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Yellow Jacket Join Date: Oct 2011
Posts: 2,053
Liked: 925 times | ![]() As we know from John Perkins' excellent book "Confessions of an economic hitman", the World Bank is a primary tool for US government cronies to exploit developping countries (especially their natural ressources and labor force). They get them into huge unpayable debt, bring the country on the verge of collapse and then buy up everything for cents on the dollar. Now it seems that the BRICS (Brazil, Russia, India, China, South Africa) want to do this, too. They're discussing a "BRICS-bank" modelled after the World Bank. Quote :
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Golden Cockroach Join Date: Oct 2011 Location: In Scrooge McDuck's vault
Posts: 7,103
Liked: 2456 times | I've been all over this story since Monday or so: http://www.pmbug.com/forum/f13/tin-f....html#post5826
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Yellow Jacket Join Date: Oct 2011
Posts: 2,053
Liked: 925 times | ![]() ![]() |
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Golden Cockroach Join Date: Oct 2011 Location: In Scrooge McDuck's vault
Posts: 7,103
Liked: 2456 times | lol... no biggie. It's an important issue/story.
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![]() | #5 | |
Golden Cockroach Join Date: Oct 2011 Location: In Scrooge McDuck's vault
Posts: 7,103
Liked: 2456 times | Quote :
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![]() | #6 | |
Golden Cockroach Join Date: Oct 2011 Location: In Scrooge McDuck's vault
Posts: 7,103
Liked: 2456 times | Quote :
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![]() | #7 | |
Golden Cockroach Join Date: Oct 2011 Location: In Scrooge McDuck's vault
Posts: 7,103
Liked: 2456 times | Quote :
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![]() | #8 | |
Golden Cockroach Join Date: Oct 2011 Location: In Scrooge McDuck's vault
Posts: 7,103
Liked: 2456 times | Quote :
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![]() | #9 | |
Golden Cockroach Join Date: Oct 2011 Location: In Scrooge McDuck's vault
Posts: 7,103
Liked: 2456 times | BRICS bank has been approved: Quote :
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![]() | #10 |
Moderator ![]() Join Date: Oct 2011
Posts: 494
Liked: 280 times | I wonder what would happen to an American who started banking with the BRICS bank. Might be off limits from the beginning given the sanctions we are putting on Russia. Either way you would be on a list without a doubt! |
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Golden Cockroach Join Date: Oct 2011 Location: In Scrooge McDuck's vault
Posts: 7,103
Liked: 2456 times | Pretty sure this is a central banker's bank. Maybe a TBTF bank's bank too. It's not for the little people.
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![]() | #12 |
Moderator ![]() Join Date: Oct 2011
Posts: 494
Liked: 280 times | Ah, yes, that makes more sense. But I bet any central bank or TBTF bank that gets on that is going to be considered an adversary to the Fiat CaliFED. |
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Golden Cockroach Join Date: Oct 2011 Location: In Scrooge McDuck's vault
Posts: 7,103
Liked: 2456 times | Nice piece in the Telegraph explains the importance of the BRICs bank in easy to digest terms (a good recap of what's been posted in the vortex thread): Quote :
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