The B.R.I.C. Coalition Launched!

June 21-2009:

The B.R.I.C. Coalition Launched!


This acronym is the name of four developing countries that encourages trade with each other, in a global market place that is too heavily dependent upon the US dollar.

These countries are Brazil Russia, India, and China.

With their emerging economies, and need for sustainable mineral resources for internal development programs and growth. They share a common interest, that when combined in trade will allow them to grow more equitably in the international market arena.

And may also allow them to not be so impacted as much as they are currently, if or when there is another global financial scam/crisis, their dependency upon the US dollar will be less severe.

It is hoped that at some time in the future, a global Super Currency may be introduced, alongside the US dollar, in order for states to have another means to ensure financial stability and security, should another financial crisis like the one we see currently arise.

Derryck.
NYC.