There was something in the World Bank’s recent warning about a Fed rate hike that caught my eye: it specifically mentioned that a rate hike would trigger “panic and turmoil” in the emerging market economies (the economies the BRICS Alliance was created to capture). On a hunch, I decided to check on the status of the BRICS’ Contingent Reserve Fund, and I found this…
So just 11 days prior to the September 16-17 FOMC Meeting, the BRICS announce that the Contingent Reserve Arrangement is fully operational. Interesting. Equally as interesting is the last paragraph of the article…
“As the BRICS countries launched new financial institutions like the $100 billion BRICS Bank, the China-led Asia Infrastructure Investment Bank, and a $100 billion BRICS currency reserve fund, the IMF has once again delayed voting reforms to give emerging countries greater say.”
Are you beginning to see a strategy at play?…
1) The Fed hikes rates to set off panic and turmoil in the emerging market economies (EMEs).
2) The EMEs run to the now fully functioning BRICS institutions for help (per the globalist design).
3) The “Coalition of the Pissed” gang up to demand immediate action on the IMF’s governance reforms.
But will they set these dominoes falling next week? We’ll know soon enough.
For the previous updates in this series, click here.
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