The BRICs Take Over

Banking on BRICS to deliver ... Even as New Delhi prepares for the arrival of BRICS Heads of States ... Besides the usual declarations on cooperation on political matters, social challenges, climate and energy, food and water, health and education, industry and trade, BRICS is likely to make two significant announcements this time, which will, in many ways, mark its coming of age. First — the formal launch of the "BRICS Exchange Alliance" in which the major stock exchanges of BRICS countries will offer investors index-based derivatives trading options of exchanges in domestic currency. This will allow investors within BRICS to invest in each other's progress, expand the offerings of the individual exchanges, facilitate greater liquidity, while simultaneously strengthening efforts to deepen financial integration through market-determined mechanisms. From talking to people in the know, this alliance is good to go, and the operational modalities around currency, settlement cycles and inter-exchange regulatory coordination are all issues that have been thought through and resolved. – The Hindu

Dominant Social Theme: The BRICs are a growing force that have come from nowhere to challenge the West.

Free-Market Analysis: Being natural skeptics, our elvish brain-trust distrusts the general BRIC ruckus. The argument (see above excerpt) is that the BRICs, in the natural order of things, have emerged to challenge a failing West. Now they are launching a joint derivatives stock exchange and their own version of a World Bank.

In fact, this narrative, from our point of view, is more directed history. Directed history is the faux history that the top Western power elites foment on a regular basis as they attempt to create world government.

This elite is fairly merciless and is not above fomenting world war apparently – which it used twice last century to try to create global government.

The elites work by creating dialectics. First they created nation-states via "colonialism," it would seem, and now they are aggregating these nation-states and creating a global dialectic.

There are several dialectics that the power elite is trying to create currently. One is an Islam-versus-the-West dialectic. We've written about this quite a bit. Another is the emergent BRICs-against-the-West dialectic.

Out of these dialectics, a new world order will apparently form: Thesis ... antithesis ... synthesis. For those who argue that the BRICs' emergence is a natural occurrence, we would point out that the name was made up by a Goldman Sachs banker and that the economic systems in place in the BRICs is a Western one.

The BRICs' current prosperity is, in our view, driven by a series of central banking bubbles and capital relocation of Western corporations away from Europe and the US.

One of the very little known methods by which technology was transferred wholesale away from the West was via "industrial standards." Several industrial standards were put into place by the West's largest corporations and industrial trade groups.

These standards forced companies to conform if they wanted to do business with the biggest Fortune 500 companies. Over time, companies had to draw up entire maps of how they produced their products.

As larger companies drew up these maps, it became easier and easier to transfer whole manufacturing facilities overseas. And that's what has taken place.

None of it is natural or inevitable. Certainly not the emergence of the BRICs, whose hyperstimulated economies are based on monopoly money printing just as in the West.

The combination of Western industry and technology plus Western banking systems has created the perception of a developing world rival to Western economic might.

In fact, this is a fairly artificial phenomenon, in our view. Just as the elites are pushing the BRICs up, so they are shoving the West down. The world must be homogenized – industrialization and living standards evened out – before true globalism can be established.

In our view, this is what's occurring now. We don't really believe all this is occurring "organically." Absent the kind of massive interference that is taking place in the world as the elites move human populations around like so many chess pieces, human cultures would be a good deal more discreet and static.

The kind of change that is taking place is manufactured. It is artificial. It is a galloping and galumphing evolution based on hyper-money printing and command-and-control corporatism.

Here's a video, one of many, that purveys this elite fairy tale.

(Video from VOAvideo's YouTube user channel.)