BRICs look for more diversity in reserve currencies

The worlds major emerging economies the BRIC nations are looking at buying each others bonds, and a greater IMF role, to minimize reliance on the U.S. dollar in their talks in Ekaterinburg.

Category:

News & Politics

Tags:

• emergency
• economy
• BRIC
• nation
• bonds
• IMF
• role
• reliance
• US
• dollar
• talks
• Ekaterinburg

[jobrien2001]

Keep listening to propaganda.

Inflation is the increase in money supply not the increase of prices, increase of prices is the CONSEQUENCE of inflation. There is inflation right now, the people are uneducated.

So... unless the FED wants to destroy more money than they have created they will never be deflation.

The question of when the dollar will collapse is the same question as how dumb can people be to continue buying it knowing that the FED is inflating the money supply.

[88009988]

viva BRICs

we dont need us dollar anymore!!!

[geodome83]

This is a recurring theme from the G20 London Summit.

[bauxi07]

*****

[ArtypNk]

Maybe it will, and maybe it wont. All I want is WW3.

[Garmichael1]

yea, lets see what you have to say in a year from now...

[labartic]

I'll trust economic genius, Marc, Faber's, opinion. Thanks.

[abarzilai664]

It's pretty much fantasy that the dollar would collapse any time soon, most likely we'll see some mild inflation due to the stimulas followed by severe deflation. But a collapse is unlikely.