November 6, 2016 By Joseph P. Farrell

It's difficult these days to sort out worthwhile stories from the noise coming from the USSA about the elections, particularly as more and more email dumps occur. But I've tried to remain focused on other stories that I think deserve our attention and usual high octane speculation. And this story, shared by Ms. K.M., definitely caught my attention:

BRICS to Set up Joint Satellite Constellation

So there you have it: the BRICs nations, or as I like to call them, the BRICSA nations -Brazil, Russia, India, China, and South Africa - are meeting to coordinate their space programs and satellite programs to create "...a joint grouping of satellites for the Earth remote sensing and are currently finalizing legal aspects of an agreement on the exchange of data gathered from the Earth remote sensing,” at least, that is the public explanation being given by the head of Roscosmos, Igor Komarov.

And I believe it, for such coordination and cooperation, to to mention data sharing, would be of benefit to all three countries, and moreover, conceivably help in the planning and implementation of the Chinese "silk road" project and the build-out of Eurasian infrastructure. This is, in other words, but another component of that project.

But I strongly suspect there's something else lurking behind the scenes here, and that's international financial clearing. The "immanent collapse of the dollar" as the world's reserve currency has been a favorite meme of certain types of analysts for decades now, and I can remember hearing the beginnings of it under President Nixon when he took the country off the Bretton Woods agreement. It was the beginning of the petro-dollar, but one might as well call it the pertro-space dollar, since that reserve status depends on two things: the strength of the US military, and equally if not more importantly, strength in space, control of space communications assets, through which so much international trade and financial clearing is now conducted electronically.

The bottom line here is that whoever controls space assets, and hence space communication, and whoever can defend those assets, controls international financial clearing. And who controls international clearing, is going to be the country that, in the final analysis, preserves reserve currency status.

Most of us have probably read those stories about how China wants to make its yuan/reminbi the new reserve currency, and to challenge the US dollar. But any such successful challenge will (1) have to demonstrate a capability to interdict American satellite capability, and (2) deploy its own considerable network of space assets.

Both China and Russia have demonstrated significant anti-satellite capabilities in the past years, which brings us to the second point, and its possible role as the context in which to view this story, and hence to my high octane speculation of the day.

The article itself already hints at the financial purpose of this international BRICSA coordination in deploying a satellite constellation, so it takes but a little leap to extend this logic further: "earth sensing" could be a convenient cover, perhaps, to launch satellites with a multi-purpose capability, the other being communications and clearing...

...oh yes, and defense of those systems, and interdiction of your competitors'...

See you on the flip side...