Friday, March 30, 2012
BRICS to change world economy
“The BRICS countries’ leaders are preparing for their annual meeting. These countries make up 42 percent of the world’s population and a quarter of its landmass. They are also responsible for 20 percent of the Global GDP and
own a whopping 75 percent of the foreign reserve worldwide. In these tough
times for world economics these countries are trying to find a solution for the situation. RT’s Priya Sridhar gives us a sneak peak of the summit from India.”
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BRICS countries might consider encouraging private gold ownership within their borders to allow private individuals to shoulder more of the costs of living ( healthcare, retirement, etc. ), freeing the state to do other things ( India and South Africa already do this, though I have yet to hear of gold depository service for private individuals and private companies in India ). There needs to be Brazilian, Russian, Chinese, Indian, and South African equivalents to GoldMoney.com ( James Turk's company ).The state can't do everything. The Americans tried to be everything to everybody and look at them now ( 114 Trilion USD 2010 annualized basis unfunded liabilities and 14 Trillion in debt ). Good luck !
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