https://www.youtube.com/watch?v=Iai9iSYxOlI

Prof. John Mearsheimer WARNS of the Coming TROUBLES in Europe and Across the Globe

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In the year of the Russian presidency of BRICS, the St. Petersburg International Economic Forum (SPIEF) had to deliver something special.

And deliver it did: over 21,000 people representing no less than 139 nations – a true microcosm of the Global Majority, discussing every facet of the drive towards a multipolar, multinodal (italics mine), polycentric world.

St. Petersburg, beyond all the networking and the frantic deal-making – $78 billion-worth clinched in only three days – crafted three intertwined key messages already resonating all across the Global Majority.

Putin’s SPIEF speech a showcase of Russia’s Economic strength and resilience - analyst

"In an extraordinarily confident, wide-ranging and detailed speech, President Putin set out the reality of a Russian economy which has defied sanctions, is growing faster than Western… pic.twitter.com/wbkMw84fEY

— Sputnik (@SputnikInt) June 7, 2024

Message Number One:

President Putin, a “European Russian” and true son of this dazzling, dynamic historic marvel by the Neva, delivered an extremely detailed one-hour speech on the Russian economy at the forum’s plenary session.

The key takeaway: as the collective West launched total economic war against Russia, the civilization-state turned it around and positioned itself as the world's 4th largest economy by purchasing power parity (PPP).

Putin showed how Russia still carries the potential to launch no less than nine sweeping – global – structural changes, an all-out drive involving the federal, regional, and municipal spheres.

Everything is in play – from global trade and the labor market to digital platforms, modern technologies, strengthening small and medium-sized businesses and exploring the still untapped, phenomenal potential of Russia's regions.

What was made perfectly clear is how Russia managed to reposition itself beyond sidestepping the – illegitimate – sanctions tsunami to establishing a solid, diversified system oriented towards global trade – and completely linked to the expansion of BRICS. Russia-friendly states already account for three-quarters of Moscow’s trade turnover.

Putin’s emphasis on the Global Majority’s accelerated drive to strengthen sovereignty was directly linked to the collective West doing its best – rather, worst – to undermine trust in their own payment infrastructure.

And that leads us to…

Glazyev and Dilma rock the boat.

Message Number Two:

That was arguably the major breakthrough in St. Petersburg. Putin stated how the BRICS are working on their own payment infrastructure, independent from pressure/sanctions by the collective West.

Putin had a special meeting with Dilma Rousseff, president of the BRICS New Development Bank (NDB). They did talk in detail about the bank’s development – and most of all, as later confirmed by Rousseff, about The Unit, whose lineaments were first revealed exclusively by Sputnik: an apolitical, transactional form of cross-border payments, anchored in gold (40%) and BRICS+ currencies (60%).

The day after meeting Putin, president Dilma had an even more crucial meeting at 10 am in a private room at SPIEF with Sergey Glazyev, the Minister for Macro-Economy at the Eurasia Economic Union (EAEU) and member of the Russian Academy of Sciences.

Glazyev, who had previously provided full academic backing to the Unit concept, explained all the details to President Dilma. They were both extremely pleased with the meeting. A beaming Rousseff revealed that she had already discussed The Unit with Putin. It was agreed there will be a special conference at the NDB in Shanghai on The Unit in September.

This means the new payment system has every chance to be at the table during the BRICS summit in October in Kazan, and be adopted by the current BRICS 10 and the near future, expanded BRICS+.

Now to…

Message Number Three:

It had to be, of course, about BRICS – which everyone, Putin included, stressed will be significantly expanded. The quality of the BRICS-related sessions in St. Petersburg demonstrated how the Global Majority is now facing a unique historical juncture – with a real possibility for the first time in the last 250 years to go all-out for a structural change of the world-system.

And it’s not only about BRICS.

It was confirmed in St. Petersburg that no less than 59 nations – and counting – plan to join not only BRICS but also the Shanghai Cooperation Organization (SCO) and the Eurasia Economic Union (EAEU).

No wonder: these multilateral organizations now finally have established themselves on the forefront of the drive towards the multimodal (italics mine) – and to quote Putin in his address – "harmonic multipolar world”.

The Top Sessions for Further Reference

All of the above could be followed, live, during the frantic two and a half days of forum’s sessions. This is a sample of what were arguably the most engaging. The broadcasts should be very helpful as references going forward – all the way to the BRICS summit in October, and beyond.

On the Northern Sea Route (NSR) and Arctic expansion. Best motto of the session: “We need icebreakers!” The essential discussion to understand how the current global trade supply chains are not reliable anymore and how the NSR is faster, cheaper and reliable.

On the BRICS business expansion.

On the BRICS goals for a true new world order.

On the 10 years of the EAEU.

On the closer integration between EAEU and ASEAN.

The BRICS+ roundtable on the International North South Transportation Corridor (INSTC). 

This session was particularly crucial. The key actors of the INSTC are Russia, Iran and India – all BRICS members. Actors on the margins which will profit from the INSTC – from the Caucasus to Central and South Asia – are already interested to be part of BRICS+. Igor Levitin, a top Putin advisor, was a key figure in this session.

The Greater Eurasia Partnership (GEP).

This was an essential discussion on what is eminently a civilizational project – in contrast with the collective West’s exclusionary approach. The discussion shows how GEP interlinks with SCO, EAEU and ASEAN and stresses the inevitable complementarity of transport, logistics, energy and payment structure all across Eurasia. Glazyev, Deputy Prime Minister Alexey Overchuk and former Austrian Foreign Minister Karin Kneissl – always ultra-sharp – are key participants. Extra – astonishing – bonus: Adul Umari, acting Minister of Labor in Taliban Afghanistan, interacting with his Eurasia partners.

On the philosophy of multipolarity.

Conceptually, this session interacts with the GEP session. It offers the perspective of a concise inter-civilizational dialogue under the framework of BRICs+. Alexander Dugin, the irrepressible Maria Zakharova and Professor Zhang Weiwei of Fudan University are among the participants.

On Polycentricity. That involves all Global Majority institutions: BRICS, SCO, EAEU, CIS, CSTO, CICA, African Union, the renewed Non-Aligned Movement (NAM). Glazyev, Maria Zakharova, Senator Pushkov and Alexey Maslov – director of the Institute of Asian and African Studies at Moscow State University – discuss how to build a polycentric system of international relations.

As Project Ukraine Faces Doom…

Finally, it’s inevitable to contrast the – hopeful, auspicious – mood at SPIEF with the collective West’s hysterics as Project Ukraine faces doom. Putin made it quite clear: Russia will prevail, no matter what. The collective West may rekindle “the Istanbul solution”, as Putin noted, but modified “based upon the new reality” in the battlefield.

Putin also deftly defused all the pre-fabricated, nonsensical nuclear paranoia infesting Atlanticist circles.

Still, that won’t be enough. On the packed corridors at SPIEF, and in informal meetings, there was total awareness about the Hegemon’s desperation-fueled warmongering masked as "defense." There were no illusions that the current dementia posing as “foreign policy” is betting on a genocide not only for the sake of the “aircraft carrier” in West Asia but mostly to cow the Global Majority into submission.

Western media chews over ‘confident’ Putin’s speech at SPIEF

Western media outlets have widely picked up on the “confidence” that Russia’s president projected as he addressed a plenary session at the St. Petersburg International Economic Forum (SPIEF). They also homed in on the… pic.twitter.com/bFMJDKdKL9

— Sputnik (@SputnikInt) June 8, 2024

That would raise the serious possibility that the Global Majority needs to build a military alliance to deter this – planned – Global War.

Russia-China, of course, plus Iran and credible Arab deterrence – with Yemen showing the way: all of that may become a must. A Global Majority military alliance will have to show up one way or another: either before the – incoming, planned – disaster, to mitigate it; or after it has totally engulfed West Asia into a monstrous, vicious war.

Ominously, we may be nearly there. But at least St. Petersburg offered glimmers of hope. Putin: "Russia will be the heart of the multipolar harmonic world." Now that’s how you clinch a one-hour speech.

 https://sputnikglobe.com/20240610/pepe-escobar-the-three-key-messages-from-st-petersburg-to-the-global-majority-1118891306.html

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FREE JULIAN ASSANGE NOW....

In the year of the Russian presidency of BRICS, the St. Petersburg International Economic Forum (SPIEF) had to deliver something special.

And deliver it did: over 21,000 people representing no less than 139 nations – a true microcosm of the Global Majority, discussing every facet of the drive towards a multipolar, multinodal (italics mine), polycentric world.

St. Petersburg, beyond all the networking and the frantic deal-making – $78 billion-worth clinched in only three days – crafted three intertwined key messages already resonating all across the Global Majority.

Putin’s SPIEF speech a showcase of Russia’s Economic strength and resilience - analyst

"In an extraordinarily confident, wide-ranging and detailed speech, President Putin set out the reality of a Russian economy which has defied sanctions, is growing faster than Western… pic.twitter.com/wbkMw84fEY

— Sputnik (@SputnikInt) June 7, 2024

Message Number One:

President Putin, a “European Russian” and true son of this dazzling, dynamic historic marvel by the Neva, delivered an extremely detailed one-hour speech on the Russian economy at the forum’s plenary session.

The key takeaway: as the collective West launched total economic war against Russia, the civilization-state turned it around and positioned itself as the world's 4th largest economy by purchasing power parity (PPP).

Putin showed how Russia still carries the potential to launch no less than nine sweeping – global – structural changes, an all-out drive involving the federal, regional, and municipal spheres.

Everything is in play – from global trade and the labor market to digital platforms, modern technologies, strengthening small and medium-sized businesses and exploring the still untapped, phenomenal potential of Russia's regions.

What was made perfectly clear is how Russia managed to reposition itself beyond sidestepping the – illegitimate – sanctions tsunami to establishing a solid, diversified system oriented towards global trade – and completely linked to the expansion of BRICS. Russia-friendly states already account for three-quarters of Moscow’s trade turnover.

Putin’s emphasis on the Global Majority’s accelerated drive to strengthen sovereignty was directly linked to the collective West doing its best – rather, worst – to undermine trust in their own payment infrastructure.

And that leads us to…

Glazyev and Dilma rock the boat.

Message Number Two:

That was arguably the major breakthrough in St. Petersburg. Putin stated how the BRICS are working on their own payment infrastructure, independent from pressure/sanctions by the collective West.

Putin had a special meeting with Dilma Rousseff, president of the BRICS New Development Bank (NDB). They did talk in detail about the bank’s development – and most of all, as later confirmed by Rousseff, about The Unit, whose lineaments were first revealed exclusively by Sputnik: an apolitical, transactional form of cross-border payments, anchored in gold (40%) and BRICS+ currencies (60%).

The day after meeting Putin, president Dilma had an even more crucial meeting at 10 am in a private room at SPIEF with Sergey Glazyev, the Minister for Macro-Economy at the Eurasia Economic Union (EAEU) and member of the Russian Academy of Sciences.

Glazyev, who had previously provided full academic backing to the Unit concept, explained all the details to President Dilma. They were both extremely pleased with the meeting. A beaming Rousseff revealed that she had already discussed The Unit with Putin. It was agreed there will be a special conference at the NDB in Shanghai on The Unit in September.

This means the new payment system has every chance to be at the table during the BRICS summit in October in Kazan, and be adopted by the current BRICS 10 and the near future, expanded BRICS+.

Now to…

Message Number Three:

It had to be, of course, about BRICS – which everyone, Putin included, stressed will be significantly expanded. The quality of the BRICS-related sessions in St. Petersburg demonstrated how the Global Majority is now facing a unique historical juncture – with a real possibility for the first time in the last 250 years to go all-out for a structural change of the world-system.

And it’s not only about BRICS.

It was confirmed in St. Petersburg that no less than 59 nations – and counting – plan to join not only BRICS but also the Shanghai Cooperation Organization (SCO) and the Eurasia Economic Union (EAEU).

No wonder: these multilateral organizations now finally have established themselves on the forefront of the drive towards the multimodal (italics mine) – and to quote Putin in his address – "harmonic multipolar world”.

The Top Sessions for Further Reference

All of the above could be followed, live, during the frantic two and a half days of forum’s sessions. This is a sample of what were arguably the most engaging. The broadcasts should be very helpful as references going forward – all the way to the BRICS summit in October, and beyond.

On the Northern Sea Route (NSR) and Arctic expansion. Best motto of the session: “We need icebreakers!” The essential discussion to understand how the current global trade supply chains are not reliable anymore and how the NSR is faster, cheaper and reliable.

On the BRICS business expansion.

On the BRICS goals for a true new world order.

On the 10 years of the EAEU.

On the closer integration between EAEU and ASEAN.

The BRICS+ roundtable on the International North South Transportation Corridor (INSTC). 

This session was particularly crucial. The key actors of the INSTC are Russia, Iran and India – all BRICS members. Actors on the margins which will profit from the INSTC – from the Caucasus to Central and South Asia – are already interested to be part of BRICS+. Igor Levitin, a top Putin advisor, was a key figure in this session.

The Greater Eurasia Partnership (GEP).

This was an essential discussion on what is eminently a civilizational project – in contrast with the collective West’s exclusionary approach. The discussion shows how GEP interlinks with SCO, EAEU and ASEAN and stresses the inevitable complementarity of transport, logistics, energy and payment structure all across Eurasia. Glazyev, Deputy Prime Minister Alexey Overchuk and former Austrian Foreign Minister Karin Kneissl – always ultra-sharp – are key participants. Extra – astonishing – bonus: Adul Umari, acting Minister of Labor in Taliban Afghanistan, interacting with his Eurasia partners.

On the philosophy of multipolarity.

Conceptually, this session interacts with the GEP session. It offers the perspective of a concise inter-civilizational dialogue under the framework of BRICs+. Alexander Dugin, the irrepressible Maria Zakharova and Professor Zhang Weiwei of Fudan University are among the participants.

On Polycentricity. That involves all Global Majority institutions: BRICS, SCO, EAEU, CIS, CSTO, CICA, African Union, the renewed Non-Aligned Movement (NAM). Glazyev, Maria Zakharova, Senator Pushkov and Alexey Maslov – director of the Institute of Asian and African Studies at Moscow State University – discuss how to build a polycentric system of international relations.

As Project Ukraine Faces Doom…

Finally, it’s inevitable to contrast the – hopeful, auspicious – mood at SPIEF with the collective West’s hysterics as Project Ukraine faces doom. Putin made it quite clear: Russia will prevail, no matter what. The collective West may rekindle “the Istanbul solution”, as Putin noted, but modified “based upon the new reality” in the battlefield.

Putin also deftly defused all the pre-fabricated, nonsensical nuclear paranoia infesting Atlanticist circles.

Still, that won’t be enough. On the packed corridors at SPIEF, and in informal meetings, there was total awareness about the Hegemon’s desperation-fueled warmongering masked as "defense." There were no illusions that the current dementia posing as “foreign policy” is betting on a genocide not only for the sake of the “aircraft carrier” in West Asia but mostly to cow the Global Majority into submission.

Western media chews over ‘confident’ Putin’s speech at SPIEF

Western media outlets have widely picked up on the “confidence” that Russia’s president projected as he addressed a plenary session at the St. Petersburg International Economic Forum (SPIEF). They also homed in on the… pic.twitter.com/bFMJDKdKL9

— Sputnik (@SputnikInt) June 8, 2024

That would raise the serious possibility that the Global Majority needs to build a military alliance to deter this – planned – Global War.

Russia-China, of course, plus Iran and credible Arab deterrence – with Yemen showing the way: all of that may become a must. A Global Majority military alliance will have to show up one way or another: either before the – incoming, planned – disaster, to mitigate it; or after it has totally engulfed West Asia into a monstrous, vicious war.

Ominously, we may be nearly there. But at least St. Petersburg offered glimmers of hope. Putin: "Russia will be the heart of the multipolar harmonic world." Now that’s how you clinch a one-hour speech.

 https://sputnikglobe.com/20240610/pepe-escobar-the-three-key-messages-from-st-petersburg-to-the-global-majority-1118891306.html

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Countries of the BRICS economic bloc are currently working on the launch of a financial system that would be independent of the dominance of third parties, according to the Russian Ambassador to China Igor Morgulov.

The volume of Russia’s transactions in national currencies with fellow BRICS nations is constantly growing, the envoy said on Saturday in Beijing, speaking at the 12th World Peace Forum (WPF). Morgulov highlighted that Russia-China trade turnover had reached $240 billion and that 92% of settlements were being conducted in rubles and yuans.

“We are leaving the dollar-dominated space and developing the mechanism and tools for a truly independent financial system,” the ambassador said, as cited by RIA Novosti.

Morgulov also said that introducing a new single currency is still some way off but stressed that the group – which recently expanded and now comprises Brazil, Russia, India, China, South Africa, Ethiopia, Iran and Egypt – is “moving in this direction.”

Last month, Russia’s Deputy Finance Minister Ivan Chebeskov told media that Russia was working on creating a settlement-and-payment infrastructure together with BRICS member states’ central banks. The senior state official specified that the economic bloc was working on launching the BRICS Bridge platform for settlements in national currencies.

In addition, Russian Finance Minister Anton Siluanov told Russian daily Vedomosti that BRICS Bridge could provide member states an opportunity to make settlements using digital assets of central banks linked to national currencies

Russia has been promoting its own domestic payment system as a reliable alternative to SWIFT, after many of the country’s financial institutions were cut off from the Western financial network in 2022. The Russian SPFS interbank messaging system ensures the secure transfer of financial messages between banks both inside and outside the country.

Moscow has also accelerated efforts to move away from SWIFT by trading with international partners using their respective national currencies. The trend has been increasingly supported by members of the BRICS group, which have shifted from using the dollar and euro for trade settlements. The share of national currencies in Russia’s settlements with BRICS countries jumped to 85% at the end of 2023, up from 26% two years ago.

https://www.rt.com/russia/600587-brics-independent-financial-system-morgulov/

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SEE ALSO: https://www.msn.com/en-us/money/markets/us-saudi-petrodollar-pact-ends-after-50-years/ar-BB1o29sn

The 50-year-old petrodollar agreement between the U.S. and Saudi Arabia was just allowed to expire. The term “petrodollar” refers to the U.S. dollar’s role as the currency used for crude oil transactions on the world market. This arrangement has its roots in the 1970s when the United States and Saudi Arabia struck a deal shortly after the U.S. went off the gold standard that would go on to have far-reaching consequences for the global economy. In the history of global finance, few agreements have wielded as many benefits as the petrodollar pact did for the U.S. economy.

BRICS Just Decided To Establish Parliament To Destroy Western Hegemony!

Can Brics ever replace alliances like the G7? While the number of Brics nations is soon to exceed that of the G7, Brics is also taking decisive actions to hold more power than the G7. Recently, President Putin announced on behalf of Brics the establishment of a Brics Parliament.

This move could change everything. It would be a significant shock for the West, not only politically but also economically, signalling a potential decline in Western hegemony. However, will the West attempt to place obstacles in the way of this development?
Let’s find out.

https://www.youtube.com/watch?v=OsLBfj09Ka8

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