This BRICS Treaty was mentioned in a Jim Willie interview recently, and as I hadn't heard of it, I thought I'd look it up. Here is an explanation of it:
http://brics6.itamaraty.gov.br/media2/press-releases/220-treaty-for-the-establishment-of-a-brics-contingent-reserve-arrangement-fortaleza-july-15
Jim and I still disagree on whether there are two global parties, fighting each other out, or one party which is playing both sides (he thinks the former, I think the latter) but either way, the New World we are moving into doesn't seem to be taking into account the planet - it just seems more of the same. For this reason I am not hopeful at all that the New Team (whoever they may be) will be benign, benevolent or big-hearted. I see repression, austerity, financial enslavement, and worse...
Here is JW's recent interview:
https://www.youtube.com/watch?v=ynAAXzs3PUY
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