SOME THOUGHTS ON THE BRICS CURRENCY

What is BRICS?

"BRICS is an acronym for Brazil, Russia, India, China, and South Africa. Goldman Sachs economist Jim O'Neill coined the term BRIC (without South Africa) in 2001, claiming that by 2050 the four BRIC economies would come to dominate the global economy. South Africa was added to the list in 2010." James Chen, Investopedia

So before we have to bend to kiss the ring, let's examine at least a part of the BRICS situation.

A BRICS currency basket

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Lenny Dendunnen is also available for financial consulting and guest writing/speaking positions. You can contact him at Lenny@guillotineadvisors.com