Washington’s EU vassals might be finding their backbone. Britain, Germany, France, and Italy are reported to have defied Washington’s orders and applied to join the Chinese-led Asian Investment Bank. Australia, Japan, South Korea, Switzerland, and Luxembourg might also join.
Washington uses its development banks such as the Asian Development Bank, the World Bank, along with the IMF, in order to exercise financial and political hegemony. These banks are crucial elements of American economic and political imperialism.
The Chinese-led bank will, of course, be much more effective. The Chinese will use the bank to actually help countries and thereby make friends and grow trust, whereas Washington uses its banks for domination by force.
This new bank, with the BRICS Bank, will provide countries with escape routes from Washington’s domination.
The Evil Empire is beginning to crack. It will crack more as the Russian-Chinese alliance unfolds its potentials and when European capitals understand that hegemonic Washington has put their existence at risk in order to try to prevent Russia’s rise. The crazed American and British neocon nazis, and their dupes among the populations, comprise the greatest human threat that the world has ever known. The sooner the Evil Empire collapses, the safer the world will be.
Complete story at - Cracks In Washington’s Empire | Dissident Voice
Showing posts with label BRICS. Show all posts
Showing posts with label BRICS. Show all posts
Saturday, March 21, 2015
Monday, March 9, 2015
the unbalanced evolution of homo sapiens: PIIGS and BRICS unite!
by system failure
The birth of both these acronyms comes from the widely used marketing practice that makes some things easier to remember and stigmatize. The whole story was actually an invention by the modern, mainstream economic school.
On the one hand, the bad "students" of the PIIGS (Portugal, Italy, Ireland, Greece and Spain), conveniently placed in such an order to be "nailed" in everyone's mind as something repulsive, like a dirty pig. On the other, the "good examples" of the emerging economies BRICS (Brazil, Russia, India, China, South Africa), placed in such an order to remind someone that some countries are trying to build their economies wisely, brick by brick.
Of course, all this mainstream perception was created fifteen or twenty years ago, when the West was certain that neoliberalism would manage to conquer the whole planet. The big irony of the whole story, is that PIIGS were always playing by the rules of the neoliberal bubble-style economy, and, especially when the crisis hit Greece and eurozone, they became the scapegoat of this crisis.
And while the system managed to blame the Greek public for all the catastrophe in Greece, hiding the huge responsibilities of the bankers who were rescued at the expense of the taxpayers, no one really understands why Ireland should be stigmatized as being sometimes part of the PIIGS. The crisis there was clearly caused by the banks. How the Celtic tiger became suddenly a pig?
Russia's economy was literally destroyed by the IMF in the late 90s and yet the country was put in the BRICS as a model that someone should follow. Not that we shouldn't expect such thing. Today, IMF new victim, Greece, is treated with a similar absurdity: when the Greek government (mostly previous government), obeys to the IMF destructive policies, is rewarded with the next dose of liquidity (like a junkie who begs for the next dose), but when chooses to resist (mostly current government), is being punished. Latest example is Greece's exclusion from the new QE program by Draghi.
Complete story at - the unbalanced evolution of homo sapiens: PIIGS and BRICS unite!
The birth of both these acronyms comes from the widely used marketing practice that makes some things easier to remember and stigmatize. The whole story was actually an invention by the modern, mainstream economic school.
On the one hand, the bad "students" of the PIIGS (Portugal, Italy, Ireland, Greece and Spain), conveniently placed in such an order to be "nailed" in everyone's mind as something repulsive, like a dirty pig. On the other, the "good examples" of the emerging economies BRICS (Brazil, Russia, India, China, South Africa), placed in such an order to remind someone that some countries are trying to build their economies wisely, brick by brick.
Of course, all this mainstream perception was created fifteen or twenty years ago, when the West was certain that neoliberalism would manage to conquer the whole planet. The big irony of the whole story, is that PIIGS were always playing by the rules of the neoliberal bubble-style economy, and, especially when the crisis hit Greece and eurozone, they became the scapegoat of this crisis.
And while the system managed to blame the Greek public for all the catastrophe in Greece, hiding the huge responsibilities of the bankers who were rescued at the expense of the taxpayers, no one really understands why Ireland should be stigmatized as being sometimes part of the PIIGS. The crisis there was clearly caused by the banks. How the Celtic tiger became suddenly a pig?
Russia's economy was literally destroyed by the IMF in the late 90s and yet the country was put in the BRICS as a model that someone should follow. Not that we shouldn't expect such thing. Today, IMF new victim, Greece, is treated with a similar absurdity: when the Greek government (mostly previous government), obeys to the IMF destructive policies, is rewarded with the next dose of liquidity (like a junkie who begs for the next dose), but when chooses to resist (mostly current government), is being punished. Latest example is Greece's exclusion from the new QE program by Draghi.
Complete story at - the unbalanced evolution of homo sapiens: PIIGS and BRICS unite!
Saturday, March 7, 2015
What the BRICS plus Germany are really up to? — RT Op-Edge
Winston Churchill once said, “I feel lonely without a war.” He also badly missed the loss of empire. Churchill’s successor – the ‘Empire of Chaos’ – now faces the same quandary. Some wars – as in Ukraine, by proxy – are not going so well.
And the loss of empire increasingly manifests itself in myriad moves by selected players aiming towards a multipolar world.
So no wonder US ‘Think Tankland’ is going bonkers, releasing wacky CIA-tinted “forecasts” where Russia is bound to disintegrate, and China is turning into a communist dictatorship. So much (imperial) wishful thinking, so little time to prolong hegemony.
The acronym that all these “forecasts” dare not reveal is BRICS (Brazil, Russia, India, China, and South Africa). BRICS is worse than the plague as far as the ‘Masters of the Universe’ that really control the current - rigged - world system are concerned. True, the BRICS are facing multiple problems. Brazil at the moment is totally paralyzed; a long, complex, self-defeating process, now coupled with intimations of regime change by local ‘Empire of Chaos’ minions. It will take time, but Brazil will rebound.
That leaves the “RIC” – Russia, India and China - in BRICS as the key drivers of change. For all their interlocking discrepancies, they all agree they don’t need to challenge the hegemon directly while aiming for a new multipolar order.
The BRICS New Development Bank (NDB) – a key alternative to the IMF enabling developing nations to get rid of the US dollar as a reserve currency – will be operative by the end of this year. The NDB will finance infrastructure and sustainable development projects not only in the BRICS nations but other developing nations. Forget about the Western-controlled World Bank, whose capital and lending capacity are never increased by the so-called Western “powers.” The NDB will be an open institution. BRICS nations will keep 55 percent of the voting power, and outside their domain no country will be allowed more than 7 percent of votes. But crucially, developing nations may also become partners and receive loans.
Complete story at - What the BRICS plus Germany are really up to? — RT Op-Edge
And the loss of empire increasingly manifests itself in myriad moves by selected players aiming towards a multipolar world.
So no wonder US ‘Think Tankland’ is going bonkers, releasing wacky CIA-tinted “forecasts” where Russia is bound to disintegrate, and China is turning into a communist dictatorship. So much (imperial) wishful thinking, so little time to prolong hegemony.
The acronym that all these “forecasts” dare not reveal is BRICS (Brazil, Russia, India, China, and South Africa). BRICS is worse than the plague as far as the ‘Masters of the Universe’ that really control the current - rigged - world system are concerned. True, the BRICS are facing multiple problems. Brazil at the moment is totally paralyzed; a long, complex, self-defeating process, now coupled with intimations of regime change by local ‘Empire of Chaos’ minions. It will take time, but Brazil will rebound.
That leaves the “RIC” – Russia, India and China - in BRICS as the key drivers of change. For all their interlocking discrepancies, they all agree they don’t need to challenge the hegemon directly while aiming for a new multipolar order.
The BRICS New Development Bank (NDB) – a key alternative to the IMF enabling developing nations to get rid of the US dollar as a reserve currency – will be operative by the end of this year. The NDB will finance infrastructure and sustainable development projects not only in the BRICS nations but other developing nations. Forget about the Western-controlled World Bank, whose capital and lending capacity are never increased by the so-called Western “powers.” The NDB will be an open institution. BRICS nations will keep 55 percent of the voting power, and outside their domain no country will be allowed more than 7 percent of votes. But crucially, developing nations may also become partners and receive loans.
Complete story at - What the BRICS plus Germany are really up to? — RT Op-Edge
Thursday, February 26, 2015
Year of the Sheep, Century of the Dragon?
by Pepe Escobar
BEIJING -- Seen from the Chinese capital as the Year of the Sheep starts, the malaise affecting the West seems like a mirage in a galaxy far, far away. On the other hand, the China that surrounds you looks all too solid and nothing like the embattled nation you hear about in the Western media, with its falling industrial figures, its real estate bubble, and its looming environmental disasters. Prophecies of doom notwithstanding, as the dogs of austerity and war bark madly in the distance, the Chinese caravan passes by in what President Xi Jinping calls “new normal” mode.
“Slower” economic activity still means a staggeringly impressive annual growth rate of 7% in what is now the globe’s leading economy. Internally, an immensely complex economic restructuring is underway as consumption overtakes investment as the main driver of economic development. At 46.7% of the gross domestic product (GDP), the service economy has pulled ahead of manufacturing, which stands at 44%.
Geopolitically, Russia, India, and China have just sent a powerful message westward: they are busy fine-tuning a complex trilateral strategy for setting up a network of economic corridors the Chinese call “new silk roads” across Eurasia. Beijing is also organizing a maritime version of the same, modeled on the feats of Admiral Zheng He who, in the Ming dynasty, sailed the “western seas” seven times, commanding fleets of more than 200 vessels.
Meanwhile, Moscow and Beijing are at work planning a new high-speed rail remix of the fabled Trans-Siberian Railroad. And Beijing is committed to translating its growing strategic partnership with Russia into crucial financial and economic help, if a sanctions-besieged Moscow, facing a disastrous oil price war, asks for it.
To China’s south, Afghanistan, despite the 13-year American war still being fought there, is fast moving into its economic orbit, while a planned China-Myanmar oil pipeline is seen as a game-changing reconfiguration of the flow of Eurasian energy across what I’ve long called Pipelineistan.
And this is just part of the frenetic action shaping what the Beijing leadership defines as the New Silk Road Economic Belt and the Maritime Silk Road of the twenty-first century. We’re talking about a vision of creating a potentially mind-boggling infrastructure, much of it from scratch, that will connect China to Central Asia, the Middle East, and Western Europe. Such a development will include projects that range from upgrading the ancient silk road via Central Asia to developing a Bangladesh-China-India-Myanmar economic corridor; a China-Pakistan corridor through Kashmir; and a new maritime silk road that will extend from southern China all the way, in reverse Marco Polo fashion, to Venice.
Don’t think of this as the twenty-first-century Chinese equivalent of America’s post-World War II Marshall Plan for Europe, but as something far more ambitious and potentially with a far vaster reach.
Complete story at - Tomgram: Pepe Escobar, Inside China's "New Normal" | TomDispatch
BEIJING -- Seen from the Chinese capital as the Year of the Sheep starts, the malaise affecting the West seems like a mirage in a galaxy far, far away. On the other hand, the China that surrounds you looks all too solid and nothing like the embattled nation you hear about in the Western media, with its falling industrial figures, its real estate bubble, and its looming environmental disasters. Prophecies of doom notwithstanding, as the dogs of austerity and war bark madly in the distance, the Chinese caravan passes by in what President Xi Jinping calls “new normal” mode.
“Slower” economic activity still means a staggeringly impressive annual growth rate of 7% in what is now the globe’s leading economy. Internally, an immensely complex economic restructuring is underway as consumption overtakes investment as the main driver of economic development. At 46.7% of the gross domestic product (GDP), the service economy has pulled ahead of manufacturing, which stands at 44%.
Geopolitically, Russia, India, and China have just sent a powerful message westward: they are busy fine-tuning a complex trilateral strategy for setting up a network of economic corridors the Chinese call “new silk roads” across Eurasia. Beijing is also organizing a maritime version of the same, modeled on the feats of Admiral Zheng He who, in the Ming dynasty, sailed the “western seas” seven times, commanding fleets of more than 200 vessels.
Meanwhile, Moscow and Beijing are at work planning a new high-speed rail remix of the fabled Trans-Siberian Railroad. And Beijing is committed to translating its growing strategic partnership with Russia into crucial financial and economic help, if a sanctions-besieged Moscow, facing a disastrous oil price war, asks for it.
To China’s south, Afghanistan, despite the 13-year American war still being fought there, is fast moving into its economic orbit, while a planned China-Myanmar oil pipeline is seen as a game-changing reconfiguration of the flow of Eurasian energy across what I’ve long called Pipelineistan.
And this is just part of the frenetic action shaping what the Beijing leadership defines as the New Silk Road Economic Belt and the Maritime Silk Road of the twenty-first century. We’re talking about a vision of creating a potentially mind-boggling infrastructure, much of it from scratch, that will connect China to Central Asia, the Middle East, and Western Europe. Such a development will include projects that range from upgrading the ancient silk road via Central Asia to developing a Bangladesh-China-India-Myanmar economic corridor; a China-Pakistan corridor through Kashmir; and a new maritime silk road that will extend from southern China all the way, in reverse Marco Polo fashion, to Venice.
Don’t think of this as the twenty-first-century Chinese equivalent of America’s post-World War II Marshall Plan for Europe, but as something far more ambitious and potentially with a far vaster reach.
Complete story at - Tomgram: Pepe Escobar, Inside China's "New Normal" | TomDispatch
Saturday, November 15, 2014
Putin Defies The West, Leads BRICS Alliance Away From NWO Reservation
NoBC4U Note: A few longer reads today. Though I'm not sure I agree with a few things in this article, there's nothing wrong with my ideas being challenged. Over time, I might come to agree with them. Or not. Time will tell.
Why is the Anglo-American Axis so afraid of Putin and determined to bring him down?
No world leader has been so demonized by the West over the past decade as President Vladimir Putin of Russia has.
No other president or prime minister has been subjected to so many outrageous personal attacks and unrelenting false accusations.
Clearly, Vladimir Putin represents a genuine threat to the World Shadow Government (WSG) in a way that profoundly unnerves those who reside at the peak of the global power pyramid.
Why are they so afraid of him?
Before that question can be answered, the hidden history of the preplanned collapse of the USSR must first be understood and properly considered. Only by understanding the true historical context in which Vladimir Putin operated at that time will his actions and pronouncements of today take on great meaning. This unknown history is also quite important if one is to comprehend the reactions of his countless detractors throughout the leadership of the Anglo-American Axis (AAA). As follows:
ULTRA-SECRET DEAL MADE PRIOR TO THE ENGINEERED COLLAPSE OF THE USSR FOLLOWING THE FALL OF THE BERLIN WALL
One of the best kept secrets which predicated the inevitable collapse of Soviet communism and the subsequent breakup of the USSR is that it actually occurred in a manner not too unlike a carefully controlled demolition. Only in this case they were bankers and politicians, investment brokers and power-brokers who actually pressed the buttons. All of the plans toward that end were fastidiously laid by these stakeholders, all of whom had the greatest interest in exploiting the vast wealth of the Russian motherland.
The fall of the Berlin Wall and collapse of the USSR were not the spontaneous series of major events that the Mainstream Media (MSM) would have us believe. Neither was it the result of President Ronald Reagan’s request: “Mr. Gorbachev, Tear Down This Wall”; although his Hollywood background made for some great (and convincing) political theatre. “Perestroika” and “glasnost” were simply buzzwords bandied about to present the appearance of a fundamentally changed USSR. Yes, Russia did become liberalized especially in contrast to Soviet Communism, but only so it could be neo-liberalized by the banksters.
Complete story at - Putin Defies The West, Leads BRICS Alliance Away From NWO Reservation
Why is the Anglo-American Axis so afraid of Putin and determined to bring him down?
No world leader has been so demonized by the West over the past decade as President Vladimir Putin of Russia has.
No other president or prime minister has been subjected to so many outrageous personal attacks and unrelenting false accusations.
Clearly, Vladimir Putin represents a genuine threat to the World Shadow Government (WSG) in a way that profoundly unnerves those who reside at the peak of the global power pyramid.
Why are they so afraid of him?
Before that question can be answered, the hidden history of the preplanned collapse of the USSR must first be understood and properly considered. Only by understanding the true historical context in which Vladimir Putin operated at that time will his actions and pronouncements of today take on great meaning. This unknown history is also quite important if one is to comprehend the reactions of his countless detractors throughout the leadership of the Anglo-American Axis (AAA). As follows:
ULTRA-SECRET DEAL MADE PRIOR TO THE ENGINEERED COLLAPSE OF THE USSR FOLLOWING THE FALL OF THE BERLIN WALL
One of the best kept secrets which predicated the inevitable collapse of Soviet communism and the subsequent breakup of the USSR is that it actually occurred in a manner not too unlike a carefully controlled demolition. Only in this case they were bankers and politicians, investment brokers and power-brokers who actually pressed the buttons. All of the plans toward that end were fastidiously laid by these stakeholders, all of whom had the greatest interest in exploiting the vast wealth of the Russian motherland.
The fall of the Berlin Wall and collapse of the USSR were not the spontaneous series of major events that the Mainstream Media (MSM) would have us believe. Neither was it the result of President Ronald Reagan’s request: “Mr. Gorbachev, Tear Down This Wall”; although his Hollywood background made for some great (and convincing) political theatre. “Perestroika” and “glasnost” were simply buzzwords bandied about to present the appearance of a fundamentally changed USSR. Yes, Russia did become liberalized especially in contrast to Soviet Communism, but only so it could be neo-liberalized by the banksters.
Complete story at - Putin Defies The West, Leads BRICS Alliance Away From NWO Reservation
Saturday, November 8, 2014
It’s now total war against the BRICS — RT Op-Edge
by Pepe Escobar
Fasten your seat belts: the information war already unleashed against Russia is bound to expand to Brazil, India and China.
Brazil, Russia, India and China, as it’s widely known, are the top four members of the BRICS group of emerging powers, which also includes South Africa and will incorporate other Global South nations in the near future. The BRICS immensely annoy Washington – and its Think Tankland – as they embody the concerted Global South push towards a multipolar world.
Bottles of Crimean champagne could be bet that the US response to such a process couldn’t be but a sort of total information war - not dissimilar in spirit to the NSA’s deep state Total Information Awareness (TIA), a crucial element of the Pentagon’s Full Spectrum Dominance doctrine. The BRICS are seen as a major threat – so to counteract them implies domination of the information grid.
Vladimir Davydov, director of the Russian Academy of Sciences' Institute of Latin America, was spot on when he remarked, “The current situation shows that there are attempts to suppress not only Russia but also the BRICS given that the global role of this association has only intensified.”
Russia demonization has quickly escalated in the US from sanctions related to Ukraine to Putin as the “new Hitler” and the resurrection of the time-tested Cold War scare “The Russians are coming”.
In the case of Brazil the information war already started way before the reelection of President Dilma Rousseff. As much as Wall Street and its local comprador elites were doing everything to tank what they define as a “statist” economy, Dilma was also personally demonized.
Complete story at - It’s now total war against the BRICS — RT Op-Edge
Fasten your seat belts: the information war already unleashed against Russia is bound to expand to Brazil, India and China.
Brazil, Russia, India and China, as it’s widely known, are the top four members of the BRICS group of emerging powers, which also includes South Africa and will incorporate other Global South nations in the near future. The BRICS immensely annoy Washington – and its Think Tankland – as they embody the concerted Global South push towards a multipolar world.
Bottles of Crimean champagne could be bet that the US response to such a process couldn’t be but a sort of total information war - not dissimilar in spirit to the NSA’s deep state Total Information Awareness (TIA), a crucial element of the Pentagon’s Full Spectrum Dominance doctrine. The BRICS are seen as a major threat – so to counteract them implies domination of the information grid.
Vladimir Davydov, director of the Russian Academy of Sciences' Institute of Latin America, was spot on when he remarked, “The current situation shows that there are attempts to suppress not only Russia but also the BRICS given that the global role of this association has only intensified.”
Russia demonization has quickly escalated in the US from sanctions related to Ukraine to Putin as the “new Hitler” and the resurrection of the time-tested Cold War scare “The Russians are coming”.
In the case of Brazil the information war already started way before the reelection of President Dilma Rousseff. As much as Wall Street and its local comprador elites were doing everything to tank what they define as a “statist” economy, Dilma was also personally demonized.
Complete story at - It’s now total war against the BRICS — RT Op-Edge
Thursday, November 6, 2014
Russian news: Brazil Disses the US, Reelects pro-BRICS Rousseff - Russia Insider
The successful reelection of Dilma Rousseff to the presidency of Brazil on Sunday, October 26th, will undoubtedly give a boost not only to Russian-Brazil relations but also to the BRICS Development Bank and to the emergence of multipolar world more generally. Whereas the US media has for the most part tacitly supported the center-right candidate Alécio Neves while warning that a Rousseff reelection will strongly harm international investments in Brazil, Brazilians have decided to vote for who they believed would best serve their best interest and granted Dilma Rousseff 51.6% of the vote.
While Neves was supportive of stronger ties with the US and did not voice support for the new BRICS Development Bank that stands as an alternative, however modest, to the International Monetary Fund, Rousseff has shown that she is not fearful of expressing Brazil’s independent voice in the international arena. Following the tapping of her private conversations by the United States National Security Agency, Rousseff canceled her trip to the United States in September 2013. Trade with the US on defense and energy had also declined. In her speeches in the United Nations in 2013 and 2014, Rousseff warned against US hubris and its meddling in other countries affairs.
It may be interesting to note that Rousseff was not fearful of taking a strong position after Brazil’s trust in the US was violated, arguing that such behavior should not be carried out by partners, much as Russia did not hesitate to take strong actions following the US support for fascist groups who carried out the coup in Kiev.
While some Western pundits were hoping that following the annexation of the Crimea, Russia would become isolated and forced to surrender to US dictates, not only did cooperation among BRICS nations increase (leading to the formation of the BRICS Development Bank), but President Putin is now viewed in the developing world as a courageous leader who has the stamina to stand up to Western bullying despite the immense economic leverage the US carries.
Complete story at - Russian news: Brazil Disses the US, Reelects pro-BRICS Rousseff - Russia Insider
While Neves was supportive of stronger ties with the US and did not voice support for the new BRICS Development Bank that stands as an alternative, however modest, to the International Monetary Fund, Rousseff has shown that she is not fearful of expressing Brazil’s independent voice in the international arena. Following the tapping of her private conversations by the United States National Security Agency, Rousseff canceled her trip to the United States in September 2013. Trade with the US on defense and energy had also declined. In her speeches in the United Nations in 2013 and 2014, Rousseff warned against US hubris and its meddling in other countries affairs.
It may be interesting to note that Rousseff was not fearful of taking a strong position after Brazil’s trust in the US was violated, arguing that such behavior should not be carried out by partners, much as Russia did not hesitate to take strong actions following the US support for fascist groups who carried out the coup in Kiev.
While some Western pundits were hoping that following the annexation of the Crimea, Russia would become isolated and forced to surrender to US dictates, not only did cooperation among BRICS nations increase (leading to the formation of the BRICS Development Bank), but President Putin is now viewed in the developing world as a courageous leader who has the stamina to stand up to Western bullying despite the immense economic leverage the US carries.
Complete story at - Russian news: Brazil Disses the US, Reelects pro-BRICS Rousseff - Russia Insider
Wednesday, October 1, 2014
The Beginning of World Shift , by Thierry Meyssan
The Shanghai Cooperation Organization will represent, from its probable extension in September 2014, 40% of world population.
The offensive led by Anglos-Saxons (USA, UK and Israel) for world domination continues on two lines simultaneously: both the creation of the "Greater Middle East" (Greater Middle East) by attacking simultaneously Iraq, Syria, Lebanon and Palestine, and separating Russia from the European Union through the crisis they organised in Ukraine.
In this sprint, it seems that Washington wants to impose the dollar as the single currency in the gas market, the energy source of the twenty-first century, the way it imposed it on the oil [1] market. The Western media hardly cover the war in Donbass and their population is ignorant of the scale of the fighting, the US military presence, the number of civilian casualties, the wave of refugees. On the other hand, Western media have a delayed reaction to events in North Africa and the Levant, presenting them either as the result of a so-called "Arab Spring" (that is to say, in practice, a takeover by the Muslim Brotherhood), or as the destructive effect of a civilization which is inherently violent. More than ever, it is necessary to help the Arabs who are incapable of living peacefully in the absence of Western settlers.
Russia is now the leading power capable of leading the resistance to Anglo-Saxon imperialism. It has three tools: BRICS, an alliance of economic rivals who know they can not grow up without one another, the Shanghai Cooperation Organization, a strategic alliance with China to stabilize Central Asia and finally, the Organization for Collective Security Treaty, a military alliance of former Soviet states.
At the Fortaleza Summit (Brazil), which was held from July 14 to 16, BRICS took the plunge and announced the creation of a monetary reserve fund (mainly Chinese) and a BRICS Bank as alternatives to the International Monetary Fund and the World Bank, the dollar system [2].
Even before this announcement, the Anglo-Saxons had established their answer: the transformation of the Al-Qaeda terrorist network in order to prepare unrest among all Muslim peoples of Russia and China. [3] They continued their offensive in Syria and spilled over the borders both in Iraq and in Lebanon. They failed however to expel part of the Palestinians to Egypt and to destabilize the region even more deeply. Finally, they keep away from Iran to give President Hassan Rohani a chance to weaken the power of the anti-imperialist Khomeinists.
Complete story at - The Beginning of World Shift , by Thierry Meyssan
Wednesday, September 24, 2014
Divide and Conquer in Latin America: Sabotaging BRICS in 'our backyard' -- Puppet Masters -- Sott.net
Since the beginning of the Western-engineered crisis in Ukraine, the world has been bombarded with propaganda about how Evil Russia is. Yet, despite what we're all being asked to believe, there was no "Russian invasion", MH17 was not shot down by Russia, and Ukraine has de facto split in two. While these manipulated events on Russia's borders grab the headlines, let's take a look at what is going on behind the scenes in "America's backyard", as John Kerry shamelessly described Latin America in April this year.
The century-long pretense upheld by American leaders that their country is a Republic is betrayed by Kerry's imperious language, and he obviously needs diplomacy (not to mention geography) lessons. Besides, he was clearly referring to Latin America, even though, technically, the US is also part of the "Western Hemisphere".
Anyway, you've also probably heard about President Putin's visit to Latin America and the BRICS's Summit in Brazil. The existential danger that BRICS presents for the Western 'elite' is obvious; the alliance between Brazil, Russia, India, China and South Africa represents a serious political and economic alternative to the current US system of global hegemony. And it's growing, with countries like Argentina, Venezuela, Iran, Mongolia, Malaysia and others interested in joining. Currently, BRICS represents almost half of the world population and close to a third of the global GDP.
This is what Vladimir Putin had to say during an interview regarding BRICS before the Summit:
Complete story at - Divide and Conquer in Latin America: Sabotaging BRICS in 'our backyard' -- Puppet Masters -- Sott.net
The century-long pretense upheld by American leaders that their country is a Republic is betrayed by Kerry's imperious language, and he obviously needs diplomacy (not to mention geography) lessons. Besides, he was clearly referring to Latin America, even though, technically, the US is also part of the "Western Hemisphere".
Anyway, you've also probably heard about President Putin's visit to Latin America and the BRICS's Summit in Brazil. The existential danger that BRICS presents for the Western 'elite' is obvious; the alliance between Brazil, Russia, India, China and South Africa represents a serious political and economic alternative to the current US system of global hegemony. And it's growing, with countries like Argentina, Venezuela, Iran, Mongolia, Malaysia and others interested in joining. Currently, BRICS represents almost half of the world population and close to a third of the global GDP.
This is what Vladimir Putin had to say during an interview regarding BRICS before the Summit:
The modern world is indeed multipolar, complex, and dynamic - this is objective reality. Any attempts to create a model of international relations where all decisions are made within a single 'pole' are ineffective, malfunction regularly, and are ultimately set to fail.
Those are the reasons why the interaction format proposed by Russia for such influential states such as the BRICS members has proved to be needed. Our joint efforts have contributed to enhancing predictability and sustainability in international relations.
I believe it is time to raise the BRICS' role to a new level and to make our association an unalienable part of the global management system for sustainable development.
Complete story at - Divide and Conquer in Latin America: Sabotaging BRICS in 'our backyard' -- Puppet Masters -- Sott.net
Wednesday, August 13, 2014
Modi leads India to the Silk Road - Rediff.com India News
With Beijing having had a profound rethink on India's admission as a full member of the Shanghai Cooperation Organisation, the tectonic plates of the geopolitics of a massive swathe of the planet stretching from the Asia-Pacific to West Asia are dramatically shifting.
That grating noise in the Central Asian steppes will be heard far and wide -- as far as North America, says Ambassador M K Bhadrakumar.
On the face of it, China has so far been reluctant about India's admission as a full member of the Shanghai Cooperation Organisation.
According to latest reports, Beijing has had a profound rethink.
At the SCO foreign ministers meeting last Thursday in Dushanbe, Tajikistan, a decision has been taken that the grouping will formally invite India, Pakistan, Iran and Mongolia as members at its next summit in September.
To be sure, Russia would be immensely pleased. A Moscow pundit promptly estimated that India's admission into the SCO will pave the way for the grouping to hold itself out as a 'centre of power in world politics.'
Make no mistake, the tectonic plates of the geopolitics of a massive swathe of the planet stretching from the Asia-Pacific to West Asia are dramatically shifting and that grating noise in the Central Asian steppes will be heard far and wide -- as far as North America.
The big question remains: What made China shift its stance?
We know that at the 90-minute meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping in Fortaleza, Brazil, on the sidelines of the recent BRICS summit, the subject of India's role in the SCO did come up.
Several reasons could be attributed to the 'new thinking' in Beijing. First and foremost, China may sense that under Modi's leadership, India is all set to pursue a genuinely independent foreign policy.
The idea of an 'independent foreign policy' has been a cliche in Indian discourses and has been bandied about cavalierly by many governments in India.
Complete story at - Modi leads India to the Silk Road - Rediff.com India News
That grating noise in the Central Asian steppes will be heard far and wide -- as far as North America, says Ambassador M K Bhadrakumar.
On the face of it, China has so far been reluctant about India's admission as a full member of the Shanghai Cooperation Organisation.
According to latest reports, Beijing has had a profound rethink.
At the SCO foreign ministers meeting last Thursday in Dushanbe, Tajikistan, a decision has been taken that the grouping will formally invite India, Pakistan, Iran and Mongolia as members at its next summit in September.
To be sure, Russia would be immensely pleased. A Moscow pundit promptly estimated that India's admission into the SCO will pave the way for the grouping to hold itself out as a 'centre of power in world politics.'
Make no mistake, the tectonic plates of the geopolitics of a massive swathe of the planet stretching from the Asia-Pacific to West Asia are dramatically shifting and that grating noise in the Central Asian steppes will be heard far and wide -- as far as North America.
The big question remains: What made China shift its stance?
We know that at the 90-minute meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping in Fortaleza, Brazil, on the sidelines of the recent BRICS summit, the subject of India's role in the SCO did come up.
Several reasons could be attributed to the 'new thinking' in Beijing. First and foremost, China may sense that under Modi's leadership, India is all set to pursue a genuinely independent foreign policy.
The idea of an 'independent foreign policy' has been a cliche in Indian discourses and has been bandied about cavalierly by many governments in India.
Complete story at - Modi leads India to the Silk Road - Rediff.com India News
Monday, July 28, 2014
The 4th Media » BRICS against Washington Consensus: Death Sentence for the Neoliberalism?
by Pepe Escobar
The headline news is that this Tuesday in Fortaleza, northeast Brazil, the BRICS group of emerging powers (Brazil, Russia, India, China, South Africa) fights the (Neoliberal) World (Dis) Order via a new development bank and a reserve fund set up to offset financial crises.
The devil, of course, is in the details of how they'll do it.
It's been a long and winding road since Yekaterinburg in 2009, at their first summit, up to the BRICS's long-awaited counterpunch against the Bretton Woods consensus - the IMF and the World Bank - as well as the Japan-dominated (but largely responding to US priorities) Asian Development Bank (ADB).
The BRICS Development Bank - with an initial US $ 50 billion in capital - will be not only BRICS-oriented, but invest in infrastructure projects and sustainable development on a global scale. The model is the Brazilian BNDES, which supports Brazilian companies investing across Latin America. In a few years, it will reach a financing capacity of up to $ 350 billion.
With extra funding especially from Beijing and Moscow, the new institution could leave the World Bank in the dust. Compare access to real capital savings to US government's printed green paper with no collateral.
And then there's the agreement establishing a $100 billion pool of reserve currencies - the Contingent Reserve Arrangement (CRA), described by Russian Finance Minister Anton Siluanov as "a kind of mini-IMF". That's a non-Washington consensus mechanism to counterpunch capital flight. For the pool, China will contribute with $ 41 billion, Brazil, India and Russia with $ 18 billion each, and South Africa with $ 5 billion.
Complete story at - The 4th Media »BRICS Against Washington Consensus: Death Sentence for the Neoliberalism?
The headline news is that this Tuesday in Fortaleza, northeast Brazil, the BRICS group of emerging powers (Brazil, Russia, India, China, South Africa) fights the (Neoliberal) World (Dis) Order via a new development bank and a reserve fund set up to offset financial crises.
The devil, of course, is in the details of how they'll do it.
It's been a long and winding road since Yekaterinburg in 2009, at their first summit, up to the BRICS's long-awaited counterpunch against the Bretton Woods consensus - the IMF and the World Bank - as well as the Japan-dominated (but largely responding to US priorities) Asian Development Bank (ADB).
The BRICS Development Bank - with an initial US $ 50 billion in capital - will be not only BRICS-oriented, but invest in infrastructure projects and sustainable development on a global scale. The model is the Brazilian BNDES, which supports Brazilian companies investing across Latin America. In a few years, it will reach a financing capacity of up to $ 350 billion.
With extra funding especially from Beijing and Moscow, the new institution could leave the World Bank in the dust. Compare access to real capital savings to US government's printed green paper with no collateral.
And then there's the agreement establishing a $100 billion pool of reserve currencies - the Contingent Reserve Arrangement (CRA), described by Russian Finance Minister Anton Siluanov as "a kind of mini-IMF". That's a non-Washington consensus mechanism to counterpunch capital flight. For the pool, China will contribute with $ 41 billion, Brazil, India and Russia with $ 18 billion each, and South Africa with $ 5 billion.
Complete story at - The 4th Media »BRICS Against Washington Consensus: Death Sentence for the Neoliberalism?
Saturday, July 26, 2014
The 4th Media » Faced with the US-led Western Freeze-Out, BRICS Bank Is a Coup for Russia
Top of the agenda at the sixth summit of the BRICS developing nations beginning Tuesday is the founding of two multilateral financial institutions designed to erode the dominance of the World Bank and International Monetary Fund as arbiters of the global economic system.
For Russia, the creation of a $100 billion BRICS development bank and a reserve currency fund worth another $100 billion is a political coup. Just as the West freezes Russia out of its own economic system as punishment for its politics in Ukraine, Russia is tying itself into the financial superstructure of the next generation of economic heavyweights: India, Brazil, China and South Africa.
The World Bank and the IMF have come under criticism from the rapidly developing BRICS, who together account for 20 percent of global GDP and 40 percent of the world’s population. In their view, the two financial institutions are dominated by the rich nations of the G7 and attach stringent conditions to their lending that impinge on the economic sovereignty of its members.
Far from assuaging their complaints, efforts to reform the 70-year-old institutions have stalled. Proposed updates to the IMF that would grant increased influence to developing economies have been languishing in the U.S. Congress since 2010 and were blocked once again in April.
If the framework agreements due to be signed at the BRICS summit in Fortaleza, Brazil, are ratified at home, the new bank and the reserve fund could ease some problems for the BRICS countries. U.S. tightening of the dollar supply starting last year has caused a wave of crises in developing nations as the cash inflows of the past decade begin to reverse themselves.
Meanwhile, the World Bank estimates the annual need for infrastructure investment in low- and middle-income nations at $1 trillion dollars and rising — far beyond its own capacity. The World Bank reports that it gave out $52.6 billion in 2013, not all of which went to infrastructure projects.
Complete story at - The 4th Media » Faced with the US-led Western Freeze-Out, BRICS Bank Is a Coup for Russia
For Russia, the creation of a $100 billion BRICS development bank and a reserve currency fund worth another $100 billion is a political coup. Just as the West freezes Russia out of its own economic system as punishment for its politics in Ukraine, Russia is tying itself into the financial superstructure of the next generation of economic heavyweights: India, Brazil, China and South Africa.
The World Bank and the IMF have come under criticism from the rapidly developing BRICS, who together account for 20 percent of global GDP and 40 percent of the world’s population. In their view, the two financial institutions are dominated by the rich nations of the G7 and attach stringent conditions to their lending that impinge on the economic sovereignty of its members.
Far from assuaging their complaints, efforts to reform the 70-year-old institutions have stalled. Proposed updates to the IMF that would grant increased influence to developing economies have been languishing in the U.S. Congress since 2010 and were blocked once again in April.
If the framework agreements due to be signed at the BRICS summit in Fortaleza, Brazil, are ratified at home, the new bank and the reserve fund could ease some problems for the BRICS countries. U.S. tightening of the dollar supply starting last year has caused a wave of crises in developing nations as the cash inflows of the past decade begin to reverse themselves.
Meanwhile, the World Bank estimates the annual need for infrastructure investment in low- and middle-income nations at $1 trillion dollars and rising — far beyond its own capacity. The World Bank reports that it gave out $52.6 billion in 2013, not all of which went to infrastructure projects.
Complete story at - The 4th Media » Faced with the US-led Western Freeze-Out, BRICS Bank Is a Coup for Russia
Tuesday, June 10, 2014
Trickle down has not worked to lift BRICS poor out of poverty | The BRICS Post
The concept that the benefits of high economic growth will trickle down to lift the poor of the BRICS countries out of poverty has not worked, as the money making machine that is the foundation of economic relations is designed to funnel cash to the few rich rather than the mass of poor, Nobel Peace Prize winner Muhammad Yunus, told The BRICS Post in an exclusive interview on the sidelines of the Seventh Astana Economic Forum in Kazakhstan.
“There is a fundamental flaw in the system as it makes the pursuit of money the be-all and end-all. It makes money, not people, the centre of its value system. Money is inherently neither good nor bad, but it is the pursuit of money that can lead to corruption and moral compromises. Trickle down was supposed to work, but without the redistribution of income via taxes and social grants such as the Familia Bolsa in Brazil or the child support grants in South Africa, income inequality would be far worse. Those support programmes have a place, but they are mere palliatives. What we need is to create social businesses that provide jobs and income in a sustainable way,” he said.
Yunus is a Bangladeshi social entrepreneur, banker, economist and civil society leader who was awarded the 2006 Nobel Peace Prize for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance to those that traditional banks deemed not credit-worthy. The microloans are not intended to help families survive until the next payday, but rather to fund entrepreneurs who create businesses and thereby employment.
Yunus was at pains to stress that these loans are not interest-free, a common misconception when the media writes about the Grameen Bank and its various international offshoots.
“The whole idea is that the business has to be sustainable, so it needs to cover both its cost of capital and the cost of the staff and infrastructure. As a rule of thumb that means the cost of capital and a margin of ten per cent. In Bangladesh we charge 20 per cent. Grant money is appreciated as seed money, but in order to be sustainable and replicable, we need to be self-funding over time,” he said.
Complete story at - Trickle down has not worked to lift BRICS poor out of poverty | The BRICS Post
“There is a fundamental flaw in the system as it makes the pursuit of money the be-all and end-all. It makes money, not people, the centre of its value system. Money is inherently neither good nor bad, but it is the pursuit of money that can lead to corruption and moral compromises. Trickle down was supposed to work, but without the redistribution of income via taxes and social grants such as the Familia Bolsa in Brazil or the child support grants in South Africa, income inequality would be far worse. Those support programmes have a place, but they are mere palliatives. What we need is to create social businesses that provide jobs and income in a sustainable way,” he said.
Yunus is a Bangladeshi social entrepreneur, banker, economist and civil society leader who was awarded the 2006 Nobel Peace Prize for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance to those that traditional banks deemed not credit-worthy. The microloans are not intended to help families survive until the next payday, but rather to fund entrepreneurs who create businesses and thereby employment.
Yunus was at pains to stress that these loans are not interest-free, a common misconception when the media writes about the Grameen Bank and its various international offshoots.
“The whole idea is that the business has to be sustainable, so it needs to cover both its cost of capital and the cost of the staff and infrastructure. As a rule of thumb that means the cost of capital and a margin of ten per cent. In Bangladesh we charge 20 per cent. Grant money is appreciated as seed money, but in order to be sustainable and replicable, we need to be self-funding over time,” he said.
Complete story at - Trickle down has not worked to lift BRICS poor out of poverty | The BRICS Post
Wednesday, May 14, 2014
Ukraine Crisis Accelerating the Restructuring of the World
The Ukrainian crisis has not radically changed the international situation but it has precipitated ongoing developments. Western propaganda, which has never been stronger, especially hides the reality of Western decline to the populations of NATO, but has no further effect on political reality. Inexorably, Russia and China, assisted by the other BRICS, occupy their rightful place in international relations.
.....
The Ukrainian crisis has highlighted the magnitude of Western public opinion manipulation by major media, TV channels like CNN, Foxnews, Euronews and many others as well as the entire printed press powered by Western news agencies. The manner in which the Western public is misinformed is impressive, yet it is easy to have access to a wealth of information on all sides. It is very worrying to see how many citizens of the world are being lured into a russophobia never seen even in the worst moments of the Cold War. The image that enters the collective unconscious through the powerful Western media machine is that Russians are "barbaric and backward" compared to the Western "civilized" world. The very important speech that Vladimir Putin delivered on March 18, after the referendum in Crimea, was literally boycotted by Western media [1], as they alotted a large place to Western reactions, all negative of course. However, in his speech Putin explained that the crisis in Ukraine was not triggered by Russia and he presented, with great rationality, Russia’s position and the legitimate strategic interests of his country in the post- ideological conflict.
Humiliated by its treatment by the West since 1989, Russia woke up with Putin and began to reconnect with a great power policy by trying to reconstruct the lines of the traditional historical strength of Tsarist Russia and the Soviet Union. Geography often controls strategy. Having lost much of its "historical territories", in the words of Putin and his Russian and non-Russian population, Russia has set a great national and patriotic project for recovering its superpower status of "global" actor by first securing the safety of its land and sea borders. This is exactly what the West wants to prevent in its unipolar worldview. Good chess player that he is, Putin is several moves ahead thanks to a deep knowledge of history, the real world and the aspirations of a large part of the population of the territories formerly controlled by the Soviet Union. He knows the European Union to perfection, its divisions and weaknesses, the real military capability of NATO and the state of Western public opinion reluctant to see an increase in military spending in times of economic recession. Unlike the European Commission, whose project coincides with that of the United States to strengthen the Euro-Atlantic political-economic-military bloc, European citizens in their majority do not seek more eastward enlargement of the EU, neither with Ukraine nor with Georgia, nor with any other country of the former Soviet Union.
With its posturing and its threats of sanctions, the EU, slavishly aligned with Washington, shows that it is powerless to "punish" Russia seriously. Its actual weight is not up to its ambitions always proclaimed to shape the world in its image. The very responsive and malicious Russian government applies "gradual ripostes," deriding Western punitive measures. Putin, haughty, even allows himself the luxury of announcing that he will open an account at the Rossyia Bank of New York to deposit his salary! He has not yet mentioned limiting the supply of gas to Ukraine and Western Europe but everyone knows he has this card in hand, which has already forced the Europeans to think about a complete reorganization of their energy supply, which will take years to materialize.
Western Errors and divisions put Russia in a position of strength. Putin enjoys exceptional popularity in his country and in the Russian communities in neighboring countries, and we can be sure that his intelligence services have penetrated deeply into countries formerly controlled by the Soviet Union, abundantly supplying first-hand information on internal power balances. Its diplomatic apparatus gives strong arguments to remove the monopoly of interpretation of international law from the "West", particularly on the thorny issue of self-determination. As might be expected, Putin does not hesitate to cite the precedent of Kosovo to vilify the double standards of the West, its inconsistencie , and the destabilizing role it played in the Balkans.
Complete story at - Ukraine Crisis Accelerating the Restructuring of the World
.....
The Ukrainian crisis has highlighted the magnitude of Western public opinion manipulation by major media, TV channels like CNN, Foxnews, Euronews and many others as well as the entire printed press powered by Western news agencies. The manner in which the Western public is misinformed is impressive, yet it is easy to have access to a wealth of information on all sides. It is very worrying to see how many citizens of the world are being lured into a russophobia never seen even in the worst moments of the Cold War. The image that enters the collective unconscious through the powerful Western media machine is that Russians are "barbaric and backward" compared to the Western "civilized" world. The very important speech that Vladimir Putin delivered on March 18, after the referendum in Crimea, was literally boycotted by Western media [1], as they alotted a large place to Western reactions, all negative of course. However, in his speech Putin explained that the crisis in Ukraine was not triggered by Russia and he presented, with great rationality, Russia’s position and the legitimate strategic interests of his country in the post- ideological conflict.
Humiliated by its treatment by the West since 1989, Russia woke up with Putin and began to reconnect with a great power policy by trying to reconstruct the lines of the traditional historical strength of Tsarist Russia and the Soviet Union. Geography often controls strategy. Having lost much of its "historical territories", in the words of Putin and his Russian and non-Russian population, Russia has set a great national and patriotic project for recovering its superpower status of "global" actor by first securing the safety of its land and sea borders. This is exactly what the West wants to prevent in its unipolar worldview. Good chess player that he is, Putin is several moves ahead thanks to a deep knowledge of history, the real world and the aspirations of a large part of the population of the territories formerly controlled by the Soviet Union. He knows the European Union to perfection, its divisions and weaknesses, the real military capability of NATO and the state of Western public opinion reluctant to see an increase in military spending in times of economic recession. Unlike the European Commission, whose project coincides with that of the United States to strengthen the Euro-Atlantic political-economic-military bloc, European citizens in their majority do not seek more eastward enlargement of the EU, neither with Ukraine nor with Georgia, nor with any other country of the former Soviet Union.
With its posturing and its threats of sanctions, the EU, slavishly aligned with Washington, shows that it is powerless to "punish" Russia seriously. Its actual weight is not up to its ambitions always proclaimed to shape the world in its image. The very responsive and malicious Russian government applies "gradual ripostes," deriding Western punitive measures. Putin, haughty, even allows himself the luxury of announcing that he will open an account at the Rossyia Bank of New York to deposit his salary! He has not yet mentioned limiting the supply of gas to Ukraine and Western Europe but everyone knows he has this card in hand, which has already forced the Europeans to think about a complete reorganization of their energy supply, which will take years to materialize.
Western Errors and divisions put Russia in a position of strength. Putin enjoys exceptional popularity in his country and in the Russian communities in neighboring countries, and we can be sure that his intelligence services have penetrated deeply into countries formerly controlled by the Soviet Union, abundantly supplying first-hand information on internal power balances. Its diplomatic apparatus gives strong arguments to remove the monopoly of interpretation of international law from the "West", particularly on the thorny issue of self-determination. As might be expected, Putin does not hesitate to cite the precedent of Kosovo to vilify the double standards of the West, its inconsistencie , and the destabilizing role it played in the Balkans.
Complete story at - Ukraine Crisis Accelerating the Restructuring of the World
Tuesday, May 13, 2014
BRICS creating parallel Monetary Fund disillusioned with IMF and World Bank - expert - The Voice of Russia:
Frustrated by the IMF and World Bank controversial policy, the BRICS nations go on creating the alternative financial supranational institutions for emerging economies. In recent years the IMF has discredited itself, becoming a completely politicized and "odd" structure, which supports interventionist "super state" ambitions of the EU and the US, stresses Patrick L Young, an expert in global financial markets, referring to the ongoing events in Ukraine.
Brazil, Russia, India, China and South Africa are fed up with the US failure to ratify a four-year-old agreement aimed at reforming the IMF system. Thus the post war consensus on financing bodies appears to be breaking down, writes the expert in his RT Op-Ed ‘BRICS building parallel IMF.’
"The US and Europe have maintained a stranglehold on the IMF/World Bank C-suite not only in the face of a massive eastern renaissance but also with a certain degree of abject hypocrisy given the abysmal financial management of spendthrift US governments for decades let alone the travesty of recent European economic governance," he notes.
According to Patrick Young the IMF is gradually losing its significance as an international financial arbiter. First Dominique Strauss-Kahn and then Christine Lagarde have been entrapped by the "flawed policies of big debt and big government," utterly ruinous for the European economy.
"During recent European bailout negotiations, IMF minutes suggest the political classes managed to ride roughshod over the IMF in order to maintain the flawed (and still crumbling) euro currency at all costs. In that sense, having a weak European with ambitions for higher political office makes a mockery of the idea that the International Monetary Fund is anything more than an overdraft facility to be rigged in favor of perceived western political interests," Patrick L Young explains, adding, "No wonder the rising East is disillusioned."
Complete story at - BRICS creating parallel Monetary Fund disillusioned with IMF and World Bank - expert - The Voice of Russia:
Brazil, Russia, India, China and South Africa are fed up with the US failure to ratify a four-year-old agreement aimed at reforming the IMF system. Thus the post war consensus on financing bodies appears to be breaking down, writes the expert in his RT Op-Ed ‘BRICS building parallel IMF.’
"The US and Europe have maintained a stranglehold on the IMF/World Bank C-suite not only in the face of a massive eastern renaissance but also with a certain degree of abject hypocrisy given the abysmal financial management of spendthrift US governments for decades let alone the travesty of recent European economic governance," he notes.
According to Patrick Young the IMF is gradually losing its significance as an international financial arbiter. First Dominique Strauss-Kahn and then Christine Lagarde have been entrapped by the "flawed policies of big debt and big government," utterly ruinous for the European economy.
"During recent European bailout negotiations, IMF minutes suggest the political classes managed to ride roughshod over the IMF in order to maintain the flawed (and still crumbling) euro currency at all costs. In that sense, having a weak European with ambitions for higher political office makes a mockery of the idea that the International Monetary Fund is anything more than an overdraft facility to be rigged in favor of perceived western political interests," Patrick L Young explains, adding, "No wonder the rising East is disillusioned."
Complete story at - BRICS creating parallel Monetary Fund disillusioned with IMF and World Bank - expert - The Voice of Russia:
Thursday, May 8, 2014
The Global Financial Tsunami End Game: The Petro-Dollar Regime is Finished? | Global Research
I have written many articles on the Petro-Dollar being the lynch-pin of the US Dollar fiat money system and that once trade in oil is no longer denominated in the US Dollar, the bells will toll for the demise of the US Dollar and the global fiat money system. The renowned financial analyst and author, James Rickards has written two best sellers, “The Currency Wars” and now his latest, “The Death of Money”. And in his recent interview by Max Keiser, he explained that during the Cold War, the “M.A.D. Doctrine” (Mutually Assured Destruction) prevented a nuclear war between the two superpowers, the Soviet Union and the US, as if one superpower were to launch a pre-emptive first strike, there would be enough nuclear missiles remaining in the targeted superpower to retaliate with an equally devastating Second Strike.
In the last few months, we have witnessed a variation of the nuclear M.A.D. Doctrine and for which I have been warning for as long as I can remember but my ringing of the alarm bells have fell on deaf ears.
The “Financial Nuclear Weapon” (the sale of oil in a currency other than the US dollar) which was previously deployed by Saddam Hussein resulted in the total destruction of Iraq, but it failed to deter other countries pissed off with the highhandedness of the Global Policeman.
Libya made another attempt and it resulted in the destruction of the country and the brutal murder of its leader Muammar Gaddafi. Next was Iran. The US and the global financial war party found it much more difficult to isolate and annihilate Iran, even when she was threatened with outright nuclear attack by US and the rabid Israel. And in spite of unprecedented sanctions against Iran (which constitute economic warfare and are war crimes in itself), Iran stood defiant.
The leading members of BRICS (Brazil, Russia, India, China and South Africa) Russia and China restrained themselves so as to preserve global stability. However, the war party faction of the Obama regime (the leftovers of the Bush regime) took such restraint as weakness and went on a spree of regime change throughout the world to undermine the growing strength of BRICS.
Complete story at - The Global Financial Tsunami End Game: The Petro-Dollar Regime is Finished? | Global Research
In the last few months, we have witnessed a variation of the nuclear M.A.D. Doctrine and for which I have been warning for as long as I can remember but my ringing of the alarm bells have fell on deaf ears.
The “Financial Nuclear Weapon” (the sale of oil in a currency other than the US dollar) which was previously deployed by Saddam Hussein resulted in the total destruction of Iraq, but it failed to deter other countries pissed off with the highhandedness of the Global Policeman.
Libya made another attempt and it resulted in the destruction of the country and the brutal murder of its leader Muammar Gaddafi. Next was Iran. The US and the global financial war party found it much more difficult to isolate and annihilate Iran, even when she was threatened with outright nuclear attack by US and the rabid Israel. And in spite of unprecedented sanctions against Iran (which constitute economic warfare and are war crimes in itself), Iran stood defiant.
The leading members of BRICS (Brazil, Russia, India, China and South Africa) Russia and China restrained themselves so as to preserve global stability. However, the war party faction of the Obama regime (the leftovers of the Bush regime) took such restraint as weakness and went on a spree of regime change throughout the world to undermine the growing strength of BRICS.
Complete story at - The Global Financial Tsunami End Game: The Petro-Dollar Regime is Finished? | Global Research
Tuesday, April 22, 2014
Is the US or the World Coming to an End? -- Paul Craig Roberts - PaulCraigRoberts.org
2014 is shaping up as a year of reckoning for the United States.
Two pressures are building on the US dollar. One pressure comes from the Federal Reserve’s declining ability to rig the price of gold as Western gold supplies shrivel and market knowledge of the Fed’s illegal price rigging spreads. The evidence of massive amounts of naked shorts being dumped into the paper gold futures market at times of day when trading is thin is unequivocal. It has become obvious that the price of gold is being rigged in the futures market in order to protect the dollar’s value from QE.
The other pressure arises from the Obama regime’s foolish threats of sanctions on Russia. Other countries are no longer willing to tolerate Washington’s abuse of the world dollar standard. Washington uses the dollar-based international payments system to inflict damage on the economies of countries that resist Washington’s political hegemony.
Russia and China have had enough. As I have reported and as Peter Koenig reports here here Russia and China are disconnecting their international trade from the dollar. Henceforth, Russia will conduct its trade, including the sale of oil and natural gas to Europe, in rubles and in the currencies of its BRICS partners.
This means a big drop in the demand for US dollars and a corresponding drop in the dollar’s exchange value.
Complete story at - Is the US or the World Coming to an End? -- Paul Craig Roberts - PaulCraigRoberts.org
Two pressures are building on the US dollar. One pressure comes from the Federal Reserve’s declining ability to rig the price of gold as Western gold supplies shrivel and market knowledge of the Fed’s illegal price rigging spreads. The evidence of massive amounts of naked shorts being dumped into the paper gold futures market at times of day when trading is thin is unequivocal. It has become obvious that the price of gold is being rigged in the futures market in order to protect the dollar’s value from QE.
The other pressure arises from the Obama regime’s foolish threats of sanctions on Russia. Other countries are no longer willing to tolerate Washington’s abuse of the world dollar standard. Washington uses the dollar-based international payments system to inflict damage on the economies of countries that resist Washington’s political hegemony.
Russia and China have had enough. As I have reported and as Peter Koenig reports here here Russia and China are disconnecting their international trade from the dollar. Henceforth, Russia will conduct its trade, including the sale of oil and natural gas to Europe, in rubles and in the currencies of its BRICS partners.
This means a big drop in the demand for US dollars and a corresponding drop in the dollar’s exchange value.
Complete story at - Is the US or the World Coming to an End? -- Paul Craig Roberts - PaulCraigRoberts.org
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