The Duran Podcast Putin, Xi, Modi at SCO. BRICS united
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Aug 29, 2025 The podcast dives into the upcoming Shanghai Cooperation Organization meeting, featuring influential leaders from Russia, China, and India. It highlights their ambitions to build a new financial framework independent of Western systems, using blockchain technology. Geopolitical dynamics take center stage, discussing military partnerships and energy exchanges while navigating the Ukraine crisis. Additionally, the emergence of a new economic alliance poses challenges to U.S. trade strategies, suggesting a need for adaptation in response to shifting global powers.
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SCO Meeting As Major Geopolitical Moment
- China and Russia are deepening cooperation across trade, science, and defense, making this SCO meeting highly significant.
- Putin's attendance signals the meeting may be the key international event of the year for BRICS alignment.
BRICS Moving Toward Concrete Integration
- BRICS integration will focus on concrete economic architecture rather than symbolic gestures.
- The Rio meeting acted as a preparatory step toward a detailed BRICS plan to be advanced in China.
No Immediate USD Replacement Plan
- BRICS won't try to replace the US dollar wholesale because only the RMB could plausibly do that, and it's not yet fully convertible.
- Member states view a direct USD replacement as impractical given current economic constraints.