{"id":30096,"date":"2023-10-07T21:37:55","date_gmt":"2023-10-08T01:37:55","guid":{"rendered":"https:\/\/ssgreenberg.name\/PoliticsBlog\/?p=30096"},"modified":"2023-10-07T21:37:55","modified_gmt":"2023-10-08T01:37:55","slug":"a-brics-bank-how-would-it-really-function","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2023\/10\/07\/a-brics-bank-how-would-it-really-function\/","title":{"rendered":"A BRICS+ Bank: How would it really function?"},"content":{"rendered":"<p>Michael has posted the article <a href=\"https:\/\/michael-hudson.com\/2023\/10\/a-brics-bank-how-would-it-really-function\/\" rel=\"noopener\" target=\"_blank\">A BRICS+ Bank: How would it really function?<\/a><\/p>\n<blockquote><p>\nAt Thursday\u2019s Valdai Club meeting in Sochi, Russia\u2019s President Putin explained how he viewed the needed restructuring. Contrary to much discussion in the West, what is planned is not a \u201cBRICS currency,\u201d but something much more limited: a means of settling payments imbalances along quite different lines from those that have led to today\u2019s crisis.\n<\/p><\/blockquote>\n<p>This is from someone who I believe has the credentials to opine on this topic. The credentials are not from his degrees, which he has, but from the logic of his claims, and the history that he understands.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael has posted the article A BRICS+ Bank: How would it really function? At Thursday\u2019s Valdai Club meeting in Sochi, Russia\u2019s President Putin explained how he viewed the needed restructuring. Contrary to much discussion in the West, what is planned is not a \u201cBRICS currency,\u201d but something much more limited: a means of settling payments [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-30096","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/30096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=30096"}],"version-history":[{"count":1,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/30096\/revisions"}],"predecessor-version":[{"id":30097,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/30096\/revisions\/30097"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=30096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=30096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=30096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}