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Jim Rickards: Western Economies About To Slam Into A BRICS Wall?

Wealthion - Be Financially Resilient

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Formation and Purpose of the New Development Bank

This chapter discusses the creation of NDB, a new development bank with a capital of $100 billion, its borrowing power, and its role in providing loans for development projects to member countries. It also touches on the contingent reserve arrangement and mentions the countries applying for NDB membership.

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