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Russia is creating a $100 billion rival to the IMF

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posted on May, 4 2015 @ 01:25 PM
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uk.businessinsider.com...



Russian President Vladimir Putin ratified an accord Saturday to set up a $100 billion reserve fund for the so-called BRICS — the leading emerging economies Russia, China, Brazil, India, and South Africa.

Moscow is expected to contribute $18 billion to the reserve, well behind the $41 billion China has promised to pour into the fund, which was set up after an agreement signed in July in Brazil.

The emerging economies also plan to form their own international bank based in Shanghai to challenge western dominance over international money markets.


The BRICS countries between them account for 40%
of the world's population and a fifth of the planet's
gross domestic product.




posted on May, 4 2015 @ 01:30 PM
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OOOh. I want in. I can afford to invest about twenty bucks. It's got as much reliability as the Stock Market does.



posted on May, 4 2015 @ 01:31 PM
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a reply to: wasaka

If you don't think the same banks that are behind the IMF and control of the rest of the world banking systems. Are not also behind bric's you must be from out of town.

Money is money the same people are always controlling it.
edit on 4-5-2015 by Greathouse because: (no reason given)

edit on 4-5-2015 by Greathouse because: (no reason given)



posted on May, 4 2015 @ 01:40 PM
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a reply to: wasaka

Not enough. Playing by the same rules as the IMF they can lever about 10x or a trillion. They need to be able to manage 350 trillion to accommodate 50% of the global market. They gotta go large or go home.

Cheers - Dave



posted on May, 4 2015 @ 02:08 PM
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a reply to: wasaka




The BRICS countries between them account for 40%
of the world's population and a fifth of the planet's
gross domestic product.

Libya was going to create or help create a African bank that would have fit into the mix until R2P Nato scum decided to blow the crap out of the country . Those numbers you are using can be expected to grow quite rapidly one would think .Moving away from one system and putting your eggs in another will have a tendency to tip the basket . I am thinking as the BRICS become closer and closer to realization you will see the military apparatus within the group show some of their muscle ,militarily .



posted on May, 4 2015 @ 02:16 PM
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a reply to: bobs_uruncle

I would think that pricing structures will put how many $$ will accommodate the day .You would have been hard pressed to by a loaf of bread with a wheel barrel of cash back in the Nazis day . Seeing it will be priced among the group I can't see any need to go into wall street . A trillion USD's could end up worthless or at least undesirable among the group .



posted on May, 4 2015 @ 03:40 PM
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a reply to: the2ofusr1

My only point is that $100 billion is chump change in the global economy, especially from an actual value standpoint. brics are going to have to go a lot higher and I really hope they do. But then again, the new boss might be just as bad or worse than the old boss.

Cheers - Dave



posted on May, 4 2015 @ 08:12 PM
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ok this is more important than you think,this is putin saying kiss it, despite the obvious covert operations being carried out to ensure this bank would never see the light of day.
any opposition to jp morgan and the rothchilds i for one welcome


i see a bad moon arising


.
edit on 4-5-2015 by stuthealien because: geographical error

edit on 4-5-2015 by stuthealien because: (no reason given)



posted on May, 4 2015 @ 10:49 PM
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a reply to: wasaka

$100,000,000,000 is nothing.

There are individuals worth that much today.

That's like me opening a bank that specializes is $0.50 loans.

California makes more than that a year in taxes.

Just california state gov revenue.

Not local govs or businesses etc.

That is a pathetic excuse for a wannabe IMF replacement.

At that rate, it will only be a few thousand years before they catch up to the IMF if the IMF doesn't grow.



posted on May, 4 2015 @ 11:17 PM
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a reply to: johnwick

Well at lest they are using real money, unlke Bernankes helicopter dollars and the stabilization fund propping up a Bankrupt USA. But then again the bailout money did find its way back to the same crooks. Not much of it went into the physical economy
edit on 4-5-2015 by TheConstruKctionofLight because: clarity



posted on May, 4 2015 @ 11:19 PM
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a reply to: TheConstruKctionofLight

For too long the rest of the world has suffered from US's exportation of its inflation by the recycling of the Petrodollar



posted on May, 5 2015 @ 04:47 AM
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The BRICS are merely developing nations. There is little glue that naturally binds them together and not much shared vision, unlike the developed and democratic West.

The BRICS infrastructure bank would not compete with the IMF. Two different things. However, interesting to note that in the same sentence that people predict the death of the dollar, they cite the fund as 100 billion dollars. Not costed in Russian Roubles (is it five trillion? The zeros become a bit difficult to count), or Chinese Yuan (620 billion).



posted on May, 5 2015 @ 05:20 AM
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a reply to: wasaka

So the developing nations are going to pool their money and loan it to... whom? Each other? Nations that are not developing? What's the plan here, and what do they plan to do if, say, Venezuela defaults on their loan? Seize their material assets, ie; oil fields?



posted on May, 5 2015 @ 06:29 AM
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originally posted by: Greathouse
a reply to: wasaka

If you don't think the same banks that are behind the IMF and control of the rest of the world banking systems. Are not also behind bric's you must be from out of town.

Money is money the same people are always controlling it.


This isn't true at all

Clear and cut difference between western private central bankers

And eastern national central bankers.



posted on May, 5 2015 @ 12:17 PM
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a reply to: TorinoFer

Right....... And China doesn't have any housing bubble either. After all those newly built totally deserted cities aren't ghost towns they're merely dust collection points.



posted on May, 5 2015 @ 12:47 PM
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originally posted by: TorinoFer
Clear and cut difference between western private central bankers


Are there really any central banks that are private? For example, the Bank of England was nationalised in 1946 and is therefore publicly owned. Although the arrangements for the US Federal Reserve are different, that organisation is not private.

Incidentally, the two biggest banks in the world are Chinese and the Chinese Central Bank is so closely linked with the political one-party-state that displays more similarity to a private organisation than comparable organisations in the West.

Ho hum.



posted on May, 5 2015 @ 01:31 PM
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originally posted by: DJW001
a reply to: wasaka

So the developing nations are going to pool their money and loan it to... whom? Each other? Nations that are not developing? What's the plan here, and what do they plan to do if, say, Venezuela defaults on their loan? Seize their material assets, ie; oil fields?



What they will do is not murder anyone who challenges them .. like the US clearly does when the dollar is challenged ..
Trading should never be limited to one monopolistic currency .. it's high time people realized that and did something about it ..
Eastern culture is to help one another in the group ..and find balance .. not like the West, where greed and savagery seems to be the order of the day, to stay on top ..



posted on May, 5 2015 @ 01:36 PM
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a reply to: junglimogli




What they will do is not murder anyone who challenges them .. like the US clearly does when the dollar is challenged ..


SO who exactly was murdered for challenging the dollar?



posted on May, 5 2015 @ 01:40 PM
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originally posted by: tsurfer2000h
a reply to: junglimogli




What they will do is not murder anyone who challenges them .. like the US clearly does when the dollar is challenged ..


SO who exactly was murdered for challenging the dollar?

If you're asking this obvious question ..then you clearly don't know much about what happens around you ..
That's like reading the bible and asking who Jesus was ..



posted on May, 5 2015 @ 01:52 PM
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a reply to: junglimogli




If you're asking this obvious question ..then you clearly don't know much about what happens around you ..


The fact that you aren't answering the question shows your just making accusations that you cannot back?

So again who has been murdered for challenging the dollar?


Russia, Iran Openly Challenging the "Dollar Dictatorship"


russia-insider.com...

So I guess we can expect Russia and Iran to be murdered as they are challenging the dollar...or at least by what your saying this should happen.



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