BRICS Announce $100 Billion Reserve To Bypass FED

by Tyler Durden, 07/15/2014 (July 14)

The anti- #Petrodollar alliance among the BRICS has successfully created a so-called "mini-IMF" since the BRICS are clearly furious with the IMF as it stands currently. This is what the world's developing nations just said on this topic:

"We remain disappointed and seriously concerned with the current non-implementation of the 2010 International Monetary Fund IMF reforms, which negatively impacts on the IMF’s legitimacy, credibility and effectiveness."

As Putin explains, this is part of "a system of measures that would help prevent the harassment of countries that do not agree with some foreign policy decisions made by the United States US NATO and their allies."

http://www.zerohedge.com/news/2014-07-15/brics-announce-100-billion-reserve-bypass-fed-developed-world-central-banks