Bits and Pieces 29thMar13

  • 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.

Details here  and here.

  • Russia to ban cash transactions over $10,000
  • Bitcoin’s market capitalization briefly hits $1Billion!
  • Texas want’s its gold back from the Fed.

 

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