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g20 summit discuss New World Bank being setup by Brazil, China, India, Russia & South Africa $100 billion reserve

 
Anonymous Coward
User ID: 46229155
09/06/2013 05:18 PM
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g20 summit discuss New World Bank being setup by Brazil, China, India, Russia & South Africa $100 billion reserve
Editor's Note: Ahead of the Group of 20 summit of the world's largest economies in Russia, the International Monetary Fund noted that developing countries have been hardest hit in the past few months by the US central bank's warning that it will soon taper its massive bond-buying program that poured cash into the economy to stimulate it. The subsequent slowdown in emerging markets, particularly Brazil, China and India, could hold back global economic growth, the IMF warned. What risks lie ahead and how can the BRICS nations coordinate efforts to deal with the potential impact? China Daily interviewed four economists for their views.

[link to usa.chinadaily.com.cn]



The G20 Summit saw the so-called BRICS emerging economies – that is Brazil, Russia, India, China and South Africa – agreeing to commit 100 billion dollars (76 billion euros) to a currency reserve pool.

That comes amid the currency turmoil some of them are suffering from the prospect of the United States central bank soon reducing the stimulus dollars that have been flooding into the world economy.

[link to www.euronews.com]


Is this false flag BS in Syria just to cover up the inevitable doom that faces the dollar?
conspiracyparty
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09/06/2013 05:21 PM
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Re: g20 summit discuss New World Bank being setup by Brazil, China, India, Russia & South Africa $100 billion reserve
I never understood why South Africa is on that list.

[link to en.wikipedia.org (secure)]
These E7 nations should be there not South Africa...
Anonymous Coward
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Germany
09/06/2013 05:22 PM
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Re: g20 summit discuss New World Bank being setup by Brazil, China, India, Russia & South Africa $100 billion reserve
bump
Anonymous Coward
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09/06/2013 05:27 PM
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Re: g20 summit discuss New World Bank being setup by Brazil, China, India, Russia & South Africa $100 billion reserve
Crazy times
Anonymous Coward (OP)
User ID: 46229155
09/06/2013 05:28 PM
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Re: g20 summit discuss New World Bank being setup by Brazil, China, India, Russia & South Africa $100 billion reserve
I never understood why South Africa is on that list.

[link to en.wikipedia.org (secure)]
These E7 nations should be there not South Africa...
 Quoting: conspiracyparty 46268272


The whole scenario is messed up!
Anonymous Coward (OP)
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09/06/2013 05:29 PM
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Re: g20 summit discuss New World Bank being setup by Brazil, China, India, Russia & South Africa $100 billion reserve
An IMF quota represents a countries contribution to the fund’s capital as well as its clout in the IMF’s decision making. It can also decide the size of any loan that country receives from the IMF. Currently the US has the highest quota of any country at 17.08%, allowing it to veto any decision as any initiative is only passed if it receives 85% of the vote.

[link to rt.com]

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