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China plans investment bank to break World Bank dominance
June 26, 2014
Quote:
China is moving forward with a plan to create its own version of the World Bank, which will rival institutions that are under the sway of the US and the West. The bank will start with $100 billion in capital.
The Asian Infrastructure Investment Bank (AIIB) will extend China’s financial reach and compete not only with the World Bank, but also with the Asian Development Bank, which is heavily dominated by Japan. The $100 billion in capital is double that originally proposed, the Financial Times (FT) reported.
A member of the World Bank, China has less voting power than countries like the US, Japan, and the UK. It is in the ‘Category II’ voting bloc, giving it less of a voice. In the Asian Development Bank, China only holds a 5.5 percent share, compared to America’s 15.7 percent share and Japan’s 15.6 share.
At the International Monetary Fund, China pays a 4 percent quota, whereas the US pays nearly 18 percent, and therefore has more influence within the organization and where loans go.
“China feels it can’t get anything done in the World Bank or the IMF so it wants to set up its own World Bank that it can control itself,” the FT quoted a source close to discussions as saying.
To date, 22 countries have expressed interest in the project, including oil-rich Middle Eastern nations, the US, India, Europe, and even Japan, the FT reported.
“There is a lot of interest from across Asia but China is going to go ahead with this even if nobody else joins it,” the FT source said.
Funding for the Asian Infrastructure Investment Bank will mostly be sourced from the People’s Republic of China and be used to pay for infrastructure projects.
The bank’s first project will be a reincarnation of the ancient Silk Road, the vast network of trade routes between China and its regional neighbors. Another proposed project is a railway from Beijing to Baghdad.
The idea for the bank was first floated in October 2013, when China unveiled plans to create the bank. Then it was initially to be funded with $50 billion in capital.
Separately, the BRICS nations plan to have a $100 billion development bank ready by 2015.
Funds will be reserved for emerging market members who are often bypassed by institutions like the IMF and World Bank.
Bank preparations will likely be finalized at the 6th annual BRICS summit on July 14-16, when the five world leaders convene in Brazil.
Blessings
Re: A new Global Economic Restructure in 2012
[Re: Elle]
#166733 07/09/1402:23 PM07/09/1402:23 PM
Everyone in the world knows the famous Trans-Siberian Railroad (Trans-Sib), built in the 19th century and connecting Europe through the expanse of Siberia, along the southern shore of Lake Baikal, to the Pacific Ocean and China.
But few abroad know about another, equally famous in Russia, railroad called the simple abbreviation, BAM. BAM means Baikal-Amur Railway, or in Russian: <<word in Russian char.>>
It is also called Baikal–Amur Mainline. “The Baikal–Amur Mainline is a 1,520 mm broad gauge railway line in Russia. Traversing Eastern Siberia and the Russian Far East, the 4,324 km long BAM runs about 610 to 770 km north of and parallel to the Trans-Siberian railway.” Wikipedia
The construction of BAM began 40 years ago today, July 8. It was dubbed the ‘construction of the century.’ Many young enthusiastic people moved to Siberia to build this railroad. The excitement was tremendous, reminiscent of the earlier Soviet industrialization years. The young people formed many of the so-called ‘stroy otriad,’ which means a ‘construction band’ as in ‘a band of brothers and sisters,’ and would go together to the cold Siberia. After they had completed the construction, they would often stay there, start a family and man the railroad they had helped build.
...
In the 19th century, the Russian Empire had plans to build the railroad covering the northern part of Lake Baikal and Eastern Siberia and running parallel to the Trans-Siberian. This was a super-ambitious project as such railroad would go through the wild permafrost lands that no man had ever traversed. The project never materialized.
Only in the second part of the 20th century USSR dared it again. On July 8, 1974 the very first rail was set into Siberian permafrost, and BAM was born. Baikal-Amur Railroad went parallel to the Trans-Siberian, but much further north, by the northern shore of Lake Baikal and further into the Far East, towards the Amur River.
BAM was finished before 1991. At that point, USSR collapsed and the new rulers decided BAM was a waste of time and money. The ambitious project was criticized and maligned. BAM was neglected and its enthusiastic, but aging population was forgotten.
However, the times have changed. On July 8, 2014 Russia has celebrated the 40th anniversary of the beginning of the famous construction by starting a new, even more ambitious, line of the BAM railroad.
Vladimir Putin has announced that Russia will spend over $150 bln in order to add another 7,000 kilometers of rails to BAM by 2030. This will complete the railway coverage of the entire Far East. The money for the new mega-project comes out of the Russian reserve fund (specifically, the Russian Commonwealth Fund), which until recently Russia invested in the US Treasuries.
This effectively signals 3 very important things:
1. Russia’s ambitions are back - this is the signal that the country expects growth and robust development.
2. Russia is confirming its Asia pivot – as I’ve been predicting since February 2014. BAM connects Trans-Siberian and Baikal with the Far East/Pacific Ocean and various points in Asia and Siberia. This includes the resource-rich points of the north, as well as potential hard-to-reach tourist destinations.
3. Russia re-affirms that it will stop the silly practice of financing US dollar (which is a form of economic slavery) and will instead use its hard-earned reserves to finance projects inside the country. Finally – it’s about time!
This is a massive shift, and yet another confirmation that the US dollar is approaching its point of no return!
Brazil, which will be hosting the 6th BRICS Summit from the 14th-16th July, has said the much-awaited BRICS bank will start lending within 1-2 years from now.
“The BRICS bank should become operational within 1 or 2 years, depending on the legislative approval process,” said Flávio Soares Damico, Director of the Interregional Mechanisms at the Ministry of External Relations on Friday.
Developing nations have long complained that the World Bank and International Monetary Fund are failing to address underdevelopment and Western nations have too much say over the management of these institutions.
All the BRICS nations apart from Brazil have bid to host the new Bank. The five countries are negotiating to fund the $100 billion development effort equally.
The influence of these emerging economies in the global financial architecture as well as global politics is growing.
The five BRICS countries represent almost three billion people, with a combined nominal GDP of $16 trillion and an estimated $4 trillion in combined foreign reserves.
“We had a big jump in participation of BRICS in global exports, currently reaches more than 17%,” Damico told TV Nacional Brasil.
The BRICS foreign Ministers met in the Hague earlier this year to discuss economic ties as well as the Ukraine crisis. BRICS slammed recent attempts to isolate Russian President Vladimir Putin or to place any restrictions on his participation at the G-20 summit in Australia later this year.
Chinese Foreign Minister Wang Yi said the BRICS summit in Brazil should focus on promoting two major projects — the development bank and an emergency reserve — and sending out signals of confidence, unity and cooperation.
Meanwhile, according to Ambassador Graça Lima, Under-Secretary-General for Political Affairs at the Ministry of External Relations, one of the goals of the 6th BRICS Summit will highlight the role that the five countries have played in achieving the “Millennium Goals”, “both in their countries as in others, either through economic growth itself, or by means of inclusive social policies implemented by their governments.”
As part of a BRICS outreach strategy to emerging economies, a working session will be held on 16th July between the heads of states of BRICS and their counterparts from the governments of South American nations. Argentina had expressed interest in joining the powerful bloc, although BRICS have ruled out expansion of the group for now.
Blessings
Re: A new Global Economic Restructure in 2012
[Re: Elle]
#166767 07/12/1407:40 AM07/12/1407:40 AM
The country that bombs into oblivion whoever gets in its way – like #Afghanistan, #Iraq, #Serbia, #Libya, #Vietnam, #Korea, #Japan (with nukes); the country that spies on its friends, such as the newest in a barrage of NSA/CIA scandals of the US spying on Germany; the country that manipulates the whole world into submission with sanctions and threats?
OR: The country that comes in peace and helps develop infrastructure, trade and mutually beneficial relations; the country that doesn’t start wars and works tirelessly to preserve peace for all, despite desperate attempts of some to start WWIII?
...
During the Cuban stop by Putin, Russia will write off 90% of Cuban debt, or $32bln of the total of $35bln. This is huge for a small, poor country like #Cuba. The rest of the debt will be invested in Cuban economy, which will give it a much-needed boost.
After this, Vladimir Putin will visit #Argentina where he’ll sign energy-related and trade expansion deals. Next is #Brazil, where he’ll watch the World Cup final, participate in the #BRICSbank creation, and discuss the information and security deals between Russia and Brazil with President Dilma #Rousseff. Rousseff joins the long list of heads of state-victims of the NSA wiretapping. In Brazil, Putin will also meet with a number of other Latin American heads of state to discuss various energy and investment deals.
Russia on the move!
The worldwide revolt against USA – the empire gone berserk – is mounting. USA, with its idiotic, arrogant, and belligerent policies, has angered pretty much everyone on the face of the Earth, and beyond. USA not only bombs anyone they don’t like into oblivion, it not only tries to strangle economies of countries it wants weakened or intimidated, but it spies even on staunch allies like Germany.
In Europe: #NSA spying on #Merkel and every German, plus the latest two German #CIA spy scandals, are just a tip of the iceberg. US has many more ‘assets’ in #Germany, and Germans are naive if they think they are in the clear. Outraged Germans announced that they will lift a ban on spying on Americans. Can you believe it – they actually had such a ban! Talk about one-way street!
With one stroke USA just destroyed BNP #Paribas, the leading bank of another European ally, #France. All because France refused to destroy its economy and business credibility by forfeiting its scheduled 2 Mistral carriers delivery to Russia (as USA demanded), and the Russia-France banking deal that was in the works for years. US fined BNP Paribas $10bln for violating US sanctions regime against Russia, which essentially bankrupted the bank. In addition, US blocked France’s ability to use the international dollar exchange mechanism. In response to all that, the outraged France Finance Minister announced that his country will be seeking to trade outside of the US dollar, and will do everything to convince its partners in the EU to do the same.
In Russia, Siberia, Asia: Putin just announced that Russia would be investing $150bln in the ambitious construction of the new leg of the Baikal-Amur Railroad (BAM), taking this money off the table for US Treasury investment.
... After US attempted to impose sanctions on Russia, Russia sold off most of its US Treasuries, which prompted the Belgian bond scandal. Pretty much everyone misinterpreted what happened when suddenly small #Belgium “purchased” US Treasuries for the amount that was bigger than its GDP. I solved the mystery and will have an article about that very soon, so stay tuned.
Putin also made a very successful pitch at the Bali Investment Conference, where he invited #Japan and #China to invest in the infrastructure development in #Siberia and the Far East. The interest is HUGE and Russia expects lots of money flowing in from China and Japan via Russia Direct Investment Fund.
And back to Europe. South Stream : Russia just signed a deal with #Austria regarding the #SouthStream gas pipeline construction. #Hungary and #Italy reconfirmed their commitment to South Stream. This comes on the heals of “uncle” #McCain twisting poor #Bulgaria’s arm to say ‘no’ to South Stream going through Bulgarian territory, thus shooting itself in the foot. More about that here: ‘Gave Americans a Blow Job For Nothing?’ Polish FM Sikorski Leaked Tape Scandal.
But wait, seeing that everyone’s signing up for South Stream, Bulgaria has already managed to do a 180 degree flip! Now Bulgaria swears that they didn’t mean they didn’t want South Stream – turns out they meant they needed to consult with the EU to make sure everything was legal. And this is precisely why they needed to talk to US senator and the world’s biggest Russia-hater McCain, undoubtedly because he is the best expert on EU policy. Grotesque? Pitiful? All the above!
Russian FM #Lavrov just met with his counterpart in #Slovenia to sign the South Stream deal. Slovenian FM admitted that US put pressure on Slovenia not to sign the South Stream deal. US ambassador to Ljubljana even pressured Slovenian leadership not to receive Lavrov at all! This is the first admission of US pressure by a EU official. Despite that, #Slovenia signed up for South Stream. The neighboring #Serbia has already signed the 2.1 bln euro deal for building South Stream on its territory.
South Stream gas pipeline, designed to bypass #Ukraine, will take the capacity to blackmail Russia and EU away from the Kiev US stooges. It will increase the diversification and security of gas transit to Europe.
Gas transit/Russia/Ukraine Prediction: I said this before and I will reiterate: Russia will eventually phase out Ukraine as a transit artery for Russian gas to Europe. Ukraine proved to be an extremely unreliable transit country, prone to the outside manipulation, violence and outright theft. It will be a matter of time. After Ukraine no longer is a meaningful transit country, US/Kiev/EU will not have as much capacity to blackmail Russia on the gas front. At that point Ukraine will become uninteresting to the US and it will be simply abandoned like a used-up lemon. What the West is trying to achieve before they abandon Ukraine is destroy its economy. They are partially succeeding. How far they will get in the Ukraine economy destruction depends on how quickly Ukrainians wake up to the fact that they are being raped.
...
Vladimir Putin’s trip to Latin America is very meaningful. He will meet with different leaders to discuss bilateral trade outside of the dollar system; creation and financing of the BRICS Bank to be juxtaposed to the rotten #IMF and World Bank system; energy and security projects; oil and gas field development.
To say that Putin’s visit to Latin America has to do with the blatant US meddling in Ukraine, is to say nothing. Cubans, Venezuelans, Argentinians, Bolivians and other Latin Americans are so fed up with the US always IMPOSING something on them that they had been begging Russia for years to have tighter ties with them. Russia finally decided to take decisive steps to properly diversify its huge currency reserves away from the dying dollar. Russian currency reserves are around $450-500 bln. This is the third largest currency reserve in the world.
Instead of buying worthless US dollars or euros, investing these in the infrastructure projects inside the country, as well as in various infrastructure, development and natural resource projects in Latin America, Europe and Asia is THE WISE thing to do.
Russia is also considering reviving its military bases in Cuba, and that’s 100 miles from the US shore. Russia abandoned her bases pretty much everywhere in the world after Gorbachev came to power, but the US shameless interference in Ukraine and persistent attempts to drag #Georgia, #Moldova, and now Ukraine, into #NATO prompt Russia to rebuild her defenses against the super-bully of the world.
I am looking forward to seeing how Americans will enjoy having Russian military bases within 100 miles of their shores. Rest assured that Cuba isn’t the only country that would love to host Russian bases: #Venezuela, Argentina, #Bolivia and #Nicaragua all have issued a standing invitation.
Predictions
I - Russia is giving an example of how to conduct her global affairs peacefully and cooperatively. But I seriously wouldn’t recommend the US and EU to continue stepping on Russia’s toes. The result is always the same: every aggression against Russia turns into a humiliating defeat and long-term disaster for the aggressor (think German aggression in 1941; think Napoleon aggression in 1812). I have to say the US is legendary for its survival instinct. This is precisely why they will never dare attack Russia directly. This is precisely why they always use proxies to do the dirty job for them. But someone who betrayed once, will betray again. US proxies eventually turn against them: think US-trained/financed Al-Qaeda & Taliban. And this is what will eventually happen with Ukraine and various US allies in the EU.
II - Expect Russia to create a new investment and business climate both inside the country and abroad, which will eventually result in a global shift of how things are done internationally. China is also working on same. COOPERATION, as opposed to confrontaion, is the word that comes to mind.
#BRICS will slowly but surely fully develop the BRICS Bank, which will create a much more humane and forward-looking alternative to the existing rotten IMF/World Bank system.
The crumbling US dollar system will continue being undermined both inside and out by the idiotic actions of the US, and by the fed-up population of our planet that is gradually rebelling against the dollar slavery.
III - All of the above mega deals and projects will be financed outside of the dollar. This effectively means that less and less money will be fed to the US Treasuries, thus undermining the fake financial backbone of the US empire. These moves will gradually take away the US dollar status as reserve currency."
Blessings
Re: A new Global Economic Restructure in 2012
[Re: Elle]
#166768 07/12/1408:14 AM07/12/1408:14 AM
"The French government wants to break the monopoly the dollar has on international transactions after the country’s largest bank, BNP Paribas, was slapped with a record $9 billion fine and a 1-year dollar trading ban.
Michel Sapin, the French finance minister, called for a “rebalancing” of the currencies used for global payments, saying the BNP Paribas case should “make us realize the necessity of using a variety of currencies” the Financial Times reports.
“We [Europeans] are selling to ourselves in dollars, for instance when we sell planes. Is that necessary? I don’t think so. I think a rebalancing is possible and necessary, not just regarding the euro, but also for the big currencies of the emerging countries, which account for more and more of global trade,” the finance minister told the FT at a conference over the weekend.
France wants to bring the euro to greater prominence in international trade. Sapin said he would raise the idea on Monday when he meets in Brussels with eurozone finance ministers.
BNP was punished for helping counties like Iran, Sudan, and Cuba process $30 billion in transactions which are illegal under US law, since they violate US sanctions. Starting on January 1, 2015, the bank will not be able to carry out dollar-based transactions for one year.
The French government has called the fine and 1-year ban unreasonable and unfair, as it blocks the country’s largest bank from handling dollars, which is the dominant currency in global trade. Nearly 90 percent of all deals in the $5 trillion a day foreign exchange market includes the US dollar.
Heavy-handed sanctions from the US and Europe have forced countries to also look towards other currency options. Russia, for example, is actively working to de-dollarize, and is starting to use the Chinese yuan and other Asian currencies in trading.
Dollars dominate most oil and gas pricing, another cycle France hopes to break.
Christophe de Margerie, the CEO of Total, France’s largest company, says other currencies can be used in oil purchases, even if the benchmark is left in dollars.
“The price of a barrel of oil is quoted in dollars,” de Margerie said. “A refinery can take that price and using the euro-dollar exchange rate on any given day, agree to make the payment in euro.”
The US and OPEC countries have traded oil exclusively in US dollars since 1971."
Blessings
Re: A new Global Economic Restructure in 2012
[Re: Elle]
#166769 07/12/1408:29 AM07/12/1408:29 AM
My comments: We are seeing the countries dissociating themselves with Mystery Babylon. France and Germany were major allies of Mystery Babylon and seeing them uniting with the "Kings of the Easts" shows that the EU will shortly collapse. Re 16:12 . And the sixth angel poured out his vial upon the great river Euphrates; and the water thereof was dried up, that the way of the kings of the eastmight be prepared.
It was the King of the East that overthrew Old Babylon. Rev 16 shows that the Type will repeat again. Russia and China are the Kings of the East of today currently overthrowing Mystery Babylon.
US Set To Alienate Angry Germany Next, As Crackdown Shifts From BNP To Commerzbank, Deutsche Bank Tuesday,
"As we reported over the weekend in "By "Punishing" France, The US Just Accelerated The Demise Of The Dollar", following the record $9 billion fine against French BNP, the outcry has been fast and furious, with virtually everyone in the local chain of command, from Total CEO to the head of the Bank of France (and ECB member) Christian Noyer, all saying that the US is now clearly abusing the reserve power of the dollar and it is time to move away from a dollar-based reserve currency (how that jives with concurrent French demands for a lower EUR is a different, incomprehensible matter entirely).
It appears that having pushed France forcefully into the Russia-China Eurasian, and anti-US camp, the US will now do the same with Germany. Because after infuriating the German population by first refusing to return their gold contained (the legend goes) at the New York Fed, and then with scandal after spying scandal, most recently involving the CIA directly soliciting a German double agent, now the time has come to "punish" Germany's largest banks for the same kind of money laundering that BNP was engaged in. As the NYT and Reuters report, the time has come to shift away from the BNP scandal and focus on what will soon be the Commerzbank and Deutsche Bank fallout.
According to the NYT, the money laundering crackdown is "bound for another European financial center: Germany. State and federal authorities have begun settlement talks with Commerzbank, Germany’s second-largest lender, over the bank’s dealings with Iran and other countries blacklisted by the United States, according to people briefed on the matter. The bank, which is suspected of transferring money through its American operations on behalf of companies in Iran and Sudan, could strike a settlement deal with the state and federal authorities as soon as this summer, said the people briefed on the matter, who were not authorized to speak publicly.
The contours of a settlement, which the authorities have only begun to sketch out, are expected to include at least $500 million in penalties for Commerzbank, the people added. Although prosecutors were still weighing punishments, the people briefed on the matter said that the bank would most likely face a so-called deferred prosecution agreement, which would suspend criminal charges in exchange for the financial penalty and other concessions.
It's not just Commerzbank - a settlement with the smaller bank will merely pave the way for the punishment of the biggest bank of all (in terms of groiss derivative notional held): Deutsche Bank.
A potential deal with Commerzbank — which is expected to pave the way for a separate settlement with Deutsche Bank, Germany’s largest bank — would pale in comparison to the case announced last week against France’s biggest bank, BNP Paribas. The French bank agreed to pay a record $8.9 billion penalty and plead guilty to criminal charges for processing transactions on behalf of Sudan and other countries that America has hit with sanctions, a rare criminal action against a financial giant.
As NYT adds, correctly, "The Commerzbank investigation features an added twist: The bank is 17 percent owned by the German government. It is unclear whether — as in the BNP case, which led French authorities to intervene on the bank’s behalf — the settlement talks could inflame diplomatic tensions between Washington and Berlin."
Of course, since this is the ridiculous "scorched earth" diplomatic policy, if one may call it that, of the Obama administration, nobody is surprised any more that the US president is alienating one former ally after another.
As we first observed a few weeks ago when we revealed JPM's involvement in all of this money laundering, "some critics have questioned why American authorities have set their eye on European banks. The answer, authorities say, is that American banks by and large avoided processing transactions for Iran and Sudan. But American banks are not immune from touching dirty money. Citigroup’s Banamex unit is under investigation for processing money linked to a drug cartel. And in January, JPMorgan Chase reached a roughly $2 billion deal with the authorities over ignoring signs of the Ponzi scheme orchestrated by Bernard L. Madoff, who held accounts at the bank for over two decades."
Not only that but as we wrote over the weekend, the bank that was instrumental in facilitating BNP's money laundering for nearly a decade was none other than JPM. One wonders if JPM also "unwittingly" was the bank that made German money laundering around the globe possible. Did we mention unwittingly?
Still, while one can debate the idiocy of US foreign policy, eager to push European allies into the willing hands of Russia and China at the worst possible moment, when regional and civil wars and conflicts are suddenly breaking out across all key geopolitical hotspots, one wonders: in the case of BNP, the "fine" was as a result of French unwillingness to halt the Russian amphibious warship deal despite US demands. So it would be curious just what the US blackmail against German banks is for: one really does wonder just what punishment Angela Merkel deserves behind the scenes in the eyes of John Kerry et clueless al, to punish her and Germany so blatantly for the entire world to see.
One thing is clear: if the US thinks that Germany will continue to consider America its BFF and make zero contingency plans for when the alliance with the US finally crashes and burns, it will be truly surprised when the Eurasian alliance of Russia and China finally announces its final, all."
Blessings
Re: A new Global Economic Restructure in 2012
[Re: Elle]
#166814 07/14/1401:29 PM07/14/1401:29 PM
Tx for sharing. Yes I've heard about that and even saw pictures of those huge monster machines that makes those underground tunnels. I don't know if its true as there's much disinformation around but I wouldn't be surprise it is. As far as I heard, these are completed and ready to be inhabitated. Too bad they won't get to live there and most likely will end up living at the FEMA camps.
The Elite's plans to hide there(or elsewhere) after they succeeded to get the world into a Worldwide nuclear war to destroy 90% of the population. But their plan has been gradually known this past decade or so to the leaders of the countries(over 140) and have been withdrawing their support and not biting anymore to Mystery Babylon's false flag war propaganda and provocations.
Seeing France and Germany dissociating themselves with Mystery Babylon is pretty major exciting news. Now only a handful of European countries and Canada are next to follow. Afterwards the US will be all alone with the Elites. Can't have much of a one world Order with one country.
It's really over for Mystery Babylon as no one is being controled by them anymore as their little secret of operating whithin the countries shaddow governments and other manipulations are not secret anymore.
We'll soon see more progress and what the Lord will work out next.
Blessings
Re: A new Global Economic Restructure in 2012
[Re: kland]
#166830 07/15/1412:31 AM07/15/1412:31 AM
Understanding the Federal Reserve is key to understanding how they(Mystery Babylon) have succeeded to enslave the whole world. Them printing, lending, and controling the currencies of the world via the Federal Reserve is the life stream of Mystery Babylon's blood. Notice how the word "currency" adjectif is current like a water current.
Quote:
currency (n.) 1650s, "condition of flowing," from Latin currens, present participle of currere "to run" (see current (adj.)); the sense of a flow or course extended 1699 (by John Locke) to "circulation of money."
Old Babylon was concquered by Cyrus the King of Persia. Isaiah prophesied 200 years before hand the way in which Babylon was captured. Isaiah 44:27 says,
27 “It is I who says to the depth of the sea, ‘Be dried up!’ And I will make your rivers dry.”
Originally Posted By: Stephen Jones
"Cyrus diverted the waters from the River Euphrates, which flowed through the city, so that his troops could march into the city. The Babylonian army was not expecting this, so they were having a party within the thick walls of the city. The gates of the city leading to the river were left unlocked. The army of the Medes and Persians walked in and took the city intact.
Herodotus, the Father of History, told the story in Book 1 of The Histories, Par. 191, saying,
Quote:
“The siege dragged on, no progress was made, and Cyrus was beginning to despair of success. Then somebody suggested, or he himself thought up the following plan… Then taking with him all his non-combatant troops, he withdrew to the spot where Nitocris had excavated the lake (which was then a marsh) and in this way [reopening the canal] so greatly reduced the depth of water in the actual bed of the river that it became fordable, and the Persian army, which had been left at Babylon for the purpose, entered the river, now only deep enough to reach about the middle of a man’s thigh, and, making their way along it, got into the town….
“The Babylonians themselves say that owing to the great size of the city, the outskirts were captured without the people in the centre knowing anything about it; there was a festival going on, and they continued to dance and enjoy themselves, until they learned the news the hard way. That, then, is the story of the first capture of Babylon.”
The “festival” that night is described in the early verses of Daniel 5, telling us how the hand of God wrote on the wall the ominous prophecy of Babylon’s fall while the king and his government officials were partying.
Thus, Isaiah’s prophecy of drying up the river was quite literally fulfilled."
The Lord is telling us before hand what He will do with Mystery Babylon today by establishing Old Babylon's destruction as a TYPE of the things to come.
Revelation 16 tells us that this re-occurence of the drying up of the river of Euphrate of Mystery Babylon will be done to prepare the way for the Kings of the East.
AV Re 16:12 . And the sixth angel poured out his vial upon the great river Euphrates; and the water thereof was dried up, that the way of the kings of the east might be prepared.
Mystery Babylon life stream today is their control of the currencies of the world via the Federal Reserve; thus it is the current of the currencies that will be "dried up" from Mystery Babylon today to prepare the way for the Kings of the East (China and Russia) to overthrow them(Mystery Babylon).
The BRICS new Banking system will provide a new current(currencies) for the primary goal to by-pass the Federal Reserve Global Banking system via the US-Petro-Dollars current.
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