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New York Times Column Lambastes Judge Griesa, Appeals Court and Supreme Court on Incompetent Handling of Argentina Sovereign Bond Case

The New York Times ran a column by Floyd Norris on July 25 in its Business Section entitled “The Muddled Case of Argentine Bonds.” The significance of the article is that the author exposes that, lo and behold! 486 more words

British Financial Empire

There Will be No Catastrophe if Argentina Defaults; It's the Vultures Who Will be Isolated

Several Argentine economists are discussing the fact that, should Argentina default, this will not mean the end of the world. Quite the contrary.

“It’s the vultures who are isolated, from an international standpoint,” said anti-IMF economist Aldo Ferrer. 247 more words

British Financial Empire

Swiss Economist: BRICS Are {Casus Belli} for World War III

Commenting today on the BRICS summit decision, Swiss economist Alfonso Tuor wrote that this is considered a casus belli from the U.S.A. and warned against the threat of world war. 178 more words

Stopping WW III

BRICS Developments, July 23rd, 2014

The Importance of BRICS Bank Is Slowly Sinking In

After a spate of articles trashing the BRICS proposed New Development Bank that appeared in the western press, some pundits have now begun to acknowledge the importance of setting up the bank and trying to figure out why the BRICS chose to do it. 1,877 more words

New Financial Architecture

China and Argentina: A New Global Financial System Is Needed

During his visit Saturday morning to the Argentine Congress, as part of his state visit to the country, Chinese President Xi Jinping told gathered legislators that the relations between the two nations were at a “historic take-off point.” Their’s was not just a bilateral relationship, but a comprehensive strategic one, he said, in which he and Argentine President Cristina Fern├índez de Kirchner share similar views on such crucial issues as reforming the global financial system. 367 more words

National Sovereignty

South Africa Finance Minister Emphasizes Strategic Significance of BRICS Development Bank

Within only hours after his return from the sixth BRICS summit in Brazil, South African Finance Minister Nhlanhla Nene underscored the strategic significance of the BRICS New Development Bank, according to a report in the South African publication… 222 more words

New Financial Architecture