54 votes

BRICS break away from Federal Reserve control.

Brazil, Russia, India, China and South Africa - on Thursday signed two pacts to spur trade in their local currencies and agreed on a joint working group to set up a development bank that will raise their economic weight globally.

http://economictimes.indiatimes.com/news/economy/policy/bric...

In other words, the Federal Reserve U.S. dollar will no longer be needed.

grant



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The rich are bailing out.

Today, those with FRNs will start dumping them to invest directly into BRICS. The U.S. is currently totally dependent upon China.
grant

No

The U.S. is totally dependent upon a digital "printing press".

Sick.

_________________________________

Freedom - Peace - Prosperity

Yep - the Fed is buying the debt

http://www.dailypaul.com/223494/wsj-fed-buying-61-percent-of...

BRICS have wised up - looking for them to gradually decrease their holdings of US debt so as not to cause a sudden collapse of their holdings.

The "Leadership"

of this country is setting us up!!! We need to take this country back for the American people.

This is what happen when people don't trust the dollar anymore.

The Federal Reserve Note is not long for this world.

Check out the Laissez-Faire Journal at LFJournal.com


"The State is a gang of thieves writ large." - Murray Rothbard

This is very bad for the U.S.

This is very bad for the U.S. -like I really had to say that. However, if their local currency is produced by a central Bank which is part of the Global Central Banking Cabal, then nothing really changes, except the U.S. crumbles; the NWO will not feel the effects of this. I believe that the only country on that list without a central bank controlled by the Cabal is China, however, since China will be the country to pick-up the slack when the U.S. collapses, it wouldn't be long until they also have a central bank controlled by the Cabal.

The only adverse effects this produces is that it accelerates the collapse of the U.S. dollar; which is very bad for us. This is probably why DHS has placed an order for 450 million .40 cal hollow point rounds.

I hope all my fellow DPers are prepared; if not, you better start with great haste, for you have not much time left.

Hmmm

I'm pretty sure that China's bank is owned and run by the cabal. If im not mistake N.Korea and Iran are the only two left. Before The start of the Millenium I think it was Iraq, Sudan, N.Korea, Iran, Afghanistan, Libya. I may be wrong on afew but the rule of thumb I think is safe to say - If we attack it, theres a good chance the Banking cabal benefits.

Blessed are the peacemakers

"This is very bad for the

"This is very bad for the U.S."

Its very bad for the US hegemony and dominance but its good for the American people in the long run. We might suffer if the dollar collapses but we and our children will suffer much much more if the US government is allowed to continue its slide into a police state. The only thing that can stop it is an economic disaster and I'd rather it happen to me than to your children (I don't have any children.)

Fuck the empire and police state, give us our republic back,

China's Cabal is older than the Western one...

Fear not China have their own Cabal, they will reassert themselves. Everyone wants power.

US Median Household Income vs. Fed Res Money Supply

Americans are getting poorer.

The link below shows a chart of the Federal Reserves Adjusted Money Supply from 1984 to 2011 vs. the US Household Income for Low, Median, Upper Middle Class. As you can see
the US income is falling fast against money supply, at all income classes.

Upper Middle Class income if keeping on track with Money Supply should be making around
$450K-$500K per year.

http://www.sprintmusic.com/images/_libertynews/419_Income_Su...

This basically means standard of living is falling and a real HUGE problem of inflation is knocking on the door.

"This isn't what the govern meant"

"Win the crowd and you will win your freedom"

Germany and Switzerland has

Germany and Switzerland has their gold stored at the federal reserve bank of new york and they are wanting it back in their own cental banks.

Ahem...

Better check that gold for tungsten rods

For which the Federal Reserve

For which the Federal Reserve will gladly print FRN in settlement. Under legal tender laws they need not return their gold.
grant

The elite's goal has been to move to a basket

of international currencies, google BANCORS, and away from the dollar, so I see this as continuing toward their agenda of one world currency, with IMF morphing into a World Bank. Keynes

http://www.thedailybell.com/2038/IMF-Plots-Role-as-Worlds-Ce...
We will state boldly that that the current aim of the Anglosphere elites (that control the IMF, World Bank, etc.) is to create one-world government with all its appropriate paraphernalia including a Parliament (UN) military (NATO) police force (Interpol) court-system ((ICC in the Hague)) and of course the necessary economic instruments including a single currency. Within this context, Geithner's advocacy of a global currency is not at all startling. He serves at the pleasure of the elites; he supports their platforms. In fact, the American government for decades has supported elite agendas and surely cannot be said to speak for the "people" anymore.

https://en.wikipedia.org/wiki/Bancor
"The bancor was a supranational currency that John Maynard Keynes and E. F. Schumacher[1] conceptualised in the years 1940-42 and which the United Kingdom proposed to introduce after the Second World War. This newly created supranational currency would then be used in international trade as a unit of account within a multilateral barter clearing system – the International Clearing Union – which would also have to be founded."

http://www.menwithfoilhats.com/2010/10/leading-global-banker...

RP R3VOLution

And BRICS also sides with Iran against US

Perhaps they don't want to go down with the ship when the US destroys the dollar with WWIII.

http://economictimes.indiatimes.com/news/economy/policy/brics-refuses-to-side-with-us-in-showdown-with-iran/articleshow/12448688.cms

John McCain wants to start WWIII.

John McCain: U.S. should bomb Syria
http://www.politico.com/news/stories/0312/73627.html

The dollar is history folks. Either make foreign investments while you still can or start a business to produce goods and services that are currently being purchased abroad in exchange for paper.
grant

I posted this on another

I posted this on another thread but its worth repeating:

If you're an American the only serious threat to your freedom is the government in Washington. Good for the BRICS nations, the sooner they break the dollar hegemony the closer we'll be to getting our freedom back. In fact I'd say that BRICS is the best hope of breaking the tyrannical US government's stranglehold on our lives and the lives of people all over the globe.

End the empire! Give us our republic back.

Australia, Japan and half of Africa too

Australia signed a currency swap deal with China just the other day.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/...

Japan signed a non USD trade deal in 2011.
Japan is remodelling it's armed forces to be less reliant on the US.

China is remodelling it's armed forces from quantity to quality to meet the challenges of a "more technologically advanced foe". Whoever can they mean?

Russia is building more infratstructure to direct more energy supplies towards China and away from Europe.

China and Russia getting out of UST's FAST.

Saw another article where a bunch of African countries are interested in following S Africa. (Doing non USD trade deals with China.)
After all China has already bought up their natural resources.

These are the major events in the world today. They are signals to major geo-political events.
Not a side show like Iran.
Yet Santorum is trying to whip the crowd into a frenzy, over a side show of a non existent threat.

The writing is on the wall, to anyone who cares to read.
Been blogging and tweeting about this for a while.

"In the end, more than they wanted freedom, they wanted security. They wanted a comfortable life, and they lost it all -- security, comfort, and freedom. When ... the freedom they wished for was freedom from responsibility, then Athens ceased to be free."

hmm

http://www.youtube.com/watch?v=lJHpHBYPTw0 well i did a video on this very subject and talk about the Federal Reserve.

Albert Camus — 'The only way to deal with an unfree world is to become so absolutely free that your very existence is an act of rebellion.'

SteveMT's picture

India: "BRICS is no longer begging to the former superpowers,.."

....for crumbs."
Brave New Bank? BRICS moot dropping dollar, IMF
RussiaToday

http://youtu.be/2vg9qvYwQHg

SteveMT's picture

They are waking up.

BRICS agree to local currency credits to ease dollar dependency
Published: 29 March, 2012, 14:56
The BRICS - Brazil, Russia, India, China and South Africa - have agreed to provide credit to each other in local currencies. Officials say the deal will facilitate economic growth in times of crisis.

­The currency swap deal is aimed at promoting trade and investment in local currencies as well as to cut transaction costs. It’s also seen as a step to replace the dollar as a reserve currency in trade between BRICS.[my emphasis]
http://rt.com/business/news/brics-currencies-credit-deal-755/

I remember those days and how bummed I'd be to realize

some sly merchant had slipped me a Canadian coin in my change because they were not spendable - it was a miserable "stuck" feeling :-)

"When the power of love overcomes the love of power, the world will know Peace." - Jimi Hendrix

Oh how sweet it would be to say I told you so

and rub it in the faces of all the Ron Paul haters.

bittersweet

It's great that these

It's great that these countries are looking for ways to bypass the federal reserve note, but in my opinion, they're forming another "eurozone", where one country may end up bailing out another....however, China and India are currently one of the biggest economies out there....for the time being it just might work.

Peter Schiff on BRICS and the demise of the US Fiat $

Brazil, Russia, China and South Africa leaders are meeting in India
for an annual BRICS summit. And one of the main topics on the agenda will be the shift from the US Dollar in mutual trade. Is this the beginning of the end for the buck almighty? To talk more about it Peter Schiff of the
Euro Pacific Capital joins RT's Liz Wahl.

http://youtu.be/3IpwyPlZUB8

Watch Peter today on CNN International at about 1:30 PM ET.

This goes along well with the news yesterday....

That the fed is buying 61% of our treasury debt. China, Japan and Saudia Arabia are not interested any longer. Where does the fed get the money to buy our debt? Smoke and mirrors and it can't be long now.....

http://www.moneynews.com/Headline/fed-debt-Treasury/2012/03/...

bric

After those countries have received trillions of dollars in American taxpayer aid they show their ingratitude daily.

I say to hell with all those countries and not a penny more for them.

Ie. Mao and Lenin and FDR must be enjoying this in hell.

donvino

Yes, end all foreign welfare.

Yes, end all foreign welfare. To be accurate though, while the U.S. government hands outs tens of billions in foreign welfare, no country has received close to a trillion dollars in foreign welfare.

However the fact the U.S. government hands out foreign welfare with strings attached does not somehow mean foreign nations cannot criticize the U.S. for its stupid actions. Saying that a handful of handouts with strings attached somehow gives a free pass to all the stupid and criminal activities the government does is irrational. It would be like saying gangs and mafia get a free pass for all its murders, graft, extortion, kidnapping, theft, human trafficking, and other crimes simply because they give away some money to charities, and anyone who squawks at their crimes is not showing “gratitude.”

But of course the U.S. government stupidity with its foreign welfare does not negate all its negative and offensive activities to other nations throughout the world (i.e. invasions, bombings, arming neighbors and adversaries, regime change, covert political and media operations, funding and arming foreign coups and uprisings including leftists and extremist Islamic groups as the U.S. is currently doing in Syria, propping up puppet dictators, drone invasions, one world mandates, economic strong-arming, stationing missiles and warships on foreign borders and on off foreign coasts, and on and on …).

So Mao and Lenin may be enjoying this, but not because foreign governments are rejecting U.S. central planned and controlled fiat currency, but rather because the U.S. on its own has adopted and is promoting such Maoist/Leninist central planned command and control monetary system.

The BRICS have their own self-interest at heart for rejecting U.S. fiat hegemony, but all Americans ought also to be rejecting such a system for their own interests as well – economic prosperity, preservation of Constitution. Just because it is the U.S. government promoting socialist, central planned and totalitarian control policies does not somehow make those policies good.

Let it not be said that we did nothing.-Ron Paul
Stand up for what you believe in, even if you stand alone.-Sophia Magdalena Scholl

Trillions

I would speculate that if all costs were added in ie. technology, labor, expertise, cash, resources, materials, military support, fuel, media, rent, food, etc. to all the countries on the receiving end since WWI it would easily supass a trillion dollars.

America has solely enhanced the standard of living for all peoples of the world exponentially and these costs are unmeasured. Yet, it has done quite a bit of damage but overall the world is a much, much, better place for the American experience and especially the American taxpayer.

I really doubt many of these countries would be willing to reciprocate if the tables were turned in some instance.

donvino