Revelations 18:9-11 “The kings of the earth who committed fornication and lived luxuriously with her will weep and lament for her, when they see the smoke of her burning, 10 standing at a distance for fear of her torment, saying, ‘Alas, alas, that great city Babylon, that mighty city! For in one hour your judgment has come.’ 11 “And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore
Important Takeaways:
- Asian nations sign pact to shift away from dollar
- The ASEAN+3 group consists of the ten member states of the Association of Southeast Asian Nations, which are joined by China, Japan, and South Korea.
- Attempts to shift away from the greenback in international trade have been gaining momentum among major economic blocs such as ASEAN and the BRICS group, which consists of Brazil, Russia, India, China, and South Africa.
- The step comes against the backdrop of sweeping sanctions introduced by Western nations against Russia, a major global energy producer and exporter.
- The head of the Indonesian central bank, Perry Warjiyo, said last month that his nation was implementing a shift away from the dollar with countries such as Thailand, Malaysia, China, and Japan. In March, Brazil and China signed an agreement to trade in their own currencies, dropping the greenback as an intermediary.
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William Penn – “If we are not governed by God, then we will be Governed by a tyrant”
Important Takeaways:
- BRICS nations offer a new world order as alternative to the West
- It offers a diplomatic forum and development financing, outside of the Western mainstream.
- …now the BRICS nations—Brazil, Russia, India, China, and South Africa—are setting themselves up as an alternative to existing international financial and political forums.
- Brazil, Russia, India, China and South Africa are trying to position themselves as representatives of the Global South, providing “an alternative model to the G7”. The G7 is an “informal forum” of heads of state of the world’s most advanced economies, founded in 1975. Germany, France, the United Kingdom, Italy, Japan, Canada, and the US are members, as is the EU.
- “Consequently, some European and US policymakers worry that the BRICS may become less an economic club of rising powers seeking to influence global growth and development, and more a political one defined by their authoritarian nationalism.”
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Revelations 18:9-11 “The kings of the earth who committed fornication and lived luxuriously with her will weep and lament for her, when they see the smoke of her burning, 10 standing at a distance for fear of her torment, saying, ‘Alas, alas, that great city Babylon, that mighty city! For in one hour your judgment has come.’ 11 “And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore
Important Takeaways:
- Mexico Plans to Join BRICS Amid Growing Tensions with US
- Mexico has expressed its interest in joining the BRICS group of emerging economies, which currently consists of Brazil, Russia, India, China and South Africa. The Mexican Foreign Minister, Marcelo Ebrard, said that Mexico shares the vision and values of the BRICS and hopes to deepen its cooperation with them in various fields, especially in medicine and trade.
- Mexico’s move comes amid growing tensions with its northern neighbor, the United States, over issues such as immigration, border security, trade and human rights.
- Mexico sees the BRICS as an alternative platform to diversify its foreign relations and increase its global influence.
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The leaders of the BRICS nations are discussing the creation of a development bank that would be in direct competition to the World Bank.
The heads of Brazil, Russia, India, China and South Africa have long complained about a western bias in the decisions made by the World Bank. The fund would develop infrastructure projects in developing nations. Continue reading →
