisphere and contains very overpopulated countries like China and India.

I hope you don't consider yourself some sort of expert.
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March 29, 2012

SouthAmerica: I can see that you did not grasp that I posted an article reporting what the vice president of Brazil said during a recent seminar at the MIT here in the old USA. When Brazilian Vice-President Michel Temer participated on a Latin American Conference at MIT (Massachusetts Institute of Technology, in Cambridge, Massachusetts.

Mr. Temer is the one who said on that seminar that the door will be open at the new BRICS Development Bank for the other countries from South America.

Anyway, Brazil includes half of the land in South America.

You forgot to mention that the BRICS also includes Russia the largest country in the world with a very small population for its size.

It seems to me that you are the one who is being stupid and dishonest with your comments.

And so what that Russia is also located in the northern hemisphere.

What counts is that the Brics will be responsible for 50 percent of global GDP growth in the next 8 years.

And today the BRICS have an estimated US$4 trillion in combined foreign currency reserves.

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March 30, 2012

SouthAmerica: This is the kind of information that the US mainstream media is not aware that is happening right now in other areas of the world.

The US mainstream media is clueless, and if they don't report it, maybe this subject will go away like magic.


Brave New Bank? BRICS moot dropping dollar, IMF – March 29, 2012

<iframe width="420" height="315" src="http://www.youtube.com/embed/2vg9qvYwQHg" frameborder="0" allowfullscreen></iframe>


The BRICS summit has wrapped up in India. Creating an alternative global lender and stepping away from the dollar as a reserve currency were among their main objectives. RT's Priya Sridhar is in New Delhi.

Earlier RT spoke to Dr Sreeram Chaulia, who is a Vice Dean at the Jindal School of International Affairs. He believes institutions like the IMF and the World Bank have outlived their uselfulness.


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PS: The US mainstream media is about entertainment such as the white fellow who killed the black kid the other day.

That is the most import news today in the United States, and they are going to beat this story to death for a long time.

The United States government is in denial anyway - the World Bank, and the IMF are in the process of becoming completely obsolete organizations overnight, and the devastating consequences to the future of the US dollar as the main world foreign reserve currency.

No, this is not happening, let's go back to the story of the white fellow who killed the black kid since that subject makes for a better conversation piece than the US dollar is becoming an obsolete world currency.

What most Americans know about the US dollar anyway, when they pay most of their bills with "Master Card" and "Visa"?

Anyway, they don't care about what happens to the US dollar as long as they can continue using their plastic such as "Master Card", "Visa", and even "American Express".

Who needs the US dollar when you can pay for most things with plastic?



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Anyway, Brazil includes half of the land in South America.
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anyway, you exaggerated for dramatic effect and were wrong

You forgot to mention that the BRICS also includes Russia the largest country in the world with a very small population for its size.

It seems to me that you are the one who is being stupid and dishonest with your comments.
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You forgot to mention that China and India have about 2 billion people, you forgot to mention Auatralia and Canada which even fewer people per square mile than russia. I however am not the one trying to prove something here, you are, therefore your stupidity and dishonesty are important

And so what that Russia is also located in the northern hemisphere.
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Yeah- so what, so why the hell where you trying to make some issue about available land and resources in the southern hemisphere and now you say 'so what'?

Go back to Brazil dumbass
 
Quote from Mav88:

You forgot to mention that China and India have about 2 billion people, you forgot to mention Auatralia and Canada which even fewer people per square mile than russia. I however am not the one trying to prove something here, you are, therefore your stupidity and dishonesty are important

Go back to Brazil dumbass [/B]
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Mav88, since you are too stupid to figure it out by yourself I will give you a clue:

The fact that China, India, Russia, Brazil, and South Africa have a combined population of 3 billion people and they are considered emerging markets - it has something to do with the fact that - What counts is that the Brics will be responsible for 50 percent of global GDP growth in the next 8 years.

And today the BRICS have an estimated US$4 trillion in combined foreign currency reserves.

Canada and Australia also will prosper from the outstanding growth rate of the BRICS in the coming years, but the growth rate of the economy of these 2 countries are almost immaterial when compared with the economic activity generated by the BRICS economies in the coming 8 years.

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March 30, 2012

SouthAmerica: The BRICS are moving forward into the future - the new world of the 21st century with new institutions more in sync with the new world realities of the 21st century.

As institutions like the IMF and the World Bank have outlived their usefulness, and they become just dinosaurs of a time long gone.

The IMF and the World Bank might still be useful for old Europe and old United States as they all move into their very old age stage before their demise.


Brave New Bank? BRICS moot dropping dollar, IMF – March 29, 2012

<iframe width="420" height="315" src="http://www.youtube.com/embed/2vg9qvYwQHg" frameborder="0" allowfullscreen></iframe>


The BRICS summit has wrapped up in India. Creating an alternative global lender and stepping away from the dollar as a reserve currency were among their main objectives. RT's Priya Sridhar is in New Delhi.

Earlier RT spoke to Dr Sreeram Chaulia, who is a Vice Dean at the Jindal School of International Affairs. He believes institutions like the IMF and the World Bank have outlived their usefulness.

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Brazil (sideways since '09)
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China (sideways since '09)
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Russia (sideways since '09)
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India (sideways since '09)
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For the supposed growth countries, their markets sure didn't do much since late '09. I would think that the growth of a country would surely be reflected in their equity markets, no?
 
Quote from Covertibility:

For the supposed growth countries, their markets sure didn't do much since late '09. I would think that the growth of a country would surely be reflected in their equity markets, no? [/B]
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April 1, 2012

SouthAmerica: The Dow Jones Industrial Average has been going up since March 2009, based only on Ben Bernanke QE1, QE2, QE3,...QE?, and all kinds of other US government intervention.

The secret of inflating your equity markets based on nothing, is having a Federal Reserve manipulating the markets in every way they can - and creating liquidity from thin air - based on an imploding economy.

Everybody is aware that the US empire is crumbling, and spinning completely out of control; the US economy is imploding, and it's kept alive by massive US government intervention, and a central bank that is trying to inflate the house of cards as fast as they can to be able to keep the game going for another day, before the entire old and obsolete structure comes crashing like never before.

In 2012 the US economy is being transformed based in a new economy that the best they can create today are companies such as LinkedIn (an internet rolodex), Groupon (a company specialized in coupons for shopping), Zynga (is the world's leading provider of social game services), Pandora (Pandora is the personalized internet radio service that helps you find new music based on your old and current favorites), Yelp (reviews site, you can review your favorite restaurant and so on...), and don't forget the coming Facebook IPO (Facebook is a social utility that connects people with friends and others who work, study and live around them).

This is the best that the US economic system can muster these days – a nothing economy, an empty shell with nothing of substance, a make believe economic system based on nothing with a banking system creating massive amount of liquidity also based on thin air.


http://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average


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