BRICS

[tangent4ronpaul]

The 5 countries: Brazil, Russia, India, China and South Africa. 40% of the world population...

In 2016 they are establishing a development bank to compete with the existing banking cartel and the dollar being the world currency.

It's going to be interesting...

The phrase "dead bankers" keeps bouncing around my cranium, but the dots are not connecting as to who and why just yet. Many hypotheses, no clear winner.

The other phrase bouncing around in those dark recesses is: "US Economic collapse".

I smell WWIII and I mean this year...

-t

[presence]

24 minutes ago:

http://www.dw.de/brics-nations-launc...ank/a-17779926

BRICS nations launch new development bank

A new international development bank and multi-billion emergency lending pool are set to be launched by Brazil, Russia, India, China and South Africa. The move comes at a summit meeting of BRICS leaders in Brazil.

The "New Development Bank" (NDB) is intended to compete with the World Bank and its private lending arm, the International Finance Corporation (IFC), by making it easier and quicker for developing countries to gain access to large-scale financing for infrastructure projects.

[]

When the IMF or World Bank lend money, strings are invariably attached, and those strings tend to reflect the values and interests of Washington and its allies, according to analysts at the Institute for Development Studies in Sussex, UK.


The BRICS are trying to free themselves and other developing countries from US dominance. Building new shared institutions is a key aspect of that effort.

I think the work on ruble-yuan swap line will finalized in the nearest future and the way for ruble-yuan settlement will be open. Moreover, we are not the only ones with such initiatives. We know about the statements made by Mr. Noyer, chairman of the Bank of France. As a retaliation for what Americans have done to BNP Paribas, he opined that the trade with China must be done in yuan or euro.

[]

If the current trend continues, soon the dollar will be abandoned by most of the significant global economies and it will be kicked out of the global trade finance. Washington's bullying will make even former American allies chose the anti-dollar alliance instead of the existing dollar-based monetary system. The point of no return for the dollar may be much closer than it is generally thought. In fact, the greenback may have already past its point of no return on its way to irrelevance.

Read more: http://voiceofrussia.com/2014_07_03/...alliance-6229/

[Shane Harris]

I smell a James Bond film plot somewhere

[Dianne]

I heard Max Keiser interviewed this past Friday and his theory as to why Obama has opened the floodgate of illegals is so the U.S./Mexico/Canada can get back to their plan of the North American Union and introduce the Amero to replace the U.S. dollar. This would be in response to the effect of BRICS.

[Todd]

Bye bye U.S Hegemony.

Wait one.....what's this?

The 5 countries........South America?

[Seraphim]

It's South Africa not South America.

[Seraphim]

This BRICS bank is a direct competitor to the IMF.

[devil21]

Something is most definitely underway!

http://www.ronpaulforums.com/showthr...lub-must-watch

[tangent4ronpaul]

It's South Africa not South America.

Good catch, thanks, fixed.
+rep

-t

[Natural Citizen]

I know that this is something that is just now being given some attention here at RPF but the fact is that the actual model has already evolved 10 fold. Much has been discussed on the boards. It's simply been ignored, unfortunately. Perhaps relevance not understood.

What you want to watch now are mergers in space program projects of these countries. The reason for this is, among other things, that international finance clearing of these countries is a delicate matter.

Should start to hear from some politicians in the know start to complain about NASA versus private sector space programs here in the states soon. Obviously we've already seen a rush to fund get this..."cyber-security". What this really means is that the gag is up with the NSA spying because everyone knows now that the bulk of that spying was on foreign nations and their financial clearing.

But anyhow...I'm glad to see that people are paying attention. A little late and far behind but whatever. Is what it is.

[kpitcher]

Bloomberg has an article
http://www.bloombergview.com/article...the-world-bank

They didn't mention what currency the new BRICS bank would be in. I don't know if the current IMF funds are USD or not either.

[tangent4ronpaul]

AJ has a hour long show - inside story about BRICS. On now and should repeat 2-3 times in the next 24 hours.

it's on now.

-t

[tangent4ronpaul]

Bloomberg has an article
http://www.bloombergview.com/article...the-world-bank

They didn't mention what currency the new BRICS bank would be in. I don't know if the current IMF funds are USD or not either.

From years ago, they have been pushing for the chinese yen. If not that, the rubil. It sure ain't gonna be the dollar.

-t

[Natural Citizen]

Putin's L.America 'big tour', deals done...

The leaders discussed a number of questions, concerning the deliveries of agricultural machinery, the subject of placement of the GLONASS land stations on the territories of Nicaragua, and also interaction in some other areas, in particular pharmacology.

Building a BRIC wall that will have damaging effects to many industries here. But we've discussed this. Right?