BRICS development bank

This tag is associated with 8 posts

AIIB, BRICS Development Bank, And An Emerging World

By F. William Engdahl Germany is a founding member as France. So is Luxemburg, even Great Britain. Putin’s Russia and India are also among the founders. To the surprise of many, so is the International Monetary Fund (IMF), an institution that until now has been a pillar of the dollar system. We are talking about China’s … Continue reading

The Global Impact Of The Rising Dollar

By Deena Zaidi The US dollar has been on the rise every day setting new records. With the upward pressure on dollar, stronger dollar could tighten financial conditions across the globe. Further the rising dollar could be offsetting the benefit of low cost oil within the US economy. Over the past six months, the trade-weighted dollar … Continue reading

India: More On The Union Budget, Participation In NWO Architecture

“Indian Finance Minister Arun Jaitley on Saturday announced a budget that put boosting growth before painful reforms, slowing the pace of fiscal deficit cuts and seeking to put domestic and foreign capital to work,” Reuters reported last week. The Finance Minister said that gross domestic product (GDP) growth would accelerate to between 8 and 8.5 … Continue reading

More De-Dollarization: India And Russia On The Verge Of Currency Agreement

Although the U.S. dollar (USD) has surged to over an 11 year high, there is bad news ahead for the future of the USD as emerging nations are progressively steering away from the “greenback” ahead of the launch of the new BRICS bank. A multi-national currency deal between Russia and India is looking more likely to be … Continue reading

What The BRICS And Germany Are Really Up To – OpEd

By Pepe Escobar Winston Churchill once said, “I feel lonely without a war.” He also badly missed the loss of empire. Churchill’s successor – the ‘Empire of Chaos’ – now faces the same quandary. Some wars – as in Ukraine, by proxy – are not going so well. And the loss of empire increasingly manifests itself … Continue reading

BRICs Strategic Cooperation Roadmap A Top Priority For Russia’s Presidency, Top Lawmaker Says

Transforming the grouping of emerging market nations known as the ‘BRICs’ — which comprises of Brazil, Russia, India, China, and South Africa — into “a full-scale mechanism of strategic cooperation in global policy and economics” will be a top priority for Russia’s presidency of the group this year, the leader of Russia’s parliamentary lower house said on Friday, TASS reports. Sergey … Continue reading

Russia Ratifies New $100B BRICS Development Bank

The Russian State Duma has ratified the $100 billion BRICS bank that’ll serve as a pool of money for infrastructure projects in Russia, Brazil, India, China and South Africa, and challenge the dominance of the Western-led World Bank and the IMF. The New Development Bank is expected to start fully functioning by the end of … Continue reading

2014: The Year That U.S.-Led Capitalism Exposed As Root Of Global Conflict – OpEd

By Finian Cunningham Historians may look back on 2014 as a defining watershed in geopolitical events, the year when the limit of American power was exposed as a waning entity and the contemporary root of global conflict. It was the centennial anniversary of the First World War when Great Powers back then were similarly exposed in … Continue reading

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