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17.06.2009, 10:38

BRIC’s look for more diversity in reserve currencies

The worlds major emerging economies – the BRIC nations – are looking at buying each others bonds, and a greater IMF role, to minimize reliance on the U.S. dollar in their talks in Ekaterinburg.

Heads of state of the Shanghai Cooperation Organization (SCO) member-nations hold a meeting (AFP Photo / Dmitry Kostyukov) 17.06.2009, 02:12 6 comments

Medvedev calls for use of national currencies in trade

The share of sovereign currencies in mutual trade within the Shanghai Cooperation Organization (SCO) should be increased to reduce dependence on international reserve currencies, President Medvedev has said.

AFP Photo / Vladimir Rodionov 16.06.2009, 19:13 2 comments

“BRIC countries are part of world financial crisis solution” – Brazilian FM

The growth of the economies of Russia, Brazil, India and China will help the world cope with the financial crisis, said Brazil’s Foreign Minister in an exclusive interview with RT.

L to R: Presidents Luiz Inacio Lula da Silva of Brazil, Dmitry Medvedev of Russia, Hu Jintao of China, and Indian Prime Minister Manmohan Singh shake hands during a group picture shoot (AFP Photo / Dmitry Kostyukov) 16.06.2009, 18:41 3 comments

“Dissatisfaction with US policy unites BRIC countries”

BRIC countries are trying to arrange an economic safeguard due to US being unable to cope with the financial crisis, says Ekaterina Koldunova from the Moscow State University of International Relations.

08.09.2009, 22:22 4 comments

UN dollar to replace US dollar?

A new report from the United Nations recommends the role of the dollar as a reserve currency should be reduced. Instead, it proposes a new supranational currency.

20.04.2009, 13:03 7 comments

Crisis as a way to build a global totalitarian state

As the world financial and economic crisis comes into its own, the Western community leaders are seeking to impress on mankind the idea that this upheaval will end up ‘turning the world into something different’.

06.06.2009, 04:33 1 comment

Medvedev: single world reserve currency pre-conditioned the crisis

The World Economic Forum in St. Petersburg has started with a keynote speech from Dmitry Medvedev. He criticized the global economic system and put forward a number of solutions.

04.06.2009, 12:30

Cash generator in St. Petersburg

Billions of dollars worth of deals are to be hammered out at an annual forum in Russia's second city. Foreign direct investment and global security will be key discussion points at the St. Petersburg Economic Forum.

03.08.2009, 22:47 5 comments

US Federal Reserve – a government scheme?

The reason the US Federal Reserve resists an open audit is that if it happens, people will see that it is just another government scheme to steal money from the poor, said Adam Kokesh, a Congressional candidate.

Dmitry Medvedev (AFP Photo / RIA Novosti / Kremlin pool / Dmitry Astakhov) 21.10.2009, 16:20 1 comment

Medvedev reminds business of its responsibilities

The Russian economy needs a modernization strategy to stop relying on raw materials to pull the country out of the current financial crisis, Dmitry Medvedev stated, speaking at a meeting with Russian business leaders.

Shaping the future, BRIC by BRIC

Published: 21 June, 2009, 08:37
Edited: 16 March, 2010, 23:20


L to R: Presidents Luiz Inacio Lula da Silva of Brazil, Dmitry Medvedev of Russia, Hu Jintao of China, and Indian Prime Minister Manmohan Singh (AFP Photo / RIA Novosti / Kremlin pool / Vladimir Rodionov)

The time has come for Brazil, Russia, India and China to play a central role in a new global economy. That was the message of the debut summit of the so-called BRIC group, hosted in Yekaterinburg this week.

 
5 COMMENTS
Biloxi June 21, 2009, 14:17 quote
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There is NO "I" in TEAM. Therefore, the "I-MF" can be invited by those who are wise (BRIC) into the fold, and then countries such as Mexico can be held in the respect it deserves too, as a TEAM member of the planet earth not fully represented into the game of the western imperialists until the BRIC 'enlightened' continue to transform the old NOT "free" into the new REAL "free market." Medvedev, et al. wear the hats of true forward thinkers and this is what the 21st Century needs!

Norman June 21, 2009, 16:44 quote
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BRIC is just another, though interesting, regional alliance. All four nations have multicultural societies, emerging economies and some form of democracy. All four nations show promise of economic growth, unlike the decline of the United States and the European Union. And they are far more effective than the United Nations. As to new members, call it BRIC-ISA. Sounds odd yet cute.

Count Cash June 21, 2009, 17:01 quote
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Biloxi - Yes I like the word TEAM, a new world team, rather than the 'its my ball, and unless I am captain, we don't play' approach of the west. The team relies on an equal partnership of strong individuals (nations) working together, with a common interest, maintaining the truly free market, but each looking after their own responsibilities in an autonomous fashion. Medvedev, et al. need to make sure this happens and prevent a block forming. We don't need a new block, we need a new team based approach, inclusive of anyone who wants to trade, without all the self interested empire restrictions and controls, that are present within the biased and unfair trading forums of today. A world fit for countries, not countries fit for the US. Only in this truly free environment, will we finally see a reduction in global fear among nations, the fear that ultimaletly manifests itself in conflict. The bottom line today, is that nations with resources, or non US profitable positions, live in imminent fear of US attack. That isn't a market, that's a mafia orgaised crime syndicate! BRIC needs to help fix this, by enabling a market for everyone as equal players, as simple as the old model of opening up a market stall. Not under pro US or anyone elses sanction. We all know what a free market is, so let's have one!

wildekind June 24, 2009, 14:17 quote
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I think the BRIC idea is a brilliant idea. The USA and Europe inspired WTO should have some competition. For too long they have not had any competition. Regulations proposed and enforced by the WTO almost saw South Africa going down the drain like the rest of Africa, however this government was too clever for them and is economically in a much stronger position. I see Russia is also following this route of not joinig the WTO this is sooooooo clever. Be cautious of those people. The WTO rules and regulations are all designed to benefit Europe and USA. The rest of the world must suffer.

Meslin March 16, 2010, 18:47 quote
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It is now appropriate than something serious be set-up to replace the failed US controlled imperialist system which has always functioned on blackmail, false dreams and submission. Since I started commenting on RT I have wished to see that association of decent countries to become a reality and initiate a new World-Order. Let us be positive and hope for the following generations a brighter future ! Sincerely... Jean-Claude Meslin

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