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Dust Up In South Africa – Gold Backing Of Reserve And National Currencies… An Antiquated System?

Dust Up In South Africa – Gold Backing Of Reserve And National Currencies… An Antiquated System?

My personal understanding is that what the BRICS countries have in mind is a system very similar to Keynes’s concept of an international central bank that had the power to create its own reserves by issuing its own currency similar to the “bancor” and what he tried to...
The BRIICS, A Hegemon And A Black Swan… All Swimming Into A Perfect Storm

The BRIICS, A Hegemon And A Black Swan… All Swimming Into A Perfect Storm

I was recently asked for my 2 cents worth regarding the rapidly expanding BRIICS movement AKA as Zone B or the Global South by a very productive think-tank/geopolitical site based in Costa Rico. I thought perhaps it may also be of interest to the kiwi freedom and...