The group of emerging economies signed the long-anticipated document to create the $100 bn BRICS Development Bank and a reserve currency pool worth over another $100 bn. Both will counter the influence of Western-based lending institutions and the dollar.
The new bank will provide money for infrastructure and development projects in BRICS countries.
I predicted that Brazil, Russia and China would become the world powers 15 years ago. Christianity has been spreading like wildfire in those countries.