3 Minute Gold News
getting safely from here to there – while the world swings hard
The Valdai Discussion Club is made up of the Russian intellectual elite and opinion-makers.
It published an article yesterday on BRICS and the international order.
https://valdaiclub.com/about/valdai/
British journalist Angus Roxburgh described the Club as part of the Russian propaganda effort. – wikipedia
Here’s the article written by
https://valdaiclub.com/about/experts/192/
Timofei Bordachev
Russian Federation
Let’s see what they have to say.
A hidden message in plain sight.
BRICS has started their 2024 Summit in Russia.
Putin has publicly greeted India’s Modi with an overwhelming show of affection, to give the world the impression that they are so close they can be understood without a translator.
The angle is that the US has an unfair monopoly, and BRICS has the power to create a new fair order for the whole world.
That the US has already lost its power and the new order can come the hard way or the easy way – war or else accepting what the BRICS will put together to create a new order.
China “took from the West almost everything it needed in the past decades.” says this writer.
Here’s a synopsis:
The statements are the writer’s and my views are in parenthesis.
Published October 21, 2024, a day before the summit began.
BRICS Before the Kazan Summit: The Dialectic of Creation and Destruction Against the Backdrop of a New World Order
International politics right now is not going in a straight rational line from point A to point B.
That straight line would be a world war.
But, If the international order is revised, then there is a low chance of world war.
China, India and Russia are the leading states of the “international community” and they are working on revising the world order.
They are choosing between the process of building a new order or destroying the old.
(He’s saying they are the leaders, the old order is already over, and that they get to choose if they want to either build a new order while the US submits, or else they just destroy the US order with revolution and war.)
They call the US and western world the “outgoing world order”.
They call the current system powers the “opponents of the international community” and “a narrow group of countries led by the US.”
He says the US and western world has privileges, and the war in Ukraine is being used by them to preserve those privileges.
There isn’t a clear and simple path to a “new, more just global order” because the US and the western countries want to keep their advantages.
The US and its allies have “very solid resources and influence, which are not limited to punitive instruments against dissenters.”
(So, the US and its allies are very powerful, and they have ways to bring in more players and make their group power larger.)
This makes the “path of revising the international order” more difficult, where a world war would be easier.
BRICS success gives the writer optimism they will succeed, (as they are trying to go the difficult route of overthrowing the current system without a world war) and gives “more chances that everything that is happening now will be studied by someone in the future.”
There are many initiatives and undertakings to dethrone the US, but BRICS is the most important.
BRICS is made of nations that have the power to change the balance of power and dethrone the US.
It is made of nations whose desire to work together to overthrow the current power balance is so strong they are willing to put their own difference aside.
BRICS means the West cannot keep the “evolution of international governance under its control.”
(So, this means that the West could work towards avoiding war and negotiating to evolve the current global system, but BRICS doesn’t want the US to control the process or be part of it.)
All international architecture, starting with the UN, is a product of the US and Western Europe. (This is true.)
In the past, changing the power balance involved war – a revolution.
The West is “increasingly and stubbornly” trying to defend the previous and extremely comfortable order for itself.
(So, this article is attempting to put forward that the current world order is already the past world order, and that they are just trying to peacefully create a more fair world for themselves through negotiation.
They are trying to get the West to believe that they have already been defeated, and therefore to surrender, in order to avoid a world war.)
BRICS is an instrument of civilized restructuring to overthrow the West’s monopoly on power.
So many countries want to join BRICS that the current members have a serious choice.
BRICS was started to help its members develop.
Now it is choosing whether to become an organization aimed at destroying the whole current US led system instead of just developing the current member nations.
After World War II, the Western countries were able to create institutions that allowed them to keep the USSR under control and ultimately doomed it to defeat.
Now the situation has changed.
The writer says BRICS members believe they can stop the US from having a global power monopoly.
BRICS believes that even if the West leads in military and economic spheres, it won’t have complete dominance when they’re done.
“But the West is making efforts to destroy what it is no longer able to fully control.
It pushes others to take more decisive measures, or to think about their inevitability.”
(The writer believes the US is pushing for war by not giving up its monopoly.)
This, in particular, is the reason for some differences in approaches to the BRICS agenda between its most important participants – China and India.
CHINA, INDIA & RUSSIA
He writes, China is not seeking a direct clash with the West, but wants to more consistently eliminate the monopoly of the United States and Europe.
Beijing has significant resources for this, as well as the diplomatic ability to achieve its goals without entering into direct armed confrontation.
So does Russia.
India, for its part, sees BRICS as an essential tool for achieving its own development goals.
But India needs the United States and Europe as an important source of technology and investment.
China doesn’t need the US because it “took from the West almost everything it needed in the past decades.”
China and India can “no longer, due to their scale, put up with the Western monopoly.”
They are both acting within the framework of the dialectic (two opposing views interacting) of destruction and creation.
China can go with destruction because it has the ability to “independently protect its interests.”
“China’s is now on top simply due to the development of its economy and the growing well-being of its population.”
The rest of the nations cannot independently protect their own interests and so they don’t have the option of destruction, and are going with the angle of creating.
Each of the nations are building their internal forces and resources.
So, how inevitable is it that this dialectic will move to being destructive? (He’s threatening that if the US doesn’t give up its monopoly now, it will be forced to soon.)
Turkey is “curious” he says. It wants to join BRICS, but is a member of NATO and a base for US nuclear forces in Eurasia. Turkey is also a formal ally of Washington.
They could be a Trojan horse for the West, or they could be legitimately looking to move to BRICS for their own development.
Malaysia wants to join BRICS, and it looks like it’s for their own development.
The US is not going to have lots of resources to help other nations develop.
Europe is vulnerable and suffering, and so the US is not going to want to help other nations develop, and then see them become Europe’s competitors.
This article believes the US and the West are going to give less and demand more from their allies going forward.
Ultimately, he says, the US can only truly rely on those countries whose political systems it completely controls. It will only work for weak nations, and the US will not want to see those nations become stronger.
The cold war between the US and USSR gave the space for China to grow. But now the US is in a position where it only gains by destroying others to keep control.
Growing nations would be better off working with BRICS to overthrow the US and the West, and work with China and BRICS.
(Looks like the article is aimed at persuading mid-sized nations to join their team.)
The US will only negotiate for deals that keep a complete dominance of the West, “maintaining the monopoly position of the United States and the European Union in world affairs, as well as the irreplaceability of the elites in these countries at the domestic political level.”
BRICS will only be successful if they overthrow the West and create a new system that benefit the countries in BRICS.
(BRICS have their own elites.
This writer believes there will either be a world war to create the new order or else enough nations will create the new order together in their own best interests and the US and the West will just surrender to it and be forced to go along under it.)
There will be uncertainty in international politics and the world economy until the “destruction or creation” is done.
There will not be a clear forming of strategic objectives on the national or international levels.
“Any attempts at such clarity will only be signs of attempts by individual countries to mislead others and thereby gain unilateral advantages.”
My thoughts:
This writer wants the reader to believe that there is no alternative to overthrowing the US led system, China and India have to grow, that it’s a done deal, and now we can either do this the hard way or the easy way.
The writer wants the reader to believe that the BRICS is for global good and if the overthrow has to be done by war then it’s the West’s fault, because they didn’t surrender their monopoly and accept the terms of the BRICS, who are looking out for the good of all.
This is a Russian think tank saying this, instead of China, which would look more aggressive and confrontational.
Looks like a good cop, bad cop play.
Of course each party is looking to gain advantages. That’s each nation’s job. He has clearly said that BRICS nations are looking to gain advantages at the West’s expense.
This looks like he is front-running in case Donald Trump wins the US election and begins negotiations to do more business with more nations, to grow the global economic pie.
Trump has said many times that he prefers more business and that he does not want war.
It looks like Trump is the dialectic lean towards creation and not towards destruction. So this writer wants the international community to believe they will be better off with BRICS and China leading, as opposed to the US leading.
He clearly says that even if the US stays the leader in military and economic spheres, it doesn’t need to have a monopoly. That’s where negotiations can begin.
The writer gives his opinion of Russia’s position:
“For Russia, maintaining uncertainty is not a problem: in the end, we are now dealing with a constant freedom of choice, which is best suited to Russian foreign policy and diplomacy, judging by our historical experience.”
So Russia is letting the US know that it is not choosing war or negotiation, one or the other. They are open to negotiation if Trump gets it.
He’s saying China isn’t looking for war, but if the US won’t give up its monopoly on global institutional power, then China won’t just keep the status quo, because they need to grow, and don’t need to avoid war.
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Ruled and run by a dollar and a gun.
The world is spun by some media fun.
But the Ponzi game in Caesar’s name is virtually done.
There’s a new race.
- lyrics from the song “Bitcoin Barbarians”
Individual and national expression, and their expansion and contraction swings. Everything swings.
What moves slowest and has no counterparty risk?
In economics that’s physical gold.
In individuals it’s their individual viewpoint.
Can you keep your thoughts separate from emotional connection to an angry group?
It’s the only way not to be ruled and run by a dollar and a gun.
To think.
To align to a group ideology when you choose and unalign when you choose.
That’s control, and the individual human’s power.
I’ll stop here.
Elaine~
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Thank you to Jim Rickards for including me in his New York Times bestselling book The New Case for Gold.
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Nothing on this site is intended as individual investment advice. We’re all watching which way the wind is blowing.
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Gold has hit historic highs because trust in government is at historic lows.
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Communication Theory….
As the alphabet took the magic of words and divided them into tiny repeatable units, strung along in written symbols that did not look like the sound, then reformed into words and meaning in the quiet of one’s own mind, so currency separates commodities and items of value into concise repeatable units.
The currency is packaged and shipped, identical, and is value as exchange for meaning of value to the receiver.
The oral societies are not led by the alphabet; they are led by the voice and ear. So each item is different, unique, and exchange is bartered over for each unit. These countries will not easily move to digital wallets and identical purchases. The unbanked are sometimes unbanked by choice.
Those in power talk about taking care of the ‘unbanked’. But the care is misplaced. A new bank account will earn the banker fees, and the expansion of the currency supply is not a desire of the central banking system, it is its lifeblood.
If the unbanked have a devise with a digital wallet then they can be tracked as data and aggregated for easier control. A retail CBDC in the unbanked hands can be programmed by the central authority to be used to the benefit of the center.
To keep their central bank system going they must have ever expanding borrowing and debt.
Their system has failed because it has to fail.
Sooner or later you run out of people to lend to, so they need to add the unbanked, and they’ve created a ‘green’ issue to make new reasons to create more debt.
The business cycle cannot be stopped; it rises and falls as every closed system does. They know this, and so those in power are rushing to cement control with new technology before the first out of the gate with new products beat them to market share. The rush is to try to regulate to keep the status quo.
But it’s impossible.
AI is the new race.
Humans want to control the data inputed believing their own control will keep them in control. No one has any idea what complex financial instruments will be created by generative AI. Controlled by itself. For whose benefit?
My biggest concerns at the moment come from Understanding Media, written by Marshall McLuhan. He writes of Nobel prize winning author Alias Canneti’s book, Crowds and Power, talking about the psychic effects of the Germany hyperinflation after the First World War.
The depreciation of the citizen went along with that of the German Mark.
There was a loss of face and of worth, in which the personal and the monetary units became confused.
When everything is mechanical, it includes thoughts, money and humans.
I hope that confusion doesn’t return.
Elaine~
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Thank you to Mike Maloney for including me in Episode 1 of his bestselling series Hidden Secrets of Money.
Coins and Crowns
words and music Elaine Diane Taylor
SOCAN/ASCAP
from the album Coins and Crowns
Coins and Crowns is featured in Episode 1 of Mike Maloney’s bestselling series Hidden Secrets of Money.
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Not Much of a Holiday (Bank Holidays and Media Persuasion)
words and music Elaine Diane Taylor
Single available on iTunes
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A Terrible Breeze (War and Social Media)
The news comes down
A little bluebird sings
Words of war
Fire and furious things
Of testing might
‘Til no patience knows
If keeping still
Still keeps you safe at home
It’s a terrible breeze
They speak of today
Of threats that used to live a world away
We all know wind
Can blow both ways
And a terrible breeze can blow it all away
A worldwide net
Sees our village grow
Until we all forget
What each one used to know
How a blind bird’s wings
Can reach the shore
And turn the wheel of peace and war
Village fools sinking down, down, down
Debt and gold wound in numbered shrouds
Deal of a life it’s bread and clowns
Can we afford another go around?
The news comes down.
It’s a terrible breeze. The news comes down.
words and music Elaine Diane Taylor
Single available on iTunes
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Preparing for the Fall is a live boutique album available for digital download — featuring Wag the Dog, Black Swan Dive, American Pie and Gods of the Copybook Headings. Also available on iTunes, Google Music, Amazon Music and major digital distributors.
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The Gods of the Copybook Headings
words by Rudyard Kipling and music by Elaine Diane Taylor
from the album Preparing for the Fall.
The copybooks of the early 1900s gave us all the wisdom we need. The sayings that were copied are the truths, the gods of our world. All the empires who followed the gods of the marketplace have fallen, and there’s terror and slaughter when the gods of the copybook headings return. The lyrics are by Rudyard Kipling. One of my gurus.
Another Week on Wall Street
words and music Elaine Diane Taylor
from the album Coins and Crowns.
“A little grease (Greece) is floating out to sea, and little pigs (Portugal, Italy, Greece and Spain) are bobbing up and down, they’ll send a storm and we’ll see, when the tide goes out who’s naked on the beach“. The world is changing as we know it.
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Nothing on this site is intended as individual investment advice. We’re all watching which way the wind is blowing.
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