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Pastimes : Current Events
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From: The1Stockman7/16/2014 3:01:12 PM
   of 1811
 
The Dollar is now under more pressure than ever, as we've seen its reflection in golds price action this week.

The challenge by BRIC is now in full swing, ... its IMF's turn to respond, and suppressing gold is not an option long term, nor is it sustainable.

New Development Bank will provide money for infrastructure and development projects in BRICS countries.
July 15 2014

Unlike the IMF or World Bank, each nation has equal say, regardless of GDP size. “BRICS Bank will be one of the major multilateral development finance institutions in this world,” Russian President Vladimir Putin said on Tuesday at the 6th BRICS summit in Fortaleza, Brazil.

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