A few years ago, someone coined the term: BRICs. This was an acronym for the countries of Brazil, Russia, India, and China.
October 15th, 2009 | Chuck Butler | 5 comments | ContinuedAll Posts Tagged With: "reserve currency"
When it Comes to Economic Health, Nothing Beats a Depression
According to a pair of researchers from the University of Michigan, a depression does more for longevity than diet or exercise.
October 5th, 2009 | Bill Bonner | 0 comments | Continued
US Dollar Declining as China’s Currency Rises
“We may now be entering the Asian century, dominated by a rising China and its currency. This decline of the dollar might take more than a decade, but it could happen even sooner…
September 23rd, 2009 | Bill Bonner | 5 comments | Continued
At a Time When We Are Drowning in Debt, We Are Also Out of Money
When a debtor is out of money, he has no ability to repay. And when a creditor has borrowers who are out of money, the creditor has no income. No earnings. No power to make better loans.
September 17th, 2009 | Bill Jenkins | 3 comments | Continued
How the U.S. Dollar Came to be the World’s Reserve Currency
The BRIC nations held an historic meeting in Yekaterinburg, Russia, last week. They’re growing very fast…with rising markets, rising incomes, rising currencies, and rising GDPs. Together, their percentage of total global growth grew 50% between 2000 and 2008.
May 30th, 2008 | Bill Bonner | 2 comments | Continued