The National Forum   Donate   Your Account   On Line Opinion   Forum   Blogs   Polling   About   
The Forum - On Line Opinion's article discussion area



Syndicate
RSS/XML


RSS 2.0

Main Articles General

Sign In      Register

The Forum > General Discussion > Germany to join the BRICS Nations ?

Germany to join the BRICS Nations ?

  1. Pages:
  2. 1
  3. 2
  4. Page 3
  5. 4
  6. 5
  7. 6
  8. All
Oh wouldn't it be wonderful.

That would be the end of the second most corrupt organisation on earth, the EU. I'll bet many are praying for it.

We would have to have the navy out in force if it happened. Just imagine how many of the half million or so bureaucrats would be displaced.

There would be a whole new market for people smugglers in EU bureaucratic refugees looking for a public service to infect, & ours would be a prime target.

Then we could really get serious eliminating that most corrupt organisation, the UN. How many corrupt bureaucrats would that send out looking for a victim to infest.
Posted by Hasbeen, Saturday, 26 July 2014 10:12:24 PM
Find out more about this user Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
Ageed Hasbeen on the UN elimination. Nigel Farage of UKIP is almost as big as Labour. The EU is falling apart. Christine Lagarde recently hinted at the IMF having a role in a new world currency as an extension of special drawing rights. The IMF has no money or gold to back it with. Some are saying that China and Russia could have 40,000 tons of gold. So in this era of money printing,would sane Govts use the Yuan backed by gold or the IMF fiat counterfeit stuff?

This is why the Western Oligarchs want war with Russia and China. They are losing their power because of their own greed and have destroyed their own economies. When Putin stopped them going into Syria, this was the big game changer. Putin also knows that if they get their defence missile shield in the Ukraine this will threaten their security.I'm hearing Putin will soon move on the Ukraine and just take it.

We've always lived in dangerous times with these power hungry war mongers but this is probably the worst.
Posted by Arjay, Sunday, 27 July 2014 8:28:42 AM
Find out more about this user Visit this user's webpage Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
http://www.paulcraigroberts.org/2014/07/26/world-doomed-western-insouciance-paul-craig-roberts/
Posted by Arjay, Sunday, 27 July 2014 8:35:49 AM
Find out more about this user Visit this user's webpage Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
The EU is to Europe what Labor is to Australia but the Europeans have woken up. 50% of Australians are still waiting for the alarm to go off.
Posted by individual, Sunday, 27 July 2014 1:37:11 PM
Find out more about this user Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
Arjay, it's good to see that your enthusiasm for all things anti-American continues unabated. It makes enjoyable reading - of the laughing-out-loud sort, in fact.

As usual, this thread's chuckle is caused by the clear indications that you don't actually understand what you are writing about.

>>They already have two banks,CRA or Credit Reserve A/C and the BRICS Development Bank.<<

The BRICS grouping has recently established the New Development Bank, which is a sort of World Bank/IMF clone, with a capital target of $100bn ($10bn each now, another $10bn each later). It is denominated in US$, interestingly. To put it into some perspective, Westpac alone has a balance sheet more than five times the size of the NDB.

The "CRA" you talk about is not a Bank. It is a Contingent (not Credit) Reserve Account of another $100bn - also denominated in US$ - that is a pool of money teach country can dip into if they get into trouble. Here it is in full:

http://www.pbc.gov.cn/publish/english/955/2014/20140717154639176510565/20140717154639176510565_.html

It is in effect an inter-member stability fund. It has two instruments,one is designed to be used in response to actual short-term balance of payments pressures, the other to potential short-term balance of payments pressures.

The creation of the NDB is a good, wholesome and welcome development, and stands as legitimate competition to the activities of the World Bank and the IMF. However, it is only a rabidly one-eyed anti-West observer who could read into it anything more sinister than another potential source of loans for developing economies.

>>They want to back their currency with gold.<<

The NDB is a Bank, not a currency. And you may have noticed that there is no hint of either the Bank or the Contingent Reserve Account being backed by gold, or any other mineral for that matter.

As for Germany "joining the BRICS", why would they do that? It has absolutely nothing that they want or need, financially or politically.

And finally, t is worth pointing out that bilateral trade between the US and China reached close to $600bn last year.

Drop, meet ocean.
Posted by Pericles, Sunday, 27 July 2014 5:58:19 PM
Find out more about this user Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
Arjay "backed by gold"

Gold only has a value because people say it does.
Same with pieces of paper or digits in a bank computer record.

In reality, *nothing* has any "value".

Gold, paper, digits or anything else humans invent or use only has a value because we say it does.
Gold is no more valid a form of valuation than seashells.

I find all this pro-gold/anti-paper propaganda both amusing and sad.
Posted by Shockadelic, Sunday, 27 July 2014 6:07:04 PM
Find out more about this user Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
  1. Pages:
  2. 1
  3. 2
  4. Page 3
  5. 4
  6. 5
  7. 6
  8. All

About Us :: Search :: Discuss :: Feedback :: Legals :: Privacy