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OpEdNews Op Eds    H3'ed 6/29/22

Behind the Tin Curtain - BRICS+ vs NATO/G7

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Pepe Escobar
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Once upon a time, there existed an Iron Curtain which divided the continent of Europe. Coined by former British Prime Minister Winston Churchill, the term was in reference to the then-Soviet Union's efforts to create a physical and ideological boundary with the west. The latter, for its part, pursued a policy of containment against the spread and influence of communism.

Fast forward to the contemporary era of techno-feudalism, and there now exists what should be called a Tin Curtain, fabricated by the fearful, clueless, collective west, via G7 and NATO - this time, to essentially contain the integration of the Global South.

BRICS against G7

The most recent and significant example of this integration has been the coming out of BRICS+ at last week's online summit hosted by Beijing. This went far beyond establishing the lineaments of a 'new G8,' let alone an alternative to the G7.

Just look at the interlocutors of the five historical BRICS (Brazil, Russia, India, China, South Africa): we find a microcosm of the Global South, encompassing Southeast Asia, Central Asia, West Asia, Africa and South America - truly putting the "Global" in the Global South.

Revealingly, Russian President Vladimir Putin's clear messages during the Beijing summit, in sharp contrast to G7 propaganda, were actually addressed to the whole Global South:

  • Russia will fulfill its obligations to supply energy and fertilizers.
  • Russia expects a good grain harvest - and to supply up to 50 million tons to world markets.
  • Russia will ensure passage of grain ships into international waters even as Kiev mined Ukrainian ports.
  • The negative situation on Ukrainian grain is artificially inflated.
  • The sharp increase in inflation around the world is the result of the irresponsibility of G7 countries, not Operation Z in Ukraine.
  • The imbalance of world relations has been brewing for a long time and has become an inevitable result of the erosion of international law.

An alternative system

Putin also directly addressed one of the key themes that the BRICS have been discussing in depth since the 2000s " the design and implementation of an international reserve currency.

"The Russian Financial Messaging System is open for connection with banks of the BRICS countries."

"The Russian MIR payment system is expanding its presence. We are exploring the possibility of creating an international reserve currency based on the basket of BRICS currencies," the Russian leader said.

This is inevitable after the hysterical western sanctions post-Operation Z; the total de-dollarization imposed upon Moscow; and increasing trade between BRICS nations. For instance, by 2030, a quarter of the planet's oil demand will come from China and India, with Russia as the major supplier.

The "RIC" in BRICS simply cannot risk being locked out of a G7-dominated financial system. Even tightrope-walking India is starting to catch the drift.

Who speaks for the 'international community?'

At its current stage, BRICS represent 40 percent of world population, 25 percent of the global economy, 18 percent of world trade, and contribute over 50 percent for world economic growth. All indicators are on the way up.

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Pepe Escobar is an independent geopolitical analyst. He writes for RT, Sputnik and TomDispatch, and is a frequent contributor to websites and radio and TV shows ranging from the US to East Asia. He is the former roving correspondent for Asia (more...)
 

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