As Brazil deals with the aftermath of the Washington funded coup that ousted President Dilma Rousseff, the establishment appears now to be going after their next BRICS target… that of South Africa.
On June 3, S&P is preparing to downgrade South Africa’s credit rating following default threats and months of protests that are alleged to have been created by funding out of Washington and other U.S. backed NGO’s.
Major protests have gripped South Africa in recent months as political forces have emerged to give voice to a growing discontent with the government and ruling party. Beneath the surface of these demonstrations organized around legitimate grievances, however, there’s an undercurrent of political manipulation.
South Africa and its ruling African National Congress (ANC) party have been targeted for destabilization due to the country’s burgeoning relationship with China and other non-Western nations, most obviously typified by South Africa’s inclusion in BRICS, the association of the five major emerging economies of Brazil, Russia, India, China and South Africa. - Mint Press News
South Africa is the fourth BRICS nation to have been targeted by Washington since the coalition sought to end dollar hegemony in global finance over the past four years. And besides economic sanctions imposed against Russia, and outlandish tariffs put on Chinese steel imports, already the U.S. backed leadership in Brazil has removed all the reforms forged by Rousseff during her administration, and her bringing about economic stability and free trade initiatives.
In the two weeks that Temer’s transition government has held power, it has moved to unravel the country’s social welfare state, eliminating the minister of culture, and has moved to replace regional commitments and the BRICS alliance with renewed deregulated system of trade with the United States. Temer, to many Brazilians is systematically reversing 13 years of policies advanced by the Workers Party. - Sputnik News
Behind the scenes, the battle for control over the global financial system has resulted in economic warfare that not only has brought former adversaries together (Russia and China), but it has also seen the end of some regimes such as those in Libya and Brazil. And with the U.S. even threatening its petro-dollar partner Saudi Arabia for wanting to establish better business relations with Russia and the rising Eurasian powers, it is quickly becoming apparent that this is a winner take all fight for monetary supremacy, and more and more nations will be picked off if they choose or continue to stand up against Washington.
Kenneth Schortgen Jr is a writer for Secretsofthefed.com, Examiner.com,Roguemoney.net, and To the Death Media, and hosts the popular web blog, The Daily Economist. Ken can also be heard Wednesday afternoons giving an weekly economic report on the Angel Clark radio show.