BRICs Growing as Economic Powers

Now that BRICs are looked to as the economic growth engines of the short- and long term future, they're now sharing economic power which extends beyond the G-8. China itself will soon pass Japan as the second-largest economy in the world, behind only the U.S.

While the G-8 accounts for about 66 percent of the overall global GDP, when taking into account the G-20, they together makeup close to 85 percent of all global economic production.

What has changed economically from the past, is now the countries in the G-20 are more the drivers of economic recovery, versus the G-8, which used to be the main economic force in the world, and the engine of recovery.

Making up the G-20 members are Argentina, India, Australia, Canada, China, France, Germany, Indonesia, Italy, Japan, South Korea, Mexico, the U.K., Russia, Saudi Arabia, South Africa, Brazil, Turkey, the U.S. and the European Union.

BRIC Consumption will Lead Global Economic Recovery

Brics will lead economic recovery

The days of the American consumer leading the global economy are over, and the BRICs will lead the way going forward, and will lead the way out of the global recession.

Because of the growing middle classes in Brazil, Russia, India and China, they will lead the global consumption for many years into the future, and add the continuing strengthening in their currencies against the U.S. dollar and you can see how they'll account for close to half of the overall consumption in the world in 2010.

And with the foolishness of American regulators and the Federal Reserve refusing to stop their extraordinary and massive bailouts of banks and other industries, the U.S. dollar will continue to fall in strength for a long time to come.

When inflation comes about from the terrible policies of Ben Bernanke and his ilk, we'll see another uprising by the American people who don't quite understand the impact of what printing that much money will do to the greenback.

BRIC countries will be the beneficiaries of these policies, and will continue to strengthen their economies in comparison to the U.S. economy.

Brics will lead economic recovery

Brazil Becoming Major Energy Plays as it Discovers Another New Oil Field

Brazil Oil

Brazil's future continues to look bright in the energy sector, as another oil field discovery in the pre-salt region confirms the estimations of between 60 billion to 150 billion barrels of recoverable oil are waiting to be extracted.

The latest oil field discovery called Guara, is also the result of new techniques used which can now find oil under the covering salt on the ocean floor, which in the past wasn't able to be done. Up to 2 billion barrels of oil are estimated for the latest finding.

Brazil is now the leading energy producer in the region, as Hugo Chávez continues to decimate the Venezuelan economy through his socialist practices. Brazil emerging as the leading energy producer in the region is great news for all who live there, as well as everyone in the western hemisphere.

Another conclusion that could be made is this could undermine the peak oil theory, and contribute to the idea that there are still vast recoverable oil reserves yet to be tapped into around the world.

Brazil Oil