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The BRICS - frustrated at being kept out of leadership roles in the World Bank and IMF despite...

The BRICS - frustrated at being kept out of leadership roles in the World Bank and IMF despite their growing relevance - are set to approve the formation of competing establishments during their annual summit launching today. "We need to change the way business is conducted in the international financial institutions," says South Africa. "They need to be reformed."
Comments (7)
  • Teutonic Knight
    , contributor
    Comments (2037) | Send Message
     
    The Rise of the Yellow Dragon is here now!
    26 Mar 2013, 09:44 AM Reply Like
  • divinecomedy
    , contributor
    Comments (466) | Send Message
     
    About time.
    26 Mar 2013, 09:59 AM Reply Like
  • DaLatin
    , contributor
    Comments (1522) | Send Message
     
    5 years i´ve been touting and begging folks on SA to use simple BOC accounts in the good old USA.. Yuan hitting 2 year highs against the USD today and as US CEO (Obama) said in State of the Onion speech I made China move Yuan 11%..SO. those who had simple FSLIC Yuan accounts your up 15%. The 1%- year interest and the currency gain.

     

    And, i´m sure <Sec Lew alom¡ng with all democrats and republicans want the <Yuan higher... 11% during the next 4 years too ? I say easy drill sgt .............

     

    5 / 7 years till Reserve status goes ! BRICS setting up exchanges fast ! ME countries are pledged to go with them !
    26 Mar 2013, 10:30 AM Reply Like
  • Sam Liu
    , contributor
    Comments (3864) | Send Message
     
    What about transaction costs?
    26 Mar 2013, 01:04 PM Reply Like
  • DaLatin
    , contributor
    Comments (1522) | Send Message
     
    Sam there are no transaction costs ! Free checks and a debit card come with the account. Just like a BOC account anywhere around the world..
    26 Mar 2013, 04:11 PM Reply Like
  • Sam Liu
    , contributor
    Comments (3864) | Send Message
     
    All the games BOC plays ... I've got stories!
    26 Mar 2013, 09:36 PM Reply Like
  • DaLatin
    , contributor
    Comments (1522) | Send Message
     
    Read the headlines much ? JPM DN HBC SAN C GS MS, what bank doesn´t have 1000s of folks with stories ! In the USA FSLIC covers deposits to 250K.. Sure you can take a 1/4 millions worth of risk free an have an account.
    27 Mar 2013, 03:03 AM Reply Like
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