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IPFS News Link • Economy - Economics USA

West vs. BRICS: The New Cold War

• http://www.thedailybell.com

Lula and the BRICS in a fight to the death … "BRICS" is the dirtiest of acronyms in the Beltway/Wall Street axis … So it's no surprise the three key BRICS powers have been under simultaneous attack, on many fronts, for some time now. -RT

This RT article provides us a momentous summary of the world's latest Cold War.

It is "The BRICS Versus the Anglosphere."

The analysis comes from one of the savviest of global journalists, Pepe Escobar, who regularly publishes well-received books about international power politics.

More on the tensions:

On Russia, it's all about Ukraine and Syria, the oil price war … On China, it's all about "Chinese aggression" in the South China Sea and the (failed) raid over the Shanghai/Shenzhen stock exchanges.

Brazil is the weakest link among these three key emerging powers. Already by the end of 2014 it was  clear the usual suspects would go no holds barred to destabilize the seventh largest global economy, aiming at good old regime change …

So the proverbial lines have been drawn.

After all, the BRICS have set up their own competing version of the International Monetary Fund and are soliciting currency deals around the world that bypass the dollar.

Their leaders are even contemplating a new reserve currency, perhaps a basket of world currencies that they could develop jointly with the IMF.

The article mentions a "major underwater fiber-optic telecom cable between Brazil and Europe, as well as … uniting South America to East Asia – both bypassing US control."

Finally, the article covers the recent, emergent political harassment of Brazil's previous president, "Lulu," who reportedly spent a good deal of his presidency fending off US Big Oil.

As far back as 2009, major US oil producers lusted after Brazil's fabulous oil wealth, according to documents provided by WikiLeaks. But it was Lulu – Luiz Inácio Lula da Silva – who built up state-run Petrobras to manage Brazil's vast oil resources and gave oil exploration rights to China's Sinopec rather than Western oil giants.

Thus, comes payback. Its mechanism is the close cooperation between Brazilian Federal Police and the FBI and CIA. These policing elements are driving a "Car Wash" investigation that has unearthed massive corruption.


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