BRICS = New Bank…

I touched on this several times and now it is becoming clearer than mud now. The BRICS will develop their own spot in the world and “damn to be” to the western world and her jealous tendencies. The BRICS will be setting up a banking system of their own…

I see the things that made life good in the past developing in the attitudes of the BRICS and that is a good thing for a better world. The world has become lopsided and unsteady as it is being pushed and pulled by a few strings and those strings are going to break sooner than later…

BRICS is made up of Brazil, Russia, India, China and South Africa and the strong rumor has it that BRIICS could be soon to happen, with the addition of Iran and or it could become BRIIICS with the addition of Indonesia. Now I think that they need to come up with a better name as it seems to be growing at a exponential rate. Besides this name was given by the western worlds – Goldman Sachs. So it could be expounded on and made better…

So many things are happening around the world, as countries aggregate towards other countries, in an attempt to become more self-reliant against the impending downfall of the Western Empire as it does a death spiral into the black hole of debt…

I feel that the new BRICS banks are set up based on gold? Or similar backings… (Oil, Gas, etc, etc and etc!)

Post by Kyle Keeton
Windows to Russia…

kKEETON @ Windows to Russia…

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The idea of the BRICS Development Bank, with a seed capital of US$50 billion (only structural details need to be finalized), helping infrastructure and sustainable development projects. Crucially, the US and the European Union won’t have stakes in this Bank of the South – a concrete alternative, pushed especially by India and Brazil, to the Western-dominated World Bank and the Bretton Woods system. As former Indian finance minister Jaswant Singh has observed, such a development bank could, for instance, channel Beijing’s know-how to help finance India’s massive infrastructure needs. The huge political and economic differences among BRICS members are self-evident.… Read more »

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Russian President Vladimir Putin is taking no prisoners; he wants to steer the BRICS towards “a full-scale strategic cooperation mechanism that will allow us to look for solutions to key issues of global politics together”. This will imply a common BRICS foreign policy – and not only selective coordination on some themes. It will take time. It will be hard. Putin is very much aware of it. What makes it even more fascinating is that Putin advanced his ideas during last week’s three-day visit to Moscow by new Chinese President Xi Jinping. He went out of his way to stress… Read more »