You really have to appreciate Vladimir Putin’s sense of timing. As Argentina is worked over by parasite guild vultures, his dedollarization offensive shifts to Latin America. While Obama flies to Europe for late night dinners with the elites and awaits further instructions from the World Disorder cabal, Putin inks the new BRICS Development Bank deal. In a few years, it will reach a financing capacity of up to $350 billion. There is also the agreement establishing a $100 billion pool of reserve currencies — the Contingent Reserve Arrangement (CRA), competition to the IMF.
Vladimir and Angela hanging out together at the World Cup final in Rio de Janerio. PHOTO: EPA/Alexey Nikolsky/via Telegraph
This is of course a counter thrust against the status-quo international financial system. Putin not only watched the World Cup final in Rio and met with Brazilian President Dilma Rousseff but, more importantly, with German chancellor Angela Merkel. Incidentally, Germany booted out two American spies last week. The key member of Putin’s entourage is Elvira Nabiulin, president of Russia’s Central Bank. Her function: pressing South America that all business with the BRICS should bypass the U.S. dollar.
While he was at it, Putin dropped in on Fidel Castro in Havana and wrote off $36 billion in Cuban debt. Putin met with Uruguay’s President Pepe Mujica — discussing, among other items, the construction of a deep water port.
Xi Jinping is also on tour, visiting, apart from Brazil, Argentina, Cuba and Venezuela. What Beijing is saying (and doing) reinforces Moscow. While Buenos Aires (already mired in recession) fights American vulture funds at the den of financial speculation: parasite guildist New York courthouses, Putin and Xi come offering investment in everything from railways to the energy industry.  The choice is stark: parasite guild financial speculation,  debt slavery and the cabal hegemony or productive capitalism. I strongly suspect Argentina now has alternative financial backing in which it can successfully default on the cabalist’s debt. This would set the stage for others to deal with and escape the hegemonic debt slave trap.
