Birth of a New Gold Currency











BRICS Bank Gold Backing


BRICS Bank Gold Standard






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.




Russia ratifies $100bn BRICS New Development Bank ...


RT.com (Feb 19/15) - The Russian State Duma has ratified the $100 billion BRICS bank that’ll serve as a pool of money for infrastructure projects in Russia, Brazil, India, China and South Africa, and challenge the dominance of the Western-led World Bank and the IMF .......

FULL ARTICLE ...





BRICS Countries Control The Market When It Comes To Gold ...


SRSRoccoReport.com (Feb 19/15) - The BRICS countries now control the overwhelming percentage of the global gold market... net Gold is now leaving the Western countries and being transferred by defacto standard into BRICS countries .......

FULL ARTICLE ...





Is Russia Planning A Gold-Based Currency? ...


Mises.org (Feb 13/15) - A perfect-storm of geopolitical instability, diplomatic isolation, severe currency depreciation, and economic decline now confronting Russia has profoundly de-stabilized Moscow, and possibly for the long-term... yet, it is precisely such conditions that may push the country’s leadership into taking the steps to secure its world-player status once and for all: the adoption of a Gold Standard .......

FULL ARTICLE ...





Central Banks Buy The Second Most Gold In 50 Years ...


ZeroHedge.com (Feb 13/15) - With globally de-stabilizing geo-political events moving ever faster, and with 1St. World central banks increasingly losing control almost on a daily basis .......

FULL ARTICLE ...





Russia to Ratify Agreement on the BRICS New Bank for Development in February ...


RBTH.com (Feb 11/15) - Russia will ratify an agreement on the New Bank for Development set up by BRICS before the end of this month or at the beginning of March, Russian Finance Minister Anton Siluanov said on Monday as he spoke to reporters on the sidelines of a conference of G20 finance ministers and presidents of central banks .......

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India's Trade Ministry Proposes Dramatic cut to Gold Tax ...


ResourceInvestor.com (Feb 11/15) - India’s Trade Ministry is seeking a huge cut in the Gold import duty. According to sources, the Indian Ministry has asked the Finance Minister to lower gold import duty from the existing 10% to as low as 2% .......

FULL ARTICLE ...





BRICS may Set Up $100 Billion Green Fund ...


ClimateActionProgramme.org (Feb 11/15) - The BRICS group of Brazil, Russia, India, China and South Africa is debating setting up a Green Fund under the New Development Bank to support green projects and technologies to promote sustainable development .......

FULL ARTICLE ...





Euro Parliament President says Greece Risks National Bankruptcy ... Greek Finance Minister says Greece Already Bankrupt ...


ZeroHedge.com (Feb 4/15) - European Parliament President Martin Schulz warned ominously that Greece risks national bankruptcy if it continues down the path of non-agreement when Greek finance minister Yanis Varoufakis has previously explained quite clearly that Greece is already bankrupt .......

FULL ARTICLE ...





ECB Blocks Funding To Greece ...


ZeroHedge.com (Feb 4/15) - What this means simply is that since Greek banks are now unable to pledge Greek bonds as collateral and fund themselves, and liquidity is about to evaporate, the ECB has just given a green light for Greek bank runs .......

FULL ARTICLE ...





European Central Bank tightens the Screws on Greece ...


Bloomberg.com (Feb 4/15) - The European Central Bank has just announced the suspension of eligibility of Greek sovereign debt as collateral for its liquidity operations starting February 11th .......

FULL ARTICLE ...





China Continues To Drain Global Gold Supply ...


BullionStar.com (Jan 29/15) - Withdrawals from China's Shanghai Gold Exchange has been strong in 2014. In total 2,102 tons of Gold flowed thru it's vaults - which represents aprox. 88% of the entire new Gold supply mined on on planet Earth per year .......

FULL ARTICLE ...





EU & Wall Street Bankers: "Defy Us & We Will Destroy You" ...


KingWorldNews.com (Jan 29/15) - To remind the newly elected Greek government of the whip that is held over Greek financial markets, Greek bond and stock prices were assaulted and driven down..... the warning from the EU and Wall Street is clear: Defy us and we will destroy you .......

FULL ARTICLE ...





Germany Repatriates 120 Tons Of Gold In 2014 ...


BullionStar.com (Jan 29/15) - The Central Bank of Germany has just released the numbers of their Gold repatriation activities in 2014. The Germans shipped home 85 tons of Gold from the Federal Reserve Bank of New York and .......

FULL ARTICLE ...





Russia Buys Most Gold In Six Months, Continues Selling US Treasuries ...


ZeroHedge.com (Jan 20/15) - The rumors of Russia selling its gold reserves were greatly exaggerated as not only did Putin not sell, Russian gold reserves actually rose by their largest amount in six months in December to just over $46 billion - near the highest since April 2013 .......

FULL ARTICLE ...





Central Bank of Russia Bans Credit Ratings from Standard & Poor’s, Fitch, or Moody’s ...


RT.com (Jan 20/15) - The Central Bank of Russia will no longer use credit ratings from Standard & Poor’s, Fitch, or Moody’s that were assigned after March 1, 2014.... all credit ratings given to Russian companies and banks will now be at the discretion of the Board of Directors of the Bank, according to a press statement Monday .......

FULL ARTICLE ...





China Central Bank Raises Re-Lending Quota by $8.1 Billion ...


TheBricsPost.com (Jan 16/15) - Beijing is looking to step up targeted support for the economy as China’s central bank on Friday raised its re-lending quota by 50 billion Yuan ($8.17 billion) to boost financial support for farmers and small businesses, the under-funded sectors of the economy .......

FULL ARTICLE ...





China and Russia to Launch New Credit Rating Agency ...


RT.com (Jan 15/15) - The new Credit Rating Agency is being set up to rival the existing agencies Moody's, S&P and Fitch, and its first rating will be issued this year..... The new agency will be based in Hong Kong, and will provide a check on the "Big Three" rating agencies which some analysts say don’t provide an accurate reading of economic situations .......

FULL ARTICLE ...





China Announces $6.5 Billion Govt Venture Capital Fund ...


TheBricsPost.com (Jan 15/15) - The Chinese Cabinet on Wednesday announced it would create a 40 billion yuan ($6.54 billion) government venture capital fund in its latest effort to spur innovation..... the government initiative aims to attract social capital investment

After an open bidding process, several fund management companies will be selected to manage the fund and be given the authority to make investment decisions .......

FULL ARTICLE ...





Has Russia Just Pulled Itself Out Of The Petrodollar ...


ZeroHedge.com (Jan 14/15) - According to sources, Russia may unseal its $88 billion Reserve Fund and convert some of its foreign-currency holdings into rubles, the latest government effort to prop up an economy veering into its worst slump since 2009 .......

FULL ARTICLE ...





Brazil's Rousseff Vows to Restore Economic Growth in 2nd Term ...


Xinhuanet.com (Jan 2/15) - Brazilian President Dilma Rousseff, who kicked off a second term Thursday, vowed that restoring economic growth will be a priority of her new administration.... "Brazil is determined to resume growth," said Rousseff in her first speech to the parliament, adding that "the first steps of this journey are an overhaul of public accounts, increasing domestic savings, beefing up investments and improving productivity." .......

FULL ARTICLE ...





Putin Supports Xi’s New Diplomatic Strategy to put China Centre Stage ...


EastAsiaForum.org (Jan 2/15) - China is working to make the international order suit its interests better and put China front and centre in global affairs. Xi Jinping’s new diplomatic focus on multilateral diplomacy includes giving new profile to existing arrangements where China can lead, such as the BRICS and Shanghai Cooperation Organization (SCO). He is also pushing his own initiatives, such as the Asian Infrastructure Investment Bank, while pursuing economic reform and military modernization .......

FULL ARTICLE ...





British & USA Waging Financial Warfare Against Russia? ...


Larouchepub.com (Jan 2/15) - Russian officials already leave no doubt, that they see the year-end attacks on the ruble as part of a regime-change drive that will not be tolerated. Former Prime Minister Mikhail Fradkov, current head of the Foreign Intelligence Service (SVR), so warned on Dec. 5, ten days before the Black Monday (Dec. 15) crash of the Russian currency by 12% in one day .......

FULL ARTICLE ...





Central Bank of Russia Launches SWIFT Alternative for Domestic Payments ...


RT.com (Dec 28/14) - The Central Bank of Russia (CBR) has launched a new SWIFT-style payment service aimed at moving away from Western financial dominance. The system is already operating, and will be fully functional within six months.... the new service was launched in order to ensure smooth and safe transmission of financial messaging within the country, and is another step towards improving the system of services provided by the Bank of Russia .......

FULL ARTICLE ...





China Steps In as World's New Bank By Defacto Standard ...


Bloomberg.com (Dec 28/14) - Thanks to China, Christine Lagarde of the International Monetary Fund, Jim Yong Kim of the World Bank and Takehiko Nakao of the Asian Development Bank may no longer have much meaningful work to do.... Beijing's move to bail out Russia, on top of its recent aid for Venezuela and Argentina, signals the death of the post-war Bretton Woods world .......

FULL ARTICLE ...





China-backed $50 Billion Nicaragua Canal Project Launched ...


TheBricsPost.com (Dec 28/14) - The launch of the China-backed Nicaragua Canal project is set to spur the economy and potentially turn the country into a Central American trade hub..... the $50 billion project, which will rival the Panama Canal to the south when completed in 2019, is being built in southern Nicaragua by the Hong Kong-based Nicaragua Canal Development Investment Co .......

FULL ARTICLE ...





India Imports record 6,789 Tons of Silver Bullion year-to-date ...


BullionStar.com (Dec 23/14) - Silver and Gold imports into India have been spectacular... just during November alone India imported 1,254 tons of silver - a record as far as my data goes back .......

FULL ARTICLE ...





Yuan-Ruble Swap Shows China Challenging IMF as Emergency Lender ...


Bloomberg.com (Dec 23/14) - China has stepped up its role as the lender of last resort as evidenced by expanding a $24 billion currency swap program to help Russia weather the worst economic crisis since the 1998 default .......

FULL ARTICLE ...





China Challenges US Economic War against Russia ...


GlobalResearch.ca (Dec 23/14) - Directly challenging the NATO powers policy of cutting off credit to Russia, China has stepped up to pledge financial aid to Moscow .......

FULL ARTICLE ...





Russia’s New Financial Architecture, BRICS and the SCO ...


GlobalResearch.ca (Dec 22/14) - Vladimir Putin had a working meeting with the President of the Russian Chamber of Commerce and Industry Sergei Katyrin to discuss the organisation of international business forums, particularly within the framework of the SCO and BRICS .......

FULL ARTICLE ...





China, Brazil Have Banner Year ...


ChinaDaily.com (Dec 22/14) - In review of the relationship between China and Brazil over the past year, Chinese Latin-America watchers used the word "fruitful". During Chinese President Xi Jinping’s visit to Brazil in July, the two leading emerging economies consolidated their booming partnership and signed more than 50 cooperation agreements in economic, cultural and political sectors .......

FULL ARTICLE ...





US More Isolated, BRICS to Get Greater Voting Power at IMF ...


TheBricsPost.com (Dec 22/14) - Months after the formation of new financial institutions like the $100 billion BRICS Bank and the China-led Asia Infrastructure Investment Bank, Christine Lagarde, managing director of the International Monetary Fund (IMF), said Friday that the organization is ready to discuss IMF voting reforms without the United States to give BRICS and emerging countries greater voting power .......

FULL ARTICLE ...





China Ready to Assist Russia in Solving Economic Problems ...


SputnikNews.com (Dec 22/14) - Beijing is willing to assist Moscow, but believes that Russia “has the ability and the wisdom to overcome the existing hardship in the economic situation," China's Foreign Minister Wang Yi said, the South China Morning Post reported .......

FULL ARTICLE ...





China to Build 7 Million Low-Cost Homes in 2015 ...


TheBricsPost.com (Dec 22/14) - China will begin construction of seven million homes under a affordable housing program in 2015 where it will increase the supply of land for homes and spend more on affordable housing projects.

Indian Prime Minister Narendra Modi has also vowed to adopt a similar low-cost housing policy that would ensure every family in Asia’s third-largest economy has a home by 2022 .......

FULL ARTICLE ...





BRICS speed up process to set up New Development Bank ...


DNAIndia.com (Dec 15/14) - India has said it has begun the internal process to set up the USD-100 billion New Development Bank and member countries -- Brazil, Russia, India, China and South Africa -- are said to be working to expedite the ratification procedures to make the NDB a reality within the shortest possible time .......

FULL ARTICLE ...





China commerce official upbeat on BRICS growth ...


GlobalTimes.cn (Dec 15/14) - China's assistant minister of commerce said BRICS nations have the potential for long-term stable growth backed in multiple ways.... the official made the projection based on his analyses that infrastructure construction is being sped up noticeably, and domestic consumption has also been expanding among the developing BRICS markets which include Brazil, Russia, India, China and South Africa .......

FULL ARTICLE ...





Frozen in time: World Bank, IMF ...


LiveMint.com (Dec 15/14) - The Bretton Woods conference of 1944 put in place the institutional framework to rebuild the financial and economic system destroyed by the Great Depression and the War, spawning the International Monetary Fund (IMF) and the World Bank (WB)..,, however, this system broke down in 1971 when the dollar went off the Gold standard .......

FULL ARTICLE ...





President Putin: Discovery of New India ...


SputnikNews.com (Dec 15/14) - One of the most important parts of building the BRICS community is the agreement to use our national currencies to serve the goods transfer between our countries .......

FULL ARTICLE ...





BRICS Becoming a Significant Alternative Voice in the International Arena ...


RT.com (Dec 11/14) - The BRICS could emerge as a voice for an alternative world view and development model as there is a good scope to take the relationship forward, Rajiv Sikri, former secretary at India’s Ministry of External Affairs, told RT .......

FULL ARTICLE ...





Russia’s New Strategy in Asia ...


PressTV.ir (Dec 11/14) - So as Russia looks to the BRICS nations to counter Western pressures, what does this mean for things to come Did the West miscalculate and pave the way for greater cooperation between some of the fastest growing economies in the world .......

FULL ARTICLE ...





India's Modi: 'Russia Is India's Closest Friend' ...


BusinessInsider.com.au (Dec 11/14) - Russian President Vladimir Putin isn’t exactly the West’s favourite person right now, but it looks like he’s finally found a friend.

“Russia is India’s closest friend, and the preferred strategic partner,” India’s Prime Minister Narendra Modi said on Thursday during a meeting with Putin.......

FULL ARTICLE ...





World at Crossroads: BRICS Paradigm or War? ...


LarouchePub.com (Dec 11/14) - I think it is a fair statement to say that the future destiny of mankind will depend on the question of whether the United States and, to a secondary degree, Europe, will take up the offer made by President Xi Jinping to President Obama at the press conference during the APEC conference, where Xi invited the United States, and other major nations, to cooperate with a whole set of policies promoted by China and also the BRICS countries.......

FULL ARTICLE ...





The New Cold War Policy is Backfiring ...


EurasiaReview.com (Dec 11/14) - The world’s geopolitics, major trade patterns and military alliances have changed radically in the past month. Russia has re-oriented its gas and oil trade, and also its trade in military technology, away from Europe toward Eurasia.

The result is the opposite of America’s hope for the past half-century of dividing and conquering Eurasia: setting Russia against China, isolating Iran, and preventing India, the Near East and other Asian countries from joining together to create an alternative to the U.S. dollar area. American sanctions and New Cold War policy has driven these Asian countries together .......

FULL ARTICLE ...





Putin Arrives in India; Over 15 Deals on the Table ...


TribuneIndia.com (Dec 10/14) - Sources in the government said at least 15 to 20 agreements, including one in the field of media, could be signed at the summit with Russians stating that the country is keen on taking forward negotiations on the Kudankulam nuclear power project phase 3-4 as it looks to set up about 20 to 24 nuclear units in the country.... Besides seeking to augment nuclear energy, India is also keen on increasing its sources of supplies of hydrocarbons .......

FULL ARTICLE ...





Putin Arrives for Summit Talks with Modi Tomorrow ...


PTINews.com (Dec 10/14) - Russian President Vladimir Putin arrived here late tonight for annual summit talks with Prime Minister Narendra Modi tomorrow that is aimed at building on the already close strategic ties, particularly in the fields of nuclear energy, hydrocarbons and defence .......

FULL ARTICLE ...





Is Russia Moving Towards a Gold Petro Dollar? ...


Gold-Eagle.com (Dec 8/14) - Speculative articles are beginning to appear on the internet that hint Russia may be moving towards a Gold Petro Dollar for it's energy exports ... what this means essentially is; Russia may be moving towards a system where Russia requires a buyer of it's energy exports to pay for a portion (or all) of it's purchases in Gold Bullion .......

FULL ARTICLE ...





Centre Begins Process for Selecting First Chief of BRICS development Bank ...


FinancialExpress.com (Dec 1/14) - India has initiated discussions on appointment of the president of the proposed BRICS development bank..... “The thought process on appointing the first president of the BRICS Bank has begun. The government is considering two options — we can either set up a search committee or advertise for the post,” said a source familiar with the development .......

FULL ARTICLE ...





India Eases Gold Import Restrictions ...


Bloomberg.com (Dec 1/14) - The Reserve Bank of India on Nov. 28 unexpectedly removed rules requiring importers to sell 20 percent of their shipments to jewelers for re-export. The end of the regulation, which limited buying since its introduction in July last year, will reduce smuggling and return domestic demand to normal levels of about 800 metric tons to 900 tons annually, the Indian Bullion and Jewellers Association Ltd. estimates .......

FULL ARTICLE ...





China Must Speak Up for Developing Countries ...


TheBricsPost.com (Dec 1/14) - In a key foreign policy address to the Central committee of the ruling CPC, Chinese President Xi Jinping has underlined the importance of Beijing championing the cause of the developing countries..... “We are firm in our position that all countries, regardless of their size, strength and level of development, are equal members of the international community and that the destiny of the world should be decided by people of all countries. We should uphold international justice and, in particular, speak up for developing countries,” said Xi .......

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