US Dollar Is The World Currency - But Being Challenged

 US Dollar Is The World Currency - But Being Challenged - SEE By Whom

Brazil, Russia, India, China and South Africa -the so-called BRICS countries - are seeking "alternatives to the existing world order," said Harold Trinkunas, director of the Latin America Initiative at the Brookings Institution. And as well they should since the US has had a monopoly over money for the past 70 years and is refusing to let any other country get a chance to run their own money into the world's system. And when you are talking about emerging economies from 2nd. world countries, they have no chance of becoming the top leader in the world. Also you already know that every time a country or its Leader has wanted to go their own way financially and pull away from the US Dollar, and as soon as they did that, the CIA would descend in their country and quickly fund rebel groups as well their opposition, and that Leader would be overthrown or forced into exile or even worst, killed. And the latest victim was Saddam Hussein of Iraq and Hosni Mubarak of Egypt who wanted to pull away from the US Dollar and they soon got overthrown and killed. So as you can see, the new big boys of the financial world - China, Russia, India, Brazil and South Africa, all want a chance to pull away from the US Dollar as the world currency, because they know that at anytime they could be attacked and overthrown by the US from the inside or the outside with military power. Also, if the US Dollar was to fail, since it is FIAT money anyway, they want to be able to survive and continue prospering as a country. And so this is why BRICS is now meeting in Brazil and planning to put together 100 Billion dollars to start their own IMF (International Monetary Fund), so they could begin to move away from the US Dollar and the super rich of that country who run the world through policies, politics, legislation and raw military power. Your News Reporter, James Dazouloute

So Here Is The Rest Of The Story US Dollar Is The World Currency - But Being Challenged: 


credit source: AOL.com 

Emerging nations plan their own world bank, IMF


WASHINGTON (AP) - Fed up with U.S. dominance of the global financial system, five emerging market powers this week will launch their own versions of the World Bank and the International Monetary Fund.
Brazil, Russia, India, China and South Africa -the so-called BRICS countries - are seeking "alternatives to the existing world order," said Harold Trinkunas, director of the Latin America Initiative at the Brookings Institution.
At a summit Tuesday through Thursday in Brazil, the five countries will unveil a $100 billion fund to fight financial crises, their version of the IMF. They will also launch a World Bank alternative, a new bank that will make loans for infrastructure projects across the developing world.
The five countries will invest equally in the lender, tentatively called the New Development Bank. Other countries may join later.
The BRICS powers are still jousting over the location of the bank's headquarters - Shanghai, Moscow, New Delhi or Johannesburg. The headquarters skirmish is part of a larger struggle to keep China, the world's second-biggest economy, from dominating the new bank the way the United States has dominated the World Bank.
The bloc comprises countries with vastly different economies, foreign policy aims and political systems - from India's raucous democracy to China's one-party state.
Whatever their differences, the BRICS countries have a shared desire for a bigger voice in global economic policy. Each has had painful experiences with Western financial dominance: They've contended with economic sanctions imposed by Western powers. Or they've been forced to make painful budget cuts and meet other strict conditions to qualify for emergency IMF loans.
Now, says Thomas Wright, a fellow at Brookings' Project on International Order and Strategy, "they want a safety net if they fall out with the West."
Developing countries have also been frustrated because the U.S. Congress has refused to approve legislation providing extra money to help the IMF make more loans to countries in trouble. The money is part of a broader reform program that would give China and other developing countries more voting power at the IMF.
Uri Dadush, an economist with the Carnegie Endowment for International Peace, sees no problem with the BRICS countries' development bank and financial crisis fund. But he worries that the five countries' decision to go outside of existing institutions provides more evidence of the "fracturing of the postwar (economic) system that gave us so much peace and prosperity. The system has not been able to adapt to the new reality, the rise of the new powers."
The IMF and the World Bank seem to be taking the new challengers in stride.
"All initiatives that seek to strengthen the network of multilateral lending institutions and increase the available financing for development and infrastructure are welcome," said IMF spokeswoman Conny Lotze. "What is important is that any new institutions complement the existing ones."
Answering a question about the BRICS development bank earlier this month, World Bank President Jim Kim said: "We welcome any new organizations ... We think that the need for new investments in infrastructure is massive, and we think that we can work very well and cooperatively with any of these new banks once they become a reality."


AND SHARE THIS WITH ALL YOUR FRIENDS... DON'T BE SELFISH





-----------------------------------------------------------
Don't Forget To Visit All Our Other Sites So You Could Make It In All Areas Of Your Life:


----------------------------------------------------------------------------------------------------------------------


DON'T FORGET TO SUBSCRIBE TO THIS SITE BY... EMAIL --- OR --- R.S.S FEED --- OR--- BY JOINING GOOGLE FEED ABOVE. So You Can Always Quench The Thirst That Is So Deep Inside You For Knowledge And Truth...  


Enter your email address:

Delivered by FeedBurner



ALSO, TAKE TIME TO VISIT OUR BOOKS PAGE, 


ALONG WITH OUR UPLIFTING VIDEOS PAGE 

=====================================================================================


OTHER URGENT NEWS FOR YOU TO READ ONLINE NOW


 Israel, Palestine, Israeli Police N Palestinian Clashes, Best News To Read 
 Israeli Police N Palestinians Clashes


Elephants, U.S. announce big crackdown on Ivory Sales to protect Elephants, Elephant's Ivory, Ivory Sales, Elephants Murdered, Elephant tusks removed, Best news Online now, Animal news
 U.S. announce news to protect Elephant's ivory sales


Waitresses, Waitresses carrying guns at Burger Joint, Rifle Colorado, Waitresses in Rifle Colorado, Burgers, Bazooka Burgers, Best Burgers

 Waitresses carrying guns at burger joint..




 Man died in broken home had millions..


Student Loans, 10 States with highest student loan debts, Loans, Students in debts, How to pay off school loans, How to get out of debt, News about student loans
 10 States With Highest Student Loans in the news.


Who Is The Man On The P.O.W. Flag, POW Flag, Man Behind The POW Flag Speaks, Breaking News, Best News To Know
 Who Is The Man On The P.O.W. Flag..



Accused Murderer Refuses To Shower In Jail, Mesac Damas, Mesac Damas refused to shower in Jail, Jail, Accused Murderer Mesac Damas
 Accused Murderer Mesac Damas refuses to shower in jail

Wolf Man Aceves Constantly Harassed, Wolf Man, Jesus Aceves, Congenital Hypertrichosis, What is Congenital Hypertrichosis, Wolf Man in the News
 Wolf Man Jesus Aceves Constantly Harassed


Is Google Censoring News Online, Is Google helping Politicians, Peter Barron Google, Google in the news 
 Google in the news.. Censoring News..


Man leaves son to die, Justin Ross Harris, Baby left inside hot car, Dad in the news, Baby died in car 
 Dad left his son to die in car deliberately?


Alligators In The News, Alligators scaring people, Alligator found in Garage, Alligator, What to know about Alligators, Alligator pictures
 Alligator in the news.... Trying To Eat People


NSA spying on American Citizens, NSA Spying news, NSA Spying program, NSA Spy center, 5 American Citizens who have been spied on by NSA
 NSA Spying On American Citizens... You Are Next


Prostitute Arrested For Murdering Rich Client, Prostitute Alix Tichelman, Google Executive Forrest Hayes, Death of Forrest Hayes, Prostitute Killing 
 Prostitute Arrested For Murdering Rich Client


 TSA Agent Fired, TSA Agent not doing job and got fired, TSA workers, Crazy TSA Workers
 TSA Agent fired for letting guns on plane



World's Most Expensive Accidents, Most Expensive Accidents In History, Accidents That cost Lives, Accidents that cost a lot of money,  10 Expensive Accidents, Accidents News 

Tags: US Dollar is the world currency, How the US Dollar is being challenged, Russia, China, Brazil, South Africa, India, US Dollar, IMF, World Bank, BRICS, BRICS challenge the US Dollar 
US Dollar Is The World Currency - But Being Challenged - SEE By Whom

Share What You Found Out


Related Posts Plugin for WordPress, Blogger...

Popular Posts That Many Others Love In Past 30 Days.. SEE:

Advertise With Us - Glad To Help You And Your Business To Succeed By Being Seen