The Importance of a Common Bricks Currency

Despite all of the bluster from politicians around the world a brick's reserve currency does not look like it's coming anytime soon. American workers, farmers, producers and small businesses pay a significant economic cost as manufacturing moves abroad to surplus nations. Paul McNamara from GAM argued in the FT that Russia and the Gulf energy exporting nations might want to accumulate rainy day sovereign wealth funds away from the US but the alternative to the US is essentially one country China.