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Is the New BRICS Bank a Challenge To US Global Monetary Power?

IMG Auteur
Jesse
Le Cafe Americain
Published : July 20th, 2014
161 words - Reading time : less than a minute
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"Brazil, Russia, India, China and South Africa have many allies in the G-20, the minister noted, naming Argentina, Mexico and Indonesia in particular. 'They speak in the common voice with BRICS in the G-20 on the reform of international financial system,' the diplomat said.

BRICS countries are going to jointly demand implementation of the International Monetary Fund (IMF) reform during the G-20 summit being hosted by Australia in November.  The agreements to reform IMF quotas were reached in 2010 but have been put on hold by leading Western countries ever since."


It is pretty much as I said it was with the evolving currency war and the struggle by the Anglo-American banking cartel to maintain the status quo in a changing world.

How it will turn out, no one can know for certain. But since money and power are involved it will probably become more dirty and desperate than one might otherwise expect.




Data and Statistics for these countries : Argentina | Australia | Brazil | China | India | Indonesia | Mexico | Russia | South Africa | All
Gold and Silver Prices for these countries : Argentina | Australia | Brazil | China | India | Indonesia | Mexico | Russia | South Africa | All
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