BRIC Nations: Buddy, Can You Spare a New Reserve Currency? [View article]
BRIC dollar talk is ridiculous rhetoric,it's like a mouse in a trap,pretending she's in control,they're not.
There is no other country except US,which can afford and is willing (so far) to run a huge trade deficit against BRIC. Trying to reduce their dollar reserves would kill their economies for decades,and they know it,their local entrepreneurs have influence in politics and will secretly oppose it.
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BRIC dollar talk is ridiculous rhetoric,it's like a mouse in a trap,pretending she's in control,they're not.
Jun 16 18:06 pm
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All Comments by contracontrarian »BRIC Nations: Buddy, Can You Spare a New Reserve Currency? [View article]
There is no other country except US,which can afford and is willing (so far) to run a huge trade deficit against BRIC. Trying to reduce their dollar reserves would kill their economies for decades,and they know it,their local entrepreneurs have influence in politics and will secretly oppose it.