Wednesday, July 16, 2014

BRIC starts new global bank

   After years of negative rhetoric about the west, the nations of Brazil, Russia, India and China have collectively started a new global bank to compete with the IMF and the World Bank, mostly controlled by the US.

   They used $200 billion to fund the investment. Should be interesting. It also includes South Africa and is centered in Shanghai. Talk about shaking up the new world order!

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