A new development bank that will complement – and compete with – the World Bank and the IMF is on the fast track. Here’s a primer on why the BRICS Bank is a pretty sound idea.
The post Five reasons why the world needs the BRICS Bank appeared first on BSNEWS.
It’s essential to identify the conditions attached to this Mafia-style “loan.” Nothing remotely similar to reviving the Ukrainian economy is in play. The scheme is inextricably linked to the IMF’s notorious, one-size-fits-all “structural adjustment” policy, known to hundreds of millions from Latin America and Southeast Asia to Southern Europe.
The post The IMF goes to war in Ukraine appeared first on BSNEWS.
bad Jews acting badly; education’s leaders a la Walmart; culture bought and paid for by whitey
Michael: The problem with Piketty’s statistics are that it vastly understates how unequal the world really is and that’s because – you may know in Australia that our Queen of Mean, the hotel lady Leona Helmsley said “Only the little people pay taxes”. What she means is only the little people earn income. Rich people in America don’t earn income, they make capital gains and capital gains are not in everybody’s income statistics, they’re not in the statistics basically that are reported.
There would be no public ownership of the mines, banks and rapacious monopoly industries, no economic democracy, as he had pledged with the words: “a change or modification of our views in this regard is inconceivable”. Reassuring the white establishment and its foreign business allies — the very orthodoxy and cronyism that had built, maintained and reinforced fascist apartheid — became the political agenda of the “new” South Africa.
Russia and China have had enough. As I have reported and as Peter Koenig reports here. Russia and China are disconnecting their international trade from the dollar. Henceforth, Russia will conduct its trade, including the sale of oil and natural gas to Europe, in rubles and in the currencies of its BRICS partners.
The post Is the US or the World Coming to an End? appeared first on BSNEWS.
so why aren’t we listening, shaping policy around what the downtrodden know and see?
Russia has just dropped another bombshell, announcing not only the de-coupling of its trade from the dollar, but also that its hydrocarbon trade will in the future be carried out in rubles and local currencies of its trading partners – no longer in dollars
The post Russia Announces Decoupling Trade From Dollar appeared first on BSNEWS.
What could California do with $155 billion in interest-free credit? One possibility would be to refinance its ominous “wall of debt” at 0%. A debt that is interest-free can be rolled over indefinitely without cost to the taxpayers.
Another possibility would be to fund public projects interest-free. Eliminating interest has been shown to reduce the cost of public projects by 35% or more.
