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Another Nail In The US Dollar's Coffin: BRICS Nations Plan New Bank to Bypass World Bank, IMF

Just more ammo to tell people who refuse to wake up. The U.S. "exceptionalism" won't be so exceptional when the dollar is no longer the world's reserve currency.

BRICS Nations Plan New Bank to Bypass World Bank, IMF

"The biggest emerging markets are uniting to tackle under-development and currency volatility with plans to set up institutions that encroach on the roles of the World Bank and International Monetary Fund.

The leaders of the so-called BRICS nations -- Brazil, Russia, India, China and South Africa -- are set to approve the establishment of a new development bank during an annual summit that starts today in the eastern South African city of Durban, officials from all five nations say. They will also discuss pooling foreign-currency reserves to ward off balance of payments or currency crises. "

“The deepest rationale for the BRICS is almost certainly the creation of new Bretton Woods-type institutions that are inclined toward the developing world,” Martyn Davies, chief executive officer of Johannesburg-based Frontier Advisory, which provides research on emerging markets, said in a phone interview. “There’s a shift in power from the traditional to the emerging world. There is a lot of geo-political concern about this shift in the western world.”

http://www.bloomberg.com/news/2013-03-25/brics-nations-plan-...



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Sounds good....

but the criminal bankers always seem to have a card up their sleeve. When the Saudi's begin selling oil in something other than the dollar then you will get my attention, until then...I question everything.

BRICS Bank summit, Fortaleza, Brasil

1 day after FIFA World Cup final ends in Rio de Janeiro, Brasil, summit for brand new spanking BRICS Bank kicks off in Fortaleza, Brasil. Newly elected Prime Minister Narendra Modi is heading to Fortaleza after India's annual budget announcement. Apparently, there were big political machinations between China & India (as well as Russia/Brasil) about the control of the bank, but Modi held his ground & won.

First office for the bank is expected to be stationed in Shanghai, China, while the first chair for the bank is expected to be the person nominated from India. This is indeed being touted as the killer of both World Bank & IMF.

Modi to head to Brazil for BRICS summit after budget

China says broad consensus reached on new BRICS bank

Delhi foils China bid to control new bank

China Says Consensus Reached on $100 Billion BRICS Bank

Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!
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Makes Sense

The Rothschilds can see that the dollar will collapse, bringing down America, the IMF, and the World Bank. So they need a backup organization to fill the financing void following the collapse. Very prudent planning. Their money will not be in dollars when they "push the button" and economically implode western civilization.

Cannot be done

I think the IMF Charter prohibits it and I think all of those Countries signed the Charter. They would definitely leave the IMF first. I do not know the process.

donvino

The way to solve the bankster

The way to solve the bankster problem is to create another home?

Rothschild is going to own the BRICS bank.

He owns the central banks in China, Brazil, Russia, India and South Africa. Obviously he owns the governments in all those nations as much as he owns the governments in the USA and Europe and Israel, by his control of the massive top money flow that is the central banks in all those nations and unions.

Funding both sides.

It seems like they are devising a WW between the BRICS and the west.

If the US economy collapses

They may have to be dealth with.

Bump for awareness

it is getting interesting.

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.

This could be big

Looks like BRICKS is making their move. The article from Bloomberg seems to be down playing this event, but my gut tells me this is a HUGE!