Power to China in the I.M.F. – Does this mean Gold to be Mobilized?

Courtesy of Julian Phillips

While the B.R.I.C.S nations are contributing to the I.M.F.’s funding with the purpose of shoring up the global financial system, they’ve stipulated that they want more power in the I.M.F.  China is contributing $43 billion, so as it races to become the world’s leading economic and financial nation it wants a bigger part of the decision making process, commensurate with its rising power. So the first question to be asked is, “Will it get it?”

Tagged as: $43 billion, Brazil, China, Decision making, Global financial system, International Monetary Fund, Mexico