BRICs and Mortar

According to the Times Brazil, Russia, India, and China (BRIC) have just formed an alliance that is based on economical and political policies that will be used to take away total power in the world system from the United States.

The article explains that;

...The first summit of heads of state of the BRIC countries — Brazil, Russia, India and China — ended with a declaration calling for a “multipolar world order”, diplomatic code for a rejection of America’s position as the sole global superpower...

...The declaration also satisfied a key Kremlin demand by calling for a “more diversified international monetary system”. President Medvedev is seeking to break the dominance of the US dollar in financial markets as the world’s leading reserve currency. He favours the establishment of more regional reserve currencies, including the Russian rouble and the Chinese yuan, to prevent economic shocks. Mr Medvedev said: “The existing set of reserve currencies, including the US dollar, have failed to perform their functions."...

Extraordinary, but extremely hard to accomplish, and a little unrealistic. For starters China has billions of US dollars owed to them which they are using as securities for their own currency. The value of the Yuan would plunge with the decline of the value of the dollar.

Brazil is regionally challenged due to it's geographic relativity to the US as well as having the majority of it's neighbours and trading partners being so tied in to the US economy. Plus, where is all that surplus coffee they started making going to go?

Russia is a mess in their "democracy," the Ruble is worth next to nothing, the leadership and high profile businessmen over there consist of mostly ex-KGB warlords and higher-ups from the old guard. This move for them is more about world status than actual effects.

And India is a country whose educated workforce (think phone banks, IT Tech support, debt collection calls) and uneducated workforce (think tea and rice production, clothing and apparel, and now Range Rover) is so tied in to the US/UK economic system that it would be murderous for them to try and change that balance.

Let's not even start talking about Russia's idea of "regional reserve currencies" either...did all of these world leaders forget to bring a map with them to this conference? Hint, and I'll be nice and whisper it, Russia, India, and China are right fucking next to each other, wonder if that could cause a dispute?!

I'm not too sure that I want to go into this too much more as it's all a bit over the top, and I really don't see it hashing out into anything productive. If anything it will increase trade relations between these countries, but as for political and economic dominance it will do very little, and if it does start to make an impact you'll be sure to see either trade barriers/tariffs against these countries rise, and/or a further closening between the US, EU, and British Commonwealth (with or without India on board). I wonder what Orwell would have made of that?!