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Tuesday, June 30, 2015

Late Monday Night Jester Chat: "Distractions"

Jester's Place: 

[Jester] HI GUYS AND GALS... HOPE EVERYONE IS DOING WELL ON THIS FINE EVENING...

[SoldierofChrist] Jester is Jack Lew in greece part of the Big Picture???

[Jester] SoldierofChrist I DO NOT THINK HE IS IN GREECE I THINK HE TALKED TO TSIPRAS ON THE PHONE...

[Jester] BUT... FOLLOWING UP FROM LAST NIGHT... I HAD SOME PRETTY NON-MAINSTREAM THINGS TO SAY ABOUT THE GREECE DEBACLE... NOT THAT ANYONE BELIEVED MY OPINION THAT GREECE IS A SMALL ISSUE OR A DISTRACTION...

BUT INTERESTINGLY ENOUGH ANOTHER POSTED SIMILAR TODAY... LIKE TO SEE THAT? THEN YOU CAN WONDER IF MAYBE I AM RIGHT ABOUT IT?
....
[Jester] USUALLY IT TAKES A FEW DAYS FOR THIS KIND OF INFORMATION TO COME UP AFTER I SAID SOMETHING CRAZY... AND BY THEN EVERYONE FORGOT I SAID IT.... LOL

[Jester] WELL LETS TAKE A LOOK JUST FOR FUN...

[Jester] Gripping Drama: France, Italy to Split Eurozone Not Greece

[Jester] Focusing so intently on the debate of Greek debt is a global error which also seems to be a deliberate one. Whereas, Italy and France are creating a real threat to the stability of the Eurozone, writes Spanish media portal El Economista.

[Jester] THAT FIRST SENTENCE IS THE ONE THAT I FOUND INTERESTING... DELIBERATE...

[Jester] Tension regarding the Greek default is at its highest. Brussels has suggested that Greece cut pensions, raise taxes and tighten its belt to make ends meet.

[Jester] However, Greek Finance Minister Yanis Varoufakis recalled that Greece has made its proposals to creditors, and currently is waiting for the EU to show its "goodwill". He also stressed that the Greek side has already placed all its ideas on the negotiating table and that it is not planning to submit any new offers.

[Jester] As the debate continues, Spanish media outlet El Economista highlights another much more important element in the situation. The constant attention the Greek debt issue has received on a global scale has conveniently hid another major problem in Europe, reports the Spanish portal.

[Jester] DELIBERATELY? HMMM...

[Jester] “Greece is a small country with a population of 10 million. But the attention that has been riveted upon Greece seems like the country is a huge state — the protagonist of a multiethnic territory of over 320 million inhabitants. Focusing so intently on the debate of Greek debt is a global error. It also seems a deliberate one. Italy and France (more than 126 million people) — that's what creates a real threat to the stability of the Eurozone,” El Economista reported.

[SoldierofChrist] Jester wow doesnt get any clearer than that lol

[Jester] This idea was first expressed by Satygitom Das (author of the book ‘Traders, Guns and Money’). Das in his column for the Financial Times remarked, “Italy and France are the creators of the debt avalanche, the mountain looming over the EU. Both countries are characterized by weak progress in the economy, rising unemployment and an increase in the number of poor.”

[Jester] Italy's debt now accounts for 259% of its GDP and France’s is already at 280%, with Italy's budget deficit at 3% and France’s at 4.2%.

[Jester] Moreover, France has not recorded the data of its expenditure and revenue since 1974.

[Jester] SAY WHAT? SERIOUSLY?

[Jester] “The almost indiscernible GDP growth, rapidly progressive impoverishment of the people, the depletion of social funds, lack of competitiveness and a complete inability to carry out the necessary reforms — that list is just a few problems that are present in these two countries today, with no reforms for solving the problem anywhere in sight. It is easier to hide by changing the public's attention to some other object,” El Economista wrote.

[Jester] Greece on the other hand is suffering greatly with the prospect of a default creeping ever closer. But it does appear that Greece is not the reason for the EU’s troubles.

[Jester] READ FOR YOURSELF....  
http://ift.tt/1LGQkE5

[SoldierofChrist] Jester great article

[Jester] SO NOW WHAT DO YOU THINK ABOUT IT? WHILE OTHERS ARE CONTINUING TO DISTRACT YOU... WHAT ARE YOU MISSING?

[SoldierofChrist] Jester now it leaves the question what are they trying to divert the attention from, plan b?

[Jester] SoldierofChrist THEY JUST TOLD YOU IN THAT ARTICLE... THE REAL ISSUE IS NOT GREECE...

[Jester] NOW YOU HAVE SOMETHING BETTER TO WATCH FOR ON THE EURO FRONT...

[Grace2beme] That's what I took from what I read in forum.

[SoldierofChrist] Jester its crazy the difference in news coverage from other countries

[Jester] SoldierofChrist IF YOU ARE STILL WATCHING MAINSTREAM MEDIA YOU ARE ALREADY IN THE TRAP THEY HAVE LAID FOR YOU...

[kirbycat94] Jester Whoever thought we'd be getting truthful news from Russia. Still astonishing

[Jester] LIKE TO SEE SOME MORE DISTRACTION?

[SoldierofChrist] Jester yes please

[Jester] While China's AIIB Makes Headlines...BRICS Bank Moves Ahead

[Jester] While Beijing's Asian Infrastructure Investment Bank (AIIB) has won overwhelming support (to the surprise of many, including China itself), another bank headquartered in China seems to be flying under the world's radar.

[Jester] HMMM... UNDER THE RADAR... MEANING NO ONE IS REPORTING IT... IS EASY ENOUGH TO FIND IF YOU ARE LOOKING...

[Jester] Few people have heard of the BRICS New Development Bank (NDB). This was the strong impression I got after visiting Washington, Sydney and Canberra over the last couple of months.

[Jester] The NDB idea was proposed in 2011 by the Nobel Laureate Joseph Stiglitz, and it initially encountered the same cynicism as the AIIB. The five BRICS countries (Brazil, Russia, India, China, South Africa) were not deterred, however, and finally converted intention into reality in 2014. Progress on the NDB inspired the AIIB initiative intellectually, and also provided some momentum for the AIIB's launch in 2013.

[Jester] ALONG WITH THE US RENEGING ON THE GOLD RE-INSTALLATION PACT WITH 140 OTHER COUNTRIES IN MY OPINION... BUT THAT IS ANOTHER STORY...

[Jester] IN MY OPINION THAT WAS THE START OF PLAN B...

[Jester] The relative lack of attention given to the NDB compared to the AIIB is understandable. Geopolitically, the AIIB is about the China-U.S. relationship, the most important bilateral relationship in the Asia-Pacific and perhaps the world. However, it would be a mistake to assume that the NDB's slower progress is a signal that there is no place for it.

[Jester] The BRICS countries share a common interest in 'rebalancing' the international financial system – getting their money back from the Western banking system to finance their own infrastructure and development, and enhancing the resilience of their financial systems. It is these common interests that drove the NDB project, notwithstanding the fundamental differences between its five members.

[Jester] DANG... WHEN PUT LIKE THAT IT GIVES NEW MEANING TO WHAT IT IS ALL ABOUT...

[Jester] South-South cooperation remains an important step for more balanced global economic development, where the NDB will be relevant. In addition, the NDB can play a role in geographic regions that the AIIB will not focus on, such as Africa.

[Jester] The real issue now is how to make NDB a success. So far, it is moving ahead in stages.

[Jester] Kundapur Vaman Kamath, the most prominent private banker in India, has been nominated as the first president. This is good news, not only because Kamath was considered the least controversial candidate but also because his identity can send a message to the world that the NDB is to be managed as a bank rather than maneuvered as a diplomatic instrument. Russia may want the NDB to serve its geopolitical interests, as indicated by the fact that it has invited Greece to become the sixth member, but this proposal will not be accepted by the other BRICS countries.

[Jester] WHAT?... DID YOU SEE THAT?... GREECE INVITED TO BE THE 6TH MEMBER?... DOES NOT SEEM LIKE IT WILL HAPPEN... BUT... HMMMM.... THE GAME IS AFOOT WATSON!...

[Jester] Undoubtedly the strongest support for the NDB will come from China, despite the fact that it has the same formal decision-making power as the other four BRICS countries.

[TxBikerLady] lol

[Jester] TxBikerLady THAT IS KIND OF FUNNY... BUT RUSSIA SURE SEEMS TO BE CHUMMY WITH GREECE... THAT MUCH IS CERTAIN...

[Jester] Within China, the NDB is seen as one package with the AIIB, and both banks are still at the preparatory stage. The Shanghai municipal government has given strong support to the NDB as the first international organization headquartered in Shanghai and the first international financial organization headquartered in China. The NDB is expected to help strengthen efforts to build up Shanghai as an international financial centre. What the Chinese and Shanghainese governments should provide is more entrepreneurship and intellectual leadership in defining the mandate of the bank. The fact that all the BRICS countries are now founding members of the AIIB could also help the NDB develop a consistent and complementary relationship with that organization.

[diditrvyeet] jester ha that was a good one

[Jester] NOT THE LARGE VENUE I NORMALLY LIKE... BUT THEY SEEM TO BE SAYING IT RIGHT...


http://ift.tt/1ILHdvC

[Jester] ON THE OTHER HAND...

[Jester] Successful Endeavor: BRICS New Development Bank Progress Inspires AIIB

[Jester] The NDB bank is expected to become an alternative to Western-dominated financial institutions, such as the IMF and the World Bank.

[Jester] UT OH... CAN YOU SAY THE IMF MAY BE TRYING TO DO ALL IT CAN TO STAY ALIVE?... EVER HEARD THAT SAID BEFORE?... HMMMM....

[caro] yes

[jojill] Jester yes

[Jester] The BRICS New Development Bank (NDB) idea was proposed in 2011 by the Nobel Laureate Joseph Stiglitz, and despite cynicism in the beginning the five BRICS countries (Brazil, Russia, India, China, and South Africa) were not discouraged.

[Jester] DANG THAT SOUNDS FAMILIAR...

[Hoosier Girl] Yeap

[Jester] While Beijing's Asian Infrastructure Investment Bank (AIIB) has won overwhelming support over time, it was the NDB that served as inspiration to the AIIB initiative, providing momentum for AIIB’s launch in 2013.

[Jester] One of the resolves of the BRICS countries is getting money back from the Western banking system to finance their own infrastructure and development, and enhancing the resilience of their financial systems.

[Jester] DANG THERE THAT IS AGAIN TOO... INTERESTING...

[Jester] The lack of attention given to the NDB compared to the AIIB could be due to the fact that geopolitically AIIB is about the China-US relationship, notes National Interest.

[SoldierofChrist] Jester youve been on point for years,  people need to start listening!!!

[Jester] AND THAT TOO....

[Jester] But for a balanced global economic development, NDB serves as the bank which is set to mobilize resources for infrastructure and sustainable development projects.

[Hoosier Girl] Yeappp

[Jester] The BRICS countries have agreed to establish a $100-billion liquidity reserve to maintain the bank's financial stability. NDB is expected to become an alternative to Western-dominated financial institutions, such as the IMF and the World Bank.

[Jester] Even though within China, the NDB is seen as one package with the AIIB and both banks are still at the foundation stage, the Shanghai municipal government has given strong support to the NDB as the first international organization headquartered in Shanghai and the first international financial organization headquartered in China.

[Jester] AND FROM A LITTLE MORE KNOWN SOURCE...  
http://ift.tt/1ILHeQg
[Jester] SO THERE YOU HAVE SOME THINGS TO THINK ABOUT... WHAT THE DISTRACTION MIGHT BE... YOU HAVE TO WONDER WHY THE MAINSTREAM MEDIA IS NOT RUNNING AROUND IN CIRCLES SCREAMING "OH CRAP WE ARE ALL GONNA DIE" INSTEAD OF THE STUPID STUFF THEY ARE FEEDING THE SHEEPLE...

[SoldierofChrist] Jester what the heck do they have to gain with their distractions they are on the same boat SMH

[Jester] SoldierofChrist THEY DO NOT KNOW THAT... THEY DO NOT GET IT... THEY ARE FED WHAT TO SAY AND THE STUFF THAT GETS PRINTED IS CENSORED...

[Jester] IF THE PTB DO NOT LIKE IT TO BE PRINTED IT GETS CUT ON THE EDITING ROOM FLOOR...

[diditrvyeet] that still shocks me

[Hoosier Girl] Always look to see what the other hand is doing....

[SoldierofChrist] Jester true, I pray God's mercy because its not going to be pretty

[Hurry Up and Wait] Jester I did not see anything about the US. Nothing positive at all. The future may not be so bright

[Jester] Hurry Up and Wait I BEEN TRYING TO TELL YOU THAT FOR SOME TIME NOW...

[Jester] SEE THIS IS WHERE I FEAR I AM NOT GETTING THROUGH... BECAUSE I HAVE BEEN SAYING THAT FOR... HMMM... ABOUT 2 YEARS...

[SoldierofChrist] Jester close to 3 years

[Jester] SoldierofChrist WELL FOR A WHILE I THOUGHT SOMEONE WAS GOING TO COME AND MAGICALLY TAKE IT ALL BACK AND SAVE US FROM OURSELVES... NOT SO SURE ANY MORE...

[Jester] IF THEY HAD HAD THE POWER TO DO SO I BELIEVE THE 2013 GOLD STANDARD RE-INSTALLATION PACT WOULD HAVE BEEN DONE AND WE WOULD ALL HAVE ALREADY BEEN ON OUR WAY...

[Jester] NOW THAT IT IS CLEAR THAT THE US IS NOT INTENT ON TAKING ANY ROLE IN THE FUTURE OF THE WORLD UNLESS THEY ARE RUNNING THE SHOW... I AM STARTING TO CONSIDER THE FACT THAT THE ISOLATION WE WILL HAVE IS THE COURSE THEY HAVE CHOSEN...

[Hurry Up and Wait] Jester You told all of us a while back to start to prepare and start stocking up on supplies

[Jester] Hurry Up and Wait YES THAT IS TRUE...

[Jester] I'LL SEE YOU ALL TOMORROW...

[Jester] NIGHT NIGHT...



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