BRICS

This tag is associated with 554 posts

How A Collapse In South America Could Trigger Martial Law In The U.S.

By Brandon Smith If an economic system collapses in the woods and no one is paying attention, are there any consequences outside the woods? Well, yes, of course. As with most situations financial and global, however, consequences are not usually taken very seriously until they have spawned a vast bog of sewage we all have to then … Continue reading

Potholes Emerging In China’s New Silk Road

By Salman Rafi Sheikh, Asia Sentinel The acknowledgement by Xu Shanda, a retired Chinese deputy director of the State Administration of Taxation, last week regarding potential losses of Silk Road projects has drawn widespread attention as it challenges the prevailing myth of an indomitable and inevitable system in which ultimately all roads will lead to Beijing. The … Continue reading

The Calm Before The Coming Global Storm

By Pepe Escobar Major turbulence seems to be the name of the game in 2016. Yet the current turbulence may be interpreted as the calm before the next, devastating geopolitical/financial storm. Let’s review the current state of play via the dilemmas afflicting the House of Saud, the EU and BRICS members Russia, Brazil and China.   … Continue reading

The “Empire Of Chaos” Strikes Back Against Brazil, Russia, And China

By Pepe Escobar Soon after the impeachment motion against President Dilma Rousseff was approved in the Brazilian Congress by what I chose to call Hybrid War hyenas, President-in-Waiting Michel “Brutus” Temer, one of the coup’s articulators, dispatched a senator to Washington as special paperboy to deliver the news on the coup in progress. The senator in question … Continue reading

Taking The Petro Out Of The Dollar

By Alasdair Macleod Saudi Arabia has been in the news recently for several interconnected reasons. Underlying it all is a spendthrift country that is rapidly becoming insolvent. While the House of Saud remains strongly resistant to change, a mixture of reality and power-play is likely to dominate domestic politics in the coming years, following the ascendancy … Continue reading

What Is The State Of The BRICS Economies?

By Mark Esposito, Amit Kapoor, Deepti Mathur The BRICS club (Brazil, Russia, India, China and South Africa), which used to be known for its tremendous growth potential, is today in the midst of severe economic and political woes. Apart from the Federal rate increase which has contributed to the mounting debt burden for these economies; falling … Continue reading

World War III Has Begun: Paul Craig Roberts

By Paul Craig Roberts The Third World War is currently being fought. How long before it moves into its hot stage? Washington is currently conducting economic and propaganda warfare against four members of the five bloc group of countries known as BRICS – Brazil, Russia, India, China, and South Africa. Brazil and South Africa are being … Continue reading

The Collapse Of The Western Fiat Monetary System May Have Already Begun

By Peter Koenig On 19 April 2016, China was rolling out its new gold-backed yuan. Russia’s ruble has been fully supported by gold for the last couple of years. Nobody in the western media talks about it. Why would they? – A western reader may start wondering why he is constantly stressed by a US … Continue reading

Washington Launches Its Attack Against BRICS

By Paul Craig Roberts Having removed the reformist President of Argentina, Cristina Fernandez de Kirchner, Washington is now disposing of the reformist President of Brazil, Dilma Rousseff. Washington used a federal judge to order Argentina to sacrifice its debt restructuring program in order to pay US vulture funds the full value of defaulted Argentine bonds that … Continue reading

Making Sense Of China’s Gold Fix And Hungary’s Dim Sum Offering

By Marc Chandler, Marc to Market Blog Yesterday, China launched its first gold fix.  It will offer a fixing twice a day going forward yuan. The Shanghai Gold Exchange established the fix the same way it is done in London and New York, by prices submitted by financial institutions.  In China’s case, 18 institutions, including two foreign … Continue reading

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