IMF

Phoney Opposition: The Truth About the BRICS

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bricsJames Corbett – This is a transcript of a recent email interview conducted between Devon Douglas-Brewers and independent journalist James Corbett, where they discuss BRICS, the view that many have of the organization as a resistance force and the truth behind that. The conversation ends with how we can fight back against the powers that be in our own way.

DEVON DOUGLAS-BOWERS: What are BRICS (An international financial alliance involving Brazil, Russia, India, China, and South Africa) and the Asian Infrastructure Investment Bank (AAIB) really about? Many people argue that it is these countries challenging the dominate US-based system. How is that true or not true in some respects?

JAMES CORBETT: Who is contending that the AIIB or the BRICS’ New Development Bank is in any way competitive with the Bretton Woods institutions (IMF/World Bank)? Certainly not anyone involved with any of these institutions.

In March, IMF chief Christine Lagarde pledged IMF cooperation with the AIIB.

In June, World Bank chief Jim Yong Kim issued a statement congratulating the AIIB on its formation and calling it an “important new partner” for the Washington-led development bank.

In July, NDB [New Development Bank] President K.V. Kamath returned the favor, conceding that the NDB and the IMF/World Bank are complementary institutions, not rivals.

Also in July, the AIIB and the World Bank signed an actual cooperation agreement, promising to identify projects for joint financing later this fall.

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Paulo Batista, BRICS bank VP and IMF Executive Director

No, these institutions do not view themselves as competitive. It is only various media pundits who have speculated that these new banks are in fact some sort of challenge to the so-called “Washington consensus.” What none of these experts has bothered to report (for obvious reasons) is the remarkable fact that the Vice President of the NDB is also an Executive Board member of the IMF, who then went on to pledge cooperation and joint action between the NDB and IMF. Also missing from this narrative is the fact that the NDB’s chief, Kundapur Vaman Kamath, is a former staffer of the supposed NDB “rival” Asia Development Bank. Or there’s Jin Liqun, widely tipped to be the head of the AIIB, who also happens to be a former Vice President of the Asia Development Bank and alternative Executive Director of the World Bank. Continue reading →

US Military Uses IMF And World Bank To Launder 85% Of Its Black Budget

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budgetJake Anderson – Though transparency was a cause he championed when campaigning for the presidency, President Obama has largely avoided making certain defense costs known to the public. However, when it comes to military appropriations for government spy agencies, we know from Freedom of Information Act requests that the so-called “black budget” is an increasingly massive expenditure subsidized by American taxpayers. The CIA and and NSA alone garnered $52.6 billion in funding in 2013 while the Department of Defense black ops budget for secret military projects exceeds this number. It is estimated to be $58.7 billion for the fiscal year 2015.

What is the black budget? Officially, it is the military’s appropriations for “spy satellites, stealth bombers, next-missile-spotting radars, next-gen drones, and ultra-powerful eavesdropping gear.”

However, of greater interest to some may be the clandestine nature and full scope of the black budget, which, according to analyst Catherine Austin Fitts, goes far beyond classified appropriations. Based on her research, some of which can be found in her piece “What’s Up With the Black Budget?” Fitts concludes that the during the last decade, global financial elites have configured an elaborate system that makes most of the military budget unauditable. This is because the real black budget includes money acquired by intelligence groups via narcotics trafficking, predatory lending, and various kinds of other financial fraud. Continue reading →

Ben Fulford (Apr 20 2015) – US Corporate Government Goes Bankrupt On April 17th, Refuses To Acknowledge [Full Post]

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Notice to readers:  This is the last post I will be publishing from Ben Fulford. There are a number of other sites that post this material. Please either sign up for Ben’s weekly newsletter or visit one of these other sites for Ben’s info in future.  Thank you. – Gillian Grannum

The UNITED STATES OF AMERICA CORPORATION based in the Washington D.C. extra-territorial enclave inside the Republic of the United States of America failed to make a payment on March 31st and was given until April 17th to come up with the goods but was unable to, according to Chinese government and CIA sources. For that reason the US corporate government has gone bankrupt, the sources say. However, the folk in Washington do not plan to go quietly and are still fighting to survive.

worldThis can be confirmed in the corporate propaganda and government news wires around the world in reports about the Washington IMF/World Bank meetings that ran from April 16-18. The news reports to the general public do not mention the word bankruptcy but rather say things like 19 out of the 20 so-called G20 countries are angry that the US will not give up its veto over the World Bank and IMF. In other words the US government has been publicly repudiated by leaders of 19 out of the 20 top economies.

The current US situation reminds of an old joke my mother told me about a woman watching a military parade and shouting proudly “look my son is the only one marching in step.”

Underneath the surface too, there is a lot of spy movie type subterfuge going on involving high denomination bonds, identity theft, murder and secret negotiations as various players jockey for position in the emerging new financial system.

A new set of meetings between the White Dragon Society and Chinese communist government representatives last week ended with a basic agreement that China was to get a 20% voting share in the new system and that China would not be seeking world hegemony. There was a lot of other stuff discussed that cannot yet be made public for security reasons but involve a plan to seriously help the vast majority of humanity. Continue reading →

Meet The Secretive Group That Runs The World

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Over the centuries there have been many stories, some based on loose facts, others based on hearsay, conjecture, speculation and outright lies, about groups of people who “control the world.” Some of these are partially accurate, others are wildly hyperbolic, but when it comes to the historic record, nothing comes closer to the stereotypical, secretive group determining the fate of over 7 billion people, than the Bank of International Settlements, which hides in such plain sight, that few have ever paid much attention.

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The following is an excerpt from TOWER OF BASEL: The Shadowy History of the Secret Bank that Runs the World by Adam LeBor.  Reprinted with permission from PublicAffairs.

The world’s most exclusive club has eighteen members. They gather every other month on a Sunday evening at 7 p.m. in conference room E in a circular tower block whose tinted windows overlook the central Basel railway station. Their discussion lasts for one hour, perhaps an hour and a half. Some of those present bring a colleague with them, but the aides rarely speak during this most confidential of conclaves. The meeting closes, the aides leave, and those remaining retire for dinner in the dining room on the eighteenth floor, rightly confident that the food and the wine will be superb. The meal, which continues until 11 p.m. or midnight, is where the real work is done. The protocol and hospitality, honed for more than eight decades, are faultless. Anything said at the dining table, it is understood, is not to be repeated elsewhere.

Few, if any, of those enjoying their haute cuisine and grand cru wines— some of the best Switzerland can offer—would be recognized by passers-by, but they include a good number of the most powerful people in the world. These men—they are almost all men—are central bankers. They have come to Basel to attend the Economic Consultative Committee (ECC) of the Bank for International Settlements (BIS), which is the bank for central banks. Its current members [ZH: as of 2013] include Ben Bernanke, the chairman of the US Federal Reserve; Sir Mervyn King, the governor of the Bank of England; Mario Draghi, of the European Central Bank; Zhou Xiaochuan of the Bank of China; and the central bank governors of Germany, France, Italy, Sweden, Canada, India, and Brazil. Jaime Caruana, a former governor of the Bank of Spain, the BIS’s general manager, joins them. Continue reading →

Joseph Farrell ~ News And Views From The Nefarium – Apr 2 2015 [Video]

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The USA’s bankEuropean Allies have bucked Washington’s pressure to become founding members of China’s Asian development bank. The question is, why?

[youtube=https://youtu.be/2agOaQ7HTUk]

Real Reason for the Asian Investment Bank – and Western Participation

The Daily Bell – Defying U.S., European allies say they’ll join China-led bank … Germany, France and Italy said on Tuesday they would join a new China-led Asian investment bank after close ally Britain defied U.S. pressure to become a founder member of a venture seen in Washington as a rival to the World Bank. – Reuters Continue reading →