BRICS Nations Hope to Bankroll a Changing World Order to Launch Their Own Versions of the IMF And World Bank!
- This is a direct assault on the western Illuminati’s global hegemony. The IMF, World Bank and United Nations are tools of the Anglo-American western Illuminati world empire. It appears the BRICS Gold Central Bank is close at hand. The Gold Trade Settlement System and alternative to SWIFT may be nearer than we think. Listen as the war drums beat louder and louder!
– - BRICS Nations Hope to Bankroll a Changing World Order to Launch Their Own Versions of the IMF And World Bank!
by , http://america.aljazeera.com/
Analysis: The world’s emerging economies are soon to launch their own versions of the IMF and World Bank
–
After more than six decades of dictating development policy in much of the emerging world, the Western-led International Monetary Fund and World Bank may soon have some competition.
–
The BRICS nations — Brazil, Russia, India, China and South Africa — are reportedly close to finalizing their long-awaited development bank and currency reserve, each valued at $100 billion, in what has been billed as a historic challenge by the world’s emerging economies to a global financial architecture that has been dominated by the U.S. and Western Europe since its post–World War II inception.
–
The BRICS nations first announced their plans for the bank in March 2013 but struggled to reach an agreement over China’s desire to hold a greater stake in the institution. But a Brazilian government official told Reuters last week that the five members were ready to split funding and control equally, clearing the last major hurdle for a launch in 2016.
–
To economists in the developing world, who have long criticized the World Bank and IMF as anathema to the countries they purport to help, the New Development Bank holds tremendous promise. Critics say the West has taken advantage of its monopoly in international lending to wield outsize influence in the economic and political affairs of developing countries, dictating development models that further entrench these countries’ subservience to the West.
–
But unlike the U.S. and Europe, who are in lockstep on most things, the BRICS countries have little in common but a shared ambition to rebalance the global economic order.
–
read more!
end