BRICS Bank, AIIB Pledge Partnership, Loans To Be Issued In Yuan

Over the first half of the year, we’ve built on several narratives that we believe are critical when it comes to understanding how the intersection of geopolitics and economics is set to shape the world going forward.

One of these narratives revolves around the extent to which three China-led ventures are set to supplant traditionally dominant supranational lenders on the way to embedding the yuan in international trade and investment.

The new ventures are the BRICS bank, the Asian Infrastructure Investment Bank, and the Silk Road Fund. We’ve discussed each of these at length and we’ve also shown that in one way or another, they all represent a shift away from the multilateral institutions that have dominated the post-war economic order.  Continue reading

China & Russia align strategies against US: Global Times

Although they are far from being true allies, they have one goal in common: Exterminate America (See also HERE). “The enemy of my enemy is my friend.” describes perfectly the real relationship. In real life, there are no allies, just interests.

As JR Nyquist mentioned years ago, One Clenched Fist is what will be used to carry out their goal. This is why you should also be concerned about economic crashes since the blame is always shifted outward, and sometimes by means of war.

What’s worse is nobody noticed what was going on right under their nose, or if they did, cared to do something, until it was too late. And now… It’s too late. Their economic and military infrastructure have been set up. America has complacently crossed the Rubicon without knowing and the die have been casted.

Say hello to your future neighbors, Mr. Chang and Boris… if you last that long.

 

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China and Russia are aligning their strategies to team up against the United States, according to a commentary by the Global Times, a tabloid under the auspices of the Communist Party mouthpiece People’s Daily.

Following more than two decades of development, bilateral relations between China and Russia have reached a new phase, the July 18 commentary said, adding that China now considers Russia an irreplaceable partner for all its key strategies. Continue reading

Greece to Escape West’s Chokehold by Joining BRICS Bank – European Lawmaker

Last week, Russia invited Greece to become the sixth member of the BRICS New Development Bank.

MOSCOW (Sputnik), Daria Chernyshova — Greece could climb out of the debt hole created for it by International Monetary Fund (IMF) and the World Bank if it accepts Russia’s proposal to join the BRICS New Development Bank (NDB), Sofia Sakorafa, a member of the European Parliament from the Greek ruling Syriza party, told Sputnik on Monday. Continue reading

Putin signs law on ratification of $100 billion BRICS New Development Bank deal

Russian President Vladimir Putin has signed a law ratifying the deal establishing the BRICS New Development Bank (NDB), according to a document published on Monday on Russia’s official website for legal information.

The BRICS New Development Bank (NDB) was set up to challenge two major Western-led giants – the World Bank and the International Monetary Fund. NDB’s key role will be to serve as a pool of currency for infrastructure projects within a group of five countries with major emerging national economies – Russia, Brazil, India, China and South Africa. Continue reading