Reflecting on the growing anti-dollar alliance (especially among the BRICS as we noted here), Jim Rogers exclaims «The US dollar is an extremely flawed currency… we have serious problems… and the world needs something else.» His perspective is that maybe (just maybe) a combined China, Russia, Brazil joint-currency can battle the dollar’s dominance. Rogers goes on to discuss the rationale for the increased cooperation between these 5 nations with multi-billion populations but notes while Russia has lots to add, «I would throw India out» of BRICS.
The BRICS…
