Russia and China vs The United States — Revenge of the Nerds Part Deux

I will apologize up front for using the campy 1984 movie, Revenge of the Nerds, as a prescient portrayal of the shifting power relationship that favors Russia and China and puts the United States at an unexpected disadvantage. But I think it is an apt metaphor. The original movie portrayed a group of very smart, technically gifted students who were shunned and tormented by the popular fraternities — populated with the handsome, smug golden boys and brain dead athletes. The Nerds’ effort to organize their own fraternity was opposed by the established fraternities, often with violence and sabotage, but in the end their brains and determination won out over the prvileged establishment, who believed their muscles and entitlement would preserve their domination.

I suppose the biggest difference with the original movie is that Russia and China have nuclear weapons. The Nerds had no nukes, only cleverness. So they are not just hinging their quest to breakaway from the control of the West on their technological smarts alone, they have the military muscle to push back if necessary. I believe the following clip offers a metaphor for the countries lining up to join BRICS, with Russia and China in the lead, and create a new international financial order independent of Washington’s control (and bullying).

Most people in the West are oblivious to the earth shaking changes taking place across the globe that represent a rejection of the U.S. controlled and dominated “International Order,” which was. created in the wake of World War II. The United States unwittingly started this avalanche by banning Russia from the Society for Worldwide Interbank Financial Telecommunication (SWIFT), which has been the primary system for sending wire transfers between banks. Russia and China responded to this coercive move by stepping up their efforts with the other BRICS countries to create an alternative system that by-passes SWIFT and the almighty dollar.

The effort to break free of U.S. control is accelerating. Early on Brazil made an agreement with China to stop using the U.S. dollar as the reserve currency in their bilateral trade. Saudi Arabia has made similar agreements with other countries and India is paying rupees for Russia oil. The Middle East Spectator reports tonight that Iran and Indonesia agreed to stop using the US Dollar in their mutual trade relations. In other words, a lot of countries are lining up to buy Russian and Chinese pie.

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