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The Duran Podcast

New and improved BRICS to emerge in South Africa. Morocco wants to join

The Duran Podcast

The Duran

News

4.4650 Ratings

🗓️ 19 August 2023

⏱️ 23 minutes

🧾️ Download transcript

Summary

New and improved BRICS to emerge in South Africa. Morocco wants to join The Duran: Episode 1673

Transcript

Click on a timestamp to play from that location

0:00.0

All right, Alexander, let's talk about the BRICS summit.

0:04.8

It is finally starting after a lot of discussion, debate, the ICC arrest warrant, whether to move it to China, whether Putin was going to show up in person or via video.

0:18.5

And then Lavrov said that, what the Russian government government said that Lavrov would be the person representing Russia

0:24.6

in South Africa.

0:27.9

And Putin would appear via video.

0:30.8

Anyway, it's finally here.

0:33.0

There's talk about currency, a new currency being launched, new members joining Bricks.

0:39.2

I think Morocco was the latest country that said they're interested in joining BRICS. Anyway, what are your thoughts on the BRICS summit?

0:44.3

What should we be focused on? What do you think is going to come out of this summit?

0:50.4

I think the big event is going to be that be that well there's going to be two big issues

0:55.9

the first is this setting up of a financial system as an alternative to the west and i think it's

1:04.9

now clear they're not going to announce uh when this summit begins next week you know a new bricksS currency. I mean, the framework for that, the structure for that, has not yet been created, but I think they will announce, or at least they will take steps towards moves to creating the structures for that. And I think we will be hearing and seeing announcements about this.

1:30.8

The second thing that's going to happen is whether there's going to be BRICS expansion.

1:37.7

Now, the South Africans are inviting 60 countries.

1:40.7

60 countries are coming to this meeting.

1:43.2

Apparently, even more wants to attend.

1:46.2

This is turning into an enormous summit meeting.

1:51.1

And there is now real debate, real discussion about whether or not to move ahead with

1:57.9

expansion or not.

1:59.7

India seemed at one point to be saying, look, this is going forward

2:04.1

too fast. Let's slow a little. China backs expansion. Brazil backs expansion after some thought,

2:14.4

so does Russia. So India, it seems, has decided to go along. The key country to

...

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