Yep it's still the only currency that matters.
Checks Indian-Chinese relations
Yep they still have effective visa bans against each other.
So what is this BRICS club exactly? A dictionary club?
Yep it's still the only currency that matters.
Checks Indian-Chinese relations
Yep they still have effective visa bans against each other.
So what is this BRICS club exactly? A dictionary club?
BRICS gets strong feelings because it's an made-up economic bloc created by Goldman Sachs in 2001 as a way to describe powerful developing economies. A few ETFs / Index funds were created based on that... and mostly fell apart, since all of the growth was in China.
Brazil is something of a high-tariff basketcase, South Africa is a borderline failed state and can't keep the lights on, Russia is eviscerating itself in Ukraine and looking at demographic collapse regardless of how many Ukrainian kids they kidnap, and China v India isn't cooling down -- they just had a sword & rock fight in the mountains not too long ago. Like, one of my big bets for 2000-2100 AD is a Chinese-Indian War, which has the potential to end life on Earth, much like US-USSR MAD fears did 90 years ago.