Game over

[cottonpicken]

The brics just set up their own system 70 years to the day after bretton woods,global usx hedevonomy is gone. Their economies Are as large as the us and eu combined pretty big day god help us i hope there is no war or the world breaking up into two spheres but seeing as how the g8 kicked out russia And went back to g7 it might be bad sorry no cut and paste from stupid phone

[PrairieDude]

What are you forecasting?

[charliep]

Is this what you are referring to? At least a place to start for those that are interested.

[URL="http://allafrica.com/stories/201407151291.html"]BRICS[/URL]

[cottonpicken]

Hard to put it into a paragraph or two but half the world just chucked out the current global finanace system,lagarde in her january speech kept babbling about seven ill link late but a big big shift has occured,we all know what happened to quadaffi and saddam when they announced and end to the usdx as the premium forex reserve currency but what happens next will be worth watching.

[wilagro]

From what I have read...BRICS nations are squabbling amongst themselves already. Russia will dominate in the end and will benefit most IMHO.

India and South Africa...can't see much change there...especially South Africa which will go backward unless domestic policies straighten out. Capital is fleeing and so are trained middle class. Its a basket-case...crime and poverty are killing it.

[cottonpicken]

The world trades over 5 trillion usdx's a day,a day!

As this slowly unwinds it will be pretty big news and probably commodity positive,although in the short term the dollar should strengthen with all the screwed up stuff going on.

China will be the largest economy measured in months not years.