What Was The BRICS+ Summit Really About? De-dollarization Is The Least Of Worries For The Neocon "Empire".
Posted by freedomforall 7 months, 4 weeks ago to Politics
Excerpt:
"In 2023, the topic of de-dollarization has been all the rage. It’s been a non-stop barrage of hype and hyperbole. The din of de-dollarization talk became so loud in the lead up to the recent BRICS Summit that it drowned out what was really on the agenda for those few days.
This talk came from all sides, from the BRICS leaders themselves as well as the western press dominated by both British and Davos interests.
People fell all over themselves talking up the “BRICS gold-backed currency” trying to edge each other out in being ahead of the curve on this issue. After a while it became another moment to ask who benefits from all of this amplification?
I’ve been writing about these things for years, knowing that those who control the production of commodities would ultimately get tired of the wealth extraction schemes operated by the financialization masters in New York, London, and Zurich.
It was only a matter of time before they would make their move.
And I can tell you for real that I’ve never been amplified on any subject like this until such time as people in Moscow, Brussels and Beijing wanted this commentary out there.
Don’t take this for grousing, because it isn’t. It’s just an observation born of years of experience. I’ve come to understand what a lack of amplification means; that this is the story no one wants to be told.
So, this begs the question, why do they want it told now?
In many ways this is how I know I’m usually on the right track with respect to a particular issue. It’s my forever internalizing the baseball great Wee Willy Keeler who famously said that baseball is an easy game, “Just hit ’em where they ain’t.”
So, a lot of important someones wanted us to know about de-dollarization this year. They had their reasons to promote this concept. And, as always, it has to do with influencing global capital flow while distracting the commentary from what was really on the agenda.
For Davos de-dollarization is just another attack vector on the United States. By playing up the problems the US has domestically as well as geopolitically they create uncertainty. Capital hates uncertainty.
Throw in a purposefully-belligerent and incompetent “Biden” administration and you have a perfect cocktail of uncertainty which keeps capital markets globally distrustful of both the near-term policy mixed with the long-term trends.
...
But, back to the BRICS. If de-dollarization wasn’t the point of the Summit this year, then what was?
Expansion.
And not just expansion for the sake of expansion, but geographically strategic expansion.
The BRICS formally added six countries — Iran, Saudi Arabia, United Arab Emirates, Argentina, Egypt and Ethiopia. They could have added others and almost added Algeria if not for a last-minute veto by India on behalf of France.
Algeria is symbolic of the fight between Italy and France for access to African oil and gas. There can be no Ital-exit from the EU without Italy minimizing France’s influence in North Africa, shoring up its energy needs as collateral for a return to the lira.
Thankfully, with the help of Russia and China, the Africans are taking care of the Italians’ French Problem all on their own.
If there is one common theme beyond the geography (more on that in a bit) with all six of these countries it is their relationship with the supposedly former British empire. From the Arab states and Egypt to those that defied the Brits in the past — e.g. Iran and Argentina — these additions represent a power shift that is profound.
One look at the world map should make this point crystal clear."
-----------------------------------------------
Read on for the rational analysis.
"In 2023, the topic of de-dollarization has been all the rage. It’s been a non-stop barrage of hype and hyperbole. The din of de-dollarization talk became so loud in the lead up to the recent BRICS Summit that it drowned out what was really on the agenda for those few days.
This talk came from all sides, from the BRICS leaders themselves as well as the western press dominated by both British and Davos interests.
People fell all over themselves talking up the “BRICS gold-backed currency” trying to edge each other out in being ahead of the curve on this issue. After a while it became another moment to ask who benefits from all of this amplification?
I’ve been writing about these things for years, knowing that those who control the production of commodities would ultimately get tired of the wealth extraction schemes operated by the financialization masters in New York, London, and Zurich.
It was only a matter of time before they would make their move.
And I can tell you for real that I’ve never been amplified on any subject like this until such time as people in Moscow, Brussels and Beijing wanted this commentary out there.
Don’t take this for grousing, because it isn’t. It’s just an observation born of years of experience. I’ve come to understand what a lack of amplification means; that this is the story no one wants to be told.
So, this begs the question, why do they want it told now?
In many ways this is how I know I’m usually on the right track with respect to a particular issue. It’s my forever internalizing the baseball great Wee Willy Keeler who famously said that baseball is an easy game, “Just hit ’em where they ain’t.”
So, a lot of important someones wanted us to know about de-dollarization this year. They had their reasons to promote this concept. And, as always, it has to do with influencing global capital flow while distracting the commentary from what was really on the agenda.
For Davos de-dollarization is just another attack vector on the United States. By playing up the problems the US has domestically as well as geopolitically they create uncertainty. Capital hates uncertainty.
Throw in a purposefully-belligerent and incompetent “Biden” administration and you have a perfect cocktail of uncertainty which keeps capital markets globally distrustful of both the near-term policy mixed with the long-term trends.
...
But, back to the BRICS. If de-dollarization wasn’t the point of the Summit this year, then what was?
Expansion.
And not just expansion for the sake of expansion, but geographically strategic expansion.
The BRICS formally added six countries — Iran, Saudi Arabia, United Arab Emirates, Argentina, Egypt and Ethiopia. They could have added others and almost added Algeria if not for a last-minute veto by India on behalf of France.
Algeria is symbolic of the fight between Italy and France for access to African oil and gas. There can be no Ital-exit from the EU without Italy minimizing France’s influence in North Africa, shoring up its energy needs as collateral for a return to the lira.
Thankfully, with the help of Russia and China, the Africans are taking care of the Italians’ French Problem all on their own.
If there is one common theme beyond the geography (more on that in a bit) with all six of these countries it is their relationship with the supposedly former British empire. From the Arab states and Egypt to those that defied the Brits in the past — e.g. Iran and Argentina — these additions represent a power shift that is profound.
One look at the world map should make this point crystal clear."
-----------------------------------------------
Read on for the rational analysis.
He’s one of the smartest financial people you’ll never hear about. Because he sees through all the lies. On one hand France will sit there and Virtue Signal how WOKE they are. While on the other they economically rape the people of Niger with a shitty exchange rate. And their insufferably leftist populace thinks everything is fine because they have no idea how much things actually cost in the first place.