FYI, a definite heads up ...... the 6th Summit of BRICS From Boomer (Karatbars International)... Stage 2 is approaching... 6th Summit of BRICS is July 14-16th they are opening a rival banking infrastructure... to the one that uses the US Dollar ( Federal Reserve Note ) IMF, BIS, Worldbanc the US Dollar is a FEDERAL RESERVE NOTE...and it is Not Sovereignly Owned by USA and isnt any more Federal... than Federal Express is. 7/7/2014 From Jeffrey and Helen: At the Sixth Summit of BRICS (Brazil, Russia, India, China and South Africa) to be held July 14, 15 and 16 in Brazil, a new financial architecture is scheduled to be established. A monetary stabilization fund called Contingent Reserve Arrangement (CRA) and a development bank called BRICS Bank will begin to operate after the summit de facto in opposition to the IMF and World Bank. The CRA will have 100 billion, with contributions from China of 41 billion dollars; Brazil, India and Russia, with 18 billion each and South Africa with 5 billion. The BRICS Development Bank will begin operation with a capital of 50 billion dollars with contributions of 10 billion and guarantees of 40 billion from each of its members and will be able to expand to 100 billion dollars within two years, and to 200 billion in five years; it will have a capacity of financing up to 350 billion. According to the Financial Times, China also plans to create an Asian infrastructure bank that will rival the Asian Development Bank, which is dominated by the US and Japan. Russia Today reports that Shanghai is considered to be the front runner to become home of the new BRICS bank. China, Russia, India and South Africa are putting forward cities to be the host of the new bank. The choice of city is expected to be made on July 15. The leadership of the bank will be decided in July and will li kely be rotated every five year 133 countries of the G77... will begin NOT using the Dollar for trade. they will use the new banks baskets of currencies that will cause a massive shift away from demand for dollar...USA will Not be able to Export its Inflated money onto other countries. You and I will have to take that burden... we will EAT all the inflation. The US government collects $5 in taxes and fees to figure out what to do with ONE dollar. FEES are what they call it when they cannot increase taxes ...and want you swallow that. The smart ones who are finding out about Karatbars... AND TAKING MASSIVE ACTION NOW will reap great rewards as the money changes buying power. The ones asleep at the wheel will become the ones to absorb the inflation. The US Goverment has done nothing significant to change its spending habits. All those free programs because you have a right ???? are ALL 100% funded by debt... watch them disappear.
Posted on: Thu, 10 Jul 2014 03:49:26 +0000
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