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BRICS to end dollar rule and USA's supremacy

BRICS to end dollar rule and USA's supremacy

10.04.2012 11:13

The BRICS countries (Brazil, Russia, India, China and South Africa) in late March held a summit in New Delhi, which can be considered the beginning of a new global financial and political order. In five years this world will be unrecognizable.

The Anglo-Saxon model of governance of the world that flourished in the 1990s is losing its way and is being replaced by the Sino-Russian one. Yuan came close to international recognition, and with the adoption of Brazil and India into the UN Security Council the West will lose its political hegemony.

In 2008, the Wall Street's practice of inflating financial bubbles in alliance with the U.S. Congress led to the collapse of neoliberalism. As Western politicians have not been able to build a coherent model of its resuscitation, the financial crisis is smoothly transforming into the political one. If President Obama advocates for the return of the industry to the country, what kind of subsequent prosperity of the United States are we talking about? The globalized economy has gradually shifted production to China, India and Brazil, where labor is cheaper, and tax and other legislation is much softer. So far there are no obvious reasons as to why Obama will return it to the United States.

This year, the BRICS countries provided 56 percent of world GDP growth, while the share of the richest of seven (G7) is only 9.5. In 2035 the BRICS countries will outrun G7 in terms of the economic potential. The volume of trade within the block grew from $27 billion in 2002 to $250 billion in 2011.

The main interests of the groups include the need to change the present world order, which is based on the global leadership of the U.S. dollar and its leading position as a major world currency. This order was approved by the agreements in Bretton Woods in 1944, at the end of World War II. The U.S. allies in Europe panicked before the inevitable spread of Soviet socialism and were happy to have hidden under the wing of the economically powerful neighbor in the Atlantic.

The economic rationale for cooperation among the BRICS is clear today, but more serious political points of contact are found. Here Russia rules, because it was President Medvedev who most emphatically called for political unity. The unity for the first time was obvious on the Libyan issue...finish reading...

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Could this lead to hyperinflation? Could this lead to the downfall of our currency? If so, what does it mean, now that the FED has bought up 61% of debt?

Ron brought the Liberty movement together, Rand is expanding the crap out of it! :)

You forgot to mention

Japan has signed a non US trade deal with Chinain 2011.
Australia has agreed a currency swap with China in the last week or so.
China has offered Yuan international loans. The first ever direct competition to the Fed. OK china only has around $2tn to play with at the moment. It s the principle that is important.
Japan is remodelling it's defense to be less reliant on the US.
China is remodelling it's armed forces to better cope with a "more tecnologically advanced foe".
Russia is building infrastructure to direct more energy to China rather than Europe.
South Africa has got a whole bunch of other African countries interested in non USD trade deals. After all China has already done a whole load of natural resource deals with African countries.

So there is the US
And there are 4 or 5 of the next largest countries on the other side.
A whole chunk of Europe is now not enamoured with the US and this proportion will grow as the European debt problem explodes and stories get out.

"In the end, more than they wanted freedom, they wanted security. They wanted a comfortable life, and they lost it all -- security, comfort, and freedom. When ... the freedom they wished for was freedom from responsibility, then Athens ceased to be free."

This is consistent with

the reports by Benjamin Fulford, formally of Forbes magazine. He has reported on the law suit file by the "Dragon family". These reports discuss creation of a new monetary system.