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Post by Entendance on Jul 8, 2024 3:13:16 GMT -5
World Silver Prices Live US$ Gold PriceLive US$ Silver Price
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Stronger Russia-India Ties to Benefit Peoples of Two Countries - Modi
Russia's mineable gold est. 11,000 metric tons
2nd highest globally, expect them to be one of the world's largest gold miners for the foreseeable decades ahead
Russian NWF stacks Gold Bullion too
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Post by Entendance on Jul 10, 2024 2:05:28 GMT -5
London metals trader Andrew Maguire uses this week's "Live from the Vault" program from Kinesis Money to describe how he sees China using derivatives on the Shanghai Futures Exchange to extract gold from Western markets and hedge itself against what it expects will be more U.S. economic sanctions under a Trump administration.
Maguire adds that the U.S. Federal Reserve is now the only major trader short gold, and he shows charts indicating steady upward stairsteps for both gold and silver prices. Both metals, he says, are explosive.
China uses Shanghai futures to drain Western gold, Maguire tells LFTV
🚨 U.S. DECLINE: Prepare for Massive Bank Crashes, Economic Downturn Is Accelerating | Interview with Prof. Richard Wolff (Part 1)
🚨 U.S. HEGEMONY ENDS: Rapid Economic Decline, U.S. Political Turmoil, Hyperinflation & Rise of BRICS | Interview with Prof. Richard D. Wolff (Part 2)
'...The defeat of the West
In this regard, the only dictatorial axis on a global scale is precisely, and only the planetary minority represented by Western regimes. And their hysteria continues to grow more and more both in the context of the imminent defeat on the military level, in particular within the framework of the Special Military Operation led by our country, as well as in general taking into account all the reality of the contemporary multipolar world – in the demographic, economic and informational components.
By the way, the countries of the BRICS, SCO, as well as quite simply the large part of the Eurasia, Africa and Latin America states must already be ready for the primitive accusations from the Western minority where the latter will assert by gesticulating that the defeat of the West against Russia is due precisely to the fact that the non-Western countries of the world have refused to follow the collective West in its attempts to isolate and to bring the Russian nation to its knees. Just like the fact that Western elements had nevertheless acted with the “best intentions”. But today it is obvious to everyone that no one intends to massively listen to this nonsense and lies...'
'The days of Washington and its Western minions playing divide and rule are over because they have discredited themselves irreparably...'
'No Joke, The Petrodollar is Already Dead'
We are deeply into a currency war.
Things are progressing pretty much as expected.
Gold and Silver are flowing from West to East.
The Anglo-American currency hegemony is being sustained by force and fraud, with the reliance on force increasing steadily. -Jesse
'The Saudi decision not to renew the 50-year-old petrodollar system is both a symptom of the gradual erosion of the US-led and US-centred global financial order and indicates the imminent arrival of alternative systems of financial transactions in currencies other than the USD. This is, at one and the same time, both a collapse of the existing world order and the establishment of a new, alternative, multipolar world order. Whereas policymakers in the West appear to have spent too much time denying such possibilities, Riyadh seems to have already begun to adjust itself to new realities, leaving the space open for other countries to follow. Ironically, Washington has only itself to blame for the mess...' On the Death of the Petrodollar System |
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Post by Entendance on Jul 14, 2024 4:38:29 GMT -5
'...Going Around Rather than Replacing the Dollar For me  , debating a gold-backed new currency or “end of the dollar” drama thesis is missing the bullseye.
The facts and evolving history of today and tomorrow suggest that the real story is not about replacing the dollar, but simply going around it in a new price direction paved in both black and real gold.
Toward that end, look at what the rest of the world and its central banks are doing, not what they (or our financial leadership) are saying:
Since 2008’s GFC, Putin has been hording gold;
Since 2014, global central banks have been net-sellers of USTs and net buyers of physical gold;
In 2023, 20% of global oil sales were outside of the USD;
Despite being pegged to the USD, Saudi Arabia, the UAE, and other GCC nations’ favorite import out of Switzerland this year is physical gold;
More than 44 nations are currently executing trade settlements outside of the USD;
Both Japan and China, historically the most reliable buyers of Uncle Sam’s IOUs, are now dumping billions and billions worth of them;
Russia is the world’s greatest commodity exporter, and China is the world’s greatest commodity importer—and they like each other far more than they do Biden or the next White House resident; more importantly, it is a matter of national survival for China to buy oil outside the USD;
Russia is now selling oil to China in yuan, which the Russians then use to buy Chinese goods (once made in America); thereafter, any delta in the trade is net settled in gold (not dollars) on the Shanghai Exchange. This, folks, is BRICS scalable (think India…);
Between swap lines, the CIPS alternative to the SWIFT system and rising negotiations between Gulf oil nations and other BRICS+ big-whigs, the current move away from dollar-denominated oil trades is real rather than imaginary;
Given the growing decline of physical gold and silver levels in the New York and London exchanges, they can no longer price fix gold as in the days of yore, nor can they justify a different 200 moving day gold price than one more fairly priced in China’s exchange;
The BRICS+ nations are no longer USD pawns but rising rooks. Their share of global GDP is surpassing that of the G-7;
In 2023, the Bank of International Settlements declared physical gold a tier-one asset alongside the 10Y UST;
Nations are openly (and naturally) preferring gold as a reserve asset over the other “tier-one” option–a dollar-based IOU of “risk-free-return,” which by any honest (current and future) measure of inflation offers a negative real yield, in other words: “return-free-risk;”
No matter how enamored the green crowd is of ESG, we are decades and decades (as well as trillions and trillions) away from carbon-neutral, and like it or not, energy matters and fossil fuels literally fuel the world;
China and India each have populations of over 1.4B. If oil demand increases even slightly in either of these BRICS countries, oil prices in rupees and yuan (and every other fiat currency) will explode—and two of the biggest players in the oil space don’t want to use dollars to pay for it. Instead, they’d prefer to net settle their oil and gas in gold, which buys more energy than dollars can;
Given that the annual production capacity for oil is 12-15X that of global gold, and with gold increasingly becoming the favored oil payment, gold’s price relative to oil can only go up;
This explains why gold is openly (not theoretically) becoming a more trusted reserve asset than the UST:
In short, Energy matters, and rather than the USD being the base layer of money (see above), energy very well could be.
And THAT, folks, is how a system changes “violently and or militarily,” as most US direct and proxy wars have something to do with…oil.
And that oil, by the way, is increasingly being net-settled in gold—day by day, and minute by minute, for the simple reason that history is like a hockey puck: You play where it is headed (gold), not where it sits (the USD).
The Other Bullies Are Coming Together
Returning to the prior assumptions of the Immortal Dollar thesis above, if money is whatever the strongest bully/power says it is, what happens to the previous notion of “money” when a collection of rising and resource-rich bullies/powers (BRICS+) is growing stronger, and their preferred focus is oil and not the dollar?
What happens after a neutral reserve asset is weaponized against a major nuclear power and energy exporter (Russia) already in financial bed with the world’s largest energy importer (China)?
The answer is simple: That once “immortal” reserve currency is less trusted and hence less in demand.
Is it any coincidence, for example, that after DC weaponized the USD, the BRICS+ roster of nations increased to include the major oil exporters?...
In short, there’s a far better “king” than the USD—it was always there.
...The central bankers just don’t want you to see it...'
And this precious king has a crown of gold rather than paper.
Which king will you choose?'
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Post by Entendance on Jul 15, 2024 10:16:55 GMT -5
'...Now, and specifically regarding future prospects. First, the Western regimes formulas and ultimatums – that is over. Any peace agreement that is currently purely theoretical will be based on the military front realities – current and future, and within which the NATO bloc and its Banderist puppets cannot dictate anything. While taking into account other conditions recently expressed by our country’s leadership. Second – no Western platforms. From now on, everything must take place in one or more territories representing the world majority – in this sense, there is no options shortage.
Another very important point. Any possible negotiations must take place between A) Russia with other representatives of the BRICS and the Global South nations and B) Western regimes. Although, and with regard to this last point in relation to the West – the representatives of the Washingtonian regime should be more than enough, the presence of the vassals from the Brussels Europe not being really necessary. As for the puppets from Kiev – in the event that their masters accept a real negotiation process before a possible complete capitulation and the total defeat of the NATO-Banderist forces – should logically be entrusted with a purely observational role with nods of their heads in sign of acceptance – nothing more.
And finally, one very last thing. For the moment, the West will probably not yet fully accept all these conditions – hoping until the end to be able to turn the situation around or at least to be able to move away a little from the status of the openly losing side.
This means that from a military perspective, the Russian Armed Forces will continue to liberate new territories and the reality on the ground will naturally be taken into account when Western regimes would simply beg for peace talks. It will then become definitely clear whether it is worth, or whether it will simply be a complete and unconditional capitulation of the enemies of Russia and the multipolar world order.'
No Western formula – the decision will be up to the world majority
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Post by Entendance on Jul 20, 2024 3:11:02 GMT -5
The Foreign Investors Who Bought the Recklessly Ballooning US Debt: July Update
Who is still buying the US debt is an increasingly important question. Here are the foreign investors
'...The finger was pointed directly at a major global cybersecurity firm ironically called Crowdstrike which turns out to be a World Economic Forum partner.
The same transnational organization that makes dramatic trailers and war games about global cyber panics and system shutdown threats.
And so today many millions of workers and those seeking services were left in the digital world lurch as system failures worldwide caused canceled flights, ATMs not to function, and basically the biggest IT failure in world history according to experts.
In an increasingly digitally leveraged world that seems hell-bent on having next to no backup plans or systemic redundancy responses in case of grid failures. This is one of the big driving forces to owning prudent physical bullion positions outright and rainy-day physical fiat cash on hand...'
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Post by Entendance on Jul 21, 2024 1:44:45 GMT -5
‼️ INDIA SLASHES IMPORT TAXES ON GOLD + SILVER TO 6%
- Import duties were reduced by 60%
- Import duties were 15% for Gold and Silver
- Retail demand is expected to jump
 Turkiye needs to apply for the membership in BRICS as soon as possible to free itself from the "hegemony of the Atlantic," the deputy leader of Turkiye's Patriotic Party (Vatan), Hakan Topkurulu, told SputnikTurkiye Needs to Apply for BRICS Membership Promptly
🔴 Evil OR Desperate? U.S. Treasury Secretary Janet Yellen Pushes G20 to Support the U.S. Economic War on China
As Mrs. Yellen is heading to the finance ministers' meeting in Rio, her primary goal is to garner support for anti-China policies...
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Post by Entendance on Jul 24, 2024 2:18:23 GMT -5
While the United States added a record amount of new Solar PV capacity last year, it pales in comparison to the Chinese Solar Behemoth. The numbers were literally off the charts, which is why there was a huge increase in global industrial silver consumption in 2023…
!!
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Post by Entendance on Jul 27, 2024 5:41:48 GMT -5
Multipolarity, peace and cooperation have become the primary focus for the Global Majority... -Lena Petrova here
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Post by Entendance on Aug 2, 2024 3:08:29 GMT -5
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Post by Entendance on Aug 3, 2024 5:09:59 GMT -5
Venezuela could hand energy rights to BRICS – Maduro
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Post by Entendance on Aug 4, 2024 12:16:41 GMT -5
'...The purpose of BRICS+ is to counter Western hegemony. Yet, China, its leader and largest economy, has appeared no bolder than some actors within hegemonic forces like the European Union. It has limited itself to supportive rhetoric and some diplomatic initiatives, while Russia has been conspicuously muted and India openly pro-Israel.
BRICS+ could have done much more to try to stop the genocide. They could have done much more to tangibly support the people of Gaza in their most painful moment. But they did not.
America is calling BRICS+’s bluff and exposing it as a paper tiger. With the exception of South Africa and Iran, the bloc simply hasn’t met the moment. That means the United States has made its point. It is still the world’s superpower until BRICS+ can prove otherwise.'
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Post by Entendance on Aug 10, 2024 4:53:21 GMT -5
'Washington is trying to create a military bloc...'
Venezuela Will Contribute to BRICS With Its Largest Oil Reserves in World - Deputy UN Envoy
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Post by Entendance on Aug 12, 2024 1:58:50 GMT -5
  '...If Maduro is consistent with his words and, supported by the radical mobilization of the Chavista masses, expels the large American and European companies from Venezuela, he will begin to nip in the bud all the harm caused to his people in recent years. These companies, instead of contributing to Venezuela’s economic and social development, drain its wealth, stuff it into their owners’ pockets and, on top of that, finance the coup opposition with that money – when they don’t openly steal the country’s money, as happened with Citgo in the United States or Venezuelan gold in England...'
Silver can solve major global problems such as wars, debt crises, inflation, recession, and crime by implementing a constrained monetary system and reducing the incentive for war.
The importance of silver in addressing global challenges is a thought-provoking concept that challenges traditional solutions.
Silver is claimed to solve five of the world’s biggest problems: Wars, debt crisis, inflation, recession, and crime.
Only a select few really benefit from wars, while the mass government spending and debt financing have long-term negative effects on the economy.
The US economy is facing a recession despite claims of strength, with inflation rates potentially much higher than reported.
The massive increase in money supply in the past two or three years has led to a 40-year high in inflation, causing unprecedented volatility in the economy.
Canada is now the car theft capital of the world, with a car being stolen every five minutes.
Silver eliminates Wars because printed money finances them.
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Post by Entendance on Aug 16, 2024 12:14:23 GMT -5
 'Whatever our opinions about Russia and Putin, he is a keen observer of international affairs: buying Gold is the right thing to do.'
Bullion dealer Andrew Schectman of Miles Franklin in Minnesota, the guest on this week's installment of Kinesis Money's Live from the Vault program with London metals trader Andrew Maguire, discusses the Bank for International Settlements' orchestration of a shift away from the U.S. dollar to Gold as the primary world reserve currency... Miles Franklin's Andrew Schectman, on LFTV, reviews how the BIS is shifting the world back to Gold
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Post by Entendance on Aug 20, 2024 1:38:46 GMT -5
'The BRICS clearly want to trade something real for something real...' ↕️
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Post by Entendance on Aug 22, 2024 8:28:05 GMT -5
Russian President Vladimir Putin hosted PA President Mahmoud Abbas in Moscow earlier this month...
Central banks continue orderly buying of Gold in anticipation of BRICs move, Maguire says Central banks continue to purchase gold in an orderly way, waiting for the occasional U.S. Federal Reserve-instigated price smashes to load up in anticipation of a formal remonetization of the monetary metal by the BRICs group in October, London metals trader Andrew Maguire tells this week's edition of Kinesis Money's "Live from the Vault" program. Analyzing an intricate gold price chart, Maguire shows that price dips lately have been shallow and have been bought, and he expects that to continue...
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Post by Entendance on Aug 27, 2024 4:31:35 GMT -5
Market commentator Bill Holter joins London metals trader Andrew Maguire on this week's edition of Kinesis Money's "Live from the Vault" program, discussing the likely incorporation of gold into the trading currency contemplated by the BRICS nations, as well as the longstanding manipulation of the monetary metals markets...
17:30 Gold and Silver are the only money without counterparty risk
23:30 The BRICS 40% Gold-backed currency unit
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Post by Entendance on Aug 31, 2024 2:37:30 GMT -5
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Post by Entendance on Sept 1, 2024 2:07:04 GMT -5
Il Forum Municipale Brics è stato un enorme successo di cooperazione internazionale e un enorme passo più in la verso il nuovo mondo multipolare che è già prevalso contro quello unipolare dell’egemonia Americana e che sta combattendo contro il Nuovo Ordine Mondiale del World Economic Forum...
As the BRICS Bank (the New Development Bank) approves $1 billion dollars in financing for the much-needed South African water infrastructure, the IMF continues to corner developing nations into accepting loan terms with predatory, less than favorable terms.
The BRICS bank recently approved a new member, Algeria. The NDB President, Dilma Rousseff, says the goal is to serve the Global South with a focus on long-term infrastructure project financing...
'There were many voices of concern and dismay at the announcement by the Russian Foreign Minister, Serguei Lavrov, declaring the temporary suspension of new accessions to the BRICS bloc. Dark clouds soon appeared over the multipolar world, especially when it was announced that there would be a waiting list of 40 countries willing to join the bloc. Was Lavrov’s announcement so unexpected?
Without a strong, cohesive and harmonious BRICS bloc, an organized, peaceful and cooperative multipolar world will be threatened. The ability to make economic cooperation (mainly) the backdrop against which contradictions between nations, unilaterally and bilaterally considered, will be sidelined in favor of a greater good, from which everyone equally benefits, is, in my opinion, the great strength of a bloc like the BRICS.
However, history tells us that empires don’t die in peace and that their replacement by new forms of government — not always more advanced — is almost never without setbacks and bumps in the road. That is why it is to be expected that the Western hegemonic power, led by the U.S., will continue, until its strength, to prevent collective understandings that weaken its dominance, is exhausted. The multipolar world is itself the negation of any hegemonic domination.
So, while everyone was able to witness president Lula da Silva’s drift, demanding from Bolivarian Venezuela what he doesn’t demand of any other country with elections — that it demonstrate that its institutions work, not in accordance with its respective national law, but in accordance with the Rules-Based Order — it is also true that this behavior startled everyone who, like me, longs and fights for a fairer world. The truth is that the Brazilian president’s slipping into the narrative sphere imposed by the U.S. and its “international” order raises many questions when it comes to BRICS.
Considering these facts, what is the status of Venezuela’s entry into the BRICS? Does Lula da Silva’s Brazil now have the moral conditions to accept Venezuela’s entry into the BRICS? What will be left of its image if it accepts, without impositions or conditions? Will he return to the support of a sovereign Venezuela? What fractures will came from a negative Brazilian attitude towards the entry of Bolivarian Venezuela in the bloc (that’s the one we’re talking about, the other one would never enter)? Wasn’t this Lula da Silva’s real coup? To create the political conditions to justify not accepting Venezuela’s entry into the BRICS? And who will benefit from this? What country, and what bloc, is interested in the world’s largest oil reserves not being integrated into a sphere of economic cooperation largely influenced by Russia and China? Certainly not Brazil.
Whether or not these questions have a material basis to support them, Lula da Silva’s position on the Venezuelan elections puts a deep dent in the future expansion of the BRICS in Latin America, since after Argentina, which declined, and Chile, whose president betrayed the trust of the Chilean people, Venezuela would be the next candidate. After all, once again, who will benefit from blocking the expansion of the BRICS in Latin and Central America?
Russia and China certainly won’t have liked this drift at all, and although they won’t say so, they won’t have failed to read it for what it is: an attempt to subject Venezuela to a political process that will bring it into the sphere of the U.S. “Rules-Based Order”. Placing that country in the limbo in which all the others find themselves, with the exception of Cuba and Nicaragua. They want to belong to the multipolar world, but they’re not allowed to; they could leave the rules-based order, but they don’t want to, or they don’t have the strength and courage to.
While these issues are among the serious contradictions to be faced by the bloc and which are unlikely to be answered at the conference scheduled for Kazan in October 2024, there is another process which, in my opinion, is much more pernicious and dangerous for the very existence of the bloc. A BRICS with its current characteristics and maintaining the capacity to unite political groups that are committed to the multilateralism. This is about the situation in India and the reasons behind Modi’s visit to Kiev, his embrace of Zelensky and the mistreatment suffered and swallowed by the president of the most populous country, at the hands of the former president of the country that has lost the most population in the world in such a short space of time. Some recent counts put Ukraine at 19 million inhabitants. In 1991 it had over 50 million!
Some Indian analysts have raised the possibility that President Modi visited Ukraine, among other things, because he needed to complete the modernization and maintenance of the Antonov fleet (40 An-32s in Ukraine and 65 in India), which has been underway since 2009. Apparently, according to the website The Print, the Russians are refusing to deliver parts so that Ukraine can complete the work on the five planes that are there. The other reason for the visit focused on cooperation in the naval industry, particularly in relation to ship engines used by India, whose Zorya-Mashproekt factory in Mykolaev was destroyed by Russian forces in 2022. According to the Indian Defense News website, Modi admitted Zelensky’s recriminations so that Bharat Forge would buy 51% of Zorya, thus guaranteeing the production of naval gas turbines. India is also taking part in the plundering of Ukraine. As it seems from the beginning, Modi was paying tribute in order to be allowed for India to take a share of Ukraine’s national wealth.
If you can see from this the caricature that result from the reasons why Modi went to Kiev to “kiss hands”, wanting to modernize his naval fleet in order to be able to stand up to his Chinese rival, there are other situations that not only put the interests of countries in the bloc in direct opposition (as in the case of India vs. China, in which India rushes militarily to catch up with China and serves as a destination for the relocations of companies that the U.S. wants to remove from PRC), but also, and above all, those that pit the interests of countries in the bloc against the direct interests of the enemies of multipolarity itself: the USA. On the other hand, the fact that India is installing Ukrainian turbines on Russian-made frigates (Project 11356 frigates to be delivered in the next two years) is absolutely significant in all this complexity.
India is currently a major exporter of light weapons, essentially. And who is its biggest buyer? The Unite States (France and Israel too). Much of this weaponry consists of ammunition, particularly 155mm ammunition, the ammunition most lacking in Ukraine. It’s good to see that Ukraine is now a destination for Indian ammunition, indirectly, if necessary, transiting from New Delhi to Washington and Paris and, there, replenishing stocks and freeing up others — or the same ones — to be thrown at its “strategic” Russian friend and partner. Do you want a bigger contradiction than that? India, directly and indirectly, buys military technology and supplies weapons that will be used by the army hired by NATO against Russia. India, now one of the world’s largest military exporters, has a direct interest in the Donbass war. A war waged by NATO against one important friend.
And if India’s “support” for Kiev, in itself, puts everything in very unethical and transparent terms, making hypocrisy and cynicism the main facilitators of bilateral and multilateral relations in the BRICS, what about the supply of Brahmos missiles, as also announced by The Print, to the Philippines? Brahmos missiles are supersonic cruise missiles (Mach 2.8) and were developed in a joint project with Russia. These missiles are also anti-ship and will be used by the Philippines against… China! But it doesn’t stop there: the Philippines is on its way to becoming the “Ukraine” of the South China Sea, used by the U.S. as a monumental naval base for its “containment” project against the Asian giant. Finally, the U.S. now has privileged access to one of Russia’s most advanced missile technologies. The new version of these missiles (the Brahmos II) is hypersonic and has evolved from the first version.
Now, when the contradictions are political, everyone has taken note; when they become economic, many have dismissed them; but now, the contradictions are becoming military and in the midst of a desperate arms race, from which not even Brazil escapes. We are all aware of the greed for Brazilian public arms companies felt by the countries of the Rules-Based Order. Brazil contributing to the bombing of Russia would not only be a betrayal, it would clarify the situation.
If we can’t find a solution to all these contradictions in the institutional and regulatory sphere, there will come a time when some clarity will emerge from this confusion. Some kind of synthesis will emerge from the thesis and the antithesis. For the time being, it is my opinion that Russia is the biggest stakeholder (at least momentarily) in the success of the BRICS. The second major stakeholder is China. The BRICS are a vaccine (like the Shanghai Cooperation Organization) against attempts to isolate these two countries from other countries with international clout. India and Brazil have a lot of interest in the BRICS, but this is diffusely considered in these countries and reconciled — almost never prioritized — with interests related to belonging to the Rules-Based Order (cases of the G20), in some extent, at least. South Africa is in a similar limbo, but with even less choice.
So, it won’t be easy to resolve these problems and what happens in Kazan will determine how deep Lula and Modi have buried the splinter in the heart of the organization. Time will tell to what extent each will push for — or bury — the organization. If it seems to us that Russia — and China — are pulling more than the others… that’s not good news for the multipolar world.
Let’s hope it’s nothing!'
As China rises, Asia rises with it. The Southeast Asian state of the Philippines stood to rise alongside the rest of the region until relatively recently as the United States successfully convinces the Philippines to do otherwise...
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Post by Entendance on Sept 3, 2024 2:52:44 GMT -5
Andy Schectman joins Mike Adams for emergency update: - Emergency Interview Introduction and Background (0:01)
- Turkey's Potential BRICS Membership and Its Implications (2:47)
- Global Currency Embargo and the Bretton Woods System (5:35)
- The Unit Settlement Currency and Project Enbridge (10:25)
- The Role of Gold and the Future of the Dollar (31:33)
- The Mechanics of the Unit Settlement Currency (34:59)
- The Impact of Gold and Silver on the Financial System (35:13)
- The Role of Miles Franklin and Gold and Silver Investments (49:34)
- The Future of the BRICS and the Global Financial System (56:20)
- Conclusion and Final Thoughts (56:40)
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Post by Entendance on Sept 5, 2024 12:33:05 GMT -5
- Turkey's Potential BRICS Membership and Its Implications (0:00)
- Military Technology and Global Competition (4:25)
- US-Israel Relations and Turkey's Stance (7:03)
- BRICS and the US's Global Isolation (11:16)
- The Invasion of Illegals and US Policies (14:58)
- The Ukraine-Russia Conflict and US Involvement (18:03)
- The Future of Ukraine and Russian Strategy (18:34)
- The Failure of Western Europe and the Need for Change (28:33)
- The Role of Our Country, Our Choice (35:55)
- Iran's Strategic Patience and US-Israel Relations (42:41)
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Post by Entendance on Sept 8, 2024 1:55:23 GMT -5
The dollar has to crash because if it does not, nothing is going to change. They used the dollar to build Babylon. The financial system is how they control anybody and everybody. This includes elections, politicians and presidents. Everything is controlled by the Federal Reserve that is not federal and has no reserves. I believe the dollar will lose one third of its value overnight. Again, there is a big probability that it happens in September or October. If it does go down overnight by one third, that will break the bond market or collapse the bond market. It will also suddenly collapse all mortgages. It will be the complete and utter destruction of the financial system. This is fulfilling prophecy, and that is ‘The brothers of Goliath (the BRICS nations of Brazil, Russia, India and China). They stand in glee; we will cripple you.’ They will ruin the credit of the US. So, the financial credit system of the United States will be destroyed by the collapse of the dollar when the BRICS attack. Gold and silver prices will go much higher this year. -Bo Polny here
Le chef du groupe de travail du Conseil d’affaires des BRICS, Mikhaïlishine, a confirmé les projets des BRICS visant à créer une unité de compte des BRICS (similaire au DTS) avec 40 % d’or, 60 % de devises des BRICS, une plateforme pour les règlements internationaux en devises numériques des BRICS et un système de paiement
 China is ready with 40,000 tonnes of gold for new trading system, Maguire says |
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Post by Entendance on Sept 12, 2024 3:55:55 GMT -5
Total of 34 Countries Express Desire to Join BRICS in One Form or Another - Putin
The BRICS summit in Kazan is only a few weeks away. Should we expect the expansion of the alliance? What criteria should partner countries meet? How is the ‘Collective West’ reacting to BRICS strengthening of its position on the world stage? This was covered in an exclusive interview by Deputy Minister of Foreign Affairs of the Russian Federation, Russian Sherpa for BRICS Sergey Alekseevich RYABKOV to New Eastern Outlook.
– Sergey Alexeyevich, last year in August BRICS doubled in size, an unprecedented case internationally. How is the process of integrating new members going?
– The decision taken at the summit in Johannesburg in 2023 on the expansion of BRICS can be called historical without exaggeration. Since the 1st of January 2024, Egypt, Iran, the United Arab Emirates, Saudi Arabia and Ethiopia have joined BRICS.
Each of the new participants has a rich history and culture, vast economic potential and plays a significant role not only in their region, but also in the international arena. They all share the fundamental values of BRICS, including the spirit of solidarity, equality, mutual respect, openness, inclusivity and consensus. In this sense, their involvement in the association certainly increases the profile of BRICS in world affairs and its ability to make a decisive contribution to building a more democratic, fair system of international relations that meets the interests of the World Majority.
Ensuring the consolidation of partnership in the expanded association and the organic integration of new members into the entire architecture of the BRICS strategic partnership is one of the priorities of our BRICS presidency this year, and we have made significant progress on this path. From the first months of their membership, the ‘recruits’ have been actively involved in the work, demonstrate a constructive focus on deepening practical cooperation and offer their own very interesting initiatives.
– During the first meeting of BRICS Sherpas and Sous-Sherpas during the Russian presidency, you stated that “the expansion of BRICS will aid in building a new, fair world order”. How would you describe the reaction of the ‘Collective West’ to this process?
– The world is consistently and irreversibly moving towards multipolarity. The world order built on the hegemony of the Western minority is gradually being replaced by a system with multiple poles and civilizational platforms. Multilateral structures are coming to the fore, interaction within which is based on the principles of equality, openness and mutual respect, and decisions are made following the results of comprehensive discussions on the basis of consensus.
And BRICS is one of them. The association plays the role of an important institution of multilateral cooperation, which does not seek to weaken anyone or take anyone’s place, but is aimed at creating, forming and maintaining favourable conditions for sustained growth, building up the socio-economic, innovative and human potential of its participants, and aiding in solving the pressing problems of developing countries and emerging markets, as well as increasing their representation in the system of global governance.
Naturally, the activities of the BRICS, which embodies a more equitable approach to the decision-making process on the global agenda, are equated with a new polycentric world order among the countries of the ‘Collective West’. It evokes distaste and rejection in them. But our absolute priority is to develop stable ties with the states of the World Majority, which are showing growing interest in deepening cooperation with BRICS.
– Currently, more than 30 countries have expressed their desire to join the association. The Johannesburg summit aimed to work out the categories of members states and to create an approximate list. Have the main criteria, which partner states must meet, been chosen yet?
– Following last year’s meeting of BRICS leaders in South Africa, the foreign ministers were tasked with formulating the modality of a new category of ‘partner states’ and making a list of potential candidates. This task is in its final stage. We expect to present its results this October at the BRICS summit in Kazan.
Of course, in terms of candidates to receive this status we are considering like-minded states committed to the BRICS values, including promoting the formation of a democratic multipolar world, strengthening global security and stability, respecting the principles of the UN Charter and international law, rejecting unilateral coercive measures, reforming the multilateral architecture of global governance so that the voice of the Global South and East will be louder and will be heard.
– Today, the focus is on the category of partner states; does this mean that further BRICS expansion is not planned in the near future? What are the boundaries of the association’s expansion?
– Considering the twofold expansion of the BRICS this year, it is probably premature to talk about a new wave. We cannot forget about the need to maintain the achieved level of practical cooperation in the BRICS format, to ensure high-quality practical benefits from the already established mechanisms. However, we cannot ignore the growing interest of the states of the Global South and East in strengthening contacts with BRICS. At the moment, more than thirty states have expressed such a desire in one form or another. The doors of the association remain open to all those who are interested in a trusting and equal dialogue and share the values of BRICS.
As the chairman-state of the association this year, we are trying to build a balance between expansion and efficiency. In addition to working on the category of partner countries, we involve like-minded people in cooperation in various BRICS formats – wherever it is possible and there is demand. Of course, we work in close contact and consultation with our partners in the association.
Since the beginning of the year, we have already held a number of meetings with the invitation of like-minded countries. In this context, I would like to note the meeting of foreign ministers (Nizhny Novgorod,10th-11th of June), the BRICS Interparty Forum (Vladivostok, 18th-19th of June), the Parliamentary Forum (St. Petersburg, July 11-12), the International Municipal Forum (Moscow, 27th-28th of August). Athletes from 82 countries took part in the BRICS Games held in Kazan on 12th-13th of June.
An expanded session with the participation of partners from Asia, Africa, the Middle East, Latin America and the Eurasian space is scheduled for the XVI BRICS Summit in Kazan on the 22nd-24th of October.
– The share of BRICS countries in global GDP (by purchasing power parity, PPP) increased by 0.6% in 2023. Numbers showed a record 35.7%. At the same time, the economies of the G7 countries decreased by 0.4%, reaching 29%. In your opinion, how will these figures change this year?
– As you have noted, the contribution of BRICS to the global economy is substantial. With the expansion of the association this year, its share in global GDP has, naturally, become even more significant.
In its new, expanded configuration, BRICS covers over 30% of the world’s landmass, encompasses 45% of the global population (3.6 billion people). If one considers IMF statistics, then by the end of 2024, the share of BRICS countries in global GDP (by PPP) will exceed 36% and growth rates will be 4.6%, which is almost 1.4% than the global average (3.2%), not to mention that of the G7 (1.7%). States of the BRICS account for over 40% of the total volume of oil production and around a quarter of global exports of goods.
The resource, innovative-technological and human potential of BRICS states is a good foundation for strengthening the positions of the association’s members in the global economy and the basis for increasing their role in the system of global governance. This reflects the general tendency of business activity shifting towards new centres of economic influence emerging in Asia, Africa, Latin America and other regionals in the world.
– Talking about a single BRICS currency today is premature. The main focus of member states should be on forming the conditions for the widespread use of national currencies in mutual payments. Also, BRICS countries are working on the creation of alternative mechanisms for the transfer of financial information. Which steps are being taken in this regard?
– De-dollarisation is becoming an objective, global tendency. BRICS countries, as well as a number of others, are aiming to decrease their dependence on the US dollar, which is caused by growing distrust of the reliability of the Western financial system, which is being used by Washington and its European satellites more and more as an instrument of blackmail and imposing its political will.
The creation of an independent payment and settlement infrastructure resistant to the pressure of sanctions is a key element in strengthening the autonomy and financial sovereignty of BRICS countries. In this regard, at the BRICS summit in Johannesburg, finance ministers and central bank heads of BRICS states were instructed to work out issues pertaining to the use of national currencies, payment instruments and platforms in mutual trade transactions. Relevant departments are actively engaged in the issue of linking the financial markets of BRICS countries and the introduction of new mutual settlement mechanisms.
For example, a draft multilateral platform for cross-border payments for equal access of all BRICS countries to available financial instruments with a high level of protection of transmitted financial messages and minimal costs, including using innovative tools, has been submitted to partners for consideration.
– The BRICS summit in October will have the whole world’s eyes on it. Which countries have been invited to the summit? Should one expect any critical decisions to be made?
– We have invited the leaders of more than 30 countries to participate: BRICS state leaders, partners in CIS, Africa, Asia and Latin America, as well as heads of the secretariats of regional and international integrations (including, of course, the Eurasian Economic Union, the Commonwealth of Independent States, the Shanghai Cooperation Organisation). I will not mention individual states. Speaking about specifics of events at the summit level is, in our practice, for obvious reasons, the prerogative of the Administration of the President of the Russian Federation.
Any BRICS summit is a certain milestone in the development of the association and the interaction of the entire Global South and East, increasing its voice in the global governance system, which in itself is an important contribution to the formation of a multipolar world order. We are not chasing sensations; we are oriented toward practical results. We are thoroughly working to strengthen and deepen our strategic partnership in all areas, including in the fields of politics and security, economics and finance and the humanitarian dimension, as well as to find solutions to relevant issues on the international agenda.
– Sergey Alexeyevich, we thank you for your honest and sincere dialogue and wish you fruitful work for the good of our country. We await the results of the BRICS summit in Kazan.
12.09.2024 Yuliya Novitskaya
Sergey Ryabkov: “We are not chasing sensations; we are oriented toward practical results”
September 11, 2024 Lorenzo Maria Pacini
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Post by Entendance on Sept 13, 2024 1:43:51 GMT -5
'The BRICS bloc is now growing stronger not only through its geoeconomic and geopolitical power, as well as the enormous interest for the international organization in various parts of the world and within the states of the Global South, but also now in the framework of expanding the spheres of interaction within one of the multipolar world order main structures.
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Post by Entendance on Sept 14, 2024 4:22:12 GMT -5
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Post by Entendance on Sept 17, 2024 10:46:56 GMT -5
 Speculation mounting BRICS to announce a Gold-backed trading currency to break the greenback’s hold on global finance...
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Post by Entendance on Sept 21, 2024 9:31:53 GMT -5
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Post by Entendance on Sept 27, 2024 3:57:16 GMT -5
Future growth will be concentrated in BRICS nations, the Russian president has predicted
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Post by Entendance on Sept 28, 2024 5:15:54 GMT -5
“This should be THE BIGGEST news of all, bigger even than the US Presidential election because it comes first. If the BRICS completely cut SWIFT ties prior to the election, will we even have an election? Cutting ties to SWIFT collapses the US Treasury and dollar markets. In other words, lights out and game over! Have you heard a single word about this from the mainstream media? Maybe the biggest financial news since 1944, yet only 5 in 100 are even aware of it. Talk about a complete blindside!” -Bill’s Commentary
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Post by Entendance on Sept 29, 2024 2:43:53 GMT -5
Guinea-Bissau Backs Trade in National Currencies, Supports BRICS - Foreign Minister
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