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BRICS NATIONS IN TROUBLE? DISAGREEMENTS WITH THE DAILY BELL

I've talked quite a bit in some of these blogs about the BRICS nations - Brazil, Russia, India, and China - as being the up-and-coming economic and geopolitical bloc. Well, not so fast, says the Daily Bell:

BRICs Begin to Crumble?

The article is, of course, correct, as far as it goes. It is true that the Chinese economy suffers from all the problems of planned economies in general, there are empty cities, skyscrapers, and shoddy constructions. It is true that Brazil and India suffer from the same problems of central banking as the USA and the rest of the West.

But I am bold to suggest that, for once, the Daily Bell article does not go far enough. The BRICS nations will not fall apart, simply because the geopolitical imperatives that they face will compel them to continue to work together, and in China's case, this will only result in an increased pressure toward more democratization and an eventual end of the Communist party's political monopoly. There may be crackdowns, as in Tienamin square, but eventually it will happen. And like it or not, China is an industrial power, and will stay that way. The geopolitical imperative to resist the increasing adventurism of the West will force these nations, if they are to retain access to needed energy resources in central Asia and South America, to work together.

Which leaves the problem of central banking: what we are really witnessing, world wide, is the meltdown of that system, and mad, indeed, insane calls by the banksters for more of the same policies: bailouts, more monetized debt "money" in circulation, while real production and technological progress falter. The problem now is, as the Daily Bell itself, along with other internet news organs, has pointed out, is that millions of people world wide are waking up to the real problem: the banksters themselves, and the whole idea of monetized debt as currency.

In short, as I've argued elsewhere and earlier this week, we are in one of those genuine historical changes from one era to the next, the sort that happens once every 500 years or so. It will not be easy, nor without fits and starts. The banksters have only one recourse left, as they used with Qaddafi, and that is force, and that means that they are losing the war of ideas. Debt-free money works, this is the proven record of history: the thirteen colonies proved it, Abraham Lincoln proved it.

21 thoughts on “BRICS NATIONS IN TROUBLE? DISAGREEMENTS WITH THE DAILY BELL”

  1. You are almost completely right-on with this one.

    One thing is about the free, safe and
    totally replenishing energy technology being stifled
    for almost the entire last century.

    That word, FREE, that Tesla threw around was
    his undoing.
    It is NOT a word in the vocabulary
    of the extremely rich running the world through
    the manipulation of OIL; as they were just starting
    their modern empires with the “black gold.”

  2. I am not well informed on BRIC. I come here to stay posted on BRIC.

    I am tempted to post something about money but it looks like several have already done so.

    I look forward to the day when government has NOTHING to do with money. I also wonder what type, form, of government will best prevent the concentration of power into the hands of the few and retain it into the hands of the many by empowering the individual. The American government was a failure in this regard.

    However, a fully armed populace remains and this is good.

    1. “I look forward to the day when government has NOTHING to do with money.”

      Hear, hear!

      What if the money-issuing bank was owned by the citizens (via non-transferrable shares) and the Government had to come to us for money?

      Heh-heh!

  3. The BRIC Nations better hang together or they will hang separately as for China,India and a certain extent Russia have had more time as cohesive states and a long history as nations even though each have periods of disunion in China and India and had their tribal state wars early in their history dispite warlordism in recent Chinese history it did not sink into barbarism as happen to the Christian and Islamic influence states. Reading and writing is held in high reguard in China especially with a near universal written script that has allow reunification in China after periods of disunion which has been endmic in other nations which been realy empires in everything but name.

  4. Articles like this are intended to to shake investor confidence in BRIC countries. You see articles like this all the time in the Anglo-American financial press.

    The private intelligence organization “STRATFOR” has this as its primary mission. STRATFOR constantly tries to ease any fears people may have about the American economy and American stranding in the world while ratcheting up fear about the European, Russian, and Chinese economies.

    STRATFOR produces and maintains memes such as “everything is going to be OK…America will be on top for the next 100 years.” Or, “the economy might be in recession but it was worse in the 1970’s.” Or “Mexico and Turkey are going to be major world powers in 25 years so the West better accept mass migration from these countries to stay on their good sides.”

    This stuff is intended to be read by lower level CEOs and investors.

    1. OMG AMEN!!!!! I have a subscription for their overseas geopolitics and over the summer me and my buddy who share the service have been going back and forth about their bias!!!

      he’s like they are awesome and I’m like man, they are pushing the big meme’s…like today perfect example!!!! The article about HOW WILL THE SAUDIS HANDLE THE IRANIAN ATTEMPTED ATTACK…they dont even ONCE question the facts of the acusations! They are just PR shills pushing the agenda!!!!!! I’f we didnt split the cost, i’d cancel it!

      Turkey is becoming a major force though..no need to throw the baby out with that bathwater…its not 100% anything, but discernment must be turned on full power when engaging the internet period…

      then daily bell has been calling OWS a co opt from the beginning and I think perhaps the seeds might have been through teh whole adbusters angle, but guess what, the plant that grew is totally out of their hands now and sub groups within are forming to prevent it…the only obvous shiscm now is the free market vs the statists but it seems as though the statists might get outed as those trying to co opt it…

      GO 100%!!! (i’m not into dividing…that 1% is you and I in another life time, so its just another label from where I came from)

      1. I didn’t mean to suggest that STRATFOR has no value at all. It’s better than the news media, but like the news it should be read realizing it has an agenda. I consume all news (and all media) asking the question “why was this information produced?”

  5. Robert Barricklow

    As Lincoln said of Debt-FREE money (GREENBACKS)
    Issued by a Peoples’ government.

    NOT the current worldwide debt-issued currency by a Private Internanational Banking Cartel; aka, central banks under the sisister thumb of the BIS.

    Of a Peoples’ Government issued debt-FREE currency(GREENBACKS)/Lincoln said:

    “Money will cease to be master and become the servant of humanity”.

    It’s THAT simple!

    1. It seems that no one addresses who it is that will be making the decisions as to how much “money” needs to be created, or what the interest rates should be? No one ever addresses how to separate politics from the special interests which always seem to wind up in control of or regulating whatever regulators there are. Where do we find such men, given what we know of men when they have such power?
      Isn’t it far better to let the consumer decide what they’ll take in payment? Isn’t it far easier to let the sum total of all the intricate transactions be dictated via the market than issuing from some central planning authority? After all, think of all the steps involved in making something as simple as a pencil. Does anyone think they have the knowledge to produce one themselves? How difficult would it be to imagine consumers getting to spending their own money for things they want and that make their lives better rather than in having some predatory institution spend it on things that blow up and kill people?

  6. Antoine,

    Is the following rumor true or more propagandist BS?

    I heard the Chinese fund their Military with the money they receive selling us dumb westerners (making up for guilt by buying, buying, buying) all that worthless junk called TOYS. I remember when a hula-hoop or just a plain ball would amuse a child.

    I remember looking into a spare room and seeing a mountain of toys piled up and I aint even rich! Where could all that money have been better spent? No wonder we’re always broke! Women – I’ll tell ya!

    Then again the chinese use their kids for cheap labor. Ever go into a cheap chinese resturant where the food is excellent! The same with old fashion Quebec(ers) who migrated to the good USA and made their children work in the mills when they turned 16 like my parents did. (they only got 8th grade educations) I would have revolted but then my parents wanted me educated! (that fantastic dream)

    I still say China is Totalitarian — maybe not a dictatorship in the way you mean or argued against but still — I don’t care what label one puts on it. A BOSS IS STILL A BOSS!

    1. Tell you what, I understand your point of view and where you’re coming from. After all you and me both watched way too many movies where ‘freedom’ was the goal etc.

      A few decades ago China had a lot of State Owned businesses so when you said Çhinese funds their military, yeah. Today its different. There’s much less of that. But in a way, they fund a lot of things with their foreign exports.

      Any different from americans funding their nukes thanks to child labour Nike sweat shops in Ethiopia. Just swap the product and the country to your liking, the decade can be any of the last 8…

      So to answer your question, the spin people will read off it is pure BS. Technically speaking its true in a way since foreign exports, toys included, gives China lots of money which they spends on many things, military included.

      About the boss. Take it easy will ya? The only thing you’re not allowed to do here is piss on the government publicly, and watch porn on the internet.

      You think your government gives a flying f#$c about your views? Get real. Your bosses that you so happily elect are the ones that allow your country to get deeper each year into your sinkhole. Both sides are powerless.

      Let me save you a lot of time and thinking.

      The crux of the issue is simple. China has a better system and your ego and mine simply can accept that emotionally or intellectually, yet. So we diddle around straws like they’re totalitarian etc. Take a plane here, you’ll see how full of it you were thinking that mouhahaha 🙂

      BTW, what else can CNN/BBC etc focus on than totalitarian related bad press with China when they actually have success and we don’t? Are we simply going to allow the fact that they may be better than us? God forbid, eh? ;-P

  7. Another thing to take note of…

    Its obvious you don’t know any Chinese, too well. Tienamen Square wasn’t about getting Democracy. Ask most students and they’ll agree our form of Democracy is just stupid. Letting clueless people decide? What madness.

    Okay so here’s China’s political system 101 for all of you…

    Your village or town section elect some representative for that tiny part of the city or for the whole tiny village. That guy, if he does a real good job, may be elected by those above him, representing larger sections of the pie, to a position covering more territory. And so on. They all moved every two years, in a musical chair game, to avoid corruption and stagnation.

    They have this voting system you have, but they only use it within the government, from the top down, not from the bottom up, which is stupid.

    The VP’s vote who gets to be the next director. Here in america or elsewhere the Janitors get to vote the CEO. Pardon my french but this doesn’t make any f@#$%^g sense to me. Anyone knows a profitable business that’s run that way?

    You’ll hear the idiots say China is a dictatorship. How the hell can you have a dictator dictating 1.5 billion people? Get Real. I explained to you how it works in China so you understand. They voting criteria are based on performance. Sure they’re also bribed over there, like anywhere.

    But the Bank of China is run by the Chinese Government and holds all other banks by the balls with an iron fist. And that’s one reason why their economy is not in the pits. Another reason is that the business don’t have elections money or threats to barter with. There’s still a lot of corruption, and part of that is cultural, but overall, it works. Business/Banks don’t mess with the Government. They know the government has the gun, its loaded, and they’ll use it without a second thought if warranted.

    I kind of like them.
    Their shit works here!

  8. STOP THE PRESS!!!

    Okay Joseph, I have to interrupt you here about the Chinese, being in China and married to one with two kids.

    There ARE empty cities.
    You are correct.

    However, they are all, without any exceptions, completely NEW and PAID FOR cities. People invest in real estate. Enough to create entire cities. This is a fact. I visited one. People don’t trust shares. They trust buildings. Gold. Tangible stuff here.

    You’ll have to admit this is quite different from America where empty cities are due to economic failures, as opposed to China’s empty cities which are due to it outstanding success (somewhat of course at the expense of America – but hey guess what, the sun shines for everyone and so its their turn).

    By the way, every city in China I went to is always in construction everywhere.

    1. If it’s not getting too personal, how were you able to get around the one child policy? Does that only apply to their own citizens?

  9. Hi Joseph,

    I’m not sure if you’ve covered this topic before, but I would love to hear of your opinion on the current situation in the Canary islands. I do realize the potential issues have long been theorized and not much has come to pass thus far, but do you think there is any increased risk as of late?

    Thanks!

    Tyler

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