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BRICS

16th BRICS Summit Opens In Kazan, Russia

During his speech at the ongoing BRICS summit on Wednesday, October 23, Russian President Vladimir Putin expressed his desire to see the grouping play a greater role in global affairs and in resolving regional and international challenges. Putin asserted that BRICS unites “like minded countries, civilizations, and cultures” and “all member states stand for equality, good neighborly relations, and mutual respect, for high ideals of friendship, global prosperity, and well-being.” The 16th summit of the 10-member grouping is being held in Russia’s fifth largest city of Kazan from October 22 to October 24.

Why Brazil Opposes Venezuela’s Entry Into BRICS

On Monday, it was reported that Brazil would oppose Venezuela’s entry into the BRICS group. The 16th Summit of the BRICS organization is taking place this week in the Russian city of Kazan. President Nicolás Maduro was invited by the Russian president himself, Vladimir Putin, at the beginning of August, and is attending with a Venezuelan delegation. The Brazilian government’s advisor for international affairs, former foreign minister Celso Amorim, announced that Brazil would seek to prevent Venezuela from joining BRICS. The instruction to veto Caracas’s possible accession came from Brazilian President Luiz Inácio Lula da Silva.

Elite US Economist Warns: Dollar System Is Weakening As Gold BRICS Rise

More and more countries around the world, particularly in the Global South, are seeking alternatives to the US dollar-dominated financial system, as part of an international drive known as de-dollarization. Many Western media outlets and pundits, however, have argued that de-dollarization is overblown. One of such naysayers is New York Times columnist Paul Krugman, a centrist economist who was awarded the so-called “Nobel Prize” in economics (which in reality is issued by Sweden’s conservative central bank). In a 2023 article, Krugman claimed to “debunk” the critics of the dollar system, asserting that “the hype about de-dollarization is much ado about almost nothing”.

BRICS Plans ‘Multi-Currency System’ To Challenge US Dollar Dominance

The Global South-oriented organization BRICS has released plans to transform the international monetary and financial system and challenge the dominance of the US dollar. As the chair of BRICS for 2024, Russia proposed the creation of a BRICS Cross-Border Payment Initiative (BCBPI), in which members of the organization will use their national currencies to trade. BRICS will likewise establish an alternative messaging infrastructure to circumvent the SWIFT system of interbank communication, which is overseen by the United States and subject to Western unilateral sanctions. This “multi-currency system” will also include new mechanisms not only to de-dollarize trade, but also to encourage investment in BRICS members and other emerging markets and developing economies, including a BRICS Clear platform, a “new system of securities accounting and settlement”, and financial instruments denominated in national currencies.

Resetting BRICS For The South Slavs, New Europe And The World

On October 22, in the capital of the Russian Republic of Tatarstan, located less than five hours along the M-12 “Vostok” highway from Moscow, the 16th Kazan BRICS summit opens – an association of 10 countries of a new geopolitical format, ahead of all the slow-moving Western alliances that has fallen into recession or stagnation. Already, Kazan is fully ready to host the leaders of more than 33 countries participating in the BRICS summit in a year when Russia is the chairman of the association of leaders of the multipolar world. The Moscow Kremlin noted that Kazan is fully prepared to host more than 20,000 guests and the summit organizers took into account the interests of more than 30 countries planning to receive an invitation to BRICS or become partner states of this association in the near future.

Between Russia And Iran All’s Well That Ends Well

The mystery about the hastily-arranged “working meeting” between Russian President Vladimir Putin and his Iranian counterpart Masoud Pezeshkian at Ashgabat, Turkmenistan, has only deepened after the event. This was their first-ever meeting. Putin didn’t even have the post-event presser. Why such a meeting last Friday was considered necessary becomes an intriguing thought, as the two leaders are to meet in Kazan, Russia, within days on the sidelines of the BRICS Summit on Oct. 22-24. Russia and Iran have had a difficult relationship through centuries.

Cuba Under Intensified US Sanctions Confronts Its Greatest Challenge

Despite draconian coercive measures by the US – overwhelmingly condemned every year by the UN General Assembly, with the next vote slated for October 29-30 – the Cuban Revolution has had extraordinary successes. This small, impoverished, formerly colonized island nation has achieved levels of education, medical services, and performance in many other fields, including sports, that rival the first world, through the application of socialist principles. Cuba has rightly become a model of internationalism and an exemplar of socialism. As a consequence, every US administration for over six decades has targeted this “threat of a good example.”

Applying/Misapplying Gramsci’s Passive Revolution To Latin America

The second wave of progressive Latin American governments that began with the election of Andrés Manuel López Obrador in Mexico in 2018 does not have the aura of excitement surrounding the first, dating back to Hugo Chávez in 1998. It is not only characterized by pragmatism, but lacks the slogans and banners of radical change associated with Chávez and Evo Morales. As stated by former Bolivian vice president Álvaro García Linera in the face of challenges from an aggressive right, the second-wave left “turned up to the fight in an already exhausted state.”

Russian Foreign Minister Sergey Lavrov Speaks At UN General Assembly

A few days ago, this building hosted a forum called the Summit of the Future. Russia was supportive of the idea of the Secretary-General to convene it, since the crisis of our Organisation is deepening and something needs to be done about this. We devoted our efforts to preparing the summit. However, we were realistic in our expectations. There have been many ambitious events in the modern history of the United Nations which ended up with loud declarations which were soon forgotten. The Millenium Summit proclaimed the goal to “free the peoples from the scourge of war”. Two years later the United States of America, at the head of the coalition of the willing, invaded Iraq – the country which has yet to get over the devastating consequences of this affair – under a ridiculous pretext, without the mandate of the UN Security Council.

African Nations Push For Urgent United Nations Reforms

In the ongoing 79th session of the UN General Assembly, heads of state from African countries reiterated their demand for an urgent reform in global decision making and greater representation of their continent in the Security Council. The African leaders claim that their current exclusion from the crucial decision making institutions is a legacy of colonialism and demanded urgent changes. They underlined that highlighting their exclusion is not merely an attempt to claim representation but to gain real say in crucial decision making on issues directly affecting the African countries and their future, such as peace and security challenges, conflict resolution, climate change, and sustainable development.

BRICS, The Dollar, And The End Of US Empire, With Ben Norton

The United States is socially, politically and economically in crisis. As an increasingly large number of people are priced out of the economy, fewer and fewer buy into the sham of electoral politics. On the world stage, too, the U.S. is suffering. Countries everywhere are beginning to drop the dollar as the standard unit of exchange, and Washington’s prestige has been severely shaken due to its relentless, unequivocal support for Israel’s genocide in Gaza. Ben Norton joins MintCast host Mnar Adley to discuss all this and more. Norton is an investigative journalist and founder of Geopolitical Economy Report, a news source dedicated to looking at the world and seeing the big picture. He is currently pursuing a PhD in Beijing, China.

BRICS Plus, FOCAC And The Battle For The Global South

A media conference was held in Russia during the weekend of September 14-15 as a precursor to the upcoming Brazil, Russia, India, China and South Africa Plus Summit to be held in October. This gathering of journalists, editors, publishers and other media workers represented efforts to create a narrative that provides an alternative to the news reports and analyses that dominate western media outlets and their surrogates in the Global South. The media conference was hosted by the Russian state news agency, TASS, which on September 1, celebrated its 120th anniversary. TASS and many of the other media agencies visiting Russia for the conference are presenting different views on world events than what is routinely highlighted by the corporate and governmental networks in the United States, Britain and the European Union (EU).

Defending Humanity

Anyone taking up the question of our shared humanity in the late summer of 2024 must begin with mention of the Gaza crisis, or — with the escalating violence in the West Bank — the wider Palestine crisis. These events are of world-historical magnitude. They challenge any idea of humanity we may have until now held as truths held to be self-evident, as we Americans would say. That seems to be over now. It is as if an era in the human story has ended, and we enter upon one that requires us to think again, maybe for the first time since the 1945 victories, when those who came before us looked back upon the wreckage of the 1930s and 1940s and asked, “Where is our humanity?”

Trump Threatens To Punish De-Dollarization

Countries across the planet are seeking alternatives to the US-dominated financial system. However, former President Donald Trump has pledged that, if he returns to the White House, he will punish nations that de-dollarize. “We will keep the US dollar as the world’s reserve currency”, Trump promised at a campaign rally in Mosinee, Wisconsin on September 7, 2024. “It is currently under major siege. Many countries are leaving the dollar”, the Republican presidential candidate lamented. “They’re not going to leave the dollar with me”, Trump insisted. “I’ll say, ‘You leave the dollar, you’re not doing business with the United States, because we’re going to put 100% tariff on your goods'”.

Lavrov At United Nations On Avoiding WWIII

“Let’s face it: not all countries represented in this chamber recognise the key principle of the U.N. Charter which is the sovereign equality of all states,” Russian Foreign Minister Sergei Lavrov told U.N. Security Council on Tuesday. “Speaking through its presidents, the United States has long declared its exceptionalism. This applies to Washington’s attitude towards its allies, whom it demands to be unquestioningly obedient even to the detriment of their national interests. Rule, America! This is the thrust of the notorious ‘rules-based order’ which presents a direct threat to multilateralism and international peace.”

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Keep independent media alive. 

Due to the attacks on our fiscal sponsor, we were unable to raise funds online for nearly two years.  As the bills pile up, your help is needed now to cover the monthly costs of operating Popular Resistance.

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