Tag: BRICS

¥uan and Waterloo of Petro$ (II)

Part I The BRICS The BRICS met in 2013 in Durban, South Africa, to, among other steps, create their own credit rating agency, sidelining the “biased agendas” of the Moody’s/Standard & Poor’s variety. They endorsed plans to create a joint foreign exchange reserves pool. Initially it will include US$100 billion. […]