Tag Archives: south africa

Business/Economics, International

BRICS to destroy U.S. dollar with new Global Bank! British empire connection! BRICS put all blame for World problems on United States!

15 July 2014 (13:14 UTC-07 Tango)/17 Ramadan 1435/24 Tir 1393/19 Xin-Wei 4712

At the start of the sixth meeting of the BRICS (Brazil, Russia, India, China and South Africa) the members agreed to the creation of their own world bank, currently being called the BRICS Development Bank ( officially called the New Development Bank or NDB).

Each BRICS member is contributing billions in cash to fund the new global bank ($50-billion initial capital, $100-billion in emergency reserve funds called the Contingent Reserve Arrangement), which will focus on loaning money to ‘developing’ countries.  The HQ will be in Shanghai and its first president will be from India.

The NDB will compete directly with the U.S. based Wold Bank and IMF.

Members of the BRICS said they were forced to create their own global bank because the United States “continued delay in progressing the IMF quota and governance reforms” and “does not solve its political problems.”

India and South Africa are still members of the British empire (aka commonwealth, officially called Commonwealth of Nations).

Germany, U.K. & Greece now part of Chinese “Strategic Partnership” 

Business/Economics, International, U.S.

What Economic Recovery? European economies crashing and burning! Greece -6.2% GDP! IMF wants Mo Money! China in trouble!

May 15, 2012, the Group of 20 industrialized countries (not for long maybe?) will be meeting in Mexico, in June.  Already Mexico and Japan are calling for G-20 members (mainly those of the BRICS: Brazil, Russia, India, China and South Africa) to give the U.S. based International Monetary Fund another $430 billion USD!!!

This is because the European economies are crashing and burning. Italy reported a minus 0.8% GDP for the January to March quarter. That’s three quarters in a row of declines! Spain reported a minus 0.3% GDP, for the second quarter in a row. But Greece reported a huge minus 6.2% GDP!!!

The only “good” news came out of Germany, which reported a stagnant 0.5% GDP. And Germany is supposed to be the economic powerhouse of Europe!  Of course main stream western media reporting it as a “bounce back” in the economy, idiots!

Overall, the entire 17 member European Union reported a stagnant 0% GDP for January to March 2012!

To make matters worse, China is reporting that European investment into China has declined for six months in a row!  Chinese officials admitted that their country’s explosive economic growth can only be driven by foreign investment (like unAmerican Corporate America shipping U.S. jobs to China).

From January to April 2012, European investment into China dropped 28%.

 

 

Business/Economics, International, U.S.

Global Economic War: Japan to dump U.S. bonds for Chinese bonds, getting ready for March 29 debut of anti-U.S. BRICS Bank

On March 13, 2012, the Chinese government approved a request from Japan, to buy U.S.$10 billion worth of bonds.

Japanese officials admitted the move was to help them “diversify” away from U.S. bonds.  The move signals the growing influence of the Chinese yuan, as a international currency.

It also comes as BRICS countries prepare to sign an agreement on March 29 that would create a new international banking system that refuses to use the U.S. dollar.

Business/Economics, International, U.S.

World War 3 & Government Incompetence?: U.S. Senator calls for blocking all Iranian oil, even thought it would destroy U.S. allies. War with Iran is meant to allow the U.S. to become a major oil exporter

Days after a UBS oil analyst said ten countries (allies of the U.S.) would be destroyed if Iranian oil was cut off, a dumb U.S. Senator proposes to cut off Iranian oil!

In a Friday interview with C-SPAN’s (Cable-Satellite Public Affairs Network) Newsmakers program, democrat Carl Levin says he wants to use the U.S. Navy to blockade Iranian oil shipments.

Levin is inviting other countries to join in: “I think (these are) options that whoever is willing to participate should explore, including Israel and including the United States.”

Levin admitted that alternative oil supplies would have to be found for the allies of the United States.  Mmmm, you mean like the United States now that it actually has too much oil on hand (recently the CEO of Exxon Mobil said the U.S. oil “…markets are well supplied.”)?  Now we know the real reason for going to war against the World’s second largest petroleum producer  (oil from Canada and North Dakota is actually creating a surplus in the U.S.).

 

Business/Economics, International, U.S.

World War 3: UBS says war with Iran will destroy U.S. allies

Julius Walker, an oil analyst with Swiss based financial company UBS, says war with Iran could destroy ten countries, from lack of oil.

He told Business Insider that not only would the price of oil skyrocket past $250 per barrel, but the economies of ten countries could be devastated.

Those ten countries are actually allies of the United States (and some are already on the verge of collapse): China, India, Japan, South Korea, Turkey, Italy, Spain, Greece, South Africa and France.  Maybe they won’t be allies for very long?

 

Business/Economics, International, U.S.

Financial Incompetence: After ratings agencies declare Greece in default, IMF offers yet another billion dollar loan!

March 10, 2012, just hours after Moody’s declared Greece in full default the U.S. based International Monetary Fund offers Greece another multi-billion Euro loan.

Moody’s declared Greece in full default after Greece agreed to a new sovereign debt (government bonds) swap deal, which will see 53% of Greece’s debt erased.  Many holders of Greek bonds will be forced to take losses.

Now Christine Lagarde, Managing Director of the IMF, is offering Greece a U.S. $36.7 billion loan.  That’s on top of the other loans Greece is still waiting for.

So credit ratings companies are saying Greece is not in a position to pay back more debt, yet the U.S. led world finance institutions are offering Greece more debt?  By the way, the  IMF had to borrow that money from BRICS!   In 2011, for the first time in the IMF’s history they were broke, and went ‘cap in hand’ to BRICS (Brazil, Russia, India, China and South Africa) to beg for money, so they could in turn lend it to Western countries.

 

Business/Economics, International, U.S.

Global Economic War: China to start using Yuan for International Loans, BRICS will dump the U.S. dollar, Hillary Clinton demands China prove its intentions! The end of U.S. dollar dominance begins March 29!

“We will discuss the creation of structures and mechanisms for lending in local currencies in order to maximize economic and financial transactions between the countries that are members of the accord.”-statement from Brazil’s development bank BNDES

The BRICS are about to lead a new Revolution; no more U.S. dollar!  It’s being spearheaded by the Chinese Development Bank.

BRICS members (Brazil, Russia, India, China and South Africa) are about to institute a new World Lending system that will not require the use of the U.S. dollar!

Reports say the new system will be signed into operation by BRICS members on March 29, 2012.  It will deal in not only the Chinese Yuan, but in local money as well.  Currently most international lending systems require loans to be made in U.S. dollars.  That’s because the major lenders, the IMF and World Bank, are actually run by the United States.

In response (yet not really explained by the main stream U.S. media why Clinton is making such a statement) U.S. Secretary of State, Hillary Clinton, is demanding China explain itself: “Given the historic challenges to security and stability posed by rising powers, they do have a special obligation to demonstrate in concrete ways that they are going to pursue a constructive path.”

Clinton’s statement shows just how paranoid the U.S. government is of China.  But, oh well, surveys show many of the citizens of the U.S. are also paranoid of China!  This new international lending agreement with the BRICS will only prove to the paranoids that they are justified in their fear.

 

 

 

Business/Economics, International, Technology, U.S.

World War 3: Canada pulls out of Kyoto environmental pact, blames U.S. & China. Durban Deal a failure? Japan may be forced to follow Canada’s lead.

“The Kyoto Protocol does not include the world’s two largest emitters, the United States and China, therefore it can not work!”-Peter Kent, Environment Minister of Canada

Canada is the first country to officially exit from the Kyoto environmental protocols.  This follows the end of the second round of ‘Kyoto’ (aka COP 17) talks in South Africa.

The COP 17 talks acknowledged that the goals set at Kyoto would most likely not be met, and they extended the deadline for those goals to 2018.  This latest round of talks is being referred to as the ‘Durban Deal’.

Edna Molewa, UN Water and Environmental Affairs Minister, called the Durban deal a “watershed” moment.  However, Canada is raining on that moment, and Japan has been warning of leaving the Kyoto Protocol as well.

“The Kyoto Protocol is not the right path.”-Masahiko Horie, envoy from Japan

Japan can no longer meet all the agreed upon goals because of the fact that 85% of their nuclear plants are shut down, or damaged.  Even before the loss of so many nuclear plants (for various reasons) Japan was still the number 5 polluter in the world!  Think what will happen as they switch back to electricity generated by coal and petroleum fueled power plants.

The following countries either refuse to take part, have quit, or are threatening to quit the Kyoto Protocol: Brazil, India, New Zealand, Russia, Japan, Canada, China (number 1 polluter) and the United States (number 2 polluter).

 

Business/Economics, International, U.S.

Confirmed, U.S. & EU push to unfreeze Libyan assets is because Rebels are broke, African countries opposed

The United States, Europe and other countries are pushing for the United Nations to unfreeze billions in Libyan assets.  This is on top of what the U.S. is unfreezing.

A Libyan rebel official admitted in a press conference they needed the money “…for supplies…to pay salaries.”

From the beginning the African Union has been oppossed to the NATO action in Libya.  Libya is a member of the African Union, and the AU wasn’t even consulted by the the United States and Europe, before the United Nations was tricked into approving military action against Libya.

South Africa, one of the most powerful members of the AU says it will vote no on unfreezing Libyan assets.

 

Business/Economics, International

Argentina warns South Africa: WalMart will destroy your economy

“WalMart does not take ownership of the goods until a product is sold.”-Sofia Scasserra, FAECYS

At a labor conference in South Africa, the Argentine Federation of Commerce and Service Workers ( FAECYS ) warned of allowing WalMart to set up shop.  The warning wasn’t about labor issues, but supply issues.  They claim that since WalMart was allowed to operate in Argentina, the affects on business supply has almost destroyed the business middle class.

In Argentina WalMart operates a “spot sale” deal with its suppliers.  Basically WalMart doesn’t pay anything for the products it stocks, until they sell.  On top of that, WalMart takes three months to pay suppliers.

Another trick WalMart plays; it ships its own products in from China.  First the the products go to Brazil, then Argentina, thus avoiding tariffs.

In the case of home appliances is was discovered that WalMart forced suppliers to sell below their cost, and even give them to WalMart for free.

The result is that Argentine suppliers are going out of business.  And the result of that, is that small manufacturers in Argentina are going out of business as well.