Apr 30

Dr. Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

Washington Launches Its Attack Against BRICS — Paul Craig Roberts:

Having removed the reformist President of Argentina, Cristina Fernandez de Kirchner, Washington is now disposing of the reformist President of Brazil, Dilma Rousseff.

Washington used a federal judge to order Argentina to sacrifice its debt restructuring program in order to pay US vulture funds the full value of defaulted Argentine bonds that the vulture funds had bought for a few pennies on the dollar. http://www.theguardian.com/world/2014/jun/27/us-vulture-funds-argentina-bankruptcy These vultures were called “creditors” who had made “loans” regardless of the fact that they were not creditors and had made no loans. They were opportunists after easy money and were used by Washington to get rid of a reformist government. Continue reading »

Tags: , , , , , , ,

Apr 25

Dr. Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

World War III Has Begun — Paul Craig Roberts:

The Third World War is currently being fought. How long before it moves into its hot stage?

Washington is currently conducting economic and propaganda warfare against four members of the five bloc group of countries known as BRICS—Brazil, Russia, India, China, and South Africa. Brazil and South Africa are being destabilized with fabricated political scandals. Both countries are rife with Washington-financed politicians and Non-Governmental Organizations (NGOs). Washington concocts a scandal, sends its political agents into action demanding action against the government and its NGOs into the streets in protests. Continue reading »

Tags: , , , , , , , , ,

Dec 09

The IMF has now been drawn into the U.S. Cold War orbit. On Tuesday it made a radical decision to dismantle the condition that had integrated the global financial system for the past half century… By doing so, it announced its new policy: “We only enforce debts owed in US dollars to US allies.”


French Economy Minister Christine Lagarde speaks during a news conference in Riyadh

The IMF Just Entered The Cold War, Forgives Ukraine’s Debt To Russia:

On December 8, the IMF’s Chief Spokesman Gerry Rice sent a note saying:

“The IMF’s Executive Board met today and agreed to change the current policy on non-toleration of arrears to official creditors. We will provide details on the scope and rationale for this policy change in the next day or so.”

Since 1947 when it really started operations, the World Bank has acted as a branch of the U.S. Defense Department, from its first major chairman John J. McCloy through Robert McNamara to Robert Zoellick and neocon Paul Wolfowitz. From the outset, it has promoted U.S. exports – especially farm exports – by steering Third World countries to produce plantation crops rather than feeding their own populations. (They are to import U.S. grain.) But it has felt obliged to wrap its U.S. export promotion and support for the dollar area in an ostensibly internationalist rhetoric, as if what’s good for the United States is good for the world. Continue reading »

Tags: , , , , , , , ,

Oct 27

Who’s Really Isolated? Iran Set To Join BRICS Bank, Strengthen Ties With Brazil:

On the heels of the nuclear deal and Tehran’s ground operation in Syria, Iran is stepping up efforts to prove that contrary to Western rhetoric, it is not in fact “isolated.” According to the country’s economy minister, Iran is now set to join the BRICS bank and step up its cooperation with Brazil. This is symptomatic of Washington’s waning ability to exert American influence on global affairs both political and economic.

Tags: , , , , , , , , ,

Sep 06

Published on Sep 6, 2015

Description:

The $100 billion BRICS Contingent Reserve Arrangement (CRA) has become fully operational following the inaugural meetings of the BRICS CRA Board of Governors and the Standing Committee in the Turkish capital of Ankara.
Continue reading »

Tags: , , , , , , , , ,

Aug 09

Description:

Rick devotes the full one-hour to delivering a blockbuster interview with financial analyst Jim Willie, publisher of the Hat Trick Letter. Jim discusses the rapid drying of the Treasury bond liquidity market, the introduction of a new U.S. currency very soon, the BRICS challenge to the London-New York financial power base, criminal activity in financial markets, the global re-set of the financial system, a gold-backed global reserve currency, and many other hot-button topics.

Tags: , , , , , , , , , , ,

Jul 25

xi-jinping-vladimir-putin

BRICS Bank, AIIB Pledge Partnership, Loans To Be Issued In Yuan (ZeroHedge, July 25, 2015):

Over the first half of the year, we’ve built on several narratives that we believe are critical when it comes to understanding how the intersection of geopolitics and economics is set to shape the world going forward.

One of these narratives revolves around the extent to which three China-led ventures are set to supplant traditionally dominant supranational lenders on the way to embedding the yuan in international trade and investment.  Continue reading »

Tags: , , , , , , ,

Jul 01

BRICS-2

China ratifies the creation of BRICS bank (RT, July 1, 2015):

The Chinese Parliament has ratified the creation of the BRICS Development Bank. The New Development Bank was conceived as an alternative to Western financial institutions such as the World Bank.

The new bank will provide money for infrastructure and development projects in BRICS countries, that is Brazil, Russia, India, China and South Africa. Each nation will have an equal say in the bank’s management, regardless of GDP size.

Each BRICS member is expected to contribute an equal share in establishing a startup capital of $50 billion, with a goal of reaching $100 billion in capitalization. The BRICS bank will be headquartered in Shanghai, with India presiding as president during the first year, and Russia serving as the chairman of the representatives. Continue reading »

Tags: , , , , , , , , , ,

Jun 07

xi-jinping-vladimir-putin

De-Dollarization Du Jour: Russia’s Largest Bank Issues Yuan-Denominated Guarantees (ZeroHedge, June 7, 2015):

The unipolar, dollar-dominated post-war world is shifting under Washington’s feet.

Leading the push towards multipolarity and de-dollarization are a resurgent Russia and China, the rising superpower. The demise of the Bretton Woods world order is perhaps nowhere more apparent than in the launch of the BRICS bank and the establishment of the AIIB. These new structures represent a move away from US-dominated multilateral institutions and their very existence suggests that a failure to adapt to economic realities and an inability or unwillingness to meet the needs of the modern world may soon drive institutions like the IMF into irrelevancy.  Continue reading »

Tags: , , , , , , , , ,

May 29

BRICS-1

De-Dollarization Du Jour: Russia Backs BRICS Alternative To SWIFT (ZeroHedge, May 29, 2015):

Back in February, Russia detailed a SWIFT alternative that would link 91 domestic banks to the Central Bank of Russia.

On the one hand, the plan represented yet another move towards global de-dollarization but on the other, was borne out of necessity when Russia began to believe it may be expelled from SWIFT as punishment for its support of rebels in Ukraine. Prime Minister Dmitry Medvedev warned of “unlimited consequences” if the West decided on a punitive SWIFT freeze.

Two months later, Moscow would receive a seat on the SWIFT board.

Now, Russia is taking de-dollarization a step further by suggesting that a BRICS alternative to SWIFT may be in the cards. RT has more: Continue reading »

Tags: , , , , , , , , ,

May 12

H/t reader M.G.:

“Another interesting twist of events. Russia asked Greece to join their BRICS bank…….
That Greek port must be quite valuable…”


Russia invites Greece to join BRICS bank (RT, May 12, 2015)

Tags: , , , , , , , , ,

Apr 18

Related articles:

One Last Look At The Real Economy Before It Implodes – Part 1

One Last Look At The Real Economy Before It Implodes – Part 2

One Last Look At The Real Economy Before It Implodes – Part 3

One Last Look At The Real Economy Before It Implodes (… With The Purpose Of Permanently Enslaving Us All) – Part 4


cloister_conspiracy

One Last Look At The Real Economy Before It Implodes – Part 5 (Alt-Market, April 16, 2015):

Since I began writing analysis for the liberty movement more than eight years ago, I have always said that we will know when the endgame of the globalists is upon us when the criminals come out into the light of day and admit to their crimes. At that moment, it will be because they no longer fear either the repercussions or their plans being obstructed.

As I plan to show in this installment of my series on the hidden fiscal collapse of America, the endgame has indeed arrived. At the very least, the international elites seem to think success is within their grasp, for they now openly expose their own criminality. But they do so in a way that attempts to divert blame or to rationalize their actions as being for the “greater good.” Continue reading »

Tags: , , , , , , , , , ,

Apr 02

China Becomes Global Lender Of Last Resort With Bailout Of World’s Most Indebted Oil Company (ZeroHedge, April 2, 2015):

Over the course of last month we variously described the Asian Infrastructure Investment Bank as an attempt by Beijing to deal a decisive blow to the post-World War II global economic order by undermining US-dominated multinational institutions, as an attempt to usher in a new era characterized by yuan hegemony, and as an effort to cement China’s regional influence via the implicit establishment of a sino-Monroe Doctrine.

With that in mind, we find it somewhat ironic that the China Development Bank (which isn’t the same as the AIIB but which we think might offer some clues as the how the new venture will be run under Beijing’s control), is set to provide $3.5 billion in financing to Brazil’s deeply indebted Petrobras. The new funding comes 6 years after a $10 billion oil export deal between the company and China and just days after Brazil signed up as a founding member of the AIIB.  Continue reading »

Tags: , , , ,

Mar 25

De-DollarizeAnti-Dollar-Alliance

US Hegemony, Dollar Dominance Are Officially Dead As China Scores Overwhelming Victory In Bank Battle (ZeroHedge, March 25, 2015):

It’s official: everyone has caught onto the fact that the Asian Infrastructure Investment Bank story is extremely important. We’ve covered this exhaustively over the past month, but to summarize, the China-led development bank essentially marks an epochal shift away from traditionally US-dominated multinational institutions like the IMF and the ADB. Meanwhile, it also represents an implicit attempt by the Chinese to usher in a kind of sino-Monroe Doctrine and solidify their regional — and, to a certain extent their international — ambitions. In a desperate attempt to undermine the effort and preserve what’s left of US hegemony, Washington aggressively lobbied its allies last year to refrain from supporting the effort. Then the UK decided to join calling the bank an “unrivaled opportunity.” That effectively opened the floodgates and in short order, a bevy of Western nations and close US allies suddenly reversed course and indicated they were likely to support the new institution.

Here’s more: Continue reading »

Tags: , , , , , , , ,

Mar 18

Anti-Dollar-Alliance

It’s Happening – More US Allies Join The Anti-Dollar Alliance (Sovereign Man, March 18, 2015):

The United States government just went from “Please, baby, don’t leave me,” to frustrated threats and whining.

After the UK announced it will join new China-led Asian Infrastructure Investment Bank (AIIB) as a founding member late last week, Germany, France and Italy decided yesterday to follow Britain’s lead and join as well.

Welcome to the beginning of the end of the US dollar’s domination. It’s happening.

For the past few decades America was the undisputed global economic and political superpower.

The entire world happily used the US dollar, and hence, the US banking system. More importantly, the world happily placed its trust in the US government.

But there’s a limit to how irresponsible, reckless, and threatening you can be. Eventually such behavior catches up to you.

That time has now come. Continue reading »

Tags: , , , , , , , , , , , , , , ,

Mar 15

Thousands Crowd Brazil’s Streets: Demand Military Intervention & Rousseff Resignation, Impeachment (ZeroHedge, March 15, 2015):

It appears the ‘people’ are growing more and more dissatisfied with their corrupt and greedy leaders across the world. As we noted recently, Brazil’s economy is imploding, consumer sentiment is at record lows, and with the Petrobras scandal providing a glimpse at just how deep the corruption might go, Brazilians are revolting. Hundreds of thousands are crowding the streets in several regional Brazilian capitals, dominated ironically by the middle and upper classes. Demands for “Dilma Out” and “Impeach Dilma” are also interspersed with calls for a quasi-coup and “military intervention.

As 24 Horas reports,

Hundreds of thousands of people protested today against Brazilian President Dilma Rousseff , in Rio de Janeiro, within a day of demonstrations in dozens of cities across the country. Continue reading »

Tags: , , , , , ,

Feb 21

russia-ratifies-brics-bank
(L-R) Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Brazilian President Dilma Rousseff, Chinese President Xi Jinping and South African President Jacob Zuma join their hands at a group photo session during the 6th BRICS summit in Fortaleza July 15, 2014. (Reuters/Nacho Doce)

Russia ratifies $100bn BRICS New Development Bank (RT, Feb 20, 2015):

The Russian State Duma has ratified the $100 billion BRICS bank that’ll serve as a pool of money for infrastructure projects in Russia, Brazil, India, China and South Africa, and challenge the dominance of the Western-led World Bank and the IMF.

The New Development Bank is expected to start fully functioning by the end of 2015, according to the Russian Finance Ministry. Continue reading »

Tags: , , , , , , , , , ,

Jan 28

putin smile_0


Russia-Greece

Greece Begins The Great Pivot Toward Russia (ZeroHedge, Jan 27, 2015):

Ten days ago, before the smashing success of Greece’s anti-austerity party, Syriza, we noted that Russia gave Greece a modest proposal: turn your back on Europe, whom you despise so much anyway, and we will assist your farmers by lifting the food import ban.

And, sure enough, Greece’s new premier Tsipras did hint with his initial actions that Greece may indeed pivot quite aggressively away from Europe and toward Russia in general and the Eurasian Economic Union in particular (as a tangent recall “Russia’s “Startling” Proposal To Europe: Dump The US, Join The Eurasian Economic Union“).

Some recent examples of this dramatic shift in perspective were the following: Continue reading »

Tags: , , , , , , , ,

Jan 28

Here’s why …

–  Israel Starting Trouble in Argentina


Why I Fled Argentina After Breaking The Story Of Alberto Nisman’s Death (ZeroHedge, Jan 27, 2015):

Writing for Haaretz.com, Jewish journalist Damian Pachter – who first reported on the death of the special prosecutor – recounts the intimidation, the sleepless nights, the agent who stalked him and his ultimate decision to head for Israel“So here they are, the craziest 48 hours of my life…”

Via Haaretz.com,

When my source gave me the scoop on Alberto Nisman’s death, I was writing a piece on the special prosecutor’s accusations against President Cristina Fernández de Kirchner, her (Jewish) Foreign Minister Héctor Timerman, two pro-­Iran “social activists” and parliamentarian Andrés Larroque. I learned that Nisman had been shot dead in his home. Continue reading »

Tags: , , , , , , , ,

Jan 22

BRICS-Photo

Full article here:

Israel Starting Trouble in Argentina (The Rebel Website, Jan 21, 2015):

In 1994, a “suicide bombing” of a Jewish center in Argentina left 85 people dead. International Zionism was very quick to point the finger of blame at Iran. In other words, the Mossad did it!

In 2004, the Argentinian Jew Alberto Nisman was, after years of Jewish pressure, finally assigned to investigate the 1994 bombing.  Nisman, as today’s Slimes reports, “became entangled in a labyrinthine plot that he traced to Iran and its militant Lebanese ally, Hezbollah.” Evidently, its OK to spin “conspiracy theories” if they point to Muslims as the culprits.

The Zionists are mad-as-hell with Argentina for doing business with Iran. Adding to that strong motive is de Kirchner’s refusal to pay the banksters what they feel they are “owed” on Argentina’s foreign debt; and her coziness with the Big Bad Putin and his BRICS trading bloc, which Argentina may be joining in the future.

Tags: , , , , , , , , , ,

Dec 22

xi-jinping-vladimir-putin

“Isolated”? China Officially Offers Help To “Irreplaceable Strategic Partner” Russia (ZeroHedge, Dec 22, 2014):

Just a week ago we detailed how China was preparing to bailout Russia’s liquidity crisis via the 150 billion yuan swap line the two nations agreed in October. Today, as Bloomberg reports, we got confirmation as two Chinese ministers offered support for Russia. China will provide help if needed and is confident Russia can overcome its economic difficulties, Foreign Minister Wang Yi was cited as saying; and Commerce Minister Gao Hucheng said expanding a currency swap between the two nations and making increased use of yuan for bilateral trade would have the greatest impact in aiding Russia. The Global Times (mouthpiece for the Comunist Party) wrote in an editorial this weekend, “Russia is an irreplaceable strategic partner on the international stage.” Isolated?

A week ago we noted the movements and tone from China suggested a ‘bailout’ was coming for Russia, and it appears the market is starting to realize that Russia is not so isolated…

20141222_RUB

It seems CNBC and the mainstream media are oddly quiet about the 31% surge in the value of the Ruble in the last 6 days…

Which is not entirely surprising as, for those who have forgotten who the BRICS are, aside from a droll acronym by a former Goldman banker, here is a reminder of the countries that make up 3 billion in population. Continue reading »

Tags: , , , , , ,

Dec 20

China’s Stocks Worth 50% More Than Rest Of BRICS Combined (ZeroHedge, Dec 19, 2014):

Thanks to the massive surge of speculative trading account openings, Chinese stocks are up 28% in the last month and a stunning 52% since China unleashed ‘QE-Lite’. This has sent the total market capitalization of China’s stocks soaring relative to the rest of the BRICS. In fact, Chinese stocks are now worth 55% more than Brazil, Russia, India, and South Africa combined… the most ever.

Tags: , , , , , , , ,

Dec 18

Fly in Venus flytrap

IMF Now Ready To Slam The Door On The U.S. And The Dollar (ALT-MARKET, Dec 17, 2014):

As I write this, the news is saturated with stories of a hostage situation possibly involving Islamic militants in Sydney, Australia. Like many, I am concerned about the shockwave such an event will create through our sociopolitical structures. However, while most of the world will be distracted by the outcome of this crisis (for good or bad) for at least the week, I find I must concern myself with a far more important and dangerous situation.

Up to 40 people may be held by a supposed extremist in Sydney,but the entire world is currently being held hostage economically by international banks. This is the crisis no one in the mainstream is talking about, so alternative analysts must.

As I predicted last month in “We Have Just Witnessed The Last Gasp Of The Global Economy,” severe volatility is now returning to global markets after the pre-game 10 percent drop in equities in October hinted at what was to come. Continue reading »

Tags: , , , , , , , , , , , , , , ,

Sep 23


Jun 10, 2014

See also:


Sep 24, 2013

Tags: , , , , , , , , , , , , , , , , , , , , ,

Sep 22

Russia FinMin Calls For Shift Away From US Treasurys Into BRIC Bonds, Settlement In Non-Dollar Currencies (ZeroHedge, Sep 20, 2014):

it was Russia’s finance minister Anton Siluanov who was the designated “bad guy”, and as the WSJ reported, Russia is considering diversifying its debt portfolio away from countries that have imposed sanctions on Moscow and into the papers of its BRICS partners. Speaking on the sidelines of an annual investment forum in the Black Sea town of Sochi, Mr. Siluanov said the Finance Ministry wants to diversify its investment basket, and is looking for higher yields without too much risks. He said the ministry will consider buying papers issued by Brazil, India, China and South Africa, which along with Russia are known collectively as the Brics countries. “[We would like to] walk away from investing in papers of the countries that impose sanctions against us,” Mr. Siluanov said, adding that the reshuffle would be carried out gradually. He didn’t elaborate on when the first purchases of Brics debt may take place.

 

Tags: , , , , , , ,

Sep 21

Related info:

Top Financial Experts Say World War 3 Is Coming … Unless We Stop It

Jim Rickards: ‘It Could Be A Failure To Deliver Physical Gold,’ ‘Physical Gold Is Disappearing, There’s A Mountain of Paper Gold . . . So A Failure to Deliver Could Cause Panic Buying of Gold.’

Jim Rickards & The Euro Gold Standard: ‘Sorry, You (Banksters) Played, You Lost’ (Video)

James G. Rickards of Omnis Inc.: Get Your Gold Out Of The Banking System


‘World in indefinite depression’ (RT, Sep 19, 2014):

We are in global depression which started in 2007 and is going to continue indefinitely, Jim Rickards, economist and author of “Currency Wars: The Making of the Next Global Crisis,” told RT.

China’s central bank is injecting a combined 500 billion Yuan into the country’s top banks – a move signaling the deep concerns of an economic slowdown in China. A downturn in China`s economy, as investment is scaled back in Chinese real estate, has prompted economists to forecast further financial defaults and slowing economic growth in the second half of the year. Will this monetary easing fix China’s short-term problem and put it back on the path to prosperity in the long-term? Erin from “Boom Bust” asked economist, Jim Rickards, in her show. Continue reading »

Tags: , , , , , , , ,

Sep 09

Physical gold and silver (stored outside the banking system!) will protect your financial assets.

Even more important will be water, food, …, etc.


On The Brink Of A Major Crisis: “This Will Be A Literal Collapse of the Entire Global Monetary System” (SHFTplan, Sep 6, 2014):

Discussions of the possible collapse of the U.S. dollar often center around how such an event will affect the domestic economy. But the dollar doesn’t just operate inside of a bubble. It is the world’s reserve currency for a reason. Some sixty-six countries world-wide either utilize it as their primary currency or peg their own currencies to its exchange rate. What this means, as noted by Future Money Trends in the micro documentary below, is that if and when the dollar does come under attack the fallout will be everywhere. The collapse will happen simultaneously and affect billions of people worldwide.

This is 33% of the nations of the world all submitting their currency sovereignty to the US Federal Reserve.

If and when the U.S. loses its currency status this will be a literal collapse of the entire global monetary system… A system that is built on lies, fraud and theft.


(Watch at Youtube)

As you might have guessed, when the game is finally up it will wreak havoc across global economies, financial markets and monetary systems. Should that ever happen, those who have failed to exchange their fiat currencies for physical goods of some sort are going to have a rude awakening. Continue reading »

Tags: , , , , , , , , , ,

Aug 11

FYI.


Iraq3

America’s Secret Civil War (Veterans Today, Aug 10, 2014):

A Secret American Civil War is now being waged as Terrorist Proxy-Wars in Syria, the Ukraine and Afghanistan.

 This is a remote civil war with the “Aggressors” being Mind-kontrolled Mercenary Zombies fighting on behalf of the City of London (COL) Rothschild World Zionists (WZs), Israeli’s Leaders, Saudi Arabia and Bush Crime Cabal lackeys still deeply embedded inside the Secret Shadow Government (SSG aka the US Privatized Defense establishment).

And on the other side, best viewed as the “Defenders” which are now counter-attacking in Iraq, is the USG on behalf of the current Administration who have been playing along at times but are now directly bucking the City of London and Israeli WZs and the Bush Crime Cabal (BCC).(1)

The reason the US Administration has ordered an attack on ISIS in Iraq when they did nothing for so long? Because the ISIS made the mistake of attacking Kurdistan which has been a very strong secret Allie of the US Administration. It seems clear that this is a line that even President Obama will not allow ISIS to cross. Continue reading »

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Aug 02

India Slams US Global Hegemony By Scuttling Global Trade Deal, Puts Future Of WTO In Doubt (ZeroHedge, Aug 1, 2014):

In the last few days a new and curious question has emerged: would India embrace the US/Japan axis while foregoing its natural Developing Market, and BRICS, allies, Russia and China. We now have a clear answer and it is a resounding no, because in what was the latest slap on the face of now crashing on all sides US global hegemony, earlier today India refused to sign a critical global trade dea. Specifically, India’s unresolved demands led to the collapse of the first major global trade reform pact in two decades. WTO ministers had already agreed the global reform of customs procedures known as “trade facilitation” in Bali, Indonesia, last December, but were unable to overcome last minute Indian objections and get it into the WTO rule book by a July 31 deadline. WTO Director-General Roberto Azevedo told trade diplomats in Geneva, just two hours before the final deadline for a deal lapsed at midnight that “we have not been able to find a solution that would allow us to bridge that gap.

 

Tags: , , , , , , , , ,

Jul 26

Merkel-and-Putin

Germany looking to join the BRICS (Hang The Bankers, July 24, 2014):

Financial analyst Jim Willie sensationally claims that Germany is preparing to ditch the unipolar system backed by NATO and the U.S. in favour of joining the BRICS nations, and that this is why the NSA was caught spying on Angela Merkel and other German leaders.

In an interview with USA Watchdog’s Greg Hunter, Willie, a statistical analyst who holds a PhD in statistics, asserted that the real reason behind the recent NSA surveillance scandal targeting Germany was centered around the United States’ fear that Europe’s financial powerhouse is looking to escape from an inevitable dollar collapse. Continue reading »

Tags: , , , , , , ,