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How The BRICs (Thanks To Russia) Just Kicked The G-7 Out Of The G-20

Tyler Durden's picture


By Paul Mylchreest of Monument Securities

A critical juncture

Over the course of the last century, the US Congress has been blamed for much that has gone wrong in international relations. The unwillingness of Congressional leaders in 1919 to support US participation in the League of Nations doomed from the outset that quixotic attempt to put global relations on a rational basis. Renewed world war was the eventual outcome. Then in 1930, Congressional passage of the Tariff Act, widely known as Smoot-Hawley, marked the break-out of beggar-thy-neighbour trade practices that no less an authority on that period than Mr Bernanke has maintained contributed to the length and depth of the global depression. It is no matter that some historians argue that Smoot-Hawley merely built on the Fordney-McCumber Tariff Act of 1922; that had been Congress’s doing as well. More recently, the US Congress has resisted presidential demands for ‘fast-track’ authority to tie up international trade deals. The lack of faith of the USA’s counterparties in Washington’s ability to ratify trade agreements was an important factor in the collapse of the Doha Round, which has put a brake on the development of the World Trade Organisation. Now, the US Congress is acting in a way which could have consequences at least as serious as those that followed these past examples of obduracy.

This week the US Congress is considering a bill to provide financial aid to Ukraine. President Obama had appended clauses to this bill to ratify the IMF’s 2010 decision to increase the quotas, and hence voting power, of emerging countries, chiefly at the expense of European members, and to boost the IMF’s capacity to lend. The USA enjoys a blocking minority in IMF decision-making under current quotas, and would continue to do so after the changes; it is essential, therefore, that US ratification be secured if the reform is to go ahead. However, many members of the US Congress, especially on the Republican side, are suspicious of the IMF and its activities. Specifically, that element of the reform package which would convert countries’ temporary lending to the IMF during the global financial crisis into a permanent increase in IMF resources has roused fierce opposition. For more than three years, congressional leaders have thought better of exacerbating party tensions by bringing forward proposals to approve the IMF changes. However, the G20 meeting in February ‘deeply regretted’ that the reform was still held up and urged the USA to ratify ‘before our next meeting in April’. Mr Siluanov, Russia’s finance minister, then suggested that the IMF should move ahead with the reforms without US approval, a suggestion sympathetically received by other BRICS leaders but which would threaten to split the IMF. Mr Obama’s concern to avoid this outcome is understandable and he has argued that, since the IMF will play the lead role in supporting Ukraine’s economy, approval of the new quotas is relevant to the Ukraine legislation. All the same, Mr Reid, the Democrat Majority Leader in the Senate, yesterday stripped the IMF provisions from the text, taking the view that the bill would be given a rough ride through the Senate and no chance of passage through the House of Representatives if it retained them. It now seems unlikely that the USA will complete (or, indeed, begin) legislative action on the IMF reform by the 10 April deadline the BRICS have set. The odds are moving in favour of a showdown at the G20 finance ministers’ and central bank governors’ meeting due in Washington on that date.

International discord over Ukraine does not bode well for the settlement of differences over the IMF’s future. Though the G7 is excluding Russia from its number, in retaliation for its action in Crimea, this does not amount to isolating Russia. There has been no suggestion that Russia be excluded from the G20. The USA and its allies have suspected that several other G20 members would not stand for it. This suspicion was confirmed yesterday when the BRICS foreign ministers, assembled at the international conference in The Hague, issued a statement condemning ‘the escalation of hostile language, sanctions and counter-sanctions’. They affirmed that the custodianship of the G20 belongs to all member-states equally and no one member-state can unilaterally determine its nature and character. In short, their statement read like a manifesto for a pluralist world in which no one nation, bloc or set of values would predominate.

Meanwhile, Mr Obama has also been active at The Hague fostering warmer relations between South Korea and Japan. His aim seems to be to contain China’s expansionism in the Asian region. But US worries in this regard may be exaggerated to judge by a recent article in the PLA Daily, the official media outlet of China’s military. This urged China’s leaders to study the history of the 1894-95 war with Japan, which China lost decisively despite being at least as well equipped. The concern in Beijing seems to be that problems of corruption and nepotism in the PLA today are no less serious than they were in China’s forces in 1894. That may well deter China from taking military action. However, to the extent that China lacks confidence to use military force, it may be all the more intent on wielding financial weapons in pursuing its geopolitical aims. Beijing  leaders have long dreamt of displacing, or at least dethroning, the US dollar from its reserve currency role. US dominance of the IMF is one of several effective bars to the achievement of such a goal. The kind of action Russia is advocating, the BRICS wresting control of the IMF in despite of US veto power, might have some appeal. That would mark the end of the unified global monetary system that has developed since the IMF was founded in 1945, to be replaced by a bloc of fiat currencies in the developed countries and a system in the emerging sector where currencies were linked to drawing rights in some new international fund, possibly with some material backing. It seems unlikely that convertibility between these monetary systems could be maintained for long. Consequently, the 10 April meeting is shaping up as a potentially critical juncture in world economic history.


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Wed, 03/26/2014 - 20:40 | 4596601 Peter Pan
Peter Pan's picture

I think those BRIC members have just hit the G-Spot.

Wed, 03/26/2014 - 20:54 | 4596657 ApollyonDestroy
ApollyonDestroy's picture

Speaking of G-Spots, how are you Peter?

Wed, 03/26/2014 - 21:02 | 4596692 Richard Chesler
Richard Chesler's picture

Looks like Obozo picked the wrong week to stop smoking choom.

Wed, 03/26/2014 - 21:17 | 4596736 Keyser
Keyser's picture

And the plot thickens. Won't be long before the BRICS abandon the green back for good. 


Wed, 03/26/2014 - 21:58 | 4596926 Stoploss
Stoploss's picture

Can they make the print smaller??   I can still read it.

Wed, 03/26/2014 - 23:46 | 4597280 clooney_art
clooney_art's picture

World's creditor countries kicking out world's poor countries out !!!!!!! yey !

Thu, 03/27/2014 - 04:51 | 4597650 jeff montanye
jeff montanye's picture

more like world's creditor countries kicking out world's rich but soon to be poorer countries.

trying to get ukraine into nato, with subsequent missile sites established, is turning out to be one of the worst ideas generated by a series of administrations getting really famous for bad ideas.


Wed, 03/26/2014 - 21:16 | 4596754 Raynja
Raynja's picture

I guess you didn't watch him talking about regional powers and nuclear bombs in manhattan yesterday, cause he was high as a mofo

Wed, 03/26/2014 - 22:11 | 4596981 Canadian Dirtlump
Canadian Dirtlump's picture

Regional power acting out of weakness > doing lines off a toilet paper dispenser that would choke a billygoat.



Wed, 03/26/2014 - 20:41 | 4596604 Hughing
Hughing's picture

All acording to plan.

Wed, 03/26/2014 - 20:42 | 4596609 screw face
screw face's picture

that's Briiics...bitchez

Wed, 03/26/2014 - 20:43 | 4596612 alfred b.
alfred b.'s picture


   Would this be the time to "applaud",


Wed, 03/26/2014 - 21:20 | 4596769 Omen IV
Omen IV's picture

this is not being reported hardly anywhere but is indicative of a complete breakdown in credibility of obama and the usa - he is finished - the lamest lame duck in history:

Lopsided vote at the Organization of American States (OAS) on Venezuela on March 7. Twenty-nine of 32 countries not only rejected Washington's attempt to get the OAS to intervene in Venezuela, but to add insult to injury, passed a resolution expressing their solidarity with the government of President Nicolás Maduro. It is hard to imagine a more resounding diplomatic defeat in a body where the U.S. government still has quite a disproportionate influence

Wed, 03/26/2014 - 20:47 | 4596623 RaiZH
RaiZH's picture

Is learning to speak Russian any easier than Mandarin? 

And anyone got any really good resources they could recommend to begin learning either language...


Wed, 03/26/2014 - 20:58 | 4596675 ApollyonDestroy
ApollyonDestroy's picture

Yes, move there. You'll know the language in a year, maybe less, if you are smart.

Wed, 03/26/2014 - 22:18 | 4596978 tom a taxpayer
tom a taxpayer's picture

Moving to Brighton Beach in Brooklyn might learn him Russian language in half the time and half the cost.

With the time saved he could take the subway every other day to Manhattan's Chinatown, wash dishes in restaurant, and learn Chinese.

Wed, 03/26/2014 - 22:38 | 4597075 EatYourCornTake...
EatYourCornTakeyourPill's picture

HAHAHAHAH! Classic +10k up votes.

I know Russian and I wish I knew Spanish instead. A lot of you guys probably can't tell your dicks from your balls.

Wed, 03/26/2014 - 23:02 | 4597152 IridiumRebel
IridiumRebel's picture

La cunta que tu madre jueve como limpiador de alfombra.

Wed, 03/26/2014 - 21:32 | 4596824 JuliaS
JuliaS's picture

If Snowden can do it...

... wait, I think I hear someone knocking at my door. Back in a sec...

Wed, 03/26/2014 - 21:55 | 4596916 Boomberg
Boomberg's picture

Rosetta Stone can get you going with conversational Russian fast, but it's pricey. 

Sat, 03/29/2014 - 14:45 | 4605745 grok
grok's picture

Forget Rosetta Stone. Duolingo is the new hotness and it's free. It's amazing really.

Wed, 03/26/2014 - 22:10 | 4596977 gallistic
gallistic's picture

I cannot vouch for its quality, and I cannot tell you if it is "good", but RT has a free section on learning Russian which is geared towards complete neophytes. It might be worth a look.

Good luck in your learning quest.

Thu, 03/27/2014 - 15:11 | 4599776 daveO
daveO's picture


Wed, 03/26/2014 - 20:53 | 4596653 LetThemEatRand
LetThemEatRand's picture

Remind me what good has come for the American worker from the free trade agreements with these countries?   

Wed, 03/26/2014 - 20:55 | 4596662 Soul Glow
Soul Glow's picture


Wed, 03/26/2014 - 21:15 | 4596746 Keyser
Keyser's picture

Well, if you're lucky you might get a reach-around. 


Wed, 03/26/2014 - 21:18 | 4596759 Raynja
Raynja's picture

if you own the company or work for the company?

Wed, 03/26/2014 - 21:45 | 4596884 LetThemEatRand
LetThemEatRand's picture

Exactly right.  These agreements made a few people very wealthy at the expense of the U.S. middle class.  

Thu, 03/27/2014 - 05:05 | 4597653 jeff montanye
jeff montanye's picture

in all fairness the u.s. had won ww2 with its industrial capacity and workforce largely intact; china, russia, eastern europe and india were out of the market system; and financial information was obscure and slow moving.  as the effects of these factors changed, the relative position of the u.s. worker was going to change too.  

however since growing inequality of income and wealth was already a critical flaw of capitalism, it didn't need accentuation through corrupt government.

Thu, 03/27/2014 - 15:25 | 4599850 daveO
daveO's picture

Bankers greed, not Capitalism. Huge trade imbalances are impossible with a Gold Standard or Free Market interest rates. These were abolished. Nixon's gold decision started the flood of cheap Asian imports from Japan and Taiwan. China's has been funded by 26 years of Interest Rate Suppression. 

Thu, 03/27/2014 - 15:15 | 4599801 daveO
daveO's picture

And, at the expense of Dollar holders everywhere. And, the snowball (of bad debt, caused by a lack of industrial base) is just starting to roll. 

Wed, 03/26/2014 - 21:24 | 4596793 Rakshas
Rakshas's picture

I remember the begining negotiations of NAFTA between Canada and the US then later Mexico, the unions bosses and Politicians {I guess that's somewhat redundant} were asking Whats in it for me the corporations were busy repositioning production facilities and the sheeple were oblivious.  After the better part of 3 decades of this bullshit the question that should be asked whenever some Political asswipe starts selling another strategic trade partnership is How are you going to fuck me out of what little I have left......... and where is my daughter....


Thu, 03/27/2014 - 03:20 | 4597595 Lore
Lore's picture

Agreed.  NAFTA is for scum.

Wed, 03/26/2014 - 21:05 | 4596664 Soul Glow
Soul Glow's picture

The G-7 are morons.  We are witnessing some of the most moronic behavior by world leaders - can we call them leaders - ever.  


[M]any members of the US Congress, especially on the Republican side, are suspicious of the IMF and its activities.

Ha!  Yeah right.  The GOP loves "free trade" and armed banks like the IMF.

Wed, 03/26/2014 - 21:04 | 4596702 franciscopendergrass
franciscopendergrass's picture

Great, we are headed to entangling alliances again.  Thanks, United States . . . err . . . i mean . . . G-7.

Wed, 03/26/2014 - 21:05 | 4596707 Rakshas
Rakshas's picture

Whoa, whoa, whoa...... ain't nobody kickin' nobody out of nuthin' ........ slaves don't whip masters ...... they ..... er hold on there's someone at the door....







Wed, 03/26/2014 - 21:07 | 4596710 Event Horizon
Event Horizon's picture

WH Petition for Alaska to re-join Russia up to 28,435

Wed, 03/26/2014 - 21:16 | 4596752 Dickweed Wang
Dickweed Wang's picture

. . . . which has put a brake on the development of the World Trade Organisation.

And that's supposed to be a bad thing?? The WTA, NAFTA and GAT are all main reasons why the US has a shell of it's manufacturing base it had 20 years ago and why there are no good middle class jobs left anymore.  Good riddance to the IMF also . . . . may it rot in hell.

Wed, 03/26/2014 - 21:21 | 4596781 john_connor
john_connor's picture

This guy implies that fast tracking international trade deals is a good thing. Just another statist, one world government douchebag.

Wed, 03/26/2014 - 21:27 | 4596802 holmes
holmes's picture

Fuck the IMF and Fuck Ukraine. They made their own bed by thowing out their elected president. Now sleep in it. Not a dime to either of them. Let that prick Soros take care of them.

Wed, 03/26/2014 - 21:50 | 4596897 Ifigenia
Ifigenia's picture

and Vitoria Nulland with her cookies to feed the hungry ukranians.

Wed, 03/26/2014 - 21:55 | 4596915 LetThemEatRand
LetThemEatRand's picture

Ukraine was really banking on its Buffet bracket.  

Wed, 03/26/2014 - 21:43 | 4596848 Ifigenia
Ifigenia's picture

"Russia said it expects to participate in the Group of 20 meeting in Australia in November, despite warnings that it may not be welcome. Australian Foreign Minister Julie Bishop raised the possibility that Putin might be barred from the summit. Australia has joined other Western nations in placing economic sanctions on dozens of Russian leaders." in Washington Post By and ,

Published: March 25


So, it seems the Ukraine`s crisis is just a plot to camuflage the big powers battle inside the IMF. The Vitoria Nullen free cookies are begining to adquire new and big meanings.

Wed, 03/26/2014 - 21:38 | 4596852 Rising Sun
Rising Sun's picture

Barry must be shitting BRICs

Wed, 03/26/2014 - 21:39 | 4596858 tony bonn
tony bonn's picture

the g20 displayed the statesmanship which is beyond the grasp of the infantile obama and frat boy coterie totalitarian juveniles

Thu, 03/27/2014 - 03:44 | 4597608 Ifigenia
Ifigenia's picture

G-20 is the biggest boys club of the World, just a few example: Saudi Dinosaur, Sleak David Camillion, Frau Hitler, Mao Xi, Atomic Abe, Hollande the Eunuch, Kremlin Batman, Favela Dilma, Kamasutra Libido Singh, Zero-Sum Zuma and the last but not the least caddie boy uncle General Bambang.

So, is easy to conclude a caddie boy has no place there, not even by leading from behind

Wed, 03/26/2014 - 21:53 | 4596908 diluted intelligence
diluted intelligence's picture

easy on Barry - he is only trained for G18 ( 18 Greens)

Wed, 03/26/2014 - 22:03 | 4596947 NoWayJose
NoWayJose's picture

How much longer until the G-20 become the G-19 -- without the US!

Thu, 03/27/2014 - 05:27 | 4597666 Fractal Parasite
Fractal Parasite's picture

... and the G-4½ becomes the g1.

Wed, 03/26/2014 - 22:12 | 4596986 besnook
besnook's picture

the usa is a monty python movie. among many, two apprpriate lines for the current situation are, "i fart in your general direction ." and "i have not yet begun to fight."

Wed, 03/26/2014 - 22:52 | 4597068 Drifter
Drifter's picture

Article never says how G20 supposedly kicked G7 out.   Just a bunch of anectdotal facts and disconnected thoughts from a writer who must be getting paid by the word, IOW, bullshit (and I'm seeing lots more bullshit like this on ZH these days).

We're closing in on a paradigm shift that will make IMF, World Bank, BIS and similar western "white shoe" carboard facades meaningless, and that paradigm shift is the emerging asian alliance (best characterized by SCO) abandoning USD once and for all, bringing the defacto end of USD reserve currency status (and subsequent collapse of the western financial system).

There's all kinds of attempts to deflect attention from it, like "BRICS" and "emerging market countries" and similar meaningless distractions. 

You never hear about SCO because the western "white shoe" boys are deathly afraid of it, and they (and their controlled media) don't talk publicly about things they're morbidly afraid of. 

BTW, western "white shoe" boys were permanently banned from SCO meetings.

Thu, 03/27/2014 - 03:25 | 4597597 Lore
Lore's picture

Oh yeah?  Well, we have the Trans Pacific Partnership (TPP).  #tongueincheek  #scorn

Wed, 03/26/2014 - 22:54 | 4597135 Ifigenia
Ifigenia's picture

Could this article shed some light or is just an conspiracy?


"It was the evening of September 10th, 2001. A close associate of mine had just called to tell me that his flight was delayed and he was stuck at the airport in Nova Scotia, Canada. Apparently, he said, there had been some sort of attack in New York and certain flights with certain airlines had been cancelled or delayed. But before midnight he was in fact on a plane heading west.



Of course the next morning we all awoke to the well-known and infamous events which someone had expected at least 12 hours before.

A lot has been written about those attacks over the last 13 years. The focus has always been on who was behind the attacks and who knew about it. The media bombarded the masses with the slogan “Attack on America”. Still today, it is referred to as the “Attacks on America.”

For the first time I propose that this event was not in fact an attack on America but an attack on a system. Allow me to explain.

There are many amongst us who recognize the intentional engineering of national identities and their associated patriotic propaganda. From our early school years and into the work force as adults we are conditioned to relate to the world in terms of national boundaries and economic metrics, including currencies and exchange rates, indicators which are of special interest to the readers of this blog.

Nowhere is it ever explained or revealed to us about the method of money creation through debt and fractional banking practices. These practices are structured around fiat currencies, the main purpose of which is one of wealth transfers by way of taxation through inflation.

No attention or focus is given to this financial system or its true mechanisms and applications. The astute person can easily discern that the US dollar has in essence been the world currency since 1913. The status of the dollar received a huge injection of liquidity potential in 1944 with the Bretton Woods Agreement. This potential was fully realized in the forthcoming decades and the wars that came with them as the Federal Reserve printed massive amounts of money which was exported around the world to the foreign asset accounts of governments and central banks.

Countries which hadn’t yet succumbed to a central bank structure that could support the dollar inflation system were subjected to economic sanctions and outright war. These countries were decimated through the sanctions and wars with the outcome always being the implementation of a central bank beholden to the Bank for International Settlements and loans from the International Monetary Fund and World Bank to cover re-construction costs. Re-construction contracts were mostly awarded to American companies with accounting balanced in American dollars.

Countries that didn’t accept the terms as offered, such as Vietnam, were discarded and prevented from participating in the dollar dominated and denominated economy of the world. This imbalance built a movement of resistance around the world.

Let’s keep in mind the irrelevance of borders and national identities as we plod forward and introduce readers to a group of scientists called JASON. The name JASON is taken from the ancient story of the Golden Fleece which we now recognize as a symbolic telling of the process man must take on his esoteric journey in this world. This is the alchemical mysteries, which is further explained in the post The Failed Alchemical Process of America, where the mortal man is represented as the base metal and must become the immortal man, which is represented by gold. Alchemy is involved with turning base metals into gold. Jason and the Argonauts seeking the Golden Fleece is the symbolic story of man seeking his immortal self.

JASON was established in 1960 by the United States Department of Defense and was controlled indirectly by DARPA and the MITRE Corporation. The mandate of the group was the engineering, design, and development of everything from High Frequency Gravitational Waves to the Human Genome Project. Ask yourself why a group of scientists involved in the development of such technology would name themselves after a symbolic story such as the Golden Fleece.

Like specific international banking interests invested in and supported Nazi Germany and its technology and experiments, so have these same banking interests invested in and support America as the tool to expand and develop the projects which it has carried from empire to empire. The creation of the dollar debt based system was specifically designed and expanded with a much broader intention and purpose than most people will ever realize, or want to realize.

The most intelligent minds on the planet were recruited by JASON and the MITRE Corporation to work on the mandates of DARPA.

It is my contention that JASON slowly and quietly began building a substitution to the dollar based financial system as a method of mutiny and resistance to what they eventually saw as an unsustainable future with a corrupt process.

This substitution system was designed and installed by stealth and was supported by select individuals in positions of authority and influence. The substitute system was on the verge of being fully implemented when the attacks of September 11, 2001 took place.

JASON built their system directly within the structure of the current dollar system as a means of a pre-emptive defensive move to eliminate or lessen the potential of a counter move or outright attack against them.

The new system was integrated within the halls and floors of the World Trade Center.

Factions within the Pentagon were supportive of JASON and funnelled money to support its aims. Do you recall the $2.3 Trillion which was missing from the Pentagon’s budget and announced to the world on September 10, 2001? Did this ever sit well with you? Was this ever fully explained? How does $2.3 trillion go missing and where does it go?

And everyone was so busy trying to find evidence of plane wreckage on the field in Pennsylvania that no one stopped to wonder what was under that field.

Conspiracy theories and investigators of that time period, and since, have discovered more than enough evidence to support the claim that America in fact attacked itself that day. But the conclusions as to why they attacked themselves have been wrong. Does it really make sense that America or its international interests would orchestrate an attack like 911 as a pretext or excuse to invade other countries and secure resources, or expand other markets for the dollar? Of course not, they could have used any number of other excuses to achieve that end.

There was a sense of urgency and panic about that day. The planning was not complete and showed in the obviousness of its staged operational structure. JASON had turned against its masters and its substitute system needed to be stopped and the veins removed. The threat to the dollar system and how the world was controlled was at stake. The consequences of attacking and removing JASON from its hiding places would have to be mitigated after.

A few months after 911 in early 2002, DARPA severed its ties to JASON and all funding was removed.   In 2011 JASON apparently received funding once again from the office of Defense Research and Engineering.

Let us analyse this. The 911 attacks were an attempt to stop JASON from fully implementing a substitute financial system to the dollar debt based system. The plan stopped the ascension of a new multilateral system but the banking interests that controlled the dollar system used its weapon America to track down and remove JASON and its supporters from the positions of influence and power it held around the world. The so called War on Terror can be thought of as the bankers campaign to track and remove JASON from around the world.

But JASON prevailed and was not so easily eliminated. The financial crisis of 2008 was in fact another shot at the system by JASON. The dollar system responded by printing and exporting more debt by way of QE, a form of economic weapon that would ensure as much of the world as possible would be awash in dollar debt. This was purely for leverage and negotiating points. Time will tell how well it has worked as QE is reduced and shifted onto other forms of capital assets.

After a decade of wasteful attempts, the international banking interests finally realized that they had to negotiate a settlement and implement a new multilateral system with JASON and its supporting countries and interests.

The first official agreement from this negotiating was the International Monetary Fund’s 2010 Quota and Governance Reforms. Though there are still some objections to this within the American political hierarchy, the inevitability of its full implementation is obvious.

The rest of the world, as represented for now by the G20 countries, is calling for a new multilateral financial system for the 21st century. Does anyone really think that America, a country who was used by the international banking interests to support and expand a worldwide financial system, will be able to do anything but be consolidated within the new system?

JASON, for its part, has negotiated a truce or level of economic balance for the world, but it is still based on the original principles and goals of the group, as defined by the list of projects and mandates which were assigned to it.

Like a Hollywood espionage thriller, which one of us can tell, with any level of certainty, who is on which side and which side is playing for whom?

The metals trading division of the Canadian Bank of Nova Scotia, known as ScotiaMacotta, had its gold stored in the World Trade Center on the day the attacks took place. The gold was recovered and put back into trading. It’s interesting to note that ScotiaMacotta was the first Canadian bank to enter the Shanghai Gold Exchange in 2008. As readers of the series SDR’s and the New Bretton Woods know, the Shanghai Gold Exchange will play a huge role in the new multilateral financial system which is slowly emerging.

Further evidence of the structure of this system was recently published by the Bank for International Settlements as BIS Working Paper – No.444.

In the coming months and years this new centralized SDR system will continue to emerge and the G20 will eventually become the G33. The sovereign debt chaos created by the expansion of the dollar and QE will become the new order of the SDR composition and allocation system. – JC Collins" in

Sorry, i have to copy and paste, because the previous articles are all out of line, including that juicy one about Bretton.. something

Thu, 03/27/2014 - 06:54 | 4597745 tip e. canoe
tip e. canoe's picture

some one linked to this blog last weekend (was it you?).   anyways, whomever did, thanks.   i read the whole thing, all the entries.   it definitely provides much color to the lines that are being drawn on the surface.

will leave the question as to whether it's reality or tinfoil up to the mind of the beholder.   however, imho, the author, much like fofoa, does an excellent job in riding a fine line between the two.

the entire business of sneaking the IMF 2010 reforms into the Ukraine funding bill should make everyone's ears perk up for sure.

methinks that that IMF meeting in DC in early April will have momentous implications.   historic ones, even.   even if most people won't even be aware that it took place (much like Nixon's closing of the gold window).

Thu, 03/27/2014 - 09:49 | 4598092 WhyWait
WhyWait's picture

Challenging unanswered and under-asked questions about 9/11 here, about what was going on in the WTC, the missing DOD trillions, etc.  But my experience of scientists leaves me very skeptical of the claim that any collection of them would or could ever be trusted with the care and keeping of a NWO.

During the Manhattan Project, the scientists involved justified what they were doing - the creation of a terrible, transformative new weapon of war - with fantasies that they would somehow have some control over how and for what it would be used.  When it became clear that both Germany and Japan were beaten and that no one besides the US was working on The Bomb, some of those scientists simply quit.  A much larger number resolved together that the Bomb would just not be used militarily, and set out to persuade Truman of their view.

What they discovered ws that they had no power or say whatever in who was going to control the Bomb, for what purposes, or how why or when it was going to be used.  They had simply allowed themselves to be hired by a cabal of powerful and unaccountable people to do a job, never even knowing who they really worked for, and had justified it to themselves by buying into the war propaganda and public relations magic of that cabal.  A cabal which we can see in hindsight was even then in no way morally superior to, or even very different from, those that ruled Germany and Japan.

Some of those scientists knuckled under and resigned themselves to being silent cogs in the machine.  Some dropped out after the war and slipped back into academic obscurity, and some were openly driven from the public arena.  A few like Edward Teller, a fascinating and I would have to say delusional thinker and story-teller, embraced the ghoulish enterprise of putting ever more terriblble weapons into the hands of their masters, and fancied themselves as partners.  Others spent the rest of their lives atoning by publicly denouncing and trying to expose the deception and the terrible danger the Bomb now presented to the country and world they had believed they were protecting.

Is the situation different today?  I don't doubt that crews of top scientists might be employed to analyze the world financial system and design a new one.  But power does not flow from the minds of even the most brilliant thinkers, nor is there anything in the training and discipline of science that would shape them into trustworthy, reliable, disciplined and closed-mouth participants in a great conspiratorial enterprise.

No, in a world dominated by super-wealthy families, I would not look in the science faculties of MIT, Chicago, Harvard or Cal Tech for emerging and conspiratorial centers of power, or for the sort of men who would be capable of maintaining the discipline and loyalty to such a project and keep it's secrets over time-spans of decades and generations.

Rather, I'd look to places like the Skull and Bones Society for that.

Wed, 03/26/2014 - 23:11 | 4597175 bluskyes
bluskyes's picture

Those war drums in the distance are getting louder.

Wed, 03/26/2014 - 23:36 | 4597248 undertowed
undertowed's picture

BRICS countries make up 42% of the world population. They can take or leave any G-7,8,10, or 20. BO needs to do the math

Wed, 03/26/2014 - 23:37 | 4597255 undertowed
undertowed's picture

BRICS countries make up 42% of the world population. They can take or leave any G-7,8,10, or 20. BO needs to do the math

Wed, 03/26/2014 - 23:39 | 4597259 undertowed
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BRICS countries make up 42% of the world population. They can take or leave any G-7,8,10, or 20. BO needs to do the math

Thu, 03/27/2014 - 11:17 | 4598596 Winston of Oceania
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Most of that percentage have no capital nor any means to acquire even the rights to own it.  You would all do better to help us fix things than to become an adversary. You must start by protecting private property over an oligarchs call for "collective" solutions.

Wed, 03/26/2014 - 23:47 | 4597282 joego1
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First they wouldn't clap for his speech and now they are throwing the brics at him.

Thu, 03/27/2014 - 02:34 | 4597561 Incubus
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I bet Obamao's going to shit brics when he realizes that he's just a fall guy, like Tim Osman was.

Thu, 03/27/2014 - 07:01 | 4597753 vyeung
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The war drumbs are mainly a US led approach. The imperilism was exported from the UK to US. That much is clear. How you say, well the Bank of England control the western financial system and through the Fed which is control, they also control the foreign policy approach of the US through its DC puppets. So, to put it bluntly, although the US population is in general a peaceful population, the neocons in charge are anything but. The IMF is just another front for these scums to rob foreign nations as well as the US. The banksters are cunning and evil in every possible way. They are truly wolf's in sheep clothing.

Why do people still think that moving forward the IMF has a future? Its existence is but a handful of decades and was solely created by the western powers for it own agenda post WWII? BIS, World Bank are all of the same.

"He who has the gold makes the rule." - Will know soon enough whether this is true.

Thu, 03/27/2014 - 08:27 | 4597911 esum
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benedict arnold obama hard at work to undermine the ussa....again and at every turn. when is congress going to grow some

Thu, 03/27/2014 - 10:10 | 4598159 falak pema
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Yipee; Thanks to the BRICS --and Putin gesture in Crimea-- the World now moves back to the mood of the Bandung Conference of 1955; where third world leaders pronounced their defiance against being caught up in the Cold War dialectics and affirmed their determination to find a "third way".

It unleashed the ire of the Dulles Brothers, who had already shown their mettle in Gautemala and Iran in 1953/54...

They swore to take out those third world leaders and they succeeded with the exception of Nehru. CIA and Anti-commie minded Dulles's State Dept. were an awesome combination for third world in that roll back initiated by them, from Nasser to Sukarno to Algeria to Allende-- all the while war and military aid reduced NAm and Pakistan into Napalm and Agent Orange cinder and paid surrogate militarized slave regime respectively. 

Now the ghost of Nehru can sing : I'M BACKKK...

Just to put this amazing turn around in romanticised context, I would like to use a historical novel to highlight this TIPPING POINT event by referring to the Count of Monte Cristo; a novel about awesome "payack".

In that novel a simple sailor has his life destroyed by the conspiracy of three powerful men who have everything to gain by his downfall; a banker, a public prosecutor and an adventurer friend, who will become the Count of Morcef and will also pinch the man's loving fiancé.

A similar situation has developed in the current context. The Count of Morcef can be assimilated to be the man that ran France in 2011 and organised the downfall of the Bey of Tripoli (in the novel its the Bey of Janina, a man he had sworn to defend and whom he betrayed and whose daughter he sold as slave). Q-daffy and daughter could fit that role to a T in the rape of Libya where it is now being investigated if Sarkozy did or did not benefit from Q-daffy's largesse for his election in 2007... history rhymes thanks to the fertile minds of novelists. 

Are you following me ? So who then is the Count of Monte Cristo today who will reek vengeance on the Dirty Three conspirators (in today's world the US/France/UK for their concerted actions both in the financial debacle as in the Oil/Ukrainian oligarchy shenanigans). 

Enter Putin. The death of Q-daffy, which followed up the UN resolution to "save" Benghazi's "Arab spring"  from Tripoli's retaliation, was deemed the straw that broke the camel's back by both Russia and China. As the UN resolution was NOT about regime change but motivated on HUMANITARIAN grounds. That Q-daffy massacre was seen like what happened to the  Bey of Janina in the novel; rampant predatory oil guzzling action disguised as humanitarian motivated extension of UN mission. The Count of Morcef rides again to destroy a friend for his own personal glory won on the back of treachery...or so it is suspected. Lets face it, like John Ford said : print the legend! 

Thus in the present geopolitical context Putin-- the new count of Monte Cristo (He is Mr Gazprom!)-- drew the line in Syria and now in Crimea and asked the Dirty Three to come before the court of international public opinion; just as the Snowden caper has shown that the same three are involved in "Internet peep holing" on the world in defiance of individual constitutional freedoms.

Play on the Count of Monte Cristo, if you can now bring king dollar down to its shitty titty knees you will have done a service to humanity by exposing the greatest heist of capitalism by the Oligarchs and crony Baloneys of this corrupt age. 

"Fuck you People of Europe Indeed!..."

Great novels ARE TRULY ETERNAL. 

Thu, 03/27/2014 - 22:42 | 4601354 nathan1234
nathan1234's picture

Victoria Fcuk Nuland said they had spent $5 billion creating the unsavoury condition and the coup.

Now they throw in $1 billion as aid? And officially passed through Congress?

So where did the $5 billion come from? Drug money laundered?



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