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Tag Archives: BRICS

China, Russia and South Korea Make Moves Away from Dollar

weak-dollar

BRICS (Brazil, Russia, India, China, S. Africa) is the acronym signifying the next generation of economic power houses. Increasingly, these, and nations like them are working to diminish the U.S. Dollar as the World’s reserve currency. This week, China and Russia took more steps towards that goal. China’s central bank has authorised the Bank of Communications, the country’s fifth largest lender, ...

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South African Guard Tries to Lay Hands On Putin’s ‘Nuclear Suitcase’, Russian Spokesman Throws South African Gov Under the Bus

At this year’s BRICS summit, Russian President, Vladimir Putin’s security detail was challenged while trying to enter a building. via the Daily Mail- Armed guards from Vladimir Putin’s entourage were involved in an ugly fight in South Africa after they were ordered to put top secret suitcases – believed to contain the codes for Russia’s nuclear arsenal – through a ...

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New world order emerging from BRICS summit

Leaders from Brazil, Russia, India, China and South Africa (the BRICS) met in Durham, South Africa this week to discuss a new world bank which will allow them to trade and fund their projects independent of the World Bank and the U.S. Dollar. South African President Jacob Zuma saud that the group has “decided to enter formal negotiations to establish a ...

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