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BRICS nations agree on $100 billion bank to rival IMF, world bank

N.W.O Resistance

Could this be the beginning of the end of the Zionist banking cartels that have plagued the world?

Reply 1

Rakas21

Original post by N.W.O Resistance

Could this be the beginning of the end of the Zionist banking cartels that have plagued the world?

The simple answer is no, it's less than half the funding that the world bank has and China actually contributes around 9% of world bank funding (not the actions of somebody bent on destroying the dollar). It's simply another step towards the BRIC nations gaining more strength but it's not going to have a catastrophic effect on the dollar.

Reply 2

barneystin

$100 billion is nothing really.

Apple is worth $500 billion, and has about $100 billion cash just sitting there on a balance sheet, being put to no use.

Reply 3

ronmack

Original post by barneystin

$100 billion is nothing really.

Apple is worth $500 billion, and has about $100 billion cash just sitting there on a balance sheet, being put to no use.

More like 150 billion. They do have China will be interesting to see how it plays out.

(edited 9 years ago)

Reply 4

barneystin

Original post by ronmack

More like 150 billion. They do have China will be interesting to see how it plays out.

Oh ok. Dont really follow Apple. but was just making the point that $100 billion isnt really that much

Will be much more interesting to see how Blackberry will play out with handsets, IOT, and its new niche. Looks like a great acquisition target for numerous companies, but Chen is adamant on creating shareholder value first.

What do you make of the Apple IBM partnership?

Reply 5

ronmack

Original post by barneystin

Let's wait and see, Blackberry is truly struggling, they did have surplus in q1.

Reply 6

barneystin

Original post by ronmack

Let's wait and see, Blackberry is truly struggling, they did have surplus in q1.

BBRY is not struggling. i am currently a shareholder and bullish on its future.

Reply 7

skunkboy

Lol. It depends.

Posted from TSR Mobile

Reply 8

ronmack

Original post by barneystin

BBRY is not struggling. i am currently a shareholder and bullish on its future.

I invested in Tesla when it was $94. BB is still struggling, sure they just came from nice high doesn't mean it won't go back down. 23 million profit in q1 is struggling coming back from a billion dollar lost. It will be interesting to see, i'm curious cuz i am a big bb supporter.

Reply 9

barneystin

Original post by ronmack

Restructuring. yes.
struggling. no.

Chen said himself there are no concerns about the companies viability.

If you follow BBRY you will surely see its importance in the IOT. Handsets are great and whatever, but they are not the future, they are just creating cash flow for the present.

Reply 10

ronmack

Original post by barneystin

Best of luck to BB still.

Reply 11

democracyforum

Iran should have joined instead of South Africa.

Reply 12

A_Howells

So they're looking to rival the IMF, which is largely funded by the US, and they're using US dollars to fund the IMF? $100 billion is a very little amount in the grand scheme of things,

Why were the BRICS Bank set up to operate with American dollars though. It won't be a threat to the American dollar as the world reserve currency.

I am not worried with BRICS nations and economies however, the productivity per capita is still way to low to cause western countries huge threat.