<html><body><div style="color:#000; background-color:#fff; font-family:garamond, new york, times, serif;font-size:16px"> <font id="yui_3_16_0_1_1436574338129_2270" face="Times New Roman">
</font><div id="yui_3_16_0_1_1436574338129_2271" style="margin: 0in 0in 8pt;"><font id="yui_3_16_0_1_1436574338129_2272" face="Calibri">Whitney: Let’s cut to the chase: Leaders of the BRICS
(Brazil, Russia, India, China and South Africa) realize that global security
cannot be entrusted to a country that sees war as an acceptable means for
achieving its geopolitical objectives. They also realize that they won’t
be able to achieve financial stability as long as Washington dictates the
rules, issues the de facto “international” currency, and controls the main
levers of global financial power. This is why the BRICS have decided to chart a
different course, to gradually break free from the existing Bretton Woods
system, and to create parallel system that better serves their own interests.
Logically, they have focused on the foundation blocks which support the current
US-led system, that is, the institutions from which the United States derives
its extraordinary power; the dollar, the US Treasury market, and the IMF.
Replace these, the thinking goes, and the indispensable nation becomes just
another country struggling to get by. </font></div><font id="yui_3_16_0_1_1436574338129_2273" face="Times New Roman">
</font><div id="yui_3_16_0_1_1436574338129_2274" style="margin: 0in 0in 8pt;"><a id="yui_3_16_0_1_1436574338129_2275" href="http://www.counterpunch.org/2015/07/10/putin-leads-brics-uprising/"><font id="yui_3_16_0_1_1436574338129_2276" color="#0563c1" face="Calibri">http://www.counterpunch.org/2015/07/10/putin-leads-brics-uprising/</font></a></div><font id="yui_3_16_0_1_1436574338129_2277" face="Times New Roman">
</font><div id="yui_3_16_0_1_1436574338129_2278" style="margin: 0in 0in 8pt;"><span id="yui_3_16_0_1_1436574338129_2279" style="color: rgb(51, 51, 51); line-height: 107%; font-size: 10.5pt;"><font id="yui_3_16_0_1_1436574338129_2280" face="Calibri">Bond:
The BRICS banks will thus ‘complement’ the Bretton Woods Institutions, thanks
to a </font><a id="yui_3_16_0_1_1436574338129_2281" href="http://www.telesurtv.net/english/opinion/In-Fortaleza-BRICS-Became-Co-Dependent-Upon-Eco-Financial-Imperialism-20140801-0033.html" target="_blank"><font id="yui_3_16_0_1_1436574338129_2282" color="#0563c1" face="Calibri">self-mandate</font></a><font id="yui_3_16_0_1_1436574338129_2283" face="Calibri"> dating to early 2014. As Brazil’s
neoliberal finance ministry </font><a id="yui_3_16_0_1_1436574338129_2284" href="http://europe.chinadaily.com.cn/business/2015-07/03/content_21169835.htm" target="_blank"><font id="yui_3_16_0_1_1436574338129_2285" color="#0563c1" face="Calibri">reminded</font></a><font id="yui_3_16_0_1_1436574338129_2286" face="Calibri"> last week, the CRA “will contribute to
promoting international financial stability, as it will complement the current
global network of financial protection. It will also reinforce the world’s
economic and financial agents’ trust.”</font></span></div><font id="yui_3_16_0_1_1436574338129_2287" face="Times New Roman">
</font><div id="yui_3_16_0_1_1436574338129_2288" style="margin: 0in 0in 8pt;" dir="ltr"><a id="yui_3_16_0_1_1436574338129_2289" href="https://zcomm.org/zcommentary/is-brics-a-true-alternative/"><font id="yui_3_16_0_1_1436574338129_2290" color="#0563c1" face="Calibri">https://zcomm.org/zcommentary/is-brics-a-true-alternative/</font></a></div><font id="yui_3_16_0_1_1436574338129_2291" face="Times New Roman">
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