Australia's largest stock trading and investment forum Australia's #1 stock forum

GOLD

Click for more information

0.51%

$1,391.7 gold futures

South America hail new BRICS bank, page-2

First 2 Last

Share
Profile

Follow
timber1956

7,423 Posts.

152

21/07/14

17:10

Post #: 13691595
Share

Originally posted by All4One ↑

Apparently from an article Ive read Christine Legarde has written to the Brics Bank member nations offering to work with them in their efforts. The response was that the IMF can work with Brics under Brics control and Brics conditions.
There seems to be a lot of distrust in the Brics Bank to the IMF. Looks like the Brics is going to save Argentina.

South American leaders hail new BRICS bank

The leaders also used the occasion to voice support for Argentina in a US$1.3 billion (S$1.6 billion) debt battle with hedge funds that could sink the country into default by the end of July. - See more at:
http://www.straitstimes.com/news/wo...-new-brics-bank-20140717#sthash.HMWn6Lsx.dpuf

http://www.straitstimes.com/news/wo...american-leaders-hail-new-brics-bank-20140717

Expand

All4One,

I am amused to note that this first transaction from the BRICS Bank, which is hailed as the beginning of the end for the US dollar, should be reported in US dollars. LOL
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 6 more messages in this thread...

First 2 Last

Add GOLD (COMEX) to my watchlist

SPONSORED BY