America’s Big Stick
Since Brenton Woods, America has carried a big stick: the US dollar. Despite Teddy’s advice, when you have a big stick, you can speak softly or yell at the top of your lungs the results are likely the same. However, after a while, even the most beaten-down folks will risk it all and fight back. Hence BRICS; is putting together a golden stick to beat back American paper. In 2014, the BRICS countries (Brazil, Russia, India, China, and South Africa) created the New Development Bank (NDB), also k...
America’s Big Stick
Since Brenton Woods, America has carried a big stick: the US dollar. Despite Teddy’s advice, when you have a big stick, you can speak softly or yell at the top of your lungs the results are likely the same. However, after a while, even the most beaten-down folks will risk it all and fight back. Hence BRICS; is putting together a golden stick to beat back American paper. In 2014, the BRICS countries (Brazil, Russia, India, China, and South Africa) created the New Development Bank (NDB), also k...
