Argentina wants to join BRICS - President Fernandez -- Puppet Masters -- Sott.net

Argentina wants the BRICS emerging economies to admit it as a full member, President Alberto Fernandez said on Friday at the group's 14th summit.

"Argentina wants to join this space and offer its contributions as a member of it," Fernandez said via video link.

The BRICS nations, comprising Brazil, Russia, India, China and South Africa, account for over 40 percent of the global population and nearly a quarter of the world's gross domestic product.

The 14th BRICS summit was hosted by China, which currently holds the rotating presidency.

The Argentinian head of state said the group "constitutes a platform with enormous capacities to discuss and implement an agenda for the future that will lead to a better and fairer time."

Fernandez added that "the institutional and economic weight of the BRICS can become a factor of financial stability" and the expansion of the bloc's "New Development Bank can be a useful instrument to strengthen national infrastructures."

"It is time to explore cooperation mechanisms, such as the currency swap that Argentina signed with China," he said, calling for the creation of an International Risk Rating Agency that could "put in public hands what today is in the hands of private interests."

Earlier this week, Russian President Vladimir Putin said the BRICS countries are working on setting up a new global reserve currency, based on a currency basket of the five nations. Putin also said banks from BRICS economies can freely connect to the System for Transfer of Financial Messages (SPFS), Russia's alternative to SWIFT.

Reader Comments

Buffalo_Ken · 2022-06-26T01:49:32Z

If Argentina wants in, then why not. The more the merrier although if you look at population numbers China and India sort of have more weight in that regard, but it don't matter, why not let Argentina get hooked up in the better systems? Why not. In fact, maybe Guyana want to join as well as Suriname and if that happens I suspect one unfriendly, French Guyana, might change sides. Good. The more the merrier.

Suspect · 2022-06-26T03:10:51Z

BRICS is surely looking better and better to many countries.

Buffalo_Ken · 2022-06-26T03:15:19Z

Suspect - well it seems to make more sense and I suspect if it lives up to its goals it will be more inclusive and friendly and supportive of member states.

I've already declared my ancillary membership, but I understand that is not the same thing as being a full member.

And of course, right.....need to say this I reckon....don't mean all smooth water ahead - it is going to be turbulent because, to put it frankly, WAR is WAR....a mental war is no different than a physical one nowadays and it is becoming evident for those of us paying attention who is winning the mental war and how ironic it is that all it takes to win this war is to be truthful.

ПКостов · 2022-06-26T07:42:52Z

Argentina and other countries will need gold an silver to boost their stake in the new monetary system.

Joyly · 2022-06-26T09:46:55Z

Showing the path of cooperation yo a better future. BRICS could make the west irrelevant. Way to go.

Avel T · 2022-06-26T10:59:47Z

Abby Martin’s Speech on US Sanctions & Economic Gangsterism [Link]

Demore · 2022-06-26T13:14:20Z

Avel T She tells it as it is. Not to be seen on any MSM.

Joey Tavares · 2022-06-28T06:39:52Z

Heck, I want to join BRICS.

Isn't it all the same game, though?

Fiat is fiat is fiat is fiat...

Buffalo_Ken · 2022-06-29T11:35:51Z

Joey Tavares - BRICS entities seem to be advocating more of a commodity-backed currency versus straight up fiat based on nothing but good faith. As I've typed in the past and it only is occurring more exponentially presently - good faith is rapidly diminishing.

It is going to be a "whirlwind of excitement" over the next few months I reckon - hurricanes, calamities, "accidents", injuries, suffering, harm, and pain one after another. Hold onto your hat if you got one and in the end the best ideas will prevail.

2023 is gonna be even better than 2022 when the halfwit, dimwit, uninwit, undesired, pschyos get pushback they never expected - I'm sure they will be contrite at the end, but the hangman calls and the gallows are being setup as I type this!

Peace Joey - I think I know what side you are on.

Ken

Joyly · 2022-06-29T14:04:23Z

Joey Tavares The BRICS currency will be gold backed. All those countries have gold. Rumour has it that it will be the digital gold backed Yuan. As other countries jump ship (and they will) the US$ will tank over night as it is dumped globally. This will be something we have never seen before. And they have brought it on themselves. My money is on BRICS.

Buffalo_Ken · 2022-06-29T14:21:11Z

Joyly - it is more than just gold backing the currency if what I read by the Russian genius is accurate. I think the terminology used was a "basket of commodities".

Main point though is that is better than fiat based solely on good faith because good faith in fiat is already in terminal velocity towards the black well....I mean hole.

Joyly · 2022-06-29T14:32:29Z

Buffalo_Ken [Link]
This is an excellent summary of all the factors involved which will see the US $ disappear overnight.

Buffalo_Ken ·

Joyly - thanks.

· 2022-06-29T16:04:32Z

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Argentina wants to join BRICS - President Fernandez

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