Babylon's Bankers

THE COMING BRICSA CLEARING

Mr. P.H. kindly shared this article with me, and it's an indicator of the looming possibility that the BRICSA nations are not only fed up with the USSA's high-handed behavior, but another indicator that my prediction of BRICSA independent international financial clearing may be quietly in the works. (Now, for those still sitting on the fence, or who believe it's all still about the "city on the hill" and "the indispensible nation" and "the shining light," consider this editorial from former Reagan Administration assistant secretary of the Treasury, Dr. Paul Craig Roberts:

Obama's Threats Against Russia)

Now, down to the business at hand, this article is written by an Indian, and it's worth noting his language:

"Over the last few decades, global interdependence has translated more into emerging economies being dependent on Western systems. It goes without say that an IMF bailout of an emerging economy will come with far more strict conditions than one that bails out a Western economy. The BRICS just do not have enough of a say in the way the Bretton Woods institutions function. It’s unfortunate that an idea like the BRICS bank, which should have come into fruition by now, is still stuck and is likely to become a reality only by 2019.

"A growing numbers of countries in Asia, Africa and South America are frustrated with the bullying that is a part and parcel of the Western-dominated institutions. The BRICS are seen as a counterweight and inspiration in the quest for a new world order. The upcoming summit of the grouping in Brazil should have a single-minded focus to set up the kind of infrastructure that creates a firewall against economic sanctions."

There it is, folks, in clear print, and as I predicted, the call for such a system would not come from Russia or China, but as predicted, from Brazil or India. There is little left to the imagination here, since a "firewall" in the context of the article can only mean a mechanism of clearing free and independent of Western influence. And the conclusion of the article leaves no ambiguity, at least as far as some Indians are concerned:

"India’s interests lie in the strengthening of BRICS both as an economic and a political grouping. Russia could not get isolated internationally after the Crimean reunification largely because the BRICS rallied and came out in support of the country. Given the fact that the West has rarely been sympathetic or taken India’s side in any international dispute, the day may not be far when the country may face the wrath of sanctions on some flimsy grounds."

The response of the west to such measures, particularly as being announced from the third nuclear power in the BRICSA entente, India, is inevitable, for there will be a response. But sanctions against India are unlikely(though given the insanity prevailing in the corridors of power in the West, not altogether unfeasible "on some flimsy grounds."). More likely is what we've seen at work in the Ukraine: pro-"democracy" groups of thinly disguised fascists, in other words, covert ops...

...but as I've said before, the covert ops game is a game that two, or more, can play.

See you on the flip side.

19 thoughts on “THE COMING BRICSA CLEARING”

  1. Interestingly reliable coinage didn’t re appear in Western Europe until the sacking of Constantinople and destruction of Byzantine minting monopoly.

    History repeating itself? Is New York the modern version of Constantinople?

  2. I wonder what kind of BRICSA is it? Is the difference like that of Republicans & Democrats, aka., a facade? Or, will it be a case of lesser evil? In listening to Arandhati Roy describing India(google: booktv discussion capitalist ghost story); it gives one pause, to question: what would the difference in a BRICSA landscape be?

  3. For anybody who is following all news related to the end of the Petro-Dollar, the BRICSa, Ukraine, etc … Max Keiser posted an excellent interview this week with Alasdair Macleod. His part begins in the middle of this video:

    http://youtu.be/pyVmoCxnGyk

    They discuss the Shanghai Co-Op, or, SCO. {Jim Willie basically calls this the new Asian OPEC). Expect Saudi Arabia to be joining that bandwagon soon. He also discusses the blog posted Mar. 17 by BBC writer Robert Peston, to the effect that it was the RUSSIANS who planted the idea in Chinese minds to dump US Treasuries way back in 2008 during the Lehman Crisis. Blog linked here:

    http://www.bbc.com/news/business-26609548

    1. Thurisaz, a ancient rune ….thorn… look it up
      on the subject of saturn, the tablets of shamash come to mind of Sumeria.
      Puts a different spin on the crown of thorns.

  4. It will be very interesting to see if the BRIIICSAA (Iran, Indonesia and Australia included) jump the SWIFT system. FedGov.Inc has become a drain on other nations and the States as well. It is a parasitic entity that strangles prosperity via CAF’s slow burn analogy. Stealing from us slowly in every increasing increments. The question is, what will they do in retaliation? Expect a lot of saber rattling and dirty tricks. And or very convenient natural disasters to put asunder BRIIICSAA end runs around the $FRN.. Quakes, meteors etc. come to mind.

      1. Iran says that there were only Ghanaian officials on the plane which was leased by Ghana from the Utah bank which is trustee for a group of anonymous investors. The legality of a US registered plane is still in question, but what I find as interesting is that the Utah bank is trustee for more than 1,000 aircraft and that 5,600 planes owned by non-US citizens are registered anonymously through trustees. Quite a useful legal loophole for nefarious activities …
        http://rt.com/news/us-aircraft-tehran-sanctions-564/

        1. if this report is true, why were only Ghanaian officials on this plane?- why is the country of Ghana off-limits for tourists (no European travel agency- none- offers trips to Ghana- not even on the internet as far as my limited searches have been) but ‘businessmen’ with visas have free access?- so what sort of “business” does the tiny country of Ghana have to offer?-

          if my read sources are correct Ghana has the 3rd largest gold reserves in Africa after South Africa and Mali- or are its gold/natural recources reserves much vaster than we’ve been told?

  5. The problem is that what we have at the head of the Anglo-American Empire are Sorcerer’s Apprentices. A bunch of fools that would make Zippy the Pinhead look like the greatest intellectual of the world. They running the protection racket into the ground at transonic speed. They have never been able in the end known how to make friends. But boy they can make enemies by the zillions in a snap of the fingers. So we all should have hemlock at the ready so when the end comes we can end our lives rather than be torn apart alive by the rest of the world paying for all the Empires crimes.

  6. Apart from the pressure and shady goings-on at top levels, I think there is also a problem with the educational paradigm for middle to upper level personnel throughout the world, the people with technical expertise who will realisticaly be the ones called upon to replace the corrupt banksters and economic policy decision makers. Many if not most of them have been indoctrinated over the truth about money manipulation. It is not always easy to admit that you have wasted years and a lot of money studying fallacious theories, perhaps at an elite university, after which your had to work your way up, in banks or the civil service, under bosses toeing the same line….
    But even here, reality HAS to break through the conditioning sooner or later!

    1. Beware when the dragon when she awakens…
      That was a quote attributed to Napoleon(supposedly of China). In my furtive imagination, I prefer to think, Napoleon was speaking of the peoples of the world…
      Awakening To the Truth.

    2. “But even here, reality HAS to break through the conditioning sooner or later!”

      As much as I wish you were correct, I think a few thousand years of human history flatly contradict that statement.

      My personal experience is that 99% (or more) of all people (I’m in the USA), “educated” or not, are totally impervious to reality. The conditioning is perfect and unbreakable.

      1. David Mamet comes to mind. It is not completely unbreakable if a Hollywood writer/director can come to a 180 degree reversal of philosophy; practically like announcing you are a Communist in the McCarthy era. Facing blacklists are not easy in that town. I think that until the chaos actually starts, there are many who are awake but simply too busy trying to stay afloat, trying to keep enough of their assets for their children and grandchildren, to do anything. Burn the lifeboats and I think you are going to see a lot of people start to do something… like become domestic terrorists (newspeak for patriots who have had enough). The Bundy phenomenon wasn’t just those who are members of Oathkeepers or local militias, but also other ranchers, many who have reluctantly paid the BLM for years and are sick of being robbed for absolutely nothing or, worse, being blackmailed into paying the same fees for increasingly fewer acres of grazing lands for which they have dutifully been paying. They have had enough of big government that does nothing but take. i agree that the dependents will never do anything but scream for more, but at some point the providers are going to decide to do something. Most of them are NOT impervious to reality.

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