Ron Insana cautions against falling for the latest version of the BRICs

The attempt to market BRICs as a global investment play has been an abject failure, Ron Insana says.

But they are wildly divergent when it comes to impact, import, military capabilities, to say nothing of wildly incompatible economic and military philosophies.

I can't imagine the developed world rushing to do any more business with this group than is already done. Everyone is enamored of the acronym;In currency terms alone, studies by the U.S. Federal Reserve, the International Monetary Fund and the Bank for International Settlements show the following as of 2022, as reported by Reuters:

The group itself is composed of more than one country that has managed to become an international pariah. Count Russia and Iran among them, while Argentina is an economic basket case whose currency, like Russia's, makes the cash basket suspect from the very start.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

NBCNewYork /  🏆 270. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The BRICS Expansion Is A New World Order Of Strategic MultialignmentThe BRICS expansion signals the new era of strategic multialignment. There's a new geopolitical chess board, and new players rising.
Read more »

Florida Gov. Ron DeSantis faces Black leaders' anger after racist killings in JacksonvilleRon DeSantis scoffed when the NAACP issued a travel advisory this spring warning Black people to use “extreme care” if traveling to Florida.
Read more »

Ron Hart: Vivek Ramaswamy might be the one to take on the big government leftistsThe Dems will accuse anyone from the GOP of being a white supremacist, but it appears the GOP has the most diverse group of white supremacists – ever.
Read more »

| Ron DeSantis’s Illiberal EducationHis policies and team of advisers suggest he favors some form of indoctrination.
Read more »

Sen. Ron Johnson accuses CDC of ‘censorship’ of own COVID vaccine infoSen. Ron Johnson (R-Wis.) lambasted the Center for Disease Control and Prevention’s coordination with social media companies over COVID-19 vaccine information.
Read more »