In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘BRICS(Brazil-Russia-India-China-South Africa)’

How Singapore, Astana and St Petersburg preview a new world order

Posted by seumasach on June 6, 2018

Mahbubani states the obvious: “The era of Western domination is coming to an end.” Western elites, he adds, “should lift their sights from their domestic civil wars and focus on the larger global challenges. Instead, they are, in various ways, accelerating their irrelevance and disintegration.”

Pepe Escobar

Asia Times

6th June, 2018

Ahead of the crucial Shanghai Cooperation Organization (SCO) summit in Qingdao this coming weekend, three other recent events have offered clues on how the new world order is coming about.

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China and India are trying to write a new page of the world economy

Posted by seumasach on May 3, 2018

 

“And then there are those 35,000 kilometers of highways and rail lines India wants to build over the next five years. Some India analysts are apparently wondering how to finance all that at an estimated cost equivalent to 3.4 percent of GDP.

That should be easy because the cost is just a little more than what China takes as a one-year trade surplus with India. So, China can recycle that money back to India to build modern infrastructure that would set the foundation for India’s sustainable, faster and balanced growth.”

Recycling the trade deficit as inward investment is a brilliant idea, a win/win idea and one which can be applied equally to other countries which habitually run a large trade deficit with China, most notably, the USA and the UK.

CNBC

4th April, 2018

Trust is an economic variable sounded like an echo swirling around Wuhan’s East Lake in China as President Xi Jinping was hosting last Friday and Saturday Indian Prime Minister Narendra Modi for an “informal,” “heart-to-heart” summit.

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BRICS countries mulling formation of single gold trade system

Posted by seumasach on November 26, 2017

TASS

24th November, 2017

BRICS countries are discussing the possibility of establishing a single gold trade system, First Deputy Chairman of Russia’s Central Bank Sergey Shvetsov said Friday.

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The real BRICS bombshell

Posted by seumasach on September 6, 2017

Pepe Escobar

Asia Times

5th September, 2017

The annual BRICS summit in Xiamen – where President Xi Jinping was once mayor – could not intervene in a more incandescent geopolitical context.

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BRICS countries strike fatal blow on US dollar supremacy

Posted by seumasach on August 5, 2017

Pravda

4th August, 2017

The United States has declared a war of sanctions on Russia and continues putting trade pressure on China. It is not ruled out that the USA will restrict supplies of steel products from China. In return, Moscow and Beijing intend to abolish the US dollar in mutual settlements within the scope of the BRICS organization. The move will mark the end of the era of the undivided financial domination of the United States of America in the world.

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Against all odds, BRICS nations get their act together

Posted by seumasach on August 5, 2017

Pepe Escobar

Asia Times

4th August, 2017

Despite the China-India border standoff, US economic warfare against Russia, and other woes, the five countries’ trade ministers concentrated on creating conditions for better cooperation.

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Why has Iran’s state oil company decided to dump the dollar?

Posted by seumasach on February 10, 2016

Sputnik

10th February, 2016

Tehran has taken revenge on Washington for years of US-driven economic warfare against Iran: the National Iranian Oil Company has announced that Iran will only accept payment in euros, not dollars, for its oil, F. William Engdahl notes, adding that Saddam Hussein had adopted a similar ‘petroeuro’ practice, prompting the US to invade Iraq.

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As the East creates, the West tries to destroy

Posted by seumasach on January 2, 2016

William Engdahl

New Eastern Outlook

28th December, 2016

I’m feeling more and more in recent months that, as difficult as it may be to believe, our world is moving away from seemingly endless wars. Make no mistake, we haven’t seen the end of wars at all. The dynamic and the war energy is changing, however. Not without a frenzy of self-conceit does the so-called Western World throw forks, china, pots, pans, rolling pins–anything it can get its bloody hands on–like a spoiled child throwing a gargantuan temper-tantrum. It tries to deny this reality over which it has less control by the second. The world is moving away from wars, from an, if-you-will, patriarchal psychosis of control–a matrix of fear, shame, guilt, rage, hate. What is beginning to emerge in what we in the West have egoistically termed the East, is construction, building new great projects to uplift a sector of mankind ignored for more that a thousand years. This transformative positive motion is what, if anything, will save our humankind from the mass death and destruction some in the West so devoutly wish for us.

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Time Is running out for Pax Americana’s apologists

Posted by seumasach on November 15, 2015

Oriental Review

11th November, 2015

The paradox of the current global crisis is that for the last five years, all relatively responsible and independent nations have made tremendous efforts to save the United States from the financial, economic, military, and political disaster that looms ahead. And this is all despite Washington’s equally systematic moves to destabilize the world order, rightly known as the Pax Americana.

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BRICS foreign ministers call for unblocking IMF reform

Posted by seumasach on October 1, 2015

TASS

30th September, 2015

MOSCOW, September 30. /TASS/. The foreign ministers of the BRICS group member-countries have called for unblocking the reform of the International Monetary Fund for the purpose of speeding up global economic development. Their meeting took place on the sidelines of the ongoing UN General Assembly session in New York.

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‘BRICS has no plans to form military, political alliance’

Posted by seumasach on July 9, 2015

The international monetary system itself depends a lot on the US dollar, or, to be precise, on the monetary and financial policy of the US authorities. The BRICS countries want to change this,” Putin said.

“In the year since the Durban Summit, we have managed to achieve significant progress in this direction. In the near future, we expect to finalise all the remaining issues and we will be able to use this Bank’s potential to realise major projects in our countries,” he said.
The Statesman

9th July, 2015

BRICS has no plans to form a military and political alliance, Russian President Vladimir Putin said on Wednesday, in an apparent effort to allay apprehensions of the West.

He, however, emphasised that the grouping of Brazil, Russia, India, China and South Africa, having “coinciding strategic interests”, wants to change the global monetary order which depends a lot on the US dollar.
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