BRICS and the Bank for International Settlements
July 14, 2014
July 14, 2014
Convergence and the International Development System
By JC Collins
Let us finally put to the rest the conspiracy theory which stipulates that the BRICS countries are about to overthrow the international banking cabal or elite. Whether intended or not, those promoting this scenario are propagating the usage of one of the weapons of the weak, namely gossip, utilized by the organized elite in the form of conspiracy theories.
As was covered in the post What Are Conspiracy Theories, the method by which the small organized elite attempt to modify the social and economic practices of the larger disorganized masses is by usurping one of the so-called weapons of the disorganized masses and turn it against them for full socioeconomic manipulation and conditioning.
This of course distracts and causes further disorganization amongst the masses, so that the real machinations behind the evolution and transition of global institutions remains well hidden. Untold levels of energy and time are spent by the masses chasing after illusions and fallacies instead of understanding the true mechanics of global governance and how institutional systems collude and converge.
Most of these conspiracy sites and personalities can be easily manipulated by the same psyop tactics which they attempt to expose or are in fact utilizing themselves.
Just recently I purposefully tossed a fishing line at one such site, and with the usage of dramatic flare and purposeful emotional and intellectual targeting, they took the bait, and responded as expected.
So exposed were the underlying fallacies of their structured storyline that they even attempted a rebuttal by insinuating that the reason for my “attack” upon them was based on one of the misleading information distracters which I placed into the article, which was a subtly perceived inadequacy of experience and education.
Most readers found the tone of the article was out of place and character based on past interpretations of my writings. There was a specific reason for that – enflame and misdirect.
This particular site, of which there are many like it, clearly know nothing about the real mechanics of global governance and international development system transitions. If they did, their response would have consisted of more than an attempt to politely demean my staged emotional character. I’ve satisfied my curiosity that they are not a psyop but merely the propagators of a senseless conspiracy theory.
I’ve continuously stated that the source of my information is from the global institutions themselves and the full structure of what is being engineered can be discovered by simply taking the time to find and read this information, much of which is in the form of online PDF files.
One such file published by the Institute of Development Studies in March, 2014, is a perfect example of which I reference. It is loaded with information and evidence which both supports what I have been saying and proves the misdirection from conspiracy sites and personalities.
The IDS is a charity company registered in England and this specific report was funded by the UK government itself. The report, a part of a “Rising Powers in International Development” series, is titled as Evidence Report#58 and is subtitled The BRICS and the International Development System: Challenge and Convergence.
The report clearly states that the BRICS organization and associated summits, of which there is one this week, are the “broadening” of the global governance structure which was created and implemented after WW2. The BRICS Summits are, in essence, a new global governance “process”, focusing on both economics and security, with the intent of transitioning a once US dominated world into the multilateral framework of a polycentric global governance system.
From the report:
“In the absence of a total breakdown or climactic event in the international system (arguably the financial crisis came close to such a point), the problem of redesign of global governance in the twenty-first century can hardly be negotiated in a Congress of Vienna or a Versailles Treaty, or a San Francisco Conference or new Bretton Woods Agreement. While the significance of current developments in the global governance system should not be underestimated, evolutionary change rather than revolutionary institutional redesign is, at this point, the order of the day. The BRICS Summit, and the G20 processes have thus been constructed in a new informal space in the global arena, where in terms of both time and budgets, transaction costs in origination and operation have been kept very low. And neither the BRICS Summit Process nor the G20 are looking to create whole new institutional frameworks.”
The first obvious statement from that quote is that an “evolutionary change” is desired over “revolutionary institutional redesign”. So the BRICS will not be overthrowing the existing order, nor do they want too. As stated above, neither the BRICS or G20 are looking to “create whole new institutional frameworks”.
Again from the report:
“In terms of vision, the BRICS Summits are the only global process with an explicit objective to constitute a new global order in line with the massive change in economic weight that is coming in the next decade. The stated objective of the BRICS here is to ensure that this coming world order is inclusive and just, in line with historic South-South principles for a post-colonial world order, with the United Nations (UN) as the centre of systemic legitimacy.”
There is no denying a multilateral approach to consolidating the global financial architecture when the BRICS themselves are stating that they want a “new world order”, post colonial of course, structured around the United Nations for “systemic legitimacy”.
The massive changes in economic weight which is referenced is what we have been describing as the balancing of wealth around the world, between developed countries and developing countries.
The south-south reference is to DAC, or Development Assistance Committee, created post WW2 for the purpose of modernizing the former colonies of the UK, France, Portugal, and the Dutch. All 4 countries used a multilateral approach to establish financial support to modernize their former colonies.
So let’s pull back and look at the bigger picture here. After the creation of the Bretton Woods system, which made the US dollar the primary reserve currency of the world, there was started a cooperation of former reserve currency holders to finance the modernization of former colonies which were brutalized under their respective regimes. All the while the new reserve currency regime went about the world colonizing other countries and regions, presumably for the purpose of modernizing them, as that appears to be what in fact happened.
This whole process may be better understood by replacing the word “modernization” with the phrase “building central banks”. As that seems to be the intent of the international bankers since the 17th century.
More from the report:
“In the case of China, a major component of foreign policy is the New Model of Major Power Relations between China and the United States, the NMMPR, explicitly directed at ensuring that its growing global interests do not replicate previous historical experiences where rising powers have been associated with war, notably in both European and Asian theatres. China believes that a basic accord has been reached with the United States on this concept as the essential framework for their relationship, with three key elements: ‘no conflict or confrontation’; ‘mutual respect’, and ‘win-win cooperation’ (Wang Yi 2013).”
This quote doesn’t require much elaboration as it is fairly self-explanatory. Readers should either have butterflies in their stomachs at this point or be sitting back in their chairs waving their arms around like maniacs. This report was published in March, just 4 months ago, and was financed by the UK government as an accurate representation of the intent of the BRICS countries and the framework around the global transition to a multilateral and polycentric economic and security system.
The report is well worth the read and is loaded with other statements, like the following:
- BRICS members are fully committed to the G20 leadership process.
- BRICS Summit process is “integrated within a larger process of systemic change in global governance which will produce the desired convergence” (consolidation and centralization)
- BRICS endorse the G20 as the premier economic organization.
- BRICS, G20, United Nations, World Bank, etc.., all align on global governance issues.
- And the BRICS Contingency Reserve Agreement, or currency market stabilization fund, is only a “degree of independence” from the International Monetary Fund.
The statements of evidence and support for the engineering of a multilateral financial system are littered throughout the report.
The Bank for International Settlements controls and sets the priorities for the all the central banks in the world, of which every country now has one. The BRICS are still working underneath the mandates of the BIS, and as this report shows, there will be no true or purposeful break away from the international banking powers which have controlled the world for centuries.
From the beginning in the SDR’s and the New Bretton Woods series I have postulated that the Hegelian Dialectic of problem/reaction/solution would be used to facilitate the transition to the multilateral system. I stated how the sovereign debt crisis would be used as the problem component and civil unrest and geopolitical tension would be used as the reaction component, with the slow methodical implementation of the new system being presented as the solution.
This is exactly what has been happening, even to the point where the head of the BIS themselves are stating that a sovereign debt crisis could now threaten stability and lead to another financial crisis. Need there be more said at this point.
Nothing in this world will change until each one of us change that which is deficient inside of us. The difference between the small rent seeking elite and large disorganized masses is only illusionary as both groups, and the various socioeconomic levels pressed in between, are motivated by the same selfish desires.
The system will continue in a forever convergence and consolidation because that is what is happening inside man. Money printing, or debt based money creation, the externalization of our inner division, will never change until man decides to change. As such, the Bank for International Settlements and its methodologies will continue to dictate the course of humanity. – JC
Today at 7:52 am by Rocky
» utube 3/28/24 MM&C Iraqi Dinar - IQD Update - SWIFT - Purchasing Power - Urban Renaissance - Releas
Today at 7:51 am by Rocky
» Al-Mandalawi: Iraq is witnessing competition between major companies...and the House of Representati
Today at 7:49 am by Rocky
» The President of the Republic stresses the importance of the role of programmers in developing the w
Today at 7:46 am by Rocky
» The Minister of Industry and Minerals follows up on the technical and production performance of the
Today at 7:45 am by Rocky
» The Minister of Finance is following up on the field the progress of the newly implemented ASYCUDA s
Today at 7:44 am by Rocky
» Statistics: There are more than 15 million bank accounts in Iraq
Today at 7:42 am by Rocky
» Representative: One paragraph hinders the passage of a general amnesty within the House of Represent
Today at 7:37 am by Rocky
» Parliamentary Finance: “The draft federal budget law will be devoid of new job grades.”
Today at 7:36 am by Rocky
» Parliamentary action to resolve the fate of “food security contracts” in 15 governorates
Today at 7:35 am by Rocky
» 300 factories turned into "iron scrap" in Diyala
Today at 7:34 am by Rocky
» A deputy expects the dollar exchange rate to reach 140 Iraqi dinars
Today at 7:32 am by Rocky
» Al-Yasiri: The American administration is working hard to destroy the Iraqi economy
Today at 7:31 am by Rocky
» Infographic: The highest annual salaries of leaders of Arab countries
Today at 7:30 am by Rocky
» Communications announces that the electronic signature project has reached advanced stages
Today at 7:29 am by Rocky
» Parliamentary Integrity presents a file related to Kuwaiti violations of Iraqi oil
Today at 7:27 am by Rocky
» Parliamentary move to include amendments to Parliament’s internal regulations on the agenda (documen
Today at 7:25 am by Rocky
» The Iraqi President urges the Minister of Finance to expedite the payment of salaries to the Kurdist
Today at 7:23 am by Rocky
» Central Bank of Iraq sales exceeded $251 million at today’s auction
Today at 7:21 am by Rocky
» The Foreign Minister questions the "Iraqi resistance" attacks against Israel: the other side did not
Today at 7:20 am by Rocky
» The Minister of Labor announces progress in the electronic payment system
Today at 7:17 am by Rocky
» Interior Ministry: For the first time, we controlled the smuggling of petroleum derivatives by 98 pe
Today at 7:16 am by Rocky
» International companies offer offers to invest in the Dhi Qar marshes.. What distinguishes them?
Today at 7:15 am by Rocky
» “Tough” comments on interest rates raise the dollar globally
Today at 7:14 am by Rocky
» Iraq is the fifth largest oil supplier to South Korea in a month
Today at 7:12 am by Rocky
» Recovering more than 100 billion as a result of more than 200,000 employees on social welfare
Today at 7:11 am by Rocky
» The Sudanese consultant announces the completion of Baghdad Metro track designs
Today at 7:08 am by Rocky
» Al-Sudani stresses ending the problem of triple-shift schools
Today at 7:07 am by Rocky
» Iraq begins building two new tankers to transport petroleum products
Today at 7:06 am by Rocky
» Forming a council for “competition and preventing monopoly”
Today at 7:04 am by Rocky
» Features of an Iraqi-Turkish agreement regarding the status of the Kurdistan Workers’ Party
Today at 7:02 am by Rocky
» {Al-Buzrajiya} between the hammer of fraud and the power of the owners
Today at 7:01 am by Rocky
» Ministry of Oil: The gas sector is witnessing great development
Today at 6:59 am by Rocky
» An agreement with Britain in the field of securities
Today at 6:58 am by Rocky
» Discussions between Baghdad and Ankara to open a new port
Today at 6:57 am by Rocky
» Trade: About 11 million citizens updated their new card information
Today at 6:56 am by Rocky
» Electronic payment is sustainable growth
Today at 6:55 am by Rocky
» Experts: Iraq qualifies to be an important tourist country
Today at 6:54 am by Rocky
» Amending the Health Professions Law “robs” scientists of the central appointment 3 years after it wa
Today at 5:20 am by Rocky
» Is the “blessings package” that Erbil paid to the citizens of Kurdistan related to the elections?
Today at 5:19 am by Rocky
» Exceeded 5,000 projects.. Allocating 10 trillion dinars to support governorate reconstruction plans
Today at 5:18 am by Rocky
» “His need no longer exists.” Parliamentary Finance confirms the necessity of returning the retiremen
Today at 5:17 am by Rocky
» To communicate with the bases... 12 directives from Al-Sadr, including blocking numbers for non-gove
Today at 5:15 am by Rocky
» In an interview with "Baghdad Today"... an Iranian researcher reveals the importance of Haniyeh's vi
Today at 5:14 am by Rocky
» After it was 63 trillion in 2023... the 2024 budget deficit will rise to 80 trillion dinars
Today at 5:13 am by Rocky
» Parliament reveals the date of the first evaluation of the governors and determines the party respon
Today at 5:11 am by Rocky
» The President of the Republic informs Al-Araji and Al-Basri: Momentum must be mobilized to eliminate
Today at 5:10 am by Rocky
» Can the Federal Court sue others? A legal clarification of its response mechanism to abuse
Today at 5:09 am by Rocky
» Despite promises to soon stop burning gas.. What is the secret behind Iraq renewing the Iranian gas
Today at 5:07 am by Rocky
» Advisor to Al-Sudani: The dollar is on the way to further decline, and 70% of Iraqi traders have ent
Today at 5:06 am by Rocky
» Iraq exported more than 99 million barrels of oil last February
Today at 5:04 am by Rocky
» Barzani “gives good news” to Kurdistan employees: salaries, land, and loan exemptions
Today at 5:03 am by Rocky
» Alia Nassif: Nour Zuhair returned to the port of Umm Qasr to make deals.. An influential Shiite forc
Today at 5:02 am by Rocky
» The Prime Minister announces the movement of nearly 500 stalled projects
Today at 5:00 am by Rocky
» A government strategy to enhance investments.. Iraq is on the verge of a new era of economic develop
Today at 4:59 am by Rocky
» Ranging between 20% and 50%.. The Kurdistan government decides to reduce service fees, customs dutie
Today at 4:58 am by Rocky
» Al-Sudani: The reform approach in the security services is an integral part of reform in other secto
Today at 4:56 am by Rocky
» Everyone in Iraq wants the Sudanese visit to Washington to be successful, even the factions!
Today at 4:55 am by Rocky
» Sources and experts expect the agenda.. in his bag is the Baghdad dollar and the factions’ truce, bu
Today at 4:54 am by Rocky
» The decision to raise gasoline prices arouses the ire of drivers...a reminder of the large demonstra
Today at 4:53 am by Rocky
» Parliamentary services: 3 important hospitals in Baghdad will enter service at the end of the year
Today at 4:52 am by Rocky
» Iraq signs a contract to supply Iranian gas for a period of five years
Today at 4:50 am by Rocky
» Parliament adds a voting paragraph on amending the Penal Code to its agenda
Today at 4:49 am by Rocky
» His political advisor: We are not afraid of Sudanese entering the elections alone
Today at 4:48 am by Rocky
» Parliamentary services explain the reasons for the rise in real estate prices in Baghdad
Today at 4:46 am by Rocky
» Attia, criticizing the government's decisions: "The citizen's feathers will be ruffled without servi
Today at 4:45 am by Rocky
» Parliamentary Communications: Zain Iraq and Asiacell did not pay their debts
Today at 4:44 am by Rocky
» The Governor of Karbala announces the imminent establishment of the largest industrial city in the c
Today at 4:43 am by Rocky
» A government determination to end the issue of displaced persons in the middle of this year
Today at 4:42 am by Rocky
» Iraq buys gas from Kurdistan to generate electricity
Today at 4:41 am by Rocky
» Parliamentary signatures to include an amendment to the internal regulations to decide the choice of
Today at 4:40 am by Rocky
» In Basra.. a demonstration against foreign workers in Iraqi companies (video)
Today at 4:38 am by Rocky
» Al-Samarrai: Presidency of Parliament is an entitlement to the constituents, and calling it a “frame
Today at 4:36 am by Rocky
» Electronic food supplies in 6 governorates... covering 11 million Iraqis and “writing off” about 700
Today at 4:34 am by Rocky
» Corruption of the Ministry of Transport.. Representatives express their surprise at the minister’s s
Today at 4:32 am by Rocky
» The biggest supporter of the invasion of Iraq.. The death of former US Senator Joe Lieberman
Today at 4:31 am by Rocky
» Iraq is ranked “late.” A list of the most and least safe Arab countries for women
Today at 4:30 am by Rocky
» The Council of Ministers exempts the Gulf Interconnection Authority from guarantee fees: it is a gov
Yesterday at 7:48 am by Rocky
» The Iraqi government raises the size of the 2024 budget, and Parliament is “surprised”
Yesterday at 7:46 am by Rocky
» Popular Movement: We have many economic options away from American hegemony
Yesterday at 7:42 am by Rocky
» The Oil Parliament stresses the need to transfer part of the revenues to the producing governorates
Yesterday at 7:41 am by Rocky
» It will cover 14 regions in eastern Iraq.. A deputy reveals the “border electricity” project
Yesterday at 7:40 am by Rocky
» Experts Warn Mass Migration Threatens US Food Security
Yesterday at 7:37 am by Bama Diva
» Al-Fateh: America occupies Iraq through agreements
Yesterday at 7:37 am by Rocky
» Anger in Iraq over a "sudden decision"... and a reminder of a "general strike" that paralyzed the co
Yesterday at 7:34 am by Rocky
» Parliamentary Committee: Parliament is discussing today a decision that “disturbed” the Iraqis
Yesterday at 7:33 am by Rocky
» Ministry of Electricity: Our production will reach 27 thousand megawatts by May
Yesterday at 7:31 am by Rocky
» Diagnosing the “most important” problems in the oil file between Baghdad and Erbil.. What is the rel
Yesterday at 7:30 am by Rocky
» The Iraqi Fiqh Academy and the Sunni Endowment issue a fatwa to pay Zakat al-Fitr
Yesterday at 7:28 am by Rocky
» The National Bank of Iraq continues its digital transformation by launching its new banking system a
Yesterday at 7:26 am by Rocky
» Parliamentary Investment and the Central Bank are discussing the housing initiative
Yesterday at 7:25 am by Rocky
» The Prime Minister announces the restart of 500 suspended projects
Yesterday at 7:23 am by Rocky
» Al-Barti assesses the region's employees: Your salaries are insured and will be paid after resettlem
Yesterday at 7:21 am by Rocky
» Iraqi-American discussions in anticipation of the Sudanese visit
Yesterday at 7:20 am by Rocky
» Iraq and Turkey hold meetings in Ankara to discuss technical issues related to the development road
Yesterday at 7:17 am by Rocky
» A government parliamentary agreement to support budget revenues and governorate allocations for inve
Yesterday at 7:16 am by Rocky
» Oil: The gas sector is witnessing great development
Yesterday at 7:15 am by Rocky
» A Kurdish-French agreement to develop trade and economic relations
Yesterday at 7:13 am by Rocky
» Exchange companies in Mosul demand that they be entered into the currency selling window
Yesterday at 7:12 am by Rocky