Alfredo Jalife-Rahme
In an interview to Financial Times, spokesman for Britain’s neoliberal globalist monarchy, influential economist Jim O’Neill, 66, ridiculed the eventual divisa BRICS
of the group today pentapartite, on the eve of its tectonic summit in Johannesburg.
It has been the trend of globalist multimedia in the Anglosphere to insult the Divisa BRICS
as a “misconception”https://on.ft.com/45wD2Wv)” when the non-chinese members
-obviously; the rest of the other four countries: Brazil, Russia, India and South Africa – “could increase their dependence on Beijing (https://on.ft.com/3QJoVsA)”, in addition to challenge the hegemony of the United States in the world of currencies
.
O’Neill is fierce against the group, whose acronym he coined 22 (sic) years ago in a publication for Goldman Sachs (https://bit.ly/3qvvRz5): has never achieved anything since its first summit
.
Financial Times misinforms that the host of the BRICS summit from August 22 to 24 in South Africa has stated that a BRICS currency is not on your agenda
while “Russia and China urge the bloc to challenge the US dollar’s status as the world’s reserve currency
.
O’Neill’s nodal critic – today a prominent adviser to Chatham House (https://bit.ly/3qEOWik): one of the maximum think tank British – focuses on the fact that creating a common currency for five strongly divergent economies would be unfeasible
in addition to ridiculous (mega-sic!)
.
O’Neill asks sarcastically: Are they going to create a BRICS central bank? How would they do it?
. And it is answered: It’s almost embarrassing (sic)
.
22 years ago, when O’Neill coined the successful acronym BRIC (still without South Africa), the geopolitical context was totally different, as his proposal was for the BRICs to be absorbed into the G-7 due to their enormous potential. economic, in order to reconfigure and strengthen political and economic governance when the United States still reigned unipolarly.
Today, 22 years later, when measuring the purchasing power of GDP (Power Purchase Parity), the BRICS – now added to South Africa, which joined in 2010 – have surpassed the G-7 (https://bit.ly/47EB08v).
What’s more: the BRICS pentapartite is about to take a quantum leap to enter the phase of BRICS+
with a probable mass membership of new partners when more than 40 (sic) countries are on the waiting list (https://reut.rs/3KKDybr).
O’Neill underestimates and underestimates the scope of the BRICS+
and is reluctant to accept the new multipolar order of de-dollarization: Beyond the powerful symbolism (sic), I don’t know what they are trying to achieve
.
He dilutes his heady unipolar dollarcentric wine by confessing that the dominance of the dollar in the global financial system was not beneficial for emerging countries
when the role of the dollar is not ideal (sic) for the way the world has evolved (sic)
given that all (sic) these economies that live in this inexhaustible cyclical turn of what the Federal Reserve decides to do, be it in the interest of the United States
.
About other predictions that the yen, euro or renminbi would eventually surpass the dollar
O’Neill sentence that none of these things (sic) will happen until these countries want their currencies to be used by people in other parts of the world
.
Anguished by the de-dollarization of the BRICS+, Financial Times bulges a recent statement by Leslie Maasdorp, vice president and financial boss of the New Development Bank (the BRICS Bank
) that the block of more than 3 billion inhabitants was not in a position to create a common currency
. We shall see …
In reference to the fact that there are reports
–which does not need Financial Times (the old trick)–, that India opposes proposal to include more members
as China, Russia, Brazil and South Africa want, O’Neill takes pleasure in the divergences between China and India: It’s a good job for the West that China and India never agree on anything, because if they do, the dollar’s dominance would be much more vulnerable.
.
The ideal of the Anglosphere is a war between India and China!
The Conference
