Mr Virtue: Did someone say ReSet? ZH gives the indication?
Top CEO Warns Of Global Reset: "It's In The Cards For Sure... It Could Happen This Year"
Submitted by Tyler Durden on 06/24/2015 19:00 -0400on 06/24/2015 19:00 -0400
Iko Ward : forex normal. ISX gained again to 1012.77, still scrolling news of companies international crossover. Everybody have a good day and pray the Greeks dont screw us up.
BCgirl : And the game continues... :) #BreakingNews EU Official: Eurogroup may reconvene once Greece proposal is received.
BCgirl:: EU source says eurozone summit possible tonight at approx midnight to tackle #greekcrisis #greece
Littleman: France got Hungary so they cooked Turkey in Greece and served it on China. That's why this hasn't RV'd yet. RV!
Shybaby: Will Greece Exit from the Eurozone ? ; will the snowball effect finally show.... " THE BIG PICTURE ".... welcome Global Reset !... come RV, please stand by....
THE GREEK IMPLOSION ! " no reason it can't happen elsewhere or even here "... Dr Richard Wolff..Prof of Economics
The Big Picture RT Published on Jun 24, 2015
Economist Dr. Richard Wolff, Democracy At Work joins Thom. Years of austerity has turned Greece and it’s economy into a disaster zone with unemployment at record highs. So why are countries like Germany pushing for Greece to make even MORE cuts in exchange for a new bailout?
OK Rocks: June 25 -- Greece failed to reach agreement with its creditors ahead of Eurogroup, which meets later this afternoon in Brussels.. A two-day summit begins in Brussels as Greece moves nearer to the June 30th expiration of the euro area bailout.
OK Rocks :Yannis Koutsomitis @YanniKouts 20m20 minutes ago #Germany's Merkel told EU party leaders there must be deal on #Greece before markets open on Monday: participants https://storify.com/yannikouts/greek-crisis-eurozone-summit
NONO: guys, its clear - a lot of what is being reported in MSM about Greece is important, but I submit to you that they know this is a done deal already... more slight of hand, while other facets of the GCR are rolled out behind the scenes.
There is just too much at stake on a global scale to not get a deal done... we know whats happening - to a point - so getting a deal done is, IMVHO - is not a question of IF, its a matter of how they want the deal and its details to be publicized to help explain the windfall nations (Greece included), will suddenly be flush with cash...
Heres the thing, with so many necessary adjustments to the current global economic landscape, its logical that things WILL get done... remember, this IS THE LARGEST FINANCIAL TRANSACTION in our history... does it not make sense that the readjustments to trade, tariffs, taxes, resources, commodities, etc., I mean the entire gambit of global trade have to be worked out, or at this point,
I submit not only are they worked out, we're watching them being implemented...
Topic: What you do today can improve all your tomorrows. Ralph Marston
[michigander0131] Cabinet approves Iraq's accession to the Asian Investment Bank 6.23.2015 Long-Presse / Baghdad Iraqi National Business Council revealed on Tuesday for approval of the Cabinet on the proposal of Iraq's accession to the Asian Investment Bank, while pointing out that the Prime Minister Haider al-Abadi face of the concerned authorities to monitor this issue. LINK
Walkingstick » June 25th, 2015, 10:49 am
57 countries to sign China-led Bank charter on Monday
June 25, 2015, 12:24 pm
57 founding members, many of them prominent US allies, will sign into creation the China-led Asian Infrastructure Investment Bank on Monday, the first major global financial instrument independent from the Bretton Woods system.
Representatives of the countries will meet in Beijing on Monday to sign an agreement of the bank, the Chinese Foreign Ministry said on Thursday. All the five BRICS countries are also joining the new infrastructure investment bank.
The agreement on the $100 billion AIIB will then have to be ratified by the parliaments of the founding members, Chinese Foreign Ministry spokesman Lu Kang said at a daily press briefing in Beijing.
The AIIB is also the first major multilateral development bank in a generation that provides an avenue for China to strengthen its presence in the world’s fastest-growing region.
The US and Japan have not applied for the membership in the AIIB.
However, despite US pressures on its allies not to join the bank, Britain, France, Germany, Italy among others have signed on as founding members of the China-led Bank.
Meanwhile, New Zealand and Australia have already announced that they will invest $87.27 million and $718 million respectively as paid-in capital to the AIIB.
The new lender will finance infrastructure projects like the construction of roads, railways, and airports in the Asia-Pacific Region.
Chinese President Xi Jinping will meet with heads of delegations from the prospective founding countries on Monday, the Ministry said.
The AIIB will have an authorized capital of $100 billion and the initial subscribed capital is expected to be around $50 billion.
The bank, which will be headquartered in Beijing, is expected to be officially established at the end of 2015.
Developing Asia needs to spend $8 trillion between 2010 and 2020 on national infrastructure, according to an estimate by the Asian Development Bank (ADB).
The ADB is dominated by Japan and the US.
The BRICS New Development Bank and the Asian Infrastructure Investment Bank (AIIB) are both seen as alternatives to US – led institutions like the ADB and the World Bank.
China, with $4 trillion in foreign exchange reserves, is pushing for the growth of its own multilateral bodies, including the AIIB, the BRICS Bank and a bank for the Shanghai Cooperation Organization, but also seeking to strengthen its voice at the World Bank and the International Monetary Fund.