BRICS: A Sanctuary of the Future and Roadmap for a New World Order

By Mohammed Khaku, New Age Islam 06 November, 2024 BRICS Has Emerged As An Important Voice Of The Global South. A Pragmatic Roadmap for a New World Order! The 16th BRICS summit in Russia's capital, Kazan, sent shockwaves through European capitals. BRICS has punctured the global financial and political institutions, traditionally seen as Zionist colonial by reshaping the global order through de-dollarization. The Russian presidency of BRICS in 2024 made a significant choice in selecting the multicultural southwestern city of Kazan. Located on the banks of the Volga and Kazanka rivers, Kazan is the capital of the semi-autonomous Republic of Tatarstan, celebrated for its dynamic blend of Tatar and Russian cultures. Introduction: On August 15, 1971, President Richard Nixon announced the cessation of the dollar's conversion to gold, an event known colloquially as the "Nixon Shock," citing the nation's high debt as the reason. This proclamation marked the first stage of failure for the Bretton Woods system. Its collapse ushered in a period of financial instability and uncertainty due to the uncontrolled printing of US dollars, which financed proxy wars, the creation of over eight hundred military bases globally, regime changes, billions of dollars to Zionist Israel, and ballooned Pentagon budget. The Bretton Woods Agreement, signed in June 1944 by representatives from 44 countries, led to the creation of the World Bank and the IMF, and established the gold standard. Its primary goal was Kosher to boost global trade. However, it has been suggested that it also had an ulterior motive of promoting Zionism and exploiting the Global South. The Kazan Declaration and BRICS: Redefining Global Power Dynamics The 16th BRICS Summit represented a significant shift in the global order, highlighted by the Kazan Declaration's strong stance against U.S. dominance, financial coercion, and diplomacy driven by sanctions. The declaration highlighted the rise of BRICS as a powerful group united in opposition to the exploitation of international institutions for political ends. It stressed principal issues like de-dollarization, a stance against hegemony in global governance, and the disapproval of sanctions as instruments of Western coercion. Since its establishment, BRICS has pursued various objectives, chiefly aiming to reduce dependence on the US dollar and counter exploitation by colonial imperialist powers. A key insight from the Kazan Declaration is the inability of the United States and its allies to isolate or penalize BRICS nations. Instead, BRICS' influence has significantly grown, with numerous countries seeking membership, indicating that efforts to undermine BRICS have been unsuccessful. De-dollarization: A New Financial Paradigm De-dollarization has been advocated by leaders such as Gaddafi and Saddam, and considering their fates, it's no surprise that Arab monarchies and authoritarian regimes in the Middle East are hesitant to sell oil in any currency other than the dollar. The Kazan Declaration represented a significant move towards de-dollarization. The BRICS nations—Brazil, Russia, India, China, and South Africa—are actively pursuing alternatives to the U.S. dollar to reduce their dependence on it for trade and financial transactions. Their goal is to diminish the dollar's global dominance, which the U.S. has sometimes used politically to sway other nations. As BRICS grows and more countries express interest in joining, the shift towards de-dollarization could become more evident, potentially reducing the U.S.'s financial clout in global markets and allowing nations more control over their economic choices. BRICS is increasingly perceived as an alliance of nations that have experienced Western duplicity, coercion, and aggressive foreign policies, particularly in support of Israel, which has breached numerous international and UN resolutions. Current members, along with nations seeking membership, are confronted with the possibility of regime change and sanctions. The Kazan Declaration underscored BRICS' transformation into a coalition committed to reshaping the global order, resisting unilateral coercion, and promoting peace and justice. The Kazan Declaration encourages expansion of BRICS, with nations from Africa, the Middle East, Asia, and South America keen to join the bloc, seeking to break free from the economic and political dominance of a U.S.-led global order. The three-day Kazan summit showcased the global inclination towards a new order, not monopolized by any single nation or bloc. President Putin faced zero ostracism, while Netanyahu was accused of war crimes. Concurrently, every nation at the summit denounced Israel for its genocide in Gaza and acknowledged Palestine as a sovereign state. Major European banks are facing significant challenges, with some filing for bankruptcy. Numerous economists predict a devaluation of the dollar, anticipated due to massive sales of Treasury bonds, potentially leading to a collapse of the public bond market and considerable difficulties for the US Treasury in refinancing the nation's debt. This led me to the ultimate incandescent tragedy: Israel's military offensives in Gaza, Palestine, Lebanon, Yemen, Syria, and Iran. Two key resolutions from the Kazan Declaration at the BRICS Summit were deemed pertinent to the Islamic Resistance movement, and resolution thirty reaffirmed the two-state solution based on international law, in line with the internationally recognized borders of June 1967, with East Jerusalem as its capital. The BRICS Manifesto and the Kazan Declaration from the 16th BRICS summit will strengthen multilateralism to foster a more just and democratic world order. The declaration advocates for enhanced cooperation for global and regional stability, and economic and financial collaboration for equitable global development. It calls for stronger people-to-people exchanges to boost social and economic growth. The BRICS nation aims to lead the network of road and rail, high-tech cooperation, and aligning with Global South countries to create a community with a shared future for humanity. BRICS is committed to social and environmental justice, and peace, BRICS pledges to spearhead the reform of global governance and to strive for a fair and lasting solution to the Palestinian issue. The declaration also expresses steadfast support for Brazil's upcoming BRICS Leadership and the XVII BRICS Summit in Brazil in 2025. ……… Mohammed Khaku, who lives in Upper Macungie Township, is active in the Islamic community of the Lehigh Valley. ----- URL: https://newageislam.com/islam-west/brics-sanctuary-future/d/133632 New Age Islam, Islam Online, Islamic Website, African Muslim News, Arab World News, South Asia News, Indian Muslim News, World Muslim News, Women in Islam, Islamic Feminism, Arab Women, Women In Arab, Islamophobia in America, Muslim Women in West, Islam Women and Feminism