Eagle European Capital, LLC        " A prudent person foresees danger and takes precautions." Prov 22:3 NLT        
July, 2014     
Dear Friend, 

While many people have heard of the BRICS alliance before, you may not  be aware of the new "mini-IMF" they have formed. The BRICS countries (Brazil, Russia, India, China and South Africa) have formed an anti-dollar and anti-FED banking system. The five members will each contribute $10 billion in capital with a contingent reserve of up to $100 billion. This new banking entity is called the New Development Bank (NDB). These five countries represent 3 billion of the world's population of 7.2 billion people.

In an excerpt from the Full Statement, the expressed purpose of the NDB is for "mobilizing resources for infrastructure and sustainable development projects in BRICS and other emerging and developing economies." With this in mind, one can only surmise that the US dollar's status as the world's primary reserve currency is diminishing and likely on its last leg.

As most of you know, I recommend reducing your exposure to US dollars and "Be Your Own Bank". The first step is to maintain only enough money in your bank to cover one month of expenses and replenish as needed. Next keep the remainder of your cash reserve in a fire proof lock box in your possession. Have some small bills for making change to avoid waiting in long lines for change as in the Katrina disaster. Do not have too much in US dollars as this currency will be losing value. The final step to "Be Your Own Bank" is to own physical gold and silver coins. Now is a fabulous time to purchase gold and silver coins at low prices due to the short selling by the banking cartel.

Click on the Link below to read this great article by Tyler Durden.


Please read this article carefully! (Click the Link)
"BRICS Announce $100 Billion Reserve To Bypass Fed, Developed World Central Banks"
by Tyler Durden
, July 15, 2014
Posted on ZeroHedge.com
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Jill Taylor Gordon, CEO
Eagle European Capital LLC
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