BRICS will create a bank to end hegemony of Europe and the U.S.

The bank will be the headquarters for trade in multiple currencies which do not include the dollar or the euro as references.

By LUIS MIRANDA | THE REAL AGENDA | MARCH 27, 2013

The first day of the fifth annual summit of BRICS (Brazil, Russia, India, China and South Africa) was dedicated to the bilateral relations of its members, and it served to meet the intent of the five members on Wednesday who issued a joint statement on the commissioning of a bank, which would serve as a counterweight to the World Bank and the International Monetary Fund. The BRICS consider both institutions excessively controlled by Europe and the United States.

Issues such as decision-making or the contribution of each member are yet to be decided, which will likely prevent the release of the specific plans for the bank today, ahead of the meeting of Finance Ministers.

The creation of a joint fund of foreign exchange reserves will be another issue on the table, and the establishment of a self-study center and a business council of the BRICS.

Furthermore, the investments that BRICS make in Africa will be one of the key issues to be addressed at the summit today. “The association of the BRICS and Africa for the development, integration and industrialization” will be the slogan used to bring everyone together during the discussion.

The South African Minister of Trade and Industry, Rob Davies, stressed the importance of economic relations between the five and the mainland during his speech to businessmen from all members in the Business Forum of the BRICS.

“The African continent is recognized as the second fastest growing after Asia,” Davies recalled, citing the need for infrastructure as one of the attractions for investing in Africa at this time of economic crisis in Europe and the U.S..

A study by the Standard Bank, the BRICS trade with Africa rose last year to 340,000 million dollars, far exceeding the number of exchanges between the five economies of the group.

Moreover, the currency swap agreement reached by Brazil and China has a value of 30,000 million dollars, said the president of the Brazilian Central Bank, Alexandre Tombini, in the South African city of Durban. “The objective is to facilitate trade between the two countries regardless of international financial conditions,” said Tombini.

The agreement is valid for three years and protects trade between the two economies against dollar fluctuations and international financial turmoil.

The Brazilian Finance Minister Guido Mantega told reporters that, along with their counterparts from the BRICS, he proposed to the presidents of their countries to create an agreement of the same type in a multilateral way among all partners.

In the intense round of bilateral meetings which marked the first day of the summit, South African President and summit host, Jacob Zuma, met with colleagues from China, Xi Jinping, Russia, Vladimir Putin, and Brazil, Dilma Rousseff. For his part, the president of Brazil did the same with Prime Minister Manmohan Singh.

Rousseff meets today with the president of China, the largest trading partner of Brazil, according to Brazilian sources who are part of the  country’s delegation in South Africa.

Moreover, the human rights organization Human Rights Watch (HRW) today took an opportunity to urge the BRICS to stop the Syrian conflict and to require an “immediate cessation” of “indiscriminate” violence against civilians. In a statement, HRW called for India, Brazil and South Africa to “pressure” to Russia and China, which have good relations with Damascus to “suspend weapons sales and assisting the Syrian government.”

BRICS countries account for about 42 percent of the world’s population and nearly 45 percent of the labor force on the planet, according to the group’s own figures. In 2012, Brazil, Russia, India, China and South Africa accounted for 21 percent of world’s GDP and trade between them reached a total of 282,000 million.

Rich European nations meet to plot against the poor

By LUIS MIRANDA | THE REAL AGENDA | FEBRUARY 7, 2013

In the twentieth century, political Summits were seen as meetings to achieve common ground for the benefit of one or two nations. Then came globalism, a movement that intended to transform the world into one slave system governed by the fewest people possible. Summits turned into opportunities to confabulate against those who were not aligned.

This scenario is reflected at its best in Europe, where politicians and their masters create and manage their dream power-grabbing projects. In the 21st century, Summits have been all about imposing austerity and financial control on all member nations in Europe through Brussels and the rest of the world through existing supranational entities such as the IMF and the World Bank.

Right now, the UK is demanding more austerity while ensuring that it will keep intact the rebate negotiated by Margaret Thatcher back in the day with her battle cry, “I want my money back”: the ensign of the British, and of many others. France, which is in favor of growth policies, has not gotten a single one of his proposals looked at, which demonstrates that the continent is in the middle of a fight for political power among the different factions that aim to control the world.

The Summit of Heads of State and Government starts today in Brussels to decide the EU budget for 2014 to 2020. It is marked by three principles: austerity, lack of solidarity — which the controllers use as a way to impose austerity on anyone who does not want it — and political crisis. Rich Europe will again conspire to cut budgets for all its members.

This time the deal is possible, many believe. All members, without exception, agree that the EU budget can not be alien to the culture that permeates the European economic policy. For the first time in the relatively young history of the Union, the budget will be lower than the previous period, 2007-2013, some experts predict. But lower budgets will not be the only issue to be negotiated during the Summit.

The President of the Council, Herman Van Rompuy, a globalism advocate, was close to closing the deal in November. He introduced a cut of 80,000 million compared to the Commission’s proposal — about 1 billion euros for seven years, which is equal to a 1% of European GDP and twenty times less than the U.S. budget. In Germany, the UK, Holland and Sweden seemed little. So there was no sign the agreement and the cuts, which will have an extra 15,000 million in cuts.

With those numbers, budgets can not serve as an impetus to go anywhere. They won’t help to fight youth unemployment either, even though it supposedly adds some patches to work on it. It will not stimulate growth, as it has been proven by the inefficacy of the measures approved in June. The results obtained after politicians aligned with bankers to transfer public and private money to their coffers as supposed to helping solve the crisis, is not an accident. As we have explained many times before, the technocrats who are in charge of guarding against their own policies never intended to have a recovery. They are attempting to collapse the world economy as slowly and seamlessly as possible, achieving the largest creation of debt imaginable before flushing the system to leave taxpayers ‘holding the bag’.

The theater is assured: “It is now or never,” said a senior participant of the Summit. The meeting will be as dramatic to the public as the main stream media is able to portray it. At the end, it is likely that each representative will accept the bribe offered by the European cabal so it can go back home praising the wonders of the agreement signed in the wee hours of the night and whose details will probably not be fully known.

The new austerity measures will not only affect the amount of money countries can depend on as members of the EU, it will also include deep cuts to expenditures for maintenance. The thesis of the rich countries led by Van Rompuy calls for deep cuts on infrastructure (mainly telecommunications and energy. This is a chapter called Connecting Europe, which will suffer cuts for 10,000 million. The result of this measure can be easily seen years into the future: collapsing infrastructure everywhere except in the large mega-cities, where the new world order wants people to be packed into so they can be controlled and spied on more easily.

Austerity, however, is not valid for everything. For example, the globalist led World Economic Forum, called for massive austerity all over the planet, except for programs that directly affect globalist organizations. Another example is the British rebate cheque, which remains more or less shielded with 3.000 million a year. Some exceptions are untouchable: the check would remain intact even if there was agreement among the leaders.

And what if there is no agreement? There will always be a plan B. For example a controlled acceleration of the financial decay, a world war or an unknown, invisible threat that justifies cutting budgets or enrolling the military industrial complex to once again drive the continent’s economy out of shambles. Anything that helps impose austerity, erode national interests and sacrifice growth, especially in the poorest regions will be adopted, passes, approved; even if a tunnel needs to be dug from one side of the Earth to the other.

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World Bank wants to enslave unbanked minority through “inclusion” measures

By LUIS MIRANDA | THE REAL AGENDA | JANUARY 15, 2013

Some 2,500 million people or 28% of the total population of the Earth, live on the margins of financial products and services. This group covers three quarters of the world’s poor and a large group of individuals living in rural areas. These people, despite their good or bad economic situation, are what many call ‘financially independent’ because they are free from the chains of the global banking system.

But their independence may not last long if the World Bank has its way. The globalist entity has called for measures of “inclusion” for this group of over 2 billion persons, which according to reports would begin by reducing the costs of using banking services and streamlining documentation requirements.

One thing is clear, banks want no one to be free from their chains, which is why the Western military industrial complex continues to invade Middle Eastern and African non-aligned nations that run their affairs independent from the global financial system. At this point in the 21st century, the global bankers cannot imagine having nation-states that function outside their ring of power, without debt and without a financial crisis.

Experts at the World Bank also believe that the financial entities should minimize the inconvenience caused by the gap between the potential users of financial services and the banks themselves so that the global banking system can ‘help’ them with their savings, insurance, payments or credits, for example. That is why it is more common to see an ATM machine on the side of a dusty road near a town where people don’t even have running water or to facilitate banking services through mobile devices to people who barely know how to write and read.

According to the Wold Bank, governments must be responsible for providing the conditions so banks can reach out to the people who, until now, have not used banking services. Governments need to implement public policies to engage those who live their lives with zero debt, through initiatives that promote “safe and effective savings”. One would think that if these people needed financial services or cash machines in order to run their lives, they would seek them by themselves.

Behind the World Bank’s initiative to grab every single penny that exists there is the Bill and Melinda Gates Foundation, which finances a project called the Global Findex. It is a list of with 41 indicators on banking habits that is supposed to be updated in 2014 and in 2017. The grant given by the tax-exempted philanthropic organization that also finances the development of genetically modified organisms and vaccination campaigns all over the world, will be available for 10 years. The total provided to carry out the project amounts to 2,243 million euros that will be spread across more than 50 nations.

The Global Findex Project received the consent of the banking entities to track transactions and the use of banking services. The promoters of the project say it helps assess how financial services “facilitate economic growth and reduce income inequality.” A supposedly inclusive financial system “allows poor people to smooth their consumption and insure themselves against the many economic vulnerabilities they face.”

The word inclusive means it allows the banks to literally know everything about their customers financial habits by tracking every single expense down to a penny. “Recognizing the need for better data to support the financial inclusion agenda, the World Bank’s Development Research Group, with a 10-year grant from the Bill & Melinda Gates Foundation, has constructed the Global Financial Inclusion (Global Findex) database.” That is all, a worldwide database centrally controlled by banking entities who as the song says get to know “what you have for breakfast and what you’ve hidden in the mattress.”

Anyone with a minimum level of wisdom and a clear understanding that the bankers are solely responsible for the global financial crisis, would be able to discern that this move to “include” is actually a step forward to enslave a significant portion of the world’s population, who so far has managed to live a life free from the chains of the global financial mafia.

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Do you want a recovery? Let the foreign banks fail

By LUIS MIRANDA | THE REAL AGENDA | OCTOBER 24, 2012

Although the financial crisis is said to have begun in 2008, its actual inception started many years before. As explained yesterday, the so-called recovery that almost every politician says governments are seeking is a sham. There are no plans drawn to have a recovery of the kind spoken of on the main stream media. In fact, it is totally the opposite.

It is true; the crisis that we are experiencing is the worst since the Great Depression of the 1930’s, but the conditions that created the crisis are the same that have existed for the past century. The system of creating money out of thin air enables the money makers to inject fake capital into economies, in what is called investments. After the economies get addicted to ‘free’ quick money to build their businesses, the issuers of the fake money take it away quickly or demand immediate return on those ‘investments’, which causes the decapitalization of those economies and consequently their collapse.

The causes of what seemed to have unraveled in 2008 began at the start of the 20th century with the adoption of the debt-based economic model. According to its precepts, governments yield the power to issue money to a group of international bankers who issue the it on behalf of governments around the world at a profit of as much as 30 percent or so. The interests accrued due to the issuance of the money — which is given to governments as a credit — is charged on those governments’ credit card and are immediately added to the tabs of the people who work to sustain government spending.

In a sense, the debt-based economic model originated on the irresponsibility from the part of the bureaucrats who manage the  government. Instead of spending the people’s money responsibly, the bureaucrats thought it was a better idea to borrow cash at immense interest rates, rather than decrease spending. Then, they decided to accept bribes and advice from international bankers to finance their out of control expenditures while charging the interests of the debt on the working classes.

The same system initiated in 1913, is still used today everywhere there is a central bank. Whether the bank is a private entity or an agency of the government is irrelevant. The bureaucrats elected to represent the people borrow money from the IMF and the World Bank, for example, in exchange for adopting specific policies that will guarantee the international bankers their ownership of the labor force for many generations into the future.

The money paid by working people to the central governments is not used to improve the communities where they live. They go to pay the interests on the debt acquired by the same central government in the name of the people. The type of improvements promised by politicians during their political campaigns are not paid with taxpayer money, but with the cash borrowed from the international bankers. The bankers arrive to nation-states and offer loans to governments that do not have enough liquidity to carry out the promises made during the political campaign. The government accepts all the conditions on the loan contract and effectively sign away sovereignty to the money makers.

The collapse of the kind the world is experiencing now is the last step of the plan that bankers have put together and implemented to become the sole owners of everything out there. The important difference between previous crises and the current one is that this may just be the last time bankers need to use their plan. That is because this time the bankers may simply walk away with everything, so no more manufactured crises will be needed.

The question is then, how do we stop the bankers from doing the same they’ve done in Greece, where they’ve looted it all? It is very easy, actually. All of Europe and the rest of the world needs to do the same that Iceland did. Instead of saying that international financial institutions were too big to fail, Iceland decided to kick them out. As it turns out, around 90 percent of the debt held by the Icelandic government was debt created by the banks and only 10 percent was actual debt incurred into by the people. After that fact was carefully determined, Iceland decided to take the other path towards a real recovery.

Believe it or not, Iceland decided to let the banks fail, which is exactly the opposite of what was done in Italy, France, Greece, Spain, England and the United States, to cite a few countries. Everywhere else where the crisis touched international banks, governments decided that it was a bad idea to tell the banks to get out of their countries and to take their debt with them. Instead, they printed more fake money to ‘rescue’ those banks and passed the debt to the people, who will have to pay interests on that debt for generations to come. This move not only did not solve the problem because the only thing it accomplished was to increase the debt, but also worsened economic conditions as no real solutions to the crisis were enacted.

At the beginning of 2008, the banks operating in Iceland owed the equivalent of 6 times the country’s GDP. The government there decided to nationalize the 3 most important debtor banks, which caused the devaluation of the local currency — the króna — by 85 percent. This seemed to spell trouble for Iceland, but contrary to common wisdom it actually help the nation have a real recovery while it maintained much of its independence and sovereignty. The government went bankrupt by the end of the year, but the country avoided having to make the citizens responsible for the debt generated by the international banks.

Along with the devaluation of the króna, Iceland experienced soaring inflation immediately after the declaration of bankruptcy. Meanwhile, the government decided to take all monies and deposit them in the recently nationalized banks in order to start all over again. The move by the Icelandic government meant a short period of real pain, but also gave the opportunity to the people there to start fresh, with no debt and with spending under control.

By 2010, just two years after the declaration of bankruptcy and the nationalization of the banks, Iceland experienced its first signs of economic growth, which marked the beginning of the recovery. By letting the international banks fail, Iceland not only punished irresponsible bankers for their overreach, but also prevented their people from becoming slaves to the banks. The country also admitted to having some real debt — a tiny portion of the total — and is now working on a successful path to a full recovery.

The lesson we get from all this is the following: We cannot fight fire by dumping gasoline on it. If the origin of the current crisis is the debt-based economic system, no solution will emerge when all we do is create more debt to pay the existing one. The reason why most countries decided to choose the issuance of more debt — as nations in Europe are doing now — is because their politicians are bought and paid for by the bankers to make that decision. If the opposite is done, that is, if the debt generated by the banks is rejected and they are left to fail, we will have many other successful recoveries. It is so simple that even Paul Krugman understands it.

So if you want your country to be free from fake money and fake debt, ask your government to renounce the debt-based development model, which is not even a development model. If all you want is a real recovery, let the banks fail.

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If no one believes in the recovery, why are Europe and the world Trying?

By LUIS MIRANDA | THE REAL AGENDA | OCTOBER 23, 2012

I don’t know you, but I’m sick and tired of hearing about the financial collapse. The financial crisis we are now in was predicted long ago, and those predictions were correct. So why hasn’t it happened? First of all, it is happening. In fact it began a while ago. While many people expected to have a sudden collapse, which dragged the world into a whole, the fall of the international financial system was not planned to take place that way. Second of all, the financial collapse was planned to occur slowly and painfully, not only because the elites that planned it are financial sadists, but also because that is the only way to carry out their plan successfully.

The slow financial collapse allows the perpetrators to slowly bite off pieces from the grand pie, inflicting lethal but manageable pain and damage into the world’s economic and financial systems. This tactic in turn prepares the field for further deterioration and acquiescence from the public and the governments who they control. The kind of financial terrorism carried out by the largest financial entities in the history of the world, which are controlled by the smallest amount of people ever, makes it possible to successfully materialize the elite’s dream to create the most powerful monopoly of money and resources while they present themselves as the saviors.

The truth however, is that they are not saving anyone but themselves. While they buy off politicians and buy up land and essential resources for pennies on whatever currency they want, governments continue to fail to hold them accountable for their crimes. In fact, the bureaucrats in governments are faithful accomplices of the elites. Only one country has been able to partially defeat these monopoly men, and that country is Iceland. After kicking the bankers out, Iceland is now racing on the path of recovery, with a growing economy that simply sparked to life after telling the bankers that the illegal debt they had put under Iceland’s name was not theirs.

Iceland did what no other country had the guts to do: let the banks fail. Four years later, the country is being praised by the International Monetary Fund (IMF). That’s right. One of the most important globalist organizations who are out to destroy countries like Italy, Greece, Portugal and Spain, congratulates Iceland for doing the right thing. The Icelandic people did not need to go through austerity programs, they did not lose millions of jobs and neither did they have their pensions or retirement accounts looted by the bankers. “The recovery has been quite impressive. GDP growth has picked up in the last couple of years and is now running around three percent a year,” says Franek Rozwadowski, a visitor from the IMF.

On the other side of the road there are countries like Spain, Italy, Greece and Portugal, all of which chose to follow the bankers’ path to destruction. Spain has increased its debt dramatically in a supposed effort to curb the government’s deficit, imposed massive austerity measures, looted pension and retirement accounts, cut public jobs, accumulated a 24% unemployment rate, “rescued” its banks at least twice, adopted deadly economic policies as ordered by Brussels, but still is on its way to the financial precipice. The same model has been used by Greece, Italy and Portugal, who are following Spain on their way to social collapse. It is estimated that the Spanish debt will reach  23 billion euros by the end of the year, with no hope to see the light at the end of the tunnel.

The main reason for this is that the pact completed between the Spanish government and Brussels never intended to take Spain out of the dark tunnel. As explained in the documents obtained from the World Bank, the collapse of most European nations is part of a well-crafted plan that the elite has applied over and over again throughout the world. It happened in small countries like Guatemala, Nicaragua, mid-size countries like Argentina, and now in larger economies like Spain, the United States, France, Italy, Greece and others.

As it turns out, the so-called bailouts are not such things. They are more like acquisitions. As explained by Journalist and researcher Greg Palast — who broke the story about the World Bank’s plan — the idea is to secretly repossess the assets of every country in the world. This is achieved through a bribery system in which the global bankers buy off the politicians in different countries so that they adopt IMF and World bank policies that intend to destroy their economies. Once the policies have been adopted, the bankers begin to slowly but surely subtract the resources of those countries unnoticeably, mainly through financial aid programs and trade agreements.

The mistaken belief that a recovery will come out of the current austerity measures and financial bailouts stems from the well engineered propaganda campaign orchestrated by the banking system and the main stream media, who have gone from denying that there is a crisis to accepting there is one and that the same bankers who caused it, who planned it, are going to be the saviors. Little do most people know that the kind of crisis we are now going through is part of the plant to carry out a planet wide extortion scheme through which the globalist banking elite once again walks away with significant amounts of resources.

The difference is that this time the looting is not limited to once small or mid-sized nation, but to several large countries in Europe and the world. Greek islands are now for sale to the best bidder, because the country cannot pay its debt. Guess who will come to the rescue? The monopoly men will come and buy the islands for cents on the Dragma. The same situation will happen in Spain, once Mariano Rajoy requests the financial rescue. So if you are asking yourself why is it that the economy isn’t getting better despite the continuous assurances that everything on the books is being done to get to that point, the truth is that the banker plan does not contemplate a recovery. At least not one where everyone will have the opportunity to thrive.

Read the complete interview given by Greg Palast after learning about and getting the World Bank’s secret documents that detail how the global financial entities destroy nations.

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