BRICSA NATIONS CAPITALIZE THEIR DEVELOPMENT BANK AT $100 BILLION
We've been blogging over the past few years on this site about the development of the BRICSA entente cordial as a geopolitical counterweight to the waning political and moral capital of the West, and more importantly, as a response to post Cold War American unipolarism. As a component of our analysis here, I have pointed out that the BRICSA nations (Brazil, Russia, India, China, South Africa), in order to give this geopolitical bloc the teeth it needs, would have to develop a parallel financial structure, i.e., its own equivalents to the WTO, the IMF, and World Bank, and ultimately and more importantly, it would have eventually to compete with the West directly in the establishment of competitive international clearing.
With that in mind, and because you may have missed it, at the recent G-20 meeting, the BRICSA nations agreed to capitalize their development bank at $100 billion:
BRICS agree to capitalize development bank at $100bn
What is interesting about the picture at the top of this article is its suggestive nature: Russian President Vladimir Putin is in the center of the photo, flanked on his right by Indian premier Singh, and on the far right, Brazilian President Dilma Rouseff, and to his left by the leaders of the more authoritarian state of China, and then South Africa. The picture, in a way, is symbolic of the centrality of Russia to the BRICSA entente, and to the role that Putin has played in helping to create and shape the bloc.
It is the bank itself, however, with which we care concerned, and with its implications, of which, in my opinion, there are principally two.
In the first case, the bank's capitalization was formalized at a meeting of the G-20 which, by anyone's lights, highlighted just how badly the USA is becoming on the world stage. The USA's Syrian policy, as yet the most recent example of its post-9/11 unipolarism, did not find ready support. Even France and Germany backed off, and as we saw, the UK's House of Commons recently handed Prime Minister David Cameron a sound rebuke on any British support for a "punitive action" on Syria. The bottom line message was simply this: the hypocrisy is all too apparent, and the growing evidence that the whole incident in Damascus was a false flag to begin with is simply eroding the Western alliance. Against this backdrop, the BRICSA nations announced the capitalization of their bank.
Thus, I suspect one reason for doing so was to send its own geopolitical message, namely, that a mechanism was being agreed upon and established that could, if necessary, function as a means to bypass US dollar reserve status for international trade and clearing among the BRICSA nations and their allies and satellites, if the need arose. It was a subtle, and powerful, message to send in that context.
But in the second case, and beyond the message of "emergency mechanisms", there is a more long term goal that this bank represents, and that is that it is meant in some ways to be a competitor to the IMF and other such institutions. As such, it is also a way to leverage more influence for the BRICSA nations at the IMF. It will, I believe, be the principal development bank - increasingly so - for nations in South America, and more importantly, Africa, to turn to. The Chinese, as is now well known, have been pushing into Africa with infrastructure and development projects...
...and the USA's response?
Our "response" was typically shortsighted: our response was to establish a military command for Africa. In short, our response really offers nothing to that continent except the potential of more American intervention and bombs raining from the sky. And if the recent stupidity of a foreign policy intent upon intervening in order to create radical Islamicist regimes in previously authoritarian and secular states in the region is any indicator, the BRICSA nations will be at a profound advantage in that continent. Consider only the fact that none of the BRICSA nations are Muslim, a situation that is taylor-made for them to present themselves as looking out for the persecutions of Christians and other groups in trouble spots in Africa.
All this to say that the BRICSA nations are playing for keeps, and they are playing a very long term game, a game of "isolate and implode" the west, a game of calculated economic warfare. Small wonder, then, that the West, in response, has been pulling capital out of the developing world at a furious rate, and maneuvering carefully, planting the necessary memes about 3d printing and so on, before the unleash the capital for investment that they've been sitting on for years.
See you on the flip side.
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It was and still is for advocates of the Albert Pike ilk, to foment wars both within the ranks of Islam (Sunni v Shitte… “SS”?), and versus Israel.
The BRICSA development bank and its backers, are not separate from the above “ilk herd”.
The overriding agenda item is the single currency system.
Coupled with this, is centralized control of all commerce.
How is this achieved? By bringing the populations to their economic knees, along with being demoralized by wars.
This “ilk” know human nature. They know that by constantly hammering away at people on all fronts, people will give up and submit to a single solution, offered by a single leader.
This is the “umbrella agenda” covering everything, including the black-budget world of hidden, advanced technologies.
Sleep well tonight my friends…….
it was under Jimmy Carter, who was hospitalized in mental institutions (pre puppet president) that pulled American support for Rhodesia and started those dominoes falling. It should be noted that Rhodesia printed its own money and was known as the bread basket of Africa….
Youll always know them by there fruits and lack there of….no brains,
It is humorous watching it unravel….they never knew (how could they) how good they had it, until it was taken from them, by there own hand..
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Thank you Joseph. Great post. Nothing in the South African media BTW, little to nothing on the G20 or BRICS. I have to rely on articles like yours to inform my self as to the whys and wherefores of my own country’s standing with BRICS. I am passing it on to all the skeptics who cannot see the full implications of this. And yes, AFRICOM scares the living daylights out of me!
Interestingly Anatoliy Golitsyn ex KGB defector predicted this some 40 odd years ago.
“A game of “isolate and implode” the west.”
He mentioned that global communism would create a staged deception of economic liberalization and democratic reforms, Europe would become a socialist state and the US would be over stretched and isolated.
It’s of note that ex Polish president Lech Kaczyński was an anti communist dissenter and that he and his entire cabinet and heads of the military ‘died’ mysteriously in a plane crash over Russia. While his successor’s strategist Andrzej Karkoszka is a known communist collaborator.
It’s not insignificant that ex KGB Putin is president and that the Eastern European nations never dismantled their communist secret services and many socialists are current political leaders. While those that didn’t tow the line, like Milosevic and Macedonian president Boris Trajkovski (another anti communist) are dead.
Interestingly Germany seems to be aware of the game and is now putting in an extradition request for Josip Perkovic, retired Croatian secret service official (ex communist spy master) for the murder of a Croatian in Germany in the 80s.
So the BRICAS nations getting everything in order to checkmate the Anglo-American strangle hold on the world’s economies. It’s about time these highwaymen were finally stopped they and other European powers have been plundering, raping, and killing for centuries. I hope the BRICAS succeed in their plans and ease the burdens placed on the world since at least the end of WW 2. By the way if you don’t see me post any comments as of Monday for awhile it’s because I have to take my computer to have repaired. I have been forced to use the CD-DVD controls to turn it on.
I forgot to add did anyone look at GPS today on CNN the host F.F. ask a question today where is Damascus guess how many in the Pentagon gave the right answer 57%. You Mr. Farrell wouldn’t be surprised and one fear to ask how many at the State Department could answer the question. And these ignoramuses what to rule the world. You will only get the full horror of this if you see the video so go to http:// http://www.cnn.com/farreed to view it.
For all its flaws the Bretton Woods Plan did have constrints on capital flows that led to a worlwide economic period of growth. But the City of London found a mechanism to go offshore & off the books in about 1955 through the Bank of Midland. The Bank of England enabled them, and the unravelling began. Wall Stret used this as a Great escape from the U.S. capital controls.
But, of couse, there is a deeper story.
basically money grows on trees and the newest spawns of satan will enjoy spending it.
Bretton Woods did work, after a fashion. Until August 1971 when Nixon decided that currencies want to be free, like information, and tossed the gold standard out the window.
Anyone could have seen the eventual result, just as anyone could have seen the eventual result of granting China most favored nation trading status and then admitting it to the WTO.
And here we are.
The $100 billion BRICSA development bank measure is one major welcome step in the global fiscal tyranny counter measure plan.
When the next two measures fall into place we will truly live in a much different world and the possibility of an equitable one at that.
Measure 2 …. the Rinminbi metal backed alternative global reserve currency.
Measure 3 … landing the container ship in Long Beach CA full of worthless US treasury notes and with the not so subtle demand of real value in exchange.
Leading to a rout of the Rothschild central banks and the inevitable implosion of the CDS Derivatives insanity bubble of all bubbles. The execution of this three step checkmate will be even more fun to watch that the recent Putin Obama diaper change.
BRICSA is a counter to the West’s “magically” spinning gold out of thin air, i.e., the making of money through credit. With the magician’s assistant, offshore’s “tax havens”, a cloaking devise, they can shuffle those trillions into the “real-science” black-op projects that can re-cycle that “magical” money into some “magical” heavy-duty technologies.
The plan all along has been to use the BIS structure as a reserve currency foundation through which SDRs, via the IMF(or some close version of same) eventually become pure information of 1’s & 0’s at a finger’s touch.