[canuck_conservative]

a stand alone BRICs currency

you're living in a fantasy World

how can you get 50 different countries to agree on anything binding?

loopy non-binding climate declarations are one thing, but constricting economic arrangements are another matter entirely

and who's gonna be in charge of this alleged new currency? whatever country you pick - Russia, China, India - will piss off everyone else

Prediction - Canada will land on the moon before there's a BRICS currency ... US Dollar has nothing to worry about LOL

[Reverend Wright]

That’s my point.

The BRICs currency is not going to happen, and there is a strong incentive for both the EU and the BRICs countries to switch from the dollar to the Euro for international trade transactions.

The Euro is in 30 percent of foreign exchange transactions, the crosses exist for every country. The Euro sovereign debt market is not as deep as the US Treasury market, but it is still huge.

But it will work, and that’s what the BRICs want - a viable alternative to get out from under the US dollar. And the EU gets the benefit of printing the international currency, instead of the US.

The US Regime can’t function without the $US as the international currency. They won’t be able to afford imports, and won’t be able to afford a trillion dollar a year National Security State.

It can’t happen soon enough !