BRICS’ Influence Grows as Three New Members Join the New Development Bank

Paul Antonopoulos, independent geopolitical analyst

The New Development Bank (NDB) was created by Brazil, Russia, India, China and South Africa (BRICS) in 2015. The BRICS bank, as it is more commonly known, invests mainly in developing economies in areas such as transportation, water and sanitation, clean energy, digital infrastructure, social infrastructure and urban development. On September 2, NDB President Marcos Troyjo announced that the United Arab Emirates, Uruguay and Bangladesh were the first members of the bank’s expansion.

“New members will have in NDB a platform to foster their cooperation in infrastructure and sustainable development,” said NDB President Marcos Troyjo in a statement. “We will continue to expand the bank’s membership in a gradual and balanced manner.”

The UAE, Uruguay and Bangladesh will become fully fledged members once internal processes of the NDB is complete. However, the NDB’s ambitions do not end there, and according to Brazilian newspaper Estadão, a fourth partner, likely from Africa, should be announced by the end of the year. In fact, the Shanghai-based bank anticipates three to four new members per year, reaching up to 20 members in the coming years.

Although BRICS is obviously already represented in South America and South Asia by Brazil and India respectively, the accession of Uruguay and Bangladesh into the NDB allows the bank to act on a regional scale. It also opens the possibility for future membership in BRICS. With NDB members neighboring each other in South America and South Asia, the bank has the possibility to finance binational projects that promotes regional economic and transportation integration.

For his part, Emirati Minister of State for Financial Affairs, Obaid Humaid Al Tayer, said: “The United Arab Emirates membership in the New Development Bank represents a new step to enhance the role of the UAE economy on the global stage, especially in light of the great capabilities and expertise that the country possesses in supporting infrastructure projects and sustainable development. This monumental step would not have been achieved without the vision and direction of the UAE leadership, who believe in the importance of supporting development projects around the world, especially in emerging economies.”

The UAE has undergone a massive transformation in the past quarter of a century, turning desert wastelands into thriving economic hubs and progressing from reactionary Salafi ideology to one of tolerance and open-mindedness. As recently as the beginning of the Syrian War in 2011, the UAE was backing jihadist groups, but in a matter of only a few years reverted from this policy and became far more moderate and independent in their decision making and pursuit of partnerships.

Originally a major oil exporter, and still is, the UAE has now diversified its economy so that it is in line with the UN 2030 agenda to end poverty and hunger, protect human rights and gender equality, and protect the planet from degradation. The UAE has immense resources that can be directed towards projects that are in line with not only the UN’s vision, but also the NDB’s.

BRICS signed an agreement on Tuesday involving 28 projects in the fields of computer programming, technical services, culture, art, economy, commerce, logistics and transportation – with a total value of more than $2.1 billion. The UAE’s contribution to such projects will be fundamental in deciding whether the mega-rich Arab country should ascend into BRICS and not only the NDB.

The selection of the UAE, Uruguay and Bangladesh as the first three non-founding partners of the NDB indicates the intentions of BRICS – regional expansion with a focus on economic and transportation cooperation. This cooperation, as well as integration, is especially crucial as the world struggles to deal with the COVID-19 pandemic and the economic fallout. Because of this, the NDB will likely focus in the short to medium term on the rejuvenation of member countries following the pandemic, particularly in transitioning to a digital economy and green energy.

It was estimated that emerging economies needed about $2 trillion in infrastructure investments per year for the next 20 years to maintain growth rates, however, commercial banks have refused to meet the gap. Essentially, the NDB partly fills the gap that Western financial institutions refuse to do.

By positioning itself to take advantage of a unique opportunity to project a new vision for financing, the NDB is challenging the dominance of Western financial institutions and also progressing the prestige of BRICS in its endeavour to advance a multipolar world order. The accession of the UAE sees one of the Middle East’s most influential countries join the NDB, whilst Uruguay and Bangladesh open the path for regional integration under the context of BRICS, something that has not occurred since the group was established in 2006.

Source: InfoBrics

Former BlackRock Executive Blows the Whistle on Greenwashing

Surprised to read this in Bloomberg:

With so much money flowing into securities deemed compatible with environmental, social and governance standards, the risk of asset managers disingenuously promoting their offerings as being ESG compliant is high and rising. Unfortunately, new European Union rules designed to delineate the industry’s performance will likely lead to more greenwashing, not less.

Last week, Tariq Fancy, the former chief investment officer for sustainable investing at BlackRock Inc., the world’s biggest asset manager overseeing $8.7 trillion, castigated the industry’s duplicity, in an article for USA Today:

“In truth, sustainable investing boils down to little more than marketing hype, PR spin and disingenuous promises from the investment community. Existing mutual funds are cynically rebranded as ‘green’ — with no discernible change to the fund itself or its underlying strategies — simply for the sake of appearances and marketing purposes.”

The numbers back him up. According to data compiled by Morningstar Inc., more than 250 existing European funds changed their investment objectives to adopt an ESG stance last year, with almost all of them rebranding to reflect the purported change. Color me skeptical: With ESG funds pulling in almost 100 billion euros ($120 billion) of new new money in the fourth quarter, which Morningstar reckons was 45% of total fund inflows, the temptation to stick an ESG badge on all funds is proving irresistible. 

Earlier this month, the EU introduced the Sustainable Finance Disclosure Regulation, a suite of rules aimed at policing how the fund management industry deals with the climate emergency. The aim is laudable; but the law of unintended consequences means the attempt at codification is likely to backfire.

The new rules basically create three classifications of European funds. One category — Article 9 in the taxonomy — is designed to encapsulate what are commonly called impact funds, where the objective is to proactively allocate capital to projects such as renewable energy or health care or clean water. Also dubbed “dark green” investments, these comprise the smallest and most intensive category of ESG products.

The second designation — Article 8 — covers the remaining “light green” ESG suite, or funds that have “environmental or social characteristics.” That would cover products that exclude some securities based on their environmental unfriendliness or other criteria deemed unacceptable.

The rest of the fund universe should fall into the Article 6 grade, designed to encompass investments that ignore any and all of the criteria that their ESG brethren take into account when deciding what to buy.

But there’s a problem. In the current investing climate, there’s absolutely no incentive for a salesforce to pitch an Article 6 fund to a customer. Asset allocation committees want to be seen doing the right thing, so any funds that are not explicitly ESG-friendly effectively become market pariahs. This creates a strong temptation to classify all funds under Article 8, even if they’re measured against non-ESG benchmarks and their securities selections don’t take such concerns into account.

David Czupryna, the Paris-based head of ESG development at Candriam, which manages about $143 billion in assets, says that the aim of the three-pronged classification, and the accompanying rules on mandatory disclosures, was to “dissuade would-be half-hearted ESG asset managers from emphasizing sustainability.” By setting a high enough bar for Article 8 and 9 funds, only truly sustainable portfolios would qualify. However, fear of missing out on the cash flowing into green funds can also incentivize playing fast and loose with the rules.

Fancy, the former BlackRock executive, argues that the marketing efforts of the asset management industry are “a placebo” for addressing the climate crisis and shouldn’t replacegovernment action. “A ‘free market’ will not correct itself or fix the problem by its own accord,” he wrote. 

It would be a shame if the EU’s genuine attempt to impose some order on the green funds landscape, which is currently a bit of a Wild West,backfires. But as Huw van Steenis, the chairman of sustainable finance at UBS AG, wrote for Bloomberg Opinion last week, the bloc’s methodology is both too strict and too broad, excluding some investments that should be deemed green as well as firms that are becoming more carbon neutral.

Given that every asset manager claims to have ESG at the heart of their investment process these days, they can claim to qualify as Article 8 under the new taxonomy. People seeking to do no harm with their cash will need to be even more vigilant in ensuring their funds are really as green as they say they are.

The Pope’s New Book Warning of a Great Flood Due to Climate Change – is Propaganda to Support a Great Reset Linked Chesspiece to the Vatican

Source: https://disrn.com/news/pope-francis-warns-of-new-great-flood-due-to-climate-change-in-new-book/amp?__twitter_impression=true

Pope Francis said that a “great flood” mirroring the biblical account in the book of Genesis might come as a result of climate change, according to statements the pontiff made in a book released Tuesday.

“The Bible says that the flood is the result of God’s wrath,” Francis said. “It is a figure of God’s wrath, who according to the Bible has seen too many bad things and decides to obliterate humanity.”

In the book, called “Of Vices and Virtues,” the pope called the biblical flood “a mythical tale” relating to “a rise in temperature and the melting of the glaciers” in the ancient past.

The pope warned that another “great flood” could happen “if we continue along the same path.”

🔦 Francis has made environmentalism a cornerstone of his time as pontiff, previously indicating that COVID-19 is “nature’s response” to climate change, preaching that humans “have sinned against the earth,” and considered adding “ecological sin” to the Catholic Church’s catechism.

END OF ARTICLE/WHICH MISSES THE MARK

Now, here’s the truth:

Amid the Globalist consortium realignment to create a true New World Order, the UN’s 2015 Agenda 2030 incorporated 17 Sustainable Development Goals to overhaul the entire world as we know it – which quietly centers around stripping the basic human volition to carry out their will, to make decisions for themselves, to be granted some semblance of privacy that is plainly right and good.

The World Economic Forum, the author of the Great Reset, partnered with the United Nations in June 2019 to be the agent that would carry out a set of sophisticated initiatives to make Agenda 2030 a reality, by launching the Great Reset amidst the pandemic in June 2020. The 17 Sustainable Development Goals is not a conspiracy theory. There are literally hundreds of the largest corporate entities in the world regurgitating the SDGs in special “Sustainability Reports”. The following is the official signage used to plainly state the 17 SDGs:

Now, this is where the Vatican comes into play. A big part of the Great Reset is this concept of Stakeholder Capitalism. The use of the word “Stakeholder” is meant to include not just shareholders of a corporation, but it’s employees, vendors, creditors, customers, clients, community, etc.

So have a look at the timing of the establishment of the Vatican’s own “Council for Inclusive Capitalism”….the website is here: Council on Inclusive Capitalism with the Vatican

A nifty “About Us” welcome phot, it’s like a movie production, XYZ Films presents, in part with 123 Productions – Star Wars 259 – Return of the White Supremacists…

Incase your wondering that is the Pope front and center – the author of the book mentioned in the above article.

Now take a look at this link to the roster of partnership arrangements made with various global corporations and notice in the grid setup how each entity will service each of the 17 Sustainable Development Goals. Here is the link to the grid:

Commitments

Note how it lists the:

Entity / Priority Areas / Commitment / SDG Addressed

Some entities of note that not only overlap with the Great Reset, but also with other Globalist vampires like:

  • Rockefeller Foundation
  • Mastercard
  • Johnson & Johnson
  • Bank of America
  • BP (British Petroleum)
  • Estée Lauder Companies
  • Office of the California State Treasurer
  • DuPont
  • Ford Foundation
  • Ernst & Young
  • Merck
  • State Street Bank
  • Salesforce
  • Visa, Inc.

All of the aforementioned companies are linked into New World Order / One World Government / One World Currency types of institutions like the United Nations, the International Monetary Fund, the World Bank, the Bank of International Settlements, the Rothschild-inspired international central banking cartel, the Vision 2030 project (which I will be publishing an analysis of soon), etc

In closing, here is the blatant statement revealing who planted the seed: https://www.inclusivecapitalism.com/what-is-inclusive-capitalism/

ASPIRATIONS FOR SYSTEMIC CHANGE

Council members make actionable commitments aligned with the World Economic Forum International Business Council’s Pillars for sustainable value creation—People, Planet, Principles of Governance, and Prosperity—and that advance the United Nations Sustainable Development Goals.

So now Catholicism is one step closer to embracing full-fledged Globohomogayplex unity.

What can be done to even attempt to put a halt to this?