Is a new world economic order emerging? | Counting the Cost
Economic integration and globalisation, the free flow of trade, with the United States at the helm: that is the economic order the world has known for decades.
Today, the disintegration of the rules-based old world order is evident.
Countries are becoming more inward-looking, regulatory fences have been erected, the World Trade Organization is in limbo, nations are racing to build industries of the future and trade restrictions are increasingly being imposed.
The system that has governed the global economy since World War II is at a tipping point.
Who will shape the rules of the future? The US, China or BRICS?
33 Comments
Please invite professionals. The worst program I have ever seen
One brics country, Russia, has been receiving a lot of the currency of another brics country, India, lately for petrol exports. They specifically agreed to be paid in rupiahs and not dollars. Now Russia doesn't know what to do with all the rupiahs. So much for the dollar being replaced right away. It will probably take time and there will be a tipping point.
BRICS will never work… No one trusts China and at best it would be used as a system by criminal entities which china would allow to launder money from eco-terrorism, slave trading, prostitution, child labour etc that aren't allowed by the US system…
Same Decoy, Different Title
Either the USA or China,others will have to just follow one of them, It has to be seen how reliable is China based economy , trust issue will loom charge on the economic leadership change.
It is just wishful thinking. There is no currency to replace the dollar. Euro, yuan, yen, etc. won't work. Asset backed currencies as some suggest won't work either. We are stuck with the dollar as thr global currency because nothing else can take on yhe role.
There are no rules other than power over people greed and dark nefarious actions and manipulations
..when will this end? WHEN EVERYONE WAKES UP
Everybody in the comments section is wrong. I will tell you the truth.
The Earth is running out of resources.
It's perfect. Not good. But I mean perfect as in, who is going to believe me?
First, I could provide you with actual scientific evidence of the Earth's atmosphere getting smaller and more compressed. Don't believe me? Look at the data NOAA provides on their own website. The problem? NOBODY CARES! Why you ask? Again, nobody believes it because they DO NOT WANT to believe it. The atmosphere is, for a lack of a better word, "shrinking" or rather, diminishing, I guess is a better word. It's the same with water that's immediately drinkable and SAFE to drink without contaminants, as can be. On the flipside, the Earth is NOT overheating. It's cooling down. It's getting COLDER. Again, you can find all of the data on sites like NOAA and the EPA and so on. Even NASA has a small dedicated webpage that talks about this kind of stuff. Go to their sites if you don't believe me. Do the research yourself. Go to your local library.
Second, it's the perfect excuse to raise the prices on food, clothing, oil, air, water, and everything else.
They are all in cahoots to own everything even us.
They already do. They just won't hide nor will they admit it was planned.
Total domination. The 1% nuts at the very top love killing torture starvation and misery. Chaos and confusion their only tools in a vast network of lies
The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Lula: why don't we go back to barter? Putin: Why can't I invade my neighbors? That's the NWO these mentally challenged are seeking, and the only thing they will bring to their people is famine and disorder, like they did not long ago, or have the russians and chinese forgot empty store shelves from 30 years ago?
BRICS is a fake alliance. Because China and India are rivals and have territorial issues. Alliance is fake when two biggest countries do not trust each other. European Union is real alliance.
Meet the new boss, same as the old boss.
The Who
(the band)
Those who create and destroy empires never give up their power. They just hide in the created realities they dictate for humanity. The old world order has simply diversified their portfolio to look like a new world order. Old money is new money and debt (fiat currency) is king, in the land of the slaves.
Xi is full of sheet. This Marxist shift is all China.
Hallelujah 🙌🏻!!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻. I was owing a loan of $49,000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $11,000 and got my payout of $290,500 every month…God bless Mrs Susan jane Christy♥️
old world order is no order. We are all sick and tired of hegemonic America and west.
The Singaporean uncle Sam sounded so confusing to me 🤯🤯😵💫😵💫😵💫
22:30 If this is not cold war then what is? Oh my Singaporean uncle Sam
Since WW2 the world population has gone from 2.5 billion to 9 billion. A big part of this is the Pax Americana that, through American control of the seas allowed the transfer of fertilizers to feed more people, medicine to allow people to live longer, and trade to pay for it all.😊
The world changes so fast that this is already irrelevant. No Biden. Much turmoil globally
May Peace and LOVE be Upon ONE and ALL
You so called experts crack me up 🤣🤣🤣 You know nothing about human nature
War and economics experts suggest that if old systems are becoming to useless, then a new new system has to take over and replaced the destroy old systems..
Biden did it 😂😂
God is in control. Hes restructuring HIS creation. Again. Getting rid of excrement
This administration is putting many families in difficult situations. A lot of people are financially struggling to live, put a roof over their head and put food on the table. Things are getting worse these days, if you don't find means of multiplying your money you might wake up a day to realise you didn't plan well for yourself and family…
Call them for what they are: Autocratic Despots not some new southern rules-based economic block. They would be the first ones to flout any new world order
Shut off the West's Higher Education tap, the rest of the world would fall back into the stone age in a generation.
I've had visions of once great people scrounging for scraps
It is very scary
I’m from Brazil, living in U.S and we all know that the both presidents that spoke representing Brazil are very well known for corruption and really bad administration! I wouldn’t trust anything that they would support!
Living in US, I can see that difference between both countries and definitely would trust more on the dollar as the global currency!
Al jaljeera has a problem with everyone except their own terrorist state
😂 it will not work.
BRICS is not the answer to fundamental economic problems. BRICS increased trade share is driven largely by India now and China recently, but BRICS countries have their own fundamental economic problems, largely home made.
There are some economic fundamentals that are immutable. Foremost among those, government only has one source of income (the efforts of ot's citizens), and each $/€/¥/etc., can only ever be spent once.