OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Why Were Emergency Vehicles At The US Capitol Building Feb 2, 2021?
BRICS establish $100bn Bank and Currency Reserves  EmptyToday at 11:52 am by PurpleSkyz

» COVID Vaccine Injury Reports Grow in Number, But Trends Remain Consistent
BRICS establish $100bn Bank and Currency Reserves  EmptyToday at 11:39 am by PurpleSkyz

» Clinton Aide Doug Band Flips, Implicates Boss in Pedophile Ring Probe
BRICS establish $100bn Bank and Currency Reserves  EmptyToday at 11:34 am by PurpleSkyz

» Joe’s Long Decline
BRICS establish $100bn Bank and Currency Reserves  EmptyToday at 11:27 am by PurpleSkyz

» President Trump the Pathfinder
BRICS establish $100bn Bank and Currency Reserves  EmptyToday at 11:24 am by PurpleSkyz

» Hundreds of Florida Residents Report Side Effects Following Wuhan Coronavirus Vaccination
BRICS establish $100bn Bank and Currency Reserves  EmptyToday at 11:12 am by PurpleSkyz

» Strange anomalies sticking out of Antarctica's ice sheet
BRICS establish $100bn Bank and Currency Reserves  EmptyToday at 11:07 am by PurpleSkyz

» Physicists Just Found 4 New Subatomic Particles That May Test The Laws of Nature
BRICS establish $100bn Bank and Currency Reserves  EmptyToday at 11:03 am by PurpleSkyz

» 'Space hurricane' observed over the North Pole
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 4:30 pm by PurpleSkyz

» 'Extinct' bird rediscovered after 170 years
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 4:25 pm by PurpleSkyz

» Mystery object filmed in the skies over Wichita
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 4:22 pm by PurpleSkyz

» Cannabis Poutine Fries
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 2:33 pm by PurpleSkyz

» Highest frequencies of Rh negatives:
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 2:32 pm by PurpleSkyz

» Judge Orders Election Do-Over as Voter Fraud Proved for 78% of Mail-In Ballots
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 2:30 pm by PurpleSkyz

» Sean Stone Goes Full Woo with John Lamb Lash on the Archon Empire
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 2:29 pm by PurpleSkyz

» Sacha Stone - The Cult of Lucifer
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 2:28 pm by PurpleSkyz

» Family Fined, Kicked Off Their Own Land For Living In RV
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 2:18 pm by PurpleSkyz

» What We Know And Don’t Know About The Events Of January 6th
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 2:15 pm by PurpleSkyz

» The Case for Closing Public Schools… Indefinitely
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 2:14 pm by PurpleSkyz

» Are The Recent UFO Disclosures Setting Us Up for A Mass Deception of Epic Proportions?
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 2:12 pm by PurpleSkyz

» North and South Dakota State Legislatures Pass Bills to Invalidate All Unconstitutional Biden Orders
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 2:11 pm by PurpleSkyz

» FULL (of it) Benjamin bla bla blah Fulford - 3-1-21… “Middle East Power Struggle Tip of the Iceberg”
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 2:10 pm by PurpleSkyz

» Carrying Stones & Digging Holes to Cultivate Consciousness February 27, 2021
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 1:43 pm by Consciousness Of Economic

» Sense of Balance
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 1:42 pm by Consciousness Of Economic

» Chant these Ganesh Mantras on Tuesdays to remove hurdles from your path
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 1:41 pm by Consciousness Of Economic

» Sense of Movement
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 1:39 pm by Consciousness Of Economic

» Nothing more absurd than this can be believed
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 1:38 pm by Consciousness Of Economic

» Carl Jung: How The Media // Internet Reinforces Shadow Projection | Psychology & Philosophy
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 1:35 pm by Consciousness Of Economic

» Spiritual individuality / Physical heredity
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 1:34 pm by Consciousness Of Economic

» Exploring Ghost Mines of Utah in 1869 (Silver City)
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 1:31 pm by Consciousness Of Economic

» Experts Call For Immediate Ban Of Entire Class Of Chemicals Damaging Babies’ Brains
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 1:29 pm by Consciousness Of Economic

» 12 Residents Die After First COVID Vaccine in Wales Nursing and Dementia Care Centre
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 1:28 pm by Consciousness Of Economic

» New mammogram guidelines for women recently vaccinated for COVID-19
BRICS establish $100bn Bank and Currency Reserves  EmptyYesterday at 1:25 pm by Consciousness Of Economic




You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » BRICS establish $100bn Bank and Currency Reserves

BRICS establish $100bn Bank and Currency Reserves

Go down  Message [Page 1 of 1]

PurpleSkyz

PurpleSkyz
Admin
BRICS establish $100bn Bank and Currency Reserves   Leave a comment
 
BRICS establish $100bn Bank and Currency Reserves  Brics-summit-2014
BRICS establish $100bn bank and currency reserves to cut out Western dominance
Published time: July 15, 2014 18:14
BRICS establish $100bn Bank and Currency Reserves  Brics-bank
The group of emerging economies signed the long-anticipated document to create the $100 bn BRICS Development Bank and a reserve currency pool worth over another $100 bn. Both will counter the influence of Western-based lending institutions and the dollar.
The new bank will provide money for infrastructure and development projects in BRICS countries, and unlike the IMF or World Bank, each nation has equal say, regardless of GDP size.
The countries’ finance ministers signed the memorandum of understanding in Fortaleza, Brazil on Tuesday, the first day of the BRICS 6th summit. Documents on cooperation between BRICS export credit agencies and an agreement of cooperation on innovation were also inked.
Each BRICS member is expected to put an equal share into establishing the startup capital of $50 billion with a goal to reach $100 billion. The BRICS bank will be headquartered in Shanghai, India will preside as president the first year, and Russia will be the chairman of the representatives. Each country will send either their finance minister or Central Bank chair to the bank’s representative board.
Leaders from the five nations – Russia’s Vladimir Putin, Brazil’s Dilma Rousseff, China’s Xi Jinping, India’s Narenda Modi, and South Africa’s Jacob Zuma, were all in attendance.
The $100 billion crisis lending fund, called the Contingent Reserve Arrangement (CRA), was also established. China will contribute the lion’s share, about $41 billion, Russia, Brazil and India will chip in $18 billion, and South Africa, the newest member of the economic bloc, will contribute $5 billion.
“This mechanism creates the foundation for an effective protection of our national economies from a crisis in financial markets,” Russian President Vladimir Putin said.
The big launch of the BRICS bank is seen as a first step to break the dominance of the US dollar in global trade, as well as dollar-backed institutions such as the International Monetary Fund (IMF) and the World Bank, both US-based institutions BRICS countries have little influence within.
Membership may not just be limited to just BRICS nations, either. Future members could include countries in other emerging markets blocs, such as Mexico, Indonesia, or Argentina, once it sorts out its debt burden.
The group has already created the BRICS Stock Alliance an initiative to cross list derivatives to smooth the path for international investors interested in emerging markets.
BRICS represents 42 percent of the world’s population and roughly 20 percent of the world’s economy based on GDP, and 30 percent of the world’s GDP based on PPP, a more accurate reading of the real economy. Total trade between the countries is $6.14 trillion, or nearly 17 percent of the world’s total.
Russia has proposed the countries come together under an energy alliance that will include a fuel reserve, as well as an institute for energy policy
“We propose the establishment of the Energy Association of BRICS. Under this ‘umbrella’, a Fuel Reserve Bank and BRICS Energy Policy Institute could be set up,” Putin said.
http://rt.com/business/173008-brics-bank-currency-pool/


Thanks to: http://ascensionproject2012.com



  

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum