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The Moral Imperative of the BRICS Paradigm
June 29, 2015, 7:04 am

Nineteenth century historian Lord John Dalberg-Acton said, “power tends to corrupt, and absolute power corrupts absolutely”.

This has never been more true than with the case of the International Monetary Fund (IMF) and the World Bank, and the power they hold over world governments and their people.

In one way or another, they have acted intentionally (or unintentionally) to subvert nations and their constitutional governments, monarchies, duly elected leaders, the major media, and any and all guardians of people’s human rights and civil liberties.

This is the global problem we are all facing now – there is currently no competition to the IMF and World Bank in the global marketplace for credit, loans, issuance of money and capital, the power to grow and develop economies, project finance, and to stay competitive with the influx of much needed capital to house, clothe, educate, or feed the people of the world.

The stranglehold that the IMF and World Bank wield over the world has given rise to impossible debts to be paid by Second and Third World nations.

This in turn has led to a stunting of economic growth in the wake of stringent austerity programs, leaving 99 per cent of the world’s wealth in the hands of a few plutocrats/oligarchs.

A by-product of the above is the resulting currency wars, which are now bringing us all dangerously close to nuclear cataclysm with the aggressive advancing of NATO in the Ukraine to Russia’s borders, and with the Greece-EU standoff – which is now pushing Athens closer to the BRICS format of doing business.

Currency wars have invariably followed an attacked nation’s general refusal to join the IMF global banking cartel, instead choosing to maintain its own banking sovereignty.

Such was the case with Libya, Yemen, Iraq, Afghanistan, and other nations; future targets of NATO aggression include Iran, Syria, North Korea, and Russia, which overtly or covertly backs them all.

Fighting monopoly

In the US, the business norm has always embraced and encouraged competition – indeed the Sherman Act of 1890 codified this grand old American tradition that monopolies are always inherently evil, harm the people they serve, and corrupt the local, state and federal governments on the judicial, executive and legislative branches.

IMF Chief Christine Lagarde (seen here with UK Prime Minister David Cameron) is a regular participant at the secretive Bilderberg meeting, an annual gathering of some of the most powerful and influential figures in the world, reinforcing without accountability the dominance of a transatlantic capitalist cabal [Image: IMF]

IMF Chief Christine Lagarde (seen here with UK Prime Minister David Cameron) is a regular participant at the secretive Bilderberg meeting, an annual gathering of some of the most powerful and influential figures in the world, reinforcing without accountability the dominance of a transatlantic capitalist cabal [Image: IMF]

But there has been a marriage of corporate/banking interests with government in the US, resulting in a fascist, dictatorial, insensitive federal and local government, supplanting the people and their human and civil rights with the awesome power and cold-bloodlessness of an authoritarian state.

Families have been destroyed, race relations are at an all time low, division is endless and increasing, and the people are literally at each other’s throats, all under the watchful but indifferent eyes of the state.

The hidden hands behind governments – the wealthy international oligarchs and billionaires, banking and corporate interests, and unfriendly foreign governments – look the other way as the fractious atmosphere is fomented.

These are not conspiracy theories, particularly in light of the recent revelations that the multi-billionaire Koch Brothers are behind the right wing elements (Republicans) of the US government, and that billionaire George Soros behind the leftists (Democrats); it is quite evident that we are all pawns in the chess game of life.

Chaos in the streets (fascinating report on Soros’ funding of Ferguson protests) becomes acceptable because then the people will be distracted from dealing with the real causes of their stagnation and stunting of development and growth, while the debt payments keep rolling in from their host nations.

The BRICS solution

The BRICS banking paradigm offers a refreshingly soothing and exciting alternative to this out-of-control octopus of global banking strangulation currently put in place by the IMF.

BRICS also offers a way out of the legacy of European colonialism which has plagued the planet for the past few hundred years, wherein mostly brown and Third World nations are literally under the enslavement and yoke of their European financial masters.

The legacy and badges of slavery live on through the financial masters’ control of these indigenous countries’ money supply and credit.

This is why 132 nations (mostly former colonial victims), which had been calling on the UN for a new financial paradigm, immediately saw hope in the BRICS alternative banking and financing initiatives a few months ago.

57 countries have already formally joined the China-led Asian Infrastructure Investment Bank (AIIB), the first total break from the Western Bretton Woods institutions.

Meanwhile, the initial capitalization of the BRICS Bank is stated to be $100 billion, although this is projected to increase exponentially and significantly in the years to come, as their client states and governments have already promised to contribute to its success.

For every Coca Cola, there has always been a Pepsi Cola. For every McDonalds, there has always been a Burger King. And for every PC Computer, there has always been a Mac.

The United States has always stood for healthy and robust competition, frowning on monopoly and anti-trust activity, so it appears to be a natural and historically traditional progression that if the United States is to remain as a healthy member within the global banking community, that they would also join, if not wholeheartedly support, the creation of the BRICS paradigm.

Choke hold

Why the United States has openly discouraged and fought this new global banking alternative is the ultimate manifestation of the consequences the stranglehold that the world’s central banks, as organized by and under the IMF, has caused.

Within the United States, the subjugation and subversion of the US Constitution and the attendant civil liberties the people have enjoyed is at an all-time low – and the people know it.

America’s fate was sealed with the repeal of the 1933 Glass-Steagall Act in 1999 during the Clinton Administration.

Anti-war activists protest as U.S. Defense Secretary Chuck Hagel (L) and Chairman of the Joint Chiefs of Staff General Martin Dempsey (R) testify before the Senate Armed Services Committee on Capitol Hill in Washington, D.C., the United States, Sept. 16, 2014 [Xinhua]

Anti-war activists protest as U.S. Defense Secretary Chuck Hagel (L) and Chairman of the Joint Chiefs of Staff General Martin Dempsey (R) testify before the Senate Armed Services Committee on Capitol Hill in Washington, D.C., the United States, Sept. 16, 2014 [Xinhua]

Following the Great Depression in 1929 (which lasted until 1939), US lawmakers looked for reasons why such a calamitous financial debacle happened. They believed that improper commercial banking pursuits in the stock market led to the crash by using depositors’ monies in high-risk situations.

The 1933 Glass-Steagall Act established barriers between commercial and investment banking. Banks had to either focus on commercial endeavors or investment, but not both. That barrier, removed in 1999, was primarily designed to protect people’s deposits in case the investments fall through.

The peril to people’s investments was further exacerbated by the Gramm-Leach-Bliley Act of 1999, which ended previous restrictions that had prevented the merger of banks, stock brokerages and insurance firms.

Such mergers meant that when these enterprises merged, they would have access to personal information of millions of people.

While the Act called for three measures to protect personal data, it did not restrict the mergers.

The 1933 Glass-Steagall Act repeal and the Gramm-Leach-Bliley Act of 1999 combined eventually meant that people’s money deposited in banks could now be mercilessly and carelessly plundered and gambled away by the banks due to the dissolution of the previous firewall barriers between the people’s money and the global banks.

Most economists would argue that this was the major contributing factor towards the financial meltdown in 2008, exacerbated and provoked by the low-credit money and mortgage lending practices of the US Housing and Urban Development government agency, which was forced and packaged nicely by huge banking and investment subsidiaries as Goldman Sachs, AIG, Lehman Brothers, Bear Stearns, and the other 10 massive banks deemed “too big to fail”.

Since the great tradition in the US has always historically supported free competition in the marketplace, any marketplace, it is incumbent upon Washington to join the BRICS financial institutions.

The US needs to stop making the 99 per cent pay to make the wealthiest 1 per cent a whole lot wealthier. It must guide its people out of the global quagmire and debt stranglehold it became entangled in because of the IMF and its European colonial counterparts.

This becomes necessary in order to attain economic freedom to better preserve and safeguard the constitutional and civil liberties that Americans fought countless bloody and destructive wars to protect since 1776.

The views expressed in this article are the author's own and do not necessarily reflect the publisher's editorial policy.

10 Responses to The Moral Imperative of the BRICS Paradigm

  1. Richard Miller Reply

    June 29, 2015 at 7:46 am

    The difficulty we face here in America is that the people who have the power to make the changes will not make them. They may be good hearted when first elected, but in no time they become corrupted by the lobbies, and backdoor money. I truly believe that term limits in congress are essential. We have career congressmen who DO NOT base how they vote on the good of the country but instead on the special interests that give them money. This has to stop. Secondly the American people need to care about it. No one I know even knows about Obamas secretive trade deal, or has even heard of Brics, or the new bank. This falls onto the Biased Mianstream media protecting special interest. I only know about it and am here now because I know something is up, and I have to find it myself because they will not tell you. God Bless

    • WesC Reply

      July 4, 2015 at 7:54 pm

      AMEN BROTHER!!

  2. Aridzonan_13 Reply

    June 29, 2015 at 3:08 pm

    There is no problem in the US and UK that the enforcement of existing laws would not cure. The problem is selective enforcement. Large corporations have gained what I call “Rollerball” (`75 movie ) total power status. Hence, my term FedGov.Inc. The Anglosphere has put a “Naked Short” on the entire globe. Where they make money on financial demise. The BRIC’s alliance has been a long time in coming. And dare I say, inject a little competition into world markets.. Capitalism. What a concept!

  3. Frederick Warner Harvey Reply

    June 29, 2015 at 5:19 pm

    I regard the article as “important” for those who wish to grasp the emerging paradigm.

    The spiritual battle on earth that is being fought “with ferocity” by the prospective loser, and “inevitability” by the prospective winners, even as we speak, is perhaps the most profound of its type in world history, at least in this era of man (since about the emergence of Sumer in 6000 BC)

    Those who get it right will succeed. Those on the right side of this war will transcend death, and go beyond to the stars.

    Those who invest in the wrong side will go down into death, and perpetual darkness…oblivion.

    You pick, if we are fighting this war the outcome is not yet “decided”.

  4. Roacheforque Reply

    June 29, 2015 at 5:43 pm

    I seem to recall the US founding fathers had a moral obligation in their secession from King George’s empire. The southern states didn’t do so well 75 years later. Now we ARE the empire. Human nature was best described by Lord Acton: “absolute power corrupts absolutely”.

    Perhaps the wisdom of Franklin would serve the BRIC paradigm best:

    “A Republic – if you can keep it.”

    • Frederick Reply

      June 30, 2015 at 1:42 am

      Technology has advanced to such a degree that continuing the “let’s fight may the best man win” model of resources management will lead to the demise of “humanity”.

      The Tiger has escaped it’s cage long since, and we are all menaced by that and have been increasingly as the decades roll on. But if we gently assure the tiger that he will be fed and cared for, then perhaps we can get him back into his cage. The Tiger is “government”, whatever it is named, wherever located.

      We are transitioning to a new model, the “You AND Me” power structure; finding solutions that will work for all.

      The emerging leaders who lead in that theme, and show they can produce results, will dominate the scene – the people will support them.

      Violent revolution is over now. Republics are mostly gone also, and so are the other forms of “government” essentially. Whatever name they go by, the governments are essentially somewhere on the stick with “total control” on one end, and “total anarchy” on the other. It is only a matter of degree amongst them.

      “Mutuality” is the order of the day if we wish to survive as a species, and the success of this transition requires that each of us give up the fight, and begin to embrace the simple truth that we are all in this together.

      It is reported that Gandhi once said, “Become the Change you wish to see.” If he never said that he should have, it is a brilliant piece of advice.

      The key to this is the individual who is willing to support that which “works”, and simply turns his back and walks away from that which does not.

  5. gdw Reply

    June 29, 2015 at 11:03 pm

    They dumped the League of Nations which only spawned an even bigger and obscenely more expensive threat to freedom (that is dependent on YOU to fund).

    YOO HOO! Imagine the savings if our country stopped funding the UN.

    Lagarde’s (IMF) salary is over $300,000 + per year PLUS tens of thousands in ‘stipends’. and she PAYS NO TAX.

    “most UN employees pay no tax”.

    The IMF and World Bank are UN agencies of now countless agencies, commissions and organizations, one big Trojan Horse and tool of a few dynastic families, sucking the wealth, sovereignty, freedoms and life out of the world.

    The IMF is nothing more than a world asset stripping debt collector for the western alliance globalist elites.

    Global taxation, a ‘one world’ currency and open borders are all part of the globalists plan to eliminate sovereignty of nations.

    10 nations that control the world’s gold – MarketWatch
    Oct 20, 2012 … The International Monetary Fund is the third-largest official holder of gold, with more than 2,814 tonnes.

    Where’s all that IMF gold coming from? (Ask NATO< Libya? Egypt? Tunisia? Ukraine? soon Syria?) And Germany can't get their's back?

    The IMF is getting fantastically rich, while the world is collapsing into poverty.

    The IMF is ANOTHER UN agency, it is not a 'nation', it has been deemed 'supranational sovereignty' (deemed by the UN's 'International Court of Justice' -yep, another UN agency). so the UN creates an agency to deem itself and it's other agencies supranational sovereignty over the world and makes it's own laws, decides it needn't pay any tax nor provide any revenues -sweet deal if your a UN employee.

    Why we need to immediately defund the UN:

    The UN Trojan horse is about globalists attacking our wallets, confiscating sovereign property, deeming 'world' law and 'world' regulation of our freedom, who do you think pays for the UN (that PAYS NO TAX)?

    Too many layers and layers of non-producing federal government and UN parasites in suits need evermore revenues for their opulent salaries, lifestyles and pensions. And most UN employees don't even pay any tax (some 'internal' tax …whoppee).

    … So, how many UN 'world' (foreign) pensioners are we funding with our taxes?

    Imagine how much extra money we would have if we defunded the world's behemothic tax parasites and redundant layers of government that are becoming more and more tax hungry and authoritarian towards it's citizens.

    The UN and all of it's huge organizations, commissions and agencies including the IMF and World Bank, generate no revenues, are not subject to the laws of any country it operates in, pays no tax, produce nothing, is dictating 'world' regulations, confiscating your wealth through taxation and backdoor taxation through complicit government agencies.

    Wikipedia the UN and see how BEHEMOTHIC it now is with all it's agencies, impotent peace keeping forces, organizations, commissions and each comes with their own building complexes, vehicles, uniforms, equipment, support complexes, staff, salaries, travel, security, food and energy expenses, conferences AND the now tens of thousands of UN retirees (mostly foreign) and their pensions, perks and benefits.

    YOO HOO, who do you think is paying for all of that?

    WAKE UP, maybe next time you look at your pay check or worry about your own pension.

    The UN is ramming 'Agenda 21' and 'Common Core' (which is now proselytizing Islam to our children, Google it) down the throats of the world, the UN's World Bank is complicit in forcing poor farmers off their own land in Africa and South America for corporate and endowment 'tree farm/carbon credit' investments, is deeming sovereign resources off limits, trying to further eliminate (citizen's only) the right to bear arms, our country’s sovereignty and our individual freedoms and now trying to force a 'world' climate? change tax and 'world' wealth tax on us AND under the guise of saving us from asteroids, the UN is trying co-opt the US space program, it's technology, resources and an on going effort to control the internet and MORE OF OUR TAXES.

    Notice the elimination of individual accountability? 'NATO' decided this or that, the 'UN' deemed this or that, and we must all comply regardless of our rights, freedoms and laws of OUR OWN COUNTRY. Any official that your taxes fund needs to be thrown out if they? support the UN. The working tax payer needs to be mobilized against funding the UN.

    We have to stop giving credibility and decision making powers to unelected foreign entities that we are forced taxed to fund while they supplant our own country’s laws and sovereignty and take control over our resources.

    Too many layers and layers of non-producing federal government and UN parasites in suits needing evermore revenues for their opulent salaries, lifestyles and ever growing pensions (and who are getting more and more authoritarian and predatory toward it's citizens).

    Time to defund and take away the UN’s ‘supranational sovereignty’, restitution of it's assets (starting with the IMF's gold hoard) claw back their pensions (taxes for foreigners) and kick them the hell out of our country.

  6. Frederick Reply

    June 30, 2015 at 1:53 am

    Well said. But I am not holding my breath. My grandfather and grandmother both hated the idea of the UN in 1945 when it emerged in California, and correctly said it would become a “problem child”.

    But there it still is.

    Here is a little secret of war, unknown except to those who have fought war, and lived to tell about it:

    “First you win, THEN you fight”.

    We have already “won”. So now, the fight ensues. (Don’t get hurt, and follow my rule for “survival”: “When in doubt, don’t!”

    Rick :^)

  7. Anonimo Reply

    June 30, 2015 at 10:28 am

    USA has a very important weight in UN with veto rights, but it could not control the UN, if not why Bush invaded Iraq without UN mandate? Or US had to violated UN resolution to destroy Lybia? IMF and World Bank are americans institutions and UN is not.

  8. Velvet Grable Reply

    July 2, 2015 at 6:06 pm

    The core of the issue is SELFISHNESS AND GREED. The American People are blind. The IMF and the World Bank are creations of the greed but the blind people don’t see the internal working of the machine.

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