What is BRICS?

BRICS Leaders
August 4, 2014


While the whole world was watching football (or soccer as it is called in some countries) an interesting BRICS meeting took place in Brazil that could easily change the way international trades could be done (1) .

What is BRICS?

BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China, and South Africa (2). These countries represent an impressive 40% part of the world population, and an even more impressive 18% part of the total world economy (3).

One focus of the BRICS meeting is to assist their member countries in international trade solutions, since they believe the IMF and World Bank have been favoring the Petrodollar too much (4). This is despite agreements, these two monetary entities acknowledged, to assist countries with non-US Dolar currencies as well (5). The freshly named New Development Bank (NDB) is designed to provide both development finance and balance of payments funding on a grand global scale — a clear potential rival to the International Monetary Fund the World Bank (6).

Since many international financial transactions are currently processed in NYC because they involve USD as the currency, a shift away from the USD could have major consequences for SWIFT settlements. The dollar has been a major part of most post WWII international transactions as well as since the beginning of the SWIFT system (7).

Russia, which is part of BRICS, is adding additional headaches to international trades involving the US Dollar, because of their oil production. (8)

As new developments take place, we will continue to provide our readers with (potential) changes in internation trade credits, and (recommended) assets to be used in their international transactions.

With France just having its “Black Saturday,” and joining the countless other European countries shut-down of most economic activities due to their summer vacation, from all of us here at Confirmed Funds, we wish you safe vacation travels, where ever those might be.

References

http://brics6.itamaraty.gov.br/

https://en.m.wikipedia.org/wiki/BRICS

http://news.yahoo.com/brics-launch-bank-tighten-latin-america-ties-034909760.html

http://en.m.wikipedia.org/wiki/Petrodollar

http://www.ft.com/cms/s/f7b876a0-170e-11e4-b0d7-00144feabdc0,Authorised=false.html?

http://www.marketwatch.com/story/why-are-the-brics-starting-a-bank-and-9-more-faqs-2014-07-21

http://www.zerohedge.com/news/2013-05-20/guest-post-coming-collapse-petrodollar-system

http://www.zerohedge.com/news/2014-04-04/us-threatens-russia-sanctions-over-petrodollar-busting-deal

http://brics6.itamaraty.gov.br/agreements


http://www.confirmedfunds.com

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http://reclaimourrepublic.wordpress.com/2014/07/16/video-brics-emerging-nations-plan-their-own-world-bank-imf-fed-up-with-obamanation-yellen-economy-uncertain/

http://reclaimourrepublic.wordpress.com/2014/06/02/video-brave-old-exceptionalist-world-us-bilderberg-v-brics-russia/

http://reclaimourrepublic.wordpress.com/2014/05/28/video-bilderberg-made-mb-obama-official-bilderberg-2014-membership-list-brics-v-bilderberg/

http://reclaimourrepublic.wordpress.com/2014/05/23/who-needs-the-united-states-not-brazilrussia-india-china-and-south-africa-brics/

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http://reclaimourrepublic.wordpress.com/2014/07/24/video-guilt-by-insinuation-how-american-propaganda-works-the-mh17-cover-up/

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http://reclaimourrepublic.wordpress.com/2014/07/07/video-one-world-govt-out-of-the-shadows-what-comes-after-america/

http://reclaimourrepublic.wordpress.com/2014/06/28/double-7-strategy-may-give-china-more-control-over-internet/

http://reclaimourrepublic.wordpress.com/2014/06/21/signing-this-one-law-obama-could-have-very-well-decapitated-the-u-s-dollar/

http://reclaimourrepublic.wordpress.com/2014/06/20/uk-china-signs-100-b-deal-pledge-greater-cooperation/

http://reclaimourrepublic.wordpress.com/2014/06/14/russia-china-deals-another-nail-in-the-coffin-for-u-s-dollar-imf-may-move-from-d-c-to-beijing-obama-silent/

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About ror1774

This Blog is for modern day Patriots who want to Reclaim Our Republic and put it on the right path with a foundation of our Constitution and our Creator God.
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4 Responses to What is BRICS?

  1. Pingback: What is BRICS? | Christians Anonymous

  2. Pingback: What is BRICS?

  3. Pingback: VIDEO The Engineered Fall of the Russian Ruble – Western Banks Cut Off Liquidity To Russian Entities – USA NATO Want War | Reclaim Our Republic

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