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BRICS problems, BRI solutions — Pepe Escobar

Summary:
While the five original BRICS states have their geopolitical differences, they are finding enormous common ground on the geoeconomic front as trade volumes surge and trade routes multiply.Warming up but not yet ready for prime time. Progress is being made but much of the hype is premature. No new currency will be announced at the upcoming meeting, although it is being discussed. The issue now is an alternative payments system for settling trade among the BRICS nations.The CradleBRICS problems, BRI solutionsPepe Escobar

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While the five original BRICS states have their geopolitical differences, they are finding enormous common ground on the geoeconomic front as trade volumes surge and trade routes multiply.
Warming up but not yet ready for prime time. Progress is being made but much of the hype is premature. No new currency will be announced at the upcoming meeting, although it is being discussed. The issue now is an alternative payments system for settling trade among the BRICS nations.

The Cradle
BRICS problems, BRI solutions
Pepe Escobar
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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