BRICS Bank Proposed

[itaskol]

in depends on , who will rule the brics bank.
if not under chinese controll, then it is not interesting for china at all.

 

[FairAndUnbiased]

China has nothing to gain from something like this.

yes we do, in fact, we have alot to gain and nothing to lose.

 

[Tshering22]

in depends on , who will rule the brics bank.
if not under chinese controll, then it is not interesting for china at all.

It won't be under any one nation's dominance, that's for sure.

 

[Chinese-Dragon]

Why would we be interested?

China holds $3.2 trillion in currency reserves, several times larger than the currency reserves of the other BRIC nations combined.

When Europe was looking for a bailout, they didn't visit the BRIC. They came to China.

 

[Tshering22]

Why would we be interested?

China holds $3.2 trillion in currency reserves, several times larger than the currency reserves of the other BRIC nations combined.

When Europe was looking for a bailout, they didn't visit the BRIC. They came to China.

No one is forcing you guys. Your choice.

 

[Chinese-Dragon]

No one is forcing you guys. Your choice.

Our currency reserves are our advantage, not BRICs advantage.

No point in throwing away our advantage for no reason, by making it seem like "BRIC" is doing the lending, when it is us.

 

[shiv]

Our currency reserves are our advantage, not BRICs advantage.

No point in throwing away our advantage for no reason, by making it seem like "BRIC" is doing the lending, when it is us.

That's your disadvantage...

 

[lamlap]

BRICS Please Leave China Alone!

We don't like the idea of Brics, suxxxxxxxx

 

[Sasquatch]

Have to Agree if a BRICS Bank is made then we would need to have the most Influence and Power over it, due to $3.2 trillion in currency more then all the other members.

 

[shiv]

BRICS Please Leave China Alone!

We don't like the idea of Brics, suxxxxxxxx

Plz tell Hu Jintao to give the meet a miss. Will ya

Have to Agree if a BRICS Bank is made then we would need to have the most Influence and Power over it, due to $3.2 trillion in currency more then all the other members.

And I am guessing you guys wouldn't invest all your $$ in one bank ?

 

[Sasquatch]

Plz tell Hu Jintao to give the meet a miss. Will ya



And I am guessing you guys wouldn't invest all your $$ in one bank ?

Even if we didn't it still would be more then all the other members, However India did propose this so it would likely need to make the first step. currently now trying to help the EU bailout with that we can get more Trade Deals and Influence in the EU.

 

[Sasquatch]

Through a BRICS bank would be a better option for developing countries then the IMF and the chance to gain more influence.

 

[FairAndUnbiased]

Our currency reserves are our advantage, not BRICs advantage.

No point in throwing away our advantage for no reason, by making it seem like "BRIC" is doing the lending, when it is us.

if we lend through ourselves, then we get the accusations of "colonialism".

if we lend through the IMF or World Bank its even worse, because we lend the money, US and Europe gets the credit

BRICS bank is the easiest way to gain influence and shield self from accusations.

 

[Sasquatch]

It was Proposed after all.

---------- Post added at 04:55 AM ---------- Previous post was at 04:55 AM ----------

if we lend through ourselves, then we get the accusations of "colonialism".

if we lend through the IMF or World Bank its even worse, because we lend the money, US and Europe gets the credit

BRICS bank is the easiest way to gain influence and shield self from accusations.

In many Cases Yes.

 

[shiv]

if we lend through ourselves, then we get the accusations of "colonialism".

if we lend through the IMF or World Bank its even worse, because we lend the money, US and Europe gets the credit

BRICS bank is the easiest way to gain influence and shield self from accusations.

high IQ stuff initiated by Indians