HOW BRICS-PLUS CLASHES WITH THE US ECONOMIC WAR ON IRAN | WHAT REALLY HAPPENED


HOW BRICS-PLUS CLASHES WITH THE US ECONOMIC WAR ON IRAN

The key take away from the BRICS summit in Johannesburg is that Brazil, Russia, India, China and South Africa – important Global South players – strongly condemn unilateralism and protectionism.

The Johannesburg Declaration is unmistakable:

“We recognize that the multilateral trading system is facing unprecedented challenges. We underscore the importance of an open world economy.”

Closer examination of Chinese President Xi Jinping’s speech unlocks some poignant details.

Xi, crucially, emphasizes delving further into “our strategic partnership.” That implies increased BRICS and Beyond BRICS multilateral trade, investment and economic and financial connectivity.

And that also implies reaching to the next level;

“It is important that we continue to pursue innovation-driven development and build the BRICS Partnership on New Industrial Revolution (PartNIR) to strengthen coordination on macroeconomic policies, find more complementarities in our development strategies, and reinforce the competitiveness of the BRICS countries, emerging market economies and developing countries.”

If PartNIR sounds like the basis for an overall Global South platform, that’s because it is.

Webmaster's Commentary: 

The reimposition of sanctions against Iran start next Monday; the drop-dead date by which no countries on earth will be allowed to purchase Iranian crude or face US sanctions is Sunday, 4 November, two days away from Midterm elections in the US.

Countries around the world are scrambling to see what they can barter for Iranian crude, to get around potential sanctions, and there are many ways in which this could happen.

IF President Trump is going to "do something" regarding Iran which is military in nature, I would suggest that it will be the 4th or 5th of November, primarily to insure that his faithful go to the polls, and keep a Republican majority in both the House and Senate.

A cynical use of international military power to insure domestic political victory?!?

It wouldn't be the first time that has happened in America's history.

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