By JC Collins
The expectations of the BRICS Development Bank being in direct competition with the World Bank is the largest argument made to support the case of the overthrow of the banking cabal and the implementation of a multipolar world leading to chaos and a huge surge in the price of gold and silver.
It has been my contention all along that the division between east and west has been illusionary and that all countries and financial institutions are reading from the same script as written by the Bank for International Settlements.
The BIS is the centralized organization which sets and enforces all central banks policies for all central banks in the world. The governor for the People’s Bank of China is on the executive board of the BIS and has openly called for the implementation of a multilateral financial system structured around a supra-sovereign SDR.
Make no mistake about it, this is what will happen. Which is why the World Bank has offered its full support to the BRICS Development Bank and Russian Finance Minister Anton Siluanov referred to the BRICS Bank as a “mini-IMF”.
The structure of the multilateral system is becoming more visible and is starting to look exactly like what has been described in the SDR’s and the New Bretton Woods series. Economic zones will be determined and new alliances with currencies regrouping into regional currency baskets with the supra-sovereign SDR acting as the macro of the currency baskets.
And with all eyes now focused on the BRICS and its official announcement of the Development Bank and currency stabilization fund, it is time to introduce another economic partnership which hasn’t yet been widely discussed.
This partnership is called the Next Eleven, or N11.
N11 is considered to be the next BRICS and include the following countries:
Bangladesh , Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, Turkey, South Korea and Vietnam.
Within the micro N11 there is another partnership called MIKT. This macro partnership to the micro N11 consists of the following countries:
Mexico, Indonesia, South Korea and Turkey.
Together the MIKT countries make up 73% of the total GDP of the N11.
Most readers will quickly recognize that all the countries, including BRICS and N11 are all countries which are moving aggressively or subtly away from the US dollar. And yet, all the countries have central banks which are controlled by the Bank for International Settlements and are being supported by the so-called western financial institutions such as the World Bank and the International Monetary Fund.
The French bank BNP Paribas Corporate and Investment Bank along with BNP Paribas Asset Management have created an equities firm called EasyETF BNP Paribas. Easy ETF’s main purpose is to provide equity access to the markets of the N11 countries.
Of course BNP Paribas is the bank which America has attempted to charge with an absurd fine for doing business with Russia. As I’ve stated before these are only skirmishes along the road to the ultimate outcome of the multilateral system and SDR supra-sovereign currency.
Both groups of BRICS and N11 share the same purpose of balancing wealth around the world to ensure a true multilateral system is achieved. No new multilateral financial system can be effectively implemented if the majority of the wealth stays in the western world. The wealth most be balanced and shared but the people of the western world cannot awaken to the reality that the wealth they obtained on the backs of the undeveloped world will be willingly given back to the developing world. It must appear like the shift and transition happened as a natural flow of events and modernization.
The countries which make up the “opposing” organizations, BRICS and N11, were chosen for their macroeconomic stability, political maturity and openness with the rest of the world and each other.
America and its dollar funded war machine was used to establish central banks in all the countries of the world and now that that job has been completed America has become the problem and will be integrated into the larger socioeconomic world.
The fundamentals of base economics and the trending of financial data is no longer functioning on any level that is understood by analysis. But the world economy is not a ship lost as sea either. The chaos is orchestrated with masterful strokes and planning.
The BRICS Summit next week will offer some fantastic drama and ultimately the official announcement of the development bank and currency market stability fund. The currencies of all countries, including the Next Eleven, will benefit greatly from this stability fund and the New Exchange Rate System will begin to take shape. – JC