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BRICS and their limitations
David Goldman writes that while BRICS nations have discussed alternative currency-based settlement systems, financing long-term trade deficits outside the US dollar system, which has historically dominated international credit and trade financing, remains a critical issue.
Gold hedges against US dependency on foreign financing
David Goldman explains that gold is increasingly seen as a hedge against US dependency on foreign financing, especially after the US froze $300 billion in Russian reserves, which prompted central banks and private entities to diversify away from dollar reserves.
Germany’s geopolitical path being quietly redrawn
Diego Faßnacht reports that coalition negotiations in East Germany are reshaping Germany’s political landscape, challenging its steadfast NATO alignment and support for Ukraine and raising questions about the country’s future foreign policy direction.
Putin hosts Global South at Kazan BRICS Summit
James Davis highlights the recent BRICS summit in Kazan as a pivotal global event, with leaders from over 40 Global South countries and UN Secretary-General António Guterres in attendance, illustrating the failure of G-7 countries to isolate Russia’s President Vladimir Putin.
Unimagined consequences on the Korean Peninsula
Scott Foster explores the heightened tension on the Korean peninsula as a new political alignment emerges with North Korea intensifying its stance against the South and openly supporting Russia’s war effort with soldiers and weaponry in exchange for essentials like food and oil.