- The BRICS nations, 43 percent of the world’s population, are working on a new “development bank” set to bypass the World Bank and the IMF.
“There’s a shift in power from the traditional to the emerging world.”
The move is seen as a way for BRICS to protect themselves from the US and Europe’s financial trouble and as a way to increase their global financial influence.
- Russia to ban cash transactions over $10,000
- Bitcoin’s market capitalization briefly hits $1Billion!
- Texas want’s its gold back from the Fed.