If you've been following the the developing financial geopolitics of the BRICSA nations (Brazil, Russia, India, China, and South Africa), then this news will not come as any surprise. Indeed, so many of you sent me thgis article, it's safe to say that it's on many people's radar(and my thanks to all of you who did):

China and Russia to launch new credit rating agency in 2015

The article says it all: Russia and China are calling the credit ratings industry bluff, by pointing out that their ratings have been anything but objective, but more often in the service of larger financial and geopolitcal agendas:

"The new Universal Credit Rating Group (UCRG) is being set up to rival the existing agencies Moody's, S&P and Fitch, and its first rating will be issued this year.

"The setting up of UCRG is in its final stages, ready to challenge the ‘Big Three’ that currently dominate the industry, the Managing Director of RusRating Aleksandr Ovchinnikov told Sputnik News Agency on Tuesday.

"'In our opinion, the first ratings [will] appear … during the current year,' Ovchinnikov said, adding that accreditation with the local regulator is already underway.


"The new agency will be based in Hong Kong, and provide a check on the ‘Big Three’, which some analysts say don’t provide an accurate reading of economic situations.

"Many securities and bonds in the US that had triple-A ratings in 2008 and were considered ‘safe’, turned out to be a bubble, revealed by the subprime mortgage crisis."(Boldface emphasis added)

Now all this calls for some commentary, and, as one might imagine, some of our trademark "high octane speculation." In the first place, this is an obvious step for the two most powerful BRICSA nations to make, and one can expect that the ratings agency game might be expanded to the creation of more such agencies within the bloc, with other sponsors, Brazil and India for example. It's a clear sign that the BRICSA bloc intends to challenge the philosophical and financial assumptions beneath the western agencies. So one can watch for more detailed commentary coming from the BRICSA bloc - Russia and China in particular - as they address the underlying assumptions of the Western financial system and its ratings agencies in the coming year. Over the long haul, if such critiques and ratings from the Universal Credit Rating Group prove to be more accurate than those of Moody's, S&P, and Fitch, then this will be a clear geopolitical tool in the BRICSA arsenal to expose the hypocrisies within the western system.

But there is a wider context from which this development must be viewed, I think. Just recently I did an interview with former Assistant Secretary of Housing and Urban Development, Catherine Austin Fitts (which will be available on her website, Solari ( as well as in the members' area on this website. One of the observations she made was very intriguing. We have all seen Russia's development of an independent system of domestic financial clearing, and I've been strongly suggesting over the past few years that another inevitable component of the BRICSA challenge to the western financial dominance would be the establishment of parallel systems to those of western finance, specifically, their own development bank - which we have seen recently launched - and ultimately a parallel system of international financial clearing (for which a development bank could conceivably serve double duty). As I (and she, in fact) have often remarked in this connection, the development of such a parallel system of international financial clearing will have to have redundant systems of space based communications, and by extension, the ability to protect them(a point which I hope to cover in tomorrow's blog).

In this context, Ms. Fitts suggested yet another interpretive possibility to the possible BRICSA development of such a parallel system of international financial clearing: redundancy, for if one wishes to usher in, or transition to, a new global financial system, and ultimately toward a global currency, then one must perforce have redundant systems of international financial clearing, rather than one based more or less exclusively on Western, and largely American, controlled space assets and clearing systems (such as SWIFT). I then observed that in addition to this, such redundancy would also be, from the military and security point of view, necessary, in addition to whatever redundancies are currently built into the western system.

The bottom line with all this high octane speculation is this: with the announcement of their own development bank last year, and this announcement of a new credit rating agency to begin this new year, the direction the BRICSA nations are headed is clear: they mean to be players at that international financial table, not as passive vassals, but as active and influential shapers of that new system, should it ever emerge. The multi-lateral currency swap arrangements already negotiated between various BRICSA nations and their affiliated nations are clear signs that the next step - the development of the first planks of a parallel system of international financial clearing - are very near. How they will inevitably integrate that with the western system remains to be seen. But one thing is clear: to do this, they will need to beef up their space-based capabilities...

...but that's tomorrow's story...

See you on the flip side...

Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and "strange stuff". His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into "alternative history and science".


  1. Elm on January 18, 2015 at 11:19 pm

    Just to follow up, Mr. Hellyer makes reference to Roswell and the Reich: The Nazi Connection, re: “…This gargantuan transfer of power that has already occurred, and to a much greater one that is in the planning stage, requires a voracious intelligence apparatus to stifle opposition, maintain secrecy and anticipate points of resistance. This is endemic to police states and dictatorships either embryonic or full-blown. The CIA has played a key role. A child of wartime necessity, it was modeled on the British MI6 and the Soviet KGB. A cynic,” writes Hellyer, “might conclude that it adopted all of the most questionable traits of both organizations.” Hellyer, 2014:231]

    “…On this base it is necessary to add the earth-shattering development of the post WWII period. In his new encyclopedic book entitled UFOs for the 21st Century Mind, the widely known ufologist Richard M. Dolan quotes from the work of Joseph P. Farrell on the subject of German experiments on flying saucers near the end of the war, and the dispersal of Nazi intelligence units in the post-war era. Dolan noted the lack of supporting documentation for some of the alleged experiments with flying saucers, but added that this fact was not reason enough to ignore the research that had been recorded.” [ibid: 231]

    “…”Still,” said Dolan, “Farrell’s work bears close scrutiny, as he makes a strong case that, at the very least, the fundamentals of the Nazis’ fringe research continued on after the war, especially in Argentina but perhaps elsewhere, with substantial cooperation from within the U.S. first, the massive Nazi intelligence group led by Reinhard Gehlen was brought into the Anglo-American fold organizationally intact, and run essentially by the same people after the war as during it — and with a great amount of independence. Secondly, not only did the importation of so many Nazis into the CIA via Operation Paperclip fundamentally undermine the nature and purpose of that organization, but many Paperclip Nazis who went elsewhere (such as into the U.S. rocket program in the south-west) and also exhibited a striking level of independence from U.S. military authority. (Remember that President Eisenhower had to threaten to use the army in order to find out what they were doing in Area 51 and elsewhere.) These Nazis, Farrell suggested, were a `classic Trojan Horse operation.'” [ibid:231]

  2. DownunderET on January 17, 2015 at 1:39 pm

    Huston we have a problem, and it isn’t oil. The BRICSA nations have clearly shown their intent, and the problem is for the west is how to counter it. So here’s the rub, the west will not let their worldwide dominance go easily, you can bet they are considering all options on a counter move. Seems like the two heavyweights, Russia and China, have tooooo much clout today, and the west was slow to move. If they think they can wack Putin, or some other country leader to scare the others into toeing the line, then they are sadly mistaken.
    The problem for us, the little guy, is just how hard, and by what means, they are going to try and shut it down. This is the Mexican standoff par excellence, and I just hope they don’t throw the kill switch, or press “A” certain button.

  3. old97polarcat on January 17, 2015 at 1:21 pm

    I wonder whether, at some point, countries in the middle, so to speak — Germany, for example — start hedging their bets and trying to keep a presence in both ends of the bipolar power struggle, rather than just one.

  4. Robert Barricklow on January 17, 2015 at 10:28 am

    The whole concept of issuing credit with $125.00 to be paid back, with only a $100.00 in existence, is based upon fraud to begin with. So all existing ownership of property based upon this fraud is null & void. A Bone Fide system should replace the existing criminal enterprise. A complete polar financial paradigm shift, underpinning a new society based upon a living Earth, needs to usurp the current criminally insane policies are destroying our living Earth.
    These BRISCA financialized steps, needs to step up its game into another complete dimension – a life/based one.

    • Gaia Mars-hall on January 17, 2015 at 1:52 pm

      Nice articulation!

      Yes it is ultimately about a shift towards values that are life positive, that understand the uniqueness of life, yes that is where the shift needs to come about.

      I believe that there is that potential, though we are many decades behind what could have been done, where one great mistake was dissolving the Parity arrangement that had been set up to fight World War II for agricultural commodities.

      Here is my relevant article:

      • Robert Barricklow on January 17, 2015 at 2:34 pm

        Great article.
        It places the Wall Street 1% speculation tax right-up-front. This would indeed solve the budget woes in one fell swoop. But, for the ruling elite to, in point of fact, do their fair diligence/share goes completely against their religion of stealing & keeping every damn red cent they’ve stolen.

  5. Aridzonan_13 on January 17, 2015 at 10:06 am

    The amount of international assets held by FedGov.Inc, which it obtained during the 90’s Globalization push and beyond. Allowed them to buy critical assets and infrastructure around the world. Their ability to sell these assets back to the home country or to other PTB partners creates huge market swings. The BRIIICSSA (105 nation alliance) are suffering serious pain under the PTB boot heel. So, the question is, is the pain meant to force them onto their own system or keep them on the reservation?

  6. WalkingDead on January 17, 2015 at 9:32 am

    What you have to realize is this agenda has been in place for hundreds of years. Whoever “these” people are, they have had the ability to foresee and plan farther into the future than the rest of us. They have managed to steer nations into paths that seem to always work toward “their” common goal. People are beginning to wake up to what’s going on in the West, and slowly awareness of the endgame is spreading and gathering momentum.
    One might be wise to cultivate the idea that often there are multiple paths to this endgame which have been/are being set in place in order to appear that opposition to that endgame has been initiated and is on a successful path when in reality, the long term goal of that opposition may turn out to be something entirely different once that opposition has been infiltrated and gently coaxed to become something else entirely over a period of time.
    None of these actions so far have addressed the root of the problem, the global corporations, owned by a small elite population, which are driving the global agenda and their usury/debt slave based economies.
    Until that problem is solved and the world returns to real debt free currency and individualism rather than the hive mind, it’s just more of the same agenda wearing different clothing and made to appear as a move toward something different.
    When you have an elite population, armed with the resources they have, with the will and lack of humanity they possess, it’s just a matter of time before they corrupt any new opposition to their agenda. It merely delays the outcome.
    Usury is the base of their operations, without it they lose their power and control and the rest of humanity ceases to come under their domination.
    As the masses have begun to realize what’s happening, they have accelerated their agenda; hence the explosion of debt, the loss of jobs, more people on government subsistence, the slow and steady loss of rights and sovereignty, the control of resources(including land, food and water), the constant fear mongering, propagandized mass media, etc.
    If “they” cant make it work now, in the immediate future, they will bring it all crashing down around OUR heads and begin again. It has happened in the past, it may happen again now, if it does it will surely happen again in the future.
    We grant them this power by refusing to be responsible for our own actions and allowing them to rule us while we cringe in manufactured fear.
    The constitution and bill of rights are amazing documents. An experiment in government which is going horribly wrong right before our very eyes. It grants us the power, what we chose to do with it is up to us…

    • loisg on January 17, 2015 at 12:23 pm

      I agree with you that the core problem is the global corporations and that this does nothing to address that issue, in fact, I think it helps their agenda by giving them access to multiple sources/paths towards attaining their goals. These people don’t care at all about political boundaries and associations.

  7. MQ on January 17, 2015 at 9:05 am

    Not sure if there’s any spate of dead BRICS banker types, but it looks like we’ve got another one:–finance.html

  8. marcos toledo on January 17, 2015 at 8:42 am

    The real problem is will our smash and grab oligarchs turn on the indigenous people in the Americas and Australia. Declaring them agents of Satan and in some twisted revenge scenario wage a Albigensian Crusade against them. Being that our oligarchs have this idea they’re entitled to everything in the solar system and the rest of the universe. What choice will they have once they’re cornered and their Ponzi scheme house of cards collapses.

  9. Freefall on January 17, 2015 at 7:11 am

    Off topic for a moment … my new years resolution .. to subscribe to Giza Death Star to assist my all time favourite researcher JPF .. now completed .. I am often reminded of a statement that Jordan Maxwell made some time ago … ” Not only is the Universe stranger than you imagine .. it’s stranger than you CAN imagine” .. then i read these articles and am reminded of the title of Peter Levenda’s book “Unholy Alliance” .. it could almost be re-titled to “Unholy Mess” .. Glad to be on board .. many thanks to DownUnderET for his assistance .. belated New years wishes to each and every one of you .. long live the Warriors of Light .. Cheers

    • Margaret on January 17, 2015 at 5:27 pm

      Welcome to the GDS family, Freefall, and best of the new year to you as well!

  10. basta on January 17, 2015 at 5:42 am

    I think the NWO/one-world-government-to-rule-them-all crowd can finally put that wet dream away — far way, on the top shelf.

    The NeoCons/NeoNazis/NeoZios thought that they’d get there by provoking “regime change” in Moscow, but frankly, it’s beginning to look like they should be paying more attention to keeping their own regime running, instead of running it into the ground.

    More realistic, and pretty obviously just by looking at these BRICSA moves, is that a BiPolar (and bipolar) world is being created in reaction to Western hubris, arrogance and over-reaching. Every action has an equal and opposite reaction, and so BRICSA has simply decided to take its marbles and start their own game and play among themselves. Of course, the arrogant, pushy idiots running the show never even conceived that a whole world bloc could simply uncouple itself completely from the West’s insane financial Ponzi scheme.

    Well, they were wrong, again.

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