Banksters

I’LL BET, I’LL JUST BET, YOU MISSED THIS ONE ON SeeBS ...

May 18, 2013 By Joseph P. Farrell

I'll bet that this one didn't get much air time, if any, on SeeBS, CNoNews, Faux News or any of the other lamestream media, and it's yet another sign of geopolitical and economic realignment underway:

China to the rescue of Argentina with a 10 billion dollars equivalent swap

This is one that requires a lot of reading between the lines, and I'm probably not any closer to the tea leaves on this one than anyone else, except on one very important thing: Argentina, like the other South American countries, has been persistenly and consistently under the economic and geopolitical thumb of big brother to the north for a long time. Indeed, the USA and its financial oligarchs have been treating South America as a kind of second class collection of "states" or colonies for some time, and particularly since the end of World War Two. The emergence of the BRICSA nations, and Brazil's central role in it, has begun the decoupling process, a process that will go on for a long time.

So that brings us to the other great South American power, Argentina, and to President Cristina Fernandez, and to this article. I suspect that the tea leaves one needs to read are most prominent in the first and last paragraphs:

"According to Buenos Aires financial media the issue was addressed and advanced last Friday when President Cristina Fernandez met visiting Vice-president Li Yuanchao and later in the Senate when the Chinese official held talks with Vice president Amador Boudou and the number two man in the Central bank, Miguel Pesce who participated in the 2009 swap agreement negotiation."

And...

"The main instrument is the tax amnesty or whitewashing bill under consideration in Congress which would enable Argentines to exchange their undeclared assets and dollars for equivalent government promissory notes and/or bonds, which can be invested in the real estate and construction industry or in oil and gas development. No tax or costs for surfacing and the bonds will yield 4% annually.

"Those dollars would yes automatically help to increase the Central bank’s reserves."

Let's take the last first: when Argentina's troubled peso began to collapse, one of the things that emerged ion the situation was local currencies, and barter. Argentines simply stopped supporting their government, which by then was a self-evident plaything of the IMF and World Bank, which are in turn self-evident playthings of the Anglo-American financial oligarchs, and we all know what a humane and decent-hearted group of people they are. Argentina's once-prosperous farming and ranching sectors were gutted by numerous junta governments, anxious to appease the big argibusiness giants - what I have called Duponzanto and Mon(ster)santo - of the USA. (See co-author Scott D de Hart's and my book Transhumanism: A Grimoire of Alchemical Agendas). 

So what it appears, reading between the lines of this article a bit, is that China is allowing - though it isn't calling it that - direct trade between Argentina and China, to be denominated in yuan and payable in it. In other words, it appears that there is another bi-lateral currency and trade agreement in the making between the People's Republic and Argentina. They're not calling it that for now to avoid complications with Big Brother to the North. But its another significant step of a major South American power away from the Western elites and their system. In return, look at what else is happening: Argentina is increasing its dollar reserves (meaning, China is dumping some dollars).

But to me, the really interesting thing is in that first opening paragraph, and who China selected to go to Buenos Aires:

"According to Buenos Aires financial media the issue was addressed and advanced last Friday when President Cristina Fernandez met visiting Vice-president Li Yuanchao and later in the Senate when the Chinese official held talks with Vice president Amador Boudou and the number two man in the Central bank, Miguel Pesce who participated in the 2009 swap agreement negotiation."

That's right, a member of the enormously powerful Li clan in China, a clan with a long association in Chinese government and finance, going backma very long time. One need only think of the fabulously wealthy Li's of Hong Kong, or of Dr. David Li, whose Gaussian copula formula gave us all those wonderful credit default swaps and quadrillions of dollars worth of derivatives, whose formula boiled everything down to a nice, neat, easily understandable, scalar quantity while he was working in Canada...

....just before he went back to China to take up a new position in the Chinese government assessing risk. (For that part of the story, see the preface to my Babylon's Banksters.)

Still think the Rottenchilds and Rockefailures are the omnicompetent all-seeing all-powerful all-knowing banksters because of their supercomputers and gamed-out scenarios? Well, think again. The Li clan was around when Chinese emperors and bureaucrats invented paper money (long before we in the west even understood the concept), and were adepts at manipulations of inflation and deflation before the West even knew the terms.

And Argentina? Well, bonds at 4%, if they can persuade the population to surrender hidden assets, would seem to be a bit better than the terms they've had from other sources.

Don't underestimate the Chinese. Americans, at best, think in decades. Europeans in centuries. But the Chinese think in terms of millennia. They know that to be a world power, they must conduct world trade, and they've taken a lesson from the IMF and World Bank, and are simply offering better terms. The real crunch will come, as it inevitably does, when expanding trading empires always take the next step to protect their commerce and trade, and request "forward bases."

Somehow, I don't think offers of selling drones to President Fernandez are going to go very far, or play very well with Argentines generally.

...See you on the flip side.