I'm guessing this didn't make the lamestream media.
BRICS Nations Plan New Bank to Bypass World Bank, IMF - Bloomberg
William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.
They know what the World Bank and IMF are about.
Loan money to countries to build "infrastructure" and many other things - knowing these countries cannot pay the loans back - then go after the natural resources.
During the initial Cyprus bank *cough* tax (theft) reports at 3 am in the morning Christine Lagarde's mug was all over the screen.
This was not just the European Bank, but the IMF was in on this, too.
It never ends.
Read or youtube John Perkin's Confessions of an economic hitman.
Where are the IMF and Work Bank based? Washington, DC. Neo-con Paul Wolfowitz was made President of the World Bank after he left the Bush administration.
Chaves got in the American sh*t list because he paid off Venezuela's WB and IMF loans.
It's an accurate statement that our current spending will not be increasing the debt We've stopped spending money that we don't have.
-- Jack Lew, then director of the Office of Management and Budget, in Feb. 16, 2011 testimony before the Senate Budget Committee.