While the U.S. and Europe and Japan are dealing with Iraq, Afghanistan, Japan's quake and tsunami and nuclear meltdowns (or at least partial nuclear meltdowns at present), China, Brazil, Russia and India have raised their GDP collectively to 11 trillion dollars. There is a saying "money is power". There is another saying, "If you've got it flaunt it." I think the world is changing in ways no one is really ready for now.
Begin quote from page 20 of the Economy section of the latest Time Magazine of April 4th 2011:
With all the focus on Japan and the Middle East in recent weeks, an important economic milestone has gone relatively unnoticed: Brazil has surpassed France and the United Kingdom to become the world's Fifth largest economy, worth about 2.2 trillion dollars in 2010. Brazil is the second emerging market nation to join the top five. Last year China surpassed Japan to take the number 2 spot, right behind the U.S. The result of this hypergrowth is that Goldman Sachs is now predicting that the largest developing economies---Brazil, Russia, India and China (a.k.a. the BRICs) ---will overtake the G7 in size by 2018. That's much sooner than Goldman's original prediction of 2040, made just 10 years ago. end quote.
If one contemplates this it is just a sea change of new thoughts, actualities and downright serious changes to the world. No wonder, Obama just visited Brazil recently.
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