Posts Tagged ‘BRICS(Brazil-Russia-India-China-South Africa)’
Posted by seumasach on June 25, 2021
The intersection between the BRICS and Johnson’s D-10 or D-11 is fascinating. Do countries like South Korea, South Africa and Australia rally around a twilight project of the British Empire or strive ahead together to play leading role themselves in creating the 21st century global system
Ken Moak
Asia Times
25th June, 2021
The BRICS countries – Brazil, Russia, India, China and South Africa – could recover from the Covid-19 pandemic and its induced recession more quickly if India and Brazil work with China instead of fight it. In doing so, the BRICS could pull the world economy on an upward trajectory for a number of reasons.
One, the five countries’ economies are highly complementary. For example, Brazil, Russia and to some extent South Africa and India could guarantee the natural resources China needs to sustain its manufacturing prowess. China, for its part, has the capital, know-how and technology to invest in its fellow members’ infrastructures and help their industrialization, taking them to the next stages of development.
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Posted in Multipolar world | Tagged: Belt and Road Initiative, BRI, BRICS v. D-10, BRICS(Brazil-Russia-India-China-South Africa) | Leave a Comment »
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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Posted in Multipolar world | Tagged: Astana economic forum, BRICS(Brazil-Russia-India-China-South Africa), China’s CIPS (Cross-Border Interbank Payment System, Chinese soft power, End of empire, Eurasian Economic Union (EAEU), Kishore Mahbubani, St. Petersburg International Economic Forum (SPIEF) | Leave a Comment »
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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Posted in Multipolar world | Tagged: asian integration, Asian Investment Development Bank, BRICS(Brazil-Russia-India-China-South Africa), Chinese soft power, india -china partnership, recycling trade deficits | Leave a Comment »
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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Posted in Uncategorized | Tagged: BRICS gold-trading system, BRICS(Brazil-Russia-India-China-South Africa), decline of dollar, End of empire, new global financial system | Leave a Comment »
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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Posted in Multipolar world | Tagged: BRICS New Development Bank (NDB), BRICS(Brazil-Russia-India-China-South Africa), decline of dollar | Leave a Comment »
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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Posted in Uncategorized | Tagged: BRICS(Brazil-Russia-India-China-South Africa), dollar collapse, financial, SPFS (System for Transfer of Financial Messages) | Leave a Comment »
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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Posted in Multipolar world | Tagged: Brics, BRICS(Brazil-Russia-India-China-South Africa) | Leave a Comment »
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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Posted in Currency Wars | Tagged: BRICS(Brazil-Russia-India-China-South Africa), dollar collapse, End of empire | Leave a Comment »
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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Posted in Uncategorized | Tagged: BRICS(Brazil-Russia-India-China-South Africa), Chinese soft power, zhōngguó | Leave a Comment »
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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Posted in Global peace process | Tagged: BRICS(Brazil-Russia-India-China-South Africa), End of empire, global reset, new global financial architecture, Obama agenda, retreat from empire | Leave a Comment »
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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Posted in Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa), IMF reform | Leave a Comment »
In These New Times 