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 5:17 am by Rocky
» utube 11/11/24 MM&C News Reporting-IRAQ-USA-Financial Inclusion up 48%-Money Inside & Out of Iraq
Today at 5:16 am by Rocky
» Al-Mandlawi to the UN envoy: The supreme authority diagnosed the problems and provided solutions for
Today at 5:15 am by Rocky
» Saleh: Government strategy to boost gold reserves as part of asset diversification
Today at 5:14 am by Rocky
» Prime Minister's advisor rules out oil price collapse: Trump's policy will not sacrifice petrodollar
Today at 5:09 am by Rocky
» Tripartite alliance between Iraq, Egypt and Jordan to boost maritime trade
Today at 5:06 am by Rocky
» Parliamentary Committee reveals date of entry into force of Personal Status Law
Today at 5:03 am by Rocky
» Al-Fatah warns against US blackmail and Trump's intentions for the next stage
Today at 5:02 am by Rocky
» A leader in the law: If the Americans do not leave on their own two feet, we will expel them in fune
Today at 5:00 am by Rocky
» MP: Next Sunday's session will witness the passing of "important laws"
Today at 4:59 am by Rocky
» There is a financial aspect.. Al-Zaidi rules out voting on the real estate law
Today at 4:57 am by Rocky
» "Promising" economic opportunities in central Iraq open doors to investment, trade and unemployment
Today at 4:55 am by Rocky
» Minister of Transport: Arab interest in the development road project
Today at 4:53 am by Rocky
» Bitcoin Fails to Maintain Its Meteoric Rise
Today at 4:51 am by Rocky
» Amending the retirement age on the parliament's table.. This is the latest that has been reached
Today at 4:50 am by Rocky
» Launching the Health Unit Initiative in Iraqi Schools
Today at 4:49 am by Rocky
» Will Iraq be the savior of the countries of the region if oil prices fall?
Today at 4:48 am by Rocky
» Regarding electrical energy.. Government moves to meet the needs of next summer
Today at 4:47 am by Rocky
» {Retirement age} sparks debate in parliament
Today at 4:46 am by Rocky
» Minister of Transport to {Sabah}: Arab interest in the development road project
Today at 4:45 am by Rocky
» Planning: Two important pre-census activities start today and tomorrow
Today at 4:43 am by Rocky
» Next week.. contracting with 2500 applicants on a {contract} basis
Today at 4:42 am by Rocky
» Service Effort: Opening 30 projects in agricultural areas next month
Today at 4:41 am by Rocky
» The House of Representatives issues a clarification regarding its tenders and official invitations
Today at 4:36 am by Rocky
» Issuance of (3000) new decisions for politically dismissed employees and non-employees
Today at 4:34 am by Rocky
» Al-Sudani discusses cooperation in the field of energy and development of the oil and gas sector wit
Today at 4:32 am by Rocky
» Trade: Transferring 400 billion dinars to pay farmers’ dues for the remaining wheat for the northern
Today at 4:31 am by Rocky
» Iranian Minister of Trade and Industry Injured During Trip to Kurdistan
Today at 4:29 am by Rocky
» Chairman of the Integrity Commission: Corruption negatively affects reconstruction and development a
Today at 4:28 am by Rocky
» Strengthening judicial cooperation on the table of Judge Zidane and his Turkish counterpart
Today at 4:26 am by Rocky
» Al-Sudani directs the Ministry of Oil to communicate with Shell to implement projects that serve Ira
Today at 4:25 am by Rocky
» One of them is "protocol".. A politician determines the extent of the difference between Al-Sudani's
Today at 4:24 am by Rocky
» Iraq confirms its keenness to support OPEC unity to ensure oil price stability
Today at 4:22 am by Rocky
» It may drop to 40%.. Al-Kanani warns of a sharp drop in oil and directs an urgent call to the govern
Today at 4:21 am by Rocky
» Distribution next week.. The region will receive nearly 533 billion dinars to finance its employees’
Today at 4:20 am by Rocky
» Iraq expresses interest in cooperating with major international oil companies
Today at 4:19 am by Rocky
» Criticism follows the performance of the Minister of Foreign Affairs in international positions.. Wi
Today at 4:18 am by Rocky
» Al-Mashhadani's election "embarrassed him"... Will Al-Sudani implement the ministerial reshuffle?
Today at 4:14 am by Rocky
» Will the "dollar crisis" topple the central bank governor?
Today at 4:11 am by Rocky
» The Oil and Gas Law Returns to the Forefront... Will Al-Sudani Be Able to Resolve the Disputes Over
Today at 4:09 am by Rocky
» Oil Licenses in Basra: An Environmental Disaster That Raises Cancer Rates and Suffocates the Populat
Today at 4:08 am by Rocky
» Iraq begins intensive campaign to deport illegal foreign workers and regulate the labor market
Today at 4:06 am by Rocky
» Government advisor explains Baghdad Metro project specifications and confirms its continuation witho
Today at 4:05 am by Rocky
» Al-Mashhadani to the 188 Alliance delegation: The best solution is to give people the freedom to cho
Today at 4:04 am by Rocky
» Parliamentarian: Ambassadors and representatives of foreign missions came to Parliament to prevent t
Today at 4:03 am by Rocky
» Al-Sudani's advisor reveals the reasons for the lack of gold in the government's reserves
Today at 4:02 am by Rocky
» New fortifications close the most dangerous border gaps between Iraq and Syria
Today at 4:01 am by Rocky
» "Baghdad breathes a sigh of relief" .. Closing of 144 illegal factories that emit toxins into the ai
Today at 4:00 am by Rocky
» Iraqi oil prices continue to decline amid global price decline
Today at 3:59 am by Rocky
» “The War of Leaks” Confuses the Political Scene... Blackmail or Expose of Corruption?
Today at 3:56 am by Rocky
» Government sends budget amendment to resolve differences with region
Today at 3:55 am by Rocky
» More than 800 “dual-job” employees work at Najaf Airport
Today at 3:54 am by Rocky
» Slight rise in dollar prices against the dinar in Iraqi stock exchanges
Today at 3:49 am by Rocky
» Where did the parliamentary discussions on the "retirement age" reach?
Today at 3:48 am by Rocky
» The region "mobilizes" for the first census in 37 years: It will increase the budget share and the n
Today at 3:47 am by Rocky
» "Thousands of them are suspended" .. Draft laws challenge the remainder of the life of the current p
Yesterday at 5:00 am by Rocky
» Population, oil and salaries...hot files in the meeting between Al-Sudani and Barzani
Yesterday at 4:56 am by Rocky
» Political attempts to obstruct it.. Personal Status Law on its way to legislation
Yesterday at 4:54 am by Rocky
» MP: Al-Sudani has reached the conviction of the necessity of removing some ministers
Yesterday at 4:53 am by Rocky
» Central Bank announces progress in dollar control procedures
Yesterday at 4:49 am by Rocky
» Baghdad.. Closing 144 informal metal smelting factories to reduce pollution
Yesterday at 4:47 am by Rocky
» Private Banks Association: Iraq to adopt advanced trade finance system by end of 2024
Yesterday at 4:46 am by Rocky
» Severe imprisonment for former Minister of Transport for deliberately violating his job duties
Yesterday at 4:44 am by Rocky
» 4 new pharmaceutical factories
Yesterday at 4:43 am by Rocky
» Iraq's move to attract $250 billion in investments welcomed
Yesterday at 4:40 am by Rocky
» Financial inclusion and banking restructuring
Yesterday at 4:39 am by Rocky
» Iraq records 4% economic growth, moves towards sustainable diversification
Yesterday at 4:38 am by Rocky
» Al-Sudani and Barzani discuss finding solutions to common issues "according to the constitution"
Yesterday at 4:33 am by Rocky
» Requesting Iraqi mediation.. US delegation arrives in Baghdad to follow up on the "hotline" with Teh
Yesterday at 4:32 am by Rocky
» Iraqi oil continues to decline for the third day in a row
Yesterday at 4:31 am by Rocky
» Population census in Iraq: social and political importance and a major challenge for the government
Yesterday at 4:30 am by Rocky
» Next Thursday.. the start of the first phase of the census
Yesterday at 4:28 am by Rocky
» 11 international companies compete to operate Faw Port
Yesterday at 4:27 am by Rocky
» Baghdad conveys Trump's message to Tehran: Stop proxy wars... and confirms removing the opposition f
Yesterday at 4:24 am by Rocky
» Iraq contracts to purchase defense systems and helicopters
Yesterday at 4:23 am by Rocky
» Has Al-Sudani's government succeeded in keeping the fire away from Iraq?
Yesterday at 4:22 am by Rocky
» Justice announces the Ministry of Finance’s approval to appoint contract employees in all judicial d
Yesterday at 4:20 am by Rocky
» Expert: Traders’ dealings with sanctioned markets trigger demand for dollars on the black market
Yesterday at 4:19 am by Rocky
» Anbar.. Al-Waleed District summarizes the completed and under-construction projects for the current
Yesterday at 4:17 am by Rocky
» A government delegation reviews the work stages and completion rates at Nasiriyah International Airp
Yesterday at 4:16 am by Rocky
» Al-Mashhadani to the Sovereignty Bloc delegation: The necessity of turning the page on differences b
Yesterday at 4:15 am by Rocky
» Al-Hasnawi: Iraq will benefit from green climate funds to improve the environment
Yesterday at 4:14 am by Rocky
» New decisions approved by the Council of Ministers during today's session
Yesterday at 4:12 am by Rocky
» The Chairman of the Trade Bank of Iraq reveals to Alsumaria the interest rate on loans
Yesterday at 4:10 am by Rocky
» The 10 cheapest countries to pay electricity and gas bills.. Where is Iraq?
Yesterday at 4:07 am by Rocky
» Al-Sudani and Nechirvan Barzani at one table in Erbil
Yesterday at 4:06 am by Rocky
» Here are the dollar prices in the Iraqi stock exchanges
Yesterday at 4:04 am by Rocky
» Parliamentary Committee Reveals to Alsumaria Latest Developments in Israeli Violation of Iraqi Airsp
Yesterday at 4:02 am by Rocky
» The largest of its kind in Iraq.. Launching a pioneering medical conference for professional develop
Yesterday at 4:01 am by Rocky
» A source explains the circumstances of transferring 75% of the Ministry of Interior’s civilian emplo
Yesterday at 3:59 am by Rocky
» Weapons are becoming more "loose" and the Interior Ministry is "politicizing"
Yesterday at 3:58 am by Rocky
» Government messages to citizens regarding the population census in Iraq
Yesterday at 3:56 am by Rocky
» What is Iraq's ranking in the Artificial Intelligence Index?
Yesterday at 3:54 am by Rocky
» utube 11/9/2 MM&C News Reporting-Sudani Art IV IMF-Port Faw Open-CBI Governor-No Room for Tw
Tue 12 Nov 2024, 7:08 am by Rocky
» Finance Committee discusses revenue enhancement and investment budget allocations with governors
Tue 12 Nov 2024, 7:06 am by Rocky
» His advisor: Al-Sudani's visit to Kurdistan focuses on these files
Tue 12 Nov 2024, 7:03 am by Rocky
» Al-Tamimi explains the importance of the real estate return law
Tue 12 Nov 2024, 7:02 am by Rocky
» MP: The administrative capital is a project under study and 2025 is the decision date
Tue 12 Nov 2024, 7:01 am by Rocky
» Parliamentary Planning: Al-Sudani's government has not achieved what it pledged in its program
Tue 12 Nov 2024, 6:59 am by Rocky