BRICS

The currencies of three BRICS economies have steadily strengthened against the US dollar in recent weeks.
Brazil’s real, Russia’s ruble and South Africa’s rand have benefited from a ‘pause’ in the momentum to raise interest rates, particularly in the US.
All three countries have battled recession in contrast to BRICS members China and India, which are forecast to grow 6.7 per cent and 7.6 per cent, respectively, in 2016.
The rand is up nearly 15 per cent against the dollar in 2016 after suffering a significant slump in mid-2015.

Of all the BRICS countries, India has been the stand-out economic performer in the last few years. Alexander Rost, Regional Head Indian Subcontinent & ASEAN at Commerzbank, explains the factors behind its recent success, and sets out a blueprint for sustaining the country’s economy through industry and trade.
In recent years, BRICS countries, on the whole, have faced significant political and economic challenges.

21st Century Wire says…
Is a new theatre of conflict about to open?

The AntiDiplomatico (Italy) interviews philosopher, Andre Vltchek: “Russia and China are forming an incredible defensive wall to protect humanity from Western terrorism.”
Andre Vltchek has become renowned in Italy for being the co-author, along with Noam Chomsky, of the famous book Western Terrorism (Ponte alle Grazie).

In order to understand the hype surrounding the phenomena of Islamic radicalism and terrorism, we need to understand the prevailing global economic order and its prognosis. What the pragmatic economists have forecasted about the free market capitalism has turned out to be true; whether we like it or not. A kind of global economic entropy has set into motion. The money is flowing from the area of high monetary density to the area of low monetary density.

From Secretary of State Hillary Clinton, October 2011 as the wars in Iraq and Afghanistan appeared to be ending:

Dear Mr. President Xi Jinping,
Dear Mr. President Vladimir Putin,
The re-emerging specter of nuclear catastrophe is once again haunting the world.
The West is trying to isolate and provoke two great, proud, powerful and sovereign countries; China and Russia. It appears that the pathological desire to gain (or more precisely, re-gain) full control over the entire world is fully restraining all remaining flickers of rationale and humanism inside the brains of the politicians and business ‘elites’ in Washington, London and elsewhere.

The stakes could not be higher. Not only the future of the BRICS, but the future of a new multipolar world is in the balance. And it all hinges on

The ouster of Brazil’s left-of-center president was the latest right-wing victory in Latin America, but was this “quiet coup” driven by local politics or part of a broader U.S. strategy to reclaim dominance over its “backyard,” asks Ted Snider. By…Read more →

Who needs NATO, R2P (“responsibility to protect”) or “moderate rebels” when you can get your regime change just by tweaking a nation’s political/judicial system?
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