To Michael Savage July 12th, Sunday

Doc,

The main political events in Russia, for the last week, happened in Ufa, at 1tv.ru/news/polit/287705. 
Both BRICS and SCO (Shanghai Cooperation Organization) member countries formed their agendas which will work on creating multi-polar world on security and economy. Creating a $100B bank to respond to fluctuations of world market economy, alternative to IMF, was one on the top.
3-Day summit had full schedule which didn't let much of free time for participants to talk to the media and the press in between meetings.
Better to listen the speeches directly anyway.  
Economists in Germany characterized BRICS as rival to G7. Good thinking.
At 5min. into the tape you'll hear a Russian expert Vlad Rozhankovsky explaining the big difference between the functions of those 2 financial global institutions. BRICS's bank will not dominate but involve all its member creditors equally helping those who take loans to work on realizing their projects successfully in order to help all of them to grew their economies together. Only member countries can borrow on mutually agreed upon projects.
"The West calls competition "a healthy phenomena" for economic development, so let's start working comparatively," says Alex Lukin, another Russian expert at 6:12min.
India's PM said that the fund will help not only the member states' economic growth, but other stats with emerging economies where member states will invest, which itself will help the world economy in whole.
Members of BRICS as appose to IMF do not have outstanding huge debts. That will make them to be soft on requirements for loans.
President of South Africa, Jacob Zuma said that after they joined BRICS, from 2011-2014 his country's int'l commodity turnover from $268B became $382B showing 17% growth, at 7min.
Chinese came up with a self-explanatory cartoon, at 8:55min.
All SCO current member countries are in quiet regions of the world. Four more states like Armenia, Azerbaijan, Nepal and Cambodia just joined as "partners in dialog." Several others want to join their ranks also.
Summit also pawed way for India and Pakistan to join in, which hopefully will also help in their ongoing political conflict resolution. It's important for the security of the region and the world, because both are nuclear powers. Development needs peace and peace comes from cooperation.

Well, good job RF, Mr. Putin, city of Ufa and the organizers of summit! Good bless their good intentions and may their efforts bring only good to all of us, including people of NYC, USA!
We need peace and prosperity in here too!
I'll leave the reader to find out the details on economic agreements and projects on their own.

Putin had a big press-conference about the results of Summit, at 1tv.ru/news/polit/287704.
He said that most important thing is that nobody forced anybody to participate, everything evolved naturally. Partners of this process came together on their own, motivated by need of creating new, more democratic structure in further development of world economy. New plastic credit cards will get out this year to replace major western ones. Before we thought economy is separate from politics. Happened to be - no. Western partners using economic measures as political tools to suppress other countries economies and thus effect their policies.

I can be more analytical in security issues. I can see war conflicts through and through using my education in history, literature and anthropology and deep knowledge in current int'l and local news. My life experience living in different continents and social and political structures and being born with healthy common sense goes a long way to understand the essence of reality.
So far most of US media and the Press with all their might were working hard like self-destructive crackheads who live on WH's payroll. Lying through their teeth about almost everything Russian to please war-mongering heads in congress. The price? More than 6000, mostly ethnic Russians, dead in Eastern Ukraine, around million refuges in RF, who knows how many injured, homeless, hungry and helpless right now.
How much money already spent from all sides nobody can know for sure and there is still no end to this madness "thanks" to Washington's policies.
Dr. Cohen said an absolute and simple truth. "The problem and the solution of conflict in Ukraine are in Washington. If O will pick up the phone tomorrow and say 'we're done with this conflict,' this conflict will end the next day or the day after," he said.

In the meantime gunfire continues in Donbass, but dominating headlines of Ufa summit overshadowed it.
There also was a "sort out" action with shooting match between "RightSector" and police in town called Mukachevo, Zakarpattiye region of Ukraine, which borders 4 countries of Europe and is famous for its mafia type organized narco-trafficking and generations of gangs, for power and influence, at ntv.ru/novosti/1441180.
Not that I care a bit about that one, just saying. In Kiev group of RS thugs demanding to throw away Avakov. I agree. They should hang him, then butcher each other, then enter EU and do it there. For all I care.
That's all for now.

So long.