BRICS

By Johan Galtung
“View” meaning not only a glimpse from above, but a position taken on the world on which the US electorate is now dumping Donald Trump.

On November 8, Indian Prime Minister Narendra Modi announced that ‘the 500 rupee and 1,000 rupee currency notes presently in use will no longer be legal tender from midnight’.
This step of demonetisation was taken ostensibly for curbing black money and counterfeit currency notes.
As per Reserve Bank of India (RBI) figures, the higher denomination notes of Rs 500 and Rs 1000 constitute 86.4 per cent of the total currency in circulation in the economy, by value. Therefore, with the stroke of a pen, the government nullified 86 per cent of the currency in the economy.

Modern history will record November 8, 2016 as the day when the United States of America officially decided to vote for a global retreat – from the heady rhetoric of ‘Let’s make the world a better place’ to “Let’s make America great again”.
Americans have voted for building a wall to protect what they have, against the dream of global dominance. This surely marks the end of the uni-polar world as we know it.

The President of Russia answered questions from Russian journalists following the BRICS Summit in Goa President Vladimir Putin answered questions from Russian journalists     Question: Much is being said

“China and Russia have their work cut out for them, fighting for their countries, peoples, ways of life, and indirectly, for humanity’s 99% and the survival of our Pale Blue Dot. This, against the onslaught of Western racism, capitalism, colonialism, imperialism, false flags, war, subterfuge and fascism.” — Jeff Brown (Image)

by Pepe Escobar for Russia Today: You may have never heard of LEMOA. In Global South terms, LEMOA (Logistics Exchange Memorandum Agreement) is quite a big thing, signed in late

By Lyuba Lulko | Pravda | August 23, 2016 This heartbreaking story made headlines in all American newspapers and television channels. When American swimmers were robbed at a gas station in Rio de Janeiro, the reports about the incident appeared as “breaking news” in most of US publications. It has been recently revealed, however, that […]

South Africa’s collaboration in BRICS is aimed at contributing in a positive manner to the formation of global solutions to global challenges, says Nkoana-Mashabane [XInhua]
The BRICS Post (TBP) editor-in-chief Zeenat Saberin recently interviewed South Africa’s Minister of International Relations and Cooperation Maite Nkoana-Mashabane about the challenges of violence the continent faces, and the prospects of regional and global cooperation.

India’s junior Foreign Minister Mubashir Javed Akbar met Assad in Damascus on 20 August 2016 [Image: Ministry of External Affairs, India] The BRICS Post | August 22, 2016 During a weekend meeting with an Indian official, Syrian President Bashar al-Assad has invited India to play an active role in the reconstruction of the Syrian economy. India’s junior […]

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.