United Nations Declaration (Articles 1 - 30):

Article 1: All human beings are born free and equal in dignity and rights. They are endowed with reason and conscience and should act towards one another in a spirit of brotherhood.

Article 2: Everyone is entitled to all the rights and freedoms set forth in this Declaration, without distinction of any kind, such as race, colour, sex, language, religion, political or other opinion, national or social origin, property, birth or other status.

Incoming UN chief names three women to top posts

Incoming UN chief names three women to top posts
Nigerian Minister of the Environment Amina Mohammed, seen in 2015, will be the UN's number two official (AFP Photo/Mireya ACIERTO)
Sustainable Development
"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) -
"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013. They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)


The Declaration of Human Freedom

Archangel Michael (Via Steve Beckow), Feb. 19, 2011

Every being is a divine and eternal soul living in a temporal body. Every being was alive before birth and will live after death.

Every soul enters into physical life for the purpose of experience and education, that it may, in the course of many lifetimes, learn its true identity as a fragment of the Divine.

Life itself is a constant process of spiritual evolution and unfoldment, based on free choice, that continues until such time as we realize our true nature and return to the Divine from which we came.

No soul enters life to serve another, except by choice, but to serve its own purpose and that of the Divine from which it came.

All life is governed by natural and universal laws which precede and outweigh the laws of humanity. These laws, such as the law of karma, the law of attraction, and the law of free will, are decreed by God to order existence and assist each person to achieve life’s purpose.

No government can or should survive that derives its existence from the enforced submission of its people or that denies its people their basic rights and freedoms.

Life is a movement from one existence to another, in varied venues throughout the universe and in other universes and dimensions of existence. We are not alone in the universe but share it with other civilizations, most of them peace-loving, many of whom are more advanced than we are, some of whom can be seen with our eyes and some of whom cannot.

The evidence of our five senses is not the final arbiter of existence. Humans are spiritual as well as physical entities and the spiritual side of life transcends the physical. God is a Spirit and the final touchstone of God’s Truth is not physical but spiritual. The Truth is to be found within.

God is one and, because of this, souls are one. They form a unity. They are meant to live in peace and harmony together in a “common unity” or community. The use of force to settle affairs runs contrary to natural law. Every person should have the right to conduct his or her own affairs without force, as long as his or her choices do not harm another.

No person shall be forced into marriage against his or her will. No woman shall be forced to bear or not bear children, against her will. No person shall be forced to hold or not hold views or worship in a manner contrary to his or her choice. Nothing vital to existence shall be withheld from another if it is within the community’s power to give.

Every person shall retain the ability to think, speak, and act as they choose, as long as they not harm another. Every person has the right to choose, study and practice the education and career of their choice without interference, provided they not harm another.

No one has the right to kill another. No one has the right to steal from another. No one has the right to force himself or herself upon another in any way.

Any government that harms its citizens, deprives them of their property or rights without their consent, or makes offensive war upon its neighbors, no matter how it misrepresents the situation, has lost its legitimacy. No government may govern without the consent of its people. All governments are tasked with seeing to the wellbeing of their citizens. Any government which forces its citizens to see to its own wellbeing without attending to theirs has lost its legitimacy.

Men and women are meant to live fulfilling lives, free of want, wherever they wish and under the conditions they desire, providing their choices do not harm another and are humanly attainable.

Children are meant to live lives under the beneficent protection of all, free of exploitation, with unhindered access to the necessities of life, education, and health care.

All forms of exploitation, oppression, and persecution run counter to universal and natural law. All disagreements are meant to be resolved amicably.

Any human law that runs counter to natural and universal law is invalid and should not survive. The enactment or enforcement of human law that runs counter to natural and universal law brings consequences that cannot be escaped, in this life or another. While one may escape temporal justice, one does not escape divine justice.

All outcomes are to the greater glory of God and to God do we look for the fulfillment of our needs and for love, peace, and wisdom. So let it be. Aum/Amen.



Pope Francis arrives for historic first US visit

Pope Francis arrives for historic first US visit
Pope Francis laughs alongside US President Barack Obama upon arrival at Andrews Air Force Base in Maryland, on September 22, 2015, on the start of a 3-day trip to Washington (AFP Photo/Saul Loeb)


Today's doodle in the U.S. celebrates Martin Luther King, Jr.'s "I have a dream" speech on its 50th anniversary (28 Aug 2013)

'Love is love': Obama lauds gay marriage activists in hailing 'a victory for America'

'Love is love': Obama lauds gay marriage activists in hailing 'a victory for America'
The White House released this image, of the building colored like the rainbow flag, on Facebook following the supreme court’s ruling. Photograph: Facebook

Same-sex marriage around the world

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …

Merkel says Turkey media crackdown 'highly alarming'

Merkel says Turkey media crackdown 'highly alarming'
Reporters Without Borders labels Erdogan as 'enemy of press freedom'

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Thursday, November 20, 2014

How China is reshaping global development finance

The BRICS Development Bank, the AIIB and the Silk Road Fund – recent initiatives spearheaded by China that symbolize its growing influence in development funding and potential new sources of financing, says Rajiv Biswas.

Deutsche Welle, 19 Nov 2014


Over the past couple of months, China has played a major role in launching initiatives to increase infrastructure financing for developing countries. In July 2014, China, together with the other BRICS nations - Brazil, Russia, India and South Africa - agreed to create a new development bank (NDB) that would have initial capital of 50 billion USD.

More recently, in October, 21 Asian countries agreed to establish a new Asian Infrastructure Investment Bank (AIIB) for which China will provide up to 50 percent of initial capital. The bank's aim is to provide funding for infrastructure projects such as roads in underdeveloped Asian countries. Just last week, at the APEC Leaders Summit in Beijing, President Xi also announced the creation of a new Silk Road Fund to improve connectivity in Asia, for which China will provide USD 40 billion of capital funding.

While the initiatives have been criticized by some as a way for China to simply challenge Western-backed institutions such as the World Bank or International Monetary Fund (IMF) - as a result of Beijing's growing discontent with these bodies - there are others who believe the new development banks might have a positive impact on emerging economies.

Biswas: 'China wants to substantially
 increase the role it plays in multilateral
development financing'
Rajiv Biswas, Asia-Pacific Chief Economist at the analytics firm IHS, says in a DW interview that with the correct design, these new institutions could become important new sources of financing to address the economic development and infrastructure financing needs of developing countries worldwide.

DW: What are the main differences between these new development banks and what role does China play in them?

The NDB has been established by the BRICS, with a global remit to lend to developing countries. The AIIB is focused on Asia, with the 21 founding members all Asian countries and a mandate to provide infrastructure financing for Asian developing countries. Both banks will be headquartered in China, with the NDB headquartered in Beijing and the AIIB headquartered in Shanghai. Clearly, China will play a major role in both banks as a key source of capital, but the decision-making structure will comprise a governing board with representatives from other developing countries.

Why is China helping create all these development banks?

Although these initiatives were all launched in 2014, the decisions reflect the growing discontent which has been developing for many years amongst developing nations that the governance structure of the IMF and World Bank has not evolved to reflect the increasing weight of emerging markets in global GDP. These new institutions, if successfully implemented, could give developing nations greater influence in global development financing.

Doesn't Asia already have a development bank, the ADB?

Although the ADB does have significant representation from developing countries in its governance, the balance sheet of the ADB is relatively moderate compared to the infrastructure financing needs of Asia. Therefore, the new AIIB and other Asian financing initiatives will help to boost total development financing for Asia.

What role does China aim to play in development finance and why?

China's rapid growth has transformed it into the world's second largest economy, but its ability to play a proportionate role in development finance through the World Bank has been constrained by the low voting rights currently allocated to China. Although China has been playing an increasingly significant role in international development financing through its Chinese state-owned banks such as the Development Bank of China, it also wants to substantially increase the role it plays in multilateral development financing flows through the creation of the NDB, AIIB and the Silk Road Fund.

What influence would China have on the financial system by doing this?

China's new development finance initiatives have the potential to significantly reshape the global development finance architecture that was originally established under the Bretton Woods system established in 1944. This structure has remained largely unchanged until now, and China's new initiatives have the potential to create a revolution that will transform the shape of the global development finance architecture.

Where is the Chinese money to fund these institutions coming from?

China has accumulated foreign exchange reserves of USD 3.9 trillion dollars, so the capital it is prepared to subscribe for the NDB, AIIB and Silk Road Fund would amount to only around five percent of its total foreign exchange reserves. Moreover, since these institutions will be providing infrastructure lending rather than grants, the return on capital from these investments could be significantly higher than the current returns China is getting from its foreign exchange reserves, with a large share currently invested in low-yielding US government bonds.

Development aid usually comes with some strings attached. What could these be in the case of China?

The governance structure of the NDB and AIIB will be much wider than just China, since other emerging markets are also members of both of these new development banks. However, as a major provider of capital for both banks, it is likely that China will want to have a significant role in the governance of both banks. Beijing will want to be seen as an inclusive member of both banks though, since it will not want to repeat the mistakes of the IMF and World Bank governance which became perceived by developing countries as overly dominated by the US and EU.

Nevertheless both banks will need to put in place rigorous management structures and lending processes to ensure that their infrastructure loans are subject to risk management and other lending quality controls. A key focus of the lending will be for infrastructure development in emerging markets. The NDB will have a global remit, while the AIIB will focus on Asian developing countries.

What are the reasons for China's discontent with institutions such as the IMF or World Bank?

The status quo in terms of the current distribution of voting rights remains distorted, most notably for China amongst the BRICS nations. China, the world's second largest economy, has 3.81 percent of voting rights in the IMF but it accounts for 12.4 percent of world GDP. As China continues to account for a larger share of the world economy, this disparity will continue to widen. By 2024, IHS forecasts that China will account for around 20 percent of world GDP, so unless China's share of voting rights increases dramatically, it will be heavily underrepresented in the governance and decision-making of the IMF and World Bank.

What are the main concerns about these new institutions?

The institutions will face considerable hurdles, including establishing efficient governance and a world-class prudential regulatory structure that will avoid the pitfalls of overt politicization of the new institution. However, with the correct design, the new BRICS Development Bank and AIIB could become important new sources of financing to address the economic development and infrastructure financing needs of developing countries worldwide.

Biswas: 'The institutions will
 face considerable hurdles'
Will these new banks compete with the role of the World Bank?

The establishment of these institutions at approximately the same time has the potential to generate large new sources of development funding for infrastructure projects in developing countries. In Asia alone, it has been estimated by the Asian Development Bank that eight trillion USD in infrastructure financing will be required in this decade.

A significant share of this will be funded by domestic government and private sector financing, but this still leaves a large shortfall which requires international financing from other governments, multilateral institutions such as the World Bank, or foreign private investment. The new institutions such as the NDB, AIIB and Silk Road Fund will help to raise significant new flows of development finance to help to meet this large need for infrastructure funding.

Will these new banks compete with the role of the World Bank?

The impact on development financing flows to developing countries from these initiatives could be very substantial. The NDB will have initial authorized capital of USD 100 billion and initial subscribed capital of USD 50 billion and also a Contingent Reserve Arrangement (CRA) with capital of USD 100 billion. The AIIB will have initial authorized capital of USD 100 billion, with subscribed capital likely to be around USD 50 billion.

Furthermore, both the NDB and AIIB will be catalysts for other sources of government and private sector funding for infrastructure projects. Both the NDB and AIIB are likely to benefit from having good access to funding from the state-owned banks of the BRICS countries, notably from Chinese state-owned banks, which would provide a very large potential source of financing for the NDB.

Rajiv Biswas is Asia-Pacific Chief Economist at IHS, a global information and analytics firm. He is responsible for coordination of economic analyses and forecasts for the Asia-Pacific region.

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