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hello everyone thank you for tuning in I
know that I have been uploading more videos than usual on the bricks blog this is because there have been so many new developments recently and I try to bring them to your attention because this is what's shaping the world that we live in and this yet another new development that I would like to share with you today in this video is unprecedented the bricks Block members are countryes with vast natural resources and a wealth of Commodities that are in high demand in the world and as we are literally on the brink of a massive escalation in the Middle East with the war between Israel and Hezbollah becoming more and more likely by the day and the proxy war in Ukraine going on securing access to natural resources to food supply and raw Earth minerals has become the top priority nations of the bricks block will enjoy a natural Advantage here because they are able to trade these items at a cost at a lower cost I should say since they're not using the dollar and therefore there's no cost associated with foreign exchange very often when we discuss multipolarity we focus on dollarization but what we rarely discuss these days is the abundance of bilateral and multilateral agreements between these countries between the full members of the bricks block and these agreements go beyond purely economic or Finance related issues one of such recent initiatives was Russia's proposal to create an inner block Grain Exchange on June the 14th the brics agriculture ministers met and supported the idea of a new grain platform between member countries this is a truly significant development because its primary focus is Social Development and the expansion of areas that would be mutually beneficial to these Emerging Markets the bricks Grain Exchange would support food security and therefore human security also it may allow the bricks block to exercise control over grain prices to an extent and I will discuss that in this video as well the idea of the bricks blog Grain Exchange is not a new one the Russian Union of grain exporters first expressed the idea of establishing an inner bricks Grain Exchange back in 2023 now 6 months later it's coming to fruition now of course there are many of those who dislike the idea because well it is an excellent one and once implemented it would further reduce the Reliance of the bricks countries on their non-block Partners as well as make a full membership in the block a lot more appealing to those who haven't applied yet who wouldn't want to have access to core Commodities at better prices it is a no-brainer especially in the world where Global instability seems to increase by the day therefore it is not surprising at all that Western media Outlets immediately started to create this narrative where Russia's initiative to create a Grain Exchange platform uh all of a sudden turned out to be evil and uh they actually went so far as to say that the officially declared purpose of the alliance is to facilitate trade between member states but analysts warn so now they're trying to default to scare tactics and to scare you saying that these unknown unidentified analysts are now issuing warnings so these analysts say that the new structure will aim to become an analog of the organization of the petroleum exporting countries or OPAC in other words for the global grain market with the goal of pricing well to counter that Europe could always grow its own grain and uh depend solely on its production right why wouldn't they want to do that well not really it cannot do that Europe is too busy waging Wars on its own Farmers trying to push agenda 2030 and of course is busy trying to decouple from both China and Russia and especially in this particular context from cheap Russian fertilizer that 80% of French agre business has been using and a third of entire Europe so it really is extremely hypocritical to implement self-damaging domestic policies while also trying to hurt someone else's ideas and success well once this grain platform is fully established it will allow Commodities pricing to shift that is a very valid point at the moment all Benchmark grain prices are set in the United States and in Europe so this initiative will remove this yet another important Authority from Western countries additionally it goes without saying that the creation of an alternative commod aties platform which may or may not be expanded later on into items besides just the grains and then coupled with transacting in local currencies those two things combined would upend the current commodities Market as we know it during the brics ministers meeting reportedly they discussed the fact that the brics countries now make up about 30% of all aable land in the world they jointly produce produse about 40% of grain crops 50% of fish 50% of dairy products worldwide therefore in fact the bricks countries are a key platform for ensuring Global Food security this is an extremely important area these days especially given that just several days ago I shared with you a rather surprising and shocking article that was published in the financial times on the likelihood of food Wars Financial Times effectively underscored that we can no longer rely on the supply of food being uninterrupted I will link that video below for those who may be interested to watch it next the bricks Grain Exchange will be technically ready by October of 20124 Russia plans to establish a modern Hightech digital Marketplace by the way so uh this was according to the head of the Russian Union of grain exports now the bricks Grain Exchange once it is established in just several months from now will'll ideally seek to unite Global exporters ultimately the goal might be to form an organization that is similar to OPEC plus if they find it mutually beneficial of course as we know OPEC plus meets and decides to jointly limit or increase supply of oil uh in the global markets which impacts prices worldwide there is a possibility that the bricks great rain exchange might go this route as well although I personally do not think that this would be in their best interest I think that the bricks are willing to trade with Western and with their Eastern Partners on beneficial terms of course and forming an OPEC plus style organization is likely not on their agenda at the time because not all bricks members a grin exporters so that is not something that they all have in common that would uh drive that type of an initiative at this point in time Commodities are clearly becoming increasingly important and grain exports and imports is on top of everyone's list as there is an increasing possibility that food supply may not be guaranteed moving forward therefore the latest initiative by Moscow to form a Grain Exchange platform promises to uphand Commodities markets and in addition to a brand new alternative Financial system system that the block is actively working on it will provide yet another vital interest that will without a doubt in my mind unite Global emerging economies food security is the primary concern and this is just to good of an opportunity to leave on the table as always thank you very much for watching thank you for joining me and for your time please remember to like subscribe and share the video if you found it interesting make sure that you follow me on social platforms you will find them linked below and I will see you tomorrow on YouTube or Rumble enjoy the rest of your day bye for now 