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BRICS Against Washington Consensus

The Holy Roman Empire is preparing their 5th Reich, the BRICS group of emerging powers (Brazil, Russia, India, China, South Africa) fights the West (Neoliberal) World (Dis)Order via a new development bank and a reserve fund set up to offset financial crises. 
The devil, of course, is in the details of how they’ll do it. 
It’s been a long and winding road since Yekaterinburg in 2009, at their first summit, up to the BRICS’s long-awaited counterpunch against the Bretton Woods consensus – the IMF and the World Bank – as well as the Japan-dominated (but largely responding to US priorities) Asian Development Bank (ADB). - [ Read more ]