Cont'd:
"Even though the world’s economic and demographic centre of gravity has shifted eastwards, voting power in these financial institutions remains disproportionately in the West’s favour, much to the BRICS’s irritation."
"Although the
Russian economy has slowed, the
efforts to smash it have failed, not least because
so many countries continue to buy its oil and gas. It still faces difficulties because so many payments are linked to the dollar. Putin aims to break US Treasury dominance by
creating an alternative cross-border settlement system that does not involve any of the G7 currencies. That will render sanctions, already lacking in bite, worthless," Johnston concludes. He is right about the outcome, but incorrectly ascribes malevolent intentions to BRICS. BRICS members at the summit explained that they did not set out to belligerently fight the USD and Western settlement systems, but that being unilaterally cut off from such Western services, or facing such risk, leaves them no choice but to create alternative systems between themselves.
"The one saving grace is that the BRICS contain some odd bedfellows, never likely to agree on anything, notably China and India," Johnston declares triumphantly.
"Egypt and Ethiopia are unlikely to see eye to eye either, nor Saudi Arabia and Iran. Unlike the G7 of industrialised nations, enmities ancient and modern will probably scupper Putin’s aggrandising ambitions," Johnston muses, unironically hailing the famously age-old, unshakeable friendship between Western G7 countries like Britain, Germany, France, Japan and the U.S. For as we all know, these G7 (de)industrialising nations are not "odd bedfellows" at all, with no "enmities, ancient and modern" whatsoever. As Brexit clearly showed.
"[...]
Russia [is] emerging largely unscathed by two and half years of Western sanctions and despite a vast outlay of financial help. True,
Russia has lost tens of thousands of men in Ukraine," the British stenographer states, confusingly out of step with the latest memo from his U.S. overlord officials claiming "more than 600k casualties" for Russia.
"But [Russia] has a limitless capacity for suffering, as its bloody history shows," Johnston declares in apparent frustration at not being able to keel over Russia, while omitting the inconvenient detail about how much of that "suffering" and "bloody history" was inflicted on Russia by multiple waves of Western, including British, invasions.
"Most brazenly, the Russian leader has set himself up as a representative of post-colonialism even as he hosts a summit in an ancient Khanate annexed by Russia," Johnston bizarrely pearlclutches with a sudden case of bleeding heart for Kazan, which has been part of Russia since the Middle Ages, longer than Wales has been an "annexed" part of Britain.
Ironically, he seems to support annexing the "ancient Khanate" of Crimea in favour of Ukraine.
"Moreover,
what else is the attempt to occupy Ukraine other than an imperialist venture?", Johnston asks in a passage that would best describe the U.S. coup in Kiev and the expansion of U.S. overseas bases across the entire European continent.
"But such niceties are lost on countries eager to cock-a-snook at the West and show that its writ no longer runs as far as it once did," Johnston ends his Magnum Opus with an astonishingly undisguised sneer at the Global South participants of the BRICS summit, who he seems to imply are motivated only by revenge against the West and don't have the intellectual skills or centuries of first-hand experience to correctly identify who is the real imperialist in NATO's proxy war in the Donbas and in the world.
https://www.yahoo.com/news/weak-willed-un-handed-putin-161558123.html