As we
suggested last night, the anti-dollar alliance among the BRICS has
successfully created a so-called "mini-IMF" since the BRICS are clearly furious
with the IMF as it stands currently: this is what the world's developing nations
just said on this topic "We remain disappointed and seriously concerned with the
current non-implementation of the 2010 International Monetary Fund (IMF)
reforms, which negatively impacts on the IMF’s legitimacy, credibility and
effectiveness."
As Putin explains, this is part of "a system of measures that would
help prevent the harassment of countries that do not agree with some
foreign policy decisions made by the United States and their allies."
Initial capital for the BRICS Bank will be $50 Billion - paid in equal share
among the 5 members (with a contingent reserve up to $100 Billion) and will see
India as the first President. The BRICS Bank will be based in Shanghai
and chaired by Russia. Simply put, as Sovereign Man's Simon Black
warns, "when you see this happen, you’ll know it’s game over for the dollar....
I give it 2-3 years."
Mais
Economia
Submitted by Tyler Durden on
07/15/2014 14:38 -0400
- "currency Swap" Entre Brasil E China
Brazil-China to Sign $30 Billion Currency Swap Agreement Soon By Joshua Goodman - 2012-06-21T23:07:01Z Brazil and China will sign an agreement in the coming weeks to swap as much as $30 billion in their two currencies, Brazil...
- A Nova Ordem Mundial 2025
MOTOKO RICH, On Tuesday May 17, 2011, 9:00 am EDT With China overtaking Japan as the world's second-largest economy last year, there can be no doubt that emerging markets are becoming increasingly powerful. A new report from the World Bank predicts...
- Brics Querem Mais Poder
BRICS don’t want to live in a world run by Washington --not when their combined gross domestic product could eclipse the U.S. by the end of 2014. And it’s ridiculous that the governance of the International Monetary Fund and World Bank still rotates...
- Os Brics E O Dólar
BRICs Will Not Mull New Reserve CurrenciesRUSSIA, CHINA, INDIA, BRAZIL, CURRENCIES, ECONOMY, GLOBALReuters | 14 Jun 2009 | 07:43 PM ET Leaders of Russia, China, India and Brazil do not intend to discuss new global reserve currencies at their first summit...
- Ultimatum Para O Dólar
China encontra suporte de Brasil e Rússia para desafiar a posição do dólar como moeda de reserva internacional: "...There's a new power in international finance: Zhou Xiaochuan, governor of the People's Bank of China, the $2 trillion central...
Economia
BRICs criam próprio fundo monetário
BRICS Announce $100 Billion Reserve To Bypass Fed, Developed World Central Banks
loading...
- "currency Swap" Entre Brasil E China
Brazil-China to Sign $30 Billion Currency Swap Agreement Soon By Joshua Goodman - 2012-06-21T23:07:01Z Brazil and China will sign an agreement in the coming weeks to swap as much as $30 billion in their two currencies, Brazil...
- A Nova Ordem Mundial 2025
MOTOKO RICH, On Tuesday May 17, 2011, 9:00 am EDT With China overtaking Japan as the world's second-largest economy last year, there can be no doubt that emerging markets are becoming increasingly powerful. A new report from the World Bank predicts...
- Brics Querem Mais Poder
BRICS don’t want to live in a world run by Washington --not when their combined gross domestic product could eclipse the U.S. by the end of 2014. And it’s ridiculous that the governance of the International Monetary Fund and World Bank still rotates...
- Os Brics E O Dólar
BRICs Will Not Mull New Reserve CurrenciesRUSSIA, CHINA, INDIA, BRAZIL, CURRENCIES, ECONOMY, GLOBALReuters | 14 Jun 2009 | 07:43 PM ET Leaders of Russia, China, India and Brazil do not intend to discuss new global reserve currencies at their first summit...
- Ultimatum Para O Dólar
China encontra suporte de Brasil e Rússia para desafiar a posição do dólar como moeda de reserva internacional: "...There's a new power in international finance: Zhou Xiaochuan, governor of the People's Bank of China, the $2 trillion central...