That’s my BRICS!

Amarynth

Money talks. The surprising statistic that appeared from the Chinese Spokeswoman indicates that 50% of World Growth, and confirmed by President Putin is now generated by BRICS nations. Some more statistics:

-Only 35 % of trades within BRICS remain denominated in US dollars.
-The remaining 65 % share is now dominated by settlements in national currencies.
-Automation of cross-border payments is a big part of this BRICS summit

The real economy now lives in BRICS nations. The Global Context is Set! It is multi-polar, multi-lateral in the way that states interact, it is multi-currency, and judging by the fabrics on display, multi-color as well 😊

BRICS is not theater any longer. It is not soft power going forward. Xi Jinping came in over the past hours, for the first time in seven years visiting India. The BRICS Business Forum in New Delhi is not protocol. It is BRICS implementing production, logistics, development and growth instead of lectures and sanctions.

New economic engines are now being oiled and are ready to rumble. The old ones? If one reasons that 65% of monetary trade support does not flow through SWIFT and similar any longer, and come from countries that do not use the old Petrodollar for intra-BRICS trade, is immune to sanctions or tariffs, you begin to integrate the size of the world change that we are watching right now. It is not all ‘Nirvana’ but it is a working system not perfect as yet.

This is what emerging world power looks like.

The leaders gathered in a closed-door meeting for a few hours at the start of the Summit today. Brazil is present but their profile is small.

The West’s response to this message that they can no longer compete: choke the pipes, disrupt logistics, hit infrastructure, seize vessels, resort to piracy, weaponize finance and try and make more war. It is the behavior of a system staffed by terrorists that are losing their power and weight and tries to freeze the image and the board somewhere in the distant past where they believed that history had ended. No! History is restarting at the point where it should have started. The collective west interregnum of ‘wanting the whole world in their own primacy’ is now over. The shift of power balance is irreversible and I am tempted to use Trump as the icon. Trump the icon of the collective west falls asleep in meetings, cannot string words together, cannot stand for too long, visually looks very ill and the messages of his administration are known braggadocio underpinned with AI sloppification. That is the West judging by the iconic.

Russia’s message was straightforward. After years of pressure it has strengthened national sovereignty and is now building with partners that are reliable and predictable. Innovation is not dogma. It is original work plus what BRICS partners actually produce. That is how you survive a sanctions war: you stop pretending the old system will treat you fairly.

Modi, as chair, underlined the same thing from the other side of the table. The association’s strength is not communiqués. It is large domestic markets, rapid business development, and businessmen in the same room talking contracts. That is the part Western coverage always skips. BRICS only works when it stays concrete. (I’ll refrain from talking again about Modi hugging this world’s bloodiest man. He will pay for that as morals do underpin in the judgment of the world’s people).

Building an alternative to a decades-old dollar plumbing system while the incumbent actively sabotages every corridor is not a weekend project. The direction is clear: trade in national currencies, reduce exposure to a weaponized reserve system, connect the real economies where the growth is, build the United Nations so it can fulfill its task as outlined – the Global Thinktank.

China brings scale, industrial capacity, infrastructure know-how, and a preference for solving problems instead of manufacturing them. The adults in the room are not in Brussels or Washington. They are in New Delhi, Moscow, Beijing, and the expanding BRICS table.

The world has changed. Half the growth already comes from this side. Nothing will stop the multipolar order. The west is given a choice: Accept a new world financial structure, or die.

This is why this is ‘my BRICS’.

Jeffrey Sachs said in an interview with Indian media, that he considers the three most important objectives of BRICS as: end the wars, multicurrency, and a strong United Nations doing the job that it was designed to do.

The BRICS alliance must serve as a defender of the United Nations and the multilateral system rather than an anti-Western bloc. And now we know why Russia and China through these past turbulent years insisted that we need the United Nations. One cannot run a multipolar and multilateral system without coordination of the kind that China calls Global Governance. No, that is not Global empire, it is governance between the countries and the poles and it is something that the collective west is not able to do as they do not have the talent or the education or the pragmatism. (Sure, there are huge exceptions!)

And now you may know why I selected the underlying themes on Sovereignista these past months. Yes, this is MY BRICS. Work brothers! Yalla!