Birth of a New Gold Currency











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BRICS Currency

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The BRICS countries (Brazil, Russia, India, China, and South Africa) since 2009 have been formulating a new Banking & Currency pact to improve long-term trade & stable economic growth amongst their countries.

During July of 2014, the BRICS nations finally signed the long anticipated agreement to formally construct the new BRICS Bank and Reserve Currency pool.

The new BRICS Bank will be headquartered in Shanghai China, and the first President of the bank will be from India.

The BRICS nations comprise aprox. 41% of the world's population and aprox. 20% of the world's GDP.

2 of the BRICS nations (China and India) are the #1 and #2 consumers of Gold on the planet... and 2 BRICS nations (China & South Africa) are the largest producers of Gold in the world.

It is speculated by some economists/analysts that Gold will likely form some type of role within the new BRICS banking system - particularly given the rapid rise of bad debt in the world recently.




China, India Home to 860 Million Internet Users ...


TheBricsPost.com (Nov 26/14) - China and India are home to around 860 million Internet users, almost 30 per cent of the world’s total and 66 per cent of Internet users in the Asia-Pacific region, the United Nations’ ITU agency says in a new report..... “Penetration rates in the two countries differ greatly, though, reflecting their overall differences in income and other development indicators: while the percentage of Internet users in China is 46 per cent, it is only 18 per cent in India .......

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BRICS Nations Promising for Future Capacity Demand ...


SatelliteToday.com (Nov 25/14) - Representing close to half the world’s population, the BRICS nations — Brazil, Russia, India, China and South Africa — are markets the satellite industry has been watching closely to gauge how their national growth rates correlate to that of the industry .......

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"BRICS system" – Healthy Alternative to Defunct Dollar System ...


RT.com (Nov 24/14) - The BRICS Bank marks a major step to de-dollarization, and a new monetary system. It should replace the Western-dominated “predatory casino scheme” that has contributed to world wars and “economic terrorism,” says former World Bank economist Peter Koenig...... “A ‘BRICS system’ would offer a healthy alternative to the highly indebted and defunct dollar system, where money is printed at will,” Koenig said in an interview with Asam Ismi of the Canadian Centre for Policy Alternatives .......

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De-Dollarization: Is BRICS a Viable Alternative to the U.S. Dominated World Economic System? ...


GlobalResearch.ca (Nov 22/14) - Is BRICS (Brazil, Russia, China, India and South Africa) a viable alternative to the present U.S.-dominated world economic system and does it have the potential to replace it? Are we witnessing the birth of a new international economic order in BRICS and the Russia-China energy deal? .......

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Russia to focus efforts on expanding cooperation within BRICS ...


Itar-Tass.com (Nov 18/14) - As of April next year Russia will take over the rotating presidency of the BRICS group. Rissia's efforts will be focused on the further expansion of cooperation within our association..... At a meeting of the leaders of BRICS countries on the sidelines of the G20 summit in Brisbane, Australia, Russian President Vladimir Putin invited the BRICS leaders to a summit in Ufa, the capital of the Russian republic of Bashkortostan, on July 8-9 .......

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BRICS is more important than G20 ...


Vestnikkavkaza.net (Nov 18/14) - "The fact that a meeting of the heads of BRICS countries was held within the G20 summit is thought to be the most important thing", Alexander Gusev, the head of the Center for Strategic Development of the CIS Countries of the RAS Institute for Europe, says. All countries of BRICS criticized Western sanctions against Russia. Now Indonesia and Argentina want to combine their positions in economic and political spheres with the developing union, which includes Brazil, Russia, India, China, and South Africa .......

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BRICS leaders disappointed with non-fulfilment of IMF reform ...


Itar-Tass.com (Nov 18/14) - Leaders of the BRICS developing-nation grouping of Brazil, Russia, India, China and South Africa are disappointed with non-fulfilment of an International Monetary Fund IMF reform and suggest discussing further steps, if the United States does not ratify reforms before the end of 2014..... If the U.S. does not ratify the 2010 reforms by the end of this year, BRICS leaders urged the Group of Twenty (G20) to .......

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Global Gold Demand Beginning to Overwhelm Global Gold Supply ...


ZeroHedge.com (Nov 16/14) - We see almost 60 tons a week being delivered on the Shanghai Gold Exchange. Well, you start annualizing 60 tons a week you’re talking 3,000 tons a year now. We saw 94 tons of gold go into India in September. We saw the Russian Central Bank buy 37 tons of gold in September. I mean I could come up with numbers that might suggest that we’ve got 400 tons a week of demand. And we only got 230 tons a week of mine supply. And I’ve only gotten to three data points. I haven’t even gone to the rest of the world .......

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How Powerful Are The BRICS? ...


EurasiaReview.com (Nov 14/14) - Since the creation of the acronym in 2001, the BRICS countries have met six times at high level summits...... Brazil, Russia, India, China and South Africa are (re)emerging powers predisposed towards multipolar governance of the international order..... Their recent meeting on July 15 in Fortaleza Brazil highlights .......

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BRICS GPD's Exceeds Those of G7 — Putin ...


Itar-Tass.com (Nov 14/14) - The GDP's of BRICS countries calculated at the purchasing power parity are greater than those of the G7, Russian President Vladimir Putin said in an exclusive interview with TASS ahead of the G20 summit in Brisbane, Australia .......

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BRICS Leaders to Hold Talks Before G20 Summit ...


RBTH.com (Nov 14/14) - The leaders of the BRICS countries will meet before the G20 summit in Brisbane, Australia, Russian presidential aide Yury Ushakov said, according to Interfax.... “The main task is to reach agreements on the main issues on the agenda of the G20 summit .......

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BRICS to Propose IMF Reform at G20 Summit ...


RBTH.com (Nov 14/14) - At the G20 summit in the Australian city of Brisbane on November 15-16, Russia and other BRICS countries (Brazil, India, China and South Africa) will propose alternative solutions concerning the reform of the International Monetary Fund, involving, in particular, gradual implementation of reforms, Russian G20 Sherpa Svetlana Lukash told reporters .......

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BRICS: Moving Towards a New Global Financial Architecture ...


GlobalResearch.ca (Nov 13/14) - In the near future BRICS will be trading in their own currencies, including a globally convertible Yuan, further away from the US dollar and the petrodollar. All these actions are strengthening financial stability of BRICS – a some kind of safety net precaution, an extra line of defense .......

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Putin Stockpiling Gold - Taking Advantage of Cheap Gold Prices ...


Telegraph.co.uk (Nov 13/14) - Russia has taken advantage of lower gold prices to pack the vaults of its central bank with bullion as it prepares for the possibility of a long, drawn-out economic war with the West..... The latest research from the World Gold Council reveals that the Kremlin snapped up 55 tonnes of the precious metal - far more than any other nation - in the three months to the end of September as prices began to weaken .......

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Is Putin Is About To Rock The Gold, Oil & Currency Markets? ...


GATA.org (Nov 13/14) - Picking up a theme long expressed by fund manager and geopolitical strategist James G. Rickards, market analyst Victor Sperandeo tonight tells King World News that all Russian President Vladimir Putin has to do to control the currency, energy, and commodity markets is to ban acceptance of U.S. dollars for purchase of Russian oil and gas .......

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Ruble-Yuan Settlements will Cut Energy Sales in US Dollars – Putin ...


RT.com (Nov 13/14) - Doing away with the US dollar and switching to ruble and yuan payments will significantly increase Russia and China’s say in energy and financial markets, Vladimir Putin has said, adding that the first deals are already underway .......

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Russia’s Central Bank to Create Alternative to SWIFT Bank Transaction System ...


Itar-Tass.com (Nov 12/14) - Russia’s Central Bank plans to create a domestic alternative to the SWIFT international bank transaction system by May 2015, a Central Bank official said on Tuesday..... The idea of creating a Russian alternative to the SWIFT international bank message system was put forward by Russia’s Union of Industrialists and Entrepreneurs and the Rossiya banking association in September .......

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Russia Seeks Global Influence ...


DailyFX.com (Nov 12/14) - During the Asia-Pacific Economic Cooperation (APEC) Summit, Russian President, Vladimir Putin, expressed Russia’s intent to bear greater influence on global markets through BRICS collaborations, with particular emphasis on dealings with China..... After noting that APEC accounts of 37% of world trade, Putin cited cooperation with the Asia-Pacific region as a strategic priority. In particular he highlighted the recent success of Russia and China in the energy sector .......

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Banking on a New Outlook for the Future ...


GulfNews.com (Nov 12/14) - Despite fierce US opposition to its creation that led to the withdrawal of South Korea, Indonesia and Australia, the support and insistence of China and India ensured the formal announcement to set up the Asian Infrastructure Investment Bank late last month..... The importance stems from the bank’s enormous capabilities and the competitiveness it can offer to traditional financial institutions, such as the World Bank and the International Monetary Fund .......

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Noted by Many as Putins' Most Important Speech on International Affairs ...


TheMalaysianReserve.com (Nov 11/14) - Noted by many as his most important speech on international affairs, Putin made a clarion call to the international community on the need to have a counterweight to Washington’s global influence. Putin believes that orientation towards the US have permeated various international bodies like UN, WTO, World Bank – bringing with it more disorder than before, challenging the very foundation of the Westphalian international system that characterises our modern world..... Earlier this year Putin ruffled feathers in Washington with a few moves of his own. He established a bank for the BRICS country that constitute a challenge to the US and Euro-led World Bank and IMF .......

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Jim Rogers: By the End of this Decade the US Dollar will Lose World Dominance ...


MarketSanity.com (Nov 11/14) - Jim Rogers: “The Dollar’s a seriously flawed currency, and people need something else to use. Whether it’s the Ruble or Renminbi or what, I don’t know – I suspect it will be the Renminbi – but the world is starting to realize it must move away from the US Dollar” .......

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New Currency Wars Cometh - Gold To Be “Last Man Standing” ...


GoldCore.com (Nov 11/14) - Currency wars are set to warm up again, after Japan's radical decision to further debase its currency through an intensification of already significant monetary easing..... Currency wars are set to intensify again. Indeed, Saxobank has warned of a new “full scale” currency war. We are in a full-blown currency war and the ECB will feel under pressure to take part in that,” said Nick Beecroft, non-executive chairman and senior markets consultant at Saxo Capital last week..... Chief Economist and CIO of Saxobank, Steen Jakobsen warned yesterday that there's an increasing risk we will soon see a "significant paradigm shift" from China in its attitude to the strength of its currency .......

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China To Launch $40B Silk Road Fund To Back Asian Infrastructure Upgrade ...


ChinaMoneyNetwork.com (Nov 11/14) - The Chinese government plans to establish a US$40 billion Silk Road Fund to invest in infrastructure projects in Asia with an aim to upgrade trade and transportation networks between China, Central Asia and Europe, says Chinese President Xi Jinping in a speech in Beijing...... The investment vehicle, drawing its name from the ancient trade route connecting China and the Mediterranean Sea, will be open to outside investors .......

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BRICS Leaders to Meet at G20 ...


AllAfrica.com (Nov 11/14) - On the sidelines of the G20 Leaders' Summit, BRICS Leaders are expected to meet “to reflect” on the progress made with regard to the implementation of the 2014 Fortaleza Declaration. The meeting is expected to focus on the establishment of the New Development Bank and its Africa Regional Centre .......

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Saxobank CIO Warns We're About To See A Full-Scale Currency War ...


ZeroHedge.com (Nov 11/14) - There's increasing risk we'll soon see a "significant paradigm shift" from China in its attitude to the strength of its currency, warns Saxobank CIO and Chief Economist Steen Jakobsen. He says we're about to see a full-scale currency war, notably between China and Japan, two of the world's greatest exporting countries .......

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Russia, China Move Towards Deal to Switch Away from the US Dollar ...


TheGlobalDispatch.com (Nov 10/14) - Putin confirmed plans and dealings to move away from the US dollar and switching to the ruble and the yuan in settlements in energy and financial markets. “Payments in rubles and yuan are very promising. Switching to such a large-scale work means that the impact of the dollar on the global energy sector will objectively decline. This is not bad either for the global economy, or the world of finance and the world energy markets,” Putin said .......

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BRICS Bank Welcomes Alternative to Fund Infrastructure ...


India.com (Nov 10/14) - The recently created BRICS bank is a welcome development in having multiple funding options for the much-needed investment for the infrastructure sector, Suresh Prabhu, Prime Minister’s Narendra Modi’s key interlocutor for G20 said Sunday. There are multiple agencies, multiple entry points to make infrastructure investment happen .......

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China’s Asian Bank May Herald A New World Order ...


Indepthnews.info (Nov 10/14) - Since the 2008 economic meltdown, Europeans and the Americans have been asking the Chinese to contribute more to the Bretton Woods institutions. The Chinese, on the other hand, have been demanding reforms to the hegemonic system of management and voting rights in these institutions that favour the Americans and the Europeans. Both appeals have mainly landed on deaf ears..... Now the Chinese have decided rather than using their enormous financial reserves to prop up a world economic order that does not give them a say in its governance procedures, they will set up their own institutions. Many of the emerging nations seem to agree with China .......

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It’s Now Total War Against the BRICS ...


RT.com (Nov 10/14) - Fasten your seat belts: the information war already unleashed against Russia is bound to expand to Brazil, India and China..... Brazil, Russia, India and China, as it’s widely known, are the top four members of the BRICS group of emerging powers, which also includes South Africa and will incorporate other Global South nations in the near future. The BRICS immensely annoy Washington – and its Think Tankland – as they embody the concerted Global South push towards a multipolar world .......

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Brazil Votes for a Future with the BRICS ...


LarouchePub.com (Nov 9/14) - Brazilians delivered a stinging defeat to the British Empire, by re-electing Dilma Rousseff as President on Oct. 26. Rousseff has made clear, that under her leadership, Brazil will continue its active participation in advancing the new world financial and security architecture coming together around the BRICS grouping (Brazil, Russia, India, China, and South Africa) and its growing list of allies .......

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Jim Yong Kim’s Efforts to Reform World Bank are in Trouble ...


Economist.com (Nov 9/14) - The fury would not have been much greater if anti-capitalist activists had taken over the vast atrium of the World Bank’s headquarters in Washington, DC. Yet the protesters who did so last month were the Bank’s own employees. The goodwill that first greeted the modernisation plans of Jim Yong Kim, the Bank’s president since 2012, has turned to rancour .......

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South Africa Rejects Criticisms in Western Financial Media ...


EmergingMarkets.org (Nov 9/14) - South Africa’s finance minister has hit back at criticisms in Western financial circles of the five Brics countries’ attempt to create a New Development Bank...... Nhlanhla Nene said the NDB, often called Brics bank, was not a “stillborn” institution, as Emerging Markets called it on Thursday...... “We only concluded the establishment of the bank a few months ago. So it would be a bit unfair to say that nothing has happened, because it is actually happening now,” he said .......

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BRICS Bank does not Scare Us Insists ADB’s Nakao ...


EmergingMarkets.org (Nov 9/14) - The head of the Asian Development Bank yesterday insisted that he was not “scared, threatened or cornered” by the emergence of a slew of new infrastructure banks and alliances that are springing up around the world...... The Brics grouping of Brazil, Russia, India, China and South Africa is setting up what it calls the New Development Bank and China is leading plans for an Asian Infrastructure Investment Bank (AIIB) .......

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Expand BRICS into BRICKS? ...


IndiaTimes.com (Nov 9/14) - The five-member block of emerging economies, BRICS, should consider drawing Kenya into its fold to become 'BRICKS', World Bank's Chief Economist and India's former Chief Economic Advisor Kaushik Basu has said .......

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