As leaders of emerging market nations known as “BRICS” reveal plans to launch a new world bank, the specter of an alternative monetary system is driving financial decisions from Argentina to Russia and China – and threatening the dominance of the US dollar. BRICS to bring together plans to create a $100 billion bank The leaders of Russia, India, Brazil, China and South Africa are in meetings ending July 17 to bring together plans to create a $100 billion bank to compete with the World Bank and International Monetary Fund. The planed bank is a piece in a larger puzzle…
BRICS Negotiating To Establish New World Bank
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.