Posts Tagged 'Microfinace'

BRICS new bank.

Brasil, Россия, भारत, 中国 and South Africa are to create their own reserve/development bank.

It seems like many who oppose the domineering ‘western’ world hegemony, and want to see it end, will applaud this move which is said to pose a challenge to the IMF and World Bank (and probably make inroads into the realm of the Bank of International Settlements).

This isn’t a unique phenomenon. For example Russian military hardware often gets utterances of awe and beauty while instantly dismissing – in their expert opinion – the F-35 as junk. This even extends to the point where Russian women are held up as being more beautiful than western women.

What I’m saying here, is that when people who have thankfully managed to blow away the western smoke-screen of self-promotional guff, to see the awful reality underneath, then these people have a tendency to automatically jump into the opposing camp, even though really  it is just a parallel of what it is they hate.

There are many examples from many walks of life. You sometimes see it in Islam too. People whose hearts have switched on to Islam, get manipulated by some group that want’s to advance its own agenda and in the guise of ‘learning new information and/or new ways of thinking, can end up making these people trying to switch off other peoples hearts by killing them [I advise all new Muslims never to join one of these ‘groups’ – advise they are of course free to ignore].

Microfinance is the same. “Oh, those nasty nasty BIG banks. They are so mean denying loans (usury!) to the poor, hence keeping them poor. Hooray for Muhammad Yunus!” – Yeah great, envelop the poor in usury and charge them massive levels of interest.

It is a mental (political) bipolarism, and it seems detrimental to our own humanity; a version of “Four legs good, two legs bad“; heads I win tails you lose.

The way to oppose the filth that’s grabbed the planet by the gonads is not to fall for the good cop – bad cop routine.

So in my eyes, there is little to cheer about this new BRICS ban, which to quote the BBC says:

“One of the goals for the bank – whose creation has been discussed for some time – would be to increase the amount of money loaned to developing countries to help with infrastructure projects”

Hummm… lending (doubtlessly on interest) to developing countries to help with infrastructure projects. I’ve heard that method somewhere before.

 

BRICS report featured on ZeroHedge.

http://www.zerohedge.com/news/2014-07-15/brics-announce-100-billion-reserve-bypass-fed-developed-world-central-banks

 

 

 


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