As mentioned in the article, the BRICS bank and AIIB serve as important stage towards shift of financial system, but they still “operate on the Babylonian debt slavery mode.”
As I have commented, in proper economic system, it is not necessary to “lend money at interest.” The financial system backed by gold stabilizes economy, but it will not cause a drastic change unless the central bank is nationalized and is opened to the public.
I think that normally, the system has to be backed by GDP, not by gold. The central bank can issue paper money based on the GDP.
Seen in this light, “establishment of the future planning agency” proposed by Mr. Fulford will become the next stage of shift to fundamental financial system.
July 8m 2015
Excerpt from a Japanese article: How Sad! – July 7, 2015 –
Benjamin Fulford Report (July 6)
The fact that 61% of Greek citizens voted to refuse to pay for banker’s reckless mistakes indicates a majority of the people at the street level in that country now recognize the criminal nature of the Western banking system. This has set in motion the first domino that will lead inexorably to the bankruptcy of the Khazarian banking system and their criminal subsidiary known as the UNITED STATES OF AMERICA CORPORATION. A Greek default, as mentioned previously, is just the first domino that will be followed by Spain, Portugal, Ireland, Italy, France, Germany and then the United States.
The world’s major creditor nations like China and other Asian countries refuse to lend more money to the IMF.…. The Washington DC cabal cannot bail out the IMF or the European Central Bank because they themselves are bankrupt as can be seen by the fact they are cooking their books.
Furthermore, other dominos have also begun to fall. Furthermore, the AMERICA Puerto Rico colony, known by many as the 51st US State, has also publicly said it will not be able to pay its debts.
The new element to this is that the contagion has now spread to China, the largest creditor of the bankrupt AMERICA and thus the country that will be left holding the bag. Chinese stock markets plunged by 30% in the last weeks, driven by retail investor selling.
The Chinese communist government also tried to get funds last week when it sent representatives of the Manchu imperial family to the headquarters of the Bank of Tokyo Mitsubishi-UFJ, in an attempt to cash genuine historical bonds worth trillions of dollars, according to a Chinese government official. At the end, despite the fact the bonds were genuine, the Chinese and Manchus were sent away empty handed because recognizing the bonds would have bankrupted the Japanese government and Japanese financial system.
The Russians and Americans also failed last week in efforts to cash historical financial instruments because again, the old financial system simply is unable to pay genuine debts they have incurred over the years, according to Pentagon sources.
That is why the first ever bankruptcy of a European country in the post-war era has added new urgency to ongoing negotiations on a new financial system, according to people involved in the negotiations.
In key negotiations aimed at setting up an alternative financial system, representatives of the White Dragon Society formally sent a proposal to Japanese Imperial Family and Japanese government calling for the establishment of a $7 trillion fund to finance the creation of a future planning agency. Japanese imperial family and government officials approved the plan in principle but requested a more detailed, written proposal.
The proposal calls for a Japanese government delegation to visit the UK, the US, EU headquarters, the Vatican, Moscow, the African Union, the Organization of Islamic Cooperation and other power centers to get formal support for the future planning agency (informal support has already been given).
The future planning agency would be very different from the World Bank and IMF or even from the just starting up BRICS bank and Asian Infrastructure Investment Bank in that it will have a budget 70 times larger, enough to annually provide $1000 worth of goods and services to each man, woman and child on the planet. Furthermore, while the BRICS bank and AIIB help isolate the Washington faction of the cabal, they still operate on the Babylonian debt slavery model. In other words, they lend money at interest and expect to get paid back or else they will come and seize collateral. The planning agency will operate on credit, and will not require repayment, only verification that funds are used as intended and promised. New funds will be withheld from corrupt and incompetent groups who will then wither on the vine.
Of course, doing this would put an end to the near monopoly control over the creation of fiat money and thus end their Babylonian debt slavery regime.