B.R.I.C.S. Discussion

https://english.vov.vn/en/politics/pm-chinh-arrives-in-russia-for-brics-summit-post1130403.vov
https://en.baoquocte.vn/pm-pham-minh-chinh-begins-trip-to-attend-brics-summit-291105.html

Vietnamese Prime Minister Phạm Minh Chính arrived at Russia to attend the expanded BRICS Summit. Welcoming Prime Minister Chính and the Vietnamese delegation at the Airport were the Prime Minister of Tatarstan, the First Deputy Mayor of Kazan, and Vietnamese Ambassador to Russia Đặng Minh Khôi.

Putin's explanation that the US will not appreciate , by Javier Benítez for SputnikSpanish. 10.24.2024.

In his recent meeting with the president of the New Development Bank, Dilma Rousseff, on the sidelines of the BRICS Group summit in Kazan, Russian President Vladimir Putin said that the New Development Bank represents an alternative to the development systems of Western countries.

The global South alienates the US

Putin stressed that the New Development Bank has invested 33,000 million dollars since 2018 in a hundred projects. "The increase in transactions in local currency makes it possible to reduce debt service fees, increase the financial independence of BRICS member countries, minimize geopolitical risks as much as possible and free economic development from politics as much as possible in today's world," he said.

In this regard, recently the head of the Kremlin warned about the need to increase the capital of this financial institution that represents an alternative to the development systems of Western countries. "As a development institution, the bank is already an alternative to a number of important Western financial mechanisms. And naturally we will develop it," he promised.

For Dr. Enrique Refoyo, the New Development Bank is one more example of the progress of this multipolar world that some people do not see clearly, they see it as diffuse. "Others simply do not see it as authoritarian, we do not see it as hegemonic, but it is a process that is carried out through the consensus of the parties, and that each party can participate as much as they want. No one is forced to have to participate in what he does not want, and that, on the other hand, three things are present: result, result and result. That is, the result from the New Investment Development Bank, and the establishment of a new model, that this is the most important thing. That's why, until previous days, Donald Trump was saying that whoever approaches the BRICS, or abandons the dollar, will directly have 100% tariffs from the United States. Which, it's like [being told to the US] 'if you think you're important enough to do that, that trade will just go to other countries, and that's it'. And the United States will remain isolated," concludes Refoyo.

Yandex Translate from Spanish.

https://noticiaslatam.lat/20241024/la-explicacion-de-putin-que-a-eeuu-no-le-va-a-gustar-1158498873.html

This Republican senator has a warning for BRICS nations trying to bypass the US dollar's dominance

The guy is a moron.

He is claiming that BRICS creating an alternative to the US dollar for international trade amongst BRICS members and other countries will make the US dollar stronger and make countries want to buy US debt.

He is delusional.

The main reason most countries use US dollars for international trade is because there is no viable alternative... it is not cheap, and while more stable than domestic currencies (because the west destabilises other countries to sabotage such practises anyway) now that the US is using it as a weapon other countries are forced to look to other means of trading.

The new BRICS system will make international trade easier and cheaper and remove the need for US dollars or Euros or other outside currencies in trade agreements between a growing number of countries in the world.

BRICS already represents more than 30% of the worlds population and as it expands it will get worse for the US dollar and Euro.

The US used its debt and its money and Russian foreign reserves as a weapon against Russia and all the countries of the world watched this... most don't have nuclear weapons or the massive resources (natural and human) that Russia has to defend itself, and they understand how their democracies would be crushed by the west without a second thought if a few western politicians thought it was in their interests... or in the interests of the companies and people funding their election campaigns.

The US has made its currency a weapon but only now realising that shiny golden sword that brought in all that money for them and gave them control is not actually a very powerful weapon at all. Gold is soft and does not hold an edge so it is not a sword... more of a club... a weapon to bludgeon... but covered in blood it is no longer ornamental either so it ceases to be attractive or desirable.

They made soup from their golden goose and now the golden eggs are no longer filling their bank vaults.

Stealing Russian assets is a further step that will make countries less keen to store their assets with the west, and of course ultimately Russia can seize assets from western countries in their country and become even more independent and separate from the west... which is better for Russia too.

Things are not looking good for the US because both sides are cheating, so the losing side in the next election is going to claim it was rigged or there was cheating involved... and with both sides believing the other side is the devil then of course they will both be cheating... which means as this cheating is revealed each side can claim the election was interfered with and should start again... or some protest will turn violent...  I don't think the Russians will bother to do anything... they don't gain advantage no matter who wins really... but a country like China who wont want Trump, or Iran who just might want to see the US suffer the way the US has made Iran suffer over the decades.... I mean imagine the irony of the US being upset because Iran is interfering in their elections.... HAHAHAHAHAHHAHAHA... that is hysterical... and yet the ignorant politicians who are indoctrinated to the core wont get the joke... because when the US interferes in elections world wide it is for democracy and peace and not for Cocacola or Ford or General Dynamics or IBM or Microsoft or Apple...

Suffice to say this US politician... and the article lists all the committees he is on for crypto currency and other important things... clearly has no understanding about basic human nature.

When you ban Russia from using US dollars and they go to their group of friends and trade partners and create an alternative currency for international trade that is open and fair and cheaper than using US dollars, then of course the result is not that the US dollar will return to being the standard main international currency of free trade.

If you are the main skateboard shop in town and you ban a kid from riding your skateboards and he goes away with his gang of kids and they decide to ride bicycles instead of skate boards you have to be some sort of stupid to think you have solved the problem and all the kids are going to ride skateboards again... especially when most of the kids want to join that gang that is agreeing on riding bikes.

You just pissed off 30% of the world by population... forgetting that the international community you think you control is just the west and that is perhaps 12-15% of the worlds population...

Play stupid games, win stupid prizes.

World War is cancelled, by Victoria Nikiforova for RiaNovosti. 10.26.2024.

The uniqueness of BRICS is that this commonwealth of countries is not a single bloc, does not set military goals for itself and does not create enemies out of thin air. The contract with Western alliances is obvious - they are built along a rigid vertical of power, ideological, militarized and sharpened against an external enemy. Their style of activity: "The first column marches, the second column marches..."

However, the very enormity of BRICS does not allow it to avoid the topic of security. Too many problems have accumulated on our planet, which Western blocs not only do not solve, but openly create them.

It is no surprise that Chinese leader Xi Jinping has openly called on his BRICS colleagues to "manage global security." "As the first phalanx of the Global South, we must demonstrate our collective wisdom and strength, shoulder our responsibilities, steadfastly uphold peace and achieve common security to build a community of shared destiny for mankind," he said at the summit in Kazan.

Anyone can see what global security has become today by looking at their news feed. It's just scary, really.

At the same time, the main aggressor, Washington, assures everyone that it is tirelessly fighting for peace. It leads military alliances armed to the teeth - in addition to the much-hyped NATO , there is also AUKUS, ANZUS, QUAD, the "Rio Pact" plus endless bilateral treaties. It supplies weapons to all hot spots, provokes new conflicts, picks open old wounds, makes obviously unrealistic promises about protection - and all this under the unforgettable slogan of Boris Johnson "Let's fight!"

The result is obvious and tragic: mothers are crying over the corpses of their children in Gaza, the wounded are screaming in Donetsk and Beirut , houses, cities and entire countries are being destroyed. The maddened world gendarme is fighting for peace so that not a stone is left on another.

The leaders of the BRICS member countries never tire of repeating that the main goal of their activities is purely economic. But what kind of economy is this if trade wars continually escalate into real clashes? All countries today vitally need "20 years of internal and external peace", which Stolypin dreamed of. This is the main value today, it must be protected.

Critics of BRICS insist that there are historically conditioned disagreements, contradictions and territorial disputes between the member countries. However, there is no international organization in the world today that would bring together only good friends.

Greece and Turkey , Germany and France coexist in NATO and the EU . If they had their way, they would, of course, resolve the land issue between themselves - their hands remember. But cooperation is obviously more profitable, so all the historically accumulated resentment is put aside.

On the sidelines of the BRICS summit in Kazan, Indian Prime Minister Narendra Modi and Chinese President Xi Jinping met for the first time in five years. Despite territorial differences, the leaders of these powerful countries clearly demonstrated their desire for peace. And all because peace is beneficial today: maintaining it would undermine the Anglo-Saxon policy of "divide and rule."

Xi and Modi have set a wonderful example to follow. If countries continue to fall for all the provocations of the Anglo-Saxons (and the basis for the territorial dispute between India and China was laid by the British leaving their colonies), then they will remain alone and risk perishing. Only together can states preserve their sovereignty, ensure real security for themselves and for the entire planet.

BRICS certainly has the potential to ensure global security. The armies of India, China and Russia are among the largest and most powerful armed forces. Russia and China are the official owners of nuclear weapons, with the Russian nuclear arsenal being the largest in the world. There is no need to talk about high technology: recognizing the threats, the military of the BRICS countries are modernizing their armed forces at an accelerated pace. In terms of combat experience, Russia is undoubtedly the leader, but our military is happy to share its experience with our friends. Regular joint Russian-Chinese exercises and maneuvers are evidence of this. And just recently we held joint exercises with Iran in the Caspian Sea.

The world is increasingly demanding not only economic cooperation, but also a security umbrella, independent of the abuses of the outgoing hegemon. And BRICS has very serious potential for work in this area.

https://ria.ru/20241026/briks-1980116836.html

https://peoplesdispatch.org/2024/10/24/brics-countries-call-for-a-multipolar-equitable-and-democratic-world-order/


BRICS countries call for a multipolar, equitable and democratic world order

The Kazan declaration also referred to one of the most burning issues raised by the countries of the Global South, the repeated interference of the West in their domestic affairs and use of illegal unilateral sanctions against them.
Claiming that non-interference in the domestic matters of other countries is integral to international law, the BRICS declaration asserts that every country has the right to decide its own path of development.

BRICS has consistently denounced the West’s attempts to use its economic power as a weapon against the developing countries. It has proposed greater financial independence from the West as a way of dealing with the problem and has been exploring ways to do so.

The Kazan declaration reiterated the need for financial independence by creating deeper economic partnership among BRICS members. It decided to continue its attempts to expand the use of national currencies in bilateral and international trade.

The declaration emphasized on the continued negotiations over the BRICS Clear Settlement and Depository System for cross border settlements as an alternative to the West-led SWIFT system and the further development of New Development Bank as an alternative source of development funding.

The BRICS declaration also endorsed the proposal of a Grain Exchange Platform for poorer and sanctioned countries in Africa and elsewhere. It is expected to play a crucial role in ensuring price stability for food grains and raw materials essential for maintaining food security and economic activities.

The BRICS declaration endorsed the modalities of including more countries from the Global South in the grouping and created a new category of “partner country” given the lack of consensus on the further expansion in its core membership.

The Kazan declaration sharply condemns the Israeli genocide on the people of Palestine and its attacks on civilians in the region and demanded an immediate ceasefire.

In a major move, BRICS nations agreed to term the Israeli cyber attack in September involving the detonation of hundreds of communication devices across Lebanon as “premeditated terrorist attacks.” Hundreds of people were killed and injured across the country.

BRICS, the dollar punisher, by Javier Benítez for SputnikSpanish. 10.26.2024.

Russian President Vladimir Putin has denounced at the BRICS Summit that "the dollar is being used as a weapon." In this regard, the president announced that the bloc is working on organizing the exchange of financial information between central banks, which will become an analogue of the SWIFT interbank system.

Putin announces impressive BRICS projects

BRICS has it clear, and everyone already knows it. At the recent Summit in Kazan, Putin stated that those who use the dollar as a political weapon, "make a big mistake because using the dollar - which remains the most important instrument in world finance - as a means to achieve political goals, undermines confidence in this currency and reduces its capabilities."

In this regard, it should be remembered that the Russian president himself announced that the BRICS group countries are working on organizing the exchange of financial information between their central banks, which will become an analogue of the SWIFT interbank system.

In line with this project, Putin announced: "In order to maximize the potential of our growing economies and fully take advantage of the new wave of global economic growth, it is necessary to intensify cooperation in such fields as technology, education, resource-efficient development, trade and logistics, finance and insurance, as well as multiply capital investment."

As if that were not enough, the Kremlin chief also proposed opening a BRICS grain exchange to facilitate the formation of fair price indicators for products and raw materials. "Several BRICS countries are among the world's largest producers of cereals, legumes and oilseeds (...) The implementation of this initiative will make it possible to protect domestic markets from negative external interference, speculation and attempts to create artificial food shortages," he said.

"At this meeting, where the BRICS show and present the new institutions whose reference are the raw materials and goods with added value produced by each nation and each region of the BRICS. There is a substantive, qualitative, strategic change, which in some way also, by opposition, exposes the weakness and fragility into which the dollar area, the NATO area entered.

Because we know that the dollar is being backed only by military power, in the South American case by the Southern Command, and internationally, by NATO. That is what is being defeated and subordinated, not only the dollar, but also NATO," says Walter Formento, director of the Centre for Research in Economic Policy [CIEPE].

Yandex Translate from Spanish.

https://noticiaslatam.lat/20241026/brics-el-castigador-del-dolar-1158560805.html

Implementing BRICS-pay and other financial transaction systems that bypass the NATzO-west controlled systems is the worst thing possible for NATzO.

It is a double whammy because all the countries of the world using US dollars for international trade gave the US a lot of information about who was trading with whom and in what quantities, with further information coming if they used western shipping and western insurance when shipping their goods.

Now Russia has alternative shipping and alternative insurance the US knows rather little about where Russian oil and gas shipments are going and for how much... and they don't like not knowing...

China is watching the US bully and seize assets from Russia and deny it access to SWIFT and deny the Russians the use of US dollars and realises that they will likely do the same to China and other BRICS countries too and the only way to protect themselves is to do what they are doing... setting up their own currency specifically for trade between BRICS countries and also to set up their own markets and organisations to manage trade prices and trading rules.

Goldman Sachs are buried deep in the US economic system so of course they are going to claim all alternative systems are doomed to fail because it is in their interests for them to fail.

Russia is not allowed to trade in US dollars... how long before China or other BRICS countries are kicked out of SWIFT... Trump is talking about 100% tariffs on countries that don't use the US dollar... why would Russia go back to SWIFT or the US dollar?

The entire west would have to drop all sanctions on Russia before Russia would consider such steps and they wont do that.

US politics has destroyed the US dollar as an international trading currency by using it as a weapon... game over... that ship has now sailed.

Someone from Goldman Sachs or the Jamestown institute of Bullshit and sodomy... who cares what they say... these are the sort of people who look at the current US situation of borrowing heavily because they can't balance their budgets, and 35 trillion in debt and they get a AAA economic rating? The corruption is endemic and is not being dealt with.

Harris and Trump are the best the democrats and republicans could come up with?

But Russian meddling is their main problem right now... hahahahaha.

The reason why the Chinese were skeptical of dedolarization is that they hold a great part of US debts.
Harsh measures taken would backfire, that's why they made a typical Chinese approach.
Doing the things, but calmly and quietly.
Back in 2017 they held 1.15 bln US debt treasuries.
Now they have about 800 bln, with almost all the $ debts converted to gold ...

De-dollarization will probably continue for decades. The US will still print green paper, and its "allies" will still finance its economy for a long time.

De-dollarization is going to be gradual - probably won't even kill the dollar entirely. Russia and China are preparing a Soviet style collapse for the US where the US elite will get to live off the spoils of the empire in exchange for not rage quitting. Its not so bad either - Russia made a resurgence after 30 years, so the truly patriotic types can still bide their time while repairing their country.

Then cancel Xi's visit. 'Buddy' Amorim is saber rattling.

Amorim says Brazil seeks 'greater synergy with China', but 'should not join' the Belt and Road, 10.28.2024.

For some months, it has been ventilated in the media that Brazil may join the Belt and Road Initiative during President Xi Jinping's visit to the country on November 20 for the G20 summit. However, the advisor for international affairs of the presidency of the Republic, Celso Amorim, said that Brasilia should not sign the initiative.

In an interview with the newspaper O Globo, Amorim said that Brazil wants to raise the relationship with China to a new level, without having to sign an "accession contract".

Asked by the media about the signing, the former chancellor said that "the key word is synergy. It's not signing underneath, like an insurance policy. We are not entering into an accession treaty. It's A synergies negotiation, " he said.

The trillion-dollar Chinese investment program, which has existed for more than a decade and has the signature of 150 developing countries, has been in dialogue with the Brazilian government for some time.

"They [the Chinese] talk about the belt, but it's not a question of joining. They give the names they want to their side, but what matters is that they are projects that Brazil has defined and that will be accepted or not," Amorim added.

The media reports that the diplomat participated in a mission to China last week with the aim of talking about Xi Jinping's state visit to Brazil.

Yandex Translate from Portuguese.

https://noticiabrasil.net.br/20241028/amorim-diz-que-brasil-busca-maior-sinergia-com-a-china-mas-nao-deve-aderir-ao-cinturao-e-rota-37115606.html

As of October 2024, BRICS has nine members and 13 partner countries:

5 original members:
Brazil
Russia
India
China
South Africa

4 new members (invited in August 2023; officially admitted in January 2024):
Egypt
Ethiopia
Iran
United Arab Emirates

13 partner countries (accepted in October 2024):
Algeria
Belarus
Bolivia
Cuba
Indonesia
Kazakhstan
Malaysia
Nigeria
Thailand
Türkiye
Uganda
Uzbekistan
Vietnam

Back in 2017 they held 1.15 bln US debt treasuries.
Now they have about 800 bln, with almost all the $ debts converted to gold ...

Yes... 1.15 trillion, and the Russians owned a lot of US debt as well because they were not thinking of the US as a rival or enemy and trusted their ability to pay it back... but with the US using their dollar as a weapon they got rid of the US debt they held and bought gold too.

De-dollarization will probably continue for decades. The US will still print green paper, and its "allies" will still finance its economy for a long time.

Dedollarisation will accelerate once BRICS have set up an alternative trade currency and as the US dollar is used less and less the US printing machine will start creating inflation in the US which will ruin their economy... and when printing more money doesn't help their options will shrink and become rather difficult.... even painful.

If you made a pen into a weapon... who will sign agreements with you?

De-dollarization is going to be gradual - probably won't even kill the dollar entirely.

The value of the US dollar is built around the fact that it is the go to currency of international trade, and that was because everyone would accept it... not to mention an enormous amount of gold in Fort Knox... trust is receeding on both counts... and when debtors no longer accept US dollars because you just print them like they are monopoly money... well some enormously wealthy families in the US might need to start giving up some assets around the world and other assets might start to be seized.

Then cancel Xi's visit. 'Buddy' Amorim is saber rattling.

Belt and road is a transport and trade infrastructure agreement... If Brazil, or any other country does not want to join... that is no real problem... but they are unlikely to benefit from that.

The main reason not to join would be pressure from the US and the west who want to maintain the established sea lanes of communication... except pirates in Africa and around Indonesia and Houthies and Iranians can disrupt that trade flow already.

@Garry: notice the expansion of BRICS, the slower growth of USA, and the dwindling of EU.

The hilarious thing is that the EU and US are supposed to be allies and the US has essentially dropped the entire EU and UK in the number two.

Winter is coming to Ukraine and this year without heating facilities and electricity there is likely gong to be a mass migration of civilians to the EU at a time when electricity costs in the EU and UK are going to spike too, but at least all their industry will be moving to the US so that will free up some capacity.

The new green chancellor for Germany looks like a dick head, more driven by ideology than practical realism... that remaining Nord stream pipe that is intact could easily be certified and start pumping but they can't bring themselves to do it... good.

America did this to them but equally they are doing this to themselves. The US isn't banning Russian Uranium and taking a bit of pain for itself for the cause...

They are very selective regarding who gets to be cannon fodder... Ukraine and Georgia and Belarus were great options because as far as the US is concerned... they are all just Russians anyway.

How long before countries in the EU or HATO realise there is no I in Team America... there is just AMERICA.

BRICS are working together to cooperate and support each other to grow and develop, while the west is US on top... everyone else try to get comfortable... Ukraine is on the bottom of that pile with everyones dick up their arse. On the bright side the UK and France used to have enormous dicks, but now they barely touch the sides.