Friday, 29 March 2013

'Hegemonic Corporations Scared as BRICS Plan Bank to Rival IMF'

A new global bank is being born in South Africa - where the world's top emerging economies are meeting. The new financial powerhouse would be a direct challenger to the World Bank and the IMF - both dominated by the US. Brazil, Russia, India, China and South Africa also green-lighted a new, mammoth crisis fund - and hinted they would ditch the dollar.

The IMF and World Bank can eat dirt. The world will be a better place once these corrupt institutions are sidelined.

[Posted at the SpookyWeather blog, March 29th, 2013.]

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