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What the BRICS plus Germany are really up to?

By       Message Pepe Escobar       (Page 1 of 3 pages)     Permalink

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Reprinted from RT

The last summit of UNASUR, which was also the BRICS bloc
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Winston Churchill once said, "I feel lonely without a war." He also badly missed the loss of empire. Churchill's successor -- the "Empire of Chaos" -- now faces the same quandary. Some wars -- as in Ukraine, by proxy -- are not going so well.

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And the loss of empire increasingly manifests itself in myriad moves by selected players aiming towards a multipolar world.

So no wonder US "Think Tankland" is going bonkers, releasing wacky CIA-tinted "forecasts" where Russia is bound to disintegrate, and China is turning into a communist dictatorship. So much (imperial) wishful thinking, so little time to prolong hegemony.

The acronym that all these "forecasts" dare not reveal is BRICS (Brazil, Russia, India, China, and South Africa). BRICS is worse than the plague as far as the "Masters of the Universe" that really control the current -- rigged -- world system are concerned. True, the BRICS are facing multiple problems. Brazil at the moment is totally paralyzed; a long, complex, self-defeating process, now coupled with intimations of regime change by local "Empire of Chaos" minions. It will take time, but Brazil will rebound.

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That leaves the "RIC" -- Russia, India and China - in BRICS as the key drivers of change. For all their interlocking discrepancies, they all agree they don't need to challenge the hegemon directly while aiming for a new multipolar order.

The BRICS New Development Bank (NDB) -- a key alternative to the IMF enabling developing nations to get rid of the US dollar as a reserve currency -- will be operative by the end of this year. The NDB will finance infrastructure and sustainable development projects not only in the BRICS nations but other developing nations. Forget about the Western-controlled World Bank, whose capital and lending capacity are never increased by the so-called Western "powers." The NDB will be an open institution. BRICS nations will keep 55 percent of the voting power, and outside their domain no country will be allowed more than 7 percent of votes. But crucially, developing nations may also become partners and receive loans.

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Damn those communists

A tripartite entente cordiale is also in the making. Indian Prime Minister Narendra Modi will be in China next May -- and "Chindia" will certainly engage in a breakthrough concerning their bitter territorial disputes. As much as Delhi has a lot to benefit from China's massive capital investment and exports, Beijing wants to profit from India's vast market and technology savvy. In parallel, Beijing has already volunteered economic help to Russia -- if Moscow asks for it -- on top of their evolving strategic partnership.

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The US "pivoting to Asia" -- launched at the Pentagon -- is all dressed up with no place to go. Bullying Southeast Asia, South Asia and, for that matter, East Asia as a whole into becoming mere "Empire of Chaos" vassals -- and on top of it confronting China -- was always a non-starter. Not to mention believing in the fairy tale of a remilitarized Japan able to "contain" China.

Isolating the "communist dictatorship" won't fly. Just watch, for instance, the imminent high-speed rail link between Kunming, in Yunnan province, and Singapore, traversing a key chunk of a Southeast Asia which for Washington would never qualify to be more than a bunch of client states. The emerging 21st century Asia is all about interconnection; and the inexorable sun in this galaxy is China.

As China has embarked in an extremely complex tweaking of its economic development model, as I outlined here, China's monopoly of low-end manufacturing -- its previous industrial base -- is migrating across the developing world, especially around the Indian Ocean basin. Good news for the Global South -- and that includes everyone from African nations such as Kenya and Tanzania to parts of Southeast Asia and Latin America.

Of course the "Empire of Chaos," business-wise, won't be thrown out of Asia. But its days as an Asian hegemon, or a geopolitical Mob offering "protection", are over.

The Chinese remix of Go West, Young Man -- in fact go everywhere -- started as early as 1999. Of the top 10 biggest container ports in the world, no less than seven are in China (the others are Singapore, Rotterdam, and Pusan in South Korea). As far as the 12th Chinese five-year plan -- whose last year is 2015 -- is concerned, most of the goals of the seven technology areas China wanted to be in the leading positions have been achieved, and in some cases even superseded.

The Bank of China will increasingly let the yuan move more freely against the US dollar. It will be dumping a lot of US dollars every once in a while. The 20-year old US dollar peg will gradually fade. The biggest trading nation on the planet, and the second largest economy simply cannot be anchored to a single currency. And Beijing knows very well how a dollar peg magnifies any external shocks to the Chinese economy.

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Pepe Escobar is an independent geopolitical analyst. He writes for RT, Sputnik and TomDispatch, and is a frequent contributor to websites and radio and TV shows ranging from the US to East Asia. He is the former roving correspondent for Asia (more...)

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