The rise of BRICS (Brazil, Russia, India, China and South Africa – the last one joined the group last year) within a span of three years since its formal inauguration in Russian city of Yekaterinburg in 2008 is really phenomenal...
The crisis will inevitably result in dramatic changes on the global political scene. The US will finally lose its superpower status which it had enjoyed for a century. The U.S. has failed to stand the ‘multipolarity test’ and had worn-out wars in the Middle East. Now they lack enough resources to maintain leadership. It is very likely that the collapse of the dollar and of the US financial pyramid will cause an outbreak of aggression from the US side, and a regional war with Iran and other countries of the ‘Greater Middle East’ will become a reality. But this all will just boost the Pax Americana collapse...
The very fact that the US, a country perpetually espousing lightly regulated market, is pushing for constraints in international trade strengthened the impression that Washington finds itself in a state of confusion... the recent summit of G20, a group bled by the US-Chinese currency war, closed as badly as it opened, producing a colorless resolution which carried no binding measures and would hardly help to get the global economy's ills – currency damping and protectionism – out of the way...
After permitting Wall Street to enrich itself at the expense of the American taxpayers, the Obama administration is poised to pass on the product of its ersatz economy to the rest of the world... Riots, general strikes, and mass street protests in Greece, Italy, Britain, and Spain over the passing on of the greed of the global bankers mean that business as usual for those who periodically gather at Bilderberg, Davos, Trilateral Commission, G8, G20, and other closed-door conclaves is over...
The Seoul G20 summit will stay on record as a failed attempt to find a way out of the labyrinths of the global economy... Therefore, in the foreseeable future the Federal Reserve will keep the printing press running, China will be pushing down the yuan value, and Europe – strengthening the Euro... And still, at the moment there is no alternative – the G20 summits remain the only forum for comprehensive discussions of global economic problems.
The US Federal Reserve announced it would additionally pump some freshly printed $600b into the economy via a new treasuries buying program. The message thus sent to the world is that as always the Federal Reserve is going to advance its own interests regardless of the impact of its steps on the global economy... Access to the on/off button of the FRS printing press opens opportunities to manipulate the currency, to arbitrarily send inflation sprawling or generate liquidity droughts, and therefore to trigger crises. The US crises of 1948-1949, 1953-1954, 1957-1958, 1960-1961, 1969-1971, and 1973-1975 were widely attributed to the FRS...
Hungarian premier Victor Orban clearly stands in the way of the plans of the global elite for Europe. Hungary’s new constitution which was passed in the spring of 2011 and entered into force on January 1, 2012 unequivocally placed emphasis on Christian legacy and nationhood and was immediately seen as a challenge by the forces of global governance. It happens to be the first constitution in Europe reflecting a radical departure from multiculturalism and the present-day brand of tolerance, which in practice translate into the erosion of national identity and infinite acceptance of moral deviance...
