Global Economics 2015

In Currency, Politics by Dusty Croghan

Just as researchers and experts are making claims that Russia and China are now rapidly paving the way for the world de-dollarization, the United Nations announced the transformation of the economy during the Paris climate summit.  The announcement claims “The transformation of the global economy is inevitable, beneficial & already underway”.  This announcment comes just shortely after the world bank made claims of a unification in calling for a price on carbon moving ahead with the agenda for a global carbon tax.  In the world economy gold is the standard.  Russia and China have continued expansion of gold reserves while the U.S. faces criticism of fabricating its gold holding numbers and information.

The New Development Bank (NDB), also known as the BRICS Development Bank, is a world financial structure created and operated by Brazil, Russia, India, China and South Africa.  It was set up between the 5 countries as an alternative to the World Bank and IMF (International Monetary Fund).