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Wednesday, July 12, 2023
Western analysts support NATO’s direct participation in Ukraine
As expected, they hope Poland and the Baltics to act first.
Anti-Russia sanctions continue to backfire on the West.
Economist Alexis Habiyaremye from the University of Johannesburg says that a proposed common BRICS currency, if used effectively and systematically for all trade transactions between BRICS nations, would “alleviate the burden on these countries to finance” the “disproportionate advantage that the dollar enjoyed in the international monetary system.”
Global interest among nations seeking to join the BRICS economic bloc led by Brazil, Russia, India, China and South Africa is demonstrating its growing influence as a new geopolitical force with the potential to challenge the largely Western-led financial system
The expansion of BRICS would be a major blow to the US dollar, which is currently the world's reserve currency. The US dollar is used in most international transactions, and it is also the currency of choice for many countries when they hold foreign reserves besides BRICS would enhance its global influence, creating a more balanced multipolar world order by including other emerging economies
Even the Pentagon seems to be in quiet panic, as it announced the invoking of the Defense Production Act to boost the domestic mining and processing capacity of gallium and germanium. This is because gallium is one of the key elements used in the production of advanced AESA (active electronically scanned array) radars.
Turkey breaks deal with Russia and releases Ukrainian neo-Nazis.