
MacroVoices #379 Bill Blain: Inflation, Central Banks, BRICS, Geopolitics, Alternative Assets & more
Macro Voices
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The Future of Russia
Bricks has become an actual organization. They have their own investment bank down in Shanghai. And I think they're meeting this week in South Africa, where they're going to be talking about exactly these subjects. Should they have their own equivalent of the IMF? That's very attractive to many nations who are forced to agree on economic cuts and programs with the IMF to get lending from them. But at the same time, we'd be over-worrying, we think overnight bricks is going to become a significant force. What it is, is something for previously non-aligned countries to align themselves with.
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