BATR April 3 2013
The International Monetary Fund is an extortion financier’s outfit for a gang of exploiter banksters. The colonists of global mercantilism operate on extending credit with strings attached and assets targeted for attachment. Poor and underdeveloped economies beg for roll over extensions of old debt in an endless circle of currency debasement and resource transfer. So why anyone would get excited over a competing banking house, seems to escape implications within the news publications.
The Global Post describes in the article, BRICS countries to form new development bank.
“The bank is intended to fund development and infrastructure projects in BRICS nations and elsewhere. First discussed a year ago, it has been described as an alternative to the IMF and World Bank for developing countries.
Although the plan is the biggest announcement to come out of a summit of BRICS leaders in Durban, South Africa, where they signed an accord today, details such as how much capital the bank will have, its structure and its location have yet to be worked out.”
Would this development bank become simply a Chinese dynasty investment structure based upon the weight of their financial leverage within the system? Or would the union of eager modernizing countries really be the future formula for economic growth and wealth? On the surface the positive foreign reserves and lower indebtedness seem to answer a resounding yes, but look a little deeper.