Category: BRIC

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Economist Jim Rickards States BRICS Currency Will Leverage Gold to ‘Destroy the Dollar’

July 25, 2023

Jim Rickards, economist and best-selling author, has explained the possible repercussions of issuing a BRICS bloc currency for the dollar. For Rickards, the “bric” (the name he gives to the BRICS currency) will be anchored (but not redeemable or backed) to a weight of gold and will be used for debasing the dollar by propping…
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India Poised to Leapfrog Major Economies, Becoming World’s Second-Largest by 2075, Goldman Sachs Report Predicts

July 11, 2023

In a recent report, Goldman Sachs Research details that India is set to outpace Japan, Germany, and the U.S. to become the world’s second-largest economy by 2075. The financial institution’s researchers predict a dramatic expansion in India’s gross domestic product. Economic Shift: Goldman Sachs Predicts India’s Ascent to World’s No. 2 Economy In a report…
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