Monday, April 1, 2013

PIRE: The power of the economies of the BRICS(T)

WORLD | BUSINESS

Financial Wars: Attack is the Best Form of Defence

Alexander GOROKHOV | 31.03.2013

... The power of the economies of the BRICS(T) countries and the volume of their natural resources would theoretically allow PIRE to turn into an extremely attractive unit of international payments in a relatively short time, and the project's member countries to change from countries earning money to countries creating money and receiving the maximum profit from emissions ...

.. By keeping a close eye on statements made by Soros, publications produced by media companies he controls and the actions of other companies financed by his Foundation, it is not difficult to see who the next victim of these financial wars is going to be – Europe. Since 2012, the threat of the disintegration of the eurozone has increased. In the country most affected by the financial crisis, Greece, they have been talking about rejecting the single European currency, which would undoubtedly lead to a serious weakening of the euro.

.. As with the major battles of conventional wars, the most spectacular and decisive events of financial wars are crises. The most significant crisis of the 20th century, the Great Depression, allowed all the banks' gold in the United States to be concentrated in the Federal Reserve and FRS member banks to establish control over the lion's share of American industry. The financial crisis established in Great Britain in 1992 by currency speculator George Soros, who was closely connected to bankers from the FRS, not only enabled him to earn 1 billion dollars in a single day, but also caused the devaluation of a dozen European currencies, as well as delay the introduction of a single European currency for six years. Most importantly, however, was that it significantly increased America's influence on the European economy through Americans buying up drastically cheaper shares in European businesses.

.. Soros was also one of the initiators of the 1995 crisis in Mexico which shelved plans for the construction of an interoceanic canal that would have rivalled the Panama Canal controlled by the Americans. In the same year, Soros dealt a blow to Japan, as the rapid growth of the country's currency was threatening to transform it into a global financial centre, a rentier state whose yen-denominated loans were ensuring an explosive increase in the economy of Southeast Asia as a whole. Immediately afterwards, with the support of FRS member banks, Soros brought down the financial systems of Indonesia, South Korea, Thailand, Malaysia, Thailand and Hong Kong – all the "Asian Tigers" were firmly shown their place in the cage, having been forced to tie their economies to the US dollar. Taking advantage of a fall in shares of these countries' electronic companies and the resulting fall in the Dow Jones Index, American high-tech corporations – IBM, Intel, Motorola, Compaq, Dell and Hewlett Packard – bought up a considerable amount of these shares, as well as their own shares that had been "dumped" by third party investors.

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