What went wrong?

What went wrong?

you are not contributing your share so you feel your team sucks

China carrying the team almost singlehandedly.

Wtf

What happened in 2009?

t. dumb leaf

5 corrupt nations banding together

The economic crisis if I'm not mistaken

You were born

surprisingly you can't group a bunch of nations together on economic prosperity alone and expect it to work
literally couldn't have picked 5 more different nations, the only thing they have in common is terrible corruption

The recession..

commodity boom ran out

Hello dumbfuck

BRIC was a term coined by a Goldman Sachs analyst in 2001.
It only became an organization in 2008-2010, and since then has created a policy bank, a liquidity provider, and an alternative to Western-dominated forums.

It never was and never has been an economic alliance. It is a political one in the international arena.

China and India are net commodity importers, but you are generally correct.

Uhm... this thing called WWII? Shocking

canadians had a huge real-estate and a speculation market that packaged garbage bonds and morgage that couldn't be sold individually

originally only federal agencies were problematic but due to aggressive purchases by toronto financial sector it became a disaster waiting to happen for everyone, when one of the banks decided to file because it was out of liquidity everything came crashing down including federal insurance bodies that were suppose to ensure these losses and domestic auto industry which borrowed heavily from canadian banks, this collapsing effect reverberated across the pond by next year job losses were happening across the board and eu nations started to be exposed as well due to lack of financial stability

and no it's not because the feds lowered their lending benchmark
they wouldn't do it if it weren't "financially independent"

it's all canada's fault

things happen when you have shit teammates

thats all about economy. ideologically, theres zero commonality. its failed from the beginning.

>69726832
Brazil and South Africa obviously, should've taken Argentina and Nigeria.

What explains Japan then?

>>>>>>>>economic prosperity

Our new president is unironically a US spy, said wikileaks

Y'all learned that the hard way

everything?

>what when wrong?
>india
>brasil
>china
>russia
>south africa
Joined shit with shit