US to Lose Its Ground Under BRICS Pressure / Sputnik International

US to Lose Its Ground Under BRICS Pressure / Sputnik International

“For me, the conflict has already been set,” he said. “The axis Moscow-Beijing-BRIC has won. The West had enough. In 1990 th, these countries accounted for about 25% of world economic output. Now, they represent 56% of world economic output, and account for 85% of world population. They control about 70% of the world’s foreign exchange reserves. They grow annually by an average of 4% — 5%. Since the United States has not been prepared to share the power worldwide, nor to build the emerging market sector on its own financial system, it lost.”

via US to Lose Its Ground Under BRICS Pressure / Sputnik International.

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