As One Economy Implodes Another Economy Explodes – Rory Hall

sprottmoney.com / By Rory Hall / November 24, 2017

The further back in history one looks, as I have heard Mike Maloney say, the further into the future one can see. What do we see as we look forward from here?

For those paying attention it is easy to see that China, along with her closest ally, Russia, are forming alliances’, growing business opportunities and retooling their domestic economies from the ground up. These nations are embracing the 21st century and 21st century technology that has the worlds attention. Well, most of the worlds attention. If you listen to the US, UK, and their allies mainstream media you would think China and Russia are still 3rd world nations with barely two sticks to rub together to create fire. Nothing could be further from the truth. If anything the Western “developed” nations, like the US, UK and their allies are the nations that are in fact stuck in the 1950’s mindset that their respective nations are in charge of the world – they are not.

If we review what has happened, just this week, in China and Russia and compare this to what is happening in the US/UK we will see polar opposite scenarios playing out.

First up, the positive side of the fence – China and Russia

The BRICS New Development Bank (NDB) has approved two loans – for a water infrastructure project in India and the other is for a transport infrastructure project in Russia.

The Board of Directors (BoD) of the NDB approved two infrastructure projects with a loan value of US$413.8 million during the 12th BoD meeting in Shanghai on November 20.

“The NDB was established to mobilize resources for infrastructure and sustainable development in BRICS and other emerging economies and developing countries, and the two projects approved today are fully in line with the Bank’s mandate and national development plans of our member countries,” said Mr. K.V.Kamath, the NDB President.

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