BRICS Announce $100 Billion Reserve To Bypass Fed, Developed World Central Banks

[Serpo]

As we suggested last night (http://www.zerohedge.com/news/2014-07-14/anti-dollar-alliance-prepares-launch-brics-bank), the anti-dollar alliance among the BRICS has successfully created a so-called "mini-IMF" since the BRICS are clearly furious with the IMF as it stands currently: this is what the world's developing nations just said on this topic "We remain disappointed and seriously concerned with the current non-implementation of the 2010 International Monetary Fund (IMF) reforms, which negatively impacts on the IMF’s legitimacy, credibility and effectiveness."
As Putin explains, this is part of "a system of measures that would help prevent the harassment of countries that do not agree with some foreign policy decisions made by the United States and their allies." Initial capital for the BRICS Bank will be $50 Billion - paid in equal share among the 5 members (with a contingent reserve up to $100 Billion) and will see India as the first President. The BRICS Bank will be based in Shanghai and chaired by Russia. Simply put, as Sovereign Man's Simon Black warns, "when you see this happen, you’ll know it’s game over for the dollar.... I give it 2-3 years."


BRICS MINISTERS SIGN DEVELOPMENT BANK AGREEMENT
INITIAL SUBSCRIBED CAPITAL OF BRICS BANK IS $50 BLN: STATEMENT

A quick take on existing monetary policy.


MONETARY POLICY MUST BE CAREFULLY CALIBRATED: BRICS STATEMENT

The punchline, however, is that using bilateral swaps, the BRICS are effectively disintermediating themselves from a Fed and other "developed world" central-bank dominated world and will provide their own funding.



We are pleased to announce the signing of the Treaty for the establishment of the BRICS Contingent Reserve Arrangement (CRA) with an initial size of US$ 100 billion. This arrangement will have a positive precautionary effect, help countries forestall short-term liquidity pressures, promote further BRICS cooperation, strengthen the global financial safety net and complement existing international arrangements.... The Agreement is a framework for the provision of liquidity through currency swaps in response to actual or potential short-term balance of payments pressures.
Incidentally, the role of the dollar in such a world is, well, nil.
For those who have forgotten who the BRICS are, aside from a droll acronym by a former Goldman banker, here is a reminder of the countries that make up 3 billion in population.
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/07/20140715_brics_0.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/07/20140715_brics.jpg)
Key excerpts from the Full statement (http://brics6.itamaraty.gov.br/media2/press-releases):



We remain disappointed and seriously concerned with the current non-implementation of the 2010 International Monetary Fund (IMF) reforms, which negatively impacts on the IMF’s legitimacy, credibility and effectiveness. The IMF reform process is based on high-level commitments, which already strengthened the Fund's resources and must also lead to the modernization of its governance structure so as to better reflect the increasing weight of EMDCs in the world economy. The Fund must remain a quota-based institution. We call on the membership of the IMF to find ways to implement the 14th General Review of Quotas without further delay. We reiterate our call on the IMF to develop options to move ahead with its reform process, with a view to ensuring increased voice and representation of EMDCs, in case the 2010 reforms are not entered into force by the end of the year. We also call on the membership of the IMF to reach a final agreement on a new quota formula together with the 15th General Review of Quotas so as not to further jeopardize the postponed deadline of January 2015.

BRICS, as well as other EMDCs, continue to face significant financing constraints to address infrastructure gaps and sustainable development needs. With this in mind, we are pleased to announce the signing of the Agreement establishing the New Development Bank (NDB), with the purpose of mobilizing resources for infrastructure and sustainable development projects in BRICS and other emerging and developing economies. We appreciate the work undertaken by our Finance Ministers. Based on sound banking principles, the NDB will strengthen the cooperation among our countries and will supplement the efforts of multilateral and regional financial institutions for global development, thus contributing to our collective commitments for achieving the goal of strong, sustainable and balanced growth.

The Bank shall have an initial authorized capital of US$ 100 billion. The initial subscribed capital shall be of US$ 50 billion, equally shared among founding members. The first chair of the Board of Governors shall be from Russia. The first chair of the Board of Directors shall be from Brazil. The first President of the Bank shall be from India. The headquarters of the Bank shall be located in Shanghai. The New Development Bank Africa Regional Center shall be established in South Africa concurrently with the headquarters. We direct our Finance Ministers to work out the modalities for its operationalization.

We are pleased to announce the signing of the Treaty for the establishment of the BRICS Contingent Reserve Arrangement (CRA) with an initial size of US$ 100 billion. This arrangement will have a positive precautionary effect, help countries forestall short-term liquidity pressures, promote further BRICS cooperation, strengthen the global financial safety net and complement existing international arrangements. We appreciate the work undertaken by our Finance Ministers and Central Bank Governors. The Agreement is a framework for the provision of liquidity through currency swaps in response to actual or potential short-term balance of payments pressures.
Goodbye visions of an SDR-world currency. As for the USD...
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/07/burning-dollar.jpg
http://www.zerohedge.com/news/2014-07-15/brics-announce-100-billion-reserve-bypass-fed-developed-world-central-banks

[Neuro]

Strange way of making the USD irrelevant, by creating a bank that uses USD as foundation equity...

[Uncle Salty]

Strange way of making the USD irrelevant, by creating a bank that uses USD as foundation equity...

Don't be fooled by that. It is all about creating a trading platform that does not use US dollars. Those US dollars just sit there while they trade in Yuan, rubles, etc...

[osoab]

So by leveraging at 90 to 1, they have 9 trillion to play with? That is a lot of F-35's.

[Cebu_4_2]

So by leveraging at 90 to 1, they have 9 trillion to play with? That is a lot of F-35's.

Are they using fed leveraging ideals?

[Hypertiger]

In the stock markets the master tells all the slaves to buy when the master is selling and all the slave to sell when the master is buying.

The BRICS are not fighting to break free.

In 1944 the bretton woods global trade agreement made the USA the supply of inflation to the world and the rest of the world the demand.

How do you think all the silver and gold was sucked out of the USA....in 1964 and 1971?

In 2008 the USA reached maximum potential...the demand for inflation became greater than the supply...and the supply of inflation from the USA collapsed.

The BRICS are being cut off...

Why do you think the global economy is imploding?

Lack of inflation.
.

[old steel]

There is inflation in land and housing still, at least in major markets and of course, food.

Last week i bought 4 strip loin steaks for $20.00(which used to be the regular price) on sale at Superstore.

This week the same 4 steaks will run you $40.00 which is the new regular price.

[osoab]

Are they using fed leveraging ideals?

I guess we are talking China. That number could be bumped up anywhere from 100-500 to one.

[osoab]

There is inflation in land and housing still, at least in major markets and of course, food.

Last week i bought 4 strip loin steaks for $20.00(which used to be the regular price) on sale at Superstore.

This week the same 4 steaks will run you $40.00 which is the new regular price.

It's not inflation. It's devaluation, debasement.

[old steel]

It's not inflation. It's devaluation, debasement.

Yes, i see your point but doesn't this perfectly describe monetary inflation?

[Hypertiger]

Debasement occurs by lending money out to rent.

Sorry kids...when the demand by gold from the gold mines becomes greater than the supply from the gold mines.

There ie no way to pay the rent.

All that circulates is owned by the top or master and is lent to the bottom or slaves which rent what the master owns.

The cost to pay the rent is hidden in the prices of everything.

You see prices rising right? That is because the demand by the population of the USA for yield from the population of the USA is greater than the supply of yield from the population of the USA to the population of the USA.

You all along with everyone in the global system are yield starved...and you all are cannibalizing yourselves trying to satisfy your hunger.

The virtuous circle of inflation or the explosion up to absolute 1 is polarity shifting into the vicious cycle of deflation or implosion down to absolute 0.

That is what happened in 2008...the lie believed to be truth or the bretton woods global trade agreement reached maximum potential and is collapsing.

Lies take more power than they give from truth attempting to become truth.

When a lie masquerading as truth reached the point where they require truth to sustain their continued existence.

They are revealed as lies....they collapse to oblivion.

The is the positive or belief phase of a lie masquerading as truth followed by the negative or revelation phase of lie believed to be truth.

1941 to 2008...December 7 1941 to September 15 2008 when the controlled demolition of Lehman's happened.

Was 66.6 years roughly...or 66 years 9 months 1week and 1 day.

911

That was the inflationary...or global warming period...than turned into the climate change of fall...on the way to the global cooling of deflation

[Hypertiger]

Satan takes more power than Satan gives from GOD trying to become GOD.

When Satan masquerading as GOD reaches the point where Satan has to defeat GOD in order to become GOD and obtain absolute power over all and everything.

Satan demands YES or what Satan wants or victory...positive yield or bliss.

GOD supplies NO or what Satan needs or defeat...negative yield or misery.

Its one of the unsolved mysteries of physics...why there is more matter than antimatter.

Because at the simplest level...the battle between something and nothing that wants to become something...

Something or life always wins and nothing or death always loses.

Knowledge always wins and ignorance always loses.

If death won...the Universe would not even exist.

[Horn]

Usury physics are easily defeated by tallysticks in local gears, 007 goldeneye orbital satellites another story.

[osoab]

Yes, i see your point but doesn't this perfectly describe monetary inflation?

To me, the term inflation infers greedy businesses are hiking prices to gain more profit. I assume that the current teevee bobble heads are still spouting this line of thought. They were prior to my unplugging of the teevee. A vast majority of our current "inflation" (last 15 years) is not really a supply/demand issue.

I am not saying that all increase in prices is not a supply/demand construct. Current beef prices would be in the supply/demand area I will admit.

Using "devaluation", the root of the problem is put squarely on those that caused the monetary debasement, central banks and government.


Inflation (http://webstersdictionary1828.com/Home?word=Inflation)


INFLA'TION, noun [Latin inflatio.] The act of inflating.

1. The state of being distended with air injected or inhaled.
2. The state of being puffed up, as with vanity.
3. Conceit (http://webstersdictionary1828.com/Home?word=Conceit).



Read up on conceit.

Debasement (http://webstersdictionary1828.com/Home?word=Debasement)


DEBA'SEMENT, noun The act of debasing; degradation; reduction of purity, fineness, quality or value; adulteration; a state of being debased; as debasement of character, of our faculties, of the coin, of style, etc.

[mick silver]

I didn't see this posted an I posted this also mods can move are add it to one ... the one I did

[Hypertiger]

"Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."--John Maynard Keynes

The currency of a society is it's people and they have been debauching themselves for decades an decades now.

Money is an effect...people are the cause.

Not the other way around.

The worship of ignorance as bliss.

or ignorance as knowledge.

Has lead to the creation out of thin air, and preservation for as long as possible, and destruction back into thin air of every society on the planet everywhere on the planet.

If computers told you when you were going to die when you logged on...you would not believe it...until of course people that told you when they were told they were going to die...died.

Then you would stop logging on and then search for a way to forget in the remaining time you had left.

That is why science is never going to find a solution to the problem they are searching for a solution to...because they are searching for something they never want to find.

The one problem that rules them all is fixed by the one solution that solves them all.

But truth is the most feared and hated thing in the universe...

People run in fear from Truth in to the loving embrace of lies believed to be Truth...Until or unless there is nowhere left to run and then they fight Truth to the death with lies believed to be Truth and are annihilated.

Truth needs to supply power to the demand for power by the paradox or lie that wants to become Truth and never die.

Lies take more power than they give to sustain their existence as Truth.

Like a bridge over troubled water

they are temporary prosperities...variables.

As soon as you try to turn them into constants

Or permanent prosperities...Your defeat is certain an inevitable.

because a lie that is masquerading as Truth eventually reached the point where the lie requires truth to sustain it's continued existence as Truth

and in order for Satan to become GOD

Satan has to defeat GOD in order to obtain absolute power over all an everything.

at that point Satan demands GOD for victory or YES...or what Satan wants most of all.

But GOD only supplies what is needed...not what is wanted...and the demand for YES is supplied with NO.

It is what all the physicists are doing at CERN.

It is why CERN was built...It is a lie believed to be Truth being used to attempt to defeat Truth and obtain absolute power over all and everything.

They are searching for a way to obtain infinite supply to their infinite demand.

all in the absolute capitalist system are governed by the absolute capitalist equation at the core...the singularity.

The conservatives or violent absolute capitalists tax and save...or chop down trees faster than they regrow to pile up wood to supply the demand the demand of the mindless fire of desire...they are the slaves.

The liberals or gradual absolute capitalists tax and spend...Or take from the wood pile of the slaves to supply the demand of the mindless fire of desire....they are the servants.

The false God they worship or lie believed to be Truth by supplying the demand of the lie for ever more power is the master.

"The worshippers (rich liberal servants) of the compounding interest equation (false GOD/Master) will bear its burdens without complaint and perhaps without even suspecting that the equation is inimical to their interests while those who follow the worshippers (poor conservative slaves) will complain about the effects but will be ignorant of the cause."--Hypertiger

it is why yield rates have been dropping for 33 years...

The slaves or productive members of society have been imploded down towards absolute 0 to supply power to the demand for power by the consumptive members of society to explode up towards absolute 1.

The virtuous circle of inflation gradually explodes up to the absolute 1 point or maximum potential of positive insanity and then there is the polarity shift into the vicious cycle of deflation that violently implodes down to the absolute 0 point or maximum potential of negative insanity.

The violent absolute capitalist force is cold...it is nothing that wants to become something...the black hole of absolute 0...endothermic...tax an save.

The gradual absolute capitalist force is Hot...it is also nothing that wants to become something that appears to be something...absolute 1...the sun...exothermic...tax an spend.

The sun or absolute 1 is liberal and radiates...the black hole of absolute 0 is conservative and absorbs.

around June 20th of the 6th month is where the Sun of GOD is most powerful in the northern hemisphere of the planet...that is the absolute 1 point where the Sun of GOD can burn your mortal/animal body to death...around December 20th of the 12th month is where the black hole of the Universe is most powerful in the northern hemisphere of the planet...that is the absolute 0 point where the black hole of the universe can freeze your mortal/animal body to death.

These two forces battling each other are what powers hurricanes...and the all seeing eye of the hurricane is where the two forces are in equilibrium.

Where the singularity or invisible order of reality that powers the duality or visible chaos of fantasy believed to be reality can be discovered.


http://www.youtube.com/watch?v=wKSIdx11DnE

"Of Hyperion we are told that he was the first to understand, by diligent attention and observation, the movement of both the sun and the moon and the other stars, and the seasons as well, in that they are caused by these bodies, and to make these facts known to others; and that for this reason he was called the father of these bodies, since he had begotten, so to speak, the speculation about them and their nature."—Diodorus Siculus

The Angel in the whirlwind...resides in the all seeing eye of the vortex...


https://www.youtube.com/watch?v=pZuH9lWxS_k

"I returned, and saw under the sun, that the race is not to the swift, nor the battle to the strong, neither yet bread to the wise, nor yet riches to men of understanding, nor yet favour to men of skill; but time and chance happeneth to them all."--Ecclesiastes 9:11

Then on September 11, 2001...911.

"And they had a king over them, which is the angel of the bottomless pit, whose name in the Hebrew tongue is Abaddon, but in the Greek tongue hath his name Apollyon."--Revelation 9:11

1941 to 1971 was spring...march or 333

1971-2001 was summer...or June or 666

2001- 2031 is the fall into the abyss...or September or 999

The march to doom (winter/December) with glee.

December is both 0 and 1.

37 x 27 = 999

37 x 30 = 1110

37 x 33 = 1221

37 x 36 = 1332

36 x 10 = 360

10 being 5 x 2.

360/5 = 72

In 2014...I did my taxes for 2013...and my refund after all the calculations was $2044.74

The cost of the service I used was subtracted from the refund.

it was $133.20

leaving $1911.54.

Which I took in money orders...the maximum of which was $1000...giving me a money order of $1000 and 911.54.

133.2 x 5 = 666

1981 is where yield rates reached their peak in the USA...the top of the hyperinflation up....since then yield rates have been hyperinflating down towards the absolute 0 point...or for 33 years now.

That is here Ronald 6 Wilson 6 Reagan 6 born in 1911 was installed...to implement the voodoo economics policy.

"The Illuminati (plural of Latin illuminatus, "enlightened") is a name given to several groups, both real and fictitious. Historically, the name refers to the Bavarian Illuminati, an Enlightenment-era secret society founded on May 1, 1776"

55.5 doubled = 111 doubled = 222 doubled = 444 doubled = 888 doubled = 1776.

May is the 5th month and May 5th = 5/01.

133 X 5.01 = 666.33

Ronald 6 Wilson 6 Reagan 6 was installed at the peak of summer 1971 to 2001....In 1981.

"And I saw one of his heads as it were wounded to death; and his deadly wound was healed: and all the world wondered after the beast."--Revelation 13:3

"Although "close to death" upon arrival at George Washington University Hospital, Reagan was stabilized in the emergency room, then underwent emergency exploratory surgery. He recovered and was released from the hospital on April 11, becoming the first serving U.S. President to survive being shot in an assassination attempt. The attempt had great influence on Reagan's popularity; polls indicated his approval rating to be around 73%. Reagan believed that God had spared his life so that he might go on to fulfill a greater purpose."

"The numbers 3 and 7 are considered both "perfect numbers" under Hebrew tradition."

"In finance, the rule of 72 and the rule of 69 are methods for estimating an investment's doubling time. The rule number (e.g., 72) is divided by the interest percentage per period to obtain the approximate number of periods (usually years) required for doubling. Although scientific calculators and spreadsheet programs have functions to find the accurate doubling time, the rules are useful for mental calculations and when only a basic calculator is available"

"These rules apply to exponential growth (hyperinflation) and are therefore used for compound interest. They can also be used for exponential decay to obtain a halving time or half life (hyperdeflation) The choice of number is mostly a matter of preference, 69 is more accurate for continuous compounding, while 72 works well in common interest situations and is more easily divisible. There are a number of variations to the rules that improve accuracy."

360/5 = 72

69 is 6 + 9 or 15

6/9 = 0.6666666666666666666666666666666.

9/6 = 1.5

Or 0.5+0.5+0.5

3/2 = 1.5

3+2 = 5

365/5 = 73

360/365 = 0.986

5 x 2 = 10 x 2 = 20 x 5 = 100

100 x 0.986 = 98.6

"Different parts of the body have different temperatures. Rectal and vaginal measurements, or measurements taken directly inside the body cavity, are typically slightly higher than oral measurements, and oral measurements are somewhat higher than skin temperature. The commonly accepted average core body temperature (taken internally) is 98.6 °F"

Too much power/exponential growth and you hyperinflate and burn up/die...too little power/exponential growth and you hyperdeflate and freeze down/die.

Your body does anyway according to 1000's and 1000's of years of observation.

"This porridge is too hot, this porridge is too cold, but this porridge is just right"--Goldilocks

Converting Fahrenheit to Celsius:

1) Take your number in Fahrenheit and subtract 32 3+2 =5

2) Multiply the result of step 1 by 5.

3) Divide the result of step 2 by 9....5/9 = 0.555555555555555555 5 +9 = 14 1+4 = 5

1) 98.6 - 32 = 66.6

2) 66.6 x 5= 333

3) 333/9= 37 C

Where I was born...it can reach -40 F in the winter and 104 F in the summer 1+4 = 5

1) -40 - 32 = -72

2) -72 x 5 = -360

3) -360/9= -40 C

1) 104 F - 32 = 72

2) 72 x 5 = 360

3) 360/9 = 40 C

F = Five

Five in French = Cinq or C

Like the joke about the 3 cats that drown in Quebec...On the front page of the paper the headline was...

...Un dux trois quartre cinq

C ert = F

C = Initial deposit...or Ignorance
r = Interest rate...the demand for exponential growth
t = Time which is an exponent.
e = The number e is an important mathematical constant that is the base of the natural logarithm. It is approximately equal to 2.71 rationalized or made REASONABLE...But an irrational number which is UNREASONABL or has no logical conclusion.

Like Truth...No logical conclusion.

Lies do have logical conclusions.

The 5th letter of the Greek alphabet is e or Epsilon

F = future value or Bliss.

An equation.

A=B

Deflation = Inflation

The ignorance = Bliss equation.

The 0 = 1 equation.

The chop down trees faster than they regrow or cause deflation to power the effect of inflation equation.

or

Exponential decay/death = Exponential growth/ life equation.

It is at the core of civilization...The false GOD master all serve and slave for...aware or not.

You are the supply of power to the master and the demand for power from the master lie believed to be Truth.

in 2008...the demand by the population of the USA from the USA and the population of the USA for power became greater than the population of the could extract from the USA and supply to the population of the USA...an ultimately from there out into the rest of the world.

since that is what The 1944 Bretton woods global trade system set the USA up as...The supply of power or inflation and the the rest of the world as the demand for inflation.

In the form of US dollars...Which are credit instruments...of fake power.

Food and other raw materials extracted from the USA = real power used to supply the demand of money which is fake power.

supply the demand of the exponential decay = exponential growth equation with the required power.

and the light bulb of liberty turns on...and you are illuminated with fake light...YES...Victory.

fail to supply the demand of the exponential decay = exponential decay = exponential growth equation with the required power.

and the light bulb does not turn on or dims or goes out...and you are illuminated with real darkness

This is what happened in 2008.

The Bretton woods global trade system reached maximum potential inflation after 64 years...and began to collapse to oblivion.

basically all the economic zones or cells outside the USA are connected...like the extremities of a body are connected to the core of beating heart...and the deflation of cold is creeping in from the extremities to the heart...to come home to roost...The USA along with the rest of the world is yield starved...and cannibalizing itself.

You can see where the owners of the master lie you all believe is Truth and worship till the day you die installed Obama...to buy time...to postpone the inevitable...to take the fall for it all.

6579

The total credit market debt should be around 80 Trillion...but the exponential growth stopped after 64 years and is turning into exponential decay.

the demand from the gold mine by master and servants from the slaves has not vanished...but the supply certainly has run out.

2 4 8 16 32 64.

Rule of 72...doubling time...

the doubling time or inflation + the half life or deflation = the visible rate of inflation...like in the markets...more demand than supply...and the numbers inflate and turn green...you are going to heaven...more supply than demand and the numbers turn red...you are going to hell.

"A demagogue /ˈdɛməɡɒɡ/ or rabble-rouser is a political leader in a democracy who appeals to the emotions, fears, prejudices, and ignorance of the lower classes in order to gain power and promote political motives. Demagogues usually oppose deliberation and advocate immediate, violent action to address a national crisis; they accuse moderate and thoughtful opponents of weakness. Demagogues have appeared in democracies since ancient Athens. They exploit a fundamental weakness in democracy: because ultimate power is held by the people, nothing stops the people from giving that power to someone who appeals to the lowest common denominator of a large segment of the population."

the civil war lead to the civil peace...but the owners of the master lie or ignorance is bliss equation you all worship...have kept you divided an conquered or polarized now for 149 years.

150 years in 2015.

3 x 50

50 + 50 + 50.

3.7 x 150 = 555

The greatest enemy you face right now was born the exact same instant you were and can be found by looking into the nearest mirror.

Slaves to your emotions.

Emotions are the invisible strings or servants the master mind pulls to manipulate all the slave minds without their knowledge into doing the bidding of the master mind.

The invisible order or the reality of the master mind operating in the background powers the visible chaos of the slave minds or fantasy believed to be reality operating in the foreground.

"In all chaos there is a cosmos, in all disorder a secret order."--Carl Jung

The choice to take more power than is given is the invisible cause...All that you all see around you is the visible chaos or the effect.

There is positive visible chaos and negative visible chaos.

Or the visible duality of lies that want to be Truth powered by the invisible singularity of Truth.