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CAR zooms past Brics

30 March 2013, 10:09

Funny thing that, our troops have been in CAR for how long? And suddenly, shortly before the BRICS conference, where they are about to announce the BRICS development bank, which will be in competition with the IMF and the World bank.... a big dirty laundry story is exposed involving our President, discrediting our government and making South Africa look like a bunch of bananas! ... at the expense of thirteen lives lost (my condolences to the families). 

If I had a suspicious mind...... I might come to the conclusion that this was a " timed" event.

Our brave men, apparently 200 up against 3, 000 were there for no reason whatsoever and were not even defending South Africa.... but as it turns out, protecting private investments  involving some top ranking South Africans. Eish!!!! To give the press credit, they kept a lid on it until the BRICS conference was over.

For stories on this debacle see :

South African Military Protects Private Company’s Illicit Diamonds For Arms Trade in CAR

CAR deployment and SA democracy: Can Zuma be held to account?

Scramble for CAR minerals

As a last word on this CAR crash, it is my personal opinion that Zuma should do the right thing and step down. He has embarrassed South Africa for long enough now. ... but back to BRICS.

Here is an East verus West take on the BRICS bank.

The East - Aljazeera said: " The BRICS grouping of emerging powers have reached a deal to establish a development bank that would rival Western-backed institutions."

The West - Bloomberg said: " The biggest emerging markets are uniting to tackle under-development and currency volatility ( read the crash of the dollar here!)with plans to set up institutions that encroach on the roles of the World Bank and International Monetary Fund. " (in other words, challanging their hegemony since Bretton Woods)

This from Russia Today : 'Hegemonic corporations scared as BRICS plan bank to rival IMF'

 In the South African press there were lots of cartoons of Zuma with a very little "s,"  underscoring Goldman Sach's view that South Africa has no business being the fifth partner. Well if you are going to take Goldman's opinion on anything consider this:

Top Banks Investigated On Collusion In Derivatives

U.S. Department of Justice has launched its own probe into suspected anti competitive activity in credit-derivatives trading and clearing, and in information services industries supporting the activities. Among those the European Commission probe has focused on are such industry giants as J.P. Morgan Chase (NYSE:JPM), Goldman Sachs Group Inc. (NYSE:GS)  and Deutsche Bank AG, (Xetra:DBK) the commission has said.

see full story here:

As for the IMF, ask any South American country how the IMF through it's shady loans with compounding interest on seemingly generous and magnanimous deals has brought those economies to their knees to the point that they no longer want to deal with the IMF at all. If you want to know how it all works, read :

Confessions of an Economic Hitman

or watch an interview here:

Which brings me to the World Bank. There is an elephant in the room, and any day now people are actually going to see it. This article appeared during the BRICS conference:

The World Bank: Rejecting “The Rule of Law”

"During the World Bank and IMF Annual Meetings last October, with Karen Huds encouragement, the Development Committee informed President Jim Yong Kim of the need for “a more open, transparent and accountable World Bank Group.”  The reasons that motivated that request included the following series of disturbing developments:
   -  The World Bank has disregarded the Joint Economic Committee’s 2005 inquiry into the World Bank’s “corporate governance irregularities” and “accounting problems”;
    - The World Bank has failed to follow the Joint Economic Committee’s advice that professional financial and accounting employees be given independent access to the World Bank’s Board and its Audit Committee;
    - The World Bank has failed to protect Hudes against retaliation for challenges of illegality or other misconduct  through external arbitration pursuant to the 2005 Lugar-Leahy amendment, which could threaten its mission;
    - The World Bank has stonewalled Senator Lugar’s and Congressman Van Hollen’s four requests for the advice of the executive search firm following Hudes’ disclosure of internal control lapses;
     -The World Bank has refused to comply with the Government Accountability Office inquiry into corruption requested by Senators Lugar, Leahy and Bayh for more than three years;
    - Congress has reiterated its request for the GAO inquiry during hearings on the World Bank capital increase, with which it has yet to comply;  and,

    - Treasury Secretary Timothy Geithner misrepresented progress on World Bank reform in his 11/21/12 report to the Appropriations Committees pursuant to § 7082 of the Consolidated Appropriations Act of 2012."

You can see the full article here:

 And the recent crisis in Cyprus? Banks all over the Western World are about to do the unthinkable, happily help themselves to money in depositors savings accounts, worst case scenarios are up to 80%,  and even attach pension funds in order to prop up a fiat paper money system that is about to crash in on itself because it is backed by thin air. The crash of 2008 will seem mild by comparison and the crash of 1929 will no longer be referred to as an all time marker, but as a precursor.

Alternatively, countries like Russia, China, India and Brazil are going back onto a gold backed currency, are leaving the dollar as an international form of exchange, and this will include the petro dollar, as well as starting their own development bank and little South Africa............ with the small "s" has been invited to join them. The "s" stands for South Africa .......... NOT Suma!

However, the major breaking story after BRICS in the South African press was Zuma and his CAR!  Let me put it this way, Presidents come and go, political parties come and go, the Western backed dollar fiat currency is going, BRICS however will be around for a long time to come. And all South Africans can do is run around like headless chickens yelling.... the Chinese are coming! The Chinese are coming! Catch a wake up! You short sighted, parochial nincompoops!

The benefits to South Africa and this historical event will reverberate throughout the 21st Century.

Here is only one example:

" The South African National Space Agency (Sansa) and the Russian Federal Space Agency (Roscosmos) have signed an agreement that will see the RadioAstron satellite mission collaborating with radio astronomy facilities in Africa, including the planned Square Kilometre Array (SKA)."

So get some chopsticks, enjoy the curry, stock up on Vodka and learn to Lambabda! !!! Here is how :

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

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