BRICS expanding into economic powerhouse: Petrodollar under threat

In its South Africa summit, BRICS invited six new members: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. The bloc now represents 37 of global GDP (PPP), 40 of global oil production, and roughly 1, 3rd of global gas production, challenging the US petrodollar system. Ben Norton analyzes the importance of the meeting. Related videos: BRICS debates mission at summit: Challenge West s G7 or be neutral : How a US debt trap in Argentina is fueling inflation, dollarization, far right: US pressures Saudi Arabia to sell oil in dollars, not Chinese yuan: Topics: 0:00 Introduction 3:21 Petrodollar under threat 7:51 BRICS+ makes up 40 of global oil production 9:00 BRICS+ makes up 1, 3rd of global gas production 10:48 BRICS massive economic weight 12:09 Will Argentina join 18:29 Dedollarization 20:46 SaudiIran peace 23: