BRICS
Learn #MMT
Warren Mosler
(http://www.collectedworksofwarrenmosler.com/)
Randall Wray
Randall Wray: Dirua hasiberrientzat
Randall Wray: Egin al dezakegu diruak guretzat lan egin dezan?
Randall Wray:
Jadanik aipatuak:
Randall Wray: dirua hasiberrientzat (elkarrizketa)
“Whaever is doable is financially affordable”, alegia, “Egingarria den edozer eskuragarria da finantzen aldetik.”
Randall Wray: nola MTM-k mundua salba dezakeen (elkarrizketa)
“Whar matters is resoursez, not money”, alegia, “Axola duena baliabideak dira, ez dirua.”
Hona hemen informazio pixka bat gehiago:
a) Randall Wray: Nola MTM-k mundua salbatu dezakeen
b) Randall Wray: MTM hasiberrientzat. Politikari baten gida
Segida MTMz:
Warren Mosler, 1996
Comments on the Current U.S. Budget Debate
(https://www.epicoalition.org/docs/comm.html)
The assumptions underlying the current budget debate are erroneous….
It is only after the deficit begins to expand again that the economy recovers. The historical correlation is 100%….
Contrary to general perception, fiat money is driven by the fact that taxpayers need the government’s money to pay their taxes. … so it can obtain the real goods and services it desires via the spending of its currency.
…. Treasury spending is a reserve add. Selling securities, by the Fed or Treasury, is simply a reserve drain, a monetary operation. This underlies the empirical evidence that nations can run any debt ratios they want, in their own fiat currencies, and still “fund the debt.”
How large a deficit is prudent? …., the government could offer a job to anyone who wanted one, at some minimum rate of pay deemed appropriate, and let the deficit float. This would end unemployment and unemployment compensation, eliminate the need for minimum wage laws, and promote price stability,…
The Federal debt is all the money spent but not taxed. …
The current budget debate is based on erroneous assumptions. Washington does not understand fiat money. Until it does, efforts to reduce the deficit will continue, and the economy will continue to underperform.
Segida:
The Brics summit in Johannesburg gives us hope for the future of the planet. 23 more countries want to join — and there is an agenda for peace and international solidarity.
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Whether we in the collective West like it or not, BRICS exists, Russia and China exist and are not going away. A reasonable person adjusts to realities and endeavours to craft a modus vivendi. Confrontation brings nothing.
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Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE have been invited to join the BRICS group of nations as full-fledged members. This will consolidate a multipolar world.
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As BRICS expands, the dependence on the US dollar and on IMF loans will gradually decrease. The world financial system was sclerotic and a thorough revamping is overdue
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IMF data indicates that the BRICS trade in goods was about $9.2 trillion in 2022, an increase of 7.8 percent over the previous year. Total volume of trade in goods among the five countries was $1.14 trillion, a year-on-year increase of 13.3 percent.
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The leader of Mali, Assimi Goita, warned ECOWAS. “If ECOWAS dares to invade Niamey, Niger, we will not only intervene, but at the same time we will militarily invade Abuja, the capital of Nigeria, to bring back the rightful winner of the 2023 election. He added: “We are fully aware of the real winner of the presidential election” – said Asimi Goita .
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Japanese specialists started to release into the ocean the first batch of treated water that was used to cool down the crippled reactors of the Fukushima-1 nuclear power plant, according to a live broadcast from the station, carried out by the Tokyo Electric Power company::
WELCOME TO BRICS 11
Rather, BRIICSSEEUA?
Argentina Egypt Ethiopia Iran Saudi Arabia UAE
Full members on January 1, 2024.
A geopolitical/geoeconomic earthquake.
And that’s just the beginning.
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Where was your condemnation when NATO bombed Libya 7,700 times in 7 months?
Or when the US/NATO dropped bombs on weddings, markets and hospitals in Iraq, Syria and Afghanistan?
Spare us the hypocrisy and selective outrage.
Aipamena
Ursula von der Leyen@vonderleyen
abu. 23
I strongly condemn the Russian drone attack on the port of Izmail in Ukraine.
Russia is intentionally and systemically targeting civilian infrastructure and destroying tons of grain meant to feed the world.
These and other attacks against civilians are war crimes Russia will be held accountable for.
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Wagner boss Prigozhin Presumed Killed in Plane Crash w/Scott Ritter
#Wagnergroup #Prigozhin #planecrash #Russia #Ukraine #Putin
Bideoa: https://youtu.be/sxKDeANGcao
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Tonight!
Russian MFA Spokeswoman Maria Zakharova’s article “The living and the dead land”:
Ukrainians must understand that the UK supplies them with a true poison & demand that depleted uranium munitions be shipped out of the country as quickly as possible. https://t.me/MFARussia/17140
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Vladimir Putin about Evgeny Prigozhin tragic death, in his own words. Imagine, how it is feeling, when enemies killing your friends and blaming yourself. They trying very hard to ignite thermonuclear WW3, poking Russian bear with flaming torches, but they will fail with that!
Aipamena
Fiorella Isabel@FiorellaIsabelM
12 h
BREAKING Putin comments on Prigozhin’s plane crash, describing him as “a man of complicated destiny,” saying “He’d made serious mistakes in his life, but also got results. For himself as well as our common cause, when I asked it of him in these last months”. Clip @DD_Geopolitics
Bideoa, hemen: https://twitter.com/i/status/1694765550021308926
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Hating Russia but not the money…
The Estonian Prime Minister, Kaja Kallas, is facing a scandal due to her family’s business connections in Russia.
The opposition is calling for Kallas’ resignation. It has been revealed that Stark Logistics, a transportation company partially owned by Kallas’ husband, Arvo Hallik, is still operating in Russia.
Additionally, it has come to light that the prime minister provided a “loan” of 350 thousand euros to her husband’s other company, Novaria Consult, which holds a 24.8% stake in Stark Logistics.
This situation contradicts Kaja Kallas’ previous statement that all trade and business with Russia should cease during the ongoing Russian special operation in Ukraine.
Join SLG Intelligence Briefings, Strategy and Analysis, Expert Community
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The leader of Mali, Assimi Goita, warned ECOWAS: “If ECOWAS dares invade Niger, we will not only intervene, but we will militarily invade Nigeria, to bring back the rightful winner of the 2023 election. We are fully aware of the real winner of the presidential election.”
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CAN POLAND BE SAVED FROM BECOMING THE NEXT UKRAINE? LIVE W/ SCOTT…
MAKE SURE TO JOIN ME ON LOCALS: https://aniak44.locals.com/ BUY ME A COFFEE ( FOR MY TRIP TO CHINA): https://www.buymeacoffee.com/6hil06gikl FOLLOW ME ON INSTA…
Bideoa: https://youtu.be/vhbSOii1_U4
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Jackson Hinkle @jacksonhinklle
BRICS has formally announced that they will be accepting:
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Argentina (IMF)
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Saudi Arabia (de-facto OPEC+ leader, petrodollar nuked)
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Egypt (received over $80 BILLION in U.S. foreign aid since 1978)
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UAE (long-standing close relations w/ US)
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Iran
This changes everything.
200M views. Tucker vs. Trump is easily the most watched interview in history.
Broadcast with no ad breaks, no corporate filter & no censorship.
Just raw, fascinating insight & honesty that users devour.
X is Breaking the media landscape —forever.
Wow.
Bideoa, hemen: https://twitter.com/i/status/1694705189410746412
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pocalypsis
pocalypseos
?@apocalypseos
On August 24, Lavrov met with the President of Bolivia, Luis Arce, on the sidelines of the BRICS Summit in Johannesburg. They confirmed their countries’ shared policy of strengthening the multifaceted partnership between Russia and Bolivia, focused on the key aspects involved in expanding the political dialogue and international cooperation, discussed further steps to develop collaboration in trade, the economy, and investment, and dwelled on how to promote Bolivia’s bid to join BRICS.
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The President of a nation which colonized and pillaged 20 countries across Africa is lecturing Russia… which never had a single African colony… about predatory influence on the continent. You just can’t make this stuff up.
Zakharova: The results of the BRICS summit are great, isolation as a weapon of the USA has been defeated forever
“It is not BRICS that threatens the United States of America, it is the state of the USA, its liberal economy, the neoliberal model. I think that the expansion of BRICS will not be some kind of cold shower for the USA, Great Britain and the EU. I think it is too soft and too light a term. It will become a new reality for everyone, and it will be a demonstration of this new reality that they hide and do not show on American channels,” says the spokesperson of the Ministry of Foreign Affairs of Russia, Maria Zakharova.
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Ukraine’s truly totalitarian dictatorship, which cracks down on dissent and rewrites history, gets stronger by the day, Russia’s Permanent Representative to the United Nations Vasily Nebenzya said at the UN Security Council meeting:
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Foreign Minister Sergey Lavrov and UN Secretary-General
hold meeting on the sidelines of the #BRICS Summit Johannesburg, August 24, 2023
Maria Zakharova
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Jackson Hinkle @jacksonhinklle
BRICS countries have reached an agreement on the expansion of the union, guidelines to be announced soon.
Bideoa, hemen: https://twitter.com/i/status/1694499330038628701
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BRICS is not competing with anyone and does not oppose anyone, but the establishment of a multipolar world order has irreconcilable adversaries, Russian President Vladimir Putin said by video link at the BRICS Plus/Outreach meeting:
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On August 24, FM Lavrov met with President of Bolivia Luis Arce Catacora.
The officials confirmed their countries’ shared policy of strengthening the multifaceted partnership between Russia and Bolivia.
https://is.gd/1QAwfk #RussiaBolivia #BRICS
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Jackson Hinkle @jacksonhinklle
Putin will be giving 25,000-50,000 tons of grain to six African countries FOR FREE
Bideoa, hemen: https://twitter.com/i/status/1694728390517899685
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Lavrov on the plane crash with Prgozhin: an investigation is underway. I urge you to focus on the facts and not on what the western media say
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Russia in South Africa @EmbassyofRussia
President Vladimir #Putin at the XV #BRICS Summit:
We oppose hegemonies of any kind and the exceptional status that some countries aspire to, as well as the new policy it entails, a policy of continued neo-colonialism.
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Henry Kissinger turns 100 today, across his lengthy career, his policies have led to the destruction of several countries:
-US carpet bombing of Cambodia, which killed between 150,000-500,000 civilians, approving each of the 3875 bombing raids between 1969-70
-Gave the green light for Pakistan to launch its brutal killings in Bangladesh, which led to 3 million deaths
-Approved Argentina’s ‘Dirty War’ against left-wing Argentinians, which killed around 30,000 people
-Oversaw many of the years of the US bombing of Laos, in which the United States dropped 260 million bombs on the country, which killed an estimated 200,000
-Oversaw the Nixon years of the US’ imperial was on Vietnam, the final death toll of the war was 2.5-3 million Vietnamese deaths
-Helped organise Augusto Pinochet’s fascist coup in Chile, thousands killed in the formative years of Pinochet’s regime
-Gave the green light for Indonesia to invade East Timor, resulting in a brutal occupation that would last 24 years. Hundreds of thousands died.
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Russian Embassy, UK@RussianEmbassy
President Vladimir Putin: Russia has responsible attitude on energy exports which mostly focus on rapidly developing markets. By offering its fuel at competitive prices, Russia helps friendly countries keep prices down while expanding manufacturing and agricultural output. This strengthens their energy security and makes their economies more resilient. http://en.kremlin.ru/events/preside
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Next time you hear a US representative talk about sovereignty and democracy, here’s a list of all US-backed regime change attempts just during the Cold War. There have of course been countless more attempts post-1989, not least the successful 2014 regime change in Ukraine which triggered the current conflict.
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erabiltzaileari erantzuten
This is from Lindsey A. O’Rourke’s Covert Regime Change (h/t @ParrotChecker)
“Many European countries love to interfere in the domestic issues of other countries. They love to speak as if they are on a higher moral ground. We are mature enough to make decisions about our own future. We don’t need advice from Europe.” — Hungarian FM, Péter Szijjártó
Bideoa, hemen: https://twitter.com/i/status/1694486755830055222
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Argentina’s current government said it will accept the invitation to join BRICS in 2024 But elections are in October, and far-right candidate Javier Milei and right-wing candidate Patricia Bullrich both are extremely pro-US and would refuse to join BRICS
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All 5 members voted for Iran’s membership of BRICS, just like last year when all members of the Shanghai Cooperation Organization voted for Iran to join them too. In the West, they come to believe their own anti-Iran propaganda, whereas most of the world sees right through it.
Aipamena
Yashar Ali @yashar
22 h
Unsurprising given that two of your greatest enablers, China and Russia, are founding members. twitter.com/mhmmdjamshidi/ …
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Russian President Vladimir Putin has expressed condolences to the families of the people that were killed in the crash of the Embraer jet that carried the head of the private military company Wagner, Yevgeny Prigozhin:
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Foreign Minister Sergey #Lavrov:
The new world centers are no longer ready to live at the behest of the #West, which is unable to abandon its colonial habits.
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World’s TOP OIL Producers:
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USA – G7
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Saudi Arabia – BRICS+
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Russia – BRICS+
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Canada – G7
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China – BRICS+
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.UAE – BRICS+
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Iran – BRICS+
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Brazil – BRICS+
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Putin expressed condolences to the families of those who died in the plane crash in the Tver region. He referred to Prigozhin as a person with a complex fate but acknowledged his talent.
Putin stated that the “Wagner” group made a significant contribution to the fight against Nazism in Ukraine, and this will never be forgotten.
Putin shared that he had known Prigozhin for a very long time, since the early 90s. While acknowledging Prigozhin’s mistakes, he highlighted that he achieved meaningful results both personally and for the greater cause.
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President Vladimir Putin:
#BRICS countries are developing honest, equal and mutually respectful cooperation with all interested states, as well as regional integration bodies, incl #CIS, #EAEU, #ASEAN, SCO, Caribbean Community and Cooperation Council for the Arab States of the Gulf.
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BREAKING: More than 145 million views for one interview! This is greater than the total views of all interviews conducted by mainstream media combined this entire year in the US of A. Tucker and Trump, that’s a deadly combination for MSM and RNC operatives who still don’t get it
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Oh God, is the #NATO War Machine still based in Brussels..? Having the #EU Headquarters + NATO’s in the same city has not been good – EU is fast evolving into a pawn of NATO which was set up by #US Empire in 1949 to keep the countries of Europe subservient to US Imperialism…
#Breaking: China firmly opposes and strongly condemns #Japan’s unilateral move of dumping the nuclear-contaminated water into the sea in disregard of the opposition from the international community. China has lodged a serious protest with Japan, demanding that they halt this erroneous act: Chinese Foreign Ministry
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Lavrov commented on the flurry of Western disinformation about the plane crash in the Tver region
Sergei Lavrov said on the sidelines of the BRICS summit in South Africa that it was difficult for him to comment “from here” [from Johannesburg] on something related to this tragedy, but it can be argued that “an investigation was launched at lightning speed.”
“I would suggest focusing on the facts, and not on what the Western media offer,” summed up the Foreign Minister.
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Great thread! Western media always have an unparalleled ability to present what’s actually laudable reform aspirations of multilateral institutions into some sort of nefarious plot.
This lack of fairness and balance is partly why their readers’ trust is at an all-time low .It’s also why institutions like BRICS are expanding: since every effort to reform is understood by the West as a nefarious plot and rejected, global South countries are organizing to push reforms without them… Just so self-defeating.
Aipamena
Thomas Fazi@battleforeurope
21 h
So I read the latest “China is taking over the world” FT article, accompanied by the trademark scary dragon imagery. Here’s what I learnt
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The Economist magazine, the mainstream media voice of Western oligarchs, states clearly: “Australia is becoming America’s military launch-pad into Asia” (for war on China) Australia abandons its sovereignty while making itself a target in a potential war
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President of Russia Vladimir #Putin during the #BRICS Plus/Outreach format meeting:
The emergence of a new world order has its fierce opponents who are seeking to stall this process & avert the emergence of new, independent centres of development. https://t.me/MFARussia/17134
Seyed Mohammad Marandi@s_m_marandi
The end of the old Eurocentric world order.
Years of sanctions and mistreatment of Iran in the interest of Israel have led the US to lose the most influential and powerful country in West Asia (Iran) to join the BRICS bloc, where the end of the dollar and the end of the US empire is now a certainty
Had the US treated Iran fairly, China’s BRI and Russia’s dream of short route access to warm waters (INSTC) would have been thwarted.
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Learn #MMT
Aipamena
Ben Norton@BenjaminNorton
14 h
At the BRICS summit, Brazil’s President Lula da Silva called for creating a new reserve currency to challenge the hegemony of the US dollar There is now a BRICS working group that is developing plans for this, but it will be a long and complicated process https://agenciabrasil.ebc.com.br/es/internacion
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— GEROMAN — time will tell – —@GeromanAT
Yuri Podolyak on the state of the Ukrainian Armed Forces:
“I returned from the front line of combat, talked to the guys who captured soldiers of the Ukrainian Armed Forces in the southern sector. There are noticeable changes: now they often surrender even when they could cstill fight. There has been a psychological shift among Ukrainian soldiers, and more and more of them really don’t want to end up in this slaughter. The Kiev regime must understand that it will only get worse from here.
The turning point came in June-July, when Ukrainian soldiers began to realize that it was the end. The Russians didn’t retreat. It’s reminiscent of the critical point the German army faced at Stalingrad.
A new wave of mobilization in Ukraine will likely face much greater resistance from society. Although they could recruit 200,000 to 300,000 within six months, due to raising the age, canceling previous deferment conditions, and other measures. But the quality of this contingent will be very low. The best of them are currently dying on the battlefields.”
How will the loss of numerical advantage affect the Ukrainian Armed Forces?
“In the most catastrophic way, as we’ll be able to form strike groups with a force imbalance and launch attacks much faster and more effectively. The fewer Ukrainian Armed Forces soldiers on the front, the harder it will be for them to defend.
Right now, on the Kupyansk sector, as soon as Ukrainian soldiers have to withstand a week-long barrage of our artillery and aviation, they become non-combat capable and essentially surrender positions without much of a fight. Western sources also note that Russia’s army is growing by 20,000 people every month, accounting for losses. These are volunteers.
So, by winter, the numerical advantage of the Ukrainian Armed Forces could be nullified, and the quality of their army will continue to degrade.”
DDGeopolitics
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The BRICS alliance will expand to include Argentina, Saudi Arabia, Iran, Ethiopia, Egypt, and the UAE.
BRICS members will have a combined population of 3.7 billion, forming 46% of humanity.
A combined GDP of $30 trillion+ and 80% of oil production.
Multipolarity is upon us.
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The West’s ambitions to defeat Moscow strategically have forced Russia to carry on with its work on the battlefield, rather than through diplomatic channels, Russian Foreign Minister Sergey Lavrov told:
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Russian FM Spokeswoman Maria Zakharova stated that all Western attempts to derail the BRICS summit in Johannesburg have been unsuccessful.
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erabiltzaileari erantzuten
Just a quick reminder that if you were at war with Russia, you wouldn’t be able to hold such a meeting because a) you’d be dead, and b) Kiev would be in ruins.
Also a reminder that if you receive F-16’s, Russia may treat it as an act of war.
See a) and b) above.
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@tobararbulu # mmt@tobararbulu
Learn #MMT
Aipamena
Russia in South Africa @EmbassyofRussia
19 h
President Vladimir #Putin:
I believe that a #BRICS single settlement currency definitely deserves our attention.
This is a complex issue but we have to move towards resolving it in one way or another.
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China’s President Xi met with Cuba’s President Díaz-Canel at the BRICS summit and pledged that “China will continue to firmly support Cuba in defending national sovereignty and opposing external interference and blockade”
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Russian Embassy, UK@RussianEmbassy
President Vladimir Putin: #BRICS today naturally focuses on Africa, and we in Russia are happy about that. We believe that this is the right approach.
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erabiltzaileari erantzuten
But it might explain why Ukraine has lost more than 400,000 men killed, and is in the process of losing the conflict.
Quick question: do you have a Plan B for employment when Russia finishes its demilitarization process? There’s a Seven Eleven down the road taking applications.
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Seyed Mohammad Marandi@s_m_marandi
The Islamic Republic of Iran has now joined both BRICS and the Shanghai Cooperation Organization.
This signals the failure of US and EU regimes to isolate and break Iran by imposing maximum pressure on its citizens.
The sun is setting in the Empire. Can the “West” evolve?
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Australia committing $368 billion dollars to join the US in a security deal to protect themselves from their #1 trading partner China has to be one of the dumbest deals in world history. Big winners here are US and UK weapon manufacturers.
Aipamena
Bob Carr@bobjcarr
abu. 24
How the world sees us. The Economist: “Australia is becoming America’s military launch-pad into Asia.” Says “Australia is arming itself with weapons that can threaten China.” https://economist.com/asia/2023/08/2
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500,000+ Ukrainian men have died in the service of Ukraine coup and war architect Victoria Nuland. The best way to support the people of Ukraine is to stop funding the corrupt Zelensky regime, seek peace and stop the war.
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Russia sees no signs that the West is ready to comply with Moscow’s conditions for returning to the grain deal, Russian Foreign Minister Sergey Lavrov told reporters:
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Russia in South Africa @EmbassyofRussia
FM Sergey #Lavrov:
Enlarged #BRICS is one of the main pillars of the new #WorldOrder.
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FM Sergey #Lavrov during talks with First Deputy Secretary-General of the
Nomvula Paula #Mokonyane:
The African National Congress is Russia’s long-standing and reliable partner and the same is true of the South African Communist Party.
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I’m a simple enlisted man – 26 years. Highest rank achieved was E-8. But even I can see there’s no happy ending for #Ukraine.
Ukraine will ‘capitulate unconditionally’ – Scott Ritter — RT World News https://rt.com/news/581761-ukraines-president-volodymyr-zelensky-speaks/
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Russian Embassy, UK@RussianEmbassy
Johannesburg II Declaration
“We have decided to invite the Argentine Republic
, the Arab Republic of Egypt
, the Federal Democratic Republic of Ethiopia
, the Islamic Republic of Iran
, the Kingdom of Saudi Arabia
and the United Arab Emirates
to become full members of #BRICS from 1 January 2024.”
http://static.kremlin.ru/media/events/f
Jackson Hinkle @jacksonhinklle
PUTIN comments on the DEATH of Wagner’s Prigozhin: “Yevgeny Prigozhin was a man of many talents who made a significant contribution to the struggle against neo-Nazis. Prigozhin was a man of complicated destiny. He’d made serious mistakes in his life, but also got results.”
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China is a friend that Africa can count on. China has provided a large amount of development assistance to Africa and helped build more than 6,000 kilometers of railway, over 6,000 kilometers of highway, and 80-plus large power facilities on the continent.