The Phaserl


Rickards Is Wrong/Gold Is Smashed By The Banks/Stay Away From Minco Silver

by Dave Kranzler, Investment Research Dynamics:

BRICS establish $100bn bank and currency reserves to cut out Western dominance:

The big launch of the BRICS bank is seen as a first step to break the dominance of the US dollar in global trade, as well as dollar-backed institutions such as the International Monetary Fund (IMF) and the World Bank, both US-based institutions BRICS countries have little influence within.

Here’s the link to the article (note: Bloomberg is misreporting this story – surprise surprise – as being a $50 billion agreement): LINK.

I’ve been saying for quite some time that Jim Rickards was wrong in his persistent and presumptuous insistence that the next reserve currency would be the dollar-dominated IMF SDR…

Read More @

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>