Kamis, 14 April 2011

BRICS, Agricultural Trade, and the U.S. Balance Sheet

This week, the BRIC nations are meeting in China for their third annual summit. Brazil, Russia, India and China are now including South Africa. Already part of the G20, these nations are intent upon doing business with each other, lending to each other, and they are desirous of a new international reserve currency. All are feeling inflationary pressures and are concerned about excessive capital