Tag Archives: BRICS World bank

Jul 7 2015

FUNDAMENTALS OF NATURAL LAW: Greece Is An Example Of What Happens When You Violate Natural Law


All of this is 100% true but I would not give a break to the EU they knew what the deal was and the bankers did as well — there are no innocents in this and all must pay the price.

Black3Actual's avatarTHE ROAD TO CONCORD

I am just going to assume that you are aware of the financial mess Greece has created for itself.  This is no one’s fault but Greece — all of Greece.  This means the politicians and the people.  This is not the fault of the bankers.  The bankers have finally come to the point where they realized that Greece was not going to pay them back so they stopped lending.  However, Greece has not stopped spending.  That is what the ‘crisis’ is all about: the people of Greece refuse to live on what they make, they are demanding to get what the politicians who bribed them for their votes promised.  The problem is, those promises (bribes) were made by placing a claim on other people’s’ money — a claim the Greek politicians had no authority to make.  So now, when the bills are due and there is no money to pay…

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Jul 5 2015

Analysis of the Greece No Vote


Much to the surprise of the EU and the rest of the world, apparently, the Greek rejection of the EU’s current refinancing terms was a shock. As the post is being writing the No’s are over 60% which all but assures the no vote when all the ballots are counted. This level of dissatisfaction was not expected and leaves Brussels with major problems. As I see it there are only six options.

Number one is the EU central bank (the ECB) acquires all the Greek debt in the private sector at a discount level that leaves them all solvent. This would delay the real issues but still precipitate a market collapse on Monday unless they don’t open the exchanges.

Number two is the American Central bank (the FED) acquires all the Greek debt in the private sector at a discount level that leaves them all solvent. This would delay the real issues but avoid a market collapse on Monday and we’d see a drop but probably not a major one.

Number three Greek government could nullify the election and either argue for better terms or agree to the existing  terms of the EU. This would delay the real issues but avoid a market collapse on Monday and we’d see a drop but probably not a major one.

Number four the EU could seize all the assets of Greece and take Greece over as a defaulted creditor. Greece would be given the option to capitulate or the EU would occupy Greece.This would delay the real issues but still precipitate a market collapse on Monday unless they don’t open the exchanges

Number five the EU could consider this a rebellion and send in a military contingent to throw out the government and install an occupation government. This would also trigger a market collapse unless the exchanges are closed Monday.

Number six another country could buy the Greek debt held by the EU. This could be Russia China India or the US. This might also mean the need for an occupying force but might not. The market would go down but not as far as either of the other options.

As can be seen for these options there are no good ones for the EU or Greece.— we will know in a few hours what will happen.

Jul 5 2015

NO Vote Looks Like 55% in Greece


Re Posted on July 5, 2015 by

Greek-Vote

Our staff there in Athens right now is reporting that it appears the NO vote has the majority. This is a vote that demonstrates Brussels has been dead wrong with austerity for the last 5 years. This is likely to encourage a contagion. Brussels will most likely resist for this is now all about saving their power and self-interest. They have crushed the European economy all for the benefit of the bondholders. There has to be a new way forward for this same line of thinking cannot resolve the Euro Crisis.

It is not final as of yet. But this is the reading from our people on the ground in Athens. This is not the official poll which still says it is very close.

Jul 1 2015

Remember this date July 7, 2015 this is the end of the Dollar!


BRICS Bank to commence business on 7 July
June 20, 2015, 7:10 am

The BRICS - Brazil, Russia, India, China and South Africa - agreed to set up the $100 billion development bank last July, in a step toward reshaping the Western-dominated international financial system [Xinhua]

The BRICS New Development Bank will be launched at the first session of its Board of Governors in Moscow on 7 July, Russian officials have confirmed.

Russian Deputy Finance Minister Sergei Storchak announced at the St Petersburg International Economic Forum on Friday that the BRICS Bank will be ready for action after the maiden meet of the governors.

The New Development Bank will provide a financing alternative to the World Bank, where the five large emerging markets have sought more clout.

BRICS leaders also announced the establishment of the BRICS Contingent Reserve Arrangement, a 100-billion-dollar fund from which the BRICS member countries will be allowed to draw funds when going through a crisis.

The bank is set to be headquartered in Shanghai. India has already announced the first president of the Bank.

It will eventually open membership to non-BRICS countries and coincides with plans for the Asian infrastructure development bank spearheaded by Beijing.

Russian Finance Minister Anton Siluanov will be the first chairman of the BRICS Bank’s Board of Governors.

The leaders of five of the world’s largest emerging markets will showcase a new currency reserve fund and development bank during the BRICS Summit in the Russian city of Ufa in July.

Brazil’s envoy to the IMF and newly announced BRICS Bank Vice President , Paulo Nogueirga Batista, said at the BRICS Business forum on Thursday in Russia that the BRICS are “not fully satisfied with the international financial architecture, not fully satisfied with the role that our countries are allowed to have at the IMF and the World Bank”.

“Our countries are very active in IMF….We work together at the IMF… Despite this active involvement in the Washington institutions, our countries have begun to realize that we need to do our own thing,” said Batista.

Batista on Thursday said the BRICS have created a pre-management team in Shanghai even before the actual entry into force of the New Development Bank.

The group’s growth rate is still above that of the global average and its economic and political weight is increasing, evident from the decision of several European countries to join the China-led Asian Infrastructure Investment Bank.

As the BRICS countries prepare to launch new financial institutions like the $100 billion BRICS Bank, the China-led Asia Infrastructure Investment Bank, and a $100 billion BRICS currency reserve fund, the IMF has once again delayed voting reforms to give emerging countries greater say.

A statement from the International Monetary Fund last week said the board has postponed the discussion on how to move forward without Washington.

The board will now take stock of the situation in September.d currency starts

Jul 1 2015

It’s Official: Greece Is In Default


Since it was obvious from the beginning that this money could never be paid back, why would the IMF and the EU be so upset now?

Jun 17 2015

7 Key Events That Are Going to Happen by The End of September


That is some list and the fact that it exists could mean that it is a self-fulfilling prophecy!

Jun 17 2015

FDA ban on trans fats is junk science


Most science today is political science which is this definition is that anything can be written if it fits a narrative and it doesn’t matter if it is true or not.

Steve Milloy's avatarJunkScience.com

The Food and Drug Administration has just removed “Generally Recognized As Safe” (GRAS) status from trans fats. Food manufacturers will be banned from using trans fat-containing oils, shortenings, and margarines. The ban is not based on credible science and will produce no public health benefits.

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Jun 17 2015

Teacher: I Don’t Want to Assign ‘Dead, British, White Guy’ Shakespeare to Students


Once other cultures have produced great works then they can be taught as well, however it seems that it is easier to get rid of past ones then for new ones to be created. Today it is only to tear down not to build up — the problem with that is once every thing is destroyed who will be able to survive?

Jun 17 2015

What happens when an entire country becomes infested with demons?


The answer is simple Drug money from the US Progressives will do anything to get their drugs and it doesn’t matter to them what they destroy in the process.

Jun 13 2015

GLOBALISTS PLAN TO RAM THROUGH TAA NEXT WEEK


This is a very bad deal for the American Middle class who depend on the jobs that will be lost just as they were under NAFTA