Are we paying attention yet?
The BRICS nations (in red, below) have just accepted six new members — Saudi Arabia, Egypt, Argentina, Iran, Ethiopia and the United Arab Emirates (green). The block now includes 46% of the population of Earth. They make 43% of the worlds oil, and about a quarter of the traded goods. The BRICS are going to abandon the US dollar and another 20 nations have expressed a desire to join. The India Narrative, called it “a new world order”.
In other news, the BRICS groups said they’d quite like the West to keep giving them money and free climate technologies to save the world from climate change, (while the West battles the climate demons and hobbles its own economies). The BRICS promise they will absolutely, definitely, maybe get serious too in a few decades.
While they’re busy burning record amounts of coal, they oppose any trade barriers done by the developed world in the name of climate change. We wouldn’t want things like pollution, child labor or slavery to get in the way of a good trade would we?
When President Xi brags that they are the “global majority” it’s just a matter of time ’til he’s right:
The Visual Capitalist estimates the BRICS population is about 3.7 billion now.
Give us your Money
The BRICS would like that $100 billion the West promised:
BRICS countries on Thursday further urged developed countries to honor their commitments, including mobilizing 100 billion U.S. dollars per annum by 2020 and through 2025 to support climate action in developing countries. — CGTN
The UN is “very important” because it helps BRICS nations get free things from the West, slows the developed world, and almost never demands anything in return. It is a one way siphon:
New Delhi, August 24 (IANS): BRICS nations on Thursday re-emphasiseed on the importance of implementing the United Nations Framework Convention on Climate Change (UNFCCC) and its Paris Agreement and the principle of Common but Differentiated Responsibilities and Respective Capabilities (CBDR-RC) enhancing low-cost climate technology transfer, capacity building as well as mobilising affordable, adequate and timely delivered new additional financial resources for environmentally sustainable projects.
“We recognise that the Means of Implementation should be enhanced by developed countries, including through adequate and timely flow of affordable climate finance, technical cooperation, capacity building and transfer of technology for climate actions.
“Furthermore, there is a need for comprehensive financial arrangements to address loss and damage due to climate change, including operationalising the fund on loss and damage as agreed at the UNFCCC COP27 to benefit developing countries,” the declaration said.
This is not exactly a pact of free speech and free markets
As Alexandra Wexler noted in the WSJ, five of the six new members rank very low in the Freedom stakes.
India and Brazil want to stay on good terms with The West and only a few days ago were calling for “clarity”, and it looked like the expansion might not go through. But the West’s gravitas has shrunk (with its carbon emissions) and evidently India decided the QUAD defense pact would survive any bad feelings arising from them approving, eww, Iran. (The QUAD being Japan, USA, Australia and India).
Brazil and India had advocated for a more gradual expansion of Brics amid concerns that the group could become too far aligned against the West, morphing into an autocratic version of the Group of Seven major economies.
It appears that Brics is headed in that direction, with just one of the six newly-admitted nations—Argentina—ranked as “free” in Freedom House’s widely used global freedom index, with a score of 85 out of 100. The other five countries are all designated “not free,” with scores ranging from eight to 21.
Still, Brazil and India voiced their support for the expansion …
Who knows — the block may struggle with internal tensions as Iran and Saudi Arabia are not exactly on the best of terms, and nor are Egypt and Ethiopia. China’s economy is said to be in trouble. South Africa is suffering long rolling blackouts, violence and corruption. India joined the Quad for fear of China’s aggression.
Thanks to NetZeroWatch for links to key articles and OldOzzie.
For a sobering look on the practicalities of implementing BRICS see here: https://mishtalk.com/economics/what-would-it-take-for-a-bric-based-currency-to-succeed/
50
If it’s not competing with the US dollar I don’t see a problem with it working. I don’t know if a fiat currency would be in play or not but a tender that is useful to all members could work. These countries are sick and tired of being overlorded by the US and the world bank. Looks like they’ll play the game each way.
100
It may finish up like the Euro, with the wealthy countries with high GDP propping up others who are along for the ride and tanking the currency. Leads to resentment I believe. Of course we had a system which worked well forever – each nation had its own currency and fiscal responsibilities and rose and fell on its own merits.
150
Finish up like the Euro? The Euro is highly unstable. It represents a monetary union without a fiscal and political union and its principal member, Germany, is busy committing economic suicide with its energy policy. Watch this space…
161
Exactly what I meant, Anton. Relax.
41
Its essentially a trade pact, Russia and China are going down the economic slippery dip and South Africa is close to becoming a failed state.
The idea of creating a new Reserve currency is definitely on the cards and its about time, the US dollar has had its day in the sun.
51
WB is largely about developmental loans and is part of the UN. The global monetary/fiscal policy entity is the IMF. Having said that, I disagree that the developing world has been treated so harshly by and UN body or other IGO – quite the reverse.
20
Johannesburg BRICS declaration (FULL TEXT)
The joint statement was adopted at the 15th summit of the economic bloc in South Africa on August 23, 2023 – 94 Items
30
It seemed a pretty facile argument he was making. He was trying to fit the American model over China’s Yuan, but that’s not what they want. The American model is what is wrong with the world, its what the BRICS are trying to get away from.
“Fundamentally, trade is not between nations.” Sure, but in that case it is purely up to the two companies involved in the trade to decide what currency to use. They just electronically transfer the money over, or use Bitcoin, or send a suitcase full of gold over with their purchasing officer. Speaking of gold, he glossed over the elephant in the room, using gold as money once again, the obvious choice.
I think he will be surprised and disappointed when the BRICS do get a currency set up, it will be something out of left field that doesn’t look like a Western copy. China had a few thousand years of Empire to work it out, before we were painting ourselves with woad.
10
China is no longer a developing country and has the characteristics of a fully developed country with a space program, nuclear power, nuclear weapons, world’s largest military, building two coal power stations per week, burns over 11 million tonnes of coal per day, has high speed rail, a bioweapons and genetic engineering program, manufactures steel and cars etc..
It is also the world’s largest CO2 producer by far, more than twice as large as the United States (not that it matters, but according to the Official Narrative CO2 is causing the oceans to boil).
If the West have to destroy their economies by shutting down coal amd gas power stations and other measures to stop CO2, (with Australia being an especially fanatical follower of that belief) then China should also be required to shut down their coal and gas power stations.
Better yet, abandon the whole hypothesis that fossil fuels are destroying the planet. If the Elites really believed that to be true, China would be stopped producing CO2 as the West is expected to do.
521
You are correct the China is not a developing country but then neither is any country (India) that can (successfully – sorry Russia) place a lander on the moon.
120
Good luck with that. When (if) the West grows out of its cult of narcissistic guilt-tripping, maybe.
70
Yeah, but they copied the bioweapons, didn’t they?
I mean Western countries were doing it first.
40
China is classified as a Third World nation, as is India, which entitles them to reduced interest rates on loans, more loans, assistance packages, j’development’, financial assistance on everything; mostly paid for by the West.
That the UN allow China 3rd World status, tells you just how corrupt they are.
20
For an interesting post on the difficulties of implementing BRICS see here: https://mishtalk.com/economics/what-would-it-take-for-a-bric-based-currency-to-succeed/
30
The most amusing episode of the West financing ‘green’ initiatives involved a Chinese company which made an ‘allowed’ CFC, but a by-product was not an ‘allowed’ CFC. The EU paid for this to be destroyed, but far more than it cost to create!
Sensing a sucker the Chinese company went into mass production of this ‘bad’ CFC, and the EU kept paying for it to be destroyed. The last I read [over 6 years ago] the EU had paid out 2.3 billion Euros.
170
I applaud the support for what is clearly a failing ideology. For example, how did the West succeed in their illegitimate occupation of Afghanistan
829
Do you also applaud the fact that China is by far the world’s largest CO2 emitter with emissions rising rapidly with no end in sight? (Not that CO2 matters, except we don’t have enough of it, but it is the basis of your Green/Left ideology.)
Do you applaud the treatment of women and girls under the Taliban? Do you applaud the fact that they’re not allowed to be educated or leave their home unaccompanied? They didn’t have those restrictions under “occupation”. What a mysogynistic attitude! Do you applaud the lack of human rights under the Taliban?
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yep, because it is still way lower than the USA, on a per person basis. This line of argument is exactly why the western ideology is failing.
As to the Afghanistan question 20 years of illegal occupation for what, killing innocents (Ben Roberts-Smith is a poster boy here), unable to institute a secular democracy, not even able to evacuate those at risk. All you arguments are hollow
628
So, total CO2 emissions don’t matter, according to you. Only “per capita” emissions matter. That is simply ignorant, if you believe in CAGW.
The logic you use is called cognitive dissonance. An utter lack of logic. Emotional, ideological, unscientific, navel gazing, clap trap.
As to Afghanistan, that’s a different issue. The same might be said for the Russian occupation of Afghanistan, or the slavery in Africa or Sudan.
Throwing stuff on the wall to see if it sticks isn’t intelligence, Peter, it is ignorance.
AU is 0.33% of world population. CO2 is 0.042% of atmosphere by volume. Human contribution is 3%. AU contribution is 1.3%. So, per capita, AU is 0.33 x 0.042 x 0.03 x 0.013 = 0.0000054 % of all CO2 emissions, per capita.
Think about it.
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The problem with climate change believers is that there is always another way to “prove” that CO2 emissions in the developed countries are the cause of climate change. So now it’s per person instead of total emissions per country.
Then there’s the world average temperature. We are told that if the world average temperature increases by 1.5°C the world will be destroyed or something like that. But what does average mean? A couple of weeks ago the big news was that the Southern European and North African countries were experiencing record high temperatures, as if climate change was the cause. If the record high temperatures caused an increase in the world average temperature no doubt we would have heard about that too. So the world average temperature did not increase, probably because there was also record low temperatures elsewhere, of which there was no mention.
80
We are in Europe (Spain) at the moment and this week it has been mid 30s all week. Next week it is dropping to the mid 20’s with showers in the north and the same in S France where we are heading next. Bet that is not reported in the media.
60
Peter, if you hate Western Civilisation so much, rather than staying and, with your numerous comrades, actively destroying the last 3000 or so years of the achievements of Western Civilisation, why don’t you go and live in a socialist utopia like North Korea or Cuba, or even China?
If you hate the West, you are welcolme to leave, indeed, you are encouraged to do so.
Incidentally, on your recent trip to China did you visit the Uyghur slaves, forced to make solar panels, even the BBC admits it?
https://www.bbc.com/news/world-asia-china-57124636
Or did you visit any transplant centres where criminals are executed to order to harvest their organs?
https://brighterworld.mcmaster.ca/articles/analysis-killing-prisoners-for-transplants-forced-organ-harvesting-in-china/
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Peter, China is building two new coal power stations every week.
If wind and solar is so viable and cheap why wouldn’t they be building those instead?
And if your ideology that CO2 was correct, it wouldn’t matter what the per capita emissions were. It would have to be eliminated.
Tell me why China builds coal power stations instead of going directly to wind and solar. After all, your kind says it’s much cheaper than coal.
181
Because the Chinese, whatever their faults, are realists.
70
Even the old defunct Soviet Union tried. FAIL, along with Communism.
40
If you really believe that per-capita emissions are what’s important, then you’re far from being the sharpest knife in the kitchen. You do make a high quality useful idiot though.
Perhaps “western civilisation” is failing because of the rise in number of poorly educated and ignorant people like you, often being “taught” by poorly educated and ignorant teachers with mind-bending political agenda.
On a more positive note, I think the invasion of Afghanistan (and Iraq) was illegitimate and a total waste of many, many lives, much like the West’s overzealous support for Ukraine.
80
‘ how did the West succeed in their illegitimate occupation of Afghanistan’
They didn’t, did they, its like VietNam. Afghanistan is known as ‘the graveyard of empires’, it seems for good reason. Yet in Korea they have managed to get the South Koreans completely onside with an occupying force of only 30,000 troops. Maybe its the stage of development of the invaded country, maybe its the culture they have, but some definitely reject an invasion by the West more strongly then others.
132
The old saying that the powerful do what they will and the poor what they can rules there Peter. Outright hypocrisy as well.
40
The West is only failing because it has been taken over by the Left and is thus descending into tyranny and poverty in the manner of National Socialism and International Socialism.
Before that it was free and prosperous without oppressive censorship, government control of the economy, destruction of the family unit, morality and civil order in general.
212
The war in Afghanistan was illegal under international law, not much different to Russia invading Ukraine.
Australia could theoretically become a BRICS member within a decade if China and Russia became democratic nations. The warring states period would end and world peace the new normal.
16
“Australia could theoretically become a BRICS member within a decade if China and Russia became democratic nations. ”
That’s an odd thing to say EG, Russia is a democracy. ..and if you think its not a REAL democracy, just look at our leading light America and how Biden ousted Trump. People who live in glass houses etc..
We should join BRICS as soon as we can, the only thing stopping us is America. Those troops in Darwin aren’t to defend us from China you know. We should join all the trade organisations we can, admitting that Govts will screw free trade over forever and limit what we can sell or buy.
72
Russia is not a real democracy, in the true sense, Putin won’t be running next year but he’ll have his puppet in place. Lock up the opposition or kill them off.
The American situation is different, the courts will decide the fate of Donald and his revolutionary cohorts. The legal process will be open and transparent, totally unlike China or Russia.
Australian should gravitate towards neutrality in foreign affairs and give up this ridiculous Alliance, our biggest trading partner has no desire to start a hot war.
39
“Lock up the opposition”
Are we talking about Biden or Putin here?? Its like the pigs and the farmers in Animal Farm, I can’t tell the difference..
Russia had everyone able to vote for President, and they voted Putin in, its pretty straightforward. Do you reckon Biden would get in if he didn’t have illegal immigrants stacking the voting?
As for the shonky things that went on last time, the 2am millions of votes for him that appeared out of nowhere.. Well, I wouldn’t say America’s judicial system was clean, un-politicised and unbiased!
It funny how few nations follow Switzerland’s lead, yet neutrality seems the obvious choice. The only reason we need a Govt in Canberra is to represent us in foreign affairs, and that job they always screw up.
41
‘Well, I wouldn’t say America’s judicial system was clean, un-politicised and unbiased!’
No, its the American way, but at least its not a kangaroo court.
00
The old Soviet Union invasion of Afghanistan in 1979 was also illegal.
32
Given that the last US election was stolen with stuffed ballot boxes, that Trump had his twitter account cancelled, that Trump-Russia allegations were all a lie, the false flag that was Jan 6, the Mar-a-Lago raid, the current charges against the Trump, where does the USA rank in the Freedom stakes? Why isnt it down there with Iran? Is it because the Iranians dont know that men can have periods? Or is it because “Freedom House” is a US organization?
482
It’s the new name for the White House.
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Was thinking same. A nation that tries to eliminate a political opponent does not constitute a free country. There is a fine line when we talk about your freedom and ours.
351
The US is fundamentally a free country but has suffered a hostile takeover by criminals who don’t respect the US Constitution, the electoral process or the law in general. Those criminals, who are primarily loyal to China, Russia and Ukraine, not America, must be removed, but the infiltration is heavy and deep. President Trump tried to remove them and that didn’t end well for him. If he doesn’t win the presidency this time, the people themselves will have to remove the corrupt government, which is why they have the Second Amendment.
As it so beautifully states in the US Declaration of Independence:
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You can see John Locke’s influence in the Declaration of Independence. Thomas Jefferson wrote the draft and he and the other Founding Fathers were strongly influenced by the ideas of freedom and liberty of Locke:
In Two Treatises of Government (1689) Locke wrote:
He further wrote:
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Locke used to be discussed at universities; not now.
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We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness
Written by Jefferson who traded in slaves!
It’s a dark world…
54
At a time slavery was considered by many to be acceptable, Jefferson was however opposed to slavery and oulawed the international slave trade when president. He also advocated gradual emancipation of slaves but was also locked into the system because of his his high personal debt.
I’m sure this created a huge moral dilemma for Jefferson, no one is perfect.
Jefferson in the draft Declaration of Independence included a passage about and against slavery, for which he blamed King George but this was excised by others.
And it was the West that first abolished slavery, not Africa, Arabia, India, China or any other nation, many of which still practice it today.
161
Slavery has been practiced by the Greeks, Romans, Chinese, Koreans, Africans, Middle East, Spain, Egyptians, and almost every civilisation in recorded history. In Rome, you were either a Citizen or a Slave. In China/Korea/Japan, you were either Royalty, Elite, Mercantile, Commoner, or Slave. In India, the Caste system is effectively institutional slavery. So none of this is unique to any continent, nation, or state, in all of recorded history. In Korea and China, it was common to be punished with slave status for inability to pay taxes or for political reasons.
In the British Colonies of America, the first slave owner was Anthony Johnson, a contract released black indentured servant, and his slave was John Casor, a black indentured servant bound into slavery by a British Court in 1655 because Casor was not a British subject and not availed of common law protections with respect to his poorly written contract for indenture because he was not a British Citizen. Britain was the first nation in all of history to outlaw slavery. The USA was second. To this very day, Africa, Sudan, and Middle east, continue slavery. North Korea and China continue political slavery. Many nations continue to allow or ignore human trafficking and sexual slavery.
“The courts ruled in favor of Anthony Johnson and declared John Casor his property in 1655. Casor became the first person of African descent in Britain’s Thirteen Colonies to be declared as a slave for life as the result of Anthony Johnson’s civil suit.”
Court Ruling
https://www.encyclopediavirginia.org/Court_Ruling_on_Anthony_Johnson_and_His_Servant_1655
It was American President James Monroe who arranged for the purchase of Liberia to be a homeland for all black slaves. The Capitol is Monrovia.
I’d suggest that everyone Learn History and become educated on the subject before making accusations or claiming moral high grounds. This is a complex issue. Anyone who believes the issue to be simple is either ignorant or agenda driven.
231
Says he, who lives and benefits from the product of slavery in so many ways. Get thee behind me peasant while I have another piece of cake.
27
There needs to be a new definition of a “developed” Nation.
I believe that any Nation that has a Moon Space program must be categorised as “developed”, and treated as such in all Trade and Aid programs.
This recategorisation should also flow over to UN programs, where these Nations must be the larger contributors to the largesse showered on un/under developed Nations.
We need to correct this NWO!
260
No !..
Moon shots, nuclear weapons, prestegious buildings etc,..are just a measure of wealth (often only for a minority of the population)
A Developed Nation should be defined by the social development of its population
30
The cartel of banking aka “Federal Reserve” has overplayed currency creation backed on …Nothing since 1971. 52 years later the “dollar digits” are being pumped out at prodigious speed. When Russia provided a gold backing for the Ruble, I took interest. When half the oil production of the world is under BRICS currency the US will only have one leg to stand on- and I predict a major financial crash.
The American empire is in the death throes. America is famous for picking fights against weaker countries at Wall St behest, but It certainly can’t fight BRICS all at once!
Gaddafi and the Libyan Gold Dinar was an example of maintaining US dollar Hegemony.
130
A great article Jo, it should be all over ABC and the SMH group of papers. Sadly the Sheeple will be carefully kept ignorant of what is happening around them.
We will be on the wrong side in history, but maybe saved an invasion because of the Aboriginal Govt we will have by then. We will join NZ as a ‘brown Pasifika’ nation.
123
After weighing up all the ifs and buts the BRICS countries will always choose the path of maximum future power and financial return.
Human rights are of zero concern to some of these vile, ignorant so called leaders and we should stop any more free, future gifts to these thugs.
Australia doesn’t allow nuclear weapons or nuclear energy in our own country and yet we’re supposed to turn a blind eye to the BRICs members who do? We must be barking mad to even consider their requests.
161
human rights are not exactly a big concern of captured western governments, either:
-mandatory experimental vaxx
-repressive laws on free speech
-incarceration of dissidents (Jan 6 protesters)
-fake elections
-etc.
231
As soon as a Gravy Train or Cargo Cult appears, there is a huge membership application avalanche. There are no application fees for membership and the Payers are so keen to squander their money on major corrupt political figures in the BRICS countries, that no effort at all is required from the applicant.
61
Why do you think certain Australian dictators like Dan Andrews of Vicdanistan are constantly going to China, if not him personally his trusted drones and sycophants?
What is he doing that’s so secret that the press aren’t invited, not that they are ever bothered to ask any tough questions anyway.
141
I see that Vietnam, Thailand, Malaysia, and Indonesia have all applied to join BRIC.
Those countries see a benefit for their population, unlike Australia which wants to extract as much money from its citizens to spend on futile nonsense (e.g. Bowen’s article in Friday’s Australian).
182
Hmm? Who gave me a thumb down?
I can’t believe it was Chris Bowen although I was close the beginning of comments, but there were so many telling him off that I don’t think he could get around to reading my comment, assuming that he can read which from his article is unlikely.
Could it be one of those who think renewables will “save the world”? Someone with no idea but full of fantasy -Simon perhaps?
01
western governments are doing a controlled demolition of their own countries
soon the west will be the new third world.
121
Well, look at the world-leading empires of the past. I’m no historian but Italy, France, Spain, Portugal, Holland and of course Britain were all the richest country in the world at one time or another.
Look at them now and see the West in 2100, some doing OK, most a gently backwater, corruption-ridden, poor, violent.. Oh wait, that sounds like the 3rd-world!
Son has just returned from a cuzzies wedding in the UK, said they are poor but don’t realise it. She earns 40,000pounds as a teacher, but the daily expenses are such that one pound buys what one dollar does here, and teachers are far better off in Aussie.
60
Another thing:
A majority of the BRICS countries (certainly a majority of the total population) do not support the transgendering and associated mutilation and sterilisation of children.
That is something that is primarily a social contagion and Leftist ideology of the West.
161
BRICS expansion: another brick in worry street that we can’t do much about.
10
The BRICS are absolutely entitled to seek to overhrow the US dollar as the world’s principal reserve currency. I hope they fail, but there is no divine right to be the main reserve currency. What they are up against is the petrodollar deal by which Saudi Arabia demands US dolllars for its oil and has its security unconditionally guaranteed by the US military. This means that the USA need only print dollars to get oil while eveybody else has to produce goods to equivalent value. If someday the deal unwinds then all those dollars get repatriated and the US suffers hyperinflation and the present world order unwinds almost overnight. Careful…
70
Saudi only holds USD108bn in US debt. They have been selling down since Biden took office in 2020.
Chinese investment in Saudi Arabia is growing strongly. On the flip side, the Saudi wealth fund is aiming for USD2tr in Chinese direct investment.
50
That deal is already gone … Saudi Arabia has already started accepting Yuan for oil, although so far not in huge quantity.
20
This is another battle in WW3 . This war is being fought less and less on the battlefield ( that’s bad enough) and more as a battle over the internet . If Armageddon starts we will be able to watch it live . Just what is the advantage of holding currency reserves that can be confiscated for non compliance ? How do you comply your way out of tyrany?
60
My friends who own rental property in Vicdanistan and thus supply a valuable service to those who can’t afford to buy their own property, told me that in order to pay Dictator Dan of Vicdanistan’s increased, prohibitive land taxes, they will have to sell property.
I see this as the first part of a move by Labor governments to nationalise all residential rental property. Excessive taxes will also eventually be applied to the properties people own and live in, which will rule out private home ownership except for the Elites.
120
State governments say they will abolish stamp duty, but implement land taxes, saying how amazingly nice that is for the public.
The foolish portion of the community only think about the first part, not realising that even if, on paper, one owns their property outright, that the government is in fact demanding rent, and can evict if it’s not paid.
All levels of government seem dead against anyone being independent, and debt-free.
Just look at those influential few who recently complained that some people have “too much” superannuation, and that it was not right that they could leave it as some sort of inheritance.
130
A convocation of countries which have in common the dislike of the populations for their leadership, with good reason, and a history of cheating one another in every bi-and multilateral dealings they’ve ever been party to, is welcome to try to evolve a second trade currency; for millenia the first, gold & silver, have been the only agreed area of “trust” between these disparate actors.
40
Does Australia give Aid to any BRIC countries or to any countries wanting to join BRICS?
I suspect a Big YES to my BRICS question, in which case, please redirect this Aid to the needy here in Australia.
From a concerned long suffering Australian Taxpayer.
41
Love those freedom reports and indexes.
They never reconcile with each other.
Argentina?
https://www.heritage.org/index/country/argentina
World rank 144.
Aggravated by corruption and political interference, the lack of judicial independence has severely eroded limits on government. Leftist spending measures and price controls distort markets, and government interference still hobbles the financial sector. Fading confidence in the government’s determination to promote or even sustain open markets has discouraged entrepreneurship.
20
As an alternative to the BS western freedom indexes, look at the following link to see that all those ‘free countries’ are essentially bankrupt !!
https://www.usdebtclock.org/world-debt-clock.html
00
NZ might consider joining BRICS. but not before Russia gets poked in the eye with a burnt stick.
https://thediplomat.com/2023/08/should-new-zealand-build-bridges-with-the-brics/
04
It’s all irrelevant because leftist governments in the West will have introduced programmable central bank digital currencies and won’t allow their CBDCs to be exchanged for cash, ‘bricks’, gold or anything else. The best that people in the West can hope for is that a few hold-outs will keep cash in circulation within their own countries. But you can be certain that countries with leftist governments and oppositions, (ahem!), will eagerly embrace digital currencies and will abandon cash, because it will give them absolute power over their proles. And take a look at what will then happen:
https://youtu.be/nefJeBeA8cs
(3m 21s video)
20
Haven’t you heard of IOUs?
00
Here is a more relaxed attitude towards the expansion of the BRIC block from Peter Ziehan, a very interesting analyst who has a short video every day on some item of topical interest.
https://www.youtube.com/watch?v=7tG7hh-Vx2A
The message that they dont have enough community of interest to support any policy to put pressure on other countries.
30
BRICS is the future. If Australia cared about its sovereignity and really wanted to prosper and help their citizens they would change buses as the one thay are currently on is driven by an adled psychopath and is headed towards a cliff.
31
BRICS is composed of some unsavoury characters, however its written in the rules that member states cannot criticise fellow members on their political behaviour. So we won’t be joining anytime soon.
They are attempting to weaken the dollar as a Reserve currency by withdrawing from the US bond market. Its a house of cards and will almost certainly flounder with the return of the gold standard.
I agree that we should give up being the deputy sheriff in the South Pacific.
00
Our Western governments defy economic logic. In Australia we have a treasurer convinced his job is to fund socialism, not the economy. He even wants to mold the two together, with socialism his prime concern. Unbelievable! No real job experience, tutored by Wayne, his report for 2063 was all about funding socialist ideas from a moribund economy coming from his hands and Albo’s. Reading Paul Kelly, it’s all about getting poor nationally and sharing the decreasing GDP by large increases in taxation; we all go down together.
He’s confused. Booming economies produce high GDPs. Current or lower rates of taxation with minimalist government interference in businesses about which it is totally unfamiliar, except to screw over, will provide sufficient government incomes with which to social services. Chalmers’ rationale is irrational; just worry about forcing the funding and don’t worry about the productive side of the economy that produces it. His mad idea is to produce our coming poverty. Social disruption will be managed by government power enhanced by the breakdown of the separation of powers principle displayed during COVID-19.
The BRICS, with those nations wanting to join the bloc, are spectators to the West eating itself as politicians seek to stay in power forever. They’ve experienced where that leads. Take over, economic and political, by the marxists with its destitution. The West has spent 70years warning them to resist marxism. They see the Democratic West doing just that. The USA is the lesson of the loss of separation of powers. BRICS are logical. Who wants to join the mad West as it destroys itself. All coming from the hubris of naive brainless, or should that really be the opposite ie scheming political leaders intent on absolute rule over the nation, if not the New World. ‘You will own nothing’! Is that what Chalmers and Albo are all about.
20