The dollar days are numbered: Global Currency Reset? BRICS bank about to change everything… likely to announce setting up of $100-billion fund…China set to extend financial muscle across the globe…

Greetings,

The dollar cannot maintain its edge or its sway. The world is withdrawing from dollar related bonds and pushing the US contrived economic system into collapse. It’s only a matter of time now. The end is coming…..It’s here!!!!

Global Currency Reset? BRICS bank about to change everything… likely to announce setting up of $100-billion fund…China set to extend financial muscle across the globe…

China and the BRICS are moving to establish counter-institutions to
unseat the power of the Asian Development bank, the World bank and the
IMF. With $100 billion in capital, the new Shanghai based BRIC bank
will eclipse the Japanese controlled Asia Development bank in capital.

This new BRIC bank could easily get major new funding from China and
Russia and could go on to rival the world bank. The only difference is
this BRIC bank will be getting real capital savings invested into whereas
the World bank is getting printed money from the U.S.

Future U.S. trade deficits will no longer get rolled back into U.S.
Treasuries but can now be put into the BRIC bank deploying Chinese
financial power across the world and getting large infrastructure projects
into Chinese firms while developing the countries soft power.

Mon Jul 7, 2014 2:32pm GMT
BEIJING (Reuters) – The five BRICS nations have reached a broad
consensus on their $100 billion development bank though some differences
remain, a senior Chinese diplomat said on Monday ahead of a summit in
Brazil next week to be attended by President Xi Jinping.

BRICS bank about to change everything..China set to extend financial muscle across the globe

BRICS nations likely to announce setting up of $100-billion fund at fifth summit in Brazil

NEW DELHI: The BRICS nations are likely to formally announce the setting up of a $100-billion fund, which will help member countries tide over a current account deficit crisis, at their fifth summit next week in Brazil.

China will be the largest donor to this fund and is expected to contribute around $41 billion. India, Russia and Brazil will contribute $18 billion each with South Africa bringing in the remaining $5 billion. Typically, these contributions are in the form of commitments and no actual fund flow happens until the money is required.

http://articles.economictimes.indiatimes.com/2014-07-08/news/51191399_1_brics-bank-brics-nations-account-deficit

IMF’s Christine Lagarde One on One Interview talking about the Global Currency Reset
Christine LaGarde Reset – Interview With Christin…:

Her is the full interview with IMF head Lagarde in link below

http://mobile.bloomberg.com/video/an-insight-an-idea-with-christine-lagarde-heKSl1aiRam4JbkkuGEGeg.html

MF Managing Director Christine Lagarde sits down for a one-on-one conversation with Bloomberg’s Francine Lacqua at the World Economic Forum in Davos. During the 30 minute show Lagarde talks about why it’s important that we ‘Reset’ the global economy, the lessons learned from the downturn and the impact of Fed tapering.

http://globalcurrencyreset.net/

Jim Willie: BRICS 80 Preparing To Take Down The Dollar

Posted on May 8, 2014

Dr Jim Willie has been talking about the BRICS nations (Brazil, Russia, China, India and South Africa) being joined by other nations to take down the dollar. He says there are now 80 nations in the BRICS alliance who have joined together to end the dollar’s reign as the international reserve currency. China could have taken down the US economy any time it wanted to after it had accumulated more than a trillion dollars in US Treasury bonds. All it had to do was to sell them and buy real assets until the US government collapsed and surrendered.

The Chinese are playing a much more sophisticated game. Their goal is to take down the dollar and the British pound but not to hurt their customers in Africa, Latin America, Australia and elsewhere. He thinks a Northern euro will emerge leaving southern Europe and France far behind. Italy’s future was hurt when they mistakenly decided to send half of their gold to New York. That gold is in Asia along with the bullion from the Netherlands and Germany. Dr Willie agrees with Jim Rickards who says the dollar will be devalued 80%. This will make imported goods 500% more expensive. And it will also enable foreigners to buy food off the shelves of America and Great Britain. Please note that the British pound is being targeted by the BRICS 80 as well.

cont’d:

Jim Willie: BRICS 80 Preparing To Take Down The Dollar

Uncle
Read more at http://investmentwatchblog.com/brics-bank-about-to-change-everything-china-set-to-extend-financial-muscle-across-the-globe/#Us1sTLFcidrR5m2U.99

Click here for reuse options!
Copyright 2014 Hiram's 1555 Blog