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Topic: The BRICS want a new bank.< Next Oldest | Next Newest >
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PostIcon Posted on: Mar. 26 2013, 8:59 am  Skip to the next post in this topic. Ignore posts   QUOTE

It is understandable.


The biggest emerging markets are uniting to tackle under-development and currency volatility with plans to set up institutions that encroach on the roles of the World Bank and International Monetary Fund.
The leaders of the so-called BRICS nations -- Brazil, Russia, India, China and South Africa -- are set to approve the establishment of a new development bank during an annual summit that starts today in the eastern South African city of Durban, officials from all five nations say. They will also discuss pooling foreign-currency reserves to ward off balance of payments or currency crises.

http://www.bloomberg.com/news....mf.html


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Killing one person is murder, killing a 100,000 is foreign policy
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PostIcon Posted on: Mar. 26 2013, 9:06 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

Sounds like they are going to fund it out of their own cash, so what's to stop them?  There's a lot of hurting people in Asia and Africa who need development.  China has been in Africa for quite some time (though mostly in exchange for natural resources).

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PostIcon Posted on: Mar. 26 2013, 9:35 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

Right. And the IMF did a number on Latin American countries in the 70-80's, one reason Hugo Chavez was encouraging the countries in Latin America to pay off their debts to IMF and not do business with them anymore. A big reason why the US considered him a thorn in the side.

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PostIcon Posted on: Mar. 26 2013, 9:51 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

The Russians have such a good record of humanitarian development. I suspect that this group just wants some of the IMF's action, not so much to improve on it.

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PostIcon Posted on: Mar. 26 2013, 10:10 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

Ah, but Russia hasn't masqueraded as the "shinning city on a hill" and the pearl of democracy while performing their dirty little deeds. And they are reforming, a little.

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PostIcon Posted on: Mar. 26 2013, 10:26 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

Nationalism is a powerful influence in Russia, longing for the good old days of being a superpower. Propaganda, whether is in the US or in Russia is for local consumption. Is Putin and indication of reform?

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PostIcon Posted on: Mar. 26 2013, 12:03 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

I feel ambivalent about this.

Yes, I can see why the BRICS now want their own bank so they can dole out goodies and generate influence all their own.

Yes, when different development banks "fight" to lend you money -- poorer countries will likely get more favorable terms -- less strings attached.  This can be a good thing for poorer countries with competent governments.

But for those countries that are already mismanaged -- more loans mean more corruption and ultimately even more misery for the little people.


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PostIcon Posted on: Mar. 26 2013, 12:07 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

Their money, their call.
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PostIcon Posted on: Mar. 26 2013, 12:38 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE


(Ecocentric @ Mar. 26 2013, 10:26 am)
QUOTE
Nationalism is a powerful influence in Russia, longing for the good old days of being a superpower. Propaganda, whether is in the US or in Russia is for local consumption. Is Putin and indication of reform?

I said a "little". And over the past century, that can't really be argued against. In the meantime, ever so slowly as it is, the libertarian ideology isn't growing for nothing in America.

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PostIcon Posted on: Mar. 26 2013, 12:43 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

Actually, I think taking all the good out of left ideology, and all the good out of right ideology (ok, you know what I mean) and the good that can be found in the libertarian ideology, leaving all the bad behind, a man could put together a very attractive governing system. Why hasn't anyone tried that yet? Oh, it just came to me that moment. Maybe because we don't have anything close to a consensus on what all the good would be in those ideologies.

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PostIcon Posted on: Mar. 26 2013, 12:44 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE


(High_Sierra_Fan @ Mar. 26 2013, 12:07 pm)
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Their money, their call.

Very good point. You sure know how to end a debate though!  :)

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PostIcon Posted on: Mar. 26 2013, 12:48 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE


(Montecresto @ Mar. 26 2013, 9:43 am)
QUOTE
Actually, I think taking all the good out of left ideology, and all the good out of right ideology (ok, you know what I mean) and the good that can be found in the libertarian ideology, leaving all the bad behind, a man could put together a very attractive governing system. Why hasn't anyone tried that yet? Oh, it just came to me that moment. Maybe because we don't have anything close to a consensus on what all the good would be in those ideologies.

Regardless of ideology, we humans are at once noble and base creatures.  I think a system that promotes a "safe enough and just enough" society is probably the best.  A glass half full.

Thus far, all systems we humans have created to "bring justice and wealth to all" have failed miserably.  We've tried it using religion, morality, science, fear and control.  All failed miserably.  A glass empty or near empty.


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PostIcon Posted on: Mar. 26 2013, 12:50 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

But I'm as humble as a monk. :) oh, you edited your post, now my comment makes no sense. Did you do that on purpose, you big kidder.

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PostIcon Posted on: Mar. 26 2013, 12:51 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE


(Ben2World @ Mar. 26 2013, 12:48 pm)
QUOTE

(Montecresto @ Mar. 26 2013, 9:43 am)
QUOTE
Actually, I think taking all the good out of left ideology, and all the good out of right ideology (ok, you know what I mean) and the good that can be found in the libertarian ideology, leaving all the bad behind, a man could put together a very attractive governing system. Why hasn't anyone tried that yet? Oh, it just came to me that moment. Maybe because we don't have anything close to a consensus on what all the good would be in those ideologies.

Regardless of ideology, we humans are at once noble and base creatures.

Ill agree with you on that. Lets go have a beer on the veranda, it's 5 o'clock somewhere.


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PostIcon Posted on: Mar. 26 2013, 12:54 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE


(Montecresto @ Mar. 26 2013, 9:51 am)
QUOTE

(Ben2World @ Mar. 26 2013, 12:48 pm)
QUOTE

(Montecresto @ Mar. 26 2013, 9:43 am)
QUOTE
Actually, I think taking all the good out of left ideology, and all the good out of right ideology (ok, you know what I mean) and the good that can be found in the libertarian ideology, leaving all the bad behind, a man could put together a very attractive governing system. Why hasn't anyone tried that yet? Oh, it just came to me that moment. Maybe because we don't have anything close to a consensus on what all the good would be in those ideologies.

Regardless of ideology, we humans are at once noble and base creatures.

Ill agree with you on that. Lets go have a beer on the veranda, it's 5 o'clock somewhere.

If you live in sunny so Cal, sure, a beer will be swell.   :)

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PostIcon Posted on: Mar. 26 2013, 12:55 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE


(Ben2World @ Mar. 26 2013, 12:48 pm)
QUOTE

(Montecresto @ Mar. 26 2013, 9:43 am)
QUOTE
Actually, I think taking all the good out of left ideology, and all the good out of right ideology (ok, you know what I mean) and the good that can be found in the libertarian ideology, leaving all the bad behind, a man could put together a very attractive governing system. Why hasn't anyone tried that yet? Oh, it just came to me that moment. Maybe because we don't have anything close to a consensus on what all the good would be in those ideologies.

Regardless of ideology, we humans are at once noble and base creatures.  I think a system that promotes a "safe enough and just enough" society is probably the best.  A glass half full.

Thus far, all systems we humans have created to "bring justice and wealth to all" have failed miserably.  We've tried it using religion, morality, science, fear and control.  All failed miserably.  A glass empty or near empty.

Well, lets all slice our wrists and burn the house down. Lol. Bring us some hope on your way back by Ben.

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PostIcon Posted on: Mar. 26 2013, 12:57 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE


(Ben2World @ Mar. 26 2013, 12:54 pm)
QUOTE

(Montecresto @ Mar. 26 2013, 9:51 am)
QUOTE

(Ben2World @ Mar. 26 2013, 12:48 pm)
QUOTE

(Montecresto @ Mar. 26 2013, 9:43 am)
QUOTE
Actually, I think taking all the good out of left ideology, and all the good out of right ideology (ok, you know what I mean) and the good that can be found in the libertarian ideology, leaving all the bad behind, a man could put together a very attractive governing system. Why hasn't anyone tried that yet? Oh, it just came to me that moment. Maybe because we don't have anything close to a consensus on what all the good would be in those ideologies.

Regardless of ideology, we humans are at once noble and base creatures.

Ill agree with you on that. Lets go have a beer on the veranda, it's 5 o'clock somewhere.

If you live in sunny so Cal, sure, a beer will be swell.   :)

Oh, you dog. Actually, I'm from a San Diego suburb, so I know what that means.

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PostIcon Posted on: Mar. 26 2013, 1:03 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE


(Montecresto @ Mar. 26 2013, 9:57 am)
QUOTE

(Ben2World @ Mar. 26 2013, 12:54 pm)
QUOTE

(Montecresto @ Mar. 26 2013, 9:51 am)
QUOTE

(Ben2World @ Mar. 26 2013, 12:48 pm)
QUOTE

(Montecresto @ Mar. 26 2013, 9:43 am)
QUOTE
Actually, I think taking all the good out of left ideology, and all the good out of right ideology (ok, you know what I mean) and the good that can be found in the libertarian ideology, leaving all the bad behind, a man could put together a very attractive governing system. Why hasn't anyone tried that yet? Oh, it just came to me that moment. Maybe because we don't have anything close to a consensus on what all the good would be in those ideologies.

Regardless of ideology, we humans are at once noble and base creatures.

Ill agree with you on that. Lets go have a beer on the veranda, it's 5 o'clock somewhere.

If you live in sunny so Cal, sure, a beer will be swell.   :)

Oh, you dog. Actually, I'm from a San Diego suburb, so I know what that means.

We should do a weekend hike or something.  :;):

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PostIcon Posted on: Mar. 26 2013, 1:05 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

Ill try that next time I'm in the sunshine state.

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PostIcon Posted on: Mar. 26 2013, 1:12 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

Ah, I misread.   I thought you live in SD...  :D

BTW, we are The Golden State!  Sunshine state is the swampland way over east.  :;):


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PostIcon Posted on: Mar. 26 2013, 1:16 pm Skip to the previous post in this topic.  Ignore posts   QUOTE

Oh, I know that. But, we hijacked that back when I was a shafer.

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