ER Editor: About Argentina making a BRICS application, Benjamin Fulford had this to say in his Monday posting:
A big BRICS plus gathering last week also made it clear most of the rest of the world also agrees on the end of the US Corporation-dominated post-war system.
At this gathering, the BRICS (Brazil, Russia, India, China and South Africa) met with representatives from many countries including Argentina, Bangladesh, Egypt, Egypt, Indonesia, Kazakhstan, Nigeria, the UAE, Saudi Arabia, Senegal, Thailand and Uruguay among many others.
https://www.zerohedge.com/geopolitical/escobar-exile-main-street-sound-unipolar-world-fading-away
Argentina’s President Alberto Fernández requested BRICS membership at the meeting. This is very good news because it means Argentina has asked for Russian and Chinese etc. military help to deal with Khazarian mafia rogue elements who bought up 1,000 miles of Patagonian coastline to use as a hideout during their planned nuclear war, Mossad sources say.
At the meeting, the BRICS leaders agreed to use the Contingent Reserve Arrangement (CRA) mechanism as an alternative to the IMF. They also called for an international reserve currency based on the currencies of BRICS member-states, Russian President Vladimir Putin said on Wednesday
https://tass.com/economy/1469823
To back up these plans both Europe and the US are being cut off from oil and gas supplies by the rest of the world.
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Readers may also be interested in this Zerohedge piece titled BRICS Summit Reaffirms That Russia Not As Isolated As NATO Suggests. Of note:
A picture was painted by journalists and politicians of a completely isolated Russia, destroyed by a global cancel culture campaign that would de-nation them. In reality, Russian trade, specifically their oil trade, has actually expanded. Both China and India have increased their purchases of Russian oil while enjoying discounted prices. Simultaneously, Europe and the US are suffering from oil and gas inflation and the EU is cutting vital oil and gas supplies from Russia.
Any economist with a brain and a familiarity with the BRICS could have predicted this outcome, but the bias within the mainstream media is a powerful thing. If there were any doubts that the BRICS might distance themselves from Russia, these were put to rest in the BRICS statement on the Ukraine situation. While supporting humanitarian efforts within Ukraine as well as diplomatic solutions, the BRICS member took swipes and NATO countries for opportunism and instigation. In other words, there will be no breakup with Russia and BRICS markets will continue to remain open to them.
This means that Russia’s war with Ukraine will be sustainable for many months to come, which means that sanctions and economic warfare will continue for many months to come. Supply chain disruptions will continue unabated as Russian commodities remain off the market for the west, and this will add to the already high inflation we are currently dealing with.
Further economic escalation could even lead to BRICS allies engaging in trade warfare as well. The situation has a powderkeg potential beyond anything the world has seen in decades.
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Iran and Argentina apply to join BRICS
Samizdat (RT)
The Islamic Republic of Iran has officially submitted its application to join the group of five emerging economies made up of Brazil, Russia, India, China, and South Africa, the foreign ministry in Tehran announced on Monday. The move comes after the Iranian president addressed the BRICS summit last week.
While BRICS is not a treaty bloc, it has a “very creative mechanism with broad aspects,” Iranian Foreign Ministry spokesman Saeed Khatibzadeh said on Monday, according to the Tasnim news agency. He added that Tehran has already had “a series of consultations” with BRICS about the application.
Iran’s membership would “add value” for everyone involved, said Khatibzadeh, noting that BRICS members account for up to 30% of the world’s GDP and 40% of the global population.
On Friday, Iranian President Ebrahim Raisi addressed the BRICS virtual summit hosted by China, and expressed Tehran’s readiness to share its capabilities and potentials with the group.
Argentina has also applied to join BRICS. President Alberto Fernandez on Friday urged the creation of cooperation mechanisms that could represent the alternative to ostensibly private institutions run by – and in the interest of – the West.
During the session on Wednesday, Russian President Vladimir Putin said that the five-member group was working on setting up a new global reserve currency “based on a basket of currencies of our countries.”
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Source
Featured image source: https://www.thezimbabwemail.com/world-news/brics-summit-south-africa-to-strengthen-ties-with-russia-china-and-partners/
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