BRICS against Dollar Dominance or the US as Global Stronghold of Evil
Nil NIKANDROV | 18.07.2014 | WORLD

BRICS against Dollar Dominance or the US as Global Stronghold of Evil

The process of bloody globalization going on a rampage is slowly becoming a thing of the past as raw awakening is gradually stepping in. The US blitzkrieg aimed at achieving global dominance controlled by Washington under the slogan of «unipolar democracy» is seen as a failure by the rest of the world. But the administration of Obama is not ready to concede defeat and continues to be seeking pretexts to start wars using provocations and black propaganda to create the images of enemies. 

Brazil, Russia, India, China and South Africa – the countries which make up the group of BRICS drastically change the contemporary world. One of the trends is doing away with the financial system that emerged after the Second World War. BRICS wants to put an end to the dollar dominance or the use of green funny money to buy everything that has material value accompanied by constant cheating on the part of the United States. 

Speaking at the VI BRICS summit in Brasilia (July 15-16), President Vladimir Putin said the reform of international financial-currency system has become ripe since a long time ago because it was putting the group at disadvantage and hindering the progress of new world economies, «In the BRICS case we see a whole set of coinciding strategic interests. First of all, this is the common intention to reform the international monetary and financial system. In the present form it is unjust to the BRICS countries and to new economies in general. We should take a more active part in the IMF and the World Bank's decision-making system. The international monetary system itself depends a lot on the US dollar, or, to be precise, on the monetary and financial policy of the US authorities. The BRICS countries want to change this». There is an urgent need to include BRICS as an equal partner into the decision making process of the International Monetary Fund and the World Bank. 

In Fortaleza BRICS signed the Declaration and Joint Plan of Action. The declaration reflects the common vision of contemporary political and economic situation in the world and defines the plans of further cooperation. The plan sets the missions to carry out till the next summit to take place in Russia in 2015. All global media outlets reported about the setup of the New Development Bank (NDB) with the headquarters in Shanghai and the $100 billion BRICS contingency reserve arrangement (CRA) will be raised from the member countries’ central bank reserves while capital for the group’s development bank will come from national budgets. According to President Putin, «BRICS Bank will be one of the major multilateral development finance institutions in this world.» «In terms of escalating international competition the task of activating the trade and investment cooperation between BRICS member states becomes important,» the Russian leader said. 

Bringing emerging economies closer has become vital at a time when the world is guttered by the financial crisis and BRICS countries can’t remain above international problems, said Brazil's President Dilma Rousseff. She cautioned the world not to see BRICS deals as a desire to dominate. «We want justice and equal rights,» she said. «The IMF should urgently revise distribution of voting rights to reflect the importance of emerging economies globally,» Rousseff said. According to the Brazilian President, the group has to great extent mitigated the negative impact of the global crisis on world finances and the economic growth. The creation of the new development Bank and the BRICS contingency reserve arrangement (CRA) shows that no matter cultural, ethnic and linguistic differences exist, the group is ready to create a sound and positive strategic alliance to counter instability on international arena. Dilma Rousseff emphasizes that the group has emerged not to get together against anyone but to serve its own interests. She believes BRICS facilitates the prosperity of the planet. 

The five BRICS countries represent almost 3 billion people with a combined nominal GDP of US$16.039 trillion and an estimated US$4 trillion in combined foreign reserves. As of 2014, the BRICS nations represented 21 percent of the world economy. The BRICS countries now account for 11% of global capital investment, and trade turnover almost doubled in the last 5 years. The trade turnover inside the group has doubled in recent years and it’s just a start. The Russian experts have prepared the BRICS Strategy for Economic Cooperation. Its implementation will let he group gain the leading positions in the world economy. 

A BRICS-UNASUR (the Union of South American Nations) summit also took place. Anti-BRICS propaganda had predicted the participation of only «populist leaders» – Venezuelan President Nicolas Maduro, Ecuadoran leader Rafael Correa, the President of Bolivia Evo Morales and, perhaps, «eccentric» sometime President of Uruguay Jose Mujica. Instead, all South American leaders came to Brazil to personally see the BRICS heads of states and get the information about the group’s activities firsthand. Trade and economy topped the agenda. South America wants to get the most from its contacts with the «Big Five». 

President Maduro said the summit was to protect the multipolar world. In Venezuela the concept is reflected in the state policy set forth in Venezuela's Second Socialist Plan of the Nation 2013-2019, or Homeland Plan. The goal is to ensure the influx of petrodollars required for the country's socioeconomic development without compromising the maximum oil recovery in the long term. The document has been approved by the National Assembly. The Venezuelan leader believes his country needs a new economic order to be created by Latin Americans on their own continent. He said the meeting was of historic importance getting together the South Americans to choose their own way of development and the five most fast-growing nations in the world. 

There were bilateral meetings with South American counterparts. Vladimir Putin held fruitful talks with the presidents of Bolivia, Uruguay and Venezuela. 

Washington used the issue of Ukraine to intensify the propaganda campaign against Russia against the background of BRICS-UNASUR summit. Earlier on July 15 Obama urged EU envoys to impose tougher measures against Russia. In case the EU leaders refuse to adopt new sanctions, the White House would act unilaterally. The ambassadors of the European Union were invited to the White House. The US exerted hard pressure to make European countries adopt tough measures against Russia to «punish it for the aggression». The new sanctions, the first so-called «sectoral sanctions» used by the U.S. against Russia, hit a number of banks, like, for instance: OAO Gazprombank and VEB and some Russian energy firms, like OAO Novatek, Rosneft, Kalashnikov limiting their access to the United States’ capital markets. Some high standing officials are also on the list. Even before the announcement of the sanctions Foreign Affairs Sergey Lavrov commented on July 15, «It is sad that the president of the great power approaches such issues from such a position,» he told reporters. «I’d like to mention as well that all the BRICS leaders stressed that by condemning unilateral actions in the global politics they do not seek confrontation, but on the contrary advocate joint efforts with the participation of all the great powers that would try to find a mutually acceptable solution to various problems,» the Russian diplomat added. In this connection Sergey Lavrov referred to the words of President Vladimir Putin who was speaking about the positive experience of the cooperation on the Syrian issue during the meeting with the BRICS leaders earlier on July 14. «That is why we should, probably, take a philosophical approach to every problem, but we oppose unilateral actions and emotions with the reason and pragmatism», the Minister said. 

BRICS and the majority of UNASUR members are critical towards the US sanctions. The media reports and bloggers’ posts say Washington pursues just one goal – to aggravate the situation at the Russia-Ukraine border and pour fuel on the fire of the conflict with the help of the US-controlled government of Poroshenko. Obama stresses the US has a special role to play in finding solutions to such conflicts. 

Has any such problem been solved by the United States during, say, the recent 25 years? Devastated countries, thousands dead, hundreds of assassinated politicians and military leaders who have not met the standards of the US-style democracy which is the only one that is genuine, is it not the egregious irresponsibility? Normal people are scared by the US strong desire to create Pax Americana on the ruins of other, more ancient and in a way, more perfect civilizations? It is rejected even by the closest allies of the empire. Reasonable leaders watch with concern the irrevocable of the United States turning into the global center of evil. 

Tags: BRICS  Russia  US 

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