Race Against Time As Bankers Circle

Building BRICS to counter policy of feudal degrowth

• War is a crisis that permits default, and perhaps that’s the plan

• Central bankers’ club, the BIS, is trying to ride the transition to a new system

• The ‘global south’ has one shot at independence - and so do we

• A question of credit: where will loans come from in a centralized digital ledger?

• If their proposed monetary system does not allow for credit…

• The globalists’ secret may be that they don’t expect growth but feudalism

Related:
War's Purpose Disguised: Bank Or Bust -Malaysia to joins BRICS, Saudi drops petrodollar, Russia to be 'decolonised' (Jun 20, 2024)
Eurasia note #40 - Gold Rouble vs. Central Bank Digital Currency - Russia's tolerance of The Great Reset is looking less likely by the day (Apr 03, 2022)
Eurasia note #63 – Europe Reels From Germany’s Impending Decline - New south-north axis for energy and political influence could reshape continent (Oct 29, 2022)
Eurasia note #37 - Agendas Align In Ukraine Smart city, basic income rolled out amid war; Russia targets bio lab concerns (Mar 28, 2022)
China Touts Peace As West's Monetary Woes Tempt War Hawks - Saudi-Iran entente threatens petrodollar, reshapes politics far beyond Mid East (Mar 14, 2023)

See also:
Bankers Prance To War And Slavery, Pt 1: 'If there must be trouble, let it be in my day' (Dec 4, 2021)
Bankers Prance To War, Pt 2: Enter high-steppin' Alexander Hamilton, Globalist hero (Dec 8, 2021)

(2,000 words or about 10 minutes of your company.)

A quick word…

When the Nord Stream pipeline was blown up in September 2022, I pointed to Gaza’s Levantine gas fields as the likely beneficiary. Who could guess that conflict would put it in play a year later.

You read it here first, so please…

Can BRICS withstand the Bank for International Settlements?

Oct 11, 2024

Who knows which are the good guys? But ye olde central banking families are planning to segue into a new monetary system and it won’t be pretty.

Russia will hold the BRICS Summit in Kazan from October 22 to 24, which people are watching closely for the roll-out of a new currency solution.

There is understandable excitement in the Bitcoin world and the crucial word is decentralized.

Before going overboard, note that Russia insists the event is about more than currency. The informal alliance is proceeding along three tracks: security; politics; and finance and trade. There’s also talk of fighting terrorists and Western Woke.

These parallel tracks illustrate that the BRICS is a response to the instability that is coming from within the dollar system. This is not simply a monetary realignment. While the mainstream media patters on about lifestyles and first world problems — and the alt media insists all the world’s leaders are “in this together” — there is an element of truth: the realignment will affect living standards, of all people, everywhere.

This is why we should care that the BRICS is seeking a rival payments system, along with the institutions to manage foreign exchange trades.

Need my dough

Six years ago China began buying oil in yuan. The problem for the seller is they may end up with reais, roubles, rupees, remnimbi or rand they don't need. The answer could be a basket of currencies and gold.

One proposal is The UNIT, linked to gold (40 per cent) with the rest comprising the currency of participating nations.

It is not strictly a BRICS proposal though it has the backing of the entrepreneurs on the BRICS Business Council. The white paper by Alexey Subbotin and Ji Luo of The Unit Foundation is an answer to the weaponising of the dollar. It claims to block the many ways in which Western banks can interfere with global trade and capital flows: payment systems, clearing, custody, interest rates, etc.

The impending arrival of Central Bank Digital Currency makes the need for resilience more urgent. [1]

The unit (currencies are lower case - Ed.) would operate at the interbank level to clear trades between individuals and countries. It would be exchangeable for bullion at the Shanghai Gold Exchange.

Retail and individual transactions would take place across BRICS Pay, a substitute for the SWIFT system from which Russia has been excluded. The digital payments platform that is being developed jointly by the member countries, though it might work with others. [2]

This would have a particular cost saving when countries on both sides of a transaction are sanctioned by the Western banking system. NAFO types should keep reading. This is not Cold War constipation about East vs West.

The institutional arm is provided by the New Development Bank, which is a proto World Bank.

The difference with the World Bank and its enforcement arm, the International Monetary Fund, is that the unit would not be controlled centrally — but built on an evolving symmetry which would allow new members to join without disturbing the system.

The money power

A reader asks: "If the USD goes down simply because other countries want to trade in another asset, then the USD is not very strong..."

That gets to the key issue.

You can approach the money system from any number of perspectives but one is that "the money power" stands above and independent of the U.S. dollar.

Just as they toppled the pound sterling as the world's trading currency, and raised up the dollar, so they can take it down. How they do that while preserving their wealth is the issue.

Those who say the dollar isn't going anywhere ignore the point that dominant currencies have a lifespan: the U.S. dollar has lasted 103 years. The British pound was dominant for the 105 years that Britannia ruled the waves; prior to that the French livre lasted 95 years, the Dutch guilder most of the 17th century, about 80 years. Spain with its real holds the record from 1530 to 1640, about 110 years.

Many reasons are given for a currency fading, such as war and default, loss of faith in its ability to store value or to serve as a medium of exchange, but there is also the problem that “compound interest... is incompatible with a stationary economy.” Many Western countries are in a debt trap as politicians spend money far beyond the capacity of economies to grow. [3]

On the flip side, is the question of where the credit comes from to grow an economy in a Bitcoin-based monetary system.

Necessary feudalism

It is possible that Russia and China will opt for something simpler than Bitcoin system, but they have no choice but to pull something out of the hat. The existing dollar system is unstable while the central banks behind the dollar are preparing a central bank digital currency that they — I dub them Rockefeller, Rothschild & Rex — will control.

The thought occurs that R, R & R have proposed their Great Reset/ Build Back Better/ 4th Industrial Revolution which aligns with the Green policies of deindustrialisation and degrowth because they know their proposed monetary system does not allow for credit.

They don't actually desire a new normal of stasis but, by locking down society into a digital ledger in order to preserve their wealth and status, they are left with no choice but a return to feudalism.

We are in the inherited money stage of empire, which can only consume — for it cannot create. It is terrified of losing wealth and position because it knows it cannot reacquire it, in the pithy summation of Tucker Carlson.

Artificial intelligence, cybernetic control of society, with its Cloud and data centres, electronic currency, telemedicine, computing of DNA, allocation and rationing down to the level of personal bodily movement and privacy, depends on the consumption of energy not its production.

Old Stones And Hidden Frameworks - Globalists don't like you to see the superstructure (Jul 26, 2024)

The new monetary system is a war that involves everyone who is not fit for life as a slave.