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BRICS is a reality - treat it as a joke at your own peril

While the G7 countries' combined GDP is around $15 trillion greater than the BRICS nations, with continued higher growth rates and the potential to add more members, BRICS looks likely to overtake the G7 in economic size within two decades

If Saudi Arabia joins BRICS - now that it is throwing the petrodollar shackles - it will throw some serious financial weight behind BRICS as well as weakening the US's financial footprint