Clem72
Well-Known Member
Are you telling me i'm inoffensive?
BRICS Economic Block
- Thread starter GURPS
- Start date
Clem72
Well-Known Member
They should have gone after Eritrea, probably could have got it for 40 million.
Well..it is a word that begins with "i"....
FedEx Founder, Chairman Issues Dire Warning About What BRIC Nations Are Plotting
Smith said during a recent speech that in order to avoid a catastrophic fiscal crisis, political leaders needed to recognize the extreme and unprecedented dangers that are facing the U.S. and that grand comprise would be needed to fix these problems.
When asked during the interview if he was seeing leaders step up to the plate to address the crisis, he responded: “No, quite the contrary.”
“The political process is really focused on the extremes of both parties,” he said. “No one is supporting trade, which made America great, really, since Roosevelt and his Secretary of State Hall, passed the first major trading bill in 1934. And then we led opening the world and restored Germany and Japan, our enemies, to prosperity through trade and the American Alliance system.”
“And then on top of that, our financial capabilities to print money at will is dependent on the dollar remaining the reserve currency,” he added. “And the so-called BRICS alliance — Brazil, Russia, India, and China — have set out on a deliberate course to dethrone the dollar. If that happens, and we can’t sell our bonds, I can assure you the living standards that we all enjoy today are going to be a thing of the past.”
In the latest disaster caused by the Biden Administration, late last week, the leader of the world’s largest communist country and the leader of the former largest communist empire signed an ‘only in 2024’ historic agreement. The Global Times ran the woefully underreported story, headlined “Xi, Putin hold talks, sign joint statement on deepening ties.” Nothing like this has ever happened in the lifetimes of anyone living, but don’t wait for corporate media to tell you about it. Thanks, Joe Biden. “I did that!”
On Thursday, President Putin, most of the Russian government’s top officials, and the country’s private industry CEO’s went to China for two days of meetings with President Xi and the various Russian officials’ Chinese counterparts.
Obviously, it was a massive sign of a deepening relationship between America’s two largest enemies.
Significantly, the two leaders also signed a carefully drafted, 8,000-word ‘joint statement.’ It was a record-setting development. Generally speaking, the joint statement was a positive, forward-looking blueprint for how Russia and China will work together to replace American hegemony with a multipolar world order.
In other words, this is exactly what Biden’s neocons are flirting with world war to avoid.
US foreign policy has long worked to keep Russia and China fighting with each other, so that they could never team up against the United States. That ‘divide and conquer’ approach has been largely successful since the 1950’s. But after only two years of Biden’s Proxy War and his draconian but unsuccessful sanctions policies, Biden has achieved what was formerly impossible: driving Russia right into China’s open arms.
Biden’s strategy has been so successful for China, in fact, that if I didn’t know better, I’d suspect Biden was secretly working for China.
Regardless, this historic rapprochement between the two long-time adversaries was a catastrophic failure of Biden’s pugilistic foreign policy, if you can call it a policy. To give you an idea, this development is arguably more problematic for neocon aspirations than the BRICS organization itself.
The good news is Joe Biden only has seven months left to go. The bad news is, Biden has seven months left.
☕️ PRESIDENTS AND UN-PRESIDENTS ☙ Monday, May 20, 2024 ☙ C&C NEWS 🦠
Trump trial resumes, big question looms; Iran loses its president in the mountains; Ukraine loses its president in 'democracy'; Russia-China deal shows Biden failure; La. charts biblical course; more.
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They should’ve done so 10 years ago. At least.
The historic BRICS Summit ended yesterday. Among other platforms, Business Insider ran its story headlined, “Putin has spent years championing the idea of de-dollarization — but a new reality is setting in.”
It turns out they aren’t creating a new currency to compete with the dollar. It’s much more ambitious than that.
How historic was this week’s Summit? On Wednesday, Bloomberg ran a story headlined, “IMF Sees Growth Shift Toward BRICS and Away From G-7 in New Outlook.” The G-7 has long been the world’s biggest and most influential economic alliance, composed of the United States, Japan, Germany, France, the UK, Italy, and, for some reason I will never understand, that economic powerhouse, Canada.
The “Group of Seven” used to be the world’s biggest economies. (Plus Canada.) Not anymore. Bloomberg said that in just the last six months, BRICS has surged ahead of the stumbling G-7 group in IMF forecasts:
Surpassing the G-7 is happening even without whatever the BRICS are doing with their collective financial system. But once that comes online, the G-7 will become even less relevant, and the BRICS even farther ahead.
This woeful result proceeds directly from Joe Biden’s hysterical, anti-Russia sanctions. In Putin’s own words, quoted by Business Insider, BRICS isn’t anti-dollar, but all the sanctioning by the (smaller) G-7 countries is pushing the larger BRICS economic group to necessarily develop some kind of alternative:
Yesteday BRICS released a comprehensive plan to which its members and applicant members agreed. BRICS is not, in fact, creating any new global currency. Instead, it’s creating an alternative international payments platform, for people buying and selling things across borders, or for when nations trade with each other (to buy weapons, grain, or oil, for three examples).
Right now, everyone must use a common payment settlement system called SWIFT. SWIFT is U.S. created and effectively controlled, even though it is ostensibly privately owned and supposedly located in Belgium. The thought that SWIFT is at all independent is a great gag that everyone at the State Department always guffaws about making them cough champagne up their noses.
For many countries, SWIFT has at least two huge problems. When I say the platform is effectively U.S.-controlled, you can imagine all the implications. Users’ data is supposed to be private, but for some reason everybody thinks the U.S. constantly snoops on where all the money is going to and coming from. (One possibility for why they think that is because Edward Snowden exposed it all in 2013, but I digress again.)
The second, even bigger problem is that the U.S. acts like the spoiled kid at his birthday party, refusing to let the kids he doesn’t like ride the rented pony. In other words, the U.S. forces countries to do things they hate, like teach their kids trans techniques, by threatening to cut them off from SWIFT, or snatching their money as it travels through the collected SWIFT system.
Russia, for example, is cut off from SWIFT under U.S. sanctions. And $300 billion of its money was seized while sitting in a SWIFT clearinghouse bank. The implacable Russians are great poker players, you can’t never tell if they’re at all mad about Biden snatching their $300 billion or exploding their undersea pipelines.
But you can imagine how mad the Russians must be.
The Russians are mad enough to spend their time and money leading a world movement to replace the G-7 and its captive SWIFT system. Which would be horrible for us.
Once BRICS has its own interbanking system, they won’t need to trade in dollars anymore, not unless they need something from the U.S. or from a G-7 country. For complicated reasons, the reduced demand for dollars just from those lost transfers will drastically worsen our debt problem. And maybe more important for BRICS countries, the U.S. won’t be able threaten sanctions to force them to swallow every lunatic social experiment that comes down the liberal U.S. pike.
The BRICS pitched their interbanking system yesterday as a non-threatening “alternative” to SWIFT, rather than any kind of direct competitor. Having choices, they stressed, just improves everyone’s outcomes. But that logic is like claiming that when you parked your taco truck right next to Jose’s taco truck, it is actually better for Jose’s taco trade since diners like different choices of tacos.
Jose is not likely to agree. Jose is likely to go loco.
BRICS is not yet ready to switch the new platform on. But this week’s Summit was so significant that many articles, while not drawing a direct comparison, mentioned “Bretton Woods.”
Bretton Woods was the famous (or infamous) 1945 meeting where the winning countries after World War II created the international banking system, the IMF, and the World Bank. Yesterday, BRICS argued that things have changed since 1945. It’s like the G-7 is a seasoned citizen still using an iPhone 7. You can’t install any new apps. The international monetary system needs an upgrade.
The U.S. could shut this BRICS initiative down easily and immediately. All we need to do is reform SWIFT. If the U.S. stopped using SWIFT to sanction other countries, and SWIFT opened up its system transparently, and the U.S. stopped using SWIFT for spying, then BRICS would be unnecessary.
And everyone would keep trading in dollars.
In other words, we could rescue the dollar. We only need to give up the ‘dirty tricks’ tool we use to force other countries to make their kids sit through drag queen happy hours. But Biden’s neocons won’t try that simple remedy, will they? They’ll let the dollar be destroyed before they give up their economic wonder weapon.
☕️ TRUMP’S OCTOBER SURPRISE ☙ Friday, October 25, 2024 ☙ C&C NEWS 🦠
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Cracks in the New 'Axis of Evil': China, Russia, North Korea, Iran
The Russia-North Korea-China relationship is not an equilateral triangle but an evolving alliance with conflicting interests, and reportedly beginning to show signs of fracture and lack of trust.
Now that North Korean troops have joined Russian forces in fighting a democratic country, Ukraine, the global ramifications of this East-West coalitional warfare have darkened. An alliance of aggressive dictatorships are directly confronting the free West.
Western intelligence agencies have reported that North Korea has deployed about 3,000 troops in the Kursk region of Russia, now occupied by Ukraine. North Korea has reportedly dispatched an additional 7,000 troops to Russia.
The deployment of these North Korean troops is supposedly justified by Moscow and Pyongyang through the joint Russia-North Korea Defense Treaty, signed on June 19, 2024 and ratified this month, stipulating that each signatory will come to the military assistance of the other if under attack by a third country.
The increased military-to-military links between North Korea and Russia also have regional ramifications, and China appears to have indicated to Moscow that the once heralded Sino-Russian "No Limits Alliance" may have some limits, after all.
Chinese President Xi Jinping apparently counseled Russian President Vladimir Putin not to visit North Korea immediately before or after visiting China. Xi's reported concern was that he did not want North Korea's "Supreme Leader" Kim Jong Un to be able to exploit such visits, thus gaining prestige or legitimacy as a great power.
Xi might also want to keep tight reins on any unpredictable moves by Kim that could destabilize the Korean Peninsula is ways that might counter Chinese interests.
Xi is possibly also concerned that a Russia short of cash could give North Korea advanced weapons and perhaps even nuclear technology, especially if Kim specifically requests them. China has not yet provided Russia's war effort against Ukraine with weapons systems, but Beijing could already be chafing at the knowledge that Pyongyang has delivered ballistic missiles to Moscow.
Russia, however, might view its enhanced defense links with North Korea as a gain. The Russian military, since its invasion of Ukraine, has reportedly sustained about 600,000 killed and wounded. The arrival of North Korean troops may have helped the Kremlin's leadership postpone announcing another mobilization of Russian recruits for its war effort. One report suggests that, ultimately, North Korea may dispatch 100,000 troops to Russia.
Moscow has already welcomed tens of thousands of North Korean laborers to work on construction projects. Another report indicates that Russia prefers North Koreans to Central Asian Muslim workers and is planning to import 500,000 North Korean laborers.