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[–]penelopepnortneyBecome ungovernable[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Excerpt:

The 23rd summit of the heads of state of the Shanghai Cooperation Organization (SCO), held virtually in New Delhi, represented History in the making: three BRICS (Russia, India, China), plus Pakistan and four Central Asian “stans” (Kazakhstan, Kyrgyzstan, Uzbekistan, and Tajikistan), finally and formally, welcomed the Islamic Republic of Iran as a permanent member.

And next year will be Belarus’ turn, as confirmed by India’s First Deputy Foreign Minister Vinay Kvatra. Belarus and Mongolia took part in the 2023 summit as observers, and fiercely independent Turkmenistan, as a guest.

The heart of the matter is of course the drive towards a fair multipolar world order – the polar opposite of the Hegemon-imposed “rules-based international order.” And the three key nodes are mutual security; trade in local currencies, and eventually, de-dollarization.

So the Holy Grail is a new supranational trade currency for BRICS, SCO, and EAEU. And it’s essential that its reserve status does not allow overriding power to one nation, as it happens with the US dollar.

The only practical means of tying the new trade currency to a basket of multiple commodities – not to mention a basket of national interests - would be through gold.

Lukashenko called it: The merging of BRICS and SCO seems virtually inevitable.

A BRICS-SCO trade bloc will make western sanctions absolutely meaningless. It will affirm total independence from the US dollar, offer an array of financial alternatives to SWIFT, and encourage close military and intel cooperation against serial black ops by the Five Eyes, part of the ongoing Hybrid Wars.

In terms of peaceful development, West Asia has shown the way. The minute Saudi Arabia sided with China and Russia – and is now a candidate to both BRICS and SCO membership – there was a new game in town.

(more at the link)