Jim Rickards' Closing Warning Don't Be Fooled into Ignoring this!
Jim Rickards' Closing Warning: Don't Be Fooled into Ignoring This!
If you want to understand this, you have to stop thinking like an American and start thinking like a Russian.
We should probably define BRICS. It's an acronym for Brazil, Russia, India, China, and South Africa. The BRICS started in 2002 as a Goldman Sachs marketing gimmick. They took the leading economies, excluding the G7 and Switzerland, and identified the fastest-growing developing economies: Brazil, Russia, India, and China. That was straightforward. A few years later, they added South Africa, which, while not as large or significant as the others, is one of the biggest economies in Africa.
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