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BRICS Bank Officially Launches As Sun Sets On US Hegemony
Before the Asian Infrastructure Investment Bank and, to a lesser extent, the Silk Road Fund became international symbols for the end of Western economic hegemony, there was the BRICS Bank.
Or at least there was the idea of the BRICS bank.
The supranational lender imagined by Russia, China, Brazil, India, and South Africa is, like the AIIB, largely a response to the failure of US-dominated multilateral institutions to meet the needs of modernity and offer representation that’s commensurate with the economic clout of their members. As Bloomberg points out, the countries’ combined economic output is now roughly equal to that of the US. “Back in 2007, the U.S. economy was double the BRICS,” Bloomberg notes.
As a refresher, here’s how the Washington Post described the bank’s structure and purpose on the heels of last summer’s BRICS summit in Fortaleza:
The NDB has been given $50 billion in initial capital. As with similar initiatives in other regions, the BRICS bank appears to work on an equal-share voting basis, with each of the five signatories contributing $10 billion. The capital base is to be used to finance infrastructure and “sustainable development” projects in the BRICS countries initially, but other low- and middle-income countries will be able buy in and apply for funding. BRICS countries have also created a $100 billion Contingency Reserve Arrangement (CRA), meant to provide additional liquidity protection to member countries during balance of payments problems. The CRA—unlike the pool of contributed capital to the BRICS bank, which is equally shared—is being funded 41 percent by China, 18 percent from Brazil, India, and Russia, and 5 percent from South Africa.
On Tuesday, ahead of this year’s summit in Ulfa, the BRICS countries officially launched the new bank along with the reserve currency pool. Here’s WSJ:
The group of five major emerging economies known as Brics launched a development bank on Tuesday ahead of a summit in the Russian industrial city of Ufa, where Russia seeks to demonstrate it hasn’t been isolated by Western sanctions.
The long-planned development bank, aimed at financing projects mainly in member countries Brazil, Russia, India, China and South Africa, will select its first projects to finance by the end of the year, Russian Finance Minister Anton Siluanov said on Tuesday. The countries’ national banks also signed a deal Tuesday to create a $100 billion reserve fund by the end of July that can be tapped in financial emergencies.
The Bank of Russia said it signed an “operational agreement” with Brics counterparts to create a $100 billion pool of mutual reserves. The group agreed to create the fund in 2013 as an alternative to the International Monetary Fund, after seeing investors pull money away from emerging economies, causing their currencies to weaken.
The currency pool would be drawn on by the central banks of Brics states whenever they suffered a shortage of dollar liquidity, helping them maintain financial stability, Russia’s central bank said.
China will contribute $41 billion to the currency pool. Brazil, India and Russia will each provide $18 billion, while the remaining $5 billion will come from South Africa.
The BRICS nations will also look to begin settling more trade in national currencies, a shift we highlighted recently in “The PetroYuan Is Born: Gazprom Now Settling All Crude Sales To China In Renminbi”, “PetroYuan Proliferation: Russia, China To Settle "Holy Grail" Pipeline Sales In Renminbi,” and “De-Dollarization Du Jour: Russia Backs BRICS Alternative To SWIFT.” This comes at a convenient time for Russia, which is attempting to diversify away from the dollar amid Western economic sanctions (recently extended into next year) imposed on Moscow in retaliation for the Kremlin’s perceived involvement in Ukraine. RT has more:
BRICS countries will definitely start using their local currencies for mutual settlements quite soon, the head of Russia’s VTB bank Andrey Kostin told RT Wednesday at the BRICS summit in Ufa.
“We definitely see a growing interest from the countries to make settlements in local currencies,” the CEO of Russia’s second biggest bank said. 40-50 percent of all the mutual settlements among the BRICS countries can be performed in domestic currencies, Kostin estimated, RIA reported.
The Chinese yuan as the leading currency can be used in settlements among BRICS member states, Kostin said, adding that the Russian ruble can be used for that as well.
He says there will be a growing interest from leading Russian exporters to the process of switching to national currencies.
And of course no story about the BRICS bank (or the AIIB for that matter) would be complete these days without some mention of Greece and the possibility that Athens may be forced to look elsewhere for help in the event it's driven out of the euro and Jean Claude-Juncker's "humanitarian" plan B proves inadequate to keep the country out of the Third World after Berlin digitally bombs its citizens back to barter status. For today's Russian/Chinese pivot allusion, we go to IBTimes:
Greece could get financing from the New Development Bank operated by Brazil, Russia, India, China and South Africa (BRICS) if it buys a few shares of the institution to become a member. The bank, which is set to begin operations next April, is seen an alternative to Western financing.
Deputy Russian Finance Minister Sergey Storchak said becoming a part of the bank would require Greek officials to make a political decision.
"We do not have any co-relation between a contribution and an amount of funding,” Russian news agency Tass quoted Storchak as saying. “There is general agreement that the system of the countries’ assets will be balanced."
Russian Finance Minister Anton Siluanov said Tuesday it is necessary for the new bank to "carve out a niche" since competition among international banks is intense.
Yes, the bank must "carve out a niche", and preferably one which takes every opportunity to undercut the influence of the US-dominated multilateral institutions that have defined the post-war world and served to underwrite six decades of dollar dominance.
So we suppose it's not all bad news for China these days. Beijing may have a decelerating economy and a stock market collapse on its hands, but at the end of the day, the country now controls not one (AIIB), not two (Silk Road Fund), but three (BRICS bank) development banks, which gives Xi Jinping quite a few options when it comes to embedding the yuan in global investment and trade which, in the long-run, is far more important than where the SHCOMP closes on Thursday.

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Locus Of Global Power Shifts From The West To The East
Holy Fuck. USA is done. Toast.
goD! Why have you foresaken us to these goddamn cocksucking bankers?!
In other news, WW3 is right on schedule. Hopefully it's just the cockroaches & jellyfish left when it's over.
Herding the lemmings into the kill net. Sure, your money is safe here.
Hope and change lol
No fan of the US $ here, but a bank based on the fiat currencies of China, Brazil, Russia and India?
What could possibly go wrong?
Good luck with that...
Zero Hedge has done good exposes & journalism before (even groundbreaking journalism & analysis, i.e. HIgh Frequency, Dark Pools, etc.), but is FULL OF SHIT and reads like Russia Times on this BRIC Bank bullshit.
The U.S., diseased as it may be, is far stronger than Ebola stricken China, India, Russia & Brazil.
Long USD.
Once again, I would like to take this auspicious occasion to give heartfelt thanks to the Fed, the ECB, the IMF, the World Bank and particularly the U.S. government and the EU technocrats for completely F’ng up the world monetary order, pissing away your advantages and forcing the BRICS and their emerging nation supporters to give you the finger and tell you to go pound sand.. which you seem to be doing aggressively in the Middle East.
First country to take loans from the BRICS and AIIB will probably be China to prop up it's tanking markets and eroding GDP
India is going to sign the FATCA treaty this month. India is fukushimad too.
The BRICs aren't doing anything. All those nations are 2nd teir loser states. Who writes this garbage?
May you have many corruption free days at your birth.
--New Chinese Saying
the split is to corral all the nations into the pheonix after the now starting fire. permanently.
+1000 North America is still the BEST fucking horse in the glue factory by far. Close second will be South America. Lower down is Europe and then China and Asia and I forget the last one.
Get rid of the Globalists and banking scum and we can rebuild.
North America is still where its at but going down at breathtaking speed.
TIS,
Gold, not electrons, underpins the bond market and all the synthetic crap attached thereto.
If you don’t believe me, go ask that pillar of virtue, Larry Summers or the now walking dead Alan Greenspan.
The dollar has the mo literally because of inertia and tradition.
Show me the gold and then I will decide where the monetary strength lies.
I think that maybe we are trading many electrons for heavy armor right now because we know the monetary strength order will shifting in the near future.
TiS,
i've learned many things from your postings over the years, however, i think during this turbulent time the tylers have remained exceptional. nowhere else do you encounter such comprehensive thorough coverage. fearless, in depth. i have learned so much from contributers but few touch the consistent clarity provided daily by the tylers. they are breathtaking in their far reaching research. we all have tired after 6years but the tylers do not show it. they continue the good fight. i am sorry they don't always suit what you desire but take a long deep breath and realize all the good they do. ;-)
Dude, I'm not sure if it's a MDB thing, it's so hard to tell with the current status of ZH-lack of truly intelligent articles/posters these days; I rarely read the aricles here anymore because of the the utter bullshit on this site.
Given that, I will proceed.
Your post is one of the most idiotic I've come across. You lack the citation of the tremendous natural resources of Russia and China as well as the immense currency reserves. And yet you conclude all hail the US $? WTF!?!
I've enjoyed your posts over time, but given the qualifier above, you are glacticaly stupid.
I don't post much anymore (for a variety of reasons), so it logical that you may not have seen my points concerning this. That being said, I proceed:
Am I supposed to believe the resources that Russia has just popped up 20 days ago? I am certain they were there when it was still the Soviet Union. Perhaps there have been some technological advancements that make extraction cheaper/easier etc. but to suddenly bow to Russia because they have oil is a bit fishy. What about all the nuclear missiles? They didn't disappear with the fall of the Berlin wall, although that is what we were supposed to believe. I sense manipulation at play.
Concerning US hegemony, there are many that wish to see it continue because this is what they have known and based their entire lives on. This happens in a deep, self-serving type fashion that is not easily admitted to others. On the other hand, you have those that are so incensed with what they see happening, they're willing to throw the US, Europe and "western" way of life out the window for something new. While I understand the underlying cause, I am not certain any guarantees exist that someone else will be better. There is a good chance it may be worse.
So, despite being deeply disappointed in what is going on in the "West", I am a bit more hesitant to jump on the Putin bandwagon until:
1. He offers a true monetary alternative. Having a bank operating on the same priciples but simply having a different name is not enough for me.
2. He calls out, by name, each and every high level, scheming banker as well as the names of those banks. He should also give specifics as to how they have harmed Russia as well as humanity as a whole.
3. Same as number 2 but with politicians in countries that have a global reach.
Crickets...................
Unless he does these things and makes certain the information is simple enough for everyone to understand, he is seeking to shift power from the US so that he can be the next powerful viceroy. The overlords remain the same. The game continues.
Well said!
1. Putins money alternative is the CFR's Rockefellers money alternative.
FACT (Said so himself)
2. Putin will call them out when their hookers and coke arrive at his Spanish Villa in Marbella the most expensive community in Spain. (His next door neighbor is Rod Stewart)
FACT > http://www.dailymail.co.uk/news/article-2219754/What-WILL-talk-Vladimir-...
Putin is a GLOBALIST.
Let's just fix what we have which is still pretty good redesign the financial system to serve the economy rather than having the economy serve the financial system and send the lousy fuckers who destroyed the planet back to somewhere where they can't do as much damage.
I hear Israel is trying to attract new immigrants...
"The U.S., diseased as it may be, is far stronger than Ebola stricken China, India, Russia & Brazil."
https://www.youtube.com/watch?v=frAEmhqdLFs
it is based on fiat currencies as of yet...but there must be some reason, why Russia, China and India are STILL buying gold like crazy, China even entire gold mines. They are not doing it for fun.
It is cheap, tangible and fungible.
And , when manipulated, looks fabulous on my wrist as a submariner watchband.
"No fan of the US $ here, but a bank based on the fiat currencies of China, Brazil, Russia and India?
What could possibly go wrong?"
Why do you think these countries have all been stocking up on gold like there's no tomorrow?
Answer: Gold ain't no fiat.
Backed by something of actual value would be the difference here, the dollar being backed by well you know, shit.
~"Hope and change lol"~
Why does a maniacally gleeful Barack Obama image come to mind? He did warn us that he was going to "fundamentally change this country".
Herding nations into the NWO is more like it.
The IBTimes heading for the article is >
Greece Can Easily Get Funding From BRICS Bank: RussiaBelated thanks for redefininggod. It gave as good an answer as we are likely to find about Chinas role in all this. The Chinese will be sold on the NWO by promising they will be "in control" of it. NWO = KILL NET
You're welcome. It really helps make sense of the shitshow we are witnessing.
JADE HELM > "Good NWO" AKA China in control (Just my take on it)
It's an inside joke amongst the Globalists just like flashing the Illuminati/Luciferian hand sign.
http://s0.uvnimg.com/univisionaustin/fotos/photo/2010-10-22/obama-en-aus...
http://new.euro-med.dk/wp-content/uploads/Putin-datan-horns2.jpg
http://euro-med.dk/billeder/billederpopesignbig5.jpg
http://www.infiniteunknown.net/wp-content/uploads/2010/07/hillary-clinto...
http://www.jesus-is-savior.com/False%20Religions/Wicca%20&%20Witchcraft/...
Anybody with a good eye out there think these were photoshopped? Just askin'....
The problem has always been to convince the citizens of the World's Nation States to give up their sovereignty to an unelected and unaccountable group of Globalist bankers to be henceforth known as the NWO.
That's why they set up the false "Good NWO" vs. "Bad NWO" dialectic.
America however is going to be a much tougher nation to convince than most because the Muttonheads actually believe that thing about Freedom and Liberty, Pursuit of Happiness and Right to Bear Arms. Obama harbors no illusions however that the Constitution means anything other than what he wants it to mean. My guess is that they will try to take as many guns out of the hands of citizens as they can (using the current batch of False Flags as justification) and then bring the nation to it's knees economically and then perhaps even miltarly.
It doesn't help in knowing that they have already recently re-outfitted both a D.C. area nuclear bombshelter and Cheyenne Mountian.
more on the subject;
http://journal-neo.org/2015/07/08/the-struggle-for-a-multipolar-world-is...
It all seems to be quickly coming to an engineered head. Military confrontation or the threat thereof is not far away.
The only question you need to ask yourself is "Is what the MSM is telling you real or are the Globalist behind BOTH sides?".
That in turn determines what you should be doing right now...
Actually, if this engineer is to be believed, and she is quite convincing, Jade is Artificial Intelligence which will control our military in the days to come. Eliminating the "tedious" human chain of command, which is slow and prone to error, Jade will decide who lives and who dies in the blink of an eye. Warning, this is very disturbing.http://projectavalon.net/forum4/showthread.php?83233-Hagmann-Hagmann-Rep...
TD... The future of humanity will assuredly be dark because absolute power corrupts absolutely... but I'm can't be too worried about the days to come.
This is happening NOW so either the world experiences a conscious awakening RIGHT NOW or it's NWO time.
If they win then we lose.
If they lose then rest assured they'll be back again later.
I...doubt that. On multiple levels. Not the part about a machine making better decisions, mind you, but...
That only works on a "planning" level. Wars never, ever, go as planned. Otherwise, how would one lose?
Not only that, but rank structure is required in the field, period. NCO's and Captains will always make decisions that could never be imagined at higher levels. Always.
Listen to the podcast. It is almost three hours long, but well worth it. Add to this the fact that Barry has gutted the top echelon of military leadership who were loyal to the Constitution and we have a real nightmare on our hands.
And not a moment too soon for Greece... not to say the EU isn't going to play with them like a cat with a live but half-dead mouse for a little bit longer.
SPOILER ALERT : It's a trap because the Chinese, Russian and Indian leadership are already owned by the Globalists.
Think about it.... None of what you are witnessing makes sense unless it's all part of the NWO TRAP because even at the reduced pension rates of 600 euros per month the Greeks are still living better than 95% of Chinese and Indian citizens who are ostensibly the ones paying in the $100B.
And what is the chance the the Greeks will pay them back again?
Right.
Admiral Ackbar Approved! (AAA)
Thanks!
Let's all just tell them to shove their plans for a One World Government with a One World Bank (run by the same batch of motherfuckers that just burnt our global economies down to the ground) up their respective asses and we'll all be fine.
The USA is freaking doomed. Toast. We are too stupid to deserve to live on as a nation. Watch the video in the link below and your head will explode.
America is DOOMED: Video shows People Choosing Chocolate Bar over 10 oz. Silver Bar!
Oh fuck me... we are all going to die...
does the Silver bar have a chewy nougat center of say, lead? If its real, the bar is worth what, $225?
The U.S. dollar is in agony, and the United States is in an economic depression the like of the 1930's. The only way for the U.S. to maintain its global military and financial power - is an urgent achievement of complete and unlimited global domination. For which Washington needs to put the three remaining epicenters of global resistance to American military-financial dictatorship on its knees: China, Europe and Russia. The weakening of just China or Europe will not bring Washington the desired result. Because in each of these options the resistance blocs Europe-Russia or China-Russia remain intact.
The goal of Washington's game in this hand is pragmatic, transparent and easily understood by anyone who is able to think independently.
Grandmaster Putin's Golden Trap. Part 3.2 The battle for Eurasia
and Cher.
Not so fast.
To all the people that believe in China's economic power, take a look at their stock market. Don't you find that it looks like just about every other stock market crash in the West? And what's causing the problem? Excessive leverages, just like Western markets.
You see the fact is China is about as clueless as the West when it comes to running a healthy market. There's no excuse. They have all the examples from the Western market meltdown on how not to do it, and yet they go ahead repeating the same mistake. If they could screw own market up that badly why do people believe somehow they could get this BRICS bank correct? They don't know how. China's ability to manage economy is simply a myth.
funny shit. i guess ur too stupid to realize that in a steady state economy a stock market cannot possibly exist
That's a good point.
Chinese sheeple are as sheeple-ishish as any sheeple in the world, if not more so.
In fact, Asians tend to be more conformist & groupthink than any other ethnicity/culture.
Nikkei 40,000 and Japan, Inc. taking over the entire world circa-1989.
26 years of stagflation and 80% loss in equity "markets" in real terms since.
China today is Japan circa-1989, x10.
yup. i never bought that "China will take over the world" shit either....
Bullshit is BAKED into that culture like white on rice...which isn't to say that we aren't giving them a little "push downhill", out of the International goodness of our hearts, at the moment
Bankster toady telling everyone to stay in their seats, do not rush the exits when smoke starts to drift around the room.
"Don't worry, they haven't chained the doors shut yet! Wait a minute, I'm still in here! Shi-"
*stampede*
China - a country that lives at their own expense and has a steady budget surplus.
United States - a country-parasite, which lives at the expense of labor and resources of other countries. For this reason the US has a permanent budget deficit, a permanent trade balance deficit and permanent growing debt.
All the rest - it's just blah blah blah from the inability to understand this or from the unwillingness to recognize these facts.
Trade deficits and surpluses are contingent on currency valuation. China holds lots of US dollars and treasury bonds so that the Renminbi is devalued against the dollar, which makes Chinese exports more attractive to US importers, which creates a trade surplus for China and a trade deficit for the US.
nix
But we gots da ghey "marriage"!!!11!1!!!! Everything is awesome!!!!1!!11!!!!!
He's got popcorn! He's ready!
I wonder if it's a coincidence that China's stock market is getting hammered ruthlessly. I'm sure it is. Otherwise, I would be a conspiracy theorist, which I'm pretty sure is now considered a threat to national security.
Consider yourself reported, Dear Citizen. Its for your own good...and for the good of the childrens. Adult Fun Camps for all! Tin foil not included.
The monetary tide is going out from China since QE has been ended at the FED. I'm sure the next QE can't be far away.
I wonder what hooligan inflated it to such levels the last few quarters that all this carnage is taking those indexes ALL THE WAY BACK TO... March 2015? 3-4 months of ridiculous 10%+ a day gains lost in a month, noooo! If we shed another 10% in a day, we'll be back to... Feb 2015, eek!
And China will, with the aid of a hand calculator and a memo or two, maintain a 7% GDP growth for the foreseeable future.
Looks like the Tylers need to have a strategy meeting. One of them is saying China is rising and the US is setting, while another Tyler is giving us the blow by blow as China's financial system implodes on itself.
The important consideration is that China produces things, the US doesn't. That hasn't changed, at it's what will determine real global power and influence even once the ponzi schemes in both the east and the west collapse.
The USSA creates welfare EBT babies with baby daddy mommas.
Go to any McDonalds to see.
Actually - go to Walmart. They take EBT (not to defend McShit, but they don't take EBT).
Fuck the fucking fuckers!
The whole world is defaulting to a SINGLE COPPER PENNY.
I think the last Honest Abe was made in 1911 or thereabouts...
...a quick google reveals McShit does, in fact, accept EBT.
Fuck - although the USDA map doesn't include the McShit near me in western NY - but some states do allow it.
http://www.fns.usda.gov/snap/retailerlocator
Wonder if it is NY in general or just the McShit franchise near me?
Either way it's fucked up.
The US also manufactures pictures of fat people shopping for Chinese goods at Walmart. We lead the world in this segment of manufacturing.
China has maybe three trillion in US Treasuries and piles of gold. China wants to put more Yuan into circulation. This is how they are doing it.
fred.........thats a function of debt money, nothing more, nothing less..
the welfare/warfare state we live in was designed by banksters...
USA makes best bombs and shit.
Others also make .
Sorry, but the best bombs and missiles makes Russia. But what about the best shit, you are right of course.
and not just that China produces something, China has an actual plan for growth again - building something! The Silk Road projects are great and important. It is clear that China knows very well that they need real tangible things to grow again and the Silk Roads are just that. They are starting to build an economic empire, but in the correct way: the way the USA once did as well. (And Britain before that). All those railways or channels (Nicaragua Canal). Didnt you watch old Wild West movies? How big a thing it was to build those pretty railways, which then brought other companies to previously small towns and everything started to grow. But the USA has stopped building its own silk roads long ago and now seem to think that buying shares and creating debts is the best form of growth. This, a symbol of building the New World once, the famous scene of the railway and workers: https://www.youtube.com/watch?v=NBno8SG421I
Don't ever mention the other Tyler.
This conversation is over.
Spain Government Goes Full Police State; Enacts Law Forbidding Dissent, ‘Unauthorized’ Photography Of Law Enforcement
it worked for Europe.
Just in time! Now they can loan Greeze 300billion, oh and spain 1.2 trillion, and Italy... well lets give them a cool 2T cause they are cool, and then there is ................... oh this is going to be so much fun for the BRICKSters.
I'm all in at NasTank.
Another banking cartel.
This is wonderful news!!!! ;-)
The world always needs more fiat.
And moar hospital wings, bridges and parks named for the Wons who brought home the pink slime bacon and dumped on the locals.
Its a wonderful gig ;-)
But don't you love the narratives nwewn?
i.e. because one 'side' is bigger than the other 'side', the smaller 'side' will be relegated a loser and be rendered almost insignificant.
In other words, "size matters". By that logic, if it were true, then the BRICs would be insignificant right now, wouldn't they? Because size 'matters' after all. But if size mattered so much the state of Israel would not exist as the much bigger states and armies would have seen to it in 1948, when western support was light to non-existent. If size mattered the largest geographical country, namely Russia, would in fact be the dominent global power. If size mattered, the largest population, China, would not be falling towars a 40% stawk collapse.
I could give dozens of tedious example of how size clearly does not matter much, and how it is the fight in the dog that matters more, and not the dog in the fight.
But let's insert a bowl of popcorn in the middle, with a guy who's propaganda open and repeatedly claims democracy is a western conspiracy that was imposed on Russia, i.e. let's have my dictaorship back, as a part of the narative, within a post about a multi-decade transition.
So pooty's going to be shitting a LOT of popcorn, if he's actually waiting for size to matter, as it doesn't now. If concern with size, and with what other states are doing is so significant, this might contribute to explaining why his own country is struggling so much? So what the hell is the meaning of this BRICs propaganda theme. BRICs are a lose association formed for economic advancement. To presume it is more than that is completely delusional, merely on the basis that the 'R' stands for Russia. Well 'I' stands for India, and the reality is that India is very close to all major Western states and is as always, not even interested in the assertion of 'clubs', and the spreading of global partisanship. India was in fact a major Non-alligned Movement country during the cold war. That's how they operate. And today they're really only interested in trying to do a better job to make India a better place to live, via economic improvements. Thus the BRICs economic cooperation linkage.
They don't care at all who they get a better economy with.
India certainly could not give a rats-arse about Russian's delusions of grandeur and empire, or their attempts to promote and spread partisanship and polarizing influences in order to align countries, or rather align humanity, into segregated camps of mutually hating groups in conflict. Well, in fact India does not like that aspect of the obnoxious Russian behavior and propaganda themes, either. That's not what India about, and it's not what the BRICs concept is about, either.
Whereas by the look of things, the Russian 'leadership' is apparently too busy eating popcorn (and getting constipated), as instead it spends all its time creating propaganda narratives and illusions to hide failure and suppress relevant facts, while foisting an air of conflict and hatred, whilst repeatedly running their geopolitical lawn mower over old dog feces, in order to keep making a lingering stink. "Hey, every one! Look at me!" </waves hand>
There are so many interesting questions and insights arising from such a post. :D
Anyway, clearly credibility is not a priority within the respective opposing, "my willie is waaaay bigger than yours" propaganda blogging spats. :D It would be quite sufficient to present the data and let it speak of its own significance, and provide interpretive observations.
But maybe due to the density of zheep, who apparently need a constant doom and partisan conflict fix, plus a bridle and bit in mouths to run with, it's become necessary to predigest the message and include narrative and biasing barb.
But this penchant for just endlessly beating up the dead-horse of 'BRICs' as other than a mutual economic cooperation architecture, and getting quite absurd.
Yeah well, style over substance to create malice is not a path to a better economy, nor a better anything else either.
ECON101 </popcorn>
India is close to western states ? Eh . India looks for its self interest and it is still behind among bric nations in trms of standard of living . Chinese socks are overinflated moreover these stocks downfall affects stupid people who know nothing about how it works and yet they have invested .Other business and companies arent playing in those stocks . So it doesn't disrupt their overall economy . BRICs isnt a dead horse it seems your handlers arent happy with you .
Maxi, maxi, maxi, ... dear, dear, dear, ... are you really representative of the calibre of person Pooty's troll factories produce? Because it appears the sanctions have been biting a fair bit harder than anyone expected. :D
+1, Element
"But maybe due to the density of zheep, who apparently need a constant doom and partisan conflict fix, plus a bridle and bit in mouths to run with, it's become necessary to predigest the message and include narrative and biasing barb. "
"zheeps" because bombarded by a propaganda narrative of black against white, a duopoly of good against evil, two sides only, and one of them victorious while the other trodden to dust
India's eyes are always on Pakistan, one of the more difficult friends of Uncle Sam. We could as well remember that when it came to Afghanistan, Russia was more forthcoming in logistics then Pakistan
but mentioning those kind of things makes a even more difficult narrative of the predigested kind. just look how quick the UK was in joining the AIIB, and how quick this move was followed by a handful of european countries
there is no black, there no white... except in propaganda
I personally can't see anything wrong with countries wanting to support the AIIB, to improve regional infrastructure. This is just another international multilateral cooperation organization, like any other. It really doesn't matter that it was China who saw a need for it and asked other states to help set it up. Much like Australia saw a need for APEC, so asked the region to help set it up - and they did. APEC is clearly not Australia's play-thing, and the AIIB will not be China's play-thing. It looks like an idea who's time had come. The more important question is if China wants to be as constructive and cooperative in other areas.
Okay. Everyone please stop with the BRICS bailing out Greece. Forget it. It won't happen. The Fourth Reich can't afford to carry that corpse even with access to unlimited bank-confetti. Rest assured the BRICS, who earned all they have, have far better and less riskier uses for the money.
Greece can come back in ten or fifteen years, when it's figured out how to live within its means, like Russia had to do after the banksters pulled the plug on the Soviet Union.
Not really Niall. Think of it as a loss-leader. BRICS in Greece opens a lot of doors. Not just financial, but geopolitical, military and propaganda advantages as well.
sshhhh, down up front,
it's about to start,
even Vlad has his Tsar bucket of popcorn
if I was china I would be selling my foreign bond holdings and using the proceeds to sure up local markets..
shore.
But honestly, "sure up" works better and is hella funny.
50 Billion? Isn't that a rounding error in the grand scheme of overall int'l finance/trade? Is this a meaningful amount? Is it an amount to be leveraged and what are the advantages of such a small sum of money? Answers please it anyone can provide them; thanks in advance.
Wow a 100 billion DOLLARS, and why is it always measured in dollars? Just remember who invented paper money (it was the Chinese by the way). Looks like the $41 billion is about 1% of the wealth they have lost in their stock market.
28 years ago it was Yen. 15 years ago it was the Euro. Today it the Yuan. Let's face it the dollar is still the reserve currency for better or worse. I don't see it being replaced in the foreseeable future, and what's the Yuan tied to again.
Yipppeeeee. Another banking group to steal everybody's money.
This is disgusting that bankers are allowed to operate. The blatant theft of money and whatever that is to the soul, to the sustenance, freedom, and creativity of an individual, an individual that is the symbol for the meaning of existence of all that has ever lived and been, demoralizes and devalues the highest achievements and reflected beauty behind every sense of purpose, perceived and made conscious despite the ever pervasive onslaught of non-existence, the theft by banksters and pedophile oligarchs to negate all things in exchange for greed and selfishness equal to the lowest scum that crawls across the face of this planet.
Arrest them. Arrest Lloyd Blankfein and Jamie Dimon.
Chinese policy to kill girl babies has made their culture thrive on male labor. Now with money in hand, they can come for our women. China, my wife is for sale for the right price... Strong back and good teeth.
Apparently any alleged Neo-Nazi "Tank China" op may not have been entirely successful.
ROFL.
I think the Chinese, Russian, Indian, South African and maybe the Brazilian AU accumulation might carry some monetary weight.
.Perhaps, as a unit; however; BRA has some issues. Retro 80's style....inflation is going to coolio fuck them, if not, already. Nostalgic, I see it now....mercados changing price tags in the middle of the night, on a daily basis. The good news is coke and puta pricing will likely remain unaffected. Porra caralho mane!
BEWARE BRICS DECEPTION!
"'Western experts fail to perceive the strategic continuity behind events. They accumulate facts but are unable to see their strate
gic interaction and cannot build them into a strategic picture. They lack vision andinsight, which is why they are floundering in the face of the onslaught which they fail to understand'.Behind the mask of diplomatic and political cooperation and partnership with the United States and Europe, the current Russian leaders are following the strategy of their predecessors and working towards a 'New World Order'. When the right moment comes the mask will be dropped and the Russians with Chinese help will seek to impose their system on the West on their own terms...The Cold War may be 'over' for the West. For the Soviets it has entered a new, active and promising phase."
Anatoliy Golitsyn - Perestroika Deception
See;
http://redefininggod.com/2015/06/globalist-agenda-watch-2015-update-44-putin-confirms-farcical-nature-of-brics-bank-vs-imf-propaganda/
"The drive of the Rockefellers and their allies is to create a one-world government combining supercapitalism and Communism under the same tent, all under their control.... Do I mean conspiracy? Yes I do. I am convinced there is such a plot, international in scope, generations old in planning, and incredibly evil in intent."
Congressman Larry P. McDonald, 1976, killed in the Korean Airlines 747 that was shot down by the Soviets
Our Lady to Blessed Elena Aiello;
‘RUSSIA WILL MARCH UPON ALL THE NATIONS OF EUROPE, PARTICULARLY ITALY, AND WILL RAISE HER FLAG OVER THE DOME OF ST. PETER’S.
http://gloria.tv/?media=293871 God bless all!
RUSSIA WILL MARCH UPON ALL THE NATIONS OF EUROPE, PARTICULARLY ITALY, AND WILL RAISE HER FLAG OVER THE DOME OF ST. PETER’S.
That would be an improvement, but it ain't gonna happen, imo. Russia is, once again, being isolated. Their baby rate is too low, also. The Jew-controlled DC is sanctioning them, trying to goad them into yet another slaughter. If they have any sense they'll be staying put.
Haha! let the Pricks I mean Bricks lend the Greeks money. Do they really believe they have any more chance of being paid back then the EU was paid back? I thought Russia is a basket case.China is close to being a basket case as their market is showing.
OH! But US MSM and Obama told us that Russia was completely isolated...What happened?
And the first desperate customer at the BRICS loan window is....
China.
Sounds desperate .
Gee thanks Obama. By the time you're out (wish it was today) we will have given up our leadership position on about every major international issue. What a legacy!!!!!
I'm sure a rock ribbed Republican will fix everything.
Man, it's one thing after another. It's almost by fucking design. Jeeez, what next? A large military excercise on CONUS using spec ops in multiple states??? WTF is going on!?
The initial pool is still in dollars. The BRICS bank looks like a failed marriage of IMF and Euro project. This bank soncept looks comforting on paperbut will fail when it will be needed the most. If handling emergencies were so easy then there wouldn't be so many nations to begin with.
All the world's shit storms are coalescing into a giant sewer pool of shit-storming shagging shittiness.
Can't wait to see how our glorious leaders deal with this!
New York, London and Frankfurt will not be pleased. A lot of parasitic wealth that used to go western banking interests and contractors will stay in these BRICS economies adding to their nation's prosperity over time. Not fair I tell ya!
5 US dollars and ten tentillion BRICS dollars will buy you 1000 drachmas near the Acropolis. It is the 'drachma', isn't it?
Spot the add one out.....Zuma of South Africa...If currencies are trust, this guy can not be trusted.
DO you trust the khazarian mafia, running US Gov.?
On the other hand US officialy landed gay marriage everywhere.
Maybe gay marriage is more prosperous for the mankind , than the BRICS bank.
BarackHomObamma : 'Wee sodomize everyone after druggin them , therefore we consider it legal, those who oppose will face war, shock & awe'
-----
Homosexuality is the lowest extreme of morality, man behaving like a woman & woman behaving like man shows only one thing : Demonic Possession, visible & clear.
What has morality come down to, war is peace, immorality is new chastity.
So when you are in the shit, the middle of nowhere, and you need to get past the group of goat fucking statue destroying inbreds at the road block ahead..and you look down into your murse, what do you want to see? That magical BRIC currency that ain't worth wiping your arse with, or a stack of Bennies?
those would be nice, several cartons of Camels and some quality lighters would probably work better
So when you are in the shit, the middle of nowhere, and you need to get past the group of goat fucking statue destroying inbreds at the road block ahead..and you look down into your murse, what do you want to see? That magical BRIC currency that ain't worth wiping your arse with, or a stack of Bennies?
yet another story about doom and gloom for US and how rassia will save the world. heard that before...
"Sun sets on US Hegemony"
Meanwhile, a few posts up: "Chinese Police Vow to Arrest "Malicious Short Sellers." Man, ZH has some serious bipolar-schizo crap going on these days. "The BRICS will crush the evil U$A!" "But they're also desperate to stave off an economic collapse!" "But they're still humanity's last, best hope to rid themselves of the evil banker menace!" "Even though Russia and China are run by bankers too!"
There is more than one Tyler Durden on ZH...
No!
There's ONE Tyler Durden and a bunch of guys who do their best to keep up (and mostly very well).
But some of them have some pretty strange views.
So I don't buy the Tyler Durden Multiverse Thesis because I can tell when the side-kicks are posting, and it is not Tyler Durden.
Thumbs up to BRICS
Its actually the sunset for Jewhadi banksters funded by (almost) free QE money of their puppet American govt.
While this is happening , the whole world is in turmoil , Iran talks, Greece, China stock mkt , AIIB, gold and what not. Looks like the Satan in America & its allies is really very very busy ths time.
But none can break the will of the BRICS & AIIB , it will go on, and we will stop using dollar eventually and trade only in own currencies.
The eastern & western cultures & moralities are very different , therefore this was inevitable, remember all the messiahs , prophets , enlightened ones & avatars came from east and showed the world the right direction.
Also it would be better if :
(1) We have a separate UN like entity becuz the current UN is a puppet of west, a zero.
(2) A separate world court (alternative of ICJ & ICC which are now puppets of west) to try & prosecute terrorists & offenders.
(3) A separate patents system
(4) A defense treaty to protect its member nations because west will surely try to decimate BRICS initiative.
(5) Separate mecanism (alternative to SWIFT) to settle financial transactions in various local currencies
(6) A goods & commodities based mechanism to settle transactions bypassing the dollar so that barter trade is also possible in emergency.
(7) Separate oil & gas business among themselves and with others, Iran can be included in BRICS.
(8) Better transport. Common road , rail & pipeline links wherever possible.
(9) Less military friction & maintaining better relations with each other.
(10) Betterment of education for all citizens . Sharing of advanced know how & reasearch facilities. A separate BRICS prize for scientific research (similar to nobel prize, giving nobel prize to Obamma is a farce & shows manipulation).
(11) Better health at affordable prices. Own system of researcing & developing new medicines for diseases such as cancer which is a western monopoly now. The western system aims at making common people broke & bankrupt for treating cancer at exorbitant prices. Such medicines should be cheaply priced so that even a cart puller can afford easily.
(12) Own computer s/w & Operating Syatems. Own foundaries for making computer processor chips & other IT h/w becuz all current IT h/w & s/w has backdoors & bugs using which west was monopolized IT
https://goo.gl/AgTCFE - Bernie Sanders isn't going to save America, for that matter, neither is Rand, but I'd take Rand's medicine over Bernie's
"A police report initially stated that the incident was being treated as an “anti-white” racial attack, but Capt. Mike Neville subsequently backed offthat explanation, asserting that the beating was not racially motivated.
This caused a firestorm of controversy across social media and the Internet, with many citing the case as another example of how black on white violence is being downplayed and ignored by authorities.
However, “Cincinnati Police Chief Jeffrey Blackwell has reconsidered and is asking Hamilton County Prosecutor Joe Deters to pursue hate crime charges,” reports the Cincinnati Enquirer. "
- No WORD on if Police Chief Jeffery Blackwell will be charge with "Cover-Up" of a Hate Crime... Failure to Carry Out the Duties of Office... Refusing the Duties of Office... Negligence of Duties... Negligence in Protecting the People from Social Threat... or giving blow-jobs to minority or Liberal Officials of the City or State.
- 2013 Total FDIC Trust Fund in Treasuries = $36.9 Billion + $18 billion in the DIF (Risky)
- 2013 Total National Credit Union Trust in Treasuries = $11.2 Billion