Posted on 02/02/2015 12:43:56 PM PST by alexmark1917
BANKRUPT Wall Street & Join the BRICS in Creating New Global Credit System
Over the weekend, one outlet for British Imperial policy after another issued hysterical warnings about the global strategic implications of the Greek crisis. The CFR’s Ian Bremmer warned that Greece could well leave the Eurozone and NATO, and instead join the SCO, Russia and China in alternate economic and strategic arrangements – de facto joining the BRICS, although Bremmer doesn’t dare call it that.Daily Telegraph columnist Ambrose Evans-Pritchard warned that the EU chicken game with Greece could totally backfire, leading to “unknown tremors [which] might hit the global payments system. They are playing with fire.” And even the usually sensible Liam Halligan exploded that the new Syriza government in Greece “could take direct control of Greek lenders and write off billions of euros in household loans, destroying bank balance sheets in a frenzy of populist contractual vandalism.”
“But that is sensible; it is exactly what they should do,” Lyndon LaRouche commented today. They should just get rid of these phony debts which don’t exist anyway, LaRouche added. Not just Greece, but all of Europe and the entire trans-Atlantic sector has had debt shoved down their throats which is phony. The entire system is dead, LaRouche stated, in the U.S. as elsewhere, and it simply has to be replaced. Wall Street is dead, so write them off.
MORE:
https://larouchepac.com/20150201/larouche-bankrupt-wall-street-and-join-brics-creating-new-global-credit-system
Some U.S. oligarchy won't like this: China backs new global credit rating system.
Chinese Vice-Premier Zhang Gaoli (R) shakes hands with former French Prime Minister Dominique de Villepin while meeting with members of the newly founded International Advisory Council for the Universal Credit Rating Group (UCRG), who are in Beijing to attend an Asian credit system forum, China, June 23, 2014. [Photo/Xinhua] BEIJING - China supports the development of a new international credit rating system that is objective, rational and balanced, Chinese Vice-Premier Zhang Gaoli said here on Monday. During a meeting with international personages attending an Asian credit system forum in Beijing, Zhang said China is ready to work with all other countries to push for the perfecting of the existing credit rating system and the establishment of an Asian credit rating system and standards that suit regional characteristics.
http://europe.chinadaily.com.cn/business/2014-06/24/content_17611233.htm
China/Russia to Launch Own Credit Rating Agency to Rival the Big Three
Russia and China have announced they are launching their own credit rating agency, to rival the Big Three Western credit rating system, including Moody’s, S&P and Fitch. Video interview.
The existing Anglo-American credit rating system was first created in the UK; then perfected in the US to accommodate the UK pound/US dollar global hegemony and to facilitate the petrodollar grip on the global economy.
https://futuristrendcast.wordpress.com/2015/01/15/chinarussia-to-launch-own-credit-rating-agency-to-rival-the-big-three/
How do you say Greek slaves in Mandarin?
Lyndon LaRouche is a made up figure. Either that or he must be about 150 years old by now.
Debt is phony, eh? Tell that to people who actually lent the $$. Really, so sick of hearing that meme.
So if the Greeks cannot pay their debts to the EU, they can just say Zàijiàn and then ask for loans from China and Russia? Then China and Russia give out loans to countries that have a poor repayment history and how does this help China and Russia?
Credit as money is perfect for live for the moment people, but it is a cancer for societies and cultures.
For exchanges, which is what most people conceive of money as, it is a perfect replacement for specie or currency.
As a store of value, it is the antimatter of specie or currency.
He’s 92, and looking pretty good for that...
Let ‘em go but seize their assets before they leave the EU. See how they enjoy life under professional commies.
“How do you say Greek slaves in Mandarin?”
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How do you say “Give us your young women!” in Mandarin?
According to wikipedia he is 92.
If he’s dead, how can he be bat-s$$t crazy. And if he’s bat-S44t crazy, . . .
Laroushe? Really?
The greeks are leaving the cool kid table to hang out with the EMO kids.
They should think about this because it is hard to get back at the table once you storm off in a rant in front of the who school.
China gets to own the ports they were suppose to get buy.
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