Citizens Electoral Council of Australia

Media Release Thursday, 21 August 2014

Craig Isherwood‚ National Secretary
PO Box 376‚ COBURG‚ VIC 3058
Phone: 1800 636 432
Email: cec@cecaust.com.au
Website: http://cec.cecaust.com.au

Australia must break free of London and Wall Street, join the BRICS nations in economic development

The emerging economic power-bloc formed by the BRICS nations of Brazil, Russia, India, China and South Africa is following up its historic, mid-July establishment of an alternative to the World Bank, the New Development Bank, and China’s establishment of an Asia Infrastructure Investment Bank (AIIB), with a flurry of trade deals and development initiatives.

Meanwhile, Australia remains tied to the collapsing free trade financial system enforced by the globalist banking mafia of the City of London and Wall Street.

Worse, we are in the vanguard of the Anglo-American imperial strategy of preserving their hegemony by threatening China and Russia with their policies of ballistic missile defence and regime change.

The BRICS initiatives are making the British and U.S. even more hostile, because they prove that the old, trans-Atlantic financial system is collapsing, and a new system is emerging, whether they like it or not.

The BRICS group is restoring respect for the sovereignty of nations by extending the hand of cooperation for mutual benefit to other nations.

Consequently, City of London and Wall Street efforts to intimidate nations intent upon acting sovereignly are backfiring. Argentina’s fight against the vulture funds has become a catalyst for the new financial architecture. Not only has Argentina refused to be cowed by the threat of external default, other nations across the globe have rallied to Argentina’s defence, knowing they are all in the same boat.

Even as stock markets plunged into the red following the news of a technical default in Argentina, the nation was signing up to new bilateral trade deals with Russia, which portend a massive expansion of its economy.

As for Russia—which the Anglo-American powers have hit with economic sanctions under the pretext of the MH17 disaster that occurred just hours after Russia was instrumental in weakening London and Wall Street by creating the BRICS New Development Bank—it has gone on to forge further new trade agreements with India, Egypt, and Turkey.

Russia has also reached food supply arrangements with Brazil, Uruguay, Chile, Paraguay, Ecuador, Colombia, Peru, Mexico, Sri Lanka, Belarus, Kyrgyzstan, Mauritius, Mozambique, and China.

In moves towards independence from the U.S. dollar, a working group has been set up between the Indian and Russian Central Banks, to develop a mechanism for using national currencies in mutual payments. Likewise there are moves between Brazil and China to pay each other in the real and renminbi. In a 19 July London Telegraph column entitled “The dollar’s 70-year dominance is coming to an end", Liam Halligan noted that the combined economic output of the BRICS economies is now almost level-pegging with that of the U.S. and Europe: “It’s long been obvious the BRICS are coming,” he wrote.

Sovereign credit

The most significant development is the move among these nations to adopt national banking, which will free them from the grip of the private financial interests of London and Wall Street. A leading advisor to Russian President Vladimir Putin, economist Sergei Glazyev, revealed to Bloomberg on 9 August a “plan for fast-track development of the Russian economy on the basis of a new technological order. This plan includes a transition to a sovereign monetary system underpinned by internal sources of credit, an active policy of innovation and support for progress in science and technology.” [Emphasis added.]

Egypt is a perfect case in point for this approach: using funding entirely from within the country, it has embarked on building a “New Suez Canal”, parallel to the first, which will double the existing canal’s shipping capacity. In just twelve days since construction began 8 million cubic metres of earth has been moved. The project is expected to create 1.5 million new jobs, and has the potential to transform the entire region. (Click here to read more.)

Egypt was invited to join the new order being fashioned around the BRICS nations when the Chinese Foreign Minister Wang Yi visited on 3-4 August, and at a two-day summit between Egyptian President Abdel Fattah al-Sisi and Russian President Putin at Sochi 12 August.

It is attracting other nations too: the 10 August Teheran Times asked, “Can Iran Become the Second ‘I’ in BRICS?”

Russia, China and India are extending their development cooperation in regard to high-speed rail, gas pipelines, water infrastructure, nuclear power production and space exploration. This opens up the potential for the greatest energy revolution in human history, as both China and Russia have expressed the intention to develop new fuel sources for fusion power, namely helium-3. Although extremely rare on earth, helium-3 is abundant on the Moon, so while Wall Street stooge Obama is shutting down the U.S. space program, China and Russia are fast-tracking plans for a permanent lunar base to mine the moon. A single space shuttle cargo bay load of helium-3 could power the entire U.S. economy for a year.

These developments are the kernel of a new world economic system based on real value, measured as an increase in the productive powers of labour brought about with new technologies, infrastructure and development, with concrete benefits to the entire population. It is a serious threat to the London-Wall Street casino of fraudulent debt and derivatives paper claims that are currently crushing nations and their people, including Australia, as current Financial System Inquiry chairman David Murray admitted last week when he told a 14 August public hearing that Australia owes London and Wall Street money so we have to do as they say.

Australia must break free of the London-Wall Street nexus and join those nations committed to real economic development!

Click here for a free copy of the CEC’s full-colour New Citizen special report, The Infrastructure Road to Recovery, which details a development blueprint for Australia in water, energy, transportation and space projects that would be an excellent basis for collaboration with the new BRICS economic developments.

If you have already received a free offer, click here to purchase a copy our Infrastructure Road to Recovery special report ($10).

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