This important article was shared by Ms. C.Z., and it's worth pondering for its own implications. And quite frankly, there are so many sets of implications here that I don't really know which one to focus on, except that the article itself focuses very conveniently on one of them, so that's the rabbit hole we'll go down. Here's the article:

AIIB, BRICS Development Bank and an Emerging World First appeared:

The first thing that struck me about this article was that it was written by F. William Engdahl, one of my favorite authors in the "alternative" field commenting on issues of current politics and policy. What first struck me (and I wish I had read this article prior to doing last Thursday's News and Views from the Nefarium), was that Engdahl is seeing things more or less as I am seeing them:

"Germany is a founding member as France. So is Luxemburg, even Great Britain. Putin’s Russia and India are also among the founders. To the surprise of many, so is the International Monetary Fund (IMF), an institution that until now has been a pillar of the dollar system. We are talking about China’s Asian Infrastructure Investment Bank or AIIB. The question is whether the AIIB is on its way to become the seed crystal of a new monetary order that could replace the destructive influence of the dollar? Or will it be infected by Trojans like the UK and the IMF? The answer could well shape the architecture of a new world in which the dollar and its bloated debt structures no longer dictate to the entire world what their economic policies shall be.

"In October 2014, China announced it was creating a new international bank to finance major infrastructure projects across Asia. The prime driver for China was to finance their New Silk Road high-speed Eurasian rail and also sea infrastructure projects and the refusal of the United States to agree to major IMF voting reform that would give China and other emerging economic nations more say. Beijing announced they will give $50 billion to start the new bank. At the time, Washington and most of the rest of the world ignored the bank, while the Obama Administration attacked the AIIB for possibly lacking transparency or sufficient concern for environmental risks, patent diversions from the reality, namely, that the AIIB represents a strategic threat to continued American global dollar hegemony."

Note here that Engdahl's concern about the AIIB is the participation of the British, acting as the Trojan Hourse for the IMF and American interests - and hence influence - within the AIIB. Hold on to that thought, for I'll be returning to it. Also to be noted, and held on to, is the founding participation of France and Germany. The final point here is that Engdahl is seeing things more or less similarly to the scenario I outlined in last Thursday's News and Views from the Nefarium, namely, that the AIIB bank is a mechanism being created, as least in part, to be the financing for the projected high speed rail network connecting Beijing to Moscow and western Europe via the "southern route" through Central Asia. And - important to note - the two major European powers, France and Germany, are in on it.

Bottom line? As I've been suggesting for a number of years, the long term prognosis is that Germany is going to bolt from the NATO-Atlantic alliance, and bring the rest of Europe with it. Neither the long term economic, geopolitical, or even military interests of Germany or Europe lie in any sort of confrontation with the East, and Washington's heavy and incomprehensibly incompetent hand in the Ukraine is testament to it. Engdahl sees it more or less the same way:

"The 2010 IMF voting rights reform stipulated that China will become the 3rd largest member country in the IMF, and there will be four emerging economies—Brazil, China, India, and Russia—among the 10 largest shareholders in the Fund. Under present rules, Washington, conveniently holds 16.75%, a veto minority. Close US geopolitical allies—Japan with 6.23%, UK and France each with 4.29% and Germany with 5.81% would typically insure that IMF policies in any area were “friendly” to American defined national interests.

"China, Russia, India, Brazil and other fast-emerging economies find it is manifestly absurd that today IMF voting rights on the Executive Board give France, with a $3 trillion GDP, far more votes than China with a 2014 GDP of more than three times that, at $10 trillion, or gives Belgium (1.86%) with a $500 billion GDP a larger voting share than Brazil (1.72%) with a GDP more than four times as large at $2.2 trillion. According to the IMF bylaws, a member country’s voting shares ought to be roughly proportional to its relative size among the 147 IMF member countries in terms of GDP. When Washington drew up the IMF bylaws in 1944 it stipulated, conveniently, that no major decision of the IMF could come into force unless it had 85% of all member voting shares supporting it.

"Washington is holding on like a pit bull to the old bylaws in which the US retains a blocking veto share of votes. The US Congress refuses to pass the IMF reforms and to break the impasse. This is a major way forced China and the other fast-growing BRICS states to look outside the IMF and World Bank and build an entirely new architecture. The AIIB today is emerging rapidly as a centerpiece in this emerging new global architecture.

"Rather than trying to influence the new AIIB from within, Washington has chosen a tactic that has delivered it a huge and humiliating geopolitical defeat, and which will likely exclude US corporations from lucrative construction bids."

Even perfide Albion, as Engdahl suggests, is really looking to its own long-term interests, which have nothing whatsoever to do with playing the silly role of a "Trojan horse" for Wall Street or Washington:

"One is reminded of the statement by England’s Prime Minister Lord Palmerston, 'England has no friends, merely her interests.'”

The bottom line? Engdahl sees it as the final unwinding of the Bretton-Woods system of postwar finance, and the erection of a new one:

The very fact that the AIIB has gathered such worldwide support is demonstration of the impotence of the US-dominated Bretton Woods institutions of the World Bank, IMF and Asian Development Bank.

In other words, expect the Chinese, naturally, to give themselves a heavy weight of influence in their own bank, but also expect them to recognize the weight of other large economies as well.

Enter Germany. And, for those paying attention, Japan, and the "trojan horse." Japan, you'll recall, was apparently finally dissuaded by Washington form joining the Chinese bank, and oddly, in spite of the old wounds from World War Two, China was giving no sign of opposition or objection to Tokyo's entry, notwithstanding the hightened tensions between the two nations recently. Tokyo's price tag to Washington may therefore have been very high, including, perhaps, secret protocols for the eventual abandonment or drastic curtailment of American military bases - think Okinawa here - in that nation. Time, of course, will tell, and as I recently suggested, Tokyo would be foolish to slam the door permanently in Beijing's face. The two nations, notwithstanding long and bitter rivalries, could accomplish much in Asia cooperating. The bottom line here then is, as I also suggested, there has to be a back channel of ongoing communications between Beijing and Tokyo, including some sort of Asian version of an entente cordial for Tokyo's eventual participation in the AIIB. That's Trojan horse number one.

Trojan horse number two is a bit more complicated. Following the penetrating suggestion of former HUD Assistant Secretary Catherine Austin Fitts, what is also being erected here is a system of financial redundancy, not only in clearing, but in development finance institutions, one in which, as I have suggested above, the emerging nations, and those under-represented developed nations (think Germany and Japan here folks) are given greater weight than their American-sponsored counterparts. And with such reevaluation of "weight" in the financial sphere, comes the necessary reevaluation of weight in the political sphere. And here, I suspect, we encounter another Trojan horse operation unfolding before our eyes. Germany, since the Wiedervereinigung, has quietly expressed a desire to have a permanent seat on the UN Security Council, with all the rights and privileges that the current five permanent members possess. From the purely geopolitical perspective - notwithstanding their Axis historical past - that Germany and Japan, Europe's largest and Asia's second (or third, depending on which statistics one looks at) largest economies, and both de facto nuclear powers in all but name only, do not have this weight, while Britain and France do, is rather absurd.

So what's the Trojan horse here? Expect, over the long term, the pressures to build for a complete restructuring of the UN Security Council as a stepping stone to transition the institution itself as a political counterpart to the new financial structures. In other words, one may now expect the BRICS bloc, led by China, to start calling for political structures to match the financial ones. And China has the clout to do it, and the key in the lock will be Taiwan: "we support a complete restructuring of the Security Council, including a permanent German seat, in return for European support on the issue of Taiwan." And that will bring pressure on Japan. What will that restructuring possibly look like? If the council, and hence the UN, is to have any real teeth, then it might take the form of a majority of permanent member vetos is required to veto a measure, rather than the current blanket veto given to the current five permanent members. A majority vote of such members could conceivably block, or commit, UN forces anywhere in the world.

Such a measure would require the US's consent, and would therefore likely be vetoed in the Security Council, but in this case, it would mean the near certain and further isolation of the US in that body, and the way would then be open to the erection of a kind of BRICSA counterpart to the UN, in which the Great Power permanent seats were more reflective of geopolitical realities bypassing US intransigence and unipolarism, for let us always remember, the UN was the political counterpart to the IMF-World Bank-Bretton Woods system. So the IMF membership in the AIIB here might be calculation, on China's and Europe's part, as a Trojan horse in the opposite sense to that Mr. Engdahl is suggesting.

In short, we've seen the institutional financial aspects of the BRICSA game plan. Now it's time to get ready for the international political and institutional aspects of it.

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. terminally skeptical on April 28, 2015 at 1:38 pm

    Not unlike the CFR:

    . . . . . called “The Society of the Elect”, who unquestionably knew that they were members of an exclusive cabal devoted to taking and holding power on a world-wide basis. [7] A second outer ring, larger and quite fluid in its membership, was named “The Association of Helpers”. At this level members might not have known that they were an integral part of, or inadvertently being used by, a secret society. Many on the outer edges of the group, idealists and honest individuals, may never have been aware that the real decisions were made by a ruthless clique about whom they had no knowledge. [8]

    • jedi on May 4, 2015 at 9:04 am

      how it works…. set it up with local people so as not too arouse suspicion from the elders, and then replace them with the invading force/ colonizers.

  2. terminally skeptical on April 28, 2015 at 1:37 pm

    Not unlike the CFR:

    . . . . . called “The Society of the Elect”, who unquestionably knew that they were members of an exclusive cabal devoted to taking and holding power on a world-wide basis. [7] A second outer ring, larger and quite fluid in its membership, was named “The Association of Helpers”. At this level members might not have known that they were an integral part of, or inadvertently being used by, a secret society. Many on the outer edges of the group, idealists and honest individuals, may never have been aware that the real decisions were made by a ruthless clique about whom they had no knowledge. [8]

  3. terminally skeptical on April 25, 2015 at 3:08 am

    Many thanks to Aridzonan_13 for the link to The Corbett Report: China and the NWO. That there has been a an escalating Anglo power elite influence and presence there a century and longer is irrefutable.

    More links below compliments of Corbett’s readers/viewers:

  4. Dag from Ringerike on April 24, 2015 at 12:37 pm

    I have been just listening to a lecture by Martin Jaques, “Why China Will Be a Very Different Kind of Great Power” on Youtube,

    where he compare the western attitude against the rest of the world and China´s.

    He point out that the European and USA´s domination upon the rest of the world have been going on by force, by wars. China, did not had those ambitions by their dynasties. They arranged bilateral agrements by their nearby states. The states had only to recognize that China was the dominant, biggest nation. China´s attitude was that they did not need to invade countries other than go by trade.

    Well, I remember a quote by the late prime minister of China, Chou-en-lai, I think it was at a meeting in Paris 30 to 40 years ago; China has been the biggest economy in the world, except for the last 200 years.

    This tells you a lot. Their thinking is not of quartery economics or four years elections, they have a very long time line.

    Maybe the A-A-empire will try to put a trojan horse in this bank, well, I think they will loose. China had a lost century, and the know who the perpetrators were. They are patient….

    • marcos toledo on April 24, 2015 at 2:04 pm

      Thanks for the link Dag great lecture Martin Jaques shows the difference between a civilized power and educated barbarians or Pseudo-Civilization the Norsesphere is.

  5. basta on April 24, 2015 at 11:55 am

    Great internet meme I just ran across:

    “If they can print money out of thin air to stimulate the economy, why can’t they just print money out of thin air to pay off their own debt?”

  6. Robert Barricklow on April 24, 2015 at 10:15 am

    Selling out the U.S. Sovereignty!!![What’s left of it?]


    The Trans-Pacific Partnership.

  7. jedi on April 24, 2015 at 9:29 am

    everyone knows who the Trojan horse is, where the Trojan horse is, not much of a Trojan horse….perhaps the history books got it all wrong and it was a failed plan that went terribly wong err wrong every time it was tried….a trap with no back door…. the burnt offering?

  8. jedi on April 24, 2015 at 9:29 am

    everyone knows who the Trojan horse is, where the Trojan horse is, not much of a Trojan horse….perhaps the history books got it all wrong and it was a failed plan that went terribly wong err wrong every time it was tried….a trap with no back door…. the burnt offering?

  9. Guygrr on April 24, 2015 at 8:00 am

    What I don’t understand is how the bank plans to do anything with only 100 billion in capital.

    • Gaia Mars-hall on April 26, 2015 at 5:40 pm

      Yes good insight…..but that must be the seed money for the Bank itself, it is the network of who constitutes the Board that is important to the venture and thus we are indeed presented with an interesting development as speculated upon.

  10. TRM on April 23, 2015 at 8:26 pm

    The IMF? Why not? Business is business and they want in on everything that can make them rich(er).

    The real question comes when the AIIB-2 (African IIB) and SAIIB (South American IIB) happen. I can see the people of Africa and South America going “hey why don’t we do that for OUR continent?” and of course China & Russia will be happy to be an “founding investors and advisors” since they will have lots of experience by then.

  11. terminally skeptical on April 23, 2015 at 5:31 pm


    Imagine my surprise.

  12. nines on April 23, 2015 at 1:29 pm

    Bond villains. Only Bond villains explain it.

  13. Aridzonan_13 on April 23, 2015 at 10:15 am

    James Corbett just posted “China and the NWO”. Where in it, he exposes the fact that Mao went to a Yale satellite school in China and the Rockefellers have had a presence there since the 1920’s. He makes a good argument that the Chinese model is the PTB NWO vision of tomorrow. I highly recommend reading this. There may be squabbles at the minion end of the chain. However, when it comes to their “NWO” vision. They walk in locked step. So, the IMF jumping on board the AIIB is just more PTB WWF theatre.

    • Robert Barricklow on April 23, 2015 at 5:02 pm

      Interesting podcast.
      Of course there is the structure of a capitalistic for-profit model being instituted within the Chinese culture via the “Western Markets”; along with infrastructure that is conforming to a global one world model that is inter-changeable, even between enemy states/competitors. Also, the seeds of a “Yale Cross & Bones Brethren” within China’s formation, including links to Mao adds to the suspicious nature of whose guiding these Systems[financial, military, research, etc.]; within & without the BRICSA spheres of power.

      [Still, one must continually question Corbett’s analyses
      – all the way through this video podcast]

  14. marcos toledo on April 23, 2015 at 10:15 am

    The CSA is really become a front for mobsters in million dollar suits. As for the Neo-Cons their brains are marinating in their ideological Cool Aid cut off from any thoughts grounded in the real world. Lets all pray that that the dark forces of Darth Sidious are finally routed. Any thoughts Joseph on the US-UK citizens of Yemeni ancestry being abandoned thrown to the wolves of Saudi Arabia. The Irony as I write this rt is reporting that Russia, China, India and other countries are the only countries providing transportation out of that hellhole created by the usual suspects.

  15. yankee phil on April 23, 2015 at 9:07 am

    Sorry for your loss Dr. Farrell,Mrs Hughes will be missed by everyone that knew her,even if only through her work,she brought the best out of people without intimidating them,a kind and generous soul. The new financial system may bring about more fairness in the developing world,perhaps with an eye to a more representative U.N where the world watches the leader nations decide their fate,populations not considered relevant to status,perhaps a more fair world economic system might influence change in the U.N. or possibly lead to the formation of a sort of club of nations ,perhaps even an international court,at first set up to handle transactional disputes between AIIB members,then perhaps widening its scope later to human rights that are affected by trade,job creation and protection,etc.. Competition is a good thing here,especially when the rules are made equal for everyone, no one likes a rigged game,because then it ain’t a game anymore.

  16. Robert Barricklow on April 23, 2015 at 8:39 am

    One step at a time.
    But definitely, step-on the UN and eclipse it
    with a new intl’ center of geopolitical influence with teeth.
    Let the UN chew on that.
    A new intl’ body; potentially replacing her.

    • Robert Barricklow on April 23, 2015 at 9:10 am

      By the way,
      Engdahl also focused on Iceland’s new economy.

      [The REAL way to run a REAL Economy]

      • jedi on April 24, 2015 at 9:37 am

        the Vikings…as in the “VI” Kings.
        “VI” ET Nam.

        Angor Vat….the Vatican….starting to see the dots?

      • Gaia Mars-hall on April 26, 2015 at 5:38 pm

        Yes thanks for the link

        I think that is relevant to point out that between
        1942-48-1952 were the years of Parity for agricultural production in the USA, were Congress had finally determined the value of our dollar to the needs of the producers of real wealth: food, (try not eating)…thus we had a money system that had an influx of new wealth, which with proper monetization standards in place, the economy was able to self finance outside the realm of banking per say, because the chance for profit was built into the system, as system that was a fair read of Article I, Sec 8

        • Robert Barricklow on April 26, 2015 at 6:09 pm

          Then they “financialized food” …

          Bet The Farm: How Food Stopped Being Food
          by Frederick Kaufman.

          • Gaia Mars-hall on April 27, 2015 at 12:49 pm

            By “financialized food” what that means is that they subsidized the destruction of the family farm towards the creation of the corporate farm, utilizing food as a weapon and bargaining chip for international trade and finance scams.

          • Robert Barricklow on April 27, 2015 at 1:18 pm

            bottom line

            They Weaponized food.
            And War Is Good Business in their book$.

    • Robert Barricklow on April 23, 2015 at 9:31 am

      Also related to the new political-theatre developing…
      [approx. 7 minute video]

      NOT Political?
      EU slaps Gazprom w/market abuse complaint

Help the Community Grow

Please understand a donation is a gift and does not confer membership or license to audiobooks. To become a paid member, visit member registration.

Upcoming Events