Count Cash has hit the "nail" on the head, spot on! Any one care to guess the names the next "two" reserve currencies. Yes two! UN backed the creation of an "artificial currency" for foreign exchange reserves. It is the first time a major multinational institution has come up with such a suggestion, that one , ould work and two none of the countries will be at each others "financial" throats!.

BRIC has about as much chance of succeeding as an infant trying to swim up a water fall. The NEW WORLD ORDER will ensure BRIC's failure and BRIC will be forced to join the new world order to survive economically. The CHINA BUBBLE will be pierced very soon and there will be massive unrest all over CHINA.

It would have been way more hip if the BRIC countries were called The CRIB Countries. THE CRIB COUNTRIES! Sounds CooL

Well it might work as long as BRIC doesn't turn into BRIC-A-BRAC......

BRIC countries, but also many other countries with the remarkable growth, need to navigate a virtual mine field of the financial system collapse debris. We have all become accustomed to hearing about the recovery; but this is not what the experts seem to be saying. In fact, some of the very tools designed for the recovery may end up creating another bubbles. For that reason, BRIC needs to exercise caution. The correction in US and the West will still come in stages, and it will have intended and unintended consequences for other economies. It would be utterly naive to think that the failing economies and their financiers are going to just sit idly by, and let others pick up the benefits and prosper. BRIC countries can expect the unexpected, and it may come in the form of financial undemining of their economies. Russia's moves to curb corruption, and boost the private sector --- are all well timed initiatives. Russia, however, has a problem of population concentration in two largest urban areas, and has no articulated vision on how to move population into the vast, resource rich areas. I have commented on more then one occassion, that it is critical for Russia to make a clean break from the European style urban design and architecture. Russia needs to adopt a modular, interconnected structure/city urban design that is energy efficient, environmentally responsible, and above all, livable in all climates. Today, the lifestyle is important to people.Young people do not fancy the baroque grandeur of the past, but efficient, modern and convenient spaces for work, living and recreation. Yes, government can provide a great deal of seed money, but the profit motive can expand manyfold what government invests. Given the need to expand both resource exploration and the research & development, the synergy of funds and goals is clearly there.

No doubt BRIC is where the action is going to be, and that there is a huge change that has taken place with regard to positions in the world. The game has changed. The switch from dollars is happening, I see this before my very own eyes, I settle in RMB directly now for the last few months. This will go on and on. The dollar will just be a US debt denomination. The US will start to need to import, paying other currencies, the US will be normalised into a normal trading nation and will need to correct. That correction will be very painful and will represent a double dip. It is the feedback loop coming into play to correct the US economy. There is no way to stop it, it will happen. The US will recover, but it will be a changed world. The BRIC countries in the meantime, will be the places of growth, of development. They can build whilst others burn. They are raw and ready for development, without so much western baggage. But BRICs rise is not something god given, it will require work, in Russia now we are starting to put in place the anticorruption measure, next will be the business advisary environment, then will be the flow of 25 to 75 billion euro of governement investement into the private sector, all step by step in a manged way. Each BRIC country has to make it happen. I am convinced in Russia that we know the steps to take and are taking them.