by Lily Dane, The Daily Sheeple:
Five countries are tired of US dominance of the global financial system and are building their own versions of the World Bank and the International Monetary Fund (IMF).
The group is called BRICS, and the members are all developing or newly industrialized countries that are distinguished by their large, fast-growing economies and significant influence on regional and global affairs.
From the AP:
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.
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