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Published: November 25, 2022

War in Ukraine caused an economic earthquake that is rippling across the West

By
lifesite

Fri Nov 25, 2022 – 12:22 pm EST

(LifeSiteNews) — The war in Ukraine is nine months old. It broke out in a world dominated by a self-assured West, led by a bruised but confident USA. That world no longer exists.

What has emerged is a sea change in global political power, alongside a slow-motion economic disaster which is still rippling through the West like an earthquake. Where once there was certainty, now there is doubt. Former allies and satellites such as Saudi Arabia and Argentina are realigning with the Chinese/Russian bloc known as BRICS, which is expanding beyond its founder members of Brazil, Russia, India, China and South Africa to absorb up to a dozen more states in the near future.

Proposed BRICS expansion. Source: https://www.silkroadbriefing.com/news/2022/11/09/the-new-candidate-countries-for-brics-expansion/

At present, BRICS controls much of the world’s mineral resources and manufacturing base. Should this expansion take place as expected, then the Chinese-led bloc will control almost two thirds of global gas reserves, with a combined GDP of 30% more than that of the USA.

It has been said that the cautious approach of Putin to the campaign, heavily criticised in Russia, has been steered to avoid

The remainder of this article is available in its entirety at LifeSite News

The views expressed in this news alert by the author do not directly represent that of The Christian Journal or its editors


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