Category South Africa

Jul 12 2023

BRICS & The Gold Backed Currency Idea


Armstrong Economics Blog/Gold Re-Posted Jul 12, 2023 by Martin Armstrong

QUESTION: Marty,

Will the Brics launching a gold backed currency be the catalist for bankrupting 3rd world economies? Or is it rising interest rates on their debt?

Tks for all the light u share in a confusing economic landscape.

Cbeers
.baldy

ANSWER: It is unlikely that we are looking at a BRICS single currency like the euro, for that would require a central monetary authority, surrender of sovereignty as in Brussels, end any possibility of QE, etc. We would need to completely collapse the idea of Keynesian Economics insofar as it has evolved, allowing deficit spending.

There is no special magic to gold. It was first restricted to only kings, for it was considered to be the tears from the sun god. As more gold was discovered, it began to be used for the jewelry of wealthy aristocrats. Then it became used as money in its natural form, known as electrum, a natural alloy of gold mixed with silver.

Then they refined the gold electrum and created the first bimetallic coinage around 560 BC. This required a sufficient supply of gold to create a money supply. As the quantity increased, the value of gold declined relative to both silver as well as commodities in general – inflation.

The real argument behind gold as a backing is that its quantity is limited. However, over the centuries, the silver/gold ratio has fluctuated anywhere from 8:1 to 120:1. From this perspective, the real objective here is to prevent the government from creating money at will. Thanks to Keynesian Economics, governments have the power to create money at will, allowing them to retain power and exert it in their endless wars thanks to the Neocons.

The real objective here with the issue of BRICS is that both Russian and China object to the dollar being the reserve currency in the middle of geopolitical tension. Yet the Biden Administration has undermined everything by removing Russia from SWIFT. That set in motion the collapse of globalization, and it has shown to the world that the US now controls the SWIFT system, which renders it no longer politically neutral.

This is where the IMF is trying to desperately move in for the kill to replace the dollar with their electronic digital currency. This is really no better because the IMF will also play political games. Strauss-Kahn was appointed managing director of the IMF on September 28, 2007, with the backing of then–President of France Nicolas Sarkozy. He was set up, and in New York, they came up with a maid in a hotel who claimed he tried to rape her. They wanted to remove him became he was independent. He served in that capacity until he was forced to resign on May 18, 2011. All the charges were later dismissed for the lack of any credibility. Yet, his replacement was Obama’s friend Christine Legard, a board member of the economic terrorist organization, the World Economic Forum. She was installed in the IMF and immediately threatened all the tax havens to turn over all their secret accounts so they would be removed from SWIFT. She also threatened the Vatican.

We are clearly staring into the eyes of a major global sovereign debt default. This is also why they are pushing for war. They plan on holding another Bretton Woods II, and the IMF will make its pitch to rule the world. This is all part of the scheme for this one-world government.

Jun 7 2023

Iran and Saudi Arabia – Mutual Friends


Armstrong Economics Blog/World Trade Re-Posted Jun 7, 2023 by Martin Armstrong

Iran and Saudi Arabia are now mutual friends through China. The two countries had been sworn enemies since the beginning of time, representing conflicting Shiite and Sunni Muslim groups that have been battling since their religion was founded. They were murdering one another through a proxy war in Yemen that has left over 150,000 dead. Then the unthinkable happened – the two nations came together at the request of China and made amends.

Chinese President Xi Jinping made them an offer they couldn’t refuse – the potential to form a strong alliance through trade without Western influence. Saudi Arabia issued a shocking press release in March, given the deep hatred it had for Iran. Saudi Arabia stated it was keen on “developing good neighborly relations…in light of their brotherly ties.”

Now, Iran announced it is reopening its embassy in Saudi Arabia as the two continue to put their differences aside for the prospect of economic prosperity. The embassy closed abruptly in 2016 after Saudi Arabia executed a Shiite cleric, leading to mass protests outside the embassy in Tehran. Riyadh and Tehran have not had diplomatic relations since.

Iran and Saudi Arabia would like to join the BRICS alliance between Brazil, Russia, India, China, and South Africa. If the two nations join, all major energy exporters will be within this alliance. BRICS currently contains 42% of the global population and over a quarter of the global economy. There would be absolutely no need for Western interference, and the threat of sanctions would hold little meaning. Saudi Arabia has already begun settling some oil transactions in the yuan instead of the dollar. Iran has been aggressively trading with the bloc; non-oil trade between BRICS and Iran reached $38.43 billion in the 2022-2023 fiscal year, marking a 14% year-on-year increase. China is Iran’s top trading partner in the BRICs alliance, with $30.32 billion of the aforementioned funds going directly to Beijing. An alliance could mean economic domination.

China seems to have done the unthinkable by brokering a peace treaty between the two nations. Opening an embassy signals that the countries are now ready to begin diplomatic relations once again. The BRICS alliance is growing stronger by the day, and there are rumors of the UAE, Egypt, Algeria, Bahrain, and even Turkey requesting to join. As our models have been warning, China is posturing itself to claim the throne of the financial capital of the world by 2032.

May 31 2023

South Africa Offers Putin Diplomatic Immunity Ahead of BRICS Summit


Armstrong Economics Blog/War Re-Posted May 31, 2023 by Martin Armstrong

The BRICS (Brazil, Russia, Iran, China, South Africa) alliance is stronger than ever. The 15th annual meeting will be hosted in Cape Town, South Africa, and government leaders are urging all to attend. However, the International Criminal Court (ICC) has an outstanding warrant for the arrest of Vladimir Putin and South Africa is a member state.

President Cyril Ramaphosa understands the importance of the BRICS alliance and considered abandoning the ICC entirely before backtracking on his stance. Instead of leaving the ICC, South Africa now declares that it will grant diplomatic immunity to Putin to permit him to attend. “It is hereby published for general information that the Minister of International Relations and Cooperation, in terms of section 6(2) of the Diplomatic Immunities and Privileges Act 2001, has recognised (the meetings),” the department said. The terms in the United Nations Convention should prevent the ICC from arresting Putin, who is considered a war criminal for the invasion of Ukraine.

Specifically, the ICC charged Putin “for the war crime of unlawful deportation of population (children) and that of unlawful transfer of population (children) from occupied areas of Ukraine to the Russian Federation (under articles 8(2)(a)(vii) and 8(2)(b)(viii) of the Rome Statute).” Commissioner for Children’s Rights in the Office of the President of the Russian Federation, Maria Alekseyevna Lvova-Belova, is also wanted by the ICC for the same charges. The Kremlin has denied that the deportations were forced and said that they were attempting to save Russian children living in Ukraine. Ukraine only entered the ICC in March of 2022, but numerous countries, including China and the United States, do not recognize “the court of last resort.” Lvova-Belova told news outlets that she was proud of her work in removing children from an active war zone. “It’s great that the international community has appreciated the work to help the children of our country, that we do not leave them in the war zones, that we take them out, that we create good conditions for them, that we surround them with loving, caring people,” she stated.

So, will Putin take the risk? On the one hand, his presence would signal that he is unafraid of international law. On the other hand, the Neocons would delight in an opportunity to arrest the Russian president to begin WW3. A country would need to be extremely careful to arrest the head of a country with nuclear capabilities in the middle of a war.

Mar 21 2023

South Africa’s Power Grid is Failing


Armstrong Economics Blog/Africa Re-Posted Mar 21, 2023 by Martin Armstrong

South Africa is desperate for allies, economic allies. The country is failing and the people are suffering. There is international outrage right now misdirected at South Africa for its desire to host the Bric summit with Russia, China, Brazil, and India. The International Criminal Court (ICC) wants to arrest Putin for his war crimes, and President Cyril Ramaphosa is defending his position to invite Putin before the invitations for the event have even gone out. I warned that countries who were previously banned from discussions at the big table would turn to China and Russia for support since the West has abandoned them. “What about Ukraine!” the media cries. Well, what about South Africa? No one comments that the conditions in South Africa are WORSE than in Ukraine during an active war.

South Africa was in a bad spot economically long before COVID. GDP grew by a mere 1% between 2012 and 2021, according to the World Bank. The nation’s entire infrastructure is crumbling, and the power grid is on the verge of complete failure. Blackouts are common, and many blame state-owned power plant Eskom which routinely cuts off the power grid to produce “rolling blackouts” to conserve power. These “rolling blackouts” can last over 12 hours. This affects fuel availability, phone and internet coverage, traffic lights, power to hospitals, etc. It also limits the availability of food and water. Crime is more prevalent during blackouts as there are no cameras or security systems. Rape and crimes against women are disgustingly common. Civil unrest is so prevalent that the president issued a “state of disaster” warning on February 9, long after the situation became irreparable.

(click on the image for higher resolution)

Statistics vary but there are about 82 murders per day in South Africa. The South African Police Service reported 7,555 murders from October to December 2022. As you can see from the chart above, crime is rapidly escalating. People are murdering farmers and anyone with a surplus of food. “Most murders take place in a public place, such as a street or an open field or a parking area – or at the residence of the victim (including places known to the victim or perpetrator),” Business Tech reported. “The Purge” is essentially taking place in South Africa right now.

So what is the world police doing about this situation since they care so much about helpless nations? Nothing. The US government issued a warning that Eskom’s power grid will collapse. They are warning that there will be no water, sewage pumps, or fuel, and the nation will effectively come to a standstill. Eskom said that in the “best case scenario,” it would take 6 to 14 days to restart the power grid. Experts believe it will take longer if they can manage to restore the power at all. “What’s left after a blackout would be what was left after a civil war,” an anonymous source said.

Poverty and the ongoing conflict have destroyed South Africa. The media would like people to believe that the nation is an enemy of the West because it is remaining neutral in the Russia-Ukraine conflict. How exactly is it supposed to offer any aid when its own people are starving? The West even had the audacity to ask South Africa to support the climate change agenda, as if they have access to stable energy. One can only hope that the Bric summit is permitted this year and Xi and Putin can offer aid to South Africa’s people.

Oct 18 2022

South Africa Confirms Likelihood of Saudi Arabia Joining BRICS Economic Alliance


Posted originally on the conservative tree house on October 17, 2022 | Sundance

South African President Cyril Ramaphosa held a two-day summit with Saudi Arabia on mostly economic matters.

At the conclusion of the summit, he confirmed the intent of Saudi Arabia to join the BRICS economic coalition, which should not come as a surprise given the previous statements by Saudi leader and Crown Prince Mohamed Bin Salman (MbS).

(MSM) Ramaphosa confirms Saudi Arabia wants to join Brics family.  This was revealed by President Cyril Ramaphosa during his two-day state visit to the kingdom on Sunday.

“The Crown Prince (prime minister Mohammad bin Salman bin Abdulaziz al Saud) did express Saudi Arabia’s desire to be part of Brics and they are not the only country,” said Ramaphosa. He confirmed this on Sunday during an engagement with the media.

Brics held its first summit in 2009, with SA joining the following year. The bloc has generally been seen as an alternative to the dominance of the western economies.

“We did say that Brics having a summit next year under the chairship of South Africa in SA and the matter is going to be under consideration.

“A number of countries are making approaches to Brics members, and we have given them the same answer that it will be discussed by the Brics partners and thereafter a decision will be made.” (read more)

Since the outset of the Western Alliance sanctions against Russia, we have been predicting an increased geopolitical influence from the BRICS team.  A global financial and economic cleaving is underway created by the western nations chasing ideological climate change energy policy, while the rest of the world remains pragmatic toward oil, coal and natural gas as energy resources.

We have been closely monitoring the signs of a global cleaving around the energy sector taking place.  Essentially, western governments’ following the “Build Back Better” climate change agenda which stops using coal, oil and gas to power their economic engine, while the rest of the growing economic world continues using the more efficient and traditional forms of energy to power their economies.

(July 2022) […] “This accession, if Saudi joins it, will balance the world economic system, especially since the Kingdom of Saudi Arabia is the largest exporter of oil in the world, and it’s in the G20,” Hamed said. “If it happens, this will support any economic movement and development in the world trade and economy, and record remarkable progress in social and economic aspects as Saudi Arabia should have partnerships with every country in the world.” (read more)

That would essentially be the end of the petrodollar, and -in even more consequential terms- the end of the United States ability to use the weight of the international trade currency to manipulate foreign government.  The global economic system would have an alternative.  The fracturing of the world, created as an outcome of energy development, would be guaranteed.

Keep in mind, in early June Federal reserve Chairman Jerome Powell stated, “rapid changes are taking place in the global monetary system that may affect the international role of the dollar.”  {LINK}

The western alliance (yellow) would be chasing climate change energy policy to power their economies.  The rest of the world (grey) would be using traditional and more efficient energy development.  The global cleaving around energy use would be complete.

This is not some grand conspiracy, ‘out there‘ deep geopolitical possibility, or foreboding likelihood as an outcome of short-sighted western emotion.  No, this is just a predictable outcome from western created events that pushed specific countries to a natural conclusion based on their best interests.

You can debate the motives of the western leaders who structured the sanctions against Russia, and whether they knew the outcome would happen as a consequence of their effort, but the outcome was never really in doubt.  Personally, I believe this outcome is what the west intended. The people inside the World Economic Forum are not stupid – ideological, yes, but not stupid. They knew this global cleaving would happen.

For a deep dive on BRICS, as predicted by CTH, {SEE HERE}.  The bottom line is – the 2022 punitive economic and financial sanctions by the western nations’ alliance against Russia was exactly the reason why BRICS assembled in the first place.

Multinational corporations in control of government are what the BRICS assembly foresaw when they first assembled during the Obama administration.  When multinational corporations run the policy of western government, there is going to be a problem.

In the bigger picture, the BRICS assembly are essentially leaders who do not want corporations and multinational banks running their government. BRICS leaders want their government running their government; and yes, that means whatever form of government that exists in their nation, even if it is communist.

BRICS leaders are aligned as anti-corporatist.  That doesn’t necessarily make those government leaders better stewards, it simply means they want to make the decisions, and they do not want corporations to become more powerful than they are.  As a result, if you really boil it down to the common denominator, what you find is the BRICS group are the opposing element to the World Economic Forum assembly.

The BRICS team intend to create an alternative option for all the other nations. An alternative to the current western trade and financial platforms operated on the use of the dollar as a currency.  Perhaps many nations will use both financial mechanisms depending on their need.

The objective of the BRICS group is simply to present an alternative trade mechanism that permits them to conduct business regardless of the opinion of the multinational corporations in the ‘western alliance.’

The BRICS team, especially if Saudi Arabia, Iran and Argentina are added creating BRICS+, would indeed be a counterbalance to the control of western trade and finance.  This global cleaving is moving from a possibility to a likelihood.  If Saudi Arabia joins BRICS the fracture becomes almost certain.

Aug 26 2022

DOJ Submits Proposed Redactions for Mar-a-Lago Raid Affidavit


Posted originally on the conservative tree house on August 25, 2022 | Sundance

The DOJ had until noon today to submit their proposed redactions to the search warrant used in the Mar-a-Lago raid in order for the documents to be made public.  Highlighting the effort of Main Justice to delay any sunlight, the DOJ waited until the last moment to submit their filing.

With the DOJ submission in hand, Florida Magistrate Judge Bruce Reinhart will now review the proposal and decide which, if any, parts of the affidavit will now be released to the public.   Judge Reinhart was the judge who originally signed-off on the search warrant.  It is likely he will go along with the redactions, although there is a slight possibility, he may propose an alternative.

Lawyers for media have requested the full unredacted release of the affidavit, and representative of President Trump have also requested a full unredacted release.  Unfortunately, that scenario is extremely unlikely.

Aug 12 2022

Is There Another FBI Spy In The Trump Orbit? (Ep. 1828) – The Dan Bongino Show


The Dan Bongino Show Published originally on Rumble on August 11, 2022 

Is there another spy in Trumps friends and associates? Or could this be a Trump set up?

Apr 14 2022

Biden Calls Russia Military Operation in Ukraine “Genocide”, Commits Additional $800 Million in Weapons Today


Posted originally on the conservative tree house on April 13, 2022 | Sundance

Yesterday in Iowa, Joe Biden called the Russian military operation in Ukraine a “genocide,” which has a very specific set of legal definitions to it.

When asked if he had seen enough evidence to support that statement Biden responded:

“Yes, I called it genocide.  It has become clearer and clearer that Putin is just trying to wipe out the idea of even being — being able to be Ukrainian.  And the amount — the evidence is mounting.  It’s different than it was last week.  The — more evidence is coming out of the — literally, the horrible things that the Russians have done in Ukraine.  And we’re going to only learn more and more about the devastation. And we’ll let the lawyers decide internationally whether or not it qualifies, but it sure seems that way to me.”  (link)

Several ground reports from European journalists indicate the U.S. military is running all of the combat operations inside Ukraine. A French reporter said on Euro News, “I thought I was with the international brigades, and instead I was facing the Pentagon.”  Now today, Joe Biden announces he is arbitrarily sending U.S. combat helicopters into the conflict.

[Tweet Link]

(WHITE HOUSE) – I just spoke with President Zelenskyy and shared with him that my Administration is authorizing an additional $800 million in weapons, ammunition, and other security assistance to Ukraine.

The Ukrainian military has used the weapons we are providing to devastating effect. As Russia prepares to intensify its attack in the Donbas region, the United States will continue to provide Ukraine with the capabilities to defend itself.

This new package of assistance will contain many of the highly effective weapons systems we have already provided and new capabilities tailored to the wider assault we expect Russia to launch in eastern Ukraine. These new capabilities include artillery systems, artillery rounds, and armored personnel carriers. I have also approved the transfer of additional helicopters. In addition, we continue to facilitate the transfer of significant capabilities from our Allies and partners around the world. 
 
The steady supply of weapons the United States and its Allies and partners have provided to Ukraine has been critical in sustaining its fight against the Russian invasion. It has helped ensure that Putin failed in his initial war aims to conquer and control Ukraine. We cannot rest now. As I assured President Zelenskyy, the American people will continue to stand with the brave Ukrainian people in their fight for freedom. (link)

White House spokesperson Jen Psaki was asked about this escalation earlier today:

https://youtube.com/watch?v=vQJ6xzhAy18%3Ffeature%3Doembed

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The Biden administration is all-in for this Ukraine proxy war, taking all actions to highlight a zero-sum position.

Apr 11 2022

Biden Schedules Meeting With India Prime Minister to “Discuss” Russian Trade and Sanction Compliance


Posted originally on the conservative tree house on April 10, 2022 | sundance 

Against the backdrop of increased Russia-India trade {link}, and the BRICS discussions about new trade payment mechanisms to avoid being shackled to the dollar {link}, it would appear the people behind the White House operation to create/maintain conflict with Russia are scheduling a stern conversation with India’s Prime Minister Narendra Modi.

WHITE HOUSE – ” President Joseph R. Biden, Jr. will meet virtually with Prime Minister Narendra Modi of India on Monday, April 11 to further deepen ties between our governments, economies, and our people. President Biden and Prime Minister Modi will discuss cooperation on a range of issues.” …

“President Biden will continue our close consultations on the consequences of Russia’s brutal war against Ukraine and mitigating its destabilizing impact on global food supply and commodity markets.” (read more)

The message from the White House will likely be akin to: ‘Nice country of 1.5 billion hungry people you got there Modi.  With all this talk of global famine going around, it’d be a shame if you couldn’t feed them.’ Oh, and by the way, did you happen to catch what just rolled out in Pakistan?  Imagine that – what with common borders and such… 

For those unfamiliar, it appears the DoS/CIA were up to their old tricks again, because Pakistan was favorable to the position of China and Russia in the Ukraine conflict and would not take sides with NATO and western allied leaders.

Pakistani Prime Minister Imran Khan was ousted through a majority parliamentary no-confidence vote early Sunday, that smells identical to the way Obama/Biden DoS/CIA ousted Egyptian President Hosni Mubarak.

(VOA) – […] Khan is the first prime minister to be ousted by a no-confidence vote in Pakistan, but no democratically elected prime minister has served a full five-year term since the founding of the country in 1947.

The repeatedly delayed no-confidence vote against Khan was held after the country’s Supreme Court ruled last week he had acted unconstitutionally when he previously blocked the no-confidence vote, and subsequently dissolved parliament.

The embattled Pakistani leader had defended his blocking of the vote, alleging that the no-confidence motion was the result of the United States meddling in his country’s politics.

Washington rejected the charges, saying there was “no truth” to them. (read more)

Western media is full of (pro-western) spin on the background of the Pakistani issues, but regional media see exactly how the DoS/CIA operate with their lucrative intelligence bribes to ISI officials in Pakistan.   That’s the same m.o. the CIA used in Egypt – paying the Muslim Brotherhood and giving them resources to remove Mubarak.   The coincidences are too coincidental to be coincidental.

(VIA ABC) – […] Khan has claimed the U.S. worked behind the scenes to bring him down, purportedly because of Washington’s displeasure over his independent foreign policy choices, which often favor China and Russia. He has occasionally defied America and stridently criticized America’s post 9/11 war on terror. Khan said America was deeply disturbed by his visit to Russia and his meeting with Russian President Vladimir Putin on Feb. 24, the start of the devastating war in Ukraine.  The U.S. State Department has denied his allegations. (more)

India and Pakistan have long been in conflict with each other.  The U.S. has always exploited this conflict as leverage in both countries, using intelligence and DoS operatives in Pakistan (major bribes), and using diplomatic/geopolitical and economic pressure in India.

That painful history of political extortion stopping is why India was so excited to have President Donald Trump in office.

President Trump spoke frankly to the Pakistani government about his expectations to stop supporting extremism (Taliban) in Afghanistan, and simultaneously Trump was honest and earnest with India using trade agreements that benefitted both the U.S. and India through his Indo-Pacific framework. {Go Deep – The Trump Doctrine}

Now, Biden turns back to leverage Modi by saying we’ve got the club back in charge and our tools ready in Pakistan.  If Modi keeps supporting Russia, suddenly the U.S. might provide discounted weapons and enhanced capabilities to Pakistan.  Nudge-Nudge, Wink-Wink….  Say no more.

I hate how the Fourth Branch of Government operates.

Americans in general are in an abusive and forced codependency relationship with our own government.  Unfortunately, most do not see it.

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...”I’ve had a great relationship with the Indians. In Delaware, the largest growth in population is Indian-Americans moving from India. You cannot go to a 7-Eleven or a Dunkin’ Donuts unless you have a slight Indian accent. I’m not joking.” ~ Racist Joe

Apr 10 2022

BRICS Ministers of Finance Hold a Meeting – It Is Time to Replace Western Financial Trade Mechanisms and Remove The Dollar


Posted originally on the conservative tree house April 9, 2022 

This is not some grand conspiracy, ‘out there‘ deep geopolitical possibility, or foreboding likelihood as an outcome of short-sighted western emotion.  No, this is just a predictable outcome from western created events that pushed specific countries to a natural conclusion based on their best interests.

You can debate the motives of the western leaders who structured the sanctions against Russia, and whether they knew the outcome would happen as a consequence of their effort, but the outcome was never really in doubt.  Personally, I believe this outcome is what the west intended. The people inside the World Economic Forum are not stupid – ideological, yes, but not stupid. They knew this would happen.

[Left to Right] Xi Jinping (China), Vladimir Putin (Russia), Jair Bolsonaro (Brazil), Narendra Modi (India) and Cyril Ramaphosa (South Africa), the BRICS group.

The finance ministers of the BRICS alliance (Brazil, Russia, India, China and South Africa) have decided to create their own financial mechanisms to continue trade between nations of similar disposition.  Once the internal issues inside the BRICS alliance are resolved, and once the mechanisms are created, then other nations will be able to decide to join or not.  The great global cleaving will commence.

(Reuters) – Russia, hit by Western sanctions, has called on the BRICS group of emerging economies to extend the use of national currencies and integrate payment systems, the finance ministry said on Saturday.

[…] On Friday, Finance Minister Anton Siluanov told a ministerial meeting with BRICS, which consists of Brazil, Russia, India, China and South Africa, that the global economic situation had worsened substantially due to the sanctions, the ministry’s statement said.

The new sanctions also destroy the foundation of the existing international monetary and financial system based on the U.S. dollar, Siluanov said.

“This pushes us to the need to speed up work in the following areas: the use of national currencies for export-import operations, the integration of payment systems and cards, our own financial messaging system and the creation of an independent BRICS rating agency,” Siluanov said.

International payment cards Visa and MasterCard suspended operations in Russia in early March and Russia’s biggest banks have lost access to the SWIFT global banking messaging system.

Russia set up its own banking messaging system, known as SPFS, as an alternative to SWIFT. Its own card payment system MIR began operating in 2015.

[…] They were part of Moscow’s efforts to develop homegrown financial tools to mirror Western ones, to protect the country in case penalties against Moscow were broadened.

The finance ministry said BRICS ministers have confirmed the importance of cooperation in efforts to stabilise the current economic situation.

“The current crisis is man-made, and the BRICS countries have all necessary tools to mitigate its consequences for their economies and the global economy as a whole,” Siluanov said. (link)

For a deep dive on BRICS, as predicted by CTH, {SEE HERE}.  The bottom line is – the 2022 punitive economic and financial sanctions by the western nations’ alliance against Russia was exactly the reason why BRICS assembled in the first place.

The multinational corporate control of government is exactly what the BRICS assembly foresaw when they first assembled during the Obama administration.  When multinational corporations run the policy of western government, there is going to be a problem.

In the bigger picture, the BRICS assembly are essentially leaders who do not want corporations and multinational banks running their government. BRICS leaders want their government running their government; and yes, that means whatever form of government that exists in their nation, even if it is communist.

BRICS leaders are aligned as anti-corporatist.  That doesn’t necessarily make those government leaders better stewards, it simply means they want to make the decisions, and they do not want corporations to become more powerful than they are.  As a result, if you really boil it down to the common denominator, what you find is the BRICS group are the opposing element to the World Economic Forum assembly.

The countries run by multinational corporations are in Yellow, the countries who have not yet chosen a side are in GREY:

The BRICS team intend to create an alternative option for all the other nations. An alternative to the current western trade and financial platforms operated on the use of the dollar as a currency.  Perhaps many nations will use both financial mechanisms depending on their need.

The objective of the BRICS group is simply to present an alternative trade mechanism that permits them to conduct business regardless of the opinion of the multinational corporations in the ‘western alliance.’