Ever since the BRICS (Brazil, Russia, India, China and South Africa) expressed their unison through the formation of a joint Development Bank – Durban, South Africa on 27 March 2013 – the Zionist-Anglo-Saxon caliphate attempted to divide them. The BRICS constitute some 45% of the world population and close to 30% of global GDP. The BRICS idea is to issue a joint alternative currency, fully detached from the US dollar and its greed economy. In the meantime a number of other countries would like to join the BRICS, including Argentina, Venezuela, Iran, Mongolia, Malaysia and others, which would result in about one third of the world’s economic output and half of the global inhabitants. This gives the BRICS a profile of strength surpassing that of the United States and Europe together. China alone is not only already the world’s largest economy, China is also dominating the Asian market of some 4.2 billion people, 60% of the world populations and a combined GDP of about US$ 20 trillion, equivalent to about US$ 25 trillion, when comparing purchasing power with the dollar based US economy of about US$ 17 trillion. Asia registered an average growth rate of almost 8% over the past few years, compared to that of the western world, hovering around 1%.
Tag: BRICS
First thing we do, let’s kill all the myths. The North Atlantic Treaty Organization is nothing but the Security Council of the Empire of Chaos. You don’t need to be a neo-Foucault hooked on Orwellian/Panopticon practices to admire the hyper-democratic”ring of steel” crossing average roads, parks and even ringing castle walls to “protect” dozens of NATO heads of state and ministers, 10,000 supporting characters and 2,000 journalists from the real world in Newport, Wales – and beyond. NATO’s summit in Wales also provides outgoing secretary-general Anders “Fogh of War” Rasmussen the chance to display his full attack dog repertoire. It’s as if he’s auditioning for a starring role in a remake of Tim Burton’s epic Mars Attacks! Fogh of War is all over the place, talking “pre-positioning of supplies, equipment” – euphemism for weapons; boosting bases and headquarters in host countries; and touting a 10,000-strong, rapid reaction “spearhead” force to respond to Russian “aggression” and deployable in a maximum of five days.
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ew gallery Visiting Chinese President Xi Jinping announced huge investments in hydroelectric power, shipbuilding, railways and a deal to help Argentina build its fourth nuclear plant. No total dollar figure was given. Xi has…
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Top of the agenda at the sixth summit of the BRICS developing nations beginning Tuesday is the founding of two multilateral financial institutions designed to erode the dominance of the World Bank and International Monetary Fund as arbiters of the global economic system. For Russia, the creation of a $100 billion BRICS development bank and a reserve currency fund worth another $100 billion is a political coup. Just as the West freezes Russia out of its own economic system as punishment for its politics in Ukraine, Russia is tying itself into the financial superstructure of the next generation of economic heavyweights: India, Brazil, China and South Africa. The World Bank and the IMF have come under criticism from the rapidly developing BRICS, who together account for 20 percent of global GDP and 40 percent of the world’s population. In their view, the two financial institutions are dominated by the rich nations of the G7 and attach stringent conditions to their lending that impinge on the economic sovereignty of its members
The headline news is that this Tuesday in Fortaleza, northeast Brazil, the BRICS group of emerging powers (Brazil, Russia, India, China, South Africa) fights the (Neoliberal) World (Dis)Order via a new development bank and a reserve fund set up to offset financial crises. The devil, of course, is in the details of how they’ll do it. It’s been a long and winding road since Yekaterinburg in 2009, at their first summit, up to the BRICS’s long-awaited counterpunch against the Bretton Woods consensus – the IMF and the World Bank – as well as the Japan-dominated (but largely responding to US priorities) Asian Development Bank (ADB). The BRICS Development Bank – with an initial US$50 billion in capital – will be not only BRICS-oriented, but invest in infrastructure projects and sustainable development on a global scale. The model is the Brazilian BNDES, which supports Brazilian companies investing across Latin America. In a few years, it will reach a financing capacity of up to $350 billion.
BRICS, South American leaders to hold talks Leaders of the BRICS group of emerging powers hold a summit Wednesday with South American presidents, bringing together nations seeking alternatives to US influence in the…
Leaders of the BRICS nations, from left, Russia’s President Vladimir Putin, India’s Prime Minister Narendra Modi, Brazil’s President Dilma Rousseff, China’s President Xi Jinping and South Africa’s President Jacob Zuma, pose for a group…