Paulo Nogueira Batista: West Destroys Global Economics System
Paulo Nogueira Batista Jr. is a former Executive Director at the IMF (2007-2015) and the founding Vice President of BRICS’ New Development Bank. Batista discusses how the West is dismantling the international economics system.
A few things about The Unit. It is meant not only as a trade number but also as a means of exchanging into gold or cold cash and as a store of value. From that perspective it looks like a currency. There will be more information forthcoming. I am in… Read more »
Great points, Amarynth and from Chernq below. The sizzle may well get a whole lot louder in ~6 hours when the Shanghai and Hong Kong markets open. Silver closed at $79.17 on the New York market on Friday, and gold at $4532.87. With Silver being a hairs-breath away from $80,… Read more »
this reminded me of another point- the commodities markets. As Kevin on ICB has outlined throughout the past 2 years now, so much of this is now outside of swift/us/west brokerage firms, from grains to metals ever since the sanctions and seizing of Russia’s money, so they have NO idea… Read more »
yes ICB has indeed, even commenting on China decimating Israeli diamond trade, ah those naysayers against Russia and China still supporting Israel just can’t think strategy beyond weapons and empty words.
Yes, I greatly appreciate Kevin’s work too, Chernq – including his expose on the value of using PGDP (Productive GDP) compared to the traditional broad-brush GDP and PPP GDP measurements, neither of which gives any indication as to how financialised an economy is. The PGDP exercise shows that in terms… Read more »
A magnificent interview, thanks Amarynth – I am all ears whenever I see Batista’s name mentioned. For me, he stands out as one of the star geopolitical commentators on the entire planet, and particularly when it comes to BRICS matters. I totally agree with the opinion he expressed at around… Read more »
You think the fix is really broken now? I have not finished listening to the inverview Col. Other stuff iterfering today. Let me get done and then comment. I think BRICS Pay and the Chinese CIPS implementation in Africa South of the Sahara are great steps forward. I am not… Read more »
I am having difficulty finding reliable information as to exactly where the BRICS bloc is in formalising the UNIT. One thing is clear to me – it will remain in the form of a trade instrument, rather than a currency as such. This is an important distinction, given that so… Read more »
I couldn’t find the link easily through search but amarynth made a post a while back where I think the valdai club and other economists like radhika desai came together to discuss the issues with a new reserve currency. But the same issues like Triffin came to the fore. I… Read more »