Republican Prez is a bullshitter in a China shop

Toward Proletarian International Global Governance : Build an Integrated World Market ~



The BRICS should leverage its close ties with emerging markets and the Global South to safeguard supply chains and build a large integrated market, Chinese President Xi Jinping said on Sunday as he proposed a five-point initiative to boost cooperation in manufacturing, trade and technology.<


In his address at the concluding session of the BRICS Summit, Xi said the Global South should jointly "defend" the rule of law in international affairs, safeguard the basic norms of global relations including sovereign equality, non-interference in internal affairs, and work towards peaceful settlement of disputes" in line with international law.


The annual summit of BRICS—a grouping of 11 major emerging economies representing around 49.5 per cent of the global population and 40 per cent of global GDP-concluded with all leading member nations calling for a better global governance and trading architecture to navigate current challenges. Know more: https://wwu

I am respectfully asking - James Talarico Can you please make a contribution to our campaign before we make important budget decisions about this race soon? → i.jamestalarico.com/cPoXF9aA The truth is, I do not like all of the fundraising that goes into running for the U.S. Senate. We have to ask more than I would like. But the reality is, these donations are critical to funding this campaign. And in a state as large and expensive as Texas and in a race as close as ours, that means we do have to ask ... and ask a lot. Especially of people who care about the outcome of this race. We're getting down to crunch time here, so this is where I really need people who want to see us win to dig deep and give what they can. Any donation amount makes a difference: i.jamestalarico.com/cPoXF9aA Thank you - James Stop2End

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https://youtu.be/8pMCRRBAtFQ?si=ZUw-JQMscJoeQUx6

Xi Jinping quoted extensively , favorably by American alternative youtube journalist MeidasTouch host Ben Meiselas ; reports on Chinese President Xi Jinping making his moves at BRICS. <



https://youtu.be/XnF3SpIahCQ?si=eRXw79ZvXBGi-Zzq

Wage-Labour International Unity vs Late Imperialism <



BRICS grows stronger: US threats unify China, India, Russia, as they challenge dollar system <



Trump's attacks on BRICS have backfired, forcing China, India, and Russia closer together. The Global South-led organization held a summit in New Delhi, where leaders discussed plans to challenge the US dollar system, by connecting new payment systems using local currencies. Ben Norton explains. Trump's attacks on BRICS have backfired, forcing China, India, and Russia closer together. The Global South-led organization held a summit in New Delhi, where leaders discussed plans to challenge the US dollar system, by connecting new payment systems using local currencies. Ben Norton explains. Topics 0:00 Rise of BRICS 1:04 BRICS summit in New Delhi 2:52 China and India improve relations 5:10 Shanghai Cooperation Organization (SCO) 7:28 BRICS challenges US dollar system 9:32 Local currency payment systems 14:13 Debates about replacing US dollar 16:19 Central banks stockpile gold 17:43 Gold overtakes US Treasuries in reserves 18:40 Trump threatens BRICS 19:10 Trump's aggression against India 20:29 US strategy to recruit India against China 23:28 Modi, BJP, and Congress 25:41 US attacks on BRICS backfire 27:18 India-Russia relations 29:40 BRICS+: 10 members and 10 partners 30:28 BRICS: 56% of world population 30:51 BRICS: 44% of global GDP 31:56 BRICS overtakes G7 in economy 33:21 Indonesia's PM Prabowo 33:55 Ethiopia's PM Abiy Ahmed 34:35 Vietnam participates in BRICS summit https:// GeopoliticalEc... Subscribe to our newsletter: https:// GeopoliticalEc... Join our community on Patreon: •/geopoliticalasanemy 23:28 Modi, BJP, and Congress 25:41 US attacks on BRICS backfire 27:18 India-Russia relations 29:40 BRICS+: 10 members and 10 partners 30:28 BRICS: 56% of world population 30:51 BRICS: 44% of global GDP 31:56 BRICS overtakes G7 in economy 33:21 Indonesia's PM Prabowo 33:55 Ethiopia's PM Abiy Ahmed 34:35 Vietnam participates in BRICS summit 35:52 Malaysia's PM Anwar supports Iran 37:20 India balances between Iran and Israel 38:27 Internal conflict: UAE attacks Iran 39:43 BRICS agrees to joint statement 40:46 Reform of UN Security Council 42:32 US unilateralism strengthens BRICS <




https://youtu.be/feQmxuMB2xw?si=549wkFbA21hmZfRN

The system of public credit, i.e., of national debts, whose origin we discover in Genoa and Venice as early as the Middle Ages, took possession of Europe generally during the manufacturing period. The colonial system with its maritime trade and commercial wars served as a forcing-house for it. Thus it first took root in Holland. National debts, i.e., the alienation of the state – whether despotic, constitutional or republican – marked with its stamp the capitalistic era. The only part of the so-called national wealth that actually enters into the collective possessions of modern peoples is their national debt. [7] Hence, as a necessary consequence, the modern doctrine that a nation becomes the richer the more deeply it is in debt. Public credit becomes the credo of capital. And with the rise of national debt-making, want of faith in the national debt takes the place of the blasphemy against the Holy Ghost, which may not be forgiven. The public debt becomes one of the most powerful levers of primitive accumulation. As with the stroke of an enchanter’s wand, it endows barren money with the power of breeding and thus turns it into capital, without the necessity of its exposing itself to the troubles and risks inseparable from its employment in industry or even in usury. The state creditors actually give nothing away, for the sum lent is transformed into public bonds, easily negotiable, which go on functioning in their hands just as so much hard cash would. But further, apart from the class of lazy annuitants thus created, and from the improvised wealth of the financiers, middlemen between the government and the nation – as also apart from the tax-farmers, merchants, private manufacturers, to whom a good part of every national loan renders the service of a capital fallen from heaven – the national debt has given rise to joint-stock companies, to dealings in negotiable effects of all kinds, and to agiotage, in a word to stock-exchange gambling and the modern bankocracy. At their birth the great banks, decorated with national titles, were only associations of private speculators, who placed themselves by the side of governments, and, thanks to the privileges they received, were in a position to advance money to the State. Hence the accumulation of the national debt has no more infallible measure than the successive rise in the stock of these banks, whose full development dates from the founding of the Bank of England in 1694. The Bank of England began with lending its money to the Government at 8%; at the same time it was empowered by Parliament to coin money out of the same capital, by lending it again to the public in the form of banknotes. It was allowed to use these notes for discounting bills, making advances on commodities, and for buying the precious metals. It was not long ere this credit-money, made by the bank itself, became. The coin in which the Bank of England made its loans to the State, and paid, on account of the State, the interest on the public debt. It was not enough that the bank gave with one hand and took back more with the other; it remained, even whilst receiving, the eternal creditor of the nation down to the last shilling advanced. Gradually it became inevitably the receptacle of the metallic hoard of the country, and the centre of gravity of all commercial credit. What effect was produced on their contemporaries by the sudden uprising of this brood of bankocrats, financiers, rentiers, brokers, stock-jobbers, &c., is proved by the writings of that time, e.g., by Bolingbroke’s. [8] With the national debt arose an international credit system, which often conceals one of the sources of primitive accumulation in this or that people. Thus the villainies of the Venetian thieving system formed one of the secret bases of the capital-wealth of Holland to whom Venice in her decadence lent large sums of money. So also was it with Holland and England. By the beginning of the 18th century the Dutch manufactures were far outstripped. Holland had ceased to be the nation preponderant in commerce and industry. One of its main lines of business, therefore, from 1701-1776, is the lending out of enormous amounts of capital, especially to its great rival England. The same thing is going on today between England and the United States. A great deal of capital, which appears today in the United States without any certificate of birth, was yesterday, in England, the capitalised blood of children. As the national debt finds its support in the public revenue, which must cover the yearly payments for interest, &c., the modern system of taxation was the necessary complement of the system of national loans. The loans enable the government to meet extraordinary expenses, without the tax-payers feeling it immediately, but they necessitate, as a consequence, increased taxes. On the other hand, the raising of taxation caused by the accumulation of debts contracted one after another, compels the government always to have recourse to new loans for new extraordinary expenses. Modern fiscality, whose pivot is formed by taxes on the most necessary means of subsistence (thereby increasing their price), thus contains within itself the germ of automatic progression. Overtaxation is not an incident, but rather a principle. In Holland, therefore, where this system was first inaugurated, the great patriot, DeWitt, has in his “Maxims” extolled it as the best system for making the wage labourer submissive, frugal, industrious, and overburdened with labour. The destructive influence that it exercises on the condition of the wage labourer concerns us less however, here, than the forcible expropriation, resulting from it, of peasants, artisans, and in a word, all elements of the lower middle class. On this there are not two opinions, even among the bourgeois economists. Its expropriating efficacy is still further heightened by the system of protection, which forms one of its integral parts. The great part that the public debt, and the fiscal system corresponding with it, has played in the capitalisation of wealth and the expropriation of the masses, has led many writers, like Cobbett, Doubleday and others, to seek in this, incorrectly, the fundamental cause of the misery of the modern peoples. The system of protection was an artificial means of manufacturing manufacturers, of expropriating independent labourers, of capitalising the national means of production and subsistence, of forcibly abbreviating the transition from the medieval to the modern mode of production. The European states tore one another to pieces about the patent of this invention, and, once entered into the service of the surplus-value makers, did not merely lay under contribution in the pursuit of this purpose their own people, indirectly through protective duties, directly through export premiums. They also forcibly rooted out, in their dependent countries, all industry, as, e.g., England did. with the Irish woollen manufacture. On the continent of Europe, after Colbert’s example, the process was much simplified. The primitive industrial capital, here, came in part directly out of the state treasury. “Why,” cries Mirabeau, “why go so far to seek the cause of the manufacturing glory of Saxony before the war? 180,000,000 of debts contracted by the sovereigns!” [9] Colonial system, public debts, heavy taxes, protection, commercial wars, &c., these children of the true manufacturing period, increase gigantically during the infancy of Modem Industry. The birth of the latter is heralded by a great slaughter of the innocents. Like the royal navy, the factories were recruited by means of the press-gang. Blasé as Sir F. M. Eden is as to the horrors of the expropriation of the agricultural population from the soil, from the last third of the 15th century to his own time; with all the self-satisfaction with which he rejoices in this process, “essential” for establishing capitalistic agriculture and “the due proportion between arable and pasture land” — he does not show, however, the same economic insight in respect to the necessity of child-stealing and child-slavery for the transformation of manufacturing exploitation into factory exploitation, and the establishment of the “true relation” between capital and labour-power. He says:~



https://www.marxists.org/archive/marx/works/1867-c1/ch31.htm