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:
Items #3-#6 will become a truly effective BRICS security council.
#7-#14 foreshadow the international reserve currency called for by the PBOC in 20092.
Items #18-#20 have already incarnated as the Global Energy Interconnect, GEIDCO, with $15 trillion already invested in connecting national grids to move energy around the globe with the sun, wind, and tides. This massive development has received no Western coverage.
Items #21–#24 will green all that energy.
Items #27–#33 will replace the politicized WHO.
Items #42–#49 will truly internationalize eduction.
Let your imagination run free as you scan the list:
BRICS Ministers of Foreign Affairs and International Relations (met 10 June)
BRICS Central Bank Governors and Finance Ministers
BRICS National Security Advisors and High Representatives (met 10-11). Will probably merge with SCO.
BRICS Deputy Foreign Ministers and Special Envoys (met 25 April)
BRICS Counter-Terrorism Working Group and CTWG Position Paper. SCO, ditto.
BRICS Anti-Drug Working Group (met 22 May)
New Development Bank–investment platform to boost BRICS FDI
BRICS Interbank Cooperation Mechanism (mBridge)
BRICS Economic Partnership for 2025 Strategy.
BRICS Cross-Border Payments Initiative (mBridge)
BRICS Payments Task Force. (mBridge)
BRICS Clear feasibility study (International Central Securities Depository)
BRICS (Re)Insurance Company
BRICS Contingent Reserve Arrangement
BRICS Economic Bulletin
BRICS Rapid Information Security Channel for financial cyber resilience
BRICS Institute of AI Future Networks Study Group
BRICS Energy Research Cooperation Platform.
BRICS Just Energy Transition Report
BRICS Youth Energy Summit (met 27-28 September)
BRICS Carbon Markets Partnership
BRICS Contact Group on Climate Change and Sustainable Development (Ministers met 28 June).
BRICS Geological Platform.
BRICS Environmentally Sound Technology Platform
BRICS Cooperation Platform on Kimberly Process diamond certification
BRICS Transport Ministers (met 6 June 2024)
BRICS R&D Vaccine Center
BRICS TB Research Network
BRICS Conference on Antimicrobial Resistence
BRICS Nuclear Medicine Forum (met 20-21 June 2024) and publication of BRICS Review of Best Practices in Nuclear Medicine
BRICS Health Journal
BRICS Medical Association
BRICS Public Health Institute Network
BRICS Heads of Space Agencies
BRICS Tourism Forum (met 20-21 June 2024)
BRICS International Competition Law and Policy Center (conference in 2025)
BRICS Customs Administrations Joint Action Plan
BRICS Customs Training Centers of Excellence
BRICS Heads of Tax Authorities Governance Framework
BRICS Joint Statistical Publications.
BRICS Intellectual Property Offices
BRICS Science, Technology, and Innovation (STI) for funding collaborative research
BRICS University Network
BRICS Technical and Vocational Education and Training
BRICS Digital Education Cooperation Mechanism
BRICS Ministers of Education
BRICS Geographer’s Day for geographical and geospatial sciences research
Global Education Meeting (in Brazil, 2025)
BRICS Academic Forum
BRICS Business Council
BRICS New Technology Platform
BRICS Solutions Award
BRICS Youth Summit
BRICS Youth Council
BRICS Parliamentary Forum (met 11-12 July 2024)
BRICS Political Parties Dialogue (met June 2024)
BRICS Urbanisation Forum
BRICS Friendship Cities and Local Governments Cooperation Forum
BRICS Municipal Forum
BRICS Business Forum
BRICS Women’s Business Alliance Digital Platform
BRICS Women’s Entrepreneurship Forum (met 3-4 June 2024)
BRICS Women’s Startups Contest
BRICS Civil Forum
BRICS Think Tank Council and Network for Finance
Civil BRICS Council
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!
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.
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”.
As an aside, the use of a now commonplace acronym, GFC, instead of Global Financial Crisis, serves only to reinforce the exculpation and/or sanitisation of America’s ‘money men’, whose criminality, venality and recklessness resulted in a crash which rapidly metastasised across the world, forcing billions of people, everywhere, into poverty, homelessness, totally inadequate pensions, depleted savings and lives of quiet desperation.
And to add insult to injury, virtually the same oligarchs who fucked up the world in 2008, are now prominent amongst those leading the charge for a great reset, a new world order presided over by a one-world-government intent upon restoring profitability through the exploitation of a global serfdom. Their arrogance, personified by Klaus Schwab, is both breathtaking and frightening.
the G7 and similar colonizers clubs have a core mission of retaining hegemony and its exploitative relationship with the rest of the world. The global majority needs a platform to disengage from the colonizers.
the darkest chapter in human history is the cancerous birth and growth of colonialism and its offspring neocolonialism as practiced today. the world needs to exterminate the cancer and restore collective health of global economics and politics based on sovereign independence and freedom of choice as President Putin called for on many occasions.