Over the years we have discussed and shared research that revealed the policy reforms that have been planned since the 2008 financial crisis. Finally this year of 2015 is a implementation year by the globalists.
With many People talking about “white hats” and the “good guys” (that may or may not show up to stop these destructive globalists) we have always maintained that it is up to a critical mass of awareness and noncompliance that will halt the destruction and nurture the rebirth of freedom & prosperity for the People on Earth.
We have discussed Russia’s development of an independent system of domestic financial clearing, and the inevitable parallel system (BRICS) of the western controlled global monetary system. This infrastructure is expensive and tedious to engineer and install, but when money is not a factor then the will and desire can be nudged very effectively by threat of war and economic sanctions…
Is not this what we are witnessing on the global stage?
- BRICS have their own development bank
- Alternative to the Western controlled SWIFT
- Alternative Internet…
- Reformed global financial system must have redundant and reliable telecom networks for international financial transactions, in other words it must not be exclusively controlled by the western (U.S.) oligarchy…
The so called “Reset” is underway, expect several new services and institutions to be online this year.
Be attentive to meetings and summits (IMF, OPEC, G20, BRICS and others)…~Ron
China and Russia to launch new credit rating agency in 2015
The new Universal Credit Rating Group (UCRG) is being set up to rival the existing agencies Moody’s, S&P and Fitch, and its first rating will be issued this year.
The setting up of UCRG is in its final stages, ready to challenge the ‘Big Three’ that currently dominate the industry, the Managing Director of RusRating Aleksandr Ovchinnikov told Sputnik News Agency on Tuesday.
“In our opinion, the first ratings [will] appear … during the current year,” Ovchinnikov said, adding that accreditation with the local regulator is already underway.
The news comes on the heels of Fitch’s decision to follow S&P in downgrading Russia’s sovereign credit rating to BBB-, a step above junk level and on par with India and Turkey.
The new agency will be based in Hong Kong, and provide a check on the ‘Big Three’, which some analysts say don’t provide an accurate reading of economic situations.
Many securities and bonds in the U.S. that had triple-A ratings in 2008 and were considered ‘safe’, turned out to be a bubble, revealed by the subprime mortgage crisis.
“When the issue of creating an agency alternative to the ‘Big Three’ [Standard & Poor’s, Moody’s, and Fitch Group] was raised, we in fact offered [a] project that was ready to be launched and was supported by the governments of Russia and China,” Ovchinnikov said.
Developed economies are often given a free credit rating pass, whereas developing economies are assigned more risky ratings, the RusRating analyst said.
UCRG was officially created in June 2013 by China’s Dagon, Russia’s RusRating and America’s Egan-Jones Ratings. Each member will hold an equal share in the venture, with an initial investment of $9 million.