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BRICS nations launch Contingency Reserve Arrangement & New Development Bank


mdehaan

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the so-called BRICS countries are seeking "alternatives to the existing world order,"
It's not like they are trying to contribute to the tyranny of the other banks. They are seeking to break away from the yoke of the international bankers and the whole NWO control by creating their own version of NWO for their own mini world.
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Economically this is huge.

These are nations that still play by different rules by and large and have some of the fastest growing economies (and levels of poverty and wealth disparity)

In twenty years or so these nations will be calling the shots in the world of money should things continue the way they are.

Interesting.

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India, Brazil and South Africa are stupid for getting into bed with Russia and China.

What other choice do they have? Russia and China have a clean slate with India, Brazil, and South Africa compared to the west.. Which has shown from recent and past history to not be as reliable and trustworthy. The west in the eyes of these countries is like a modern day colonial master. They want nothing to do with the west atleast imo. Also India has regarded Russia as a great and reliable ally becsuse of their assistance during various Pakistan conflicts.

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India, Brazil and South Africa are stupid for getting into bed with Russia and China.

Why?

Think of it like this.

China and India have the IT and manufacturing/manpower to do literally EVERYTHING for the developing nations.

Brazil, South Africa and Russia have the resources between them to do literally everything the west can do and more. Brazil holds large reserves of oil/gas off shore. Russia holds unknown amounts of LNG oil and gas wealth as well and unknown amounts of mineral and lumber resources. The conglomerate of African Nations involved hold ridiculous amounts of precious stone and metal resources as well.

People continue to scoff at this but one thing China and Russia have always done is deal. Being one of the founding members of this in the coming decades will provide more beneficial agreements and arrangements than the west have given to places like India.

Quite honestly when you think of places like China and India and their manufacturing capabilities all that companies have to agree to is a $1 dollar a day increase in most cases and they'll have doubled the exisiting wages that western corporations are giving to the workers there.

This will pull in other south east asian nations as well.

People who scoff at this really have no clue what is going on. Couple in an upcoming south American trade bloc like Mercosur and the Western nations will most likely be sitting with their thumbs up their rumps.

The UK as always will be realistic and provided they don't continue prodding the bull the way they have since the late 90's and towing the western line they'll be able to make a clean break from the west. But places like France, America etc will be left on the outside looking in.

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What other choice do they have? Russia and China have a clean slate with India, Brazil, and South Africa compared to the west.. Which has shown from recent and past history to not be as reliable and trustworthy. The west in the eyes of these countries is like a modern day colonial master. They want nothing to do with the west atleast imo. Also India has regarded Russia as a great and reliable ally becsuse of their assistance during various Pakistan conflicts.

From recent history would you say that Either Russia/USSR or China have proven to be reliable or trustworthy? You'd think having part of their country annexed would make India a little leery about China's good intentions. Both nations have proven to be inflexible and aggressive.

Why?

Think of it like this.

China and India have the IT and manufacturing/manpower to do literally EVERYTHING for the developing nations.

Brazil, South Africa and Russia have the resources between them to do literally everything the west can do and more. Brazil holds large reserves of oil/gas off shore. Russia holds unknown amounts of LNG oil and gas wealth as well and unknown amounts of mineral and lumber resources. The conglomerate of African Nations involved hold ridiculous amounts of precious stone and metal resources as well.

People continue to scoff at this but one thing China and Russia have always done is deal. Being one of the founding members of this in the coming decades will provide more beneficial agreements and arrangements than the west have given to places like India.

Quite honestly when you think of places like China and India and their manufacturing capabilities all that companies have to agree to is a $1 dollar a day increase in most cases and they'll have doubled the exisiting wages that western corporations are giving to the workers there.

This will pull in other south east asian nations as well.

People who scoff at this really have no clue what is going on. Couple in an upcoming south American trade bloc like Mercosur and the Western nations will most likely be sitting with their thumbs up their rumps.

The UK as always will be realistic and provided they don't continue prodding the bull the way they have since the late 90's and towing the western line they'll be able to make a clean break from the west. But places like France, America etc will be left on the outside looking in.

The Why is because the relationship in terms of power, both financial and political is very lopsided. I think you're looking at this from the potential financial upside which of course could be very large for all partners. I am looking at this from a standpoint of "they talk a good game but can they be trusted?"

This requires a bit of a leap of faith that you'll be dealt with fairly and not bullied. Considering the Big 2 specialize in being bullies, I think a fair amount of caution is warranted.

Manufacturing in China is already being undercut by places like Vietnam and Indonesia.

Truth be told the financial party for the West ended 5 years ago regardless of what equity markets may suggest.

This commercial was running a few years ago and pretty much sums it up perfectly.

The UK is nearly as financially fracked as Japan. I don't see them making a clean break from anything.

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From recent history would you say that Either Russia/USSR or China have proven to be reliable or trustworthy? You'd think having part of their country annexed would make India a little leery about China's good intentions. Both nations have proven to be inflexible and aggressive.

The Why is because the relationship in terms of power, both financial and political is very lopsided. I think you're looking at this from the potential financial upside which of course could be very large for all partners. I am looking at this from a standpoint of "they talk a good game but can they be trusted?"

This requires a bit of a leap of faith that you'll be dealt with fairly and not bullied. Considering the Big 2 specialize in being bullies, I think a fair amount of caution is warranted.

Manufacturing in China is already being undercut by places like Vietnam and Indonesia.

Truth be told the financial party for the West ended 5 years ago regardless of what equity markets may suggest.

This commercial was running a few years ago and pretty much sums it up perfectly.

The UK is nearly as financially fracked as Japan. I don't see them making a clean break from anything.

Even the nations of Brazil India Russia and China recognize the banking sector of the UK and the british pound as the end all be all still. Agreed about the west, they've been printing money and promises since 2007 and have NOTHING to show for it

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Even the nations of Brazil India Russia and China recognize the banking sector of the UK and the british pound as the end all be all still. Agreed about the west, they've been printing money and promises since 2007 and have NOTHING to show for it

They do have equity markets at all time highs. Which does help keep the pitchforks off the streets.

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They do have equity markets at all time highs. Which does help keep the pitchforks off the streets.

in the event of the failure of western development, contingency and the imf funds.

How long will that keep the wolves at bay

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Analyst: Germany Secretly Planning to Join BRICS NSA surveillance controversy centered on U.S. fear that Europe's economic powerhouse will dump the dollar

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

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

“I think they are looking for details on assisting Russia on dumping the dollar. I think they are looking for details for a secret movement for Germany to get away from the dollar and join the BRICS (Brazil, Russia, India, China and South Africa.) This is exactly what I think they are going to do,” said Willie.

Earlier this month, the BRICS nations (Brazil, Russia, India, China and South Africa), announced the creation of a new $100 billion dollar anti-dollar alternative IMF bank to be based in Shanghai and chaired by Moscow.

Putin launched the new system by saying it was designed to, “help prevent the harassment of countries that do not agree with some foreign policy decisions made by the United States and their allies,” a clear signal that Russia and other BRICS countries are moving to create a new economic system which is adversarial to the IMF and the World Bank.

Offering an insight into the attitude of the western elite towards Russia, comments made by the likes of former US ambassador to Iraq Christopher R. Hill suggest that Moscow is increasingly being viewed as a rogue state. Back in April, Hill said that Russia’s response to the Ukraine crisis meant that Moscow had betrayed the “new world order” it has been a part of for the last 25 years.

In another sign that BRICS nations are moving to create an entirely new multi-polar model adversarial to the west, the five countries are also constructing an alternative Internet backbone which will circumvent the United States in order to avoid NSA spying.

Willie also ties the Germany’s move into last week’s shoot down of Malaysia Airlines Flight 17, which has been exploited by the U.S. and Britain to push for more stringent sanctions on Russia despite the fact that they have had little effect so far and only appear to be harming the trade interests of countries in mainland Europe.

“Here’s the big, big consequence. The U.S. is basically telling Europe you have two choices here. Join us with the war against Russia. Join us with the sanctions against Russia. Join us in constant war and conflicts, isolation and destruction to your economy and denial of your energy supply and removal of contracts. Join us with this war and sanctions because we’d really like you to keep the dollar regime going. They are going to say were tired of the dollar. . . . We are pushing Germany. Don’t worry about France, don’t worry about England, worry about Germany. Germany has 3,000 companies doing active business right now. They are not going to join the sanctions—period.”

http://www.infowars.com/analyst-germany-secretly-planning-to-join-brics/

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What other choice do they have? Russia and China have a clean slate with India, Brazil, and South Africa compared to the west.. Which has shown from recent and past history to not be as reliable and trustworthy. The west in the eyes of these countries is like a modern day colonial master. They want nothing to do with the west atleast imo. Also India has regarded Russia as a great and reliable ally becsuse of their assistance during various Pakistan conflicts.

Good post drummer. As kylie once sang , better the devil you know.

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