Brics Bank, the beginning of the end for the Federal Reserve?

With all the distractions upon us, most Americans are unaware of the Brics bank which was created in July of this year. The Brics bank is made up of Brazil, Russia, India, China and South Africa.
The new bank is headquartered in Shanghai and has a 100 Billion dollar investment, mostly from China.
The system will help to link the five nations’ banking systems outside of the privately owned and controlled Federal Reserve.
This makes sense as China holds 1.3 trillion of US debt second only to the Federal Reserve itself and these countries are well aware that the Federal Reserve note is being printed on demand with nothing backing its value.



China and Russia have begun selling US bonds instead of buying them and America is running out of lenders to borrow from.
For the first time in 70 years China and Russia have made over 40 deals in their own currencies and gold including oil purchases instead of using US dollars as the reserve currency. This shows their distrust of the stability of the dollar. China has also launched a gold exchange because they believe the pricing is being  rigged by the west.
With manipulated gold prices, inflated currencies and the trade deficits, it is not hard to see what is coming for the Federal Reserve and the US Dollar as we know it. The US could possibly join in the new bank with Gold reserves, but no one knows exactly how much Gold the Federal reserve really has, if any.