Globalist Agenda Watch 2015: Update 17B – Debunking the phony “BRICS Bank versus World Bank/IMF” conflict

Observe the “Good East vs. Bad West” dialectic propaganda surrounding the New Development Bank (the NDB / “BRICS Bank”)…

As this RT article demonstrates, both Western and Eastern mainstream and alternative media sources are attempting to sell us the idea that the NDB is being developed as an alternative to the UN’s World Bank and IMF, and that it is part of the larger conflict between East and West. But as I’ve gone to great pains to document in my NWO section, this conflict is phony and is being staged as a public relations maneuver to get the public to accept the New World Order.

Beyond this made-for-public-consumption pabulum surrounding the establishment of the New Development Bank, though, is the reality being discussed in the globalists’ own policy papers. And that reality is that the NDB is just another plug-and-play addition to the constellation of multilateral international institutions that constitute the Rockefeller-planned NWO. To show you this is so, allow me to take you on a guided tour of this March 2014 document from the United Nations Conference on Trade and Development

As the title indicates, this paper enthusiastically supports the establishment of the NDB despite the fact that it comes from the United Nations (of which the World Bank and the IMF are components). In fact, if we look to the paper’s table of contents…
…we see how it talks about the NDB filling gaps in the globalists’ “southern financial architecture” and providing investment for “infrastructure and more sustainable development needs in the emerging and developing countries.” It also talks about how the NDB will link-in with other multilateral, regional, and national development banks (the financial side of the NWO).

If there were an actual conflict between the BRICS and the “Western-led” (as RT puts it) financial institutions, you’d expect a UN paper to whine about the NDB, not promote it. Isn’t that so? They would be complaining about the “divisive agenda” of the NDB instead of talking about how well it will fit in. Obviously, there is no real conflict; there is only the illusion of conflict being propagated in the media.

Proceeding to the paper’s abstract on page 1…
…we see that it talks about how the NDB will play a “complementary role” (NOT a conflicting role) with existing development banks. And it mentions the NDB’s “importance for enhancing the influence of BRICS and other developing countries in the international development architecture.” In unspun words, forming the NDB is an important step in drawing the developing countries into the globalists’ multilateral spider web.

Let’s continue into the introduction on page 1…

This passage reiterates that the NDB will be “a complement, not a substitute, for existing financial institutions” and that it will supposedly help give the developing nations a “voice” (by bringing them into the NWO system where they can moan under the weight of brand new debt). It also offers the globalist rationale for creating the NDB…

On the one hand, you have developing countries like China who have lots of extra cash, and on the other, you have other developing countries which are short on cash. The NDB brings those two hands together within a multilateral framework. The multilateral framework ensures that all nations involved cede key aspects of their national economic sovereignty to the supranational institution. Whether a nation joins a supranational development bank or merely borrows from one, there are rules that must be followed, and those rules tie the hands of the national governments.

As to the broader strategy behind the globalists’ creation of the NDB, the fact that it will appear to be “BRICS-owned” makes it easier for governments to justify going into debt. A population that might be resistant to their government borrowing money from “Western imperialist” institutions like the World Bank or IMF might be less hesitant about borrowing from the BRICS “freedom fighters.” Their government can say, “We’re borrowing this money from the good guys, not the bad guys, so we don’t have to worry.” Since all these international institutions are run by the Occulted Powers from behind the scenes, though, they will still be borrowing from the same people. Instead of borrowing from the globalist left hand, they’ll be borrowing from the globalist right hand. It will be no different than what has gone on before.

Going into page 2…
…we see that the “Western-led” UN complex finds the creation of the NDB “very welcome.” And we see the BRICS leaders also stating that the NDB is intended “to supplement the existing efforts of multilateral and regional financial institutions for global growth and development.”


Going on to Section II, “EXISTING GAPS IN THE SOUTHERN FINANCIAL ARCHITECTURE,” the paper identifies two needs vis-a-vis the southern financial architecture:

1) the need for money to fund “more sustainable” development (think Agenda 21), and
2) the need for a pool of cash to draw upon during times of crisis.

It then establishes the need for the pool of cash based on negative effects Federal Reserve monetary policy has had on the developing nations, and it points to a previous, similar effort to provide such a pool, the Chang Mai Initiative

“The Chiang Mai Initiative (CMI) is a multilateral currency swap arrangement among the ten members of the Association of Southeast Asian Nations (ASEAN), the People’s Republic of China (including Hong Kong), Japan, and South Korea. It draws from a foreign exchange reserves pool worth US$120 billion and was launched on 24 March 2010. That pool has been expanded to $240 billion in 2012.

The initiative began as a series of bilateral swap arrangements after the ASEAN Plus Three countries met on 6 May 2000 in Chiang Mai, Thailand, at an annual meeting of the Asian Development Bank. After 1997 Asian Financial Crisis, member countries started this initiative to manage regional short-term liquidity problems and to facilitate the work of other international financial arrangements and organisations like International Monetary Fund.”

If we look back at the Asian Financial Crisis, we see evidence that the globalists instigated it

“The foreign ministers of the 10 ASEAN countries believed that the well co-ordinated manipulation of their currencies was a deliberate attempt to destabilize the ASEAN economies. Former Malaysian Prime Minister Mahathir Mohamad accused George Soros of ruining Malaysia’s economy with “massive currency speculation”. Soros claims to have been a buyer of the ringgit during its fall, having sold it short in 1997.”

…and then used it to pull the Asian nations into a multilateral framework with the Chiang Mai Initiative…
…Problem / reaction / solution strikes again.

Continuing on with Section II, the paper points out that the “Chiang Mai Initiative Multilateralization (CMIM)” has a provision that requires the member nations to seek IMF approval if they wish to access the majority of the available funds, and it goes on to explain that the BRICS Bank’s Contingent Reserve Agreement (the BRICS version of the “pool of cash”) would have the benefit of not requiring such approval. This raises an obvious question: why would a UN paper be lauding such a feature?

The answer, of course, is that such an arrangement is necessary in order to carry out the globalists’ “governance reform” script. When the next “Lehman Shock” is triggered, the BRICS will be able to stand on their own feet and weather the storm while the West and the IMF flounder. This will put them in position to step up and “save” the West and the IMF in exchange for “reforms.” In this way, the NWO will rise like a phoenix from the ashes of the next Lehman.

[Like all globalist policy documents, this one is written in insufferably dull “Technocratese,” so I know most people won’t go to the trouble of plodding through the whole thing. I’ll therefore cover the rest of the paper’s salient points in additions I’ll make to this entry over the next day or two. As I add each module, I’ll change the title of this entry to “Update 17B, 17C, etc.” until it is complete. You’ll know it’s finished when I drop the letter and title it simply “Update 17.”]

For the previous updates in this series, click here.

With love…