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Source: Here Comes China
In real China, family net worth and home ownership are 50% bigger than America’s and it dominates all 21st century technologies. Help get the word out. The West’s longstanding hostility to international development¹ has reduced the United Nations to near-impotence, but BRICS is another matter entirely. Driven by rich, powerful Russia and China, with generations of pro-development experience, its transformational intentions are clear. Short of war, it will be difficult to thwart. After all, Russia is again beating the combined West on the battlefield as its economy goes from strength to strength. Recall, too, that China has accumulated $3 trillion-$5 trillion toxic dollars, to which will add $1 trillion this year, much of which can be profitably employed in developing countries. BRICS’ mBridge settlement platform has already attracted Western hostility–as the withdrawal of the Bank for International Settlements demonstrates. Expect more of the same from an increasingly impotent West.
Unlike the cap-in-hand United Nations, BRICS will lack neither money, will, nor expertise to invest in agencies and projects listed in 2024 Kazan Declaration, below, where the outlines of the new world order are visible:
Let your imagination run free as you scan the list:
Says central banker Kathleen Tyson, “BRICS has had huge institutional development under the Russian chairmanship, and all the cooperation has been moved to these new BRICS cooperation and exchange platforms”. As the West sinks under the weight of its accumulated debt and international opprobrium, enjoy the emergence of an entirely new approach to the problems it has caused. And about damn time! 1 The Ukraine War was launched to prevent Russia’s further post Cold War recovery. Israel, a Western project, has has prevented or destroyed development in its region for generations, as has the USA in Latin America and lesser pests like Australia in SE Asia and the Pacific. 2 In 2009, after the GFC, PBOC Governor Zhou Xiaochuan announced, "The world needs an international reserve currency that is disconnected from individual nations and able to remain stable in the long run, removing the inherent deficiencies caused by using credit-based national currencies. He proposed Special Drawing Rights, SDRs valued against a basket of trading currencies and commodities like gold and wheat. Nobelists C. Fred Bergsten, Robert Mundell, and Joseph Stieglitz agreed: “The creation of a global currency would restore a needed coherence to the international monetary system, give the IMF a function that would help it to promote stability and be a catalyst for international harmony”. |
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