BRICS Countries
topic on 1 show · 3 statements across 2 episodes
3 statements about BRICS Countries, every show
Sacks: BRICS gold-backed trade currency unlikely in next few years
“The best guess about what they're going to do is it'll be some sort of gold-backed certificates where they can settle up huge international trade flows using gold certificates. So that might be part of what's driving this as well. That's a very long-term proje…”
Sacks: BRICS nations surpassed the G7 in GDP on PPP basis
“If you look at them on a purchasing power parity basis, the BRICS countries just surpass the G seven in terms of GDP.”