Push to Reshuffle World Order

Reuters reports BRICS Welcomes New Members in Push to Reshuffle World Order

The BRICS bloc of developing nations agreed on Thursday to admit Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates in a move aimed at accelerating its push to reshuffle a world order it sees as outdated.

The group's leaders left the door open to future enlargement, potentially paving the way for the admission of dozens more countries motivated by a desire to level a global playing field they consider rigged against them.

The entry of oil powers Saudi Arabia and UAE highlights their drift away from the United States' orbit and ambition to become global heavyweights in their own right.

Petrodollar Silliness

The entry of Saudi Arabia and UAE is not a result of those countries drifting away from the US on their own accord. Rather, the US became largely energy independent and has needed the Mideast less and less.