The BRICS Development Bank (NDB) & its Contingency Reserve Arrangement (CRA) are dollar denominated entities. Unless they are coupled with a multi-currency system of trade & credit, they do not threaten dollar hegemony.
- Sowing the GMO Seeds of Depopulation?
- “War is just a Racket”: Memorial Day Is A Hoax. “Our Soldiers Died for the Profits of the Bankers”
- The Pentagon’s Strategy for World Domination: Full Spectrum Dominance, from Asia to Africa
- Opinion: Is Israel America’s Friend? Or America’s Enemy?
- Follow Global Research on Twitter
- China: Rise, Fall and Re-Emergence as a Global Power
The Eurasian Economic Union is a reality that may end up costing the US its “perch” in Eurasia’s western periphery as a Common Economic Space is formed. The “Middle Space” is clearly resurgent. Moscow is a major political, socioeconomic and cultural force in European affairs
In practice, the IMF does not wield “sound economic governance” nor does it protect the vulnerable. It impoverishes entire populations, while providing “prosperity” to a small corrupt and subservient political and economic elite.
The credit card business is the banking industry’s biggest cash cow, largely due to lucrative hidden fees. Visa and MasterCard are independent entities set up by big Wall Street banks, which get about 80% of the fees.