BRICS: 5 Countries Shaking Things Up

BRICS is an acronym representing five major emerging economies: Brazil, Russia, India, China, and South Africa. It originated as a marketing concept by Goldman Sachs in 2002 but became formalized at a United Nations meeting in 2006. BRICS leaders and officials gather annually to discuss common interests and bilateral matters. They recognized their collective power, leading to a formal summit in 2009. This group has since evolved, creating various subgroups and holding regular meetings to address economic and geopolitical issues.

Watch more of this short video from Jim Rickards: Western Economies About To Slam Into A BRICS Wall?

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