Changes

[[Algeria]], [[Indonesia]], [[Kazakhstan]], [[Bahrain]], [[Nigeria]], [[Senegal]], [[Thailand]], [[Nicaragua]], and [[Afghanistan]] have expressed interest in joining. Even the [[Vatican]] has sought membership as an observer.

[[Algeria]], [[Indonesia]], [[Kazakhstan]], [[Bahrain]], [[Nigeria]], [[Senegal]], [[Thailand]], [[Nicaragua]], and [[Afghanistan]] have expressed interest in joining. Even the [[Vatican]] has sought membership as an observer.

BRICS leaders are aligned as anti-[[corporatist]] and anti-[[fascist]], which simply means they want to make decisions themselves, and do not want [[multinational corporation]]s to become more powerful than the government.  The BRICS group are essentially the opposing element to the [[World Economic Forum]].  BRICS is working to devise measures to prevent the kind of predatory [[military]] assaults the [[U.S.]] carried out against [[Iraq]], [[Libya]], [[Somalia]], [[Yemen]] and [[Afghanistan]]. The BRICS group is essentially a group of nations that do not want corporations and multinational banks running their government. BRICS countries want their government running their government, whatever form of government that exists in their nation, even if it is [[communist]].  

BRICS leaders are aligned as anti-[[corporatist]] and anti-[[fascist]], which simply means they want to make decisions themselves, and do not want [[multinational corporation]]s to become more powerful than the government.  The BRICS group are essentially the opposing element to the [[World Economic Forum]].  BRICS is working to devise measures to prevent the kind of predatory [[military]] assaults the [[U.S.]] carried out against [[Iraq]], [[Libya]], [[Somalia]], [[Yemen]] and [[Afghanistan]]. The BRICS group is essentially a group of nations that do not want corporations and multinational banks running their government. BRICS countries want their government running their government, whatever form of government that exists in their nation, even if it is [[communist]]. Prime Minister [[Narendra Modi]] of [[India]] said "BRICS is not an anti-[[Western]] alliance; it is simply non-Western."

BRICS is not a [[free trade]] bloc, but members do coordinate on trade matters and have established a policy bank, the New Development Bank, (NDB) to coordinate infrastructure loans. That was set up in 2014 in order to provide alternative loan mechanisms from the [[IMF]] and [[World Bank]] structures, which the members had felt had become too US-centric. 132 nations had been calling on the [[United Nations]] for a new financial model, immediately saw hope in the BRICS alternative banking and financing initiatives which began to take shape in 2015. Within the first year, 57 countries formally joined the China-led Asian Infrastructure Investment Bank (AIIB), constituting the first total break from the [[Western alliance|Western]] [[Bretton Woods]] institutions which were felt to impose [[political]] reform policies designed to assist the [[United States]] in return for providing loans. There are many other non-members who enjoy limited banking privileges, including the [[UK]], [[France]], [[Germany]], [[Italy]], [[New Zealand]] and [[Australia]]. Both the NDB and AIIB banks are Triple A rated and capitalized at US$100 billion. The NDB bank shares are held equally by each of the five BRICS members.<ref>[http://www.thebricspost.com/china-india-russia-largest-shareholders-in-china-led-bank/ China, India, Russia largest shareholders in China-led bank], ''The BRICS Post'', June 29, 2015.</ref>

BRICS is not a [[free trade]] bloc, but members do coordinate on trade matters and have established a policy bank, the New Development Bank, (NDB) to coordinate infrastructure loans. That was set up in 2014 in order to provide alternative loan mechanisms from the [[IMF]] and [[World Bank]] structures, which the members had felt had become too US-centric. 132 nations had been calling on the [[United Nations]] for a new financial model, immediately saw hope in the BRICS alternative banking and financing initiatives which began to take shape in 2015. Within the first year, 57 countries formally joined the China-led Asian Infrastructure Investment Bank (AIIB), constituting the first total break from the [[Western alliance|Western]] [[Bretton Woods]] institutions which were felt to impose [[political]] reform policies designed to assist the [[United States]] in return for providing loans. There are many other non-members who enjoy limited banking privileges, including the [[UK]], [[France]], [[Germany]], [[Italy]], [[New Zealand]] and [[Australia]]. Both the NDB and AIIB banks are Triple A rated and capitalized at US$100 billion. The NDB bank shares are held equally by each of the five BRICS members.<ref>[http://www.thebricspost.com/china-india-russia-largest-shareholders-in-china-led-bank/ China, India, Russia largest shareholders in China-led bank], ''The BRICS Post'', June 29, 2015.</ref>