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I have a concern about BRICS starting their own currency

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Posts: 5
 
Prospect
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Joined: Sep, 2006
Posts: 56
Posted: #1
I'm not well versed in all this currency ongoings but what would happen to the present currency situation if the BRICS currency would trump what we have now please chime in as I am just a mere student of finance Thanks

 
Captain
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Joined: Jan, 2005
Posts: 8200
Posted: #2

You really think Brazil, Russian, India, and China hold more than the good 'ol US of A ?

 

Well, Brazil is an export economy that feeds the machines of China (which is down), Russia loves conflict that seems to be closing inward, and India is a question mark.  So 3/4 are downers for now...  

And U.S.   just recorded an increase in GDP for Q2 ? 

So, what was your question ?

 

 

 
Captain
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Joined: Jan, 2005
Posts: 8200
Posted: #3

BTW, Janet Yellen is starting to close the easy-money policies that have been in place for close to a decade.

A strong dollar is the result... Pay attention to what you are paying for gasoline these days.. there is a strong correlation.

 

 

 

 
Veteran
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Joined: Sep, 2009
Posts: 2090
Posted: #4
A BRICS currency would have a life of about three days,, sounds like youve been listening to goldbugs or reading zerohedge..King Dollar rules for another 50 years minimum
 
 
Prospect
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Joined: Sep, 2006
Posts: 56
Posted: #5
cool I can rest east thanks all
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