China and the BRICS are moving to establish counter-institutions to
unseat the power of the Asian Development bank, the World bank and the
With $100 billion in capital, the new Shanghai based BRIC bank
will eclipse the Japanese controlled Asia Development bank in capital.
This new BRIC bank could easily get major new funding from China and
Russia and could go on to rival the world bank. The only difference is
this BRIC bank will be getting real capital savings invested into whereas
the World bank is getting printed money from the U.S.
Future U.S. trade deficits will no longer get rolled back into U.S.
Treasuries but can now be put into the BRIC bank deploying Chinese
financial power across the world and getting large infrastructure projects
into Chinese firms while developing the countries soft power.
Read more at http://investmentwatchblog.com/brics-bank-about-to-change-everything-china-set-to-extend-financial-muscle-across-the-globe/#AeHmYKY6Pqmw6B4S.99