28 votes

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.”


Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

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.


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!