Comments on: BRIC Nations: Be Careful What You Wish For http://dailyreckoning.com/bric-nations-be-careful-what-you-wish-for/ Covering the economy, global markets and world politics. Sun, 22 Nov 2009 01:29:43 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: psiceobill http://dailyreckoning.com/bric-nations-be-careful-what-you-wish-for/#comment-13254 psiceobill Sun, 28 Jun 2009 05:30:32 +0000 http://dailyreckoning.com/?p=16767#comment-13254 Ian, your article is very good, except for one part. The BRIC countries are better off with this change for the reserve currency away from the USA. Why? Because they know they are doomed with America solely, while with IMF special drawing rights they, especially China, will have a much much larger say in things, or control. Also, I predict the dollar currency part will be small, probably less than 25%. Lastly, and most importantly, it will have a gold portion, too - the wisest thing they can do as it is the only real money or currency. Everything else is just fake or fiat currency. So, to me, they are smart to do this. Anything to get away from the dollar, which they can see is being ruined quickly by Obama drunken sailor spending. Ian, your article is very good, except for one part. The BRIC countries are better off with this change for the reserve currency away from the USA. Why? Because they know they are doomed with America solely, while with IMF special drawing rights they, especially China, will have a much much larger say in things, or control. Also, I predict the dollar currency part will be small, probably less than 25%. Lastly, and most importantly, it will have a gold portion, too – the wisest thing they can do as it is the only real money or currency. Everything else is just fake or fiat currency.
So, to me, they are smart to do this. Anything to get away from the dollar, which they can see is being ruined quickly by Obama drunken sailor spending.

]]> By: sir jorge http://dailyreckoning.com/bric-nations-be-careful-what-you-wish-for/#comment-13067 sir jorge Fri, 26 Jun 2009 20:50:26 +0000 http://dailyreckoning.com/?p=16767#comment-13067 wow, you weren't kidding on the be careful what you wish for part wow, you weren’t kidding on the be careful what you wish for part

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