|
Post by Duc N Altum on Jul 8, 2014 20:05:32 GMT -5
WOAH!!! At first I thought this was another article on BRICS, but NO. Wow. 100 Billion in capital ... rt.com/business/168620-china-world-bank-own/China plans investment bank to break "World Bank" dominancePublished time: June 26, 2014 13:50 Get short URL China is moving forward with a plan to create its own version of the World Bank, which will rival institutions that are under the sway of the US and the West. The bank will start with $100 billion in capital.The Asian Infrastructure Investment Bank (AIIB) will extend China’s financial reach and compete not only with the World Bank, but also with the Asian Development Bank, which is heavily dominated by Japan. The $100 billion in capital is double that originally proposed, the Financial Times (FT) reported.A member of the World Bank, China has less voting power than countries like the US, Japan, and the UK. It is in the ‘Category II’ voting bloc, giving it less of a voice. In the Asian Development Bank, China only holds a 5.5 percent share, compared to America’s 15.7 percent share and Japan’s 15.6 share.At the International Monetary Fund, China pays a 4 percent quota, whereas the US pays nearly 18 percent, and therefore has more influence within the organization and where loans go.“China feels it can’t get anything done in the World Bank or the IMF so it wants to set up its own World Bank that it can control itself,” the FT quoted a source close to discussions as saying.To date, 22 countries have expressed interest in the project, including oil-rich Middle Eastern nations, the US, India, Europe, and even Japan, the FT reported.“There is a lot of interest from across Asia but China is going to go ahead with this even if nobody else joins it,” the FT source said.Funding for the Asian Infrastructure Investment Bank will mostly be sourced from the People’s Republic of China and be used to pay for infrastructure projects.The bank’s first project will be a reincarnation of the ancient Silk Road, the vast network of trade routes between China and its regional neighbors. Another proposed project is a railway from Beijing to Baghdad.The idea for the bank was first floated in October 2013, when China unveiled plans to create the bank. Then it was initially to be funded with $50 billion in capital. Separately, the BRICS nations plan to have a $100 billion development bank ready by 2015.Funds will be reserved for emerging market members who are often bypassed by institutions like the IMF and World Bank.Bank preparations will likely be finalized at the 6th annual BRICS summit on July 14-16, when the five world leaders convene in Brazil.------------------------------------------------------------------------------ And this article excerpt says they launch before end of year!!! (2014)
www.opednews.com/Quicklink/China-Allies-with-22-Count-in-General_News-Finance-Banking_Imperialism_World-Bank-140625-843.html
China is expanding plans to establish a global financial institution to rival the World Bank and the Asian Development Bank, which Beijing fears are too influenced by the US and its allies. In meetings with other countries, Beijing has proposed doubling the size of registered capital for the proposed bank to $100bn, according to two people familiar with the matter. So far, 22 countries, including several wealthy states in the Middle East, have shown interest. The new bank will be called the Asian Infrastructure Investment Bank. Most of the funding will come from China, and be spent on infrastructure projects, beginning with a direct rail link from Beijing to Baghdad. China's push for a regional institution that it would control reflects Beijing's frustration with American dominance of the World Bank. Beijing hopes to have the bank up and running by year's end. Ok shareholders.... a very huge post in the financial news thread. I wanted to have everyone understand the importance of how huge this particular post is. It is on page 31 of the Financial News Thread and is titled: "China plans investment bank to break World Bank dominance"So here is the significance as you read this about China starting their OWN WORLD BANK by the end of the year. CURRENTLY, THE WORLD BANK IN WASHINGTON D.C .... ON A DAILY BASIS...IS THE ENTITY THAT DECIDES WHAT THE PRICE OF A BARREL OF OIL IS EVERYDAY. Does anybody see any significance here? Does anyone see this being another death blow to the current global control of the Petro-dollar/Federal Reserve system? If you have not caught the significance yet..... understand that China wants to have their currency become the Petro-Yuan, and not have to deal with purchasing the Petro-dollar to buy their oil and such. Now I have posted this video before.... but re-watch it from the start to minute 12:25 when Max Keiser and Stacy Herbert are done with their part of this video. This 12 minutes and 25 seconds is loaded with a ton of great info but the reason of me re-posting this video is because it goes into detail about the PETRO-YUAN coming into play.... and when the Petro- dollar is not the "be all" with ALL other countries buying the U.S dollar to purchase their oil... then the Petro-dollar's DEMAND is going to get slaughtered. And as I said in the Petro Thread.... you kill the "DEMAND" of the Petro Dollar... you kill the dollar and this is the oxygen supply to the Federal Reserve fiat financial system we all live under with this debt based financial system. Anyway, if you have already seen this video... re-watch it again and use this understanding with what I am leading up to with Jo's article titled----> "China plans investment bank to break World Bank dominance"Keiser Report: Petro dollar vs. Petro yuanSo now once again..... if the Chinese want to have their currency ... "the Yuan" to purchase oil and such... to which they want to be the "Petro-Yuan" .... WHAT IN THE WORLD WOULD ASSIST CHINA IN DOING THIS .... AND LET'S NOT FORGET... THE CURRENT "WORLD BANK" IN WASHINGTON D.C DECIDES WHAT THE PRICE OF A BARREL OF OIL IS.SO WHAT WOULD HAPPEN IF CHINA ALL OF A SUDDEN CREATED THEIR OWN SEPARATE WORLD BANK?.... WHICH WOULD LIKELY CAUSE THE CHINESE YUAN TO THEN DETERMINE THE PRICE PER BARREL OF OIL AND NOT HAVE WASHINGTON DC'S WORLD BANK HAVING ANYMORE CONTROL OF THE OIL PRICING. THIS COULD ALL CAUSE THE CHINESE YUAN .... (MOST LIKELY).... TO THEN BECOME THE "PETRO-YUAN." And what is the significance here? Bye -Bye Federal Reserve note / Petro-dollar! This would cause a financial crisis with the Petro-dollar & we would say good bye to the Petro, as it takes it's last breath. And what would our Congress need to do? A Financial RESET and Currency change? Wow.... lookie what cause and effects lead to!
...so now this leads to this HUGE post by Jo, in the Financial News Thread on page 31:
|
|
|
Post by imSINGLEruRICH on Jul 10, 2014 6:11:45 GMT -5
gogogadget DIAMOND DIGGER 9 hours ago Duc N Altum likes this. QuotelikePost Options Post by gogogadget on 9 hours agoCheck out this main stream media article in News Week. July 9, 2014 More credibility to what Duc has shared with us in his posts. www.newsweek.com/russia-china-india-ready-launch-rival-world-bank-258058 gogo Duc N Altum DIAMOND JEDI MASTER 28 minutes agoVery nice Inspector! Thanks for finding and posting. And that article matches the one at the bottom of the last page that you and I read. millionaires.proboards.com/post/738435 This is good stuff. And I do not see this as a bad thing..... the Petro dollar and the Fed teamed up with the United States have over and completely controlled the whole globe with it's Petro dollar control. All of these nations are just balancing out the financial ball game and in the process, killing the oxygen supply to the Federal Reserve's existence with killing the "DEMAND" of the Petro dollar. As you said, and I fully agree, the writing is all over the wall and it makes complete sense to Jay saying this was scripted.... and in the end..." countries will realign" and "it will end with the derivative finality." When these BRICS see a financial crisis that will be triggered.... they do not want to feel the pneumonia that hit everyone else globally during the 2008 financial crisis when the United States only had a sniffle. But because of the rest of the world being forced to participate in the DEMAND of using the Petro dollar and all else..... they had to take the harder fall with the United States' and parts of Europe fault with the derivatives then. When some country or some United States financial entity starts a financial crisis..... here comes the derivatives awakening and these BRICS can activate their currencies with GOLD AND SILVER ( and whatever other hard assets ) and be saved from feeling anything from the fiat dollar and the fiat derivatives. If they are then real money, why would fiat dollars or fiat derivatives have an effect on their real money and real financial systems? And keep in mind Russia alone as Jim Sinclair said.... could crush or destroy our economy all by themselves if they completely got rid of using the petro dollar. Russia is one of the BRICS and if all of the BRICS activated themselves to protect against a derivative crash awakening.... and they backed their money in real hard asset backed money..... that alone would cut the head off the Petro dollar and the demand would be done.... and inflation would sky-rocket when all of these countries send back all of their trillions of U.S dollars that they would no longer be using if they backed themselves with gold and silver making their money real. And when all of that money is back here and the only reason we the United States have the excuse in our debt based financial system to print money is because of more debt created..... imagine the infinite pain and death to our financial system when all of our U.S dollars are sent back because they no longer are using it. We would have tons of their un-used petro dollars sitting back in here in our financial system and there would be no excuse to print anymore dollars because they gave it all back and the main thing is... THIS WOULD TRIGGER HYPER-INFLATION to infinity. Bye Bye Federal Reserve debt based system and all the derivatives that would be crashing down when those interest rates sky rocket and then so does those "interest rate derivative swaps that would compound with the rising interest rates. What a world of hurt this would cause and Congress would have no choice but to cut the ties with the Federal Reserve finally AND HAVE TO DECLARE A FINANCIAL RESET because there would be no other solution to how my little mind sees this. This is just amazing... absolutely amazing..... and glad to be a part of what I believe is beyond history in the making and the rewards from what the TEAM did for us. And glad they had the foresight to not pay us before this mess or we would of lost it all or most of it in this historic Federal Reserve ...Debt Based.... Fractional Reserve Banking.... cancerous financial system/ financial Ponzi Scheme system. All in my FULL belief and thanks again Inspector for adding to this. Take care and all the best
|
|
|
Post by JoeRockss on Jul 13, 2014 7:27:15 GMT -5
Duc N Altum DIAMOND JEDI MASTER Duc N Altum Avatar Member since: October 2010 Post by Duc N Altum on 30 minutes ago
By: DrillBit 17 Feb 2008, 12:08 PM EST Msg. 665174 of 778290 (This msg. is a reply to 665153 by jay_adobe.) Jump to msg. #
Jay, maybe the Iranians have greased the 'rials'.EM
By: jay_adobe 17 Feb 2008, 12:46 PM EST Msg. 665221 of 778290 (This msg. is a reply to 665174 by DrillBit.) Jump to msg. #
Drillbit, Maybe so. Isn't the dollar backing the rial? It's getting kinda dicey over there concerning foreign exchange. Iran president said this reference the US Dollar: "They [the US] get our oil and give us a worthless piece of paper," he told reporters. Makes me think of the word 'execution', from afar of course. Anyway, we'll soon enough see how it all unfolds as we continue to get bits of info daily. Thanks. Enjoy your day.
" I feel here that we have a partnership of sorts, I mean the government and we have a partnership to save these stockholders, and I will do my best to do that." Robert A. Maheu
|
|
|
Post by JoeRockss on Jul 24, 2014 9:59:34 GMT -5
|
|
|
Post by John Winston Lennon O'Boogie on Jul 24, 2014 10:04:29 GMT -5
(Reuters) - The World Bank welcomed a $100 billion development bank founded by the BRICS nations and is ready to provide it with technical assistance, the World Bank president said on Wednesday after a meeting with India's new prime minister, Narendra Modi.
The BRICS developing nations - Brazil, Russia, India, China and South Africa - announced the bank last week, saying it would fund infrastructure projects in developing nations - a reflection of their growing importance in the world economy.
The new bank was created in part as a challenge to the global financial order created by Western powers after World War Two, which revolved around the International Monetary Fund and the World Bank. But World Bank President Jim Yong Kim, who is on a three-day visit to India, played down the challenge.
"The only competition we have is with poverty," he told reporters. "Any bank or any group of institutions that try to tackle the problem of infrastructure investment to fight poverty, we welcome."
The World Bank group was ready to increase its financial support to support job-oriented skills and infrastructure development in India to $15 billion to $18 billion over the next three years, Kim said, from $13.4 billion in the previous three years.
After meeting Kim, Modi said India was interested in the World Bank's knowledge and expertise "rather than dollars" and called on the Washington-based institution to speed up project execution.
"We live in a world where speed matters. Quick execution is essential," Modi said on his Twitter account.
The emerging powers represented by BRICS feel their newfound economic weight is not reflected in their decision-making power at the World Bank and the International Monetary Fund.
(Reporting by Aditya Kalra; Writing by Rajesh Kumar Singh; Editing by Larry King)
|
|
|
Post by 3bid on Aug 4, 2014 19:35:26 GMT -5
Text –Text– Text
BRICS…Breaking The Jewish Money Power By Brother Nathanael Kapner -- August 3, 2014
Three major changes in the American monetary system have occurred in the last one hundred years.
The first change was the creation of the Federal Reserve in 1913.
The second change was going off the personal gold standard in 1933.
The third change was going off the national gold standard in ‘71 and onto the petrodollar, an extortion racket concocted by Kissinger forcing Saudi Arabia to sell oil for dollars.
We’d give the oil producing countries military protection if they obeyed, but kill them if they didn’t.
Does Saddam Hussein and Gaddafi ring a bell?
The goal of the petrodollar was to keep the dollar as the world reserve currency.
The “Power” that has the reserve currency gets to print money in exchange for real goods.
That’s why our stores are filled with cheap goods even though we don’t produce anything in exchange. And that’s why prices would shoot up if the petrodollar was replaced.
We’re now at a point where the monetary system is going to change again. But this time the Jews aren’t in control.
The game changer was launched last month by the “BRICS” by creating a rival to the IMF and World Bank, Jewish apparatuses of global financial AND political control.
The new game in town is the BRICS “New Development Bank” and it WILL change the way the world works.
Putin told reporters, Quote: “The international monetary system depends on the US dollar, to be precise, on the monetary policy of US authorities. BRICS wants to change this.” Unquote.
These are fighting words. For the Yuan, the Rupee, and the Ruble will start replacing the dollar as the world reserve currency.
Countries won’t need dollars to buy oil any more.
And developing countries like Ukraine won’t need to borrow money from the Fed and the IMF.
They can borrow it from the New Development Bank and at much better terms.
The IMF is a death trap. It only lends for speculation, take-overs, and control…but the BRICS, to develop infrastructure and cooperation between nations. That’s their stated goal.
How does this affect the average American?
This transition from one currency—the dollar—to multiple currencies will turn Wall Mart into a Neiman Marcus.
Prices will soar and what remains of American productivity, especially agricultural, will export goods chasing the stable currencies. This will cause fewer goods produced here available to Americans and scarcity will SKYROCKET.
And, do you think sanctions against Russia are really because of ‘Russian aggression?’
Not a chance.
The sanctions are a desperate response to the threat posed by the New Development Bank to the dollar reserve currency.
No sooner was the Bank announced, the stooge regime in Kiev shot down the plane; the demonizing of Putin went into high gear; and sanctions were ramped up.
[Clip “So explain how these sanctions, particularly the American sanctions, you know, that are really sanctions that do not allow these companies, the Russian companies, to in some way participate in the American financial system. Why do you think they’re so effective?”
“Well, they’re very effective because the dollar is the dominant currency in which all international trade occurs. And when we impose a sanction on a company, that means that they cannot have access to US financial institutions, to US businesses, or really to trade in the dollar.”]
Yet, businesses in America and Germany opposed the sanctions.
If the new world order is just a ‘corporatocracy’ then the businessmen would have prevailed.
But the quick marshaling of American and European sanctions—even though against their business interests—shows the existence of a supranational, global governance that supersedes ‘corporatocracy.’
AND it shows that the character of that global governance is more political than it is commercial. It’s about who controls the world.
Who do we know that fits this description and can enforce a sudden global reversal of policy?
The International Jewish Money Power, that’s who. And Jacob Lew and David Cohen of the US Treasury act in behalf of that Power.
Washington is not “stupid,” as Paul Craig Roberts says, it’s sinister.
It’s a tool of International Jewry whose current monetary system is fated to hit the skids.
The BRICS “New Development Bank” has fired the first shot.
www.realjewnews.com/?p=954
Jim O’Neill: BRICS bank highlights US failings
The foundation this week of the BRICS Development Bank has highlighted the problems with the current system of global assistance and governance – particularly from the U.S., says Jim O’Neill, the former chairman of Goldman Sachs Asset Management.
Renowned investor Jim O’Neill found international fame during his 18-year career at Goldman Sachs by coining the term BRIC to describe the emerging economies of Brazil, Russia, India, and China.
Those developing countries, along with South Africa, have agreed to create a development bank this week that will have a currency reserve that will be capitalized at $100 billion.
The new bank will be modeled after Washington DC-based organizations the World Bank and International Monetary Fund (IMF), which emerging economies have long complained were too Western in their approaches to economic assistance.
“It’s quite a development,” O’Neill told CNBC.
“The most important thing is that it’s now a permanent sign that global governance is a mess. Global governance has not kept up with the pace of global economic change,” he said.
O’Neill said that it was understandable that the countries would want their own lending facility – especially since their voting power at the IMF still being stifled by U.S. lawmakers.
“These guys are thinking: ‘Well you expect us to keep in putting more and more money in the IMF and you won’t even give us the weight we’re supposed to have all agreed that we should have? Forget it - we’ll have our own.’”
Both the IMF and World Bank have structures that are weighted very heavily in favor of the U.S. and Europe despite the emergence of these developing superpowers. Proposed 2010 reforms have still yet to be fully ratified by Congress.
In the same article, it mentions the IMF congratulating the BRICS nations, but something about the message reminded me of the sound of daggers being sharpened in the background.
Also, Jim Rickarts is interviewed as well in a video on the same page. www.cnbc.com/id/101844214
|
|
|
Post by axis on Aug 5, 2014 8:26:02 GMT -5
The dollar should be your investing darlingFrom the earliest days of the most recent financial crisis the U.S. dollar has been beaten up by, not just Wall Street, but Main Street as well. That’s all about to change says Jonathan Hoenig of Capitalistpig.com. “We’ve talked about that weak dollar literally for years,” he says, “and I think now is actually the time to reverse that trade and go long the dollar.” Hoenig says a rising short term interest rate is one catalyst behind his call for a surging greenback. A more attractive investment environment here in the states is also helping. “Look at the turmoil in Europe,” Hoenig notes, “not just economic but geo-political as well. And it’s not hard to imagine why the Euro is sinking.” Hoenig points to the U.S. dollar index which is tied closely to the price of the Euro. “So when the Euro sinks the U.S. dollar moves higher.” He also notes that while trading currencies was once reserved those with indepth knowledge of those markets, the proliferation of ETFs, is changing all that. Hoening specifically mentions the PowerShares DB U.S. Dollar Bullish ETF (UUP), “an exchange traded fund that follows the value of the dollar. Anyone can play this and I think it’s a trend worth investigating.” Regardless of whether or not you decide to get into the buck here or not there’s a larger investing lesson to be learned. “You always want to try and be a contrarian,” Hoenig advises. “At a time when most people think the U.S. dollar is gonna collapse I think now is actually the time to buy it and go long.” finance.yahoo.com/news/the-dollar-should-be-your-investing-darling-114244849.html
|
|