Eric LaMont Gregory 2020
  • Eric LaMont Gregory
  • Trump announces Military Doctrine
  • Donald J Trump - like father, like son
  • The Meeting, Trump Tower, June 9 2016
  • First Duty
  • 13 Angry White Male Senators
  • Mean SOBs, Ryan & Jordan
  • Trumpgate, a review of the facts
  • Terror on London Bridge
  • Principled Deterrence
  • President Orrin Hatch
  • Battle for Mosul
  • Open letter to President-elect Donald Trump
  • Anti-Trump Ryan as Speaker, doubtful
  • Haiti - shameful Red Cross 40% admin costs
  • Deadly Bastille Day in Nice
  • Trudeau in China
  • getting away with murder
  • Rachel Maddow's error
  • Special Powers
  • Open Letter to Justin Trudeau
  • Brussels - revenge attack
  • Common Act
  • Gregory's forte
  • Obama is not a Muslim
  • O Canada, O Canada
  • America First
  • Brexit triumphs in UK referendum
  • wake up, America
  • Ali
  • a model relationship
  • Canada's CF-18s in or out
  • Guns, Obama, the NRA & the Cleric
  • Obama, I will Listen
  • The Chaplain Who Saved Marriage
  • Gorsuch & Brown v Board of Education
  • The Generosity of America
  • Human Rights
  • a stab in the back.
  • Obama on US troops in Syria
  • Guns, Obama, Ryan & the Cleric
  • To Protect and To Serve
  • Where is Alma Del Real?
  • Paris - Sanguiary excess, again
  • The Islamic World - a primer for policy makers
  • The Lists - The Missing and Unsolved Homicides
  • The term lone wolf is oxymoronic
  • Michiana Murders
  • Clinton
  • Jeb Bush - heir presumptive
  • Kings, Emperors & John Boehner
  • Donnelly - the constant campaigner
  • The Oxford Scientist - Blog
  • Jay Nixon - Is No Robert Kennedy
  • Elizabeth Lauten & Stephen Fincher
  • US Congress on Trial
  • Kevin McCarthy
  • focus now on 2016
  • Jackson, Boehner & Comey
  • The Ultimate Vanishing Act
  • Information Disconnect
  • The Egyptian Secret
  • The America In Crisis Essays
  • Selections from The Ultimate Vanishing Act
  • Designated Survivor
  • Malaysian Airlines Flight 370
  • Ukraine - the Putin Doctrine
  • Butch Pelle publishes new book
  • Twilight
  • Principles
  • The Ultimate Vanishing Act - Buy Book
  • Income Inequality
  • The Butler
  • The Sonny Thomas Show
  • Bridge-gate: a closer look at Christie's staff
  • Mandela
  • Liangjun Wang
  • Cease Fire not Commence Fire
  • The 5000 Year Leap
  • Rethinking Syria
  • Share Videos - Get Paid
  • about Chechnya
  • Rethinking the War on Terror
  • The Boston Marathon Massacre
  • WMFD-TV
  • my own business
  • Tepid waters
  • 2012 Crossing Over: A New Beginning
  • State of the Union
  • use of force continuum
  • Linkage Blindness
  • No Budget, No Pay - gimmicky and not serious
  • None Dare Call it Treason
  • Kasich Expands School Voucher Programs
  • Tina Nixon Meranda
  • American Summarily Executed
  • Business as Usual
  • Emancipation
  • President sworn in
  • Jeff Hardin Passes
  • The Budget - Toxic Politics
  • Power
  • Christmas Hanukkah Kwanzaa
  • The Federal Reserve
  • Newtown - a cry for help
  • Quarantine
  • French to Ohio Supreme Court
  • 11 September
  • Bob Bennett WCIT
  • Kennedy takes oath
  • Mike DeWine - WCIT
  • Thanksgiving Proclamation
  • Hidden Crimes, Hidden Victims
  • Clermont Tea Party
  • Huber Heights
  • Butch A'Peelle
  • Cry, My Beloved Country
  • The Penultimate Word
  • Tax cuts to expire
  • a time to judge
  • Cruel Winds of October
  • Tea Party
  • Doctrine
  • Taxes Shrugged
  • to inform or to intimidate?
  • Turning Point
  • power to appoint
  • Tagg Romney
  • Gregory to Address North Central Ohio Tea Party
  • Fed Video
  • Under Seige
  • moral compass
  • Vote values
  • Freedom
  • Chris Long
  • Chillicothe
  • $59.99
    • Fed Forum Photos
  • Together
  • die is cast
  • Labor Day
  • Destiny of America
  • Foreign Policy
  • Romney Win?
  • McEwen
  • OBRA
  • WCIT
  • We will succeed
  • Repeal
  • Johnson
  • Mandel v Brown
  • 501c3
  • Nuclear
  • Rampage
  • Threats
  • Issues
  • GSK
  • Obamacare
  • Mexico
  • Article I
  • Article II
  • Article III
  • McEwen
  • Mack OBRA
  • Directive
    • Casey Pitzer Presumed Dead
  • Brinkmanship
  • 4th
  • Romney v Obama
  • Mansfield
  • Cycle
  • Condoleezza's watch
  • WCHO 22nd
  • WCIT 10th May
  • Addiction
  • JP Morgan
  • Danger
  • palimpsest
  • WCIT 26th
  • National Day of Prayer
  • Reagan
  • Gas
  • Memorial Day
  • Agenda 21
  • Civics
  • MOVE Act
  • Mandel
  • B R I C S
  • Bio
  • Israel
    • Iran
  • Dr Pryce
  • Fair Tax
  • Probable Cause
    • Silent Lions
  • 85th
  • 1600
  • Huckabee
  • Unnecessary
  • Evidence
  • Ties that Bind
  • Line Item Veto
  • Articles*
    • Sarajevo / Rwanda
    • Violence
    • Baby Safety
    • Cartel Guns
    • 'No Care'
    • Nigeria
    • MLK
    • GCRWC
    • EPA
    • Biden
    • Cave-in
    • DeWine
    • Open Letter
    • Justice
  • Oxford
  • Canton
  • 51 ~ 49
  • Promise
  • Libya
  • I Stand for Justice
  • Commodities
  • Gregory
  • Donate
  • Obama Set The Price
  • Franklin
  • Choice
    • Choice 2
  • Hillsboro Interview
  • Platform
  • Donate
  • Fluid Diplomacy
  • City Club
  • McCain and Palin are failing
  • Santorum
    • Wilmington
    • Cain
  • OBRA
    • Wilmington
    • Cleveland
    • Mercer
  • In the News
  • Principles
  • Clinton LDD
    • Clinton Co. Tea Party
  • Fox 45
  • LWV
  • America Wins Nobel Peace Prize
  • Candidate Night
    • Knox County
    • Lebanon Tea Party
  • 51 ~ 49
  • Historic
    • Evernolia
  • Basic
  • 51 ~ 49
  • voted for you
  • Multi Media
    • Videos >
      • Spectrum
      • NBC
      • WHIZ-TV
      • WMFD-TV(Fracking issue) >
        • Tele-Town Hall
        • Mansfield Tea-Party
      • Speech
      • Butch Peelle
      • Gregory channel 2 interview about DHL
      • Resign
    • Radio >
      • WWSU
      • 700WLW
      • WCIT
      • WCIT >
        • WCIT
        • WCIT
      • WAKR
      • WCSM >
        • WCSM
      • WHBC
      • WBEX
    • Newspaper interviews >
      • BAE Article
      • News
      • Chillicothe >
        • Debate
        • Dallas
        • AP
        • Wright State
        • Clinton Co.
  • Recent Photos*
    • Photos >
      • Niederman Farm
      • Mansfield Tea Party
      • Seneca
      • Vinton
      • Butler >
        • Butler
      • Shelby
      • Jackson
      • Fayette
      • Carroll
      • Clark
      • Logan
      • Fulton
      • Richland
      • Gallia
      • Mansfield
    • OU Chillicothe
    • Bellville Townhall
    • Clinton Picnic
    • Wood Co Sheriff's Luncheon
    • Warren GOP Women's Club >
      • Warren Rep Club
    • Brown County
    • Guernsey County Fair >
      • Guernsey Republican Club
    • Wyandot County Fair
    • Aleppo, Powers and Kerry fail again
    • Hocking County Fair
    • Hardin County Fair
    • Warren County Fair >
      • Warren County Picnic
      • Chairman Fornshell's Up-dates
    • Warren
    • Highland County Fair
    • Noble County Fair
    • Allen County Fair
    • Darke County Fair
    • Delaware County Fair
    • Meigs County Fair
    • Muskingum County Fair
    • Richland County Fair
    • Richland Co. Rep. Picnic
    • Greene Co. Republican Picnic
    • Mercer County Fair
    • Scioto County Fair
    • Miami County Fair
    • Hamilton County Fair
    • Athens County Fair
    • Ross County Fair
    • Champaign County Fair
    • Medina County Fair
    • Wood County Fair
    • Greene County Fair
    • Auglaize County Fair
  • Videos
    • Celina
  • Middletown
    • Trumbull Co. YRC
    • Stark Co. Tea Party
    • Preble/Clinton Co.
  • Seasons Greetings
  • Mahoning Co. YRC
  • Downgrade
  • AYL at OSU
  • Medal of Honor
  • Ads
  • Justin Pizzulli
  • Helping local Republicans
    • Warren Victory Center >
      • Ohioans for HEALTHCARE FREEDOM
  • Articles
    • Vote
    • 11 September
    • Debit Card
    • Texas in Flames
    • Amsterdam
    • Arms Race
    • Apparel
    • Egypt >
      • Egypt 2
    • Bucyrus
    • Ohio
    • Ethanol
    • Dollar
    • Agenda
    • Bank?
    • China
    • 3 July
    • E Coli
    • Solar
    • $6 Trillion
    • Green Beret
    • Jefferson and Adams
    • Justice
    • 4th
    • Ohio-bred
    • New Office
    • 51 ~ 49
    • Libya
    • Fening
    • Metaphor
    • 40 to 35
    • Air Park?
    • Gulf Oil
    • Abe
    • Palin
    • Tucson
    • Housing for Haiti
    • Five more years of pain
    • Palin on Haiti
    • ' ... an innocent man'
    • Everyday Expect a Miracle
    • DHL returning to Wilmington?
    • Oil in the Gulf
    • the demise of General McChrystal
    • ... and to the republic
    • BP and the Precautionary Principle
    • Making Sense of Fort Hood
    • Air Quality
  • Contact
  • Blog
  • T Party
  • Israel
  • College Republicans
  • Policy
  • Headquarters
  • Press Release
  • Lima News Editorial
  • Radio Interviews
  • Today's events
  • Home
  • Casa
  • un tambor diferente
  • The Debates
  • 940WCIT (interview)
  • Un largo crepúsculo Lucha
    • ... a wider regional conflict
  • The Oxford Years
  • New Page
  • New Page
  • Defense
  • The Secret Hold
    • Blair
  • Platform
  • Flags
  • New Page
  • Harrison Ox Roast
  • Clinton County GOP Fall Picnic
  • Washington County Fall Dinner
  • Obama No Care
  • ABC Toledo
  • HB 347 & NDAA
  • WCIT 16 March
  • 940 WCIT
  • WCIT 16 March
  • the grapes of wrath
  • H1N1 Fluenza
  • Gregory
  • Mansfield Tea Party
  • Tantamount to Treason
  • Checkers
    • Shenanigans >
      • Cancer?
  • Yard Sign
  • Endorsement
  • Income Online
  • BizOpp
  • Work From Home
  • Ohio GOP Candidate
  • The facts
  • Smart voter
  • Romney
  • WCIT 7th June
  • Richmond Kentucky
  • MKL 4th speech
  • Kennedy
  • Elections Matter
  • Trans Dip
  • Netanyahu
    • Septembr 8th
  • Bain
  • Richmond Kentucky
  • The Debates
  • 60 Electorial votes
  • 332 - 206
  • The Penultimate Word
  • Trump Rescinds DACA
  • False
  • WCIT - Sharon Kennedy
  • Rethinkin Syria
  • FREE Content Makes a Lot of Money
  • Untitled
  • America is about business
  • Untitled
  • Concord Project Dance
  • NWT Banner
  • Prosecutorial Bias is the Responsibility of the Court
  • Oxfam, IRC and other NPR Darlings
  • Top Nine Articles for March 2015
  • The Ultimate Vanishing Act
  • Where is Alma Del Real?
  • Where is Alma Del Real?
  • Alma Del Real
  • 11 September
  • 9/11 + 14
  • A Measure of Philanthropic Success
  • Tantamount to Treason
  • Open Letter
  • South Carolina
  • Double Crossed by Double Standards
  • official book website
  • Letter to Obama on Syria
  • Remembrance Day 2015
  • Trudeau victory portends
  • Justin Trudeau, Tony Blair & Marijuana
  • Blair Speech to Congress 2003
  • Justin Trudeau, Tony Blair & Marijuana
  • Trump, Harper, Ambrose & Ryan
  • Gifts @ Amazon
  • Saudi Arabia vs Iran
  • Gregory Trudeau
  • wake up, America
  • The Islamic World ... the basics
  • 2020 Presidential Candidate Releases Book
  • Mississauga house explosion
  • Reset: Driving Black in America
  • Cruz and Sanders
  • Trump v Clinton - Elections Matter
  • 2nd Clinton v Trump debate
  • Yeni Sayfa
  • Yeni Sayfa
  • Yeni Sayfa
  • Giuliani, shut up, stop name calling & prepare to govern
  • Trump means Canada has to step up
  • Open letter to President-elect Donald Trump
  • Stop the Madness in Aleppo & Mosul
  • Unpresidented
  • Crimes Against Humanity
  • Drain The Swamp
  • Trump Inaugural Address & analysis
  • Trump & the CIA, the high priest of false security
  • The Hour of Maximum Danger
  • Quebec, Queens U, Charleston & Trump
  • Tweaked
  • First War, First Casualty
  • Untitled
  • Paul Ryan, Steve King, Trumpcare & Babies
  • The Designated Survivor
  • AHA result of Mean SOBs
  • Harvey wreaks havoc
  • New Page


B R I C S
Brazil,  Russia, India, China and South Africa - exerting their economic and political influence 
Eric LaMont Gregory

Picture
The leaders of Brazil,  Russia, India, China and South Africa meet in New Delhi


The New Delhi Summit comes at a time when the leaders of Brazil, Russia, India, China and South Africa are seeking a bigger say in running the International Monetary Fund and other multilateral bodies to match their rising collective economic fortunes.

BRICS nations, Brazil, Russia, India, China and South Africa represent nearly half the world’s population.

The economic might of these five countries is evidenced by the fact that they now hold over $4 trillion in foreign
currency reserves.  And, their increased economic cooperation is clearly going to allow these countries to grow at a continued rapid pace.

Projections by the IMF indicate a 2012 economic growth rate in Brazil of 3%; 3.3% in Russia; 7% in India; 8.2% in China; and 2.5% in South Africa.   Whereas, the 17-nation Euro zone will shrink by 0.5%, and US growth this year will be around 1.8%. 

Intra-BRICS trading in local currencies will effect the US dollar as well as the Euro's value as reserve currencies, while increasing the role of China’s, Brazil’s, India’s and the Russian currency relative to the US dollar and the Euro.

Trade between the BRICS nations is already substantial, brisk and growing.  Brazil, for example, favours France’s Rafale fighter jet as the new aircraft for its military — a deal worth $4 billion.  India has already placed an order to buy 126 of the Rafale fighter warplanes.  France plays a significant and growing role in military trade and technology transfer matters with Brazil and with India.  

The US is not without its influence in these affairs, and any conflict between India and Pakistan would strain India's now rather good relations with Washington.   Brazil's overt support for Cuba and Venezuela could at some point create similar problems between the Brazilian government and American administration. 

These issues aside it is noteworthy that India and Brazil are in the early stages of negotiating a military accord, since these two countries complement one another in their industrial sectors.

Not only is Brazil in the process of modernizing its fighter jet fleet, but it is also seeking to obtain a transfer of  software technology for the nuclear submarine that it is planning to build in partnership with France.

India recently rejoined the nuclear submarine operators’ club when Russian manufacturers handed over to
an Indian crew the Nerpa, in Russia’s Far East. 

Although major differences remain between its members, nonetheless the BRICS leaders articulated views  concerning current international issues which they described as 'more non-West, than anti-West.' 

This statement is clearly indicative of a desire on the part of BRICS leaders to exert their own viewpoint and wishes in international affairs.  They suggest that the days of being either with or against the West are gone, and that they can and will exert their influence in an emerging multilateral reality world in which they intend collectively to play a significant role.
 
While their statements lack detail concerning current international tensions the importance of their views lies in the fact that the five emerging nation's leaders sat across a table and agreed on several key points.
 
Indian Prime Minister  Manmohan Singh, for example, stated that, "The world is passing through uncertain times. The rapid recovery of the BRICS economies from the financial crisis highlighted their (BRICS) role as growth drivers of the global economy.  Our cooperation is intended to explore meaningful partnerships for common development, address global challenges together and contribute to furthering world peace, stability and
security."

In its Delhi Declaration, BRICS members opposed violence as a way of resolving political crises in other countries. "Global interests would best be served by dealing with the crisis through peaceful means that encourage broad national dialogues..."  In relation to Syria, BRICS supports the Arab League and special envoy Kofi Annan's peace initiatives.

On Iran, they observed, "We recognize Iran's right to peaceful uses of nuclear energy consistent with its international obligations, and support resolution of the issues involved through political and diplomatic means
and dialogue between the parties concerned, including between the IAEA and Iran."

As to Afghanistan, The BRICS statement suggests that Afghanistan needs, "time, development assistance and cooperation, preferential access to world markets, foreign investment and a clear end-state strategy." 

The BRICS communique criticized Israel for its settlement policy, but at the same time expressed the need for direct negotiations between Israel and the Palestinians. 

The underlying theme of the final communique of the New Delhi Summit was to repudiate the western developed countries' approach to a range of current contentious issues.
 
The differences that exist between BRICS members, however, cannot be overstated.  There is the ongoing conflict on economic policy between India and China.

The Russian Federation has its focus on international politics, especially in regards to Iran and Syria and garnered support at the Summit for the Russian viewpoint. 

India and Brazil fought for their shared desire to reform the UN Security Council, which China opposes, although Russia supports it.
 
These issues only tend to mask the major purpose of the BRICS New Delhi Summit, which was to advance two collectively shared goals.  On the one hand, to publicly criticize developed nations' handling of the economy and debt crisis in the United States and Europe, and one of its owns members China for manipulating its currency. 

And on the other hand, the main purpose of the Summit was to take another small but definitive step towards legitimizing the use of the Chinese currency overseas.  And, although the idea of a BRICS development bank was post-phoned the BRICS leaders acknowledged that such a Bank would essentially be a Chinese bank, because none of the other countries have the financial depth to support such an institution.

While India sees the need for the global financial 'architecture' to change, it wants the pace of that change to be metered.  South Africa supports the use of the Chinese currency in global markets, while Brazil must find a way to participate in an expanded Chinese international currency and fund the Latin American development bank at the same time.

All in all, the implications of these developments
vis-à-vis the control that the FED and the Central Banks of Europe now exert over the world economy and monetary policy are of epic proportions.
 
✕