[Miami Rebel]

I couldn’t agree more. The BRICs myth is the product of bluffing and wishful thinking. Without an ascendant China, BRICs is nothing.

[Worldtraveler once upon a time]

BRICs, if seen as some sort of new central bank, is of course nothing. It could be merely a currency exchange and transfer mechanism outside the US control. But if it accelerates moves away from the SWIFT and International Settlements to other mechanisms, the loss is ours.

[Rockingham]

Yup. And even with China ascendant, who in their right mind would trust them to promote and maintain the value of their currency if doing so clashed with China’s immediate interest?