Tuesday, 6 March 2012

MARXISM VERSUS CAPITALISM




SUBLIMINAL ANTISEMITISM, PROCLAIMING THAT INTERNATIONAL FINANCIAL INSTITUTIONS PREDOMINATED BY JEWISH AND THUS ARE TO BE BLAMED FOR THE CURRENT FINANCIAL CRISIS

For nearly five centuries, ever since European expansionism began c. 1492, the world order could be described as competitive imperialism: European powers competing over colonial and economic territories. The various wars between European powers were one expression of this competition. Wars would arise periodically, when one power felt it could expand its imperial realms at the expense of another. 

REMOVING THE MOTIVATION FOR WARS AMONG EUROPEAN POWERS

A radically different world order was established after Word War 2, based on the Bretton Woods institutions  (UN, IMF, World Bank, ...), the dissolution of separate European empires, and Pax Americana. This new world system can be described as collective imperialism, with the Pentagon acting as imperial enforcer in the 'Free World' on behalf of Western capital generally. This new global regime opened the way for the greatest growth period in history, while at the same time removing the motivation for wars among European powers.

Allegedly this paradigm shift in systems did not just happen: it was the outcome of a project. The new postwar paradigm was designed and planned in a series of meetings, by a handful of people selected from the Council on Foreign Relations, at the invitation of President Roosevelt. The CFR is a policy research & development organization, in service to the central banking cabal: the postwar world order was designed specifically to serve the interests of those central bankers who contrary to common believe were not all Jewish.

The new regime came with a PR mythology: imperialism was dying; the nations of the world were being liberated; democracy was spreading; economic development would raise everyone's standard of living. 

The reality was different: imperialism was being pursued more efficiently and systematically; nations were freed of colonial rule, but were still subject to destabilization and intervention if they didn't cooperate with Western corporate interests; democracy was the exception rather than the rule in the newly independent nations; widespread economic exploitation and poverty continued, much as under colonialism. 

POSTWAR GROWTH MACHINE WAS RUNNING OUT OF STEAM

This postwar growth era became a victim of its own success in pursuing economic development. It was so effective, and so global in its reach, that it finally began to run into hard environmental constraints. By the 1970s it became clear that the postwar growth machine was running out of steam. Not that growth couldn't continue for some time, but the overall return on investments was beginning to decline. 

Cycles of boom and bust have always occurred in the history of capitalism. The banks make money from investments and loans during a growth phase, they engage in looting and short-selling as the growth declines, and they extend their hard-asset ownership portfolios at bargain prices during the bust phase. The postwar growth cycle peaked in the 1970s, neoliberal looting began in the 1980s, and we're now well into the bust phase, with hard assets being grabbed at bargain prices via IMF-mandated privatization.

THE POST-CAPITALIST REGIME-CHANGE PROJECT

No one has been more aware of this final end to the growth-cycle paradigm than the banking cabal. David Rockefeller himself was the principal founder of the Club of Rome, which published its Limits to Growth already in 1972. Ever since then, and even before, plans and preparations have been in the works for a successor global regime, not based on growth, but still under the thumb of the bankster cabal. (Using the Hebrew word “cabal” instead of groups, factions etc. implies that the authors of this article generalize international financial institutions of being controlled solely by Jewish families or individuals.)

CENTRALIZED WORLD GOVERNMENT

'The Elite Plan for a New World Social Order', the new global system is to be based on a centralized world government, managed by already-established bureaucracies, including the UN, the International Monetary Fund (IMF), the World Bank, the World Trade Organization (WTO), the World Health Organization (WHO), and the Intergovernmental Panel on Climate Change (IPPC). 

These bureaucracies will be accountable to the cabal, (once again, subliminal anti-Semitism) with no real kind of democratic input. The new order can be characterized as the whole world becoming the private fiefdom of the banking cabal clique, who become the equivalent of an extended global royal family. It's essentially a return to a pre-Enlightenment ancien régime

'The Great Carbon Credit Deception', the new economic paradigm will be based on centrally-micromanaged resource allocations, and this is beginning already with carbon credits. On our finite planet, a resource-based economy makes a great deal of sense, but not one that is centrally managed for the purpose of controlling the people of the world.  

The general destruction wreaked by World War 2 'cleared the building site' so that the new postwar world order could be constructed. The cabal is now systematically clearing the building site once again, to enable the construction of the post-capitalist world order. 

"Of course there is a class war, but it's my class, the rich class, that is waging the war, and we're winning." – Warren Buffett (for the records: His is not Jewish!)
FULL-SPECTRUM DOMINANCE (the author of this article fall short of blaming the Jews)

As Warren Buffett quips, we are in a class war – and the regime-change project is the cabal's war plan to win a total and lasting victory over the rest of humanity. It is important that those of us in the 99% under-class realize we're under systematic attack. And it's important that we realize that the core principle of modern warfare is full-spectrum dominance: pro-active control over every domain of engagement. We need to be aware of the many ways in which we're being attacked. 

We've seen the principle of full-spectrum dominance in Iraq for example, where first the air-defenses are taken out, then the communications infrastructure, then transport, and so on, each domain of engagement being dominated in its turn. In such military engagements, domestic public opinion is also a domain of engagement, and dominance there has been pursued via embedded journalism, media propaganda, and lies by officials. 

In the regime-change project – the class war – there are many domains of engagement over which dominance must be achieved and maintained. 

RUSSIA AND CHINA

Russia and China are a very special case. They are cooperating closely in pursuing their national interests in opposition to the cabal's plans, while at the same time gaining as much advantage as possible from the existing global marketplace. They are seeking a stable multi-polar world order, and have formed the Shanghai Cooperation Organisation and the BRICS alliance. Because of their size, wealth, and military clout, Russia and China pose the only serious geopolitical obstacle to the establishment of the cabal's centralized global regime. Full-spectrum dominance is being pursued against Russia and China in several different domains. 

In other words the author of this article appear to have a rather one-sided views on capitalism and clearly is a advocate of Marxism

One of these is the domain of destabilization, particularly in the case of Russia. Russia took a major hit, for example, with the breakup of the Soviet Union – which was facilitated, according to Brzezinski, by the CIA-sponsored war between the Soviets and Afghanistan, which fatally over-stretched the Soviet economy and brought Yeltsin to power, an agent of the West, who did all he could to destroy what was left of the Russian economy. Subsequently we've had the CIA-sponsored 'Colored Revolutions', aimed at aligning Russia's neighbors with the West.

US GRAB FOR ASIAN PACIFIC

In the military domain the US has been encircling Asia with military bases and anti-missile systems, while meanwhile developing and deploying space-based and other hi-tech weapons systems. All of this adds up to a first-strike capacity, enabling the US to initiate a hi-tech assault while inhibiting an effective response. 

AFRICA THE FUTUR CONTINENT

China, in order to support its growing economy, needs access to oil and other resources. To ensure that access, China has been making investments and long-term trade deals, particularly in Africa. In response the US has set up AFRICOM, with the mission of nullifying those investments and trade deals via regime-change projects, as we've seen recently in Libya. Such actions represent direct attacks on Chinese strategic interests.

The AFRICOM initiatives and the encirclement programs are preliminary acts of war, and
 Russia and China are well aware of this. Russia and China will either need to yield sovereignty over their national destiny, or else military force will be used to neutralize them as competing powers. This is how the building site is being cleared for regime change, one way or the other, in the case of Russia and China.

THE THIRD WORLD AND THE IMF

As John Perkins explains in Confessions of an Economic Hit Man, the Third World has long been under attack by an aggressive campaign of debt entrapment. As a condition of receiving IMF refinancing packages, nations must submit to restructuring agreements, which open up the nation's assets to privatization, and essentially bring the nations under direct cabal management, via the IMF.

In those cases where this approach does not succeed, regime-change projects are being pursued, as we've seen in Iraq, Afghanistan, and most recently Libya. Syria, Iran, Venezuela, and North Korea are on the list for future regime-change initiatives, whenever the Pentagon judges the timing to be right. 

WESTERN NATIONS
Western governments were long ago corrupted and seduced into joining the neoliberal globalization bandwagon, which has systematically undermined the vitality of Western economies, and whose 'free-trade' laws have taken away regulatory sovereignty. In this way the West's manufacturing capacity has been decimated, and Western nations have become dependent on the global economy for their very survival.

Meanwhile, the cabal has used the Trilateral Commission and the Bilderberg Group to indoctrinate Western leaders into the cabal agenda. We've gotten to the point, as with Sarkosy and Merkel, where candidates are selected at Bilderberger meetings, and then promoted into power by well-funded political campaigns.

TOO BIG TO FAIL

All of this set the stage for the orchestrated economic collapse of September 2008. Instead of doing the sensible thing, which would have been to put the failed banks into receivership ala Iceland, the indoctrinated leaders accepted the absurd doctrine of 'too big to fail', and committed themselves to bailing out the banks. While the public was told the collapse was only a liquidity crisis, insiders knew that in fact the whole banking system was insolvent. There was no way the nations could afford those bailouts. 

Thus the insolvency of the banks was transformed into the insolvency of Western treasuries. Once this was achieved, the cabal began incrementally bringing Western nations under the direct management of cabal agents, first Ireland, and more recently Greece, Italy and Spain. By means of the bailout scam the economic-hitman strategy crossed the Rubicon from the Third World to the West, bringing with it draconian austerity and wholesale privatization.

Germany has been the most resistant to these destabilization programs, retaining a strong economy and a robust manufacturing sector, and enjoying a highly profitable export trade. At the same time, German banks invested heavily in the failed banks and in bonds of bankrupt European nations, and as the global economy continues to collapse, Germany will be gradually but inevitably pulled down with the rest of Europe. 

The US seems to be standing outside this scenario, with the dollar continuing as a de facto global reserve currency. But in fact the US is totally bankrupt, with astronomical budget and trade deficits. In order to keep operating, the Federal Reserve is simply printing money, and it is getting by with it because of the dollar's reserve currency status. The rug can be pulled out from under the US economy any time the cabal so chooses. 

WESTERN PUBLIC OPINION
Although the cabal is quite willing to use whatever force is necessary to achieve its objectives, up to and including orchestrating major wars, it never relies exclusively on force. A way is always sought to bring Western public opinion into alignment with those objectives. Thus military interventions are portrayed as 'humanitarian', bailouts are portrayed as 'unfortunately necessary', and austerity is portrayed as a 'path to growth recovery'. Such false portrayals are sold to the public by propaganda from the cabal-controlled mass media, and by the lies of government officials. 

Such measures have succeeded, for the most part, in getting Western populations to grudgingly accept the orchestrated collapse process. However, as the impact of the collapse is beginning to affect more and more people directly, public opinion is becoming increasingly angry and frustrated with the state of affairs. Media propaganda and official lies are failing to neutralize this growing anger. One is tempted to conclude that the cabal is losing its touch, that it is failing in this case to successfully manage public opinion. 

PUBLIC ANGER AND FRUSTRATION FEEDS DIRECTLY INTO THE AGENDA – PROVIDED IT IS CHANNELED APPROPRIATELY

Such a conclusion, however, would be mistaken. We need to keep in mind that the agenda of the cabal is quite different this time around. In the past, the cabal, by means of media propaganda and government lies, was always seeking to maintain support for the system they control: capitalism and Western governments. This time around, the agenda of the cabal is to discard capitalism and national governments, and replace them with the new centralized, non-growth system. Public anger and frustration feeds directly into this agenda – provided it is channeled appropriately.

The formula is an old one, known as 'problem, reaction, solution'. That's how the Federal Reserve was brought into existence back in 1913. First JP Morgan manufactured the problem (a run on the banks), then the cabal waited for the expected reaction (a public outcry that 'something be done'), and finally they offered their 'solution' (the cabal-owned Federal Reserve). By the time people started realizing that the solution was worse than the problem, it was too late.

With the regime-change project, the manufactured 'problem' includes not just the economic crisis itself, but also the fact that banks are responsible for the crisis, and governments are failing to do anything to alleviate the crisis. The desired 'reaction' is not just that people cry out for 'something be done' about the collapse, but that they also cry out for something be done about corrupt and incompetent governments, and that something be done about the power of banks and corporations. That is to say, the desired reaction is that people cry out for regime change. 

In order to achieve this desired reaction, the cabal is employing sophisticated mind-control techniques – called psy-ops in the trade – involving the Internet and grassroots movements.

MANAGING THE TRANSITION

Just as the old world system is being systematically dismantled, so is the transition process to the new regime being systematically managed. Indeed, with the globalist bureaucracies established and operating, the carbon-credit system launched, the IMF managing many of the world's national economies, and top Western leaders indoctrinated by the cabal's forums (Bilderberger Group, Trilateral Commission, Council on Foreign Relations), the transition process is already well underway. 

The UN will of course need to be 'reformed' as part of the transition. The General Assembly is far too democratic to suit the purposes of the cabal, and the Security Council is plagued by that pesky veto process. Already the US is pushing for reform, seeking for power to be centralized in the UN's Secretary General. With Russia and China out of the picture, it will be easy for the cabal to push through whatever reforms they deem appropriate, so as to enable the cabal to dictate policy, free of constraint. 

The US has long been under the control of the cabal, with the cabal-owned Federal Reserve managing monetary policy, and the political system totally corrupted. JFK made a valiant attempt to restore genuine sovereignty, and after eliminating him the cabal tightened its grip still further. The US, and particularly the Pentagon and the CIA, have served as essential tools of the cabal as they have been pursuing their plans for global domination.

The EU was a cabal project from the very beginning, and its founding charter, the Maastricht Treaty, was drawn up by cabal-controlled finance ministers, not heads of state. The purpose of the EU has been to help manage the transition of Europe into the new world system, by incrementally undermining national sovereignty and bringing Europe under the bureaucratic control of the cabal-dominated Brussels regime. 

As the economic collapse dramatically worsens, civil unrest will dramatically increase. Harsh suppression of Western populations will be necessary in order to get through the transition process. The various false-flag 'terrorist' events, such as 9/11 and the London tube bombings, have provided the excuse to implement the police-state infrastructures that will enable the necessary suppression. The same false-flag events have also provided excuses for the various military interventions that have been necessary in order to 'clear the building site' in the third world. 

Original article by Richard K. Moor

Richard K. Moore’s original article title: Pax Americana & Bretton Woods: a regime-change precedent


COMMENT:

Though International Financial Institutions (IFI) such as IMF, World Bank etc are indeed cause for concern and are definitely following their own agenda, it is wrong to assume that the entire IFI is in Jewish hands and thus foster  Antisemitism by collectively blaming the Jews for the current “financial crisis”. One should not forget that the Free Masons are also a strongly force in IFI and who historically are not too much in favor of Jewish, to say the least! There seems to be an increase in subliminal Antisemitism, especially in alternative internet media who use the financial crisis as an excuse to stir anti Antisemitism  at times where common people are rather infuriated with Banks and IFI and thus associate everything connected to the finance crisis as being the wrongdoings of the "Evil Jews". History in remake?

Monday, 5 March 2012

GOLD RUSH



PROJECTED PIIGS PILLAGE: 3233.5 TONS OF GOLD TO BE CONFISCATED BY INSOLVENT EUROPEAN BANKS 
 
 … in the small print of the Greek deal lies the nasty side for Greece. There lies a heavy penalty clause; Greece’s lenders will have the right to seize the gold reserves in the Bank of Greece under the terms of the new deal. Greece has 111 tonnes of gold. In other words Greece has given up on its “money in extremis”, gold. If they default they will have nowhere else to go. Its international assets will be seized and it will not be able to trade internationally at all…  


While hardly discussed broadly in the mainstream media, is that in addition to losing its fiscal sovereignty, and numerous other things, the Greek population is about to lose its gold in a perfectly legitimate fashion, following amendments to the country’s constitution by unelected banker technocrats, who will make it legal for Greek creditors – read insolvent European banks – to plunder the Greek gold which at last check amounts to 111.6 tones according to the WGC.

And so we come full circle to what the ultimate goal of banker intervention in the European periphery is – nothing short of full gold confiscation. So just how much gold will be pillaged by the banker oligarchy (it is amusing how many websites believe said gold is sacrosanct by regional national banks, and thus the EUR is such a stronger currency as it has all this ‘gold backing’ – hint: it doesn’t, as all the gold is about to be transferred to non-extradition countries)?

As the World Gold Council shows in its latest update, between all the PIIGS, who will with 100% certainty suffer the same fate as Greece (which has shown that unlike during World War 2, it is perfectly willing to turn over and do nothing) there is 3234 tons of gold to be plundered. And likely more as further constitutional amendments will likely make the confiscation of private gold the next big step.

How much does this amount to? At today’s prices this is just shy of $185 billion. Of course by the time the market grasps what is going on the spot price of the yellow metal will be far, far higher. Or, potentially far, far lower and totally fixed as the open gold market is eventually done away with entirely in a reversion to FDR gold confiscation and price fixing days.
The chart below shows total gold holdings for the top 40 countries. Little Ireland is off the chart with just 6 tons of gold.



MIDDLE EAST





ISRAEL & IRAN - A DIFFERENT SCENARIO

Consider this: Common believe is that if ISRAEL conducts an airstrike on IRAN, the consequences for ISRAEL will be chaos, bloodshed and a high casualty rate after hundreds of missiles strike ISRAEL.

Strategic analysts however speculate with a different outcome, they claim that the problem is not that IRAN would fire 300 missiles at ISRAEL in two days, but rather, that they would do the opposite – fire only 5 or 6 missiles each month, but keep doing it for 2 years.

The results of such scenario would be rather devastating. ISRAEL’S airspace would be closed down. As a result of which Airplanes would not be taking off, ships carrying goods would not be arriving at ISRAEL’S ports, life would come to a basic standstill, and the economy would be paralyzed.


FOOD FOR THOUGHT



UNMANNED AERIAL VEHICLE (UAV OR DRONE) ATTACK VERSUS CONVENTIONAL AIR ATTACK

It is interesting that mainstream media speculations regarding ISRAEL’S alleged airstrike on IRAN in the not too distant future; refrain from mentioning the option of UAV usage instead of high numbers of manned fighter bombers.
UAV’S would probably do the job more efficient, under stealth and without risking pilot’s lives and in case of capture, being used as a political bargain chip for IRAN.

Could it be that the alleged downing of a US UAV by IRAN was a strategic move by the US in order to portray UAV’S as vulnerable so as to distract from a possible large scale drone attack on IRAN instead of conventional air force operations?

Mainstream media obediently focuses on information provided to them, claiming that ISRAEL would needing at least 100 fighter bombers to achieve and efficient airstrike on IRAN and at the same time question ISRAEL’S ability to conduct such large-scale operation. That way the public is diverted from a much more realistic and efficient option of a large scale UAV attack on IRAN.

Comment:

Despite current media hype evolving around an alleged ISRAELI attack on IRAN, it is the opinion of the author that such attack will not occur. Such rhetoric’s are part of a complex strategic bargaining game, played in order to establish the new sets of rules for a “reformed” Middle Eastern geopolitical landscape.




Thursday, 1 March 2012

FOOD FOR THOUGHT




ALTERNATIVE MEDIA on Argentine topics

Argentina – Stretching Bonds with China
Argentina’s relationship with China is currently deepening due to larger interest by the Asiatic giant in soy and agro-food.
Both countries have just signed reciprocal agreements in order to increase economic exchange last week. A delegation of Chinese businessmen and officials were welcomed by the Secretary of Foreign Affairs and the President so as to reinforce the commitment and find different others industries to develop in conjunction.
According to data released by the Pekin’s custom, Argentina exported 461,000 tons of soybeans to China in January 2012 – five times the amount in January 2011 –.
Both countries also signed a sanitary protocol which will allow the Argentina to export of maize products to the Asian nation.


CORPORATE MAINSTREAM MEDIA on Argentine topics
Argentina spending more than it produces; “default situation” can’t be discarded
By Diana Mondino  

Argentina currently consumes more than it produces and only with strong growth can it avoid another default situation since liabilities continue to increase, warns economist Diana Mondino.
 “Argentina has already consumed its assets in energy, agriculture, pension funds, central bank and expenditure continues to expand” points out Mondino adding that government spending has ballooned in the last decade but particularly in the last two years, “well above the production and growth capacity of the economy”.
Social Security, Anses, already consumes almost a third of GDP, leaving aside law and order, education, health, which means the fiscal load must be particularly burdensome to meet those expenditures, 40% tax pressure, one of the highest in the world, except for Scandinavian countries.
“And in spite of the taxing pressure the government had to appeal to some of the ‘jewels of the crown’, such as energy, agriculture, pension funds, Central bank reserves, and yes what we managed was a consumers’ boom”.

Diana Mondino at S&P Argentina!!!

In the first 18 months after Diana Mondino and Viviana Zocco had sold their credit rating firm to Standard & Poor's (S&P), business had soared. The young entrepreneurs had not only received a decent sum for their company, they had also received considerable support to grow their business and their own talents. All of the analysts, including the two managing directors, were participating regularly in S&P's highly regarded educational programs.

 Comment:

To be associated with Standard & Poor's means the author of above article promotes international financial and economic institution doctrines which in many cases have proven devastating for countries applying such measures. These international vulcher financial institutions are trying everything to force Argentina into adhering to their doctrines.
Since Argentina has been defying these doctrines successfully, powerful international financial institutions use every possible means to combat Argentines’ resistance and thus use mainstream media and finance lackeys, reporting and distorting humbly what Corporate Media and the power elite tell them to do.
“Predicting” the possibility of Argentina defaulting once more is pure tactics and manipulative journalism, initiated by above mentioned institutions in order to create panic and cause economy turmoil.
Just for the records, the so famed soya commodity prices are soaring once again and will continue to do so, not to mention the rest of Argentina's agriculture commodities......

 Argentina expects higher crop output for 2012
Via Agriculture News

Argentina is on track to produce about 21.3 million metric tons of corn and 46.2 million of soybean during the 2011-12 seasons, based on surveys conducted by AGROCOM.
Argentina is the world's third-largest soybean exporter and ranks No.2 in corn exports.
Exports of grains, soybeans and related products are a significant source of government tax revenue and a major contributor to Argentina's trade surplus, which totaled $10.35 billion last year.

The Buenos Aires Cereals Exchange said that rains in recent weeks have helped the soy crop to recover from drought conditions in December and January that damaged corn fields.
Estimates for Argentina's 2011-12 crop production in million of metric tons. Sunseed area is measured in million hectares (HA). One hectare equals 2.47 acres.
                     Wheat      Soy         Corn         Sunseed

B.A. Cereals Exch    14.0       46.2        21.3         3.5
Ag Ministry          13.4       43.5-45.0   20.5-22.0    3.7
USDA                 14.5       48.0        22.0         3.2
Rosario Grain Exch   13.7       44.5        19.8         --
Argentina's historical production in millions of metric tons, according to the USDA:
Wheat      Soy       Corn         Sunseed
2010-11   15.0       49          22.5         3.6
2009-10    9.6       54.5        22.5         2.3
2008-09   10.1       32.0        15.0         2.9
2007-08   18.6       46.2        22.0         4.65
2006-07   16.3       48.8        22.5         --

BRICS prepares world banking revolution




BRICS member-states are preparing a world banking revolution. They are planning to nominate an alternative candidate for the post of the Chairman of the World Bank for the first time in history. BRICS also demands redistribution of quotas in the International Monetary Fund in the near future and intends to study India’s initiative on creating a South-South Bank.

Representatives of Brazil, Russia, India, China and South Africa proposed a reform of the world financial system at their meeting in Mexico City which took place during the conference of G20 finance ministers and heads of central banks.

BRICS financiers are annoyed with the private rule that the head of the World Bank is always a representative of the US. They believe that candidates should be assessed based on their merits and not citizenship. BRICS member-states are convinced that it is essential to create competition for the US candidate, either from a BRICS country or from Europe. It has been decided to prepare a declaration on a coordinated position on this subject in the next two weeks. Candidates for the post of the head of the World Bank should be determined by the 23rd of March.

On the 29th of March BRICS leaders are expected to launch the mechanism of coordinating opinions on India’s proposal to create a South-South Bank. It is to become a support institution for countries with developing markets. BRICS member-states will be playing the main role in it, according to the quotas of votes. In this context they will have to assume serious financial responsibilities. The project looks promising but needs detailed studying, President of the Russian Financial Corporation Andrey Nechayev says.

"There are a lot of unanswered questions at the moment. Who is going to provide capitals for this bank? Who will be able to get money from it? There may be a lot more of those who want to take a loan than those willing to give loans. The new institution meets the requirements of world development. BRICS member-states need investments and not only cash but new technologies, methods of corporate management and innovations. At present it is not quite clear how this bank, if it ever opens, will help to solve this problem.”

In any case, India’s initiative on creating a South-South Bank is an attempt by BRICS member-states to offer their mite to the establishment of a new world financial system. They are planning to take a place in it according to their global weight. The rate of the Brazilian, Russian, Indian, Chinese and South African growing economies in world production exceeds 21% and these countries’ currency reserves exceed $4trln.
The latter fact gives these countries grounds to dispute the financial tradition set by the west. BRICS member-states intend to upgrade their role in the IMF.

They are ready to discuss the strengthening of the Fund’s resource base, in particular, for helping the EU to get out of the debt crisis. At the same time, they demand redistribution of the Fund’s quotas, which means both the realignment of world financial flows and the rearrangement of votes when the IMF makes decisions. At present, almost half of the votes belong to the EU and the US, while BRICS member-states have about 10%. In 2010 BRICS raised its quota a little but its potential is still underrated. The West will keep trying to hamper the IMF reform, so as to prevent countries with growing markets from strengthening their positions. Meanwhile, the need for replenishing the IMF resource base will apparently make the management of the Fund respond to the BRICS initiative.