BRICS Bank Proposes New World Currency!
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, reports RT.
“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.
A ‘BRICS system’ should be based on a new currency, which Koenig called ‘Bricso.’
A new monetary system should replace the existing
FED-BIS (Bank for International Settlement)-Wall Street
“dollar denominated predatory casino scheme
that has in the last
100 years alone largely contributed to – and benefited from
two world wars and economic terrorism.
A new monetary system should replace the existing FED-BIS (Bank for International Settlement)-Wall Street “dollar denominated predatory casino scheme that has in the last 100 years alone largely contributed to – and benefited from – two world wars, impoverished our planet, socially and environmentally,” Koenig said:
“This system is at the verge of a larger abyss than the depression of the 1930s.”
Moreover, he thinks BRICS is already in process of replacing it. Increasing cooperation between Russia and China is a clear example – the two countries started to carry out ruble-yuan swaps in June 2014 in order to free themselves from the traditional trading currency, the US dollar.
Ten years ago, the world’s reserves consisted to about 90 percent of dollar denominated securities. Today that figure has shrunk to 60 percent, the economist said.
Koenig believes Washington is afraid of losing the dollar’s monopoly on the global stage, and is trying to destabilize the situation in the BRICS countries. For example, by slandering the government of Dilma Rousseff in Brazil for corruption and high debt, or depreciating the Russian ruble by fraud and currency manipulations.
“Today, though steadily declining, most trading is still denominated in dollars and has to transit through a US bank and the BIS clearing system,” he said. “Under the FED-BIS-WS banking system currencies and gold are subject to exchange rate and interest manipulations”.
The potential of BRICS is promising indeed, as the members account for almost 30 percent of world GDP and about 45 percent of the global population.
And according to Russia Behind the Headlines, “The BRICS countries (Brazil, Russia, India, China and South Africa) have made significant progress in setting up structures that would serve as an alternative to the International Monetary Fund and the World Bank, which are dominated by the U.S. and the EU.
A currency reserve pool, as a replacement for the IMF, and a BRICS development bank, as a replacement for the World Bank, will begin operating as soon as …
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Whistler Blowers, Insiders
FANTASTIC NEWS!
When can I trade in the zionist-infected made up out of thin air “fiat” dollar currency of the united Fraudulent fascist states of MILITARY TERROR for this gold backed world currency offered by BRICS????
Soon, I hope!